ELODIN: 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.
ELODIN
Largest movements
- Receivables within one year -€45,163
down €45,163 (-89.5%), from €50,452 to €5,290
of which Trade receivables: -€48,512
- Cash +€15,513
up €15,513 (+22.8%), from €68,009 to €83,522
mainly Receivables within one year (+€45,163) and Depreciation (+€7,024)
- Stocks and contracts +€3,133
up €3,133 (+36.8%), from €8,517 to €11,650
- Profit (loss) carried forward -€25,812
down €25,812 (-28.4%), from €90,809 to €64,997
- Tax, wage and social debts -€6,555
down €6,555 (-96.2%), from €6,814 to €259
- Trade debts +€5,162
up €5,162 (+366%), from €1,410 to €6,573
- Depreciation -€9,267
down €9,267 (-56.9%), from €16,291 to €7,024
- Gross operating margin +€1,161
up €1,161 (+6.3%), from -€18,471 to -€17,309
- Financial income +€235
up €235 (+145%), from €162 to €397
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 | €150,319 | €122,688 | -€27,631 | -18.4% |
| Fixed assets | 21/28 | €19,842 | €18,501 | -€1,341 | -6.8% |
| Tangible fixed assets | 22/27 | €19,842 | €18,501 | -€1,341 | -6.8% |
| Plant, machinery and equipment | 23 | €3,133 | €5,766 | +€2,633 | +84.0% |
| Furniture and vehicles | 24 | €16,708 | €12,735 | -€3,974 | -23.8% |
| Current assets | 29/58 | €130,477 | €104,188 | -€26,290 | -20.1% |
| Stocks and contracts in progress | 3 | €8,517 | €11,650 | +€3,133 | +36.8% |
| Stocks | 30/36 | €8,517 | €11,650 | +€3,133 | +36.8% |
| Amounts receivable within one year | 40/41 | €50,452 | €5,290 | -€45,163 | -89.5% |
| Trade receivables | 40 | €50,254 | €1,742 | -€48,512 | -96.5% |
| Other amounts receivable | 41 | €198 | €3,547 | +€3,349 | +1,690% |
| Cash at bank and in hand | 54/58 | €68,009 | €83,522 | +€15,513 | +22.8% |
| Deferred charges and accrued income | 490/1 | €3,499 | €3,727 | +€228 | +6.5% |
| Total equity and liabilities | 10/49 | €150,319 | €122,688 | -€27,631 | -18.4% |
| Equity | 10/15 | €141,669 | €115,857 | -€25,812 | -18.2% |
| Contributions | 10/11 | €9,000 | €9,000 | = | 0.0% |
| Reserves | 13 | €41,860 | €41,860 | = | 0.0% |
| Distributable reserves | 133 | €41,860 | €41,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €90,809 | €64,997 | -€25,812 | -28.4% |
| Amounts payable | 17/49 | €8,650 | €6,831 | -€1,819 | -21.0% |
| Amounts payable within one year | 42/48 | €8,650 | €6,831 | -€1,819 | -21.0% |
| Trade debts | 44 | €1,410 | €6,573 | +€5,162 | +366% |
| Suppliers | 440/4 | €1,410 | €6,573 | +€5,162 | +366% |
| Taxes, remuneration and social security | 45 | €6,814 | €259 | -€6,555 | -96.2% |
| Taxes | 450/3 | €6,814 | €259 | -€6,555 | -96.2% |
| Other amounts payable | 47/48 | €426 | €0 | -€426 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,291 | €7,024 | -€9,267 | -56.9% |
| Other operating charges | 640/8 | €1,425 | €1,458 | +€32 | +2.3% |
| Non-recurring operating charges | 66A | €969 | €0 | -€969 | -100% |
| Gross operating margin | 9900 | -€18,471 | -€17,309 | +€1,161 | +6.3% |
| Operating profit (loss) | 9901 | -€37,156 | -€25,791 | +€11,365 | +30.6% |
| Financial income | 75/76B | €162 | €397 | +€235 | +145% |
| Recurring financial income | 75 | €162 | €397 | +€235 | +145% |
| Financial charges | 65/66B | €40 | €42 | +€3 | +6.6% |
| Recurring financial charges | 65 | €40 | €42 | +€3 | +6.6% |
| Profit (loss) for the period before taxes | 9903 | -€37,034 | -€25,436 | +€11,597 | +31.3% |
| Income taxes | 67/77 | €243 | €375 | +€133 | +54.7% |
| Profit (loss) for the period | 9904 | -€37,276 | -€25,812 | +€11,465 | +30.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€37,276 | -€25,812 | +€11,465 | +30.8% |
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 16 October 2026 via checked.be.