ELO'DENS: 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'DENS
Largest movements
- Cash -€32,608
down €32,608 (-86.0%), from €37,898 to €5,290
mainly Investment in fixed assets (net) (-€29,939) and Contributions, distributions and other (-€29,627)
- Receivables within one year +€29,586
up €29,586 (+283.4%), from €10,440 to €40,026
- Tangible fixed assets +€24,757
up €24,757 (+4938.7%), from €501 to €25,259
- Deferred charges and accrued income +€2,798
up €2,798 (+32.2%), from €8,690 to €11,488
- Profit (loss) carried forward +€12,457
up €12,457 (+44.9%), from €27,767 to €40,224
- Current portion of long-term debt +€10,084
new in 2025: €10,084
- Debts after one year +€2,575
new in 2025: €2,575
- Reserves -€1,860
no longer reported in 2025 (was €1,860)
- Trade debts +€1,462
new in 2025: €1,462
- Gross operating margin +€19,212
up €19,212 (+50.2%), from €38,281 to €57,493
- Depreciation +€4,662
up €4,662 (+897.2%), from €520 to €5,182
- Taxes +€2,165
up €2,165 (+22.9%), from €9,453 to €11,618
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 | €57,680 | €82,064 | +€24,383 | +42.3% |
| Fixed assets | 21/28 | €501 | €25,259 | +€24,757 | +4938.7% |
| Tangible fixed assets | 22/27 | €501 | €25,259 | +€24,757 | +4938.7% |
| Furniture and vehicles | 24 | €501 | €25,259 | +€24,757 | +4938.7% |
| Current assets | 29/58 | €57,179 | €56,805 | -€374 | -0.7% |
| Amounts receivable after more than one year | 29 | €151 | - | -€151 | |
| Other amounts receivable | 291 | €151 | - | -€151 | |
| Amounts receivable within one year | 40/41 | €10,440 | €40,026 | +€29,586 | +283.4% |
| Other amounts receivable | 41 | €10,440 | €40,026 | +€29,586 | +283.4% |
| Cash at bank and in hand | 54/58 | €37,898 | €5,290 | -€32,608 | -86.0% |
| Deferred charges and accrued income | 490/1 | €8,690 | €11,488 | +€2,798 | +32.2% |
| Total equity and liabilities | 10/49 | €57,680 | €82,064 | +€24,383 | +42.3% |
| Equity | 10/15 | €48,227 | €58,824 | +€10,597 | +22.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | - | -€1,860 | |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Profit (loss) carried forward | 14 | €27,767 | €40,224 | +€12,457 | +44.9% |
| Amounts payable | 17/49 | €9,453 | €23,239 | +€13,786 | +145.8% |
| Amounts payable after more than one year | 17 | - | €2,575 | +€2,575 | |
| Financial debts | 170/4 | - | €2,575 | +€2,575 | |
| Amounts payable within one year | 42/48 | €9,453 | €20,664 | +€11,211 | +118.6% |
| Current portion of amounts payable after more than one year | 42 | - | €10,084 | +€10,084 | |
| Trade debts | 44 | - | €1,462 | +€1,462 | |
| Suppliers | 440/4 | - | €1,462 | +€1,462 | |
| Taxes, remuneration and social security | 45 | €9,453 | €9,118 | -€335 | -3.5% |
| Taxes | 450/3 | €9,453 | €9,118 | -€335 | -3.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €520 | €5,182 | +€4,662 | +897.2% |
| Other operating charges | 640/8 | €713 | €569 | -€144 | -20.2% |
| Gross operating margin | 9900 | €38,281 | €57,493 | +€19,212 | +50.2% |
| Operating profit (loss) | 9901 | €37,048 | €51,742 | +€14,694 | +39.7% |
| Financial income | 75/76B | €462 | €970 | +€508 | +110.0% |
| Recurring financial income | 75 | €462 | €970 | +€508 | +110.0% |
| Financial charges | 65/66B | €327 | €870 | +€543 | +166.0% |
| Recurring financial charges | 65 | €327 | €870 | +€543 | +166.0% |
| Profit (loss) for the period before taxes | 9903 | €37,183 | €51,842 | +€14,660 | +39.4% |
| Income taxes | 67/77 | €9,453 | €11,618 | +€2,165 | +22.9% |
| Profit (loss) for the period | 9904 | €27,730 | €40,224 | +€12,494 | +45.1% |
| Profit (loss) for the period to be appropriated | 9905 | €27,730 | €40,224 | +€12,494 | +45.1% |
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 6 October 2026 via checked.be.