ELECTRO LOGISTICS GROUP: 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.
ELECTRO LOGISTICS GROUP
Largest movements
- Cash -€707,444
down €707,444 (-92.6%), from €763,720 to €56,276
mainly Trade debts (-€491,597) and Receivables within one year (-€280,791)
- Receivables within one year +€280,791
up €280,791 (+42.5%), from €660,118 to €940,910
of which Trade receivables: +€268,265
- Tangible fixed assets -€109,095
down €109,095 (-52.3%), from €208,493 to €99,397
of which Leasing and similar rights: -€93,460
- Trade debts -€491,597
down €491,597 (-47.2%), from €1.0m to €550,421
- Debts after one year -€74,156
down €74,156 (-80.9%), from €91,674 to €17,518
- Profit (loss) carried forward +€67,593
up €67,593 (+160%), from €42,170 to €109,763
- Current portion of long-term debt -€20,603
down €20,603 (-21.7%), from €94,759 to €74,156
- Staff costs -€258,162
down €258,162 (-40.6%), from €636,311 to €378,149
- Gross operating margin -€165,616
down €165,616 (-21.7%), from €763,345 to €597,729
- Depreciation -€36,528
down €36,528 (-25.3%), from €144,381 to €107,854
- Taxes +€19,774
up €19,774 (+187%), from €10,557 to €30,331
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,654,930 | €1,121,182 | -€533,747 | -32.3% |
| Fixed assets | 21/28 | €215,491 | €103,003 | -€112,488 | -52.2% |
| Intangible fixed assets | 21 | €6,999 | €3,606 | -€3,393 | -48.5% |
| Tangible fixed assets | 22/27 | €208,493 | €99,397 | -€109,095 | -52.3% |
| Plant, machinery and equipment | 23 | €11,544 | €5,033 | -€6,511 | -56.4% |
| Furniture and vehicles | 24 | €11,304 | €2,180 | -€9,125 | -80.7% |
| Leasing and similar rights | 25 | €185,644 | €92,185 | -€93,460 | -50.3% |
| Current assets | 29/58 | €1,439,438 | €1,018,179 | -€421,259 | -29.3% |
| Stocks and contracts in progress | 3 | - | €2,924 | +€2,924 | |
| Stocks | 30/36 | - | €2,924 | +€2,924 | |
| Amounts receivable within one year | 40/41 | €660,118 | €940,910 | +€280,791 | +42.5% |
| Trade receivables | 40 | €624,583 | €892,848 | +€268,265 | +43.0% |
| Other amounts receivable | 41 | €35,536 | €48,062 | +€12,526 | +35.3% |
| Cash at bank and in hand | 54/58 | €763,720 | €56,276 | -€707,444 | -92.6% |
| Deferred charges and accrued income | 490/1 | €15,600 | €18,069 | +€2,470 | +15.8% |
| Total equity and liabilities | 10/49 | €1,654,930 | €1,121,182 | -€533,747 | -32.3% |
| Equity | 10/15 | €325,230 | €392,823 | +€67,593 | +20.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €276,860 | €276,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €0 | - | = | |
| Distributable reserves | 133 | €275,000 | €275,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €42,170 | €109,763 | +€67,593 | +160% |
| Amounts payable | 17/49 | €1,329,700 | €728,360 | -€601,340 | -45.2% |
| Amounts payable after more than one year | 17 | €91,674 | €17,518 | -€74,156 | -80.9% |
| Financial debts | 170/4 | €91,674 | €17,518 | -€74,156 | -80.9% |
| Amounts payable within one year | 42/48 | €1,237,606 | €710,842 | -€526,764 | -42.6% |
| Current portion of amounts payable after more than one year | 42 | €94,759 | €74,156 | -€20,603 | -21.7% |
| Trade debts | 44 | €1,042,018 | €550,421 | -€491,597 | -47.2% |
| Suppliers | 440/4 | €1,042,018 | €550,421 | -€491,597 | -47.2% |
| Advances received on contracts in progress | 46 | - | €1,924 | +€1,924 | |
| Taxes, remuneration and social security | 45 | €100,828 | €84,340 | -€16,488 | -16.4% |
| Taxes | 450/3 | €27,460 | €52,773 | +€25,313 | +92.2% |
| Remuneration and social security | 454/9 | €73,369 | €31,567 | -€41,802 | -57.0% |
| Accrued charges and deferred income | 492/3 | €420 | €0 | -€420 | -100% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €636,311 | €378,149 | -€258,162 | -40.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €144,381 | €107,854 | -€36,528 | -25.3% |
| Other operating charges | 640/8 | €7,063 | €10,152 | +€3,089 | +43.7% |
| Gross operating margin | 9900 | €763,345 | €597,729 | -€165,616 | -21.7% |
| Operating profit (loss) | 9901 | -€24,410 | €101,574 | +€125,985 | |
| Financial income | 75/76B | - | €17 | +€17 | |
| Recurring financial income | 75 | - | €17 | +€17 | |
| Financial charges | 65/66B | €4,422 | €3,668 | -€754 | -17.1% |
| Recurring financial charges | 65 | €4,422 | €3,668 | -€754 | -17.1% |
| Profit (loss) for the period before taxes | 9903 | -€28,832 | €97,924 | +€126,756 | |
| Income taxes | 67/77 | €10,557 | €30,331 | +€19,774 | +187% |
| Profit (loss) for the period | 9904 | -€39,389 | €67,593 | +€106,982 | |
| Transfer from tax-exempt reserves | 789 | €40,000 | €0 | -€40,000 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | €611 | €67,593 | +€66,982 | +10,962% |
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 16 October 2026 via checked.be.