ELOKI: 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.
ELOKI
Largest movements
- Tangible fixed assets +€103,712
up €103,712 (+26366.9%), from €393 to €104,105
- Cash -€64,873
down €64,873 (-51.3%), from €126,337 to €61,464
mainly Investment in fixed assets (net) (-€122,390) and Contributions, distributions and other (-€45,000)
- Debts after one year +€30,424
up €30,424 (+285.1%), from €10,672 to €41,096
- Current portion of long-term debt +€9,423
up €9,423 (+74.1%), from €12,716 to €22,140
- Reserves +€5,000
up €5,000 (+11.1%), from €45,000 to €50,000
- Other debts -€4,854
down €4,854 (-9.2%), from €52,770 to €47,917
- Profit (loss) carried forward -€2,110
down €2,110 (-89.4%), from €2,360 to €251
- Depreciation +€18,442
up €18,442 (+7797.4%), from €237 to €18,679
- Gross operating margin +€5,562
up €5,562 (+7.0%), from €79,763 to €85,325
- Financial charges +€2,791
up €2,791 (+537.1%), from €520 to €3,311
- Taxes -€2,705
down €2,705 (-15.9%), from €16,992 to €14,286
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 | €128,913 | €167,770 | +€38,857 | +30.1% |
| Fixed assets | 21/28 | €393 | €104,105 | +€103,712 | +26366.9% |
| Tangible fixed assets | 22/27 | €393 | €104,105 | +€103,712 | +26366.9% |
| Furniture and vehicles | 24 | €393 | €104,105 | +€103,712 | +26366.9% |
| Current assets | 29/58 | €128,519 | €63,665 | -€64,855 | -50.5% |
| Amounts receivable within one year | 40/41 | €1,274 | €731 | -€543 | -42.6% |
| Trade receivables | 40 | €641 | €0 | -€641 | -100.0% |
| Other amounts receivable | 41 | €633 | €731 | +€98 | +15.4% |
| Cash at bank and in hand | 54/58 | €126,337 | €61,464 | -€64,873 | -51.3% |
| Deferred charges and accrued income | 490/1 | €908 | €1,470 | +€561 | +61.8% |
| Total equity and liabilities | 10/49 | €128,913 | €167,770 | +€38,857 | +30.1% |
| Equity | 10/15 | €50,360 | €53,251 | +€2,890 | +5.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €45,000 | €50,000 | +€5,000 | +11.1% |
| Distributable reserves | 133 | €45,000 | €50,000 | +€5,000 | +11.1% |
| Profit (loss) carried forward | 14 | €2,360 | €251 | -€2,110 | -89.4% |
| Amounts payable | 17/49 | €78,552 | €114,519 | +€35,967 | +45.8% |
| Amounts payable after more than one year | 17 | €10,672 | €41,096 | +€30,424 | +285.1% |
| Financial debts | 170/4 | €10,672 | €41,096 | +€30,424 | +285.1% |
| Amounts payable within one year | 42/48 | €67,880 | €73,423 | +€5,542 | +8.2% |
| Current portion of amounts payable after more than one year | 42 | €12,716 | €22,140 | +€9,423 | +74.1% |
| Trade debts | 44 | €1,022 | €968 | -€53 | -5.2% |
| Suppliers | 440/4 | €1,022 | €968 | -€53 | -5.2% |
| Taxes, remuneration and social security | 45 | €1,372 | €2,398 | +€1,026 | +74.8% |
| Taxes | 450/3 | €1,372 | €2,398 | +€1,026 | +74.8% |
| Other amounts payable | 47/48 | €52,770 | €47,917 | -€4,854 | -9.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €237 | €18,679 | +€18,442 | +7797.4% |
| Other operating charges | 640/8 | €852 | €1,158 | +€306 | +36.0% |
| Gross operating margin | 9900 | €79,763 | €85,325 | +€5,562 | +7.0% |
| Operating profit (loss) | 9901 | €78,675 | €65,488 | -€13,187 | -16.8% |
| Financial charges | 65/66B | €520 | €3,311 | +€2,791 | +537.1% |
| Recurring financial charges | 65 | €520 | €3,311 | +€2,791 | +537.1% |
| Profit (loss) for the period before taxes | 9903 | €78,155 | €62,177 | -€15,978 | -20.4% |
| Income taxes | 67/77 | €16,992 | €14,286 | -€2,705 | -15.9% |
| Profit (loss) for the period | 9904 | €61,163 | €47,890 | -€13,273 | -21.7% |
| Profit (loss) for the period to be appropriated | 9905 | €61,163 | €47,890 | -€13,273 | -21.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.