ELITECO: 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.
ELITECO
Largest movements
- Receivables within one year -€30,128
down €30,128 (-23.3%), from €129,402 to €99,275
of which Other amounts receivable: -€19,080
- Tangible fixed assets -€20,630
no longer reported in 2025 (was €20,630)
of which Furniture and vehicles: -€15,750
- Tax, wage and social debts -€25,111
down €25,111 (-99.9%), from €25,125 to €14
- Profit (loss) carried forward -€21,587
down €21,587 (-38.1%), from -€56,623 to -€78,210
- Other debts -€3,200
down €3,200 (-4.0%), from €79,839 to €76,639
- Gross operating margin +€70,938
up €70,938 (+85.8%), from -€82,674 to -€11,735
- Staff costs -€25,917
down €25,917 (-98.5%), from €26,313 to €396
- Depreciation -€4,690
no longer reported in 2025 (was €4,690)
- Financial income -€4,510
no longer reported in 2025 (was €4,510)
- Other operating charges -€1,667
down €1,667 (-34.5%), from €4,835 to €3,167
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 | €175,325 | €124,420 | -€50,905 | -29.0% |
| Fixed assets | 21/28 | €45,630 | €25,000 | -€20,630 | -45.2% |
| Tangible fixed assets | 22/27 | €20,630 | - | -€20,630 | |
| Furniture and vehicles | 24 | €15,750 | - | -€15,750 | |
| Assets under construction and advance payments | 27 | €4,880 | - | -€4,880 | |
| Financial fixed assets | 28 | €25,000 | €25,000 | = | 0.0% |
| Current assets | 29/58 | €129,695 | €99,420 | -€30,274 | -23.3% |
| Amounts receivable within one year | 40/41 | €129,402 | €99,275 | -€30,128 | -23.3% |
| Trade receivables | 40 | €11,047 | - | -€11,047 | |
| Other amounts receivable | 41 | €118,355 | €99,275 | -€19,080 | -16.1% |
| Cash at bank and in hand | 54/58 | €293 | €146 | -€147 | -50.2% |
| Total equity and liabilities | 10/49 | €175,325 | €124,420 | -€50,905 | -29.0% |
| Equity | 10/15 | -€28,671 | -€50,257 | -€21,587 | -75.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €21,753 | €21,753 | = | 0.0% |
| Tax-exempt reserves | 132 | €19,893 | €19,893 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€56,623 | -€78,210 | -€21,587 | -38.1% |
| Amounts payable | 17/49 | €203,996 | €174,678 | -€29,318 | -14.4% |
| Amounts payable within one year | 42/48 | €203,996 | €174,678 | -€29,318 | -14.4% |
| Trade debts | 44 | €99,032 | €98,024 | -€1,007 | -1.0% |
| Suppliers | 440/4 | €99,032 | €98,024 | -€1,007 | -1.0% |
| Taxes, remuneration and social security | 45 | €25,125 | €14 | -€25,111 | -99.9% |
| Taxes | 450/3 | €25,125 | €14 | -€25,111 | -99.9% |
| Other amounts payable | 47/48 | €79,839 | €76,639 | -€3,200 | -4.0% |
| Remuneration, social security and pensions | 62 | €26,313 | €396 | -€25,917 | -98.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,690 | - | -€4,690 | |
| Other operating charges | 640/8 | €4,835 | €3,167 | -€1,667 | -34.5% |
| Non-recurring operating charges | 66A | - | €5,630 | +€5,630 | |
| Gross operating margin | 9900 | -€82,674 | -€11,735 | +€70,938 | +85.8% |
| Operating profit (loss) | 9901 | -€118,512 | -€20,929 | +€97,583 | +82.3% |
| Financial income | 75/76B | €4,510 | - | -€4,510 | |
| Recurring financial income | 75 | €4,510 | - | -€4,510 | |
| Financial charges | 65/66B | €745 | €658 | -€88 | -11.8% |
| Recurring financial charges | 65 | €714 | €658 | -€57 | -7.9% |
| Non-recurring financial charges | 66B | €31 | - | -€31 | |
| Profit (loss) for the period before taxes | 9903 | -€114,747 | -€21,587 | +€93,160 | +81.2% |
| Profit (loss) for the period | 9904 | -€114,747 | -€21,587 | +€93,160 | +81.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€114,747 | -€21,587 | +€93,160 | +81.2% |
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 7 October 2026 via checked.be.