ELLOCOM: 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.
ELLOCOM
Largest movements
- Receivables after one year +€158,500
up €158,500 (+59.7%), from €265,375 to €423,875
- Cash -€93,381
down €93,381 (-90.7%), from €102,999 to €9,618
mainly Receivables after one year (-€158,500) and Deferred charges and accrued income (-€6,499)
- Receivables within one year -€13,705
no longer reported in 2025 (was €13,705)
of which Trade receivables: -€8,386
- Deferred charges and accrued income +€6,499
up €6,499 (+72.1%), from €9,009 to €15,508
- Profit (loss) carried forward +€48,823
up €48,823 (+15.1%), from €322,353 to €371,177
- Tax, wage and social debts +€6,093
up €6,093 (+25.4%), from €24,000 to €30,093
- Gross operating margin +€65,825
up €65,825, from -€15,677 to €50,148
- Taxes +€10,893
new in 2025: €10,893
- Financial income +€6,499
up €6,499 (+72.1%), from €9,009 to €15,508
- Other operating charges -€1,235
down €1,235 (-87.4%), from €1,413 to €178
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 | €398,903 | €455,451 | +€56,548 | +14.2% |
| Fixed assets | 21/28 | €7,816 | €6,450 | -€1,366 | -17.5% |
| Tangible fixed assets | 22/27 | €7,816 | €6,450 | -€1,366 | -17.5% |
| Furniture and vehicles | 24 | €5,691 | €5,310 | -€381 | -6.7% |
| Other tangible fixed assets | 26 | €2,125 | €1,140 | -€985 | -46.4% |
| Current assets | 29/58 | €391,088 | €449,001 | +€57,914 | +14.8% |
| Amounts receivable after more than one year | 29 | €265,375 | €423,875 | +€158,500 | +59.7% |
| Other amounts receivable | 291 | €265,375 | €423,875 | +€158,500 | +59.7% |
| Amounts receivable within one year | 40/41 | €13,705 | - | -€13,705 | |
| Trade receivables | 40 | €8,386 | - | -€8,386 | |
| Other amounts receivable | 41 | €5,319 | - | -€5,319 | |
| Cash at bank and in hand | 54/58 | €102,999 | €9,618 | -€93,381 | -90.7% |
| Deferred charges and accrued income | 490/1 | €9,009 | €15,508 | +€6,499 | +72.1% |
| Total equity and liabilities | 10/49 | €398,903 | €455,451 | +€56,548 | +14.2% |
| Equity | 10/15 | €372,413 | €421,237 | +€48,823 | +13.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €43,860 | €43,860 | = | 0.0% |
| Distributable reserves | 133 | €43,860 | €43,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €322,353 | €371,177 | +€48,823 | +15.1% |
| Amounts payable | 17/49 | €26,490 | €34,214 | +€7,724 | +29.2% |
| Amounts payable within one year | 42/48 | €26,490 | €34,214 | +€7,724 | +29.2% |
| Trade debts | 44 | - | €3,920 | +€3,920 | |
| Suppliers | 440/4 | - | €3,920 | +€3,920 | |
| Taxes, remuneration and social security | 45 | €24,000 | €30,093 | +€6,093 | +25.4% |
| Taxes | 450/3 | €24,000 | €30,093 | +€6,093 | +25.4% |
| Other amounts payable | 47/48 | €2,490 | €201 | -€2,289 | -91.9% |
| Non-recurring operating income | 76A | €1,000 | - | -€1,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,555 | €4,613 | +€58 | +1.3% |
| Other operating charges | 640/8 | €1,413 | €178 | -€1,235 | -87.4% |
| Gross operating margin | 9900 | -€15,677 | €50,148 | +€65,825 | |
| Operating profit (loss) | 9901 | -€21,645 | €45,358 | +€67,002 | |
| Financial income | 75/76B | €9,009 | €15,508 | +€6,499 | +72.1% |
| Recurring financial income | 75 | €9,009 | €15,508 | +€6,499 | +72.1% |
| Financial charges | 65/66B | €1,643 | €1,150 | -€494 | -30.0% |
| Recurring financial charges | 65 | €1,643 | €1,150 | -€494 | -30.0% |
| Profit (loss) for the period before taxes | 9903 | -€14,279 | €59,716 | +€73,995 | |
| Income taxes | 67/77 | - | €10,893 | +€10,893 | |
| Profit (loss) for the period | 9904 | -€14,279 | €48,823 | +€63,102 | |
| Profit (loss) for the period to be appropriated | 9905 | -€14,279 | €48,823 | +€63,102 |
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 2 October 2026 via checked.be.