ELICONSTRUCT: 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.
ELICONSTRUCT
Largest movements
- Receivables within one year +€11,612
up €11,612 (+168.6%), from €6,889 to €18,501
of which Trade receivables: +€11,460
- Cash -€6,209
down €6,209 (-64.8%), from €9,584 to €3,376
mainly Receivables within one year (-€11,612) and Debts after one year (-€3,508)
- Tangible fixed assets -€4,745
down €4,745 (-48.3%), from €9,827 to €5,082
- Debts after one year -€3,508
down €3,508 (-46.9%), from €7,481 to €3,973
- Reserves +€2,600
up €2,600 (+42.6%), from €6,100 to €8,700
- Tax, wage and social debts +€726
up €726 (+13.1%), from €5,523 to €6,249
of which Remuneration and social security: +€1,750
- Trade debts +€389
up €389 (+117.6%), from €331 to €720
- Gross operating margin +€2,953
up €2,953 (+40.1%), from €7,365 to €10,318
- Taxes +€785
up €785 (+81.5%), from €963 to €1,748
- Depreciation +€338
up €338 (+7.7%), from €4,407 to €4,745
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 | €26,496 | €26,974 | +€479 | +1.8% |
| Fixed assets | 21/28 | €9,827 | €5,082 | -€4,745 | -48.3% |
| Tangible fixed assets | 22/27 | €9,827 | €5,082 | -€4,745 | -48.3% |
| Furniture and vehicles | 24 | €9,827 | €5,082 | -€4,745 | -48.3% |
| Current assets | 29/58 | €16,668 | €21,892 | +€5,224 | +31.3% |
| Amounts receivable within one year | 40/41 | €6,889 | €18,501 | +€11,612 | +168.6% |
| Trade receivables | 40 | €6,257 | €17,717 | +€11,460 | +183.2% |
| Other amounts receivable | 41 | €632 | €784 | +€152 | +24.0% |
| Cash at bank and in hand | 54/58 | €9,584 | €3,376 | -€6,209 | -64.8% |
| Deferred charges and accrued income | 490/1 | €195 | €15 | -€180 | -92.1% |
| Total equity and liabilities | 10/49 | €26,496 | €26,974 | +€479 | +1.8% |
| Equity | 10/15 | €9,210 | €11,884 | +€2,674 | +29.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €6,100 | €8,700 | +€2,600 | +42.6% |
| Distributable reserves | 133 | €6,100 | €8,700 | +€2,600 | +42.6% |
| Profit (loss) carried forward | 14 | €110 | €184 | +€74 | +67.6% |
| Amounts payable | 17/49 | €17,286 | €15,091 | -€2,195 | -12.7% |
| Amounts payable after more than one year | 17 | €7,481 | €3,973 | -€3,508 | -46.9% |
| Financial debts | 170/4 | €7,481 | €3,973 | -€3,508 | -46.9% |
| Amounts payable within one year | 42/48 | €9,805 | €11,118 | +€1,313 | +13.4% |
| Current portion of amounts payable after more than one year | 42 | €3,361 | €3,508 | +€146 | +4.4% |
| Financial debts | 43 | €320 | €336 | +€16 | +5.0% |
| Credit institutions | 430/8 | €320 | - | -€320 | |
| Other loans | 439 | - | €336 | +€336 | |
| Trade debts | 44 | €331 | €720 | +€389 | +117.6% |
| Suppliers | 440/4 | €331 | €720 | +€389 | +117.6% |
| Taxes, remuneration and social security | 45 | €5,523 | €6,249 | +€726 | +13.1% |
| Taxes | 450/3 | €3,773 | €2,749 | -€1,024 | -27.1% |
| Remuneration and social security | 454/9 | €1,750 | €3,500 | +€1,750 | +100.0% |
| Other amounts payable | 47/48 | €270 | €305 | +€35 | +12.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,407 | €4,745 | +€338 | +7.7% |
| Other operating charges | 640/8 | €616 | €651 | +€34 | +5.6% |
| Gross operating margin | 9900 | €7,365 | €10,318 | +€2,953 | +40.1% |
| Operating profit (loss) | 9901 | €2,341 | €4,923 | +€2,582 | +110.3% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €567 | €501 | -€66 | -11.7% |
| Recurring financial charges | 65 | €567 | €501 | -€66 | -11.7% |
| Profit (loss) for the period before taxes | 9903 | €1,774 | €4,423 | +€2,648 | +149.3% |
| Income taxes | 67/77 | €963 | €1,748 | +€785 | +81.5% |
| Profit (loss) for the period | 9904 | €811 | €2,674 | +€1,863 | +229.7% |
| Profit (loss) for the period to be appropriated | 9905 | €811 | €2,674 | +€1,863 | +229.7% |
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.