ELOPTHA: 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.
ELOPTHA
Largest movements
- Tangible fixed assets -€22,590
down €22,590 (-11.5%), from €196,710 to €174,120
- Cash +€8,024
up €8,024 (+11.8%), from €67,830 to €75,853
mainly Current portion of long-term debt (+€35,068) and Depreciation (+€23,319)
- Debts after one year -€68,803
down €68,803 (-61.6%), from €111,681 to €42,878
- Current portion of long-term debt +€35,068
new in 2025: €35,068
- Profit (loss) carried forward +€17,378
up €17,378 (+11.6%), from €149,812 to €167,190
- Other debts -€7,083
down €7,083 (-71.9%), from €9,853 to €2,770
- Contributions +€6,200
up €6,200 (+50.0%), from €12,400 to €18,600
- Gross operating margin -€5,761
down €5,761 (-9.8%), from €58,974 to €53,213
- Financial charges -€1,252
down €1,252 (-17.7%), from €7,070 to €5,818
- Taxes -€1,031
down €1,031 (-18.4%), from €5,604 to €4,574
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 | €286,403 | €269,892 | -€16,511 | -5.8% |
| Fixed assets | 21/28 | €198,786 | €175,466 | -€23,319 | -11.7% |
| Intangible fixed assets | 21 | €2,025 | €1,296 | -€729 | -36.0% |
| Tangible fixed assets | 22/27 | €196,710 | €174,120 | -€22,590 | -11.5% |
| Land and buildings | 22 | €174,465 | €163,260 | -€11,205 | -6.4% |
| Furniture and vehicles | 24 | €10,509 | €4,459 | -€6,050 | -57.6% |
| Other tangible fixed assets | 26 | €11,736 | €6,401 | -€5,335 | -45.5% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €87,617 | €94,425 | +€6,809 | +7.8% |
| Amounts receivable within one year | 40/41 | €19,787 | €18,572 | -€1,215 | -6.1% |
| Other amounts receivable | 41 | €19,787 | €18,572 | -€1,215 | -6.1% |
| Cash at bank and in hand | 54/58 | €67,830 | €75,853 | +€8,024 | +11.8% |
| Total equity and liabilities | 10/49 | €286,403 | €269,892 | -€16,511 | -5.8% |
| Equity | 10/15 | €164,072 | €187,650 | +€23,578 | +14.4% |
| Contributions | 10/11 | €12,400 | €18,600 | +€6,200 | +50.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 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% |
| Profit (loss) carried forward | 14 | €149,812 | €167,190 | +€17,378 | +11.6% |
| Amounts payable | 17/49 | €122,331 | €82,242 | -€40,089 | -32.8% |
| Amounts payable after more than one year | 17 | €111,681 | €42,878 | -€68,803 | -61.6% |
| Financial debts | 170/4 | €111,681 | €42,878 | -€68,803 | -61.6% |
| Amounts payable within one year | 42/48 | €10,650 | €39,364 | +€28,714 | +269.6% |
| Current portion of amounts payable after more than one year | 42 | - | €35,068 | +€35,068 | |
| Trade debts | 44 | €797 | €325 | -€471 | -59.2% |
| Suppliers | 440/4 | €797 | €325 | -€471 | -59.2% |
| Taxes, remuneration and social security | 45 | - | €1,200 | +€1,200 | |
| Remuneration and social security | 454/9 | - | €1,200 | +€1,200 | |
| Other amounts payable | 47/48 | €9,853 | €2,770 | -€7,083 | -71.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,319 | €23,319 | = | 0.0% |
| Other operating charges | 640/8 | €2,009 | €2,125 | +€116 | +5.8% |
| Gross operating margin | 9900 | €58,974 | €53,213 | -€5,761 | -9.8% |
| Operating profit (loss) | 9901 | €33,645 | €27,768 | -€5,877 | -17.5% |
| Financial income | 75/76B | €56 | €2 | -€54 | -96.8% |
| Recurring financial income | 75 | €56 | €2 | -€54 | -96.8% |
| Financial charges | 65/66B | €7,070 | €5,818 | -€1,252 | -17.7% |
| Recurring financial charges | 65 | €7,070 | €5,818 | -€1,252 | -17.7% |
| Profit (loss) for the period before taxes | 9903 | €26,631 | €21,952 | -€4,679 | -17.6% |
| Income taxes | 67/77 | €5,604 | €4,574 | -€1,031 | -18.4% |
| Profit (loss) for the period | 9904 | €21,026 | €17,378 | -€3,648 | -17.3% |
| Profit (loss) for the period to be appropriated | 9905 | €21,026 | €17,378 | -€3,648 | -17.3% |
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 9 October 2026 via checked.be.