ELGICO: 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.
ELGICO
Largest movements
- Cash +€23,528
up €23,528 (+486%), from €4,845 to €28,373
mainly Net result for the year (+€13,398) and Receivables within one year (+€7,448)
- Receivables within one year -€7,448
down €7,448 (-12.7%), from €58,693 to €51,245
of which Trade receivables: -€16,893
- Reserves +€13,398
up €13,398 (+40.7%), from €32,934 to €46,332
of which Distributable reserves: +€13,398
- Trade debts +€2,469
up €2,469 (+45.5%), from €5,425 to €7,894
- Gross operating margin -€20,046
down €20,046 (-51.6%), from €38,852 to €18,806
- Taxes -€6,184
down €6,184 (-49.0%), from €12,624 to €6,440
- Financial income +€552
up €552 (+34.0%), from €1,622 to €2,174
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 | €65,180 | €80,423 | +€15,243 | +23.4% |
| Fixed assets | 21/28 | €1,236 | €805 | -€431 | -34.9% |
| Tangible fixed assets | 22/27 | €691 | €435 | -€256 | -37.0% |
| Plant, machinery and equipment | 23 | €691 | €435 | -€256 | -37.0% |
| Financial fixed assets | 28 | €545 | €370 | -€175 | -32.1% |
| Current assets | 29/58 | €63,944 | €79,618 | +€15,674 | +24.5% |
| Amounts receivable within one year | 40/41 | €58,693 | €51,245 | -€7,448 | -12.7% |
| Trade receivables | 40 | €23,035 | €6,142 | -€16,893 | -73.3% |
| Other amounts receivable | 41 | €35,658 | €45,103 | +€9,445 | +26.5% |
| Cash at bank and in hand | 54/58 | €4,845 | €28,373 | +€23,528 | +486% |
| Deferred charges and accrued income | 490/1 | €406 | - | -€406 | |
| Total equity and liabilities | 10/49 | €65,180 | €80,423 | +€15,243 | +23.4% |
| Equity | 10/15 | €59,131 | €72,529 | +€13,398 | +22.7% |
| Contributions | 10/11 | €14,467 | €14,467 | = | 0.0% |
| Reserves | 13 | €32,934 | €46,332 | +€13,398 | +40.7% |
| Tax-exempt reserves | 132 | €674 | €674 | = | 0.0% |
| Distributable reserves | 133 | €32,260 | €45,658 | +€13,398 | +41.5% |
| Profit (loss) carried forward | 14 | €11,730 | €11,730 | = | 0.0% |
| Amounts payable | 17/49 | €6,049 | €7,894 | +€1,845 | +30.5% |
| Amounts payable within one year | 42/48 | €6,049 | €7,894 | +€1,845 | +30.5% |
| Trade debts | 44 | €5,425 | €7,894 | +€2,469 | +45.5% |
| Suppliers | 440/4 | €5,425 | €7,894 | +€2,469 | +45.5% |
| Taxes, remuneration and social security | 45 | €624 | - | -€624 | |
| Taxes | 450/3 | €624 | - | -€624 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €257 | €256 | -€1 | -0.4% |
| Other operating charges | 640/8 | €525 | €532 | +€7 | +1.3% |
| Gross operating margin | 9900 | €38,852 | €18,806 | -€20,046 | -51.6% |
| Operating profit (loss) | 9901 | €38,070 | €18,018 | -€20,052 | -52.7% |
| Financial income | 75/76B | €1,622 | €2,174 | +€552 | +34.0% |
| Recurring financial income | 75 | €1,622 | €2,174 | +€552 | +34.0% |
| Financial charges | 65/66B | €420 | €354 | -€66 | -15.7% |
| Recurring financial charges | 65 | €420 | €354 | -€66 | -15.7% |
| Profit (loss) for the period before taxes | 9903 | €39,272 | €19,838 | -€19,434 | -49.5% |
| Income taxes | 67/77 | €12,624 | €6,440 | -€6,184 | -49.0% |
| Profit (loss) for the period | 9904 | €26,648 | €13,398 | -€13,250 | -49.7% |
| Profit (loss) for the period to be appropriated | 9905 | €26,648 | €13,398 | -€13,250 | -49.7% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.