ELEK+: 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.
ELEK+
Largest movements
- Receivables within one year +€39,786
up €39,786 (+109%), from €36,358 to €76,144
of which Trade receivables: +€31,812
- Cash -€8,054
down €8,054 (-51.9%), from €15,530 to €7,476
mainly Receivables within one year (-€39,786) and Contributions, distributions and other (-€22,000)
- Deferred charges and accrued income -€2,655
down €2,655 (-37.2%), from €7,145 to €4,490
- Tangible fixed assets -€1,849
down €1,849 (-17.3%), from €10,681 to €8,832
of which Plant, machinery and equipment: -€988
- Trade debts +€14,883
up €14,883 (+56.7%), from €26,228 to €41,111
- Tax, wage and social debts +€8,868
up €8,868 (+158%), from €5,622 to €14,491
- Profit (loss) carried forward -€5,219
down €5,219 (-14.8%), from €35,363 to €30,144
- Debts after one year +€4,572
new in 2025: €4,572
- Current portion of long-term debt +€3,659
new in 2025: €3,659
- Gross operating margin -€2,594
down €2,594 (-9.3%), from €27,926 to €25,333
- Write-downs -€2,400
no longer reported in 2025 (was €2,400)
- Other operating charges +€930
up €930 (+1,329%), from €70 to €1,000
- Financial income +€776
up €776 (+446%), from €174 to €949
- Depreciation +€430
up €430 (+30.3%), from €1,419 to €1,849
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 | €69,714 | €96,942 | +€27,228 | +39.1% |
| Fixed assets | 21/28 | €10,681 | €8,832 | -€1,849 | -17.3% |
| Tangible fixed assets | 22/27 | €10,681 | €8,832 | -€1,849 | -17.3% |
| Plant, machinery and equipment | 23 | €2,503 | €1,515 | -€988 | -39.5% |
| Other tangible fixed assets | 26 | €8,178 | €7,317 | -€861 | -10.5% |
| Current assets | 29/58 | €59,033 | €88,110 | +€29,077 | +49.3% |
| Amounts receivable within one year | 40/41 | €36,358 | €76,144 | +€39,786 | +109% |
| Trade receivables | 40 | €35,355 | €67,167 | +€31,812 | +90.0% |
| Other amounts receivable | 41 | €1,003 | €8,977 | +€7,974 | +795% |
| Cash at bank and in hand | 54/58 | €15,530 | €7,476 | -€8,054 | -51.9% |
| Deferred charges and accrued income | 490/1 | €7,145 | €4,490 | -€2,655 | -37.2% |
| Total equity and liabilities | 10/49 | €69,714 | €96,942 | +€27,228 | +39.1% |
| Equity | 10/15 | €37,863 | €32,644 | -€5,219 | -13.8% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €35,363 | €30,144 | -€5,219 | -14.8% |
| Amounts payable | 17/49 | €31,851 | €64,298 | +€32,448 | +102% |
| Amounts payable after more than one year | 17 | - | €4,572 | +€4,572 | |
| Financial debts | 170/4 | - | €4,572 | +€4,572 | |
| Amounts payable within one year | 42/48 | €31,851 | €59,726 | +€27,876 | +87.5% |
| Current portion of amounts payable after more than one year | 42 | - | €3,659 | +€3,659 | |
| Trade debts | 44 | €26,228 | €41,111 | +€14,883 | +56.7% |
| Suppliers | 440/4 | €26,228 | €41,111 | +€14,883 | +56.7% |
| Taxes, remuneration and social security | 45 | €5,622 | €14,491 | +€8,868 | +158% |
| Taxes | 450/3 | €5,622 | €14,491 | +€8,868 | +158% |
| Other amounts payable | 47/48 | - | €465 | +€465 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,419 | €1,849 | +€430 | +30.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €2,400 | - | -€2,400 | |
| Other operating charges | 640/8 | €70 | €1,000 | +€930 | +1,329% |
| Gross operating margin | 9900 | €27,926 | €25,333 | -€2,594 | -9.3% |
| Operating profit (loss) | 9901 | €24,037 | €22,484 | -€1,553 | -6.5% |
| Financial income | 75/76B | €174 | €949 | +€776 | +446% |
| Recurring financial income | 75 | €174 | €949 | +€776 | +446% |
| Financial charges | 65/66B | €1,118 | €1,084 | -€34 | -3.1% |
| Recurring financial charges | 65 | €1,118 | €1,084 | -€34 | -3.1% |
| Profit (loss) for the period before taxes | 9903 | €23,092 | €22,349 | -€743 | -3.2% |
| Income taxes | 67/77 | €5,622 | €5,568 | -€54 | -1.0% |
| Profit (loss) for the period | 9904 | €17,470 | €16,781 | -€689 | -3.9% |
| Profit (loss) for the period to be appropriated | 9905 | €17,470 | €16,781 | -€689 | -3.9% |
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 31 October 2026 via checked.be.