ELO CARGO: what changed
Two fiscal 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 CARGO
Largest movements
- Receivables within one year -€78,986
down €78,986 (-17.0%), from €463,720 to €384,734
- Cash -€45,058
down €45,058 (-74.1%), from €60,803 to €15,745
mainly Net result for the year (-€158,266) and Investment in fixed assets (net) (-€74,590)
- Profit (loss) carried forward -€158,266
down €158,266 (-97.6%), from €162,180 to €3,914
- Tax, wage and social debts +€19,844
up €19,844 (+12.2%), from €162,827 to €182,671
of which Taxes: +€41,906
- Trade debts +€16,858
up €16,858 (+5.0%), from €336,754 to €353,612
- Gross operating margin -€259,453
down €259,453 (-48.3%), from €536,769 to €277,316
- Depreciation +€28,250
up €28,250 (+64.4%), from €43,860 to €72,110
- Other operating charges +€20,434
up €20,434 (+149.1%), from €13,702 to €34,136
- Staff costs -€14,643
down €14,643 (-4.3%), from €336,725 to €322,082
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 | €673,531 | €551,967 | -€121,564 | -18.0% |
| Fixed assets | 21/28 | €149,008 | €151,488 | +€2,480 | +1.7% |
| Tangible fixed assets | 22/27 | €109,668 | €112,148 | +€2,480 | +2.3% |
| Plant, machinery and equipment | 23 | €1,181 | €1,026 | -€155 | -13.1% |
| Furniture and vehicles | 24 | €104,512 | €107,647 | +€3,135 | +3.0% |
| Other tangible fixed assets | 26 | €3,975 | €3,475 | -€500 | -12.6% |
| Financial fixed assets | 28 | €39,340 | €39,340 | = | 0.0% |
| Current assets | 29/58 | €524,523 | €400,479 | -€124,044 | -23.6% |
| Amounts receivable within one year | 40/41 | €463,720 | €384,734 | -€78,986 | -17.0% |
| Trade receivables | 40 | €463,720 | €384,734 | -€78,986 | -17.0% |
| Cash at bank and in hand | 54/58 | €60,803 | €15,745 | -€45,058 | -74.1% |
| Total equity and liabilities | 10/49 | €673,531 | €551,967 | -€121,564 | -18.0% |
| Equity | 10/15 | €173,950 | €15,684 | -€158,266 | -91.0% |
| Contributions | 10/11 | €9,910 | €9,910 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 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% |
| Profit (loss) carried forward | 14 | €162,180 | €3,914 | -€158,266 | -97.6% |
| Amounts payable | 17/49 | €499,581 | €536,283 | +€36,702 | +7.3% |
| Amounts payable within one year | 42/48 | €499,581 | €536,283 | +€36,702 | +7.3% |
| Trade debts | 44 | €336,754 | €353,612 | +€16,858 | +5.0% |
| Suppliers | 440/4 | €336,754 | €353,612 | +€16,858 | +5.0% |
| Taxes, remuneration and social security | 45 | €162,827 | €182,671 | +€19,844 | +12.2% |
| Taxes | 450/3 | €104,881 | €146,787 | +€41,906 | +40.0% |
| Remuneration and social security | 454/9 | €57,946 | €35,884 | -€22,062 | -38.1% |
| Remuneration, social security and pensions | 62 | €336,725 | €322,082 | -€14,643 | -4.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,860 | €72,110 | +€28,250 | +64.4% |
| Other operating charges | 640/8 | €13,702 | €34,136 | +€20,434 | +149.1% |
| Non-recurring operating charges | 66A | - | €3,120 | +€3,120 | |
| Gross operating margin | 9900 | €536,769 | €277,316 | -€259,453 | -48.3% |
| Operating profit (loss) | 9901 | €142,482 | -€154,132 | -€296,614 | |
| Financial income | 75/76B | €20 | €326 | +€306 | +1530.0% |
| Recurring financial income | 75 | €20 | €326 | +€306 | +1530.0% |
| Financial charges | 65/66B | €2,235 | €4,460 | +€2,225 | +99.6% |
| Recurring financial charges | 65 | €2,235 | €4,460 | +€2,225 | +99.6% |
| Profit (loss) for the period before taxes | 9903 | €140,267 | -€158,266 | -€298,533 | |
| Income taxes | 67/77 | €279 | - | -€279 | |
| Profit (loss) for the period | 9904 | €139,988 | -€158,266 | -€298,254 | |
| Profit (loss) for the period to be appropriated | 9905 | €139,988 | -€158,266 | -€298,254 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.