ELO-ART: 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.
ELO-ART
Largest movements
- Formation expenses -€1,002
down €1,002 (-28.4%), from €3,524 to €2,521
- Deferred charges and accrued income +€73
new in 2025: €73
- Profit (loss) carried forward -€3,280
down €3,280 (-60.6%), from -€5,412 to -€8,692
- Other debts +€2,600
up €2,600 (+37.2%), from €6,989 to €9,589
- Trade debts -€249
down €249 (-72.2%), from €345 to €96
- Gross operating margin +€607
up €607 (+22.5%), from -€2,691 to -€2,084
- Other operating charges -€212
down €212 (-52.3%), from €405 to €193
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 | €6,922 | €5,993 | -€929 | -13.4% |
| Formation expenses | 20 | €3,524 | €2,521 | -€1,002 | -28.4% |
| Current assets | 29/58 | €3,398 | €3,471 | +€73 | +2.2% |
| Cash at bank and in hand | 54/58 | €3,398 | €3,398 | = | 0.0% |
| Deferred charges and accrued income | 490/1 | - | €73 | +€73 | |
| Total equity and liabilities | 10/49 | €6,922 | €5,993 | -€929 | -13.4% |
| Equity | 10/15 | -€412 | -€3,692 | -€3,280 | -796% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€5,412 | -€8,692 | -€3,280 | -60.6% |
| Amounts payable | 17/49 | €7,334 | €9,685 | +€2,351 | +32.1% |
| Amounts payable within one year | 42/48 | €7,334 | €9,685 | +€2,351 | +32.1% |
| Trade debts | 44 | €345 | €96 | -€249 | -72.2% |
| Suppliers | 440/4 | €345 | €96 | -€249 | -72.2% |
| Other amounts payable | 47/48 | €6,989 | €9,589 | +€2,600 | +37.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,002 | €1,002 | +€0 | 0.0% |
| Other operating charges | 640/8 | €405 | €193 | -€212 | -52.3% |
| Gross operating margin | 9900 | -€2,691 | -€2,084 | +€607 | +22.5% |
| Operating profit (loss) | 9901 | -€4,099 | -€3,280 | +€819 | +20.0% |
| Financial charges | 65/66B | €19 | €0 | -€19 | -100% |
| Recurring financial charges | 65 | €19 | €0 | -€19 | -100% |
| Profit (loss) for the period before taxes | 9903 | -€4,118 | -€3,280 | +€838 | +20.3% |
| Profit (loss) for the period | 9904 | -€4,118 | -€3,280 | +€838 | +20.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,118 | -€3,280 | +€838 | +20.3% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.