ELGEBO: 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.
ELGEBO
Largest movements
- Receivables within one year +€30,174
up €30,174 (+616%), from €4,901 to €35,075
of which Trade receivables: +€29,322
- Tangible fixed assets +€4,864
new in 2025: €4,864
- Deferred charges and accrued income -€750
down €750 (-36.1%), from €2,081 to €1,330
- Other debts +€42,154
up €42,154 (+247%), from €17,035 to €59,189
- Profit (loss) carried forward -€10,604
down €10,604 (-10.5%), from -€101,384 to -€111,989
- Short-term financial debts +€6,584
up €6,584 (+52.4%), from €12,554 to €19,138
- Trade debts -€3,280
down €3,280 (-73.1%), from €4,485 to €1,204
- Tax, wage and social debts -€589
down €589 (-40.8%), from €1,444 to €855
- Gross operating margin -€12,830
down €12,830, from €7,030 to -€5,800
- Financial charges -€820
down €820 (-19.5%), from €4,194 to €3,374
- Depreciation +€379
up €379, from €0 to €379
- Other operating charges -€153
down €153 (-12.7%), from €1,204 to €1,051
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,006 | €41,269 | +€34,264 | +489% |
| Fixed assets | 21/28 | - | €4,864 | +€4,864 | |
| Tangible fixed assets | 22/27 | - | €4,864 | +€4,864 | |
| Furniture and vehicles | 24 | - | €4,864 | +€4,864 | |
| Current assets | 29/58 | €7,006 | €36,405 | +€29,399 | +420% |
| Amounts receivable within one year | 40/41 | €4,901 | €35,075 | +€30,174 | +616% |
| Trade receivables | 40 | €4,901 | €34,223 | +€29,322 | +598% |
| Other amounts receivable | 41 | €0 | €852 | +€852 | |
| Current investments | 50/53 | €24 | €0 | -€24 | -100% |
| Deferred charges and accrued income | 490/1 | €2,081 | €1,330 | -€750 | -36.1% |
| Total equity and liabilities | 10/49 | €7,006 | €41,269 | +€34,264 | +489% |
| Equity | 10/15 | -€28,513 | -€39,117 | -€10,604 | -37.2% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €10,871 | €10,871 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Legal reserve | 130 | €6,197 | €6,197 | = | 0.0% |
| Distributable reserves | 133 | €4,674 | €4,674 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€101,384 | -€111,989 | -€10,604 | -10.5% |
| Amounts payable | 17/49 | €35,519 | €80,387 | +€44,868 | +126% |
| Amounts payable within one year | 42/48 | €35,519 | €80,387 | +€44,868 | +126% |
| Financial debts | 43 | €12,554 | €19,138 | +€6,584 | +52.4% |
| Credit institutions | 430/8 | €12,554 | €19,138 | +€6,584 | +52.4% |
| Trade debts | 44 | €4,485 | €1,204 | -€3,280 | -73.1% |
| Suppliers | 440/4 | €4,485 | €1,204 | -€3,280 | -73.1% |
| Taxes, remuneration and social security | 45 | €1,444 | €855 | -€589 | -40.8% |
| Taxes | 450/3 | €1,444 | €855 | -€589 | -40.8% |
| Other amounts payable | 47/48 | €17,035 | €59,189 | +€42,154 | +247% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | €379 | +€379 | |
| Other operating charges | 640/8 | €1,204 | €1,051 | -€153 | -12.7% |
| Gross operating margin | 9900 | €7,030 | -€5,800 | -€12,830 | |
| Operating profit (loss) | 9901 | €5,826 | -€7,230 | -€13,056 | |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €4,194 | €3,374 | -€820 | -19.5% |
| Recurring financial charges | 65 | €4,194 | €3,374 | -€820 | -19.5% |
| Profit (loss) for the period before taxes | 9903 | €1,632 | -€10,604 | -€12,237 | |
| Profit (loss) for the period | 9904 | €1,632 | -€10,604 | -€12,237 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,632 | -€10,604 | -€12,237 |
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 21 October 2026 via checked.be.