ELO-INFISOINS: 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-INFISOINS
Largest movements
- Tangible fixed assets +€2,217
up €2,217 (+374%), from €593 to €2,811
- Receivables within one year +€1,843
up €1,843 (+11.7%), from €15,806 to €17,649
of which Trade receivables: +€1,112
- Deferred charges and accrued income -€1,259
down €1,259 (-14.4%), from €8,730 to €7,471
- Cash +€949
up €949 (+1.9%), from €49,149 to €50,098
mainly Net result for the year (+€21,148) and Other debts (+€5,266)
- Other debts +€5,266
up €5,266 (+38.5%), from €13,690 to €18,956
- Tax, wage and social debts -€1,363
down €1,363 (-20.5%), from €6,662 to €5,299
of which Taxes: -€1,363
- Gross operating margin -€2,111
down €2,111 (-6.6%), from €31,899 to €29,788
- Financial income -€1,097
no longer reported in 2025 (was €1,097)
- Taxes -€583
down €583 (-8.2%), from €7,113 to €6,530
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 | €74,379 | €78,129 | +€3,751 | +5.0% |
| Fixed assets | 21/28 | €693 | €2,911 | +€2,217 | +320% |
| Tangible fixed assets | 22/27 | €593 | €2,811 | +€2,217 | +374% |
| Furniture and vehicles | 24 | €593 | €2,811 | +€2,217 | +374% |
| Financial fixed assets | 28 | €100 | €100 | = | 0.0% |
| Current assets | 29/58 | €73,685 | €75,219 | +€1,533 | +2.1% |
| Amounts receivable within one year | 40/41 | €15,806 | €17,649 | +€1,843 | +11.7% |
| Trade receivables | 40 | €868 | €1,980 | +€1,112 | +128% |
| Other amounts receivable | 41 | €14,939 | €15,670 | +€731 | +4.9% |
| Cash at bank and in hand | 54/58 | €49,149 | €50,098 | +€949 | +1.9% |
| Deferred charges and accrued income | 490/1 | €8,730 | €7,471 | -€1,259 | -14.4% |
| Total equity and liabilities | 10/49 | €74,379 | €78,129 | +€3,751 | +5.0% |
| Equity | 10/15 | €53,561 | €53,709 | +€148 | +0.3% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €45,950 | €45,950 | = | 0.0% |
| Distributable reserves | 133 | €45,950 | €45,950 | = | 0.0% |
| Profit (loss) carried forward | 14 | €7,511 | €7,659 | +€148 | +2.0% |
| Amounts payable | 17/49 | €20,818 | €24,420 | +€3,602 | +17.3% |
| Amounts payable within one year | 42/48 | €20,818 | €24,420 | +€3,602 | +17.3% |
| Trade debts | 44 | €466 | €165 | -€301 | -64.6% |
| Suppliers | 440/4 | €466 | €165 | -€301 | -64.6% |
| Taxes, remuneration and social security | 45 | €6,662 | €5,299 | -€1,363 | -20.5% |
| Taxes | 450/3 | €4,513 | €3,150 | -€1,363 | -30.2% |
| Remuneration and social security | 454/9 | €2,149 | €2,149 | = | 0.0% |
| Other amounts payable | 47/48 | €13,690 | €18,956 | +€5,266 | +38.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,503 | €1,248 | -€255 | -17.0% |
| Other operating charges | 640/8 | €285 | €293 | +€9 | +3.1% |
| Gross operating margin | 9900 | €31,899 | €29,788 | -€2,111 | -6.6% |
| Operating profit (loss) | 9901 | €30,112 | €28,247 | -€1,865 | -6.2% |
| Financial income | 75/76B | €1,097 | - | -€1,097 | |
| Recurring financial income | 75 | €1,097 | - | -€1,097 | |
| Financial charges | 65/66B | €650 | €569 | -€80 | -12.4% |
| Recurring financial charges | 65 | €650 | €569 | -€80 | -12.4% |
| Profit (loss) for the period before taxes | 9903 | €30,559 | €27,678 | -€2,881 | -9.4% |
| Income taxes | 67/77 | €7,113 | €6,530 | -€583 | -8.2% |
| Profit (loss) for the period | 9904 | €23,446 | €21,148 | -€2,298 | -9.8% |
| Profit (loss) for the period to be appropriated | 9905 | €23,446 | €21,148 | -€2,298 | -9.8% |
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 19 October 2026 via checked.be.