ELKOEDS: 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.
ELKOEDS
Largest movements
- Tangible fixed assets -€18,011
down €18,011 (-100%), from €18,011 to €0
- Receivables within one year -€4,645
down €4,645 (-59.2%), from €7,849 to €3,204
of which Trade receivables: -€3,136
- Deferred charges and accrued income -€2,968
down €2,968 (-96.7%), from €3,068 to €100
- Cash -€2,155
down €2,155 (-36.2%), from €5,946 to €3,791
mainly Debts after one year (-€12,785) and Net result for the year (-€9,682)
- Debts after one year -€12,785
down €12,785 (-100%), from €12,785 to €0
- Profit (loss) carried forward -€9,682
down €9,682 (-67.6%), from -€14,316 to -€23,997
- Current portion of long-term debt -€6,168
down €6,168 (-100%), from €6,168 to €0
- Other debts -€1,873
down €1,873 (-10.2%), from €18,420 to €16,547
- Trade debts +€1,696
up €1,696 (+120%), from €1,416 to €3,112
- Other operating charges +€7,474
up €7,474 (+236%), from €3,173 to €10,647
- Depreciation -€4,943
down €4,943 (-100%), from €4,943 to €0
- Staff costs -€2,904
down €2,904 (-25.2%), from €11,525 to €8,622
- Gross operating margin -€2,040
down €2,040 (-14.2%), from €14,346 to €12,306
- Financial charges +€470
up €470 (+23.4%), from €2,008 to €2,478
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 | €34,875 | €7,095 | -€27,779 | -79.7% |
| Fixed assets | 21/28 | €18,011 | €0 | -€18,011 | -100% |
| Tangible fixed assets | 22/27 | €18,011 | €0 | -€18,011 | -100% |
| Furniture and vehicles | 24 | €18,011 | €0 | -€18,011 | -100% |
| Current assets | 29/58 | €16,863 | €7,095 | -€9,768 | -57.9% |
| Amounts receivable within one year | 40/41 | €7,849 | €3,204 | -€4,645 | -59.2% |
| Trade receivables | 40 | €3,936 | €800 | -€3,136 | -79.7% |
| Other amounts receivable | 41 | €3,913 | €2,404 | -€1,509 | -38.6% |
| Cash at bank and in hand | 54/58 | €5,946 | €3,791 | -€2,155 | -36.2% |
| Deferred charges and accrued income | 490/1 | €3,068 | €100 | -€2,968 | -96.7% |
| Total equity and liabilities | 10/49 | €34,875 | €7,095 | -€27,779 | -79.7% |
| Equity | 10/15 | -€4,086 | -€13,767 | -€9,682 | -237% |
| Contributions | 10/11 | €10,230 | €10,230 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€14,316 | -€23,997 | -€9,682 | -67.6% |
| Amounts payable | 17/49 | €38,960 | €20,862 | -€18,098 | -46.5% |
| Amounts payable after more than one year | 17 | €12,785 | €0 | -€12,785 | -100% |
| Financial debts | 170/4 | €12,785 | €0 | -€12,785 | -100% |
| Amounts payable within one year | 42/48 | €26,175 | €20,862 | -€5,313 | -20.3% |
| Current portion of amounts payable after more than one year | 42 | €6,168 | €0 | -€6,168 | -100% |
| Trade debts | 44 | €1,416 | €3,112 | +€1,696 | +120% |
| Suppliers | 440/4 | €1,416 | €3,112 | +€1,696 | +120% |
| Taxes, remuneration and social security | 45 | €171 | €1,204 | +€1,033 | +605% |
| Taxes | 450/3 | - | €1,204 | +€1,204 | |
| Remuneration and social security | 454/9 | €171 | €0 | -€171 | -100% |
| Other amounts payable | 47/48 | €18,420 | €16,547 | -€1,873 | -10.2% |
| Remuneration, social security and pensions | 62 | €11,525 | €8,622 | -€2,904 | -25.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,943 | €0 | -€4,943 | -100% |
| Other operating charges | 640/8 | €3,173 | €10,647 | +€7,474 | +236% |
| Gross operating margin | 9900 | €14,346 | €12,306 | -€2,040 | -14.2% |
| Operating profit (loss) | 9901 | -€5,296 | -€6,962 | -€1,667 | -31.5% |
| Financial income | 75/76B | €0 | €5 | +€5 | +922% |
| Recurring financial income | 75 | €0 | €5 | +€5 | +922% |
| Financial charges | 65/66B | €2,008 | €2,478 | +€470 | +23.4% |
| Recurring financial charges | 65 | €2,008 | €2,478 | +€470 | +23.4% |
| Profit (loss) for the period before taxes | 9903 | -€7,303 | -€9,436 | -€2,132 | -29.2% |
| Income taxes | 67/77 | €350 | €246 | -€104 | -29.8% |
| Profit (loss) for the period | 9904 | -€7,654 | -€9,682 | -€2,028 | -26.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,654 | -€9,682 | -€2,028 | -26.5% |
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 17 October 2026 via checked.be.