ELEXAN: 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.
ELEXAN
Largest movements
- Cash -€7,238
down €7,238 (-85.4%), from €8,479 to €1,241
mainly Receivables within one year (-€6,578) and Tax, wage and social debts (-€2,651)
- Receivables within one year +€6,578
up €6,578 (+3.3%), from €199,553 to €206,131
- Tax, wage and social debts -€2,651
down €2,651 (-28.6%), from €9,283 to €6,632
- Gross operating margin -€21,921
down €21,921 (-75.9%), from €28,893 to €6,972
- Staff costs -€6,636
down €6,636 (-74.5%), from €8,912 to €2,276
- Taxes -€3,302
down €3,302 (-84.9%), from €3,890 to €588
- Financial charges +€932
up €932 (+215.2%), from €433 to €1,365
- Other operating charges -€446
down €446 (-48.7%), from €916 to €470
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 | €208,317 | €208,517 | +€200 | +0.1% |
| Fixed assets | 21/28 | €285 | - | -€285 | |
| Tangible fixed assets | 22/27 | €285 | - | -€285 | |
| Plant, machinery and equipment | 23 | €1 | - | -€1 | |
| Furniture and vehicles | 24 | €284 | - | -€284 | |
| Current assets | 29/58 | €208,032 | €208,517 | +€485 | +0.2% |
| Stocks and contracts in progress | 3 | - | €1,145 | +€1,145 | |
| Stocks | 30/36 | - | €1,145 | +€1,145 | |
| Amounts receivable within one year | 40/41 | €199,553 | €206,131 | +€6,578 | +3.3% |
| Other amounts receivable | 41 | €199,553 | €206,131 | +€6,578 | +3.3% |
| Cash at bank and in hand | 54/58 | €8,479 | €1,241 | -€7,238 | -85.4% |
| Total equity and liabilities | 10/49 | €208,317 | €208,517 | +€200 | +0.1% |
| Equity | 10/15 | €172,428 | €175,937 | +€3,509 | +2.0% |
| Contributions | 10/11 | €18,850 | €20,370 | +€1,520 | +8.1% |
| Outside capital | 11 | €18,850 | €20,370 | +€1,520 | +8.1% |
| Other | 1109/19 | €18,850 | €20,370 | +€1,520 | +8.1% |
| Reserves | 13 | €1,860 | €1,860 | = | 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% |
| Profit (loss) carried forward | 14 | €151,718 | €153,707 | +€1,989 | +1.3% |
| Amounts payable | 17/49 | €35,889 | €32,580 | -€3,309 | -9.2% |
| Amounts payable after more than one year | 17 | €24,315 | €24,315 | = | 0.0% |
| Other amounts payable | 178/9 | €24,315 | €24,315 | = | 0.0% |
| Amounts payable within one year | 42/48 | €11,574 | €8,265 | -€3,309 | -28.6% |
| Trade debts | 44 | €2,291 | €1,633 | -€658 | -28.7% |
| Suppliers | 440/4 | €2,291 | €1,633 | -€658 | -28.7% |
| Taxes, remuneration and social security | 45 | €9,283 | €6,632 | -€2,651 | -28.6% |
| Taxes | 450/3 | €9,283 | €6,632 | -€2,651 | -28.6% |
| Remuneration, social security and pensions | 62 | €8,912 | €2,276 | -€6,636 | -74.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €694 | €284 | -€410 | -59.1% |
| Other operating charges | 640/8 | €916 | €470 | -€446 | -48.7% |
| Gross operating margin | 9900 | €28,893 | €6,972 | -€21,921 | -75.9% |
| Operating profit (loss) | 9901 | €18,371 | €3,942 | -€14,429 | -78.5% |
| Financial charges | 65/66B | €433 | €1,365 | +€932 | +215.2% |
| Recurring financial charges | 65 | €433 | €1,365 | +€932 | +215.2% |
| Profit (loss) for the period before taxes | 9903 | €17,938 | €2,577 | -€15,361 | -85.6% |
| Income taxes | 67/77 | €3,890 | €588 | -€3,302 | -84.9% |
| Profit (loss) for the period | 9904 | €14,048 | €1,989 | -€12,059 | -85.8% |
| Profit (loss) for the period to be appropriated | 9905 | €14,048 | €1,989 | -€12,059 | -85.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.