ELDO INVEST: 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.
What changed
ELDO INVEST
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€58,369
2024 · €29,230+€29,139
Equity
€408,148
2024 · €385,779+€22,369
Cash
€65,863
2024 · €66,214-€351
Balance sheet total
€1.5m
2024 · €1.6m-€104,374
Largest movements
Assets
- Tangible fixed assets -€97,576
down €97,576 (-6.5%), from €1.5m to €1.4m
Equity and liabilities
- Debts after one year -€119,677
down €119,677 (-12.3%), from €972,958 to €853,281
- Profit (loss) carried forward +€36,421
up €36,421 (+24.8%), from €146,786 to €183,207
Income statement
- Gross operating margin +€35,366
up €35,366 (+16.8%), from €210,929 to €246,295
- Taxes +€9,730
up €9,730 (+67.4%), from €14,427 to €24,157
- Financial charges -€4,835
down €4,835 (-12.9%), from €37,584 to €32,749
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.
Result 2024
€29,230
Gross operating margin
+€35,366
Other operating charges
-€1,027
Other operating items
-€50
Financial income
-€254
Financial charges
+€4,835
Taxes
-€9,730
Result 2025
€58,369
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
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.
From operations
+€151,075
Investment
€0
Financing
-€151,427
Cash 2024
€66,214
From operations (derived)
+€151,075
Net result for the year
+€58,369
Depreciation
+€97,576
Receivables within one year
+€5,979
Deferred charges and accrued income
+€469
Provisions
-€7,236
Trade debts
+€642
Other debts
-€584
Accrued charges and deferred income
-€4,139
Financing
-€151,427
Debts after one year
-€119,677
Current portion of long-term debt
+€4,250
Contributions, distributions and other
-€36,000
Cash 2025
€65,863
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,620,495 | €1,516,121 | -€104,374 | -6.4% |
| Fixed assets | 21/28 | €1,492,234 | €1,394,659 | -€97,576 | -6.5% |
| Tangible fixed assets | 22/27 | €1,492,234 | €1,394,659 | -€97,576 | -6.5% |
| Land and buildings | 22 | €1,492,234 | €1,394,659 | -€97,576 | -6.5% |
| Current assets | 29/58 | €128,261 | €121,462 | -€6,799 | -5.3% |
| Amounts receivable within one year | 40/41 | €59,968 | €53,989 | -€5,979 | -10.0% |
| Trade receivables | 40 | €12,500 | €12,515 | +€15 | +0.1% |
| Other amounts receivable | 41 | €47,468 | €41,475 | -€5,994 | -12.6% |
| Cash at bank and in hand | 54/58 | €66,214 | €65,863 | -€351 | -0.5% |
| Deferred charges and accrued income | 490/1 | €2,079 | €1,611 | -€469 | -22.5% |
| Total equity and liabilities | 10/49 | €1,620,495 | €1,516,121 | -€104,374 | -6.4% |
| Equity | 10/15 | €385,779 | €408,148 | +€22,369 | +5.8% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €176,993 | €162,941 | -€14,052 | -7.9% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €168,625 | €154,573 | -€14,052 | -8.3% |
| Distributable reserves | 133 | €2,168 | €2,168 | = | 0.0% |
| Profit (loss) carried forward | 14 | €146,786 | €183,207 | +€36,421 | +24.8% |
| Provisions and deferred taxes | 16 | €86,829 | €79,593 | -€7,236 | -8.3% |
| Deferred taxes | 168 | €86,829 | €79,593 | -€7,236 | -8.3% |
| Amounts payable | 17/49 | €1,147,887 | €1,028,380 | -€119,508 | -10.4% |
| Amounts payable after more than one year | 17 | €972,958 | €853,281 | -€119,677 | -12.3% |
| Financial debts | 170/4 | €972,958 | €853,281 | -€119,677 | -12.3% |
| Amounts payable within one year | 42/48 | €169,626 | €173,935 | +€4,308 | +2.5% |
| Current portion of amounts payable after more than one year | 42 | €115,427 | €119,677 | +€4,250 | +3.7% |
| Trade debts | 44 | €5,312 | €5,954 | +€642 | +12.1% |
| Suppliers | 440/4 | €5,312 | €5,954 | +€642 | +12.1% |
| Advances received on contracts in progress | 46 | €2,150 | €2,150 | = | 0.0% |
| Other amounts payable | 47/48 | €46,738 | €46,154 | -€584 | -1.2% |
| Accrued charges and deferred income | 492/3 | €5,303 | €1,164 | -€4,139 | -78.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €97,576 | €97,576 | = | 0.0% |
| Other operating charges | 640/8 | €39,636 | €40,663 | +€1,027 | +2.6% |
| Non-recurring operating charges | 66A | - | €50 | +€50 | |
| Gross operating margin | 9900 | €210,929 | €246,295 | +€35,366 | +16.8% |
| Operating profit (loss) | 9901 | €73,717 | €108,006 | +€34,289 | +46.5% |
| Financial income | 75/76B | €288 | €34 | -€254 | -88.3% |
| Recurring financial income | 75 | €288 | €34 | -€254 | -88.3% |
| Financial charges | 65/66B | €37,584 | €32,749 | -€4,835 | -12.9% |
| Recurring financial charges | 65 | €37,584 | €32,749 | -€4,835 | -12.9% |
| Profit (loss) for the period before taxes | 9903 | €36,422 | €75,291 | +€38,869 | +107% |
| Transfer from deferred taxes | 780 | €7,236 | €7,236 | = | 0.0% |
| Income taxes | 67/77 | €14,427 | €24,157 | +€9,730 | +67.4% |
| Profit (loss) for the period | 9904 | €29,230 | €58,369 | +€29,139 | +99.7% |
| Transfer from tax-exempt reserves | 789 | €14,052 | €14,052 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €43,282 | €72,421 | +€29,139 | +67.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.