ELITECO: 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.
ELITECO
Largest movements
- Tangible fixed assets -€11,805
down €11,805 (-9.1%), from €130,252 to €118,447
of which Furniture and vehicles: -€8,252
- Receivables within one year +€6,948
up €6,948 (+36.5%), from €19,011 to €25,960
of which Other amounts receivable: +€12,357
- Cash +€3,317
up €3,317 (+6.1%), from €54,276 to €57,593
mainly Net result for the year (+€38,066) and Other debts (+€24,588)
- Other debts +€24,588
up €24,588 (+44.6%), from €55,147 to €79,735
- Debts after one year -€21,457
down €21,457 (-76.4%), from €28,100 to €6,643
- Profit (loss) carried forward +€7,619
up €7,619, from -€7,619 to €0
- Current portion of long-term debt -€7,387
down €7,387 (-67.2%), from €10,992 to €3,605
- Tax, wage and social debts -€3,797
down €3,797 (-34.0%), from €11,181 to €7,384
of which Remuneration and social security: -€5,467
- Gross operating margin +€27,389
up €27,389 (+36.9%), from €74,181 to €101,570
- Taxes +€17,723
up €17,723 (+1,462%), from €1,212 to €18,935
- Staff costs -€16,990
down €16,990 (-42.8%), from €39,731 to €22,740
- Financial income -€1,848
down €1,848 (-84.6%), from €2,185 to €337
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 | €207,087 | €203,705 | -€3,382 | -1.6% |
| Fixed assets | 21/28 | €132,172 | €118,447 | -€13,725 | -10.4% |
| Tangible fixed assets | 22/27 | €130,252 | €118,447 | -€11,805 | -9.1% |
| Land and buildings | 22 | €109,875 | €106,322 | -€3,553 | -3.2% |
| Furniture and vehicles | 24 | €20,376 | €12,124 | -€8,252 | -40.5% |
| Financial fixed assets | 28 | €1,920 | €0 | -€1,920 | -100% |
| Current assets | 29/58 | €74,915 | €85,258 | +€10,343 | +13.8% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Trade receivables | 290 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €19,011 | €25,960 | +€6,948 | +36.5% |
| Trade receivables | 40 | €19,011 | €13,603 | -€5,408 | -28.4% |
| Other amounts receivable | 41 | €0 | €12,357 | +€12,357 | |
| Cash at bank and in hand | 54/58 | €54,276 | €57,593 | +€3,317 | +6.1% |
| Deferred charges and accrued income | 490/1 | €1,628 | €1,706 | +€78 | +4.8% |
| Total equity and liabilities | 10/49 | €207,087 | €203,705 | -€3,382 | -1.6% |
| Equity | 10/15 | €92,566 | €98,682 | +€6,116 | +6.6% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €100,085 | €98,582 | -€1,502 | -1.5% |
| Distributable reserves | 133 | €100,085 | €98,582 | -€1,502 | -1.5% |
| Profit (loss) carried forward | 14 | -€7,619 | €0 | +€7,619 | |
| Amounts payable | 17/49 | €114,521 | €105,023 | -€9,498 | -8.3% |
| Amounts payable after more than one year | 17 | €28,100 | €6,643 | -€21,457 | -76.4% |
| Financial debts | 170/4 | €28,100 | €6,643 | -€21,457 | -76.4% |
| Amounts payable within one year | 42/48 | €81,508 | €93,599 | +€12,091 | +14.8% |
| Current portion of amounts payable after more than one year | 42 | €10,992 | €3,605 | -€7,387 | -67.2% |
| Trade debts | 44 | €2,780 | €2,875 | +€96 | +3.4% |
| Suppliers | 440/4 | €2,780 | €2,875 | +€96 | +3.4% |
| Advances received on contracts in progress | 46 | €1,408 | €0 | -€1,408 | -100% |
| Taxes, remuneration and social security | 45 | €11,181 | €7,384 | -€3,797 | -34.0% |
| Taxes | 450/3 | €5,714 | €7,384 | +€1,670 | +29.2% |
| Remuneration and social security | 454/9 | €5,467 | €0 | -€5,467 | -100% |
| Other amounts payable | 47/48 | €55,147 | €79,735 | +€24,588 | +44.6% |
| Accrued charges and deferred income | 492/3 | €4,914 | €4,781 | -€133 | -2.7% |
| Remuneration, social security and pensions | 62 | €39,731 | €22,740 | -€16,990 | -42.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,199 | €14,333 | -€866 | -5.7% |
| Other operating charges | 640/8 | €1,311 | €1,572 | +€261 | +19.9% |
| Gross operating margin | 9900 | €74,181 | €101,570 | +€27,389 | +36.9% |
| Operating profit (loss) | 9901 | €17,940 | €62,925 | +€44,985 | +251% |
| Financial income | 75/76B | €2,185 | €337 | -€1,848 | -84.6% |
| Recurring financial income | 75 | €2,185 | €337 | -€1,848 | -84.6% |
| Financial charges | 65/66B | €6,648 | €6,262 | -€386 | -5.8% |
| Recurring financial charges | 65 | €6,648 | €6,262 | -€386 | -5.8% |
| Profit (loss) for the period before taxes | 9903 | €13,477 | €57,000 | +€43,523 | +323% |
| Income taxes | 67/77 | €1,212 | €18,935 | +€17,723 | +1,462% |
| Profit (loss) for the period | 9904 | €12,266 | €38,066 | +€25,800 | +210% |
| Profit (loss) for the period to be appropriated | 9905 | €12,266 | €38,066 | +€25,800 | +210% |
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 16 October 2026 via checked.be.