ELKO DEBILDE: 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.
ELKO DEBILDE
Largest movements
- Current investments +€300,353
new in 2025: €300,353
- Cash -€123,631
down €123,631 (-30.5%), from €405,689 to €282,057
mainly Current investments (-€300,353) and Contributions, distributions and other (-€70,720)
- Receivables within one year -€81,422
down €81,422 (-28.1%), from €289,454 to €208,032
of which Trade receivables: -€131,971
- Stocks and contracts +€31,255
up €31,255 (+69.2%), from €45,168 to €76,424
of which Contracts in progress: +€30,193
- Tangible fixed assets -€20,127
down €20,127 (-8.1%), from €248,331 to €228,204
of which Land and buildings: -€13,333
- Reserves +€70,438
up €70,438 (+8.6%), from €817,050 to €887,487
- Trade debts +€18,210
up €18,210 (+48.1%), from €37,860 to €56,070
- Gross operating margin +€54,480
up €54,480 (+12.9%), from €423,679 to €478,159
- Taxes +€13,673
up €13,673 (+30.8%), from €44,434 to €58,107
- Depreciation +€11,058
up €11,058 (+18.4%), from €60,066 to €71,124
- Staff costs -€8,013
down €8,013 (-3.6%), from €225,107 to €217,093
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 | €1,014,491 | €1,121,907 | +€107,416 | +10.6% |
| Fixed assets | 21/28 | €248,331 | €228,204 | -€20,127 | -8.1% |
| Tangible fixed assets | 22/27 | €248,331 | €228,204 | -€20,127 | -8.1% |
| Land and buildings | 22 | €66,668 | €53,335 | -€13,333 | -20.0% |
| Plant, machinery and equipment | 23 | €5,848 | €3,559 | -€2,289 | -39.1% |
| Furniture and vehicles | 24 | €116,659 | €120,752 | +€4,093 | +3.5% |
| Other tangible fixed assets | 26 | €59,156 | €50,558 | -€8,598 | -14.5% |
| Current assets | 29/58 | €766,160 | €893,703 | +€127,543 | +16.6% |
| Stocks and contracts in progress | 3 | €45,168 | €76,424 | +€31,255 | +69.2% |
| Stocks | 30/36 | €45,168 | €46,230 | +€1,062 | +2.4% |
| Contracts in progress | 37 | - | €30,193 | +€30,193 | |
| Amounts receivable within one year | 40/41 | €289,454 | €208,032 | -€81,422 | -28.1% |
| Trade receivables | 40 | €261,572 | €129,602 | -€131,971 | -50.5% |
| Other amounts receivable | 41 | €27,881 | €78,430 | +€50,549 | +181% |
| Current investments | 50/53 | - | €300,353 | +€300,353 | |
| Cash at bank and in hand | 54/58 | €405,689 | €282,057 | -€123,631 | -30.5% |
| Deferred charges and accrued income | 490/1 | €25,850 | €26,837 | +€987 | +3.8% |
| Total equity and liabilities | 10/49 | €1,014,491 | €1,121,907 | +€107,416 | +10.6% |
| Equity | 10/15 | €835,650 | €906,087 | +€70,438 | +8.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €817,050 | €887,487 | +€70,438 | +8.6% |
| Distributable reserves | 133 | €817,050 | €887,487 | +€70,438 | +8.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €178,842 | €215,820 | +€36,978 | +20.7% |
| Amounts payable after more than one year | 17 | €58,961 | €63,322 | +€4,361 | +7.4% |
| Financial debts | 170/4 | €58,961 | €63,322 | +€4,361 | +7.4% |
| Amounts payable within one year | 42/48 | €119,881 | €144,792 | +€24,912 | +20.8% |
| Current portion of amounts payable after more than one year | 42 | €28,029 | €32,555 | +€4,526 | +16.1% |
| Trade debts | 44 | €37,860 | €56,070 | +€18,210 | +48.1% |
| Suppliers | 440/4 | €37,860 | €56,070 | +€18,210 | +48.1% |
| Taxes, remuneration and social security | 45 | €42,991 | €45,323 | +€2,332 | +5.4% |
| Taxes | 450/3 | €14,135 | €27,443 | +€13,309 | +94.2% |
| Remuneration and social security | 454/9 | €28,857 | €17,880 | -€10,977 | -38.0% |
| Other amounts payable | 47/48 | €11,001 | €10,845 | -€156 | -1.4% |
| Accrued charges and deferred income | 492/3 | - | €7,706 | +€7,706 | |
| Non-recurring operating income | 76A | €9,823 | €0 | -€9,823 | -100% |
| Remuneration, social security and pensions | 62 | €225,107 | €217,093 | -€8,013 | -3.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €60,066 | €71,124 | +€11,058 | +18.4% |
| Other operating charges | 640/8 | €4,194 | €3,949 | -€245 | -5.8% |
| Non-recurring operating charges | 66A | €682 | €0 | -€682 | -100% |
| Gross operating margin | 9900 | €423,679 | €478,159 | +€54,480 | +12.9% |
| Operating profit (loss) | 9901 | €133,630 | €185,992 | +€52,362 | +39.2% |
| Financial income | 75/76B | €17,608 | €16,355 | -€1,253 | -7.1% |
| Recurring financial income | 75 | €17,608 | €16,355 | -€1,253 | -7.1% |
| Financial charges | 65/66B | €2,762 | €3,082 | +€321 | +11.6% |
| Recurring financial charges | 65 | €2,762 | €3,082 | +€321 | +11.6% |
| Profit (loss) for the period before taxes | 9903 | €148,477 | €199,265 | +€50,788 | +34.2% |
| Income taxes | 67/77 | €44,434 | €58,107 | +€13,673 | +30.8% |
| Profit (loss) for the period | 9904 | €104,043 | €141,158 | +€37,115 | +35.7% |
| Profit (loss) for the period to be appropriated | 9905 | €104,043 | €141,158 | +€37,115 | +35.7% |
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 14 October 2026 via checked.be.