ELDECO: what changed
Two fiscal 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.
ELDECO
Largest movements
- Tangible fixed assets -€19,004
down €19,004 (-39.6%), from €47,962 to €28,958
- Cash -€9,583
down €9,583 (-16.0%), from €59,837 to €50,254
mainly Trade debts (-€15,907) and Debts after one year (-€13,252)
- Trade debts -€15,907
down €15,907 (-7.1%), from €222,632 to €206,725
- Debts after one year -€13,252
down €13,252 (-46.5%), from €28,492 to €15,240
- Gross operating margin +€1,587
up €1,587 (+2.8%), from €56,943 to €58,530
- Staff costs +€1,090
up €1,090 (+3.5%), from €31,143 to €32,232
- Depreciation -€1,056
down €1,056 (-5.3%), from €20,060 to €19,004
- Taxes +€965
up €965 (+93.3%), from €1,033 to €1,998
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 | €267,501 | €239,239 | -€28,263 | -10.6% |
| Fixed assets | 21/28 | €47,962 | €28,958 | -€19,004 | -39.6% |
| Tangible fixed assets | 22/27 | €47,962 | €28,958 | -€19,004 | -39.6% |
| Land and buildings | 22 | €15,000 | €13,750 | -€1,250 | -8.3% |
| Plant, machinery and equipment | 23 | €6,367 | €1,221 | -€5,146 | -80.8% |
| Furniture and vehicles | 24 | €12,550 | €6,758 | -€5,792 | -46.2% |
| Other tangible fixed assets | 26 | €14,044 | €7,229 | -€6,816 | -48.5% |
| Current assets | 29/58 | €219,540 | €210,281 | -€9,259 | -4.2% |
| Amounts receivable within one year | 40/41 | €159,703 | €160,027 | +€324 | +0.2% |
| Trade receivables | 40 | €157,698 | €156,864 | -€835 | -0.5% |
| Other amounts receivable | 41 | €2,004 | €3,163 | +€1,159 | +57.8% |
| Cash at bank and in hand | 54/58 | €59,837 | €50,254 | -€9,583 | -16.0% |
| Total equity and liabilities | 10/49 | €267,501 | €239,239 | -€28,263 | -10.6% |
| Equity | 10/15 | €13,614 | €13,802 | +€189 | +1.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Capital | 10 | €6,200 | - | -€6,200 | |
| Issued capital | 100 | €18,600 | - | -€18,600 | |
| Uncalled capital | 101 | €12,400 | - | -€12,400 | |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | - | €1,860 | +€1,860 | |
| Profit (loss) carried forward | 14 | €5,554 | €5,742 | +€189 | +3.4% |
| Amounts payable | 17/49 | €253,888 | €225,436 | -€28,451 | -11.2% |
| Amounts payable after more than one year | 17 | €28,492 | €15,240 | -€13,252 | -46.5% |
| Financial debts | 170/4 | €28,492 | €15,240 | -€13,252 | -46.5% |
| Amounts payable within one year | 42/48 | €225,396 | €210,197 | -€15,200 | -6.7% |
| Trade debts | 44 | €222,632 | €206,725 | -€15,907 | -7.1% |
| Suppliers | 440/4 | €222,632 | €206,725 | -€15,907 | -7.1% |
| Taxes, remuneration and social security | 45 | €1,879 | €1,946 | +€67 | +3.6% |
| Remuneration and social security | 454/9 | €1,879 | €1,946 | +€67 | +3.6% |
| Other amounts payable | 47/48 | €885 | €1,525 | +€640 | +72.3% |
| Remuneration, social security and pensions | 62 | €31,143 | €32,232 | +€1,090 | +3.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,060 | €19,004 | -€1,056 | -5.3% |
| Other operating charges | 640/8 | €3,125 | €3,079 | -€46 | -1.5% |
| Gross operating margin | 9900 | €56,943 | €58,530 | +€1,587 | +2.8% |
| Operating profit (loss) | 9901 | €2,615 | €4,214 | +€1,599 | +61.2% |
| Financial income | 75/76B | €359 | €208 | -€150 | -41.9% |
| Recurring financial income | 75 | €359 | €208 | -€150 | -41.9% |
| Financial charges | 65/66B | €733 | €710 | -€23 | -3.1% |
| Recurring financial charges | 65 | €733 | €710 | -€23 | -3.1% |
| Profit (loss) for the period before taxes | 9903 | €2,240 | €3,712 | +€1,472 | +65.7% |
| Income taxes | 67/77 | €1,033 | €1,998 | +€965 | +93.3% |
| Profit (loss) for the period | 9904 | €1,207 | €1,714 | +€507 | +42.0% |
| Profit (loss) for the period to be appropriated | 9905 | €1,207 | €1,714 | +€507 | +42.0% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.