ELLECON: 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.
ELLECON
Largest movements
- Tangible fixed assets +€95,617
up €95,617 (+553.9%), from €17,261 to €112,879
of which Land and buildings: +€55,843
- Cash -€3,686
down €3,686 (-47.3%), from €7,788 to €4,102
mainly Investment in fixed assets (net) (-€102,504) and Contributions, distributions and other (-€18,892)
- Receivables within one year -€3,449
down €3,449 (-3.4%), from €101,912 to €98,462
of which Other amounts receivable: -€13,469
- Stocks and contracts +€3,416
up €3,416 (+432.0%), from €791 to €4,207
- Intangible fixed assets -€3,000
down €3,000 (-10.3%), from €29,000 to €26,000
- Debts after one year +€65,993
up €65,993 (+348.9%), from €18,912 to €84,905
- Current portion of long-term debt +€17,232
up €17,232 (+126.7%), from €13,605 to €30,837
- Reserves +€16,108
up €16,108 (+41.4%), from €38,934 to €55,042
- Other debts -€10,616
down €10,616 (-37.4%), from €28,354 to €17,738
- Gross operating margin +€21,248
up €21,248 (+42.5%), from €49,972 to €71,219
- Depreciation +€5,063
up €5,063 (+105.0%), from €4,823 to €9,887
- Staff costs +€4,647
up €4,647 (+797.2%), from €583 to €5,230
- Financial charges +€4,386
up €4,386 (+75.5%), from €5,807 to €10,193
- Financial income +€2,566
up €2,566 (+169.4%), from €1,515 to €4,081
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 | €193,403 | €282,693 | +€89,290 | +46.2% |
| Fixed assets | 21/28 | €49,971 | €142,588 | +€92,617 | +185.3% |
| Intangible fixed assets | 21 | €29,000 | €26,000 | -€3,000 | -10.3% |
| Tangible fixed assets | 22/27 | €17,261 | €112,879 | +€95,617 | +553.9% |
| Land and buildings | 22 | - | €55,843 | +€55,843 | |
| Plant, machinery and equipment | 23 | €4,069 | €3,110 | -€959 | -23.6% |
| Furniture and vehicles | 24 | €3,275 | €2,127 | -€1,148 | -35.1% |
| Leasing and similar rights | 25 | - | €33,833 | +€33,833 | |
| Other tangible fixed assets | 26 | €9,918 | €17,966 | +€8,048 | +81.1% |
| Financial fixed assets | 28 | €3,710 | €3,710 | = | 0.0% |
| Current assets | 29/58 | €143,432 | €140,104 | -€3,327 | -2.3% |
| Amounts receivable after more than one year | 29 | €28,000 | €28,000 | = | 0.0% |
| Other amounts receivable | 291 | €28,000 | €28,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €791 | €4,207 | +€3,416 | +432.0% |
| Stocks | 30/36 | €791 | €4,207 | +€3,416 | +432.0% |
| Amounts receivable within one year | 40/41 | €101,912 | €98,462 | -€3,449 | -3.4% |
| Trade receivables | 40 | €5,008 | €15,028 | +€10,020 | +200.1% |
| Other amounts receivable | 41 | €96,903 | €83,434 | -€13,469 | -13.9% |
| Current investments | 50/53 | €4,599 | €3,860 | -€738 | -16.1% |
| Cash at bank and in hand | 54/58 | €7,788 | €4,102 | -€3,686 | -47.3% |
| Deferred charges and accrued income | 490/1 | €342 | €1,472 | +€1,130 | +330.4% |
| Total equity and liabilities | 10/49 | €193,403 | €282,693 | +€89,290 | +46.2% |
| Equity | 10/15 | €106,924 | €123,126 | +€16,202 | +15.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €38,934 | €55,042 | +€16,108 | +41.4% |
| Distributable reserves | 133 | €38,934 | €55,042 | +€16,108 | +41.4% |
| Profit (loss) carried forward | 14 | €61,790 | €61,884 | +€94 | +0.2% |
| Amounts payable | 17/49 | €86,479 | €159,567 | +€73,088 | +84.5% |
| Amounts payable after more than one year | 17 | €18,912 | €84,905 | +€65,993 | +348.9% |
| Financial debts | 170/4 | €18,912 | €84,905 | +€65,993 | +348.9% |
| Amounts payable within one year | 42/48 | €67,567 | €74,662 | +€7,096 | +10.5% |
| Current portion of amounts payable after more than one year | 42 | €13,605 | €30,837 | +€17,232 | +126.7% |
| Trade debts | 44 | €12,057 | €10,068 | -€1,989 | -16.5% |
| Suppliers | 440/4 | €12,057 | €10,068 | -€1,989 | -16.5% |
| Taxes, remuneration and social security | 45 | €13,549 | €16,019 | +€2,469 | +18.2% |
| Taxes | 450/3 | €13,381 | €15,850 | +€2,469 | +18.5% |
| Remuneration and social security | 454/9 | €169 | €169 | +€0 | +0.2% |
| Other amounts payable | 47/48 | €28,354 | €17,738 | -€10,616 | -37.4% |
| Remuneration, social security and pensions | 62 | €583 | €5,230 | +€4,647 | +797.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,823 | €9,887 | +€5,063 | +105.0% |
| Other operating charges | 640/8 | €448 | €1,546 | +€1,098 | +244.8% |
| Gross operating margin | 9900 | €49,972 | €71,219 | +€21,248 | +42.5% |
| Operating profit (loss) | 9901 | €44,117 | €54,557 | +€10,440 | +23.7% |
| Financial income | 75/76B | €1,515 | €4,081 | +€2,566 | +169.4% |
| Recurring financial income | 75 | €1,515 | €4,081 | +€2,566 | +169.4% |
| Financial charges | 65/66B | €5,807 | €10,193 | +€4,386 | +75.5% |
| Recurring financial charges | 65 | €5,807 | €10,193 | +€4,386 | +75.5% |
| Profit (loss) for the period before taxes | 9903 | €39,825 | €48,444 | +€8,620 | +21.6% |
| Income taxes | 67/77 | €12,980 | €13,350 | +€370 | +2.9% |
| Profit (loss) for the period | 9904 | €26,845 | €35,094 | +€8,249 | +30.7% |
| Profit (loss) for the period to be appropriated | 9905 | €26,845 | €35,094 | +€8,249 | +30.7% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.