ELO FACTORY: 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 FACTORY
Largest movements
- Cash -€38,895
down €38,895 (-62.4%), from €62,372 to €23,477
mainly Trade debts (-€62,088) and Tax, wage and social debts (-€11,242)
- Receivables within one year -€24,961
down €24,961 (-59.2%), from €42,195 to €17,234
of which Trade receivables: -€26,292
- Tangible fixed assets -€8,981
down €8,981 (-34.9%), from €25,763 to €16,782
of which Leasing and similar rights: -€6,760
- Deferred charges and accrued income -€1,356
down €1,356 (-33.5%), from €4,047 to €2,690
- Trade debts -€62,088
down €62,088 (-91.2%), from €68,055 to €5,967
- Short-term financial debts +€16,391
up €16,391 (+5,066%), from €324 to €16,715
- Tax, wage and social debts -€11,242
down €11,242 (-20.4%), from €55,030 to €43,788
of which Remuneration and social security: -€9,601
- Profit (loss) carried forward -€7,242
down €7,242 (-47.0%), from -€15,408 to -€22,650
- Advances received -€5,776
down €5,776 (-100%), from €5,776 to €0
- Staff costs +€35,568
up €35,568 (+12.0%), from €296,779 to €332,347
- Gross operating margin +€27,145
up €27,145 (+8.6%), from €315,843 to €342,988
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 | €134,504 | €60,311 | -€74,193 | -55.2% |
| Fixed assets | 21/28 | €25,763 | €16,782 | -€8,981 | -34.9% |
| Tangible fixed assets | 22/27 | €25,763 | €16,782 | -€8,981 | -34.9% |
| Land and buildings | 22 | €538 | €312 | -€226 | -42.0% |
| Plant, machinery and equipment | 23 | €2,243 | €1,746 | -€497 | -22.2% |
| Furniture and vehicles | 24 | €5,445 | €3,947 | -€1,498 | -27.5% |
| Leasing and similar rights | 25 | €17,538 | €10,778 | -€6,760 | -38.5% |
| Current assets | 29/58 | €108,741 | €43,529 | -€65,212 | -60.0% |
| Amounts receivable within one year | 40/41 | €42,195 | €17,234 | -€24,961 | -59.2% |
| Trade receivables | 40 | €26,292 | €0 | -€26,292 | -100% |
| Other amounts receivable | 41 | €15,903 | €17,234 | +€1,331 | +8.4% |
| Current investments | 50/53 | €127 | €127 | +€0 | +0.2% |
| Cash at bank and in hand | 54/58 | €62,372 | €23,477 | -€38,895 | -62.4% |
| Deferred charges and accrued income | 490/1 | €4,047 | €2,690 | -€1,356 | -33.5% |
| Total equity and liabilities | 10/49 | €134,504 | €60,311 | -€74,193 | -55.2% |
| Equity | 10/15 | -€7,348 | -€14,590 | -€7,242 | -98.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 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 | -€15,408 | -€22,650 | -€7,242 | -47.0% |
| Amounts payable | 17/49 | €141,852 | €74,901 | -€66,951 | -47.2% |
| Amounts payable after more than one year | 17 | €8,372 | €3,887 | -€4,484 | -53.6% |
| Financial debts | 170/4 | €8,372 | €3,887 | -€4,484 | -53.6% |
| Amounts payable within one year | 42/48 | €133,480 | €71,013 | -€62,466 | -46.8% |
| Current portion of amounts payable after more than one year | 42 | €4,295 | €4,484 | +€189 | +4.4% |
| Financial debts | 43 | €324 | €16,715 | +€16,391 | +5,066% |
| Credit institutions | 430/8 | €324 | €16,715 | +€16,391 | +5,066% |
| Trade debts | 44 | €68,055 | €5,967 | -€62,088 | -91.2% |
| Suppliers | 440/4 | €68,055 | €5,967 | -€62,088 | -91.2% |
| Advances received on contracts in progress | 46 | €5,776 | €0 | -€5,776 | -100% |
| Taxes, remuneration and social security | 45 | €55,030 | €43,788 | -€11,242 | -20.4% |
| Taxes | 450/3 | €9,289 | €7,648 | -€1,641 | -17.7% |
| Remuneration and social security | 454/9 | €45,742 | €36,141 | -€9,601 | -21.0% |
| Other amounts payable | 47/48 | €0 | €58 | +€58 | |
| Non-recurring operating income | 76A | - | €33,014 | +€33,014 | |
| Remuneration, social security and pensions | 62 | €296,779 | €332,347 | +€35,568 | +12.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,532 | €9,947 | +€415 | +4.4% |
| Other operating charges | 640/8 | €2,773 | €1,597 | -€1,175 | -42.4% |
| Gross operating margin | 9900 | €315,843 | €342,988 | +€27,145 | +8.6% |
| Operating profit (loss) | 9901 | €6,760 | -€903 | -€7,663 | |
| Financial income | 75/76B | €855 | €57 | -€798 | -93.3% |
| Recurring financial income | 75 | €855 | €57 | -€798 | -93.3% |
| Financial charges | 65/66B | €3,524 | €6,277 | +€2,753 | +78.1% |
| Recurring financial charges | 65 | €3,524 | €6,277 | +€2,753 | +78.1% |
| Profit (loss) for the period before taxes | 9903 | €4,091 | -€7,123 | -€11,214 | |
| Income taxes | 67/77 | €195 | €119 | -€75 | -38.6% |
| Profit (loss) for the period | 9904 | €3,896 | -€7,242 | -€11,138 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,896 | -€7,242 | -€11,138 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.