Elexo: 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.
Elexo
Largest movements
- Stocks and contracts +€132,321
up €132,321 (+364.3%), from €36,324 to €168,645
- Receivables within one year +€129,939
up €129,939 (+62.2%), from €208,927 to €338,866
of which Trade receivables: +€135,527
- Cash -€51,783
down €51,783 (-100.0%), from €51,785 to €2
mainly Stocks and contracts (-€132,321) and Receivables within one year (-€129,939)
- Tangible fixed assets +€13,158
up €13,158 (+23.9%), from €55,158 to €68,316
of which Furniture and vehicles: +€9,952
- Deferred charges and accrued income +€9,166
up €9,166, from €0 to €9,166
- Other debts +€96,883
up €96,883 (+3583.6%), from €2,703 to €99,587
- Trade debts +€74,472
up €74,472 (+43.5%), from €171,294 to €245,766
- Short-term financial debts +€48,602
new in 2025: €48,602
- Debts after one year +€27,236
new in 2025: €27,236
- Accrued charges and deferred income -€26,999
down €26,999 (-79.2%), from €34,097 to €7,098
- Staff costs +€63,657
up €63,657 (+30.0%), from €211,981 to €275,638
- Gross operating margin -€29,201
down €29,201 (-8.5%), from €342,755 to €313,554
- Taxes -€21,552
down €21,552 (-85.6%), from €25,175 to €3,622
- Depreciation +€9,925
up €9,925 (+146.6%), from €6,771 to €16,696
- Financial charges +€4,195
up €4,195 (+115.6%), from €3,628 to €7,822
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 | €361,704 | €594,505 | +€232,801 | +64.4% |
| Fixed assets | 21/28 | €64,668 | €77,825 | +€13,158 | +20.3% |
| Tangible fixed assets | 22/27 | €55,158 | €68,316 | +€13,158 | +23.9% |
| Plant, machinery and equipment | 23 | €3,371 | €7,475 | +€4,104 | +121.7% |
| Furniture and vehicles | 24 | €28,409 | €38,361 | +€9,952 | +35.0% |
| Other tangible fixed assets | 26 | €23,378 | €22,480 | -€898 | -3.8% |
| Financial fixed assets | 28 | €9,510 | €9,510 | = | 0.0% |
| Current assets | 29/58 | €297,036 | €516,679 | +€219,643 | +73.9% |
| Stocks and contracts in progress | 3 | €36,324 | €168,645 | +€132,321 | +364.3% |
| Stocks | 30/36 | €36,324 | €168,645 | +€132,321 | +364.3% |
| Amounts receivable within one year | 40/41 | €208,927 | €338,866 | +€129,939 | +62.2% |
| Trade receivables | 40 | €149,727 | €285,254 | +€135,527 | +90.5% |
| Other amounts receivable | 41 | €59,201 | €53,612 | -€5,588 | -9.4% |
| Cash at bank and in hand | 54/58 | €51,785 | €2 | -€51,783 | -100.0% |
| Deferred charges and accrued income | 490/1 | €0 | €9,166 | +€9,166 | |
| Total equity and liabilities | 10/49 | €361,704 | €594,505 | +€232,801 | +64.4% |
| Equity | 10/15 | €112,530 | €113,456 | +€926 | +0.8% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €110,030 | €110,956 | +€926 | +0.8% |
| Distributable reserves | 133 | €110,030 | €110,956 | +€926 | +0.8% |
| Amounts payable | 17/49 | €249,174 | €481,049 | +€231,875 | +93.1% |
| Amounts payable after more than one year | 17 | - | €27,236 | +€27,236 | |
| Financial debts | 170/4 | - | €27,236 | +€27,236 | |
| Amounts payable within one year | 42/48 | €215,077 | €446,714 | +€231,637 | +107.7% |
| Current portion of amounts payable after more than one year | 42 | - | €16,220 | +€16,220 | |
| Financial debts | 43 | - | €48,602 | +€48,602 | |
| Credit institutions | 430/8 | - | €48,602 | +€48,602 | |
| Trade debts | 44 | €171,294 | €245,766 | +€74,472 | +43.5% |
| Suppliers | 440/4 | €171,294 | €245,766 | +€74,472 | +43.5% |
| Taxes, remuneration and social security | 45 | €41,080 | €36,540 | -€4,540 | -11.1% |
| Taxes | 450/3 | €26,596 | €3,622 | -€22,974 | -86.4% |
| Remuneration and social security | 454/9 | €14,484 | €32,918 | +€18,434 | +127.3% |
| Other amounts payable | 47/48 | €2,703 | €99,587 | +€96,883 | +3583.6% |
| Accrued charges and deferred income | 492/3 | €34,097 | €7,098 | -€26,999 | -79.2% |
| Remuneration, social security and pensions | 62 | €211,981 | €275,638 | +€63,657 | +30.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,771 | €16,696 | +€9,925 | +146.6% |
| Other operating charges | 640/8 | €8,888 | €8,852 | -€36 | -0.4% |
| Gross operating margin | 9900 | €342,755 | €313,554 | -€29,201 | -8.5% |
| Operating profit (loss) | 9901 | €115,116 | €12,368 | -€102,748 | -89.3% |
| Financial income | 75/76B | €2,357 | €2 | -€2,355 | -99.9% |
| Recurring financial income | 75 | €2,357 | €2 | -€2,355 | -99.9% |
| Financial charges | 65/66B | €3,628 | €7,822 | +€4,195 | +115.6% |
| Recurring financial charges | 65 | €3,628 | €7,822 | +€4,195 | +115.6% |
| Profit (loss) for the period before taxes | 9903 | €113,845 | €4,548 | -€109,297 | -96.0% |
| Income taxes | 67/77 | €25,175 | €3,622 | -€21,552 | -85.6% |
| Profit (loss) for the period | 9904 | €88,671 | €926 | -€87,745 | -99.0% |
| Profit (loss) for the period to be appropriated | 9905 | €88,671 | €926 | -€87,745 | -99.0% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.