ELGN: 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.
ELGN
Largest movements
- Tangible fixed assets +€323,606
new in 2025: €323,606
of which Furniture and vehicles: +€203,215
- Receivables within one year +€135,602
up €135,602 (+53.9%), from €251,425 to €387,026
of which Trade receivables: +€123,631
- Receivables after one year +€60,000
new in 2025: €60,000
- Trade debts +€344,027
up €344,027 (+270.5%), from €127,177 to €471,204
- Debts after one year +€111,740
new in 2025: €111,740
- Current portion of long-term debt +€36,320
new in 2025: €36,320
- Profit (loss) carried forward +€21,224
up €21,224 (+19.7%), from €107,933 to €129,158
- Other debts +€12,500
new in 2025: €12,500
- Depreciation +€32,669
new in 2025: €32,669
- Other operating charges +€23,718
up €23,718 (+580.8%), from €4,084 to €27,802
- Gross operating margin -€21,275
down €21,275 (-17.4%), from €122,293 to €101,018
- Taxes -€15,183
down €15,183 (-68.9%), from €22,034 to €6,852
- Financial charges -€14,146
down €14,146 (-80.1%), from €17,668 to €3,522
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 | €272,916 | €797,530 | +€524,615 | +192.2% |
| Fixed assets | 21/28 | - | €323,606 | +€323,606 | |
| Tangible fixed assets | 22/27 | - | €323,606 | +€323,606 | |
| Furniture and vehicles | 24 | - | €203,215 | +€203,215 | |
| Leasing and similar rights | 25 | - | €120,391 | +€120,391 | |
| Current assets | 29/58 | €272,916 | €473,924 | +€201,009 | +73.7% |
| Amounts receivable after more than one year | 29 | - | €60,000 | +€60,000 | |
| Other amounts receivable | 291 | - | €60,000 | +€60,000 | |
| Amounts receivable within one year | 40/41 | €251,425 | €387,026 | +€135,602 | +53.9% |
| Trade receivables | 40 | €99,156 | €222,787 | +€123,631 | +124.7% |
| Other amounts receivable | 41 | €152,269 | €164,239 | +€11,970 | +7.9% |
| Cash at bank and in hand | 54/58 | €18,632 | €22,551 | +€3,919 | +21.0% |
| Deferred charges and accrued income | 490/1 | €2,859 | €4,347 | +€1,488 | +52.1% |
| Total equity and liabilities | 10/49 | €272,916 | €797,530 | +€524,615 | +192.2% |
| Equity | 10/15 | €112,933 | €134,158 | +€21,224 | +18.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €107,933 | €129,158 | +€21,224 | +19.7% |
| Amounts payable | 17/49 | €159,982 | €663,372 | +€503,390 | +314.7% |
| Amounts payable after more than one year | 17 | - | €111,740 | +€111,740 | |
| Financial debts | 170/4 | - | €111,740 | +€111,740 | |
| Amounts payable within one year | 42/48 | €159,970 | €551,632 | +€391,662 | +244.8% |
| Current portion of amounts payable after more than one year | 42 | - | €36,320 | +€36,320 | |
| Trade debts | 44 | €127,177 | €471,204 | +€344,027 | +270.5% |
| Suppliers | 440/4 | €127,177 | €471,204 | +€344,027 | +270.5% |
| Taxes, remuneration and social security | 45 | €32,793 | €31,608 | -€1,185 | -3.6% |
| Taxes | 450/3 | €32,793 | €31,608 | -€1,185 | -3.6% |
| Other amounts payable | 47/48 | - | €12,500 | +€12,500 | |
| Accrued charges and deferred income | 492/3 | €12 | €0 | -€12 | -100.0% |
| Non-recurring operating income | 76A | - | €48,000 | +€48,000 | |
| Remuneration, social security and pensions | 62 | - | €796 | +€796 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €32,669 | +€32,669 | |
| Other operating charges | 640/8 | €4,084 | €27,802 | +€23,718 | +580.8% |
| Gross operating margin | 9900 | €122,293 | €101,018 | -€21,275 | -17.4% |
| Operating profit (loss) | 9901 | €118,210 | €39,751 | -€78,459 | -66.4% |
| Financial income | 75/76B | €2,859 | €4,347 | +€1,488 | +52.1% |
| Recurring financial income | 75 | €2,859 | €4,347 | +€1,488 | +52.1% |
| Financial charges | 65/66B | €17,668 | €3,522 | -€14,146 | -80.1% |
| Recurring financial charges | 65 | €17,668 | €3,522 | -€14,146 | -80.1% |
| Profit (loss) for the period before taxes | 9903 | €103,401 | €40,576 | -€62,825 | -60.8% |
| Income taxes | 67/77 | €22,034 | €6,852 | -€15,183 | -68.9% |
| Profit (loss) for the period | 9904 | €81,367 | €33,724 | -€47,642 | -58.6% |
| Profit (loss) for the period to be appropriated | 9905 | €81,367 | €33,724 | -€47,642 | -58.6% |
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 8 October 2026 via checked.be.