ELODUS: 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.
ELODUS
Largest movements
- Receivables within one year +€360,089
up €360,089 (+276.2%), from €130,364 to €490,453
of which Trade receivables: +€360,089
- Financial fixed assets +€53,500
up €53,500 (+21.2%), from €252,871 to €306,371
- Cash +€33,738
up €33,738 (+94.3%), from €35,781 to €69,519
mainly Net result for the year (+€538,289) and Other debts (+€143,668)
- Tangible fixed assets -€19,508
down €19,508 (-3.8%), from €519,260 to €499,752
of which Land and buildings: -€10,540
- Profit (loss) carried forward +€238,289
up €238,289, from €0 to €238,289
- Other debts +€143,668
up €143,668 (+262.7%), from €54,687 to €198,355
- Tax, wage and social debts +€60,451
up €60,451 (+56.7%), from €106,621 to €167,072
- Debts after one year -€22,713
down €22,713 (-5.7%), from €395,455 to €372,742
- Gross operating margin +€340,399
up €340,399 (+81.8%), from €416,180 to €756,580
- Taxes +€76,701
up €76,701 (+76.5%), from €100,285 to €176,986
- Financial income -€8,991
down €8,991 (-74.2%), from €12,113 to €3,122
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 | €1,000,629 | €1,423,801 | +€423,171 | +42.3% |
| Fixed assets | 21/28 | €772,131 | €806,123 | +€33,992 | +4.4% |
| Tangible fixed assets | 22/27 | €519,260 | €499,752 | -€19,508 | -3.8% |
| Land and buildings | 22 | €482,623 | €472,083 | -€10,540 | -2.2% |
| Plant, machinery and equipment | 23 | €658 | €438 | -€219 | -33.3% |
| Furniture and vehicles | 24 | €34,156 | €25,407 | -€8,748 | -25.6% |
| Other tangible fixed assets | 26 | €1,824 | €1,824 | = | 0.0% |
| Financial fixed assets | 28 | €252,871 | €306,371 | +€53,500 | +21.2% |
| Current assets | 29/58 | €228,499 | €617,678 | +€389,179 | +170.3% |
| Amounts receivable after more than one year | 29 | €43,800 | €45,300 | +€1,500 | +3.4% |
| Other amounts receivable | 291 | €43,800 | €45,300 | +€1,500 | +3.4% |
| Amounts receivable within one year | 40/41 | €130,364 | €490,453 | +€360,089 | +276.2% |
| Trade receivables | 40 | €130,364 | €490,453 | +€360,089 | +276.2% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €35,781 | €69,519 | +€33,738 | +94.3% |
| Deferred charges and accrued income | 490/1 | €18,553 | €12,406 | -€6,147 | -33.1% |
| Total equity and liabilities | 10/49 | €1,000,629 | €1,423,801 | +€423,171 | +42.3% |
| Equity | 10/15 | €415,252 | €653,541 | +€238,289 | +57.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €396,652 | €396,652 | = | 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% |
| Distributable reserves | 133 | €394,792 | €394,792 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €238,289 | +€238,289 | |
| Amounts payable | 17/49 | €585,377 | €770,259 | +€184,882 | +31.6% |
| Amounts payable after more than one year | 17 | €395,455 | €372,742 | -€22,713 | -5.7% |
| Financial debts | 170/4 | €395,455 | €372,742 | -€22,713 | -5.7% |
| Amounts payable within one year | 42/48 | €184,828 | €392,475 | +€207,647 | +112.3% |
| Current portion of amounts payable after more than one year | 42 | €21,659 | €22,713 | +€1,054 | +4.9% |
| Trade debts | 44 | €1,862 | €4,336 | +€2,474 | +132.9% |
| Suppliers | 440/4 | €1,862 | €4,336 | +€2,474 | +132.9% |
| Taxes, remuneration and social security | 45 | €106,621 | €167,072 | +€60,451 | +56.7% |
| Taxes | 450/3 | €106,621 | €167,072 | +€60,451 | +56.7% |
| Other amounts payable | 47/48 | €54,687 | €198,355 | +€143,668 | +262.7% |
| Accrued charges and deferred income | 492/3 | €5,094 | €5,042 | -€52 | -1.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,672 | €20,960 | +€4,288 | +25.7% |
| Other operating charges | 640/8 | €715 | €2,418 | +€1,704 | +238.4% |
| Gross operating margin | 9900 | €416,180 | €756,580 | +€340,399 | +81.8% |
| Operating profit (loss) | 9901 | €398,794 | €733,202 | +€334,407 | +83.9% |
| Financial income | 75/76B | €12,113 | €3,122 | -€8,991 | -74.2% |
| Recurring financial income | 75 | €12,113 | €3,122 | -€8,991 | -74.2% |
| Financial charges | 65/66B | €17,665 | €21,049 | +€3,383 | +19.2% |
| Recurring financial charges | 65 | €17,665 | €21,049 | +€3,383 | +19.2% |
| Profit (loss) for the period before taxes | 9903 | €393,242 | €715,275 | +€322,033 | +81.9% |
| Income taxes | 67/77 | €100,285 | €176,986 | +€76,701 | +76.5% |
| Profit (loss) for the period | 9904 | €292,957 | €538,289 | +€245,332 | +83.7% |
| Profit (loss) for the period to be appropriated | 9905 | €292,957 | €538,289 | +€245,332 | +83.7% |
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 10 October 2026 via checked.be.