ELO IMMO: 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 IMMO
Largest movements
- Receivables within one year +€59,285
up €59,285 (+349%), from €16,987 to €76,272
of which Trade receivables: +€72,532
- Deferred charges and accrued income -€51,313
down €51,313 (-21.2%), from €242,132 to €190,818
- Tangible fixed assets -€8,743
down €8,743 (-2.7%), from €318,441 to €309,698
- Debts after one year -€119,922
down €119,922 (-19.9%), from €603,530 to €483,608
- Other debts +€60,007
up €60,007 (+245%), from €24,462 to €84,468
- Profit (loss) carried forward +€33,666
up €33,666 (+43.2%), from -€77,972 to -€44,306
- Tax, wage and social debts +€10,504
new in 2025: €10,504
- Accrued charges and deferred income +€8,019
up €8,019 (+891%), from €900 to €8,919
- Gross operating margin +€73,635
up €73,635, from -€7,790 to €65,845
- Other operating charges +€2,589
up €2,589 (+17.3%), from €14,928 to €17,517
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 | €616,198 | €615,527 | -€672 | -0.1% |
| Fixed assets | 21/28 | €321,635 | €312,893 | -€8,743 | -2.7% |
| Tangible fixed assets | 22/27 | €318,441 | €309,698 | -€8,743 | -2.7% |
| Land and buildings | 22 | €318,441 | €309,698 | -€8,743 | -2.7% |
| Financial fixed assets | 28 | €3,195 | €3,195 | = | 0.0% |
| Current assets | 29/58 | €294,563 | €302,634 | +€8,071 | +2.7% |
| Amounts receivable within one year | 40/41 | €16,987 | €76,272 | +€59,285 | +349% |
| Trade receivables | 40 | €3,740 | €76,272 | +€72,532 | +1,939% |
| Other amounts receivable | 41 | €13,246 | - | -€13,246 | |
| Cash at bank and in hand | 54/58 | €35,445 | €35,544 | +€99 | +0.3% |
| Deferred charges and accrued income | 490/1 | €242,132 | €190,818 | -€51,313 | -21.2% |
| Total equity and liabilities | 10/49 | €616,198 | €615,527 | -€672 | -0.1% |
| Equity | 10/15 | -€71,772 | -€38,106 | +€33,666 | +46.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€77,972 | -€44,306 | +€33,666 | +43.2% |
| Amounts payable | 17/49 | €687,970 | €653,632 | -€34,338 | -5.0% |
| Amounts payable after more than one year | 17 | €603,530 | €483,608 | -€119,922 | -19.9% |
| Financial debts | 170/4 | €603,530 | €483,608 | -€119,922 | -19.9% |
| Amounts payable within one year | 42/48 | €83,541 | €161,106 | +€77,565 | +92.8% |
| Current portion of amounts payable after more than one year | 42 | €13,222 | €13,803 | +€581 | +4.4% |
| Trade debts | 44 | €45,857 | €51,309 | +€5,452 | +11.9% |
| Suppliers | 440/4 | €45,857 | €51,309 | +€5,452 | +11.9% |
| Advances received on contracts in progress | 46 | - | €1,021 | +€1,021 | |
| Taxes, remuneration and social security | 45 | - | €10,504 | +€10,504 | |
| Taxes | 450/3 | - | €10,504 | +€10,504 | |
| Other amounts payable | 47/48 | €24,462 | €84,468 | +€60,007 | +245% |
| Accrued charges and deferred income | 492/3 | €900 | €8,919 | +€8,019 | +891% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,743 | €8,743 | = | 0.0% |
| Other operating charges | 640/8 | €14,928 | €17,517 | +€2,589 | +17.3% |
| Gross operating margin | 9900 | -€7,790 | €65,845 | +€73,635 | |
| Operating profit (loss) | 9901 | -€31,460 | €39,585 | +€71,045 | |
| Financial income | 75/76B | €41 | €0 | -€41 | -100.0% |
| Recurring financial income | 75 | €41 | €0 | -€41 | -100.0% |
| Financial charges | 65/66B | €5,792 | €5,919 | +€127 | +2.2% |
| Recurring financial charges | 65 | €5,792 | €5,919 | +€127 | +2.2% |
| Profit (loss) for the period before taxes | 9903 | -€37,211 | €33,666 | +€70,878 | |
| Profit (loss) for the period | 9904 | -€37,211 | €33,666 | +€70,878 | |
| Profit (loss) for the period to be appropriated | 9905 | -€37,211 | €33,666 | +€70,878 |
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 15 October 2026 via checked.be.