ELGI: 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.
ELGI
Largest movements
- Current investments +€21,341
up €21,341 (+17.1%), from €125,011 to €146,352
- Receivables within one year -€14,287
down €14,287 (-91.4%), from €15,637 to €1,350
of which Trade receivables: -€13,287
- Trade debts +€13,107
up €13,107 (+1049.5%), from €1,249 to €14,356
- Tax, wage and social debts -€5,657
no longer reported in 2025 (was €5,657)
- Gross operating margin -€16,974
down €16,974 (-73.2%), from €23,187 to €6,213
- Financial charges +€3,659
up €3,659 (+609.8%), from €600 to €4,259
- Financial income -€1,175
down €1,175 (-35.6%), from €3,300 to €2,125
- Taxes +€997
up €997 (+24.9%), from €4,001 to €4,998
- Depreciation -€541
down €541 (-100.0%), from €541 to €0
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 | €168,040 | €174,427 | +€6,387 | +3.8% |
| Fixed assets | 21/28 | €297 | €297 | = | 0.0% |
| Financial fixed assets | 28 | €297 | €297 | = | 0.0% |
| Current assets | 29/58 | €167,743 | €174,130 | +€6,387 | +3.8% |
| Amounts receivable within one year | 40/41 | €15,637 | €1,350 | -€14,287 | -91.4% |
| Trade receivables | 40 | €13,287 | €0 | -€13,287 | -100.0% |
| Other amounts receivable | 41 | €2,350 | €1,350 | -€1,000 | -42.6% |
| Current investments | 50/53 | €125,011 | €146,352 | +€21,341 | +17.1% |
| Cash at bank and in hand | 54/58 | €27,095 | €26,428 | -€667 | -2.5% |
| Total equity and liabilities | 10/49 | €168,040 | €174,427 | +€6,387 | +3.8% |
| Equity | 10/15 | €161,134 | €160,070 | -€1,063 | -0.7% |
| Contributions | 10/11 | €61,911 | €61,911 | = | 0.0% |
| Capital | 10 | €61,911 | €61,911 | = | 0.0% |
| Issued capital | 100 | €61,911 | €61,911 | = | 0.0% |
| Reserves | 13 | €52,227 | €52,227 | = | 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 | €46,030 | €46,030 | = | 0.0% |
| Profit (loss) carried forward | 14 | €46,995 | €45,932 | -€1,063 | -2.3% |
| Amounts payable | 17/49 | €6,906 | €14,356 | +€7,450 | +107.9% |
| Amounts payable within one year | 42/48 | €6,906 | €14,356 | +€7,450 | +107.9% |
| Trade debts | 44 | €1,249 | €14,356 | +€13,107 | +1049.5% |
| Suppliers | 440/4 | €1,249 | €14,356 | +€13,107 | +1049.5% |
| Taxes, remuneration and social security | 45 | €5,657 | - | -€5,657 | |
| Taxes | 450/3 | €5,657 | - | -€5,657 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €541 | €0 | -€541 | -100.0% |
| Other operating charges | 640/8 | €135 | €145 | +€10 | +7.4% |
| Gross operating margin | 9900 | €23,187 | €6,213 | -€16,974 | -73.2% |
| Operating profit (loss) | 9901 | €22,511 | €6,068 | -€16,443 | -73.0% |
| Financial income | 75/76B | €3,300 | €2,125 | -€1,175 | -35.6% |
| Recurring financial income | 75 | €3,300 | €2,125 | -€1,175 | -35.6% |
| Financial charges | 65/66B | €600 | €4,259 | +€3,659 | +609.8% |
| Recurring financial charges | 65 | €600 | €4,259 | +€3,659 | +609.8% |
| Profit (loss) for the period before taxes | 9903 | €25,211 | €3,934 | -€21,277 | -84.4% |
| Income taxes | 67/77 | €4,001 | €4,998 | +€997 | +24.9% |
| Profit (loss) for the period | 9904 | €21,210 | -€1,063 | -€22,273 | |
| Profit (loss) for the period to be appropriated | 9905 | €21,210 | -€1,063 | -€22,273 |
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 5 October 2026 via checked.be.