Eloso: 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.
Eloso
Largest movements
- Cash -€43,193
no longer reported in 2025 (was €43,193)
mainly Contributions, distributions and other (-€76,594) and Receivables within one year (-€24,829)
- Current investments -€35,746
down €35,746 (-39.7%), from €90,000 to €54,254
- Receivables within one year +€24,829
up €24,829 (+35.6%), from €69,649 to €94,477
of which Trade receivables: +€46,002
- Tangible fixed assets -€2,932
down €2,932 (-37.6%), from €7,803 to €4,870
of which Furniture and vehicles: -€2,331
- Reserves -€74,389
down €74,389 (-49.7%), from €149,621 to €75,232
- Other debts +€19,715
new in 2025: €19,715
- Tax, wage and social debts -€9,021
down €9,021 (-16.4%), from €54,857 to €45,837
- Trade debts +€8,573
up €8,573 (+475.6%), from €1,802 to €10,375
- Gross operating margin -€98,742
down €98,742 (-91.7%), from €107,729 to €8,987
- Taxes -€18,701
down €18,701 (-93.8%), from €19,947 to €1,246
- Financial income +€2,880
new in 2025: €2,880
- Other operating charges -€1,410
down €1,410 (-56.4%), from €2,499 to €1,089
- Financial charges -€1,201
down €1,201 (-21.5%), from €5,597 to €4,396
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 | €211,895 | €154,563 | -€57,332 | -27.1% |
| Fixed assets | 21/28 | €7,803 | €4,870 | -€2,932 | -37.6% |
| Tangible fixed assets | 22/27 | €7,803 | €4,870 | -€2,932 | -37.6% |
| Plant, machinery and equipment | 23 | €1,915 | €1,314 | -€601 | -31.4% |
| Furniture and vehicles | 24 | €5,887 | €3,556 | -€2,331 | -39.6% |
| Current assets | 29/58 | €204,092 | €149,692 | -€54,400 | -26.7% |
| Amounts receivable within one year | 40/41 | €69,649 | €94,477 | +€24,829 | +35.6% |
| Trade receivables | 40 | €45,483 | €91,485 | +€46,002 | +101.1% |
| Other amounts receivable | 41 | €24,166 | €2,993 | -€21,173 | -87.6% |
| Current investments | 50/53 | €90,000 | €54,254 | -€35,746 | -39.7% |
| Cash at bank and in hand | 54/58 | €43,193 | - | -€43,193 | |
| Deferred charges and accrued income | 490/1 | €1,251 | €961 | -€290 | -23.2% |
| Total equity and liabilities | 10/49 | €211,895 | €154,563 | -€57,332 | -27.1% |
| Equity | 10/15 | €151,121 | €76,732 | -€74,389 | -49.2% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €149,621 | €75,232 | -€74,389 | -49.7% |
| Distributable reserves | 133 | €149,621 | €75,232 | -€74,389 | -49.7% |
| Amounts payable | 17/49 | €60,774 | €77,831 | +€17,057 | +28.1% |
| Amounts payable after more than one year | 17 | €1,904 | - | -€1,904 | |
| Financial debts | 170/4 | €1,904 | - | -€1,904 | |
| Amounts payable within one year | 42/48 | €58,483 | €77,831 | +€19,348 | +33.1% |
| Current portion of amounts payable after more than one year | 42 | €1,823 | €1,904 | +€81 | +4.4% |
| Trade debts | 44 | €1,802 | €10,375 | +€8,573 | +475.6% |
| Suppliers | 440/4 | €1,802 | €10,375 | +€8,573 | +475.6% |
| Taxes, remuneration and social security | 45 | €54,857 | €45,837 | -€9,021 | -16.4% |
| Taxes | 450/3 | €54,857 | €45,837 | -€9,021 | -16.4% |
| Other amounts payable | 47/48 | - | €19,715 | +€19,715 | |
| Accrued charges and deferred income | 492/3 | €387 | - | -€387 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,093 | €2,932 | -€160 | -5.2% |
| Other operating charges | 640/8 | €2,499 | €1,089 | -€1,410 | -56.4% |
| Gross operating margin | 9900 | €107,729 | €8,987 | -€98,742 | -91.7% |
| Operating profit (loss) | 9901 | €102,137 | €4,966 | -€97,171 | -95.1% |
| Financial income | 75/76B | - | €2,880 | +€2,880 | |
| Recurring financial income | 75 | - | €2,880 | +€2,880 | |
| Financial charges | 65/66B | €5,597 | €4,396 | -€1,201 | -21.5% |
| Recurring financial charges | 65 | €5,597 | €4,396 | -€1,201 | -21.5% |
| Profit (loss) for the period before taxes | 9903 | €96,541 | €3,451 | -€93,090 | -96.4% |
| Income taxes | 67/77 | €19,947 | €1,246 | -€18,701 | -93.8% |
| Profit (loss) for the period | 9904 | €76,594 | €2,204 | -€74,389 | -97.1% |
| Profit (loss) for the period to be appropriated | 9905 | €76,594 | €2,204 | -€74,389 | -97.1% |
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.