ELESCO: 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.
ELESCO
Largest movements
- Receivables within one year -€39,329
down €39,329 (-41.0%), from €95,951 to €56,622
of which Other amounts receivable: -€61,025
- Trade debts -€24,559
down €24,559 (-85.7%), from €28,658 to €4,099
- Other debts -€17,178
down €17,178 (-8.3%), from €206,188 to €189,010
- Gross operating margin -€157,126
down €157,126 (-95.7%), from €164,204 to €7,077
- Taxes -€22,024
no longer reported in 2025 (was €22,024)
- Other operating charges -€18,824
down €18,824 (-93.0%), from €20,244 to €1,420
- Financial income -€2,196
no longer reported in 2025 (was €2,196)
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 | €454,800 | €409,969 | -€44,831 | -9.9% |
| Fixed assets | 21/28 | €352,796 | €348,531 | -€4,265 | -1.2% |
| Tangible fixed assets | 22/27 | €77,581 | €75,315 | -€2,265 | -2.9% |
| Land and buildings | 22 | €62,976 | €61,712 | -€1,264 | -2.0% |
| Plant, machinery and equipment | 23 | €14,605 | €13,604 | -€1,001 | -6.9% |
| Financial fixed assets | 28 | €275,215 | €273,215 | -€2,000 | -0.7% |
| Current assets | 29/58 | €102,003 | €61,438 | -€40,565 | -39.8% |
| Stocks and contracts in progress | 3 | €3,336 | - | -€3,336 | |
| Stocks | 30/36 | €3,336 | - | -€3,336 | |
| Amounts receivable within one year | 40/41 | €95,951 | €56,622 | -€39,329 | -41.0% |
| Trade receivables | 40 | €4,164 | €25,860 | +€21,696 | +521.0% |
| Other amounts receivable | 41 | €91,787 | €30,762 | -€61,025 | -66.5% |
| Cash at bank and in hand | 54/58 | €1,297 | €4,816 | +€3,520 | +271.5% |
| Deferred charges and accrued income | 490/1 | €1,420 | - | -€1,420 | |
| Total equity and liabilities | 10/49 | €454,800 | €409,969 | -€44,831 | -9.9% |
| Equity | 10/15 | €139,590 | €136,631 | -€2,959 | -2.1% |
| Contributions | 10/11 | €125,000 | €125,000 | = | 0.0% |
| Capital | 10 | €125,000 | €125,000 | = | 0.0% |
| Issued capital | 100 | €125,000 | €125,000 | = | 0.0% |
| Reserves | 13 | €12,500 | €12,500 | = | 0.0% |
| Non-distributable reserves | 130/1 | €12,500 | €12,500 | = | 0.0% |
| Legal reserve | 130 | €12,500 | €12,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,090 | -€869 | -€2,959 | |
| Provisions and deferred taxes | 16 | €80,000 | €80,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €80,000 | €80,000 | = | 0.0% |
| Other liabilities and charges | 164/5 | €80,000 | €80,000 | = | 0.0% |
| Amounts payable | 17/49 | €235,209 | €193,337 | -€41,872 | -17.8% |
| Amounts payable within one year | 42/48 | €235,209 | €193,337 | -€41,872 | -17.8% |
| Trade debts | 44 | €28,658 | €4,099 | -€24,559 | -85.7% |
| Suppliers | 440/4 | €28,658 | €4,099 | -€24,559 | -85.7% |
| Taxes, remuneration and social security | 45 | €363 | €228 | -€135 | -37.3% |
| Taxes | 450/3 | €363 | €228 | -€135 | -37.3% |
| Other amounts payable | 47/48 | €206,188 | €189,010 | -€17,178 | -8.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,717 | €6,803 | +€86 | +1.3% |
| Other operating charges | 640/8 | €20,244 | €1,420 | -€18,824 | -93.0% |
| Gross operating margin | 9900 | €164,204 | €7,077 | -€157,126 | -95.7% |
| Operating profit (loss) | 9901 | €137,242 | -€1,146 | -€138,388 | |
| Financial income | 75/76B | €2,196 | - | -€2,196 | |
| Recurring financial income | 75 | €2,196 | - | -€2,196 | |
| Financial charges | 65/66B | €2,011 | €1,813 | -€199 | -9.9% |
| Recurring financial charges | 65 | €2,011 | €1,813 | -€199 | -9.9% |
| Profit (loss) for the period before taxes | 9903 | €137,427 | -€2,959 | -€140,385 | |
| Income taxes | 67/77 | €22,024 | - | -€22,024 | |
| Profit (loss) for the period | 9904 | €115,403 | -€2,959 | -€118,361 | |
| Profit (loss) for the period to be appropriated | 9905 | €115,403 | -€2,959 | -€118,361 |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.