ELKOSOL: 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.
ELKOSOL
Largest movements
- Tangible fixed assets -€26,734
down €26,734 (-2.7%), from €972,276 to €945,543
- Cash +€18,260
new in 2025: €18,260
mainly Depreciation (+€26,734) and Other debts (+€25,105)
- Intangible fixed assets +€14,601
new in 2025: €14,601
- Trade debts -€34,639
down €34,639 (-36.1%), from €95,865 to €61,226
- Other debts +€25,105
up €25,105 (+36.4%), from €69,008 to €94,113
- Tax, wage and social debts +€13,743
up €13,743 (+374.2%), from €3,673 to €17,416
of which Remuneration and social security: +€12,473
- Other operating charges -€7,037
no longer reported in 2025 (was €7,037)
- Depreciation -€2,419
down €2,419 (-8.3%), from €29,153 to €26,734
- Financial charges +€1,736
up €1,736 (+11.0%), from €15,759 to €17,495
- Gross operating margin -€1,570
down €1,570 (-2.1%), from €73,057 to €71,487
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 | €978,355 | €982,597 | +€4,242 | +0.4% |
| Fixed assets | 21/28 | €972,276 | €960,144 | -€12,133 | -1.2% |
| Intangible fixed assets | 21 | - | €14,601 | +€14,601 | |
| Tangible fixed assets | 22/27 | €972,276 | €945,543 | -€26,734 | -2.7% |
| Land and buildings | 22 | €972,276 | €945,543 | -€26,734 | -2.7% |
| Current assets | 29/58 | €6,079 | €22,453 | +€16,375 | +269.4% |
| Amounts receivable within one year | 40/41 | €2,514 | €1,408 | -€1,106 | -44.0% |
| Trade receivables | 40 | €2,514 | - | -€2,514 | |
| Other amounts receivable | 41 | - | €1,408 | +€1,408 | |
| Cash at bank and in hand | 54/58 | - | €18,260 | +€18,260 | |
| Deferred charges and accrued income | 490/1 | €3,565 | €2,785 | -€780 | -21.9% |
| Total equity and liabilities | 10/49 | €978,355 | €982,597 | +€4,242 | +0.4% |
| Equity | 10/15 | €487,281 | €482,888 | -€4,393 | -0.9% |
| Contributions | 10/11 | €188,600 | €188,600 | = | 0.0% |
| Revaluation surpluses | 12 | €265,748 | €265,748 | = | 0.0% |
| Reserves | 13 | €7,922 | €7,922 | = | 0.0% |
| Distributable reserves | 133 | €7,922 | €7,922 | = | 0.0% |
| Profit (loss) carried forward | 14 | €25,010 | €20,618 | -€4,393 | -17.6% |
| Amounts payable | 17/49 | €491,074 | €499,709 | +€8,635 | +1.8% |
| Amounts payable after more than one year | 17 | €250,710 | €251,855 | +€1,145 | +0.5% |
| Financial debts | 170/4 | €250,710 | €251,855 | +€1,145 | +0.5% |
| Amounts payable within one year | 42/48 | €240,365 | €247,854 | +€7,489 | +3.1% |
| Current portion of amounts payable after more than one year | 42 | €65,659 | €71,314 | +€5,655 | +8.6% |
| Financial debts | 43 | €6,160 | - | -€6,160 | |
| Credit institutions | 430/8 | €6,160 | - | -€6,160 | |
| Trade debts | 44 | €95,865 | €61,226 | -€34,639 | -36.1% |
| Suppliers | 440/4 | €95,865 | €61,226 | -€34,639 | -36.1% |
| Advances received on contracts in progress | 46 | - | €3,785 | +€3,785 | |
| Taxes, remuneration and social security | 45 | €3,673 | €17,416 | +€13,743 | +374.2% |
| Taxes | 450/3 | €167 | €1,437 | +€1,270 | +760.9% |
| Remuneration and social security | 454/9 | €3,506 | €15,979 | +€12,473 | +355.8% |
| Other amounts payable | 47/48 | €69,008 | €94,113 | +€25,105 | +36.4% |
| Remuneration, social security and pensions | 62 | €31,660 | €31,656 | -€4 | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,153 | €26,734 | -€2,419 | -8.3% |
| Other operating charges | 640/8 | €7,037 | - | -€7,037 | |
| Gross operating margin | 9900 | €73,057 | €71,487 | -€1,570 | -2.1% |
| Operating profit (loss) | 9901 | €5,207 | €13,098 | +€7,891 | +151.6% |
| Financial income | 75/76B | €6 | €6 | +€0 | +0.3% |
| Recurring financial income | 75 | €6 | €6 | +€0 | +0.3% |
| Financial charges | 65/66B | €15,759 | €17,495 | +€1,736 | +11.0% |
| Recurring financial charges | 65 | €15,759 | €17,495 | +€1,736 | +11.0% |
| Profit (loss) for the period before taxes | 9903 | -€10,546 | -€4,391 | +€6,155 | +58.4% |
| Income taxes | 67/77 | €2 | €2 | +€0 | +0.6% |
| Profit (loss) for the period | 9904 | -€10,548 | -€4,393 | +€6,155 | +58.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€10,548 | -€4,393 | +€6,155 | +58.4% |
Source: filed annual accounts (NBB), financial years ended 30 December 2024 and 30 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.