ELGONI: 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.
ELGONI
Largest movements
- Receivables within one year +€10,295
up €10,295 (+183.8%), from €5,601 to €15,896
of which Trade receivables: +€10,461
- Stocks and contracts -€7,586
down €7,586 (-83.5%), from €9,086 to €1,500
of which Contracts in progress: -€7,586
- Cash -€3,944
no longer reported in 2025 (was €3,944)
mainly Receivables within one year (-€10,295) and Trade debts (-€5,764)
- Deferred charges and accrued income -€2,237
down €2,237 (-45.9%), from €4,876 to €2,639
- Tangible fixed assets -€1,771
down €1,771 (-30.7%), from €5,768 to €3,997
of which Plant, machinery and equipment: -€1,224
- Trade debts -€5,764
down €5,764 (-36.9%), from €15,603 to €9,839
- Profit (loss) carried forward -€4,882
new in 2025: -€4,882
- Current portion of long-term debt +€4,117
new in 2025: €4,117
- Short-term financial debts +€2,878
new in 2025: €2,878
- Tax, wage and social debts -€1,751
down €1,751 (-17.7%), from €9,874 to €8,123
of which Taxes: -€4,706
- Gross operating margin -€5,360
down €5,360 (-83.6%), from €6,413 to €1,053
- Other operating charges -€713
down €713 (-47.5%), from €1,501 to €787
- Financial charges +€645
up €645 (+28.7%), from €2,250 to €2,895
- Depreciation +€616
up €616 (+53.3%), from €1,155 to €1,771
- Taxes -€419
down €419 (-46.2%), from €907 to €489
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 | €29,276 | €24,032 | -€5,243 | -17.9% |
| Fixed assets | 21/28 | €5,768 | €3,997 | -€1,771 | -30.7% |
| Tangible fixed assets | 22/27 | €5,768 | €3,997 | -€1,771 | -30.7% |
| Plant, machinery and equipment | 23 | €4,368 | €3,145 | -€1,224 | -28.0% |
| Furniture and vehicles | 24 | €1,400 | €852 | -€548 | -39.1% |
| Current assets | 29/58 | €23,507 | €20,035 | -€3,472 | -14.8% |
| Stocks and contracts in progress | 3 | €9,086 | €1,500 | -€7,586 | -83.5% |
| Stocks | 30/36 | €1,500 | €1,500 | = | 0.0% |
| Contracts in progress | 37 | €7,586 | - | -€7,586 | |
| Amounts receivable within one year | 40/41 | €5,601 | €15,896 | +€10,295 | +183.8% |
| Trade receivables | 40 | €3,467 | €13,928 | +€10,461 | +301.7% |
| Other amounts receivable | 41 | €2,134 | €1,968 | -€165 | -7.8% |
| Cash at bank and in hand | 54/58 | €3,944 | - | -€3,944 | |
| Deferred charges and accrued income | 490/1 | €4,876 | €2,639 | -€2,237 | -45.9% |
| Total equity and liabilities | 10/49 | €29,276 | €24,032 | -€5,243 | -17.9% |
| Equity | 10/15 | €2,607 | -€2,275 | -€4,882 | |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €607 | €607 | = | 0.0% |
| Distributable reserves | 133 | €607 | €607 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€4,882 | -€4,882 | |
| Amounts payable | 17/49 | €26,669 | €26,307 | -€362 | -1.4% |
| Amounts payable within one year | 42/48 | €26,669 | €26,307 | -€362 | -1.4% |
| Current portion of amounts payable after more than one year | 42 | - | €4,117 | +€4,117 | |
| Financial debts | 43 | - | €2,878 | +€2,878 | |
| Credit institutions | 430/8 | - | €2,878 | +€2,878 | |
| Trade debts | 44 | €15,603 | €9,839 | -€5,764 | -36.9% |
| Suppliers | 440/4 | €15,603 | €9,839 | -€5,764 | -36.9% |
| Taxes, remuneration and social security | 45 | €9,874 | €8,123 | -€1,751 | -17.7% |
| Taxes | 450/3 | €7,799 | €3,093 | -€4,706 | -60.3% |
| Remuneration and social security | 454/9 | €2,075 | €5,030 | +€2,955 | +142.4% |
| Other amounts payable | 47/48 | €1,192 | €1,351 | +€159 | +13.3% |
| Non-recurring operating income | 76A | €3,428 | - | -€3,428 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,155 | €1,771 | +€616 | +53.3% |
| Other operating charges | 640/8 | €1,501 | €787 | -€713 | -47.5% |
| Gross operating margin | 9900 | €6,413 | €1,053 | -€5,360 | -83.6% |
| Operating profit (loss) | 9901 | €3,757 | -€1,506 | -€5,263 | |
| Financial income | 75/76B | €6 | €8 | +€2 | +25.0% |
| Recurring financial income | 75 | €6 | €8 | +€2 | +25.0% |
| Financial charges | 65/66B | €2,250 | €2,895 | +€645 | +28.7% |
| Recurring financial charges | 65 | €2,250 | €2,895 | +€645 | +28.7% |
| Profit (loss) for the period before taxes | 9903 | €1,514 | -€4,393 | -€5,907 | |
| Income taxes | 67/77 | €907 | €489 | -€419 | -46.2% |
| Profit (loss) for the period | 9904 | €607 | -€4,882 | -€5,488 | |
| Profit (loss) for the period to be appropriated | 9905 | €607 | -€4,882 | -€5,488 |
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 29 September 2026 via checked.be.