ELON: 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.
ELON
Largest movements
- Tangible fixed assets -€12,592
down €12,592 (-2.2%), from €584,051 to €571,460
of which Land and buildings: -€14,250
- Debts after one year -€39,544
down €39,544 (-8.6%), from €461,607 to €422,063
- Other debts +€19,194
up €19,194 (+2007.2%), from €956 to €20,150
- Reserves +€9,601
up €9,601 (+12.5%), from €76,896 to €86,497
- Gross operating margin -€21,611
down €21,611 (-35.2%), from €61,422 to €39,811
- Taxes -€3,149
down €3,149 (-45.5%), from €6,928 to €3,778
- Financial charges -€768
down €768 (-7.6%), from €10,063 to €9,295
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 | €585,409 | €571,511 | -€13,898 | -2.4% |
| Fixed assets | 21/28 | €584,051 | €571,460 | -€12,592 | -2.2% |
| Tangible fixed assets | 22/27 | €584,051 | €571,460 | -€12,592 | -2.2% |
| Land and buildings | 22 | €584,051 | €569,801 | -€14,250 | -2.4% |
| Plant, machinery and equipment | 23 | - | €1,658 | +€1,658 | |
| Current assets | 29/58 | €1,358 | €51 | -€1,307 | -96.3% |
| Cash at bank and in hand | 54/58 | €1,358 | €51 | -€1,307 | -96.3% |
| Total equity and liabilities | 10/49 | €585,409 | €571,511 | -€13,898 | -2.4% |
| Equity | 10/15 | €78,146 | €87,747 | +€9,601 | +12.3% |
| Contributions | 10/11 | €1,250 | €1,250 | = | 0.0% |
| Reserves | 13 | €76,896 | €86,497 | +€9,601 | +12.5% |
| Distributable reserves | 133 | €76,896 | €86,497 | +€9,601 | +12.5% |
| Amounts payable | 17/49 | €507,263 | €483,763 | -€23,500 | -4.6% |
| Amounts payable after more than one year | 17 | €461,607 | €422,063 | -€39,544 | -8.6% |
| Financial debts | 170/4 | €461,607 | €422,063 | -€39,544 | -8.6% |
| Amounts payable within one year | 42/48 | €45,656 | €61,700 | +€16,044 | +35.1% |
| Current portion of amounts payable after more than one year | 42 | €37,772 | €37,772 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €6,928 | €3,778 | -€3,149 | -45.5% |
| Taxes | 450/3 | €6,928 | €3,778 | -€3,149 | -45.5% |
| Other amounts payable | 47/48 | €956 | €20,150 | +€19,194 | +2007.2% |
| Non-recurring operating income | 76A | - | €2,270 | +€2,270 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,250 | €14,392 | +€142 | +1.0% |
| Other operating charges | 640/8 | €2,472 | €2,746 | +€274 | +11.1% |
| Gross operating margin | 9900 | €61,422 | €39,811 | -€21,611 | -35.2% |
| Operating profit (loss) | 9901 | €44,701 | €22,674 | -€22,027 | -49.3% |
| Financial charges | 65/66B | €10,063 | €9,295 | -€768 | -7.6% |
| Recurring financial charges | 65 | €10,063 | €9,295 | -€768 | -7.6% |
| Profit (loss) for the period before taxes | 9903 | €34,638 | €13,379 | -€21,259 | -61.4% |
| Income taxes | 67/77 | €6,928 | €3,778 | -€3,149 | -45.5% |
| Profit (loss) for the period | 9904 | €27,711 | €9,601 | -€18,109 | -65.4% |
| Profit (loss) for the period to be appropriated | 9905 | €27,711 | €9,601 | -€18,109 | -65.4% |
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 12 October 2026 via checked.be.