Elico Management: 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.
Elico Management
Largest movements
- Receivables within one year -€15,917
down €15,917 (-25.8%), from €61,734 to €45,817
- Profit (loss) carried forward -€35,756
down €35,756 (-72.1%), from -€49,599 to -€85,355
- Tax, wage and social debts +€11,186
new in 2025: €11,186
- Trade debts +€8,648
up €8,648 (+157%), from €5,504 to €14,153
- Gross operating margin +€35,924
up €35,924 (+81.5%), from -€44,098 to -€8,175
- Staff costs +€16,828
up €16,828 (+146%), from €11,564 to €28,392
- Other operating charges -€2,195
down €2,195 (-87.6%), from €2,505 to €310
- Taxes +€1,075
new in 2025: €1,075
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 | €66,741 | €50,819 | -€15,921 | -23.9% |
| Fixed assets | 21/28 | €5,000 | €5,000 | = | 0.0% |
| Financial fixed assets | 28 | €5,000 | €5,000 | = | 0.0% |
| Current assets | 29/58 | €61,741 | €45,819 | -€15,921 | -25.8% |
| Amounts receivable within one year | 40/41 | €61,734 | €45,817 | -€15,917 | -25.8% |
| Other amounts receivable | 41 | €61,734 | €45,817 | -€15,917 | -25.8% |
| Cash at bank and in hand | 54/58 | €7 | €3 | -€4 | -60.5% |
| Total equity and liabilities | 10/49 | €66,741 | €50,819 | -€15,921 | -23.9% |
| Equity | 10/15 | -€34,599 | -€70,355 | -€35,756 | -103% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€49,599 | -€85,355 | -€35,756 | -72.1% |
| Amounts payable | 17/49 | €101,340 | €121,174 | +€19,834 | +19.6% |
| Amounts payable within one year | 42/48 | €101,340 | €121,174 | +€19,834 | +19.6% |
| Trade debts | 44 | €5,504 | €14,153 | +€8,648 | +157% |
| Suppliers | 440/4 | €5,504 | €14,153 | +€8,648 | +157% |
| Taxes, remuneration and social security | 45 | - | €11,186 | +€11,186 | |
| Remuneration and social security | 454/9 | - | €11,186 | +€11,186 | |
| Other amounts payable | 47/48 | €95,835 | €95,835 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €11,564 | €28,392 | +€16,828 | +146% |
| Other operating charges | 640/8 | €2,505 | €310 | -€2,195 | -87.6% |
| Gross operating margin | 9900 | -€44,098 | -€8,175 | +€35,924 | +81.5% |
| Operating profit (loss) | 9901 | -€58,168 | -€36,877 | +€21,291 | +36.6% |
| Financial income | 75/76B | €2,597 | €2,370 | -€227 | -8.7% |
| Recurring financial income | 75 | €2,597 | €2,370 | -€227 | -8.7% |
| Financial charges | 65/66B | €112 | €174 | +€62 | +55.5% |
| Recurring financial charges | 65 | €112 | €174 | +€62 | +55.5% |
| Profit (loss) for the period before taxes | 9903 | -€55,683 | -€34,681 | +€21,002 | +37.7% |
| Income taxes | 67/77 | - | €1,075 | +€1,075 | |
| Profit (loss) for the period | 9904 | -€55,683 | -€35,756 | +€19,927 | +35.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€55,683 | -€35,756 | +€19,927 | +35.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.