ELO-MIX: 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-MIX
Largest movements
- Tangible fixed assets -€3,399
down €3,399 (-24.8%), from €13,724 to €10,324
- Cash -€2,455
down €2,455 (-99.5%), from €2,468 to €13
mainly Trade debts (-€13,337) and Debts after one year (-€3,043)
- Receivables within one year +€2,248
up €2,248 (+9.3%), from €24,082 to €26,330
of which Trade receivables: +€4,550
- Trade debts -€13,337
no longer reported in 2025 (was €13,337)
- Tax, wage and social debts +€6,137
up €6,137 (+256.0%), from €2,397 to €8,534
of which Remuneration and social security: +€4,946
- Reserves +€4,582
up €4,582 (+708.9%), from €646 to €5,228
- Debts after one year -€3,043
down €3,043 (-22.2%), from €13,701 to €10,658
- Other debts +€1,631
up €1,631 (+89.0%), from €1,833 to €3,464
- Gross operating margin +€5,115
up €5,115 (+48.8%), from €10,486 to €15,601
- Staff costs +€2,016
new in 2025: €2,016
- Depreciation +€1,709
up €1,709 (+147.1%), from €1,162 to €2,872
- Taxes +€1,528
up €1,528 (+147.3%), from €1,037 to €2,565
- Other operating charges -€1,140
down €1,140 (-75.8%), from €1,504 to €363
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 | €41,079 | €37,241 | -€3,837 | -9.3% |
| Fixed assets | 21/28 | €13,724 | €10,324 | -€3,399 | -24.8% |
| Tangible fixed assets | 22/27 | €13,724 | €10,324 | -€3,399 | -24.8% |
| Furniture and vehicles | 24 | €13,724 | €10,324 | -€3,399 | -24.8% |
| Current assets | 29/58 | €27,355 | €26,917 | -€438 | -1.6% |
| Amounts receivable within one year | 40/41 | €24,082 | €26,330 | +€2,248 | +9.3% |
| Trade receivables | 40 | €13,457 | €18,007 | +€4,550 | +33.8% |
| Other amounts receivable | 41 | €10,625 | €8,323 | -€2,302 | -21.7% |
| Cash at bank and in hand | 54/58 | €2,468 | €13 | -€2,455 | -99.5% |
| Deferred charges and accrued income | 490/1 | €805 | €574 | -€231 | -28.7% |
| Total equity and liabilities | 10/49 | €41,079 | €37,241 | -€3,837 | -9.3% |
| Equity | 10/15 | €5,646 | €10,228 | +€4,582 | +81.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €646 | €5,228 | +€4,582 | +708.9% |
| Distributable reserves | 133 | €646 | €5,228 | +€4,582 | +708.9% |
| Amounts payable | 17/49 | €35,432 | €27,013 | -€8,419 | -23.8% |
| Amounts payable after more than one year | 17 | €13,701 | €10,658 | -€3,043 | -22.2% |
| Financial debts | 170/4 | €13,701 | €10,658 | -€3,043 | -22.2% |
| Amounts payable within one year | 42/48 | €20,386 | €15,041 | -€5,345 | -26.2% |
| Current portion of amounts payable after more than one year | 42 | €2,819 | €3,043 | +€224 | +8.0% |
| Trade debts | 44 | €13,337 | - | -€13,337 | |
| Suppliers | 440/4 | €13,337 | - | -€13,337 | |
| Taxes, remuneration and social security | 45 | €2,397 | €8,534 | +€6,137 | +256.0% |
| Taxes | 450/3 | €2,397 | €3,589 | +€1,192 | +49.7% |
| Remuneration and social security | 454/9 | - | €4,946 | +€4,946 | |
| Other amounts payable | 47/48 | €1,833 | €3,464 | +€1,631 | +89.0% |
| Accrued charges and deferred income | 492/3 | €1,345 | €1,314 | -€32 | -2.4% |
| Remuneration, social security and pensions | 62 | - | €2,016 | +€2,016 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,162 | €2,872 | +€1,709 | +147.1% |
| Other operating charges | 640/8 | €1,504 | €363 | -€1,140 | -75.8% |
| Non-recurring operating charges | 66A | €1,663 | €279 | -€1,384 | -83.2% |
| Gross operating margin | 9900 | €10,486 | €15,601 | +€5,115 | +48.8% |
| Operating profit (loss) | 9901 | €6,157 | €10,071 | +€3,914 | +63.6% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €1,897 | €2,091 | +€193 | +10.2% |
| Recurring financial charges | 65 | €1,897 | €2,091 | +€193 | +10.2% |
| Profit (loss) for the period before taxes | 9903 | €4,260 | €7,980 | +€3,720 | +87.3% |
| Income taxes | 67/77 | €1,037 | €2,565 | +€1,528 | +147.3% |
| Profit (loss) for the period | 9904 | €3,222 | €5,415 | +€2,192 | +68.0% |
| Profit (loss) for the period to be appropriated | 9905 | €3,222 | €5,415 | +€2,192 | +68.0% |
Source: filed annual accounts (NBB), fiscal years ended 29 December 2024 and 29 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.