ELEGNANO: 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.
ELEGNANO
Largest movements
- Cash +€7,221
up €7,221 (+15.4%), from €46,819 to €54,040
mainly Other debts (+€65,658) and Net result for the year (+€15,444)
- Receivables within one year -€2,770
down €2,770 (-32.4%), from €8,550 to €5,780
of which Trade receivables: -€3,411
- Stocks and contracts -€2,607
down €2,607 (-3.9%), from €66,355 to €63,748
- Current investments -€1,971
down €1,971 (-86.7%), from €2,273 to €302
- Tax, wage and social debts -€80,930
down €80,930 (-88.0%), from €92,000 to €11,070
of which Remuneration and social security: -€81,000
- Other debts +€65,658
up €65,658 (+312%), from €21,022 to €86,680
- Profit (loss) carried forward +€7,948
no longer reported in 2025 (was -€7,948)
- Reserves +€7,496
new in 2025: €7,496
- Financial charges +€6,212
up €6,212 (+4,789%), from €130 to €6,342
- Gross operating margin +€6,054
up €6,054 (+34.3%), from €17,636 to €23,691
- Financial income -€2,242
down €2,242 (-73.9%), from €3,033 to €791
- Taxes +€2,012
new in 2025: €2,012
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 | €124,930 | €124,523 | -€408 | -0.3% |
| Fixed assets | 21/28 | €794 | €510 | -€284 | -35.7% |
| Tangible fixed assets | 22/27 | €794 | €510 | -€284 | -35.7% |
| Plant, machinery and equipment | 23 | €794 | €510 | -€284 | -35.7% |
| Current assets | 29/58 | €124,136 | €124,012 | -€124 | -0.1% |
| Stocks and contracts in progress | 3 | €66,355 | €63,748 | -€2,607 | -3.9% |
| Stocks | 30/36 | €66,355 | €63,748 | -€2,607 | -3.9% |
| Amounts receivable within one year | 40/41 | €8,550 | €5,780 | -€2,770 | -32.4% |
| Trade receivables | 40 | €8,201 | €4,791 | -€3,411 | -41.6% |
| Other amounts receivable | 41 | €349 | €990 | +€641 | +184% |
| Current investments | 50/53 | €2,273 | €302 | -€1,971 | -86.7% |
| Cash at bank and in hand | 54/58 | €46,819 | €54,040 | +€7,221 | +15.4% |
| Deferred charges and accrued income | 490/1 | €140 | €143 | +€3 | +2.0% |
| Total equity and liabilities | 10/49 | €124,930 | €124,523 | -€408 | -0.3% |
| Equity | 10/15 | €10,652 | €26,096 | +€15,444 | +145% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | - | €7,496 | +€7,496 | |
| Distributable reserves | 133 | - | €7,496 | +€7,496 | |
| Profit (loss) carried forward | 14 | -€7,948 | - | +€7,948 | |
| Amounts payable | 17/49 | €114,278 | €98,426 | -€15,852 | -13.9% |
| Amounts payable within one year | 42/48 | €114,278 | €98,426 | -€15,852 | -13.9% |
| Trade debts | 44 | €1,256 | €677 | -€579 | -46.1% |
| Suppliers | 440/4 | €1,256 | €677 | -€579 | -46.1% |
| Taxes, remuneration and social security | 45 | €92,000 | €11,070 | -€80,930 | -88.0% |
| Taxes | 450/3 | - | €70 | +€70 | |
| Remuneration and social security | 454/9 | €92,000 | €11,000 | -€81,000 | -88.0% |
| Other amounts payable | 47/48 | €21,022 | €86,680 | +€65,658 | +312% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €111 | €284 | +€173 | +156% |
| Other operating charges | 640/8 | €391 | €400 | +€9 | +2.2% |
| Gross operating margin | 9900 | €17,636 | €23,691 | +€6,054 | +34.3% |
| Operating profit (loss) | 9901 | €17,134 | €23,007 | +€5,873 | +34.3% |
| Financial income | 75/76B | €3,033 | €791 | -€2,242 | -73.9% |
| Recurring financial income | 75 | €3,033 | €791 | -€2,242 | -73.9% |
| Financial charges | 65/66B | €130 | €6,342 | +€6,212 | +4,789% |
| Recurring financial charges | 65 | €130 | €6,342 | +€6,212 | +4,789% |
| Profit (loss) for the period before taxes | 9903 | €20,038 | €17,457 | -€2,581 | -12.9% |
| Income taxes | 67/77 | - | €2,012 | +€2,012 | |
| Profit (loss) for the period | 9904 | €20,038 | €15,444 | -€4,593 | -22.9% |
| Profit (loss) for the period to be appropriated | 9905 | €20,038 | €15,444 | -€4,593 | -22.9% |
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 17 October 2026 via checked.be.