Elia Engineering: 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.
What changed
Elia Engineering
NACE 71.121, Engineering and related technical consultancy, excluding land surveyors
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€1.8m
2024 · €1.6m+€169,911
Equity
€15.4m
2024 · €13.7m+€1.8m
Cash
€1.1m
2024 · €1.0m+€48,020
Balance sheet total
€25.9m
2024 · €22.5m+€3.4m
Largest movements
Assets
- Receivables within one year +€3.5m
up €3.5m (+16.3%), from €21.3m to €24.7m
of which Trade receivables: +€5.8m
Equity and liabilities
- Trade debts +€1.3m
up €1.3m (+63.6%), from €2.1m to €3.4m
- Reserves +€997,770
up €997,770 (+30.2%), from €3.3m to €4.3m
of which Tax-exempt reserves: +€787,270
- Profit (loss) carried forward +€764,908
up €764,908 (+7.6%), from €10.1m to €10.8m
- Tax, wage and social debts +€317,294
up €317,294 (+4.8%), from €6.7m to €7.0m
of which Remuneration and social security: +€1.1m
Income statement
- Turnover +€7.9m
up €7.9m (+18.1%), from €43.4m to €51.3m
- Staff costs +€5.6m
up €5.6m (+20.4%), from €27.5m to €33.1m
- Services and other goods +€1.8m
up €1.8m (+12.3%), from €14.6m to €16.4m
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.
Result 2024
€1.6m
Turnover
+€7.9m
Other operating income
-€113,776
Services and other goods
-€1.8m
Staff costs
-€5.6m
Depreciation
+€331
Other operating charges
+€1,055
Other operating items
+€6,939
Financial income
-€86,545
Financial charges
-€6,820
Taxes
-€103,440
Result 2025
€1.8m
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.
From operations
+€48,020
Investment
€0
Financing
€0
Cash 2024
€1.0m
From operations (derived)
+€48,020
Net result for the year
+€1.8m
Depreciation
+€107,510
Smaller working-capital items
-€7,496
Receivables within one year
-€3.5m
Trade debts
+€1.3m
Tax, wage and social debts
+€317,294
Cash 2025
€1.1m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €22,458,707 | €25,874,267 | +€3.4m | +15.2% |
| Fixed assets | 21/28 | €116,630 | €9,120 | -€107,510 | -92.2% |
| Tangible fixed assets | 22/27 | €116,470 | €8,960 | -€107,510 | -92.3% |
| Furniture and vehicles | 24 | €116,470 | €8,960 | -€107,510 | -92.3% |
| Financial fixed assets | 28 | €160 | €160 | = | 0.0% |
| Other financial fixed assets | 284/8 | €160 | €160 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €160 | €160 | = | 0.0% |
| Current assets | 29/58 | €22,342,077 | €25,865,147 | +€3.5m | +15.8% |
| Stocks and contracts in progress | 3 | €64,471 | €71,968 | +€7,497 | +11.6% |
| Contracts in progress | 37 | €64,471 | €71,968 | +€7,497 | +11.6% |
| Amounts receivable within one year | 40/41 | €21,267,367 | €24,734,922 | +€3.5m | +16.3% |
| Trade receivables | 40 | €6,514,745 | €12,274,600 | +€5.8m | +88.4% |
| Other amounts receivable | 41 | €14,752,622 | €12,460,322 | -€2.3m | -15.5% |
| Cash at bank and in hand | 54/58 | €1,009,710 | €1,057,730 | +€48,020 | +4.8% |
| Deferred charges and accrued income | 490/1 | €529 | €528 | -€1 | -0.2% |
| Total equity and liabilities | 10/49 | €22,458,707 | €25,874,267 | +€3.4m | +15.2% |
| Equity | 10/15 | €13,680,171 | €15,442,848 | +€1.8m | +12.9% |
| Contributions | 10/11 | €307,266 | €307,266 | = | 0.0% |
| Capital | 10 | €307,266 | €307,266 | = | 0.0% |
| Issued capital | 100 | €307,266 | €307,266 | = | 0.0% |
| Reserves | 13 | €3,308,777 | €4,306,547 | +€997,770 | +30.2% |
| Non-distributable reserves | 130/1 | €30,727 | €30,727 | = | 0.0% |
| Legal reserve | 130 | €30,727 | €30,727 | = | 0.0% |
| Tax-exempt reserves | 132 | €2,547,050 | €3,334,320 | +€787,270 | +30.9% |
| Distributable reserves | 133 | €731,000 | €941,500 | +€210,500 | +28.8% |
| Profit (loss) carried forward | 14 | €10,064,128 | €10,829,036 | +€764,908 | +7.6% |
| Amounts payable | 17/49 | €8,778,536 | €10,431,418 | +€1.7m | +18.8% |
| Amounts payable within one year | 42/48 | €8,778,536 | €10,431,418 | +€1.7m | +18.8% |
| Trade debts | 44 | €2,100,767 | €3,436,355 | +€1.3m | +63.6% |
| Suppliers | 440/4 | €2,100,767 | €3,436,355 | +€1.3m | +63.6% |
| Advances received on contracts in progress | 46 | €4,409 | €4,409 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €6,673,361 | €6,990,655 | +€317,294 | +4.8% |
| Taxes | 450/3 | €819,232 | - | -€819,232 | |
| Remuneration and social security | 454/9 | €5,854,129 | €6,990,655 | +€1.1m | +19.4% |
| Operating income | 70/76A | €44,231,162 | €52,000,480 | +€7.8m | +17.6% |
| Turnover | 70 | €43,448,143 | €51,324,298 | +€7.9m | +18.1% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | €558 | €7,497 | +€6,939 | +1244.1% |
| Other operating income | 74 | €782,462 | €668,686 | -€113,776 | -14.5% |
| Operating charges | 60/66A | €42,159,132 | €49,561,734 | +€7.4m | +17.6% |
| Services and other goods | 61 | €14,578,667 | €16,376,349 | +€1.8m | +12.3% |
| Remuneration, social security and pensions | 62 | €27,471,569 | €33,077,875 | +€5.6m | +20.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €107,841 | €107,510 | -€331 | -0.3% |
| Other operating charges | 640/8 | €1,055 | - | -€1,055 | |
| Operating profit (loss) | 9901 | €2,072,030 | €2,438,746 | +€366,716 | +17.7% |
| Financial income | 75/76B | €600,710 | €514,165 | -€86,545 | -14.4% |
| Recurring financial income | 75 | €600,710 | €514,165 | -€86,545 | -14.4% |
| Income from current assets | 751 | €600,709 | €469,301 | -€131,408 | -21.9% |
| Other financial income | 752/9 | €2 | €44,864 | +€44,863 | +2735522.0% |
| Financial charges | 65/66B | €18,151 | €24,971 | +€6,820 | +37.6% |
| Recurring financial charges | 65 | €18,151 | €24,971 | +€6,820 | +37.6% |
| Other financial charges | 652/9 | €18,151 | €24,971 | +€6,820 | +37.6% |
| Profit (loss) for the period before taxes | 9903 | €2,654,589 | €2,927,939 | +€273,350 | +10.3% |
| Income taxes | 67/77 | €1,061,822 | €1,165,261 | +€103,440 | +9.7% |
| Taxes | 670/3 | €1,061,822 | €1,165,261 | +€103,440 | +9.7% |
| Tax adjustments and reversals of tax provisions | 77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | €1,592,767 | €1,762,678 | +€169,911 | +10.7% |
| Transfer from tax-exempt reserves | 789 | €421,000 | €210,500 | -€210,500 | -50.0% |
| Transfer to tax-exempt reserves | 689 | €997,770 | €997,770 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €1,015,997 | €975,408 | -€40,589 | -4.0% |
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 8 October 2026 via checked.be.