ELNEO: what changed
What changed
ELNEO
NACE 46.649, Wholesale of other machinery and equipment
filed annual accounts (NBB)
Net result for the year
€248,975
2024 · €684,691-€435,716
Equity
€6.8m
2024 · €7.6m-€832,158
Cash
€2.0m
2024 · €1.3m+€688,147
Balance sheet total
€14.0m
2024 · €14.9m-€877,573
Largest movements
Assets
- Receivables within one year -€943,474
down €943,474 (-12.1%), from €7.8m to €6.8m
of which Other amounts receivable: -€1.3m
- Cash +€688,147
up €688,147 (+54.4%), from €1.3m to €2.0m
mainly Receivables within one year (+€943,474) and Depreciation (+€528,435)
- Current investments -€500,000
no longer reported in 2025 (was €500,000)
- Tangible fixed assets -€248,721
down €248,721 (-9.1%), from €2.7m to €2.5m
of which Land and buildings: -€171,446
- Stocks and contracts +€204,403
up €204,403 (+11.1%), from €1.8m to €2.0m
Equity and liabilities
- Debts after one year -€507,082
down €507,082 (-15.9%), from €3.2m to €2.7m
- Reserves -€487,607
down €487,607 (-7.4%), from €6.6m to €6.1m
of which Non-distributable reserves: -€310,000
- Profit (loss) carried forward -€363,418
down €363,418 (-88.6%), from €410,168 to €46,750
Income statement
- Staff costs +€443,181
up €443,181 (+9.7%), from €4.6m to €5.0m
- Goods and materials -€306,411
down €306,411 (-2.7%), from €11.3m to €10.9m
of which Purchases: -€203,407
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€684,691
Turnover
-€181,193
Other operating income
+€110,635
Goods and materials
+€306,411
Services and other goods
-€139,028
Staff costs
-€443,181
Depreciation
-€55,490
Write-downs
-€155,587
Provisions
+€10,523
Other operating charges
+€26,599
Other operating items
-€21,622
Financial income
+€21,157
Financial charges
-€43,617
Taxes
+€128,677
Result 2025
€248,975
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€2.0m
Investment
+€247,922
Financing
-€1.6m
Cash 2024
€1.3m
From operations (derived)
+€2.0m
Net result for the year
+€248,975
Depreciation
+€528,435
Receivables after one year
+€66,962
Stocks and contracts
-€204,403
Receivables within one year
+€943,474
Deferred charges and accrued income
-€16,670
Provisions
-€17,115
Trade debts
+€114,530
Tax, wage and social debts
+€82,785
Advances received
+€129,638
Other debts
-€21,664
Accrued charges and deferred income
+€147,504
Investment (derived)
+€247,922
Investment in fixed assets (net)
-€252,078
Current investments
+€500,000
Financing
-€1.6m
Debts after one year
-€507,082
Current portion of long-term debt
+€25,989
Contributions, distributions and other
-€1.1m
Cash 2025
€2.0m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €14,853,472 | €13,975,899 | -€877,573 | -5.9% |
| Fixed assets | 21/28 | €2,951,595 | €2,675,238 | -€276,357 | -9.4% |
| Intangible fixed assets | 21 | €158,736 | €132,281 | -€26,455 | -16.7% |
| Tangible fixed assets | 22/27 | €2,736,160 | €2,487,439 | -€248,721 | -9.1% |
| Land and buildings | 22 | €1,987,339 | €1,815,893 | -€171,446 | -8.6% |
| Plant, machinery and equipment | 23 | €56,011 | €41,622 | -€14,389 | -25.7% |
| Furniture and vehicles | 24 | €602,717 | €549,056 | -€53,661 | -8.9% |
| Other tangible fixed assets | 26 | €90,093 | €80,868 | -€9,225 | -10.2% |
| Financial fixed assets | 28 | €56,699 | €55,518 | -€1,181 | -2.1% |
| Other financial fixed assets | 284/8 | €56,699 | €55,518 | -€1,181 | -2.1% |
| Shares | 284 | €13,250 | €13,250 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €43,449 | €42,268 | -€1,181 | -2.7% |
| Current assets | 29/58 | €11,901,877 | €11,300,661 | -€601,216 | -5.1% |
| Amounts receivable after more than one year | 29 | €379,832 | €312,870 | -€66,962 | -17.6% |
| Trade receivables | 290 | €379,832 | €312,870 | -€66,962 | -17.6% |
| Stocks and contracts in progress | 3 | €1,844,756 | €2,049,159 | +€204,403 | +11.1% |
| Stocks | 30/36 | €1,844,756 | €2,049,159 | +€204,403 | +11.1% |
| Goods purchased for resale | 34 | €1,844,756 | €2,049,159 | +€204,403 | +11.1% |
| Amounts receivable within one year | 40/41 | €7,766,321 | €6,822,847 | -€943,474 | -12.1% |
| Trade receivables | 40 | €3,839,765 | €4,181,205 | +€341,440 | +8.9% |
| Other amounts receivable | 41 | €3,926,556 | €2,641,642 | -€1.3m | -32.7% |
| Current investments | 50/53 | €500,000 | - | -€500,000 | |
| Other investments | 51/53 | €500,000 | - | -€500,000 | |
| Cash at bank and in hand | 54/58 | €1,263,992 | €1,952,139 | +€688,147 | +54.4% |
| Deferred charges and accrued income | 490/1 | €146,976 | €163,646 | +€16,670 | +11.3% |
| Total equity and liabilities | 10/49 | €14,853,472 | €13,975,899 | -€877,573 | -5.9% |
| Equity | 10/15 | €7,584,146 | €6,751,988 | -€832,158 | -11.0% |
| Contributions | 10/11 | €500,000 | €500,000 | = | 0.0% |
| Capital | 10 | €500,000 | €500,000 | = | 0.0% |
| Issued capital | 100 | €500,000 | €500,000 | = | 0.0% |
| Reserves | 13 | €6,556,347 | €6,068,740 | -€487,607 | -7.4% |
| Non-distributable reserves | 130/1 | €5,865,000 | €5,555,000 | -€310,000 | -5.3% |
| Legal reserve | 130 | €75,000 | €75,000 | = | 0.0% |
| Financial assistance | 1313 | €5,790,000 | €5,480,000 | -€310,000 | -5.4% |
| Tax-exempt reserves | 132 | €691,347 | €513,740 | -€177,607 | -25.7% |
| Profit (loss) carried forward | 14 | €410,168 | €46,750 | -€363,418 | -88.6% |
| Investment grants | 15 | €117,631 | €136,498 | +€18,867 | +16.0% |
| Provisions and deferred taxes | 16 | €126,514 | €109,399 | -€17,115 | -13.5% |
| Provisions for liabilities and charges | 160/5 | €94,208 | €81,708 | -€12,500 | -13.3% |
| Other liabilities and charges | 164/5 | €94,208 | €81,708 | -€12,500 | -13.3% |
| Deferred taxes | 168 | €32,306 | €27,691 | -€4,615 | -14.3% |
| Amounts payable | 17/49 | €7,142,812 | €7,114,512 | -€28,300 | -0.4% |
| Amounts payable after more than one year | 17 | €3,180,326 | €2,673,244 | -€507,082 | -15.9% |
| Financial debts | 170/4 | €3,180,326 | €2,673,244 | -€507,082 | -15.9% |
| Credit institutions | 173 | €3,180,326 | €2,673,244 | -€507,082 | -15.9% |
| Amounts payable within one year | 42/48 | €3,653,421 | €3,984,699 | +€331,278 | +9.1% |
| Current portion of amounts payable after more than one year | 42 | €557,788 | €583,777 | +€25,989 | +4.7% |
| Trade debts | 44 | €1,568,661 | €1,683,191 | +€114,530 | +7.3% |
| Suppliers | 440/4 | €1,568,661 | €1,683,191 | +€114,530 | +7.3% |
| Advances received on contracts in progress | 46 | €238,133 | €367,771 | +€129,638 | +54.4% |
| Taxes, remuneration and social security | 45 | €865,847 | €948,632 | +€82,785 | +9.6% |
| Taxes | 450/3 | €337,598 | €361,217 | +€23,619 | +7.0% |
| Remuneration and social security | 454/9 | €528,249 | €587,415 | +€59,166 | +11.2% |
| Other amounts payable | 47/48 | €422,992 | €401,328 | -€21,664 | -5.1% |
| Accrued charges and deferred income | 492/3 | €309,065 | €456,569 | +€147,504 | +47.7% |
| Operating income | 70/76A | €19,855,572 | €19,736,159 | -€119,413 | -0.6% |
| Turnover | 70 | €19,288,934 | €19,107,741 | -€181,193 | -0.9% |
| Other operating income | 74 | €514,548 | €625,183 | +€110,635 | +21.5% |
| Non-recurring operating income | 76A | €52,090 | €3,235 | -€48,855 | -93.8% |
| Operating charges | 60/66A | €19,043,960 | €19,466,480 | +€422,520 | +2.2% |
| Goods for resale, raw materials and consumables | 60 | €11,253,012 | €10,946,601 | -€306,411 | -2.7% |
| Purchases | 600/8 | €11,318,126 | €11,114,719 | -€203,407 | -1.8% |
| Change in stocks: decrease (increase) | 609 | -€65,114 | -€168,118 | -€103,004 | -158% |
| Services and other goods | 61 | €2,541,580 | €2,680,608 | +€139,028 | +5.5% |
| Remuneration, social security and pensions | 62 | €4,574,128 | €5,017,309 | +€443,181 | +9.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €472,945 | €528,435 | +€55,490 | +11.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €61,823 | €217,410 | +€155,587 | +252% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€1,977 | -€12,500 | -€10,523 | -532% |
| Other operating charges | 640/8 | €115,216 | €88,617 | -€26,599 | -23.1% |
| Non-recurring operating charges | 66A | €27,233 | - | -€27,233 | |
| Operating profit (loss) | 9901 | €811,612 | €269,679 | -€541,933 | -66.8% |
| Financial income | 75/76B | €235,074 | €256,231 | +€21,157 | +9.0% |
| Recurring financial income | 75 | €235,074 | €256,231 | +€21,157 | +9.0% |
| Income from current assets | 751 | €155,451 | €141,385 | -€14,066 | -9.0% |
| Other financial income | 752/9 | €79,623 | €114,846 | +€35,223 | +44.2% |
| Financial charges | 65/66B | €121,794 | €165,411 | +€43,617 | +35.8% |
| Recurring financial charges | 65 | €121,794 | €165,411 | +€43,617 | +35.8% |
| Debt charges | 650 | €79,305 | €96,231 | +€16,926 | +21.3% |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals) | 651 | €34,645 | - | -€34,645 | |
| Other financial charges | 652/9 | €7,844 | €69,180 | +€61,336 | +782% |
| Profit (loss) for the period before taxes | 9903 | €924,892 | €360,499 | -€564,393 | -61.0% |
| Transfer from deferred taxes | 780 | €4,615 | €4,615 | = | 0.0% |
| Income taxes | 67/77 | €244,816 | €116,139 | -€128,677 | -52.6% |
| Taxes | 670/3 | €244,816 | €116,139 | -€128,677 | -52.6% |
| Profit (loss) for the period | 9904 | €684,691 | €248,975 | -€435,716 | -63.6% |
| Transfer from tax-exempt reserves | 789 | €219,706 | €177,607 | -€42,099 | -19.2% |
| Transfer to tax-exempt reserves | 689 | €168,400 | - | -€168,400 | |
| Profit (loss) for the period to be appropriated | 9905 | €735,997 | €426,582 | -€309,415 | -42.0% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.