ELESTATE: 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.
ELESTATE
Largest movements
- Receivables within one year +€11,114
up €11,114 (+1,284%), from €866 to €11,979
of which Other amounts receivable: +€11,114
- Cash -€4,354
down €4,354 (-18.0%), from €24,192 to €19,838
mainly Receivables within one year (-€11,114) and Trade debts (-€9,274)
- Tangible fixed assets -€467
down €467 (-33.9%), from €1,376 to €909
- Reserves +€20,000
new in 2025: €20,000
- Trade debts -€9,274
down €9,274 (-96.1%), from €9,648 to €374
- Profit (loss) carried forward -€5,997
down €5,997 (-82.7%), from €7,250 to €1,252
- Other debts +€1,564
up €1,564 (+23.9%), from €6,536 to €8,100
- Financial charges -€41,187
down €41,187 (-98.2%), from €41,943 to €756
- Gross operating margin -€4,006
down €4,006 (-19.7%), from €20,381 to €16,375
- Other operating charges +€807
up €807 (+162%), from €499 to €1,306
- Depreciation +€467
new in 2025: €467
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 | €26,434 | €32,726 | +€6,292 | +23.8% |
| Fixed assets | 21/28 | €1,376 | €909 | -€467 | -33.9% |
| Tangible fixed assets | 22/27 | €1,376 | €909 | -€467 | -33.9% |
| Furniture and vehicles | 24 | €1,376 | €909 | -€467 | -33.9% |
| Current assets | 29/58 | €25,058 | €31,817 | +€6,759 | +27.0% |
| Amounts receivable within one year | 40/41 | €866 | €11,979 | +€11,114 | +1,284% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €866 | €11,979 | +€11,114 | +1,284% |
| Cash at bank and in hand | 54/58 | €24,192 | €19,838 | -€4,354 | -18.0% |
| Total equity and liabilities | 10/49 | €26,434 | €32,726 | +€6,292 | +23.8% |
| Equity | 10/15 | €10,250 | €24,252 | +€14,003 | +137% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | - | €20,000 | +€20,000 | |
| Distributable reserves | 133 | - | €20,000 | +€20,000 | |
| Profit (loss) carried forward | 14 | €7,250 | €1,252 | -€5,997 | -82.7% |
| Amounts payable | 17/49 | €16,184 | €8,474 | -€7,710 | -47.6% |
| Amounts payable within one year | 42/48 | €16,184 | €8,474 | -€7,710 | -47.6% |
| Trade debts | 44 | €9,648 | €374 | -€9,274 | -96.1% |
| Suppliers | 440/4 | €9,648 | €374 | -€9,274 | -96.1% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €6,536 | €8,100 | +€1,564 | +23.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €467 | +€467 | |
| Other operating charges | 640/8 | €499 | €1,306 | +€807 | +162% |
| Gross operating margin | 9900 | €20,381 | €16,375 | -€4,006 | -19.7% |
| Operating profit (loss) | 9901 | €19,882 | €14,602 | -€5,280 | -26.6% |
| Financial income | 75/76B | - | €157 | +€157 | |
| Recurring financial income | 75 | - | €157 | +€157 | |
| Financial charges | 65/66B | €41,943 | €756 | -€41,187 | -98.2% |
| Recurring financial charges | 65 | €41,943 | €756 | -€41,187 | -98.2% |
| Profit (loss) for the period before taxes | 9903 | -€22,062 | €14,003 | +€36,064 | |
| Profit (loss) for the period | 9904 | -€22,062 | €14,003 | +€36,064 | |
| Profit (loss) for the period to be appropriated | 9905 | -€22,062 | €14,003 | +€36,064 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.