ELNO CONSTRUCT: 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.
ELNO CONSTRUCT
Largest movements
- Tangible fixed assets +€16,114
up €16,114 (+584.4%), from €2,757 to €18,871
of which Furniture and vehicles: +€16,394
- Receivables within one year +€9,070
up €9,070 (+16.7%), from €54,354 to €63,424
of which Other amounts receivable: +€40,138
- Cash +€3,732
up €3,732 (+24.7%), from €15,097 to €18,829
mainly Net result for the year (+€21,281) and Other debts (+€5,426)
- Profit (loss) carried forward +€21,281
up €21,281 (+79.4%), from -€26,811 to -€5,530
- Other debts +€5,426
up €5,426 (+191.6%), from €2,832 to €8,258
- Tax, wage and social debts +€2,616
up €2,616 (+34.0%), from €7,683 to €10,299
- Gross operating margin +€30,847
up €30,847, from -€6,418 to €24,430
- Depreciation +€1,527
up €1,527 (+2948.5%), from €52 to €1,579
- Other operating charges +€397
up €397 (+54.0%), from €736 to €1,132
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 | €175,387 | €203,954 | +€28,567 | +16.3% |
| Fixed assets | 21/28 | €2,757 | €18,871 | +€16,114 | +584.4% |
| Tangible fixed assets | 22/27 | €2,757 | €18,871 | +€16,114 | +584.4% |
| Plant, machinery and equipment | 23 | €2,757 | €2,477 | -€280 | -10.2% |
| Furniture and vehicles | 24 | €0 | €16,394 | +€16,394 | |
| Current assets | 29/58 | €172,629 | €185,083 | +€12,453 | +7.2% |
| Stocks and contracts in progress | 3 | €101,600 | €101,500 | -€100 | -0.1% |
| Stocks | 30/36 | €101,600 | €101,500 | -€100 | -0.1% |
| Amounts receivable within one year | 40/41 | €54,354 | €63,424 | +€9,070 | +16.7% |
| Trade receivables | 40 | €50,490 | €19,422 | -€31,068 | -61.5% |
| Other amounts receivable | 41 | €3,864 | €44,002 | +€40,138 | +1038.8% |
| Cash at bank and in hand | 54/58 | €15,097 | €18,829 | +€3,732 | +24.7% |
| Deferred charges and accrued income | 490/1 | €1,578 | €1,330 | -€248 | -15.7% |
| Total equity and liabilities | 10/49 | €175,387 | €203,954 | +€28,567 | +16.3% |
| Equity | 10/15 | €8,889 | €30,170 | +€21,281 | +239.4% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €15,700 | €15,700 | = | 0.0% |
| Distributable reserves | 133 | €15,700 | €15,700 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€26,811 | -€5,530 | +€21,281 | +79.4% |
| Amounts payable | 17/49 | €166,498 | €173,784 | +€7,286 | +4.4% |
| Amounts payable after more than one year | 17 | €150,000 | €150,000 | = | 0.0% |
| Financial debts | 170/4 | €150,000 | €150,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €16,498 | €23,784 | +€7,286 | +44.2% |
| Trade debts | 44 | €5,983 | €5,228 | -€755 | -12.6% |
| Suppliers | 440/4 | €5,983 | €5,228 | -€755 | -12.6% |
| Taxes, remuneration and social security | 45 | €7,683 | €10,299 | +€2,616 | +34.0% |
| Taxes | 450/3 | €7,683 | €10,299 | +€2,616 | +34.0% |
| Other amounts payable | 47/48 | €2,832 | €8,258 | +€5,426 | +191.6% |
| Remuneration, social security and pensions | 62 | - | €80 | +€80 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €52 | €1,579 | +€1,527 | +2948.5% |
| Other operating charges | 640/8 | €736 | €1,132 | +€397 | +54.0% |
| Gross operating margin | 9900 | -€6,418 | €24,430 | +€30,847 | |
| Operating profit (loss) | 9901 | -€7,205 | €21,639 | +€28,844 | |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €255 | €128 | -€127 | -49.9% |
| Recurring financial charges | 65 | €255 | €128 | -€127 | -49.9% |
| Profit (loss) for the period before taxes | 9903 | -€7,459 | €21,511 | +€28,971 | |
| Income taxes | 67/77 | €242 | €230 | -€12 | -5.1% |
| Profit (loss) for the period | 9904 | -€7,702 | €21,281 | +€28,983 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,702 | €21,281 | +€28,983 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.