Elcyclo: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
Elcyclo
Largest movements
- Current investments +€12,184
new in 2025: €12,184
- Cash -€2,622
down €2,622 (-5.1%), from €51,582 to €48,959
mainly Contributions, distributions and other (-€49,996) and Current investments (-€12,184)
- Deferred charges and accrued income -€2,268
down €2,268 (-33.1%), from €6,854 to €4,586
- Receivables within one year +€1,735
up €1,735 (+18.3%), from €9,500 to €11,235
- Tangible fixed assets -€1,332
down €1,332 (-27.2%), from €4,891 to €3,560
- Other debts +€31,131
up €31,131 (+8269.8%), from €376 to €31,507
- Reserves -€18,318
down €18,318 (-31.0%), from €59,069 to €40,751
- Tax, wage and social debts -€3,299
down €3,299 (-40.5%), from €8,149 to €4,850
- Trade debts -€1,816
down €1,816 (-66.5%), from €2,733 to €917
- Gross operating margin +€17,521
up €17,521 (+65.2%), from €26,863 to €44,384
- Taxes +€3,500
up €3,500 (+67.5%), from €5,183 to €8,682
- Depreciation +€509
up €509 (+28.2%), from €1,804 to €2,313
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €72,827 | €80,524 | +€7,697 | +10.6% |
| Fixed assets | 21/28 | €4,891 | €3,560 | -€1,332 | -27.2% |
| Tangible fixed assets | 22/27 | €4,891 | €3,560 | -€1,332 | -27.2% |
| Furniture and vehicles | 24 | €4,891 | €3,560 | -€1,332 | -27.2% |
| Current assets | 29/58 | €67,936 | €76,965 | +€9,029 | +13.3% |
| Amounts receivable within one year | 40/41 | €9,500 | €11,235 | +€1,735 | +18.3% |
| Trade receivables | 40 | €9,500 | €11,235 | +€1,735 | +18.3% |
| Current investments | 50/53 | - | €12,184 | +€12,184 | |
| Cash at bank and in hand | 54/58 | €51,582 | €48,959 | -€2,622 | -5.1% |
| Deferred charges and accrued income | 490/1 | €6,854 | €4,586 | -€2,268 | -33.1% |
| Total equity and liabilities | 10/49 | €72,827 | €80,524 | +€7,697 | +10.6% |
| Equity | 10/15 | €61,569 | €43,251 | -€18,318 | -29.8% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €59,069 | €40,751 | -€18,318 | -31.0% |
| Distributable reserves | 133 | €59,069 | €40,751 | -€18,318 | -31.0% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €11,258 | €37,273 | +€26,015 | +231.1% |
| Amounts payable within one year | 42/48 | €11,258 | €37,273 | +€26,015 | +231.1% |
| Trade debts | 44 | €2,733 | €917 | -€1,816 | -66.5% |
| Suppliers | 440/4 | €2,733 | €917 | -€1,816 | -66.5% |
| Taxes, remuneration and social security | 45 | €8,149 | €4,850 | -€3,299 | -40.5% |
| Taxes | 450/3 | €8,149 | €4,850 | -€3,299 | -40.5% |
| Other amounts payable | 47/48 | €376 | €31,507 | +€31,131 | +8269.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,804 | €2,313 | +€509 | +28.2% |
| Other operating charges | 640/8 | €571 | €994 | +€422 | +73.9% |
| Gross operating margin | 9900 | €26,863 | €44,384 | +€17,521 | +65.2% |
| Operating profit (loss) | 9901 | €24,487 | €41,077 | +€16,590 | +67.7% |
| Financial income | 75/76B | €0 | €11 | +€11 | +106900.0% |
| Recurring financial income | 75 | €0 | €11 | +€11 | +106900.0% |
| Financial charges | 65/66B | €987 | €727 | -€260 | -26.3% |
| Recurring financial charges | 65 | €987 | €727 | -€260 | -26.3% |
| Profit (loss) for the period before taxes | 9903 | €23,500 | €40,361 | +€16,860 | +71.7% |
| Income taxes | 67/77 | €5,183 | €8,682 | +€3,500 | +67.5% |
| Profit (loss) for the period | 9904 | €18,318 | €31,678 | +€13,360 | +72.9% |
| Profit (loss) for the period to be appropriated | 9905 | €18,318 | €31,678 | +€13,360 | +72.9% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.