ELNOUR: 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.
ELNOUR
Largest movements
- Cash +€11,539
up €11,539 (+8.5%), from €136,512 to €148,051
mainly Trade debts (+€10,653) and Net result for the year (+€8,722)
- Tangible fixed assets -€7,049
down €7,049 (-30.6%), from €23,051 to €16,001
- Tax, wage and social debts -€11,815
down €11,815 (-36.1%), from €32,728 to €20,913
of which Remuneration and social security: -€7,588
- Trade debts +€10,653
up €10,653 (+95.0%), from €11,215 to €21,868
- Profit (loss) carried forward +€8,722
up €8,722 (+9.3%), from €94,082 to €102,804
- Other debts -€3,379
down €3,379 (-55.9%), from €6,044 to €2,665
- Gross operating margin -€12,843
down €12,843 (-9.5%), from €134,755 to €121,911
- Other operating charges -€3,163
down €3,163 (-49.4%), from €6,400 to €3,237
- Taxes +€2,536
up €2,536 (+72.3%), from €3,508 to €6,044
- Staff costs +€2,096
up €2,096 (+2.3%), from €92,384 to €94,480
- Depreciation +€1,892
up €1,892 (+36.7%), from €5,157 to €7,049
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.
Derived cash bridge
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 | €177,769 | €181,950 | +€4,181 | +2.4% |
| Fixed assets | 21/28 | €24,827 | €17,707 | -€7,121 | -28.7% |
| Tangible fixed assets | 22/27 | €23,051 | €16,001 | -€7,049 | -30.6% |
| Land and buildings | 22 | €4,723 | €4,109 | -€614 | -13.0% |
| Plant, machinery and equipment | 23 | €6,069 | €3,140 | -€2,929 | -48.3% |
| Furniture and vehicles | 24 | €10,274 | €7,551 | -€2,723 | -26.5% |
| Other tangible fixed assets | 26 | €1,985 | €1,201 | -€783 | -39.5% |
| Financial fixed assets | 28 | €1,777 | €1,705 | -€72 | -4.0% |
| Current assets | 29/58 | €152,941 | €164,243 | +€11,302 | +7.4% |
| Stocks and contracts in progress | 3 | €15,000 | €15,000 | = | 0.0% |
| Stocks | 30/36 | €15,000 | €15,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €1,429 | €1,191 | -€238 | -16.6% |
| Other amounts receivable | 41 | €1,429 | €1,191 | -€238 | -16.6% |
| Cash at bank and in hand | 54/58 | €136,512 | €148,051 | +€11,539 | +8.5% |
| Total equity and liabilities | 10/49 | €177,769 | €181,950 | +€4,181 | +2.4% |
| Equity | 10/15 | €114,782 | €123,504 | +€8,722 | +7.6% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €2,108 | €2,108 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €248 | €248 | = | 0.0% |
| Profit (loss) carried forward | 14 | €94,082 | €102,804 | +€8,722 | +9.3% |
| Provisions and deferred taxes | 16 | €13,000 | €13,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €13,000 | €13,000 | = | 0.0% |
| Major repairs and maintenance | 162 | €9,000 | €9,000 | = | 0.0% |
| Other liabilities and charges | 164/5 | €4,000 | €4,000 | = | 0.0% |
| Amounts payable | 17/49 | €49,987 | €45,446 | -€4,541 | -9.1% |
| Amounts payable within one year | 42/48 | €49,987 | €45,446 | -€4,541 | -9.1% |
| Trade debts | 44 | €11,215 | €21,868 | +€10,653 | +95.0% |
| Suppliers | 440/4 | €11,215 | €21,868 | +€10,653 | +95.0% |
| Taxes, remuneration and social security | 45 | €32,728 | €20,913 | -€11,815 | -36.1% |
| Taxes | 450/3 | €16,182 | €11,956 | -€4,226 | -26.1% |
| Remuneration and social security | 454/9 | €16,546 | €8,957 | -€7,588 | -45.9% |
| Other amounts payable | 47/48 | €6,044 | €2,665 | -€3,379 | -55.9% |
| Remuneration, social security and pensions | 62 | €92,384 | €94,480 | +€2,096 | +2.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,157 | €7,049 | +€1,892 | +36.7% |
| Other operating charges | 640/8 | €6,400 | €3,237 | -€3,163 | -49.4% |
| Gross operating margin | 9900 | €134,755 | €121,911 | -€12,843 | -9.5% |
| Operating profit (loss) | 9901 | €30,813 | €17,145 | -€13,668 | -44.4% |
| Financial income | 75/76B | €45 | €45 | -€0 | -1.1% |
| Recurring financial income | 75 | €45 | €45 | -€0 | -1.1% |
| Financial charges | 65/66B | €2,191 | €2,423 | +€232 | +10.6% |
| Recurring financial charges | 65 | €2,191 | €2,423 | +€232 | +10.6% |
| Profit (loss) for the period before taxes | 9903 | €28,667 | €14,766 | -€13,901 | -48.5% |
| Income taxes | 67/77 | €3,508 | €6,044 | +€2,536 | +72.3% |
| Profit (loss) for the period | 9904 | €25,158 | €8,722 | -€16,436 | -65.3% |
| Profit (loss) for the period to be appropriated | 9905 | €25,158 | €8,722 | -€16,436 | -65.3% |
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 17 October 2026 via checked.be.