Elgoco: 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.
Elgoco
Largest movements
- Receivables within one year -€185,621
down €185,621 (-98.3%), from €188,750 to €3,129
of which Other amounts receivable: -€180,594
- Cash +€55,440
up €55,440 (+109.2%), from €50,787 to €106,227
mainly Receivables within one year (+€185,621) and Net result for the year (+€15,912)
- Other debts -€150,168
down €150,168 (-99.9%), from €150,341 to €173
- Reserves +€15,912
up €15,912 (+14.1%), from €112,537 to €128,449
of which Distributable reserves: +€15,912
- Tax, wage and social debts -€8,198
down €8,198 (-91.8%), from €8,930 to €732
- Accrued charges and deferred income +€8,000
new in 2025: €8,000
- Gross operating margin +€23,988
up €23,988 (+227.8%), from €10,530 to €34,518
- Taxes +€5,436
up €5,436 (+194.6%), from €2,794 to €8,230
- Other operating charges +€1,581
up €1,581 (+180.9%), from €874 to €2,455
- Depreciation +€701
up €701 (+15.5%), from €4,528 to €5,229
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 | €290,482 | €156,722 | -€133,760 | -46.0% |
| Fixed assets | 21/28 | €38,997 | €36,268 | -€2,729 | -7.0% |
| Tangible fixed assets | 22/27 | €38,997 | €36,268 | -€2,729 | -7.0% |
| Furniture and vehicles | 24 | €861 | €2,588 | +€1,727 | +200.6% |
| Other tangible fixed assets | 26 | €38,136 | €33,680 | -€4,456 | -11.7% |
| Current assets | 29/58 | €251,485 | €120,454 | -€131,031 | -52.1% |
| Stocks and contracts in progress | 3 | €4,000 | €4,000 | = | 0.0% |
| Stocks | 30/36 | €4,000 | €4,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €188,750 | €3,129 | -€185,621 | -98.3% |
| Trade receivables | 40 | €7,750 | €2,723 | -€5,027 | -64.9% |
| Other amounts receivable | 41 | €181,000 | €406 | -€180,594 | -99.8% |
| Cash at bank and in hand | 54/58 | €50,787 | €106,227 | +€55,440 | +109.2% |
| Deferred charges and accrued income | 490/1 | €7,948 | €7,098 | -€850 | -10.7% |
| Total equity and liabilities | 10/49 | €290,482 | €156,722 | -€133,760 | -46.0% |
| Equity | 10/15 | €131,137 | €147,049 | +€15,912 | +12.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €112,537 | €128,449 | +€15,912 | +14.1% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €26,458 | €26,458 | = | 0.0% |
| Distributable reserves | 133 | €84,219 | €100,131 | +€15,912 | +18.9% |
| Amounts payable | 17/49 | €159,345 | €9,673 | -€149,672 | -93.9% |
| Amounts payable within one year | 42/48 | €159,345 | €1,673 | -€157,672 | -99.0% |
| Trade debts | 44 | €74 | €768 | +€694 | +937.8% |
| Suppliers | 440/4 | €74 | €768 | +€694 | +937.8% |
| Taxes, remuneration and social security | 45 | €8,930 | €732 | -€8,198 | -91.8% |
| Taxes | 450/3 | €8,930 | €732 | -€8,198 | -91.8% |
| Other amounts payable | 47/48 | €150,341 | €173 | -€150,168 | -99.9% |
| Accrued charges and deferred income | 492/3 | - | €8,000 | +€8,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,528 | €5,229 | +€701 | +15.5% |
| Other operating charges | 640/8 | €874 | €2,455 | +€1,581 | +180.9% |
| Gross operating margin | 9900 | €10,530 | €34,518 | +€23,988 | +227.8% |
| Operating profit (loss) | 9901 | €5,128 | €26,834 | +€21,706 | +423.3% |
| Financial income | 75/76B | - | €0 | = | |
| Recurring financial income | 75 | - | €0 | = | |
| Financial charges | 65/66B | €2,563 | €2,692 | +€129 | +5.0% |
| Recurring financial charges | 65 | €2,563 | €2,692 | +€129 | +5.0% |
| Profit (loss) for the period before taxes | 9903 | €2,565 | €24,142 | +€21,577 | +841.2% |
| Income taxes | 67/77 | €2,794 | €8,230 | +€5,436 | +194.6% |
| Profit (loss) for the period | 9904 | -€229 | €15,912 | +€16,141 | |
| Profit (loss) for the period to be appropriated | 9905 | -€229 | €15,912 | +€16,141 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.