ELLIOTTECH: 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.
ELLIOTTECH
Largest movements
- Cash +€21,287
up €21,287 (+76.5%), from €27,839 to €49,126
mainly Net result for the year (+€25,491) and Other debts (+€1,501)
- Tangible fixed assets +€3,019
up €3,019 (+123.5%), from €2,444 to €5,462
of which Other tangible fixed assets: +€2,981
- Profit (loss) carried forward +€25,491
up €25,491 (+70.9%), from €35,931 to €61,422
- Tax, wage and social debts -€1,981
down €1,981 (-10.5%), from €18,939 to €16,958
- Other debts +€1,501
up €1,501 (+25707.7%), from €6 to €1,507
- Gross operating margin -€11,590
down €11,590 (-24.9%), from €46,459 to €34,870
- Taxes -€2,416
down €2,416 (-26.1%), from €9,265 to €6,850
- Depreciation +€768
up €768 (+138.4%), from €555 to €1,322
- Financial charges +€625
up €625 (+107.4%), from €582 to €1,206
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 | €58,396 | €83,561 | +€25,165 | +43.1% |
| Fixed assets | 21/28 | €2,444 | €5,462 | +€3,019 | +123.5% |
| Tangible fixed assets | 22/27 | €2,444 | €5,462 | +€3,019 | +123.5% |
| Furniture and vehicles | 24 | €2,444 | €2,482 | +€38 | +1.6% |
| Other tangible fixed assets | 26 | - | €2,981 | +€2,981 | |
| Current assets | 29/58 | €55,953 | €78,099 | +€22,146 | +39.6% |
| Amounts receivable within one year | 40/41 | €26,786 | €27,611 | +€825 | +3.1% |
| Trade receivables | 40 | €26,786 | €27,606 | +€820 | +3.1% |
| Other amounts receivable | 41 | - | €5 | +€5 | |
| Cash at bank and in hand | 54/58 | €27,839 | €49,126 | +€21,287 | +76.5% |
| Deferred charges and accrued income | 490/1 | €1,328 | €1,362 | +€34 | +2.6% |
| Total equity and liabilities | 10/49 | €58,396 | €83,561 | +€25,165 | +43.1% |
| Equity | 10/15 | €36,931 | €62,422 | +€25,491 | +69.0% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €35,931 | €61,422 | +€25,491 | +70.9% |
| Amounts payable | 17/49 | €21,465 | €21,139 | -€326 | -1.5% |
| Amounts payable within one year | 42/48 | €19,965 | €19,639 | -€326 | -1.6% |
| Trade debts | 44 | €1,021 | €1,174 | +€153 | +15.0% |
| Suppliers | 440/4 | €1,021 | €1,174 | +€153 | +15.0% |
| Taxes, remuneration and social security | 45 | €18,939 | €16,958 | -€1,981 | -10.5% |
| Taxes | 450/3 | €18,939 | €16,958 | -€1,981 | -10.5% |
| Other amounts payable | 47/48 | €6 | €1,507 | +€1,501 | +25707.7% |
| Accrued charges and deferred income | 492/3 | €1,500 | €1,500 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €555 | €1,322 | +€768 | +138.4% |
| Other operating charges | 640/8 | €126 | €0 | -€126 | -100.0% |
| Gross operating margin | 9900 | €46,459 | €34,870 | -€11,590 | -24.9% |
| Operating profit (loss) | 9901 | €45,778 | €33,547 | -€12,231 | -26.7% |
| Financial charges | 65/66B | €582 | €1,206 | +€625 | +107.4% |
| Recurring financial charges | 65 | €582 | €1,206 | +€625 | +107.4% |
| Profit (loss) for the period before taxes | 9903 | €45,197 | €32,341 | -€12,856 | -28.4% |
| Income taxes | 67/77 | €9,265 | €6,850 | -€2,416 | -26.1% |
| Profit (loss) for the period | 9904 | €35,931 | €25,491 | -€10,440 | -29.1% |
| Profit (loss) for the period to be appropriated | 9905 | €35,931 | €25,491 | -€10,440 | -29.1% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.