ELNEO PARTNERS: what changed
What changed
ELNEO PARTNERS
NACE 64.210, Activities of holding companies
filed annual accounts (NBB)
Net result for the year
€2.3m
2024 · €100,107+€2.2m
Equity
€11.0m
2024 · €8.6m+€2.4m
Cash
€77,544
2024 · €680,955-€603,411
Balance sheet total
€19.1m
2024 · €19.9m-€712,027
Largest movements
Assets
- Cash -€603,411
down €603,411 (-88.6%), from €680,955 to €77,544
mainly Debts after one year (-€1.8m) and Current portion of long-term debt (-€1.2m)
Equity and liabilities
- Debts after one year -€1.8m
down €1.8m (-21.2%), from €8.7m to €6.9m
- Profit (loss) carried forward +€1.3m
up €1.3m (+3,378%), from €39,502 to €1.4m
- Current portion of long-term debt -€1.2m
down €1.2m (-51.7%), from €2.4m to €1.2m
- Reserves +€903,815
up €903,815 (+3,615%), from €25,005 to €928,820
of which Non-distributable reserves: +€883,815
Income statement
- Financial income +€2.3m
up €2.3m (+5,932%), from €38,183 to €2.3m
- Turnover +€190,723
up €190,723 (+24.3%), from €785,000 to €975,723
- Services and other goods +€140,860
up €140,860 (+23.5%), from €598,671 to €739,531
- Financial charges +€136,066
up €136,066 (+83.3%), from €163,405 to €299,471
- Taxes -€18,322
down €18,322 (-87.2%), from €21,000 to €2,678
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
€100,107
Turnover
+€190,723
Other operating income
+€1,839
Services and other goods
-€140,860
Other operating charges
-€372
Financial income
+€2.3m
Financial charges
-€136,066
Taxes
+€18,322
Result 2025
€2.3m
raises the resultlowers the result
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
+€2.4m
Investment
+€13,016
Financing
-€3.0m
Cash 2024
€680,955
From operations (derived)
+€2.4m
Net result for the year
+€2.3m
Receivables within one year
+€95,600
Trade debts
+€3,747
Tax, wage and social debts
-€14,260
Other debts
+€25,138
Investment (derived)
+€13,016
Current investments
+€13,016
Financing
-€3.0m
Debts after one year
-€1.8m
Current portion of long-term debt
-€1.2m
Contributions, distributions and other
+€70,157
Cash 2025
€77,544
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €19,856,055 | €19,144,028 | -€712,027 | -3.6% |
| Fixed assets | 21/28 | €19,059,500 | €19,059,500 | = | 0.0% |
| Financial fixed assets | 28 | €19,059,500 | €19,059,500 | = | 0.0% |
| Affiliated companies | 280/1 | €18,859,000 | €18,859,000 | = | 0.0% |
| Participating interests | 280 | €18,859,000 | €18,859,000 | = | 0.0% |
| Companies linked by participating interests | 282/3 | €200,500 | €200,500 | = | 0.0% |
| Participating interests | 282 | €200,500 | €200,500 | = | 0.0% |
| Current assets | 29/58 | €796,555 | €84,528 | -€712,027 | -89.4% |
| Amounts receivable within one year | 40/41 | €95,600 | - | -€95,600 | |
| Other amounts receivable | 41 | €95,600 | - | -€95,600 | |
| Current investments | 50/53 | €20,000 | €6,984 | -€13,016 | -65.1% |
| Own shares | 50 | €20,000 | €6,984 | -€13,016 | -65.1% |
| Cash at bank and in hand | 54/58 | €680,955 | €77,544 | -€603,411 | -88.6% |
| Total equity and liabilities | 10/49 | €19,856,055 | €19,144,028 | -€712,027 | -3.6% |
| Equity | 10/15 | €8,628,507 | €10,997,454 | +€2.4m | +27.5% |
| Contributions | 10/11 | €8,564,000 | €8,694,895 | +€130,895 | +1.5% |
| Capital | 10 | €8,564,000 | €8,694,895 | +€130,895 | +1.5% |
| Issued capital | 100 | €8,813,500 | €9,018,364 | +€204,864 | +2.3% |
| Uncalled capital | 101 | €249,500 | €323,469 | +€73,969 | +29.6% |
| Reserves | 13 | €25,005 | €928,820 | +€903,815 | +3,615% |
| Non-distributable reserves | 130/1 | €25,005 | €908,820 | +€883,815 | +3,535% |
| Legal reserve | 130 | €5,005 | €901,836 | +€896,831 | +17,919% |
| Own shares acquired | 1312 | €20,000 | €6,984 | -€13,016 | -65.1% |
| Distributable reserves | 133 | - | €20,000 | +€20,000 | |
| Profit (loss) carried forward | 14 | €39,502 | €1,373,739 | +€1.3m | +3,378% |
| Amounts payable | 17/49 | €11,227,548 | €8,146,574 | -€3.1m | -27.4% |
| Amounts payable after more than one year | 17 | €8,741,502 | €6,892,338 | -€1.8m | -21.2% |
| Financial debts | 170/4 | €8,741,502 | €6,892,338 | -€1.8m | -21.2% |
| Credit institutions | 173 | €5,475,788 | €4,722,338 | -€753,450 | -13.8% |
| Other loans | 174 | €3,265,714 | €2,170,000 | -€1.1m | -33.6% |
| Amounts payable within one year | 42/48 | €2,486,046 | €1,254,236 | -€1.2m | -49.5% |
| Current portion of amounts payable after more than one year | 42 | €2,409,884 | €1,163,449 | -€1.2m | -51.7% |
| Trade debts | 44 | €5,667 | €9,414 | +€3,747 | +66.1% |
| Suppliers | 440/4 | €5,667 | €9,414 | +€3,747 | +66.1% |
| Taxes, remuneration and social security | 45 | €34,895 | €20,635 | -€14,260 | -40.9% |
| Taxes | 450/3 | €34,895 | €20,635 | -€14,260 | -40.9% |
| Other amounts payable | 47/48 | €35,600 | €60,738 | +€25,138 | +70.6% |
| Operating income | 70/76A | €845,000 | €1,037,562 | +€192,562 | +22.8% |
| Turnover | 70 | €785,000 | €975,723 | +€190,723 | +24.3% |
| Other operating income | 74 | €60,000 | €61,839 | +€1,839 | +3.1% |
| Operating charges | 60/66A | €598,671 | €739,903 | +€141,232 | +23.6% |
| Services and other goods | 61 | €598,671 | €739,531 | +€140,860 | +23.5% |
| Other operating charges | 640/8 | - | €372 | +€372 | |
| Operating profit (loss) | 9901 | €246,329 | €297,659 | +€51,330 | +20.8% |
| Financial income | 75/76B | €38,183 | €2,303,280 | +€2.3m | +5,932% |
| Recurring financial income | 75 | €38,183 | €2,303,280 | +€2.3m | +5,932% |
| Income from financial fixed assets | 750 | €35,600 | €2,300,000 | +€2.3m | +6,361% |
| Income from current assets | 751 | €2,583 | €3,280 | +€697 | +27.0% |
| Financial charges | 65/66B | €163,405 | €299,471 | +€136,066 | +83.3% |
| Recurring financial charges | 65 | €163,405 | €299,471 | +€136,066 | +83.3% |
| Debt charges | 650 | €163,405 | €299,251 | +€135,846 | +83.1% |
| Other financial charges | 652/9 | - | €220 | +€220 | |
| Profit (loss) for the period before taxes | 9903 | €121,107 | €2,301,468 | +€2.2m | +1,800% |
| Income taxes | 67/77 | €21,000 | €2,678 | -€18,322 | -87.2% |
| Taxes | 670/3 | €21,000 | €2,678 | -€18,322 | -87.2% |
| Profit (loss) for the period | 9904 | €100,107 | €2,298,790 | +€2.2m | +2,196% |
| Profit (loss) for the period to be appropriated | 9905 | €100,107 | €2,298,790 | +€2.2m | +2,196% |
Next steps
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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 2 November 2026 via checked.be.