ELOR: 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.
ELOR
Largest movements
- Tangible fixed assets -€6,494
down €6,494 (-36.4%), from €17,849 to €11,355
of which Furniture and vehicles: -€3,723
- Receivables within one year -€1,851
down €1,851 (-99.0%), from €1,869 to €18
- Cash +€748
up €748 (+17.3%), from €4,315 to €5,064
mainly Depreciation (+€6,494) and Receivables within one year (+€1,851)
- Stocks and contracts -€403
down €403 (-12.5%), from €3,215 to €2,812
- Trade debts -€2,724
down €2,724 (-42.6%), from €6,394 to €3,670
- Debts after one year -€2,697
no longer reported in 2025 (was €2,697)
- Other debts -€1,791
down €1,791 (-11.8%), from €15,214 to €13,423
- Tax, wage and social debts -€520
down €520 (-25.3%), from €2,058 to €1,538
- Current portion of long-term debt -€398
down €398 (-12.9%), from €3,095 to €2,697
- Gross operating margin -€4,181
down €4,181 (-33.3%), from €12,560 to €8,379
- Other operating charges +€482
up €482 (+85.8%), from €561 to €1,043
- Financial charges -€298
down €298 (-44.5%), from €671 to €372
- Depreciation -€250
down €250 (-3.7%), from €6,744 to €6,494
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 | €27,431 | €19,638 | -€7,793 | -28.4% |
| Fixed assets | 21/28 | €17,849 | €11,355 | -€6,494 | -36.4% |
| Tangible fixed assets | 22/27 | €17,849 | €11,355 | -€6,494 | -36.4% |
| Plant, machinery and equipment | 23 | €7,691 | €4,920 | -€2,770 | -36.0% |
| Furniture and vehicles | 24 | €10,158 | €6,435 | -€3,723 | -36.7% |
| Current assets | 29/58 | €9,582 | €8,283 | -€1,299 | -13.6% |
| Stocks and contracts in progress | 3 | €3,215 | €2,812 | -€403 | -12.5% |
| Stocks | 30/36 | €3,215 | €2,812 | -€403 | -12.5% |
| Amounts receivable within one year | 40/41 | €1,869 | €18 | -€1,851 | -99.0% |
| Other amounts receivable | 41 | €1,869 | €18 | -€1,851 | -99.0% |
| Cash at bank and in hand | 54/58 | €4,315 | €5,064 | +€748 | +17.3% |
| Deferred charges and accrued income | 490/1 | €183 | €389 | +€207 | +113.1% |
| Total equity and liabilities | 10/49 | €27,431 | €19,638 | -€7,793 | -28.4% |
| Equity | 10/15 | -€2,028 | -€1,690 | +€338 | +16.7% |
| Contributions | 10/11 | €12,000 | €12,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€14,028 | -€13,690 | +€338 | +2.4% |
| Amounts payable | 17/49 | €29,459 | €21,328 | -€8,131 | -27.6% |
| Amounts payable after more than one year | 17 | €2,697 | - | -€2,697 | |
| Financial debts | 170/4 | €2,697 | - | -€2,697 | |
| Amounts payable within one year | 42/48 | €26,762 | €21,328 | -€5,434 | -20.3% |
| Current portion of amounts payable after more than one year | 42 | €3,095 | €2,697 | -€398 | -12.9% |
| Trade debts | 44 | €6,394 | €3,670 | -€2,724 | -42.6% |
| Suppliers | 440/4 | €6,394 | €3,670 | -€2,724 | -42.6% |
| Taxes, remuneration and social security | 45 | €2,058 | €1,538 | -€520 | -25.3% |
| Taxes | 450/3 | €2,058 | €1,538 | -€520 | -25.3% |
| Other amounts payable | 47/48 | €15,214 | €13,423 | -€1,791 | -11.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,744 | €6,494 | -€250 | -3.7% |
| Other operating charges | 640/8 | €561 | €1,043 | +€482 | +85.8% |
| Gross operating margin | 9900 | €12,560 | €8,379 | -€4,181 | -33.3% |
| Operating profit (loss) | 9901 | €5,255 | €843 | -€4,413 | -84.0% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €671 | €372 | -€298 | -44.5% |
| Recurring financial charges | 65 | €671 | €372 | -€298 | -44.5% |
| Profit (loss) for the period before taxes | 9903 | €4,585 | €470 | -€4,115 | -89.7% |
| Income taxes | 67/77 | €131 | €132 | +€1 | +0.9% |
| Profit (loss) for the period | 9904 | €4,454 | €338 | -€4,116 | -92.4% |
| Profit (loss) for the period to be appropriated | 9905 | €4,454 | €338 | -€4,116 | -92.4% |
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 3 October 2026 via checked.be.