ELOTRA SOLUTIONS: 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.
ELOTRA SOLUTIONS
Largest movements
- Receivables after one year +€59,388
up €59,388 (+125%), from €47,400 to €106,788
- Tangible fixed assets -€11,441
down €11,441 (-33.0%), from €34,663 to €23,222
- Receivables within one year +€5,040
new in 2025: €5,040
- Tax, wage and social debts +€16,649
up €16,649 (+329%), from €5,053 to €21,702
- Trade debts +€14,852
up €14,852 (+11,786%), from €126 to €14,978
- Reserves +€9,201
up €9,201 (+22.3%), from €41,187 to €50,387
- Current portion of long-term debt +€8,416
up €8,416 (+90.8%), from €9,270 to €17,686
- Short-term financial debts +€7,430
new in 2025: €7,430
- Gross operating margin +€12,115
up €12,115 (+55.6%), from €21,797 to €33,912
- Taxes +€2,877
up €2,877 (+87.0%), from €3,306 to €6,183
- Other operating charges +€2,663
up €2,663 (+331%), from €805 to €3,468
- Financial income -€1,578
no longer reported in 2025 (was €1,578)
- Financial charges +€905
up €905 (+33.4%), from €2,713 to €3,618
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.
Derived cash bridge
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 | €82,063 | €135,049 | +€52,986 | +64.6% |
| Fixed assets | 21/28 | €34,663 | €23,222 | -€11,441 | -33.0% |
| Tangible fixed assets | 22/27 | €34,663 | €23,222 | -€11,441 | -33.0% |
| Furniture and vehicles | 24 | €34,663 | €23,222 | -€11,441 | -33.0% |
| Current assets | 29/58 | €47,400 | €111,828 | +€64,428 | +136% |
| Amounts receivable after more than one year | 29 | €47,400 | €106,788 | +€59,388 | +125% |
| Trade receivables | 290 | €47,400 | €106,788 | +€59,388 | +125% |
| Amounts receivable within one year | 40/41 | - | €5,040 | +€5,040 | |
| Trade receivables | 40 | - | €5,040 | +€5,040 | |
| Cash at bank and in hand | 54/58 | €0 | €0 | = | |
| Total equity and liabilities | 10/49 | €82,063 | €135,049 | +€52,986 | +64.6% |
| Equity | 10/15 | €41,187 | €50,387 | +€9,201 | +22.3% |
| Reserves | 13 | €41,187 | €50,387 | +€9,201 | +22.3% |
| Distributable reserves | 133 | €41,187 | €50,387 | +€9,201 | +22.3% |
| Amounts payable | 17/49 | €40,876 | €84,662 | +€43,785 | +107% |
| Amounts payable after more than one year | 17 | €26,427 | €22,866 | -€3,561 | -13.5% |
| Financial debts | 170/4 | €26,427 | €22,866 | -€3,561 | -13.5% |
| Amounts payable within one year | 42/48 | €14,449 | €61,796 | +€47,346 | +328% |
| Current portion of amounts payable after more than one year | 42 | €9,270 | €17,686 | +€8,416 | +90.8% |
| Financial debts | 43 | - | €7,430 | +€7,430 | |
| Credit institutions | 430/8 | - | €7,430 | +€7,430 | |
| Trade debts | 44 | €126 | €14,978 | +€14,852 | +11,786% |
| Suppliers | 440/4 | €126 | €14,978 | +€14,852 | +11,786% |
| Taxes, remuneration and social security | 45 | €5,053 | €21,702 | +€16,649 | +329% |
| Taxes | 450/3 | €5,053 | €21,702 | +€16,649 | +329% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,146 | €11,441 | +€296 | +2.7% |
| Other operating charges | 640/8 | €805 | €3,468 | +€2,663 | +331% |
| Gross operating margin | 9900 | €21,797 | €33,912 | +€12,115 | +55.6% |
| Operating profit (loss) | 9901 | €9,846 | €19,002 | +€9,156 | +93.0% |
| Financial income | 75/76B | €1,578 | - | -€1,578 | |
| Recurring financial income | 75 | €1,578 | - | -€1,578 | |
| Financial charges | 65/66B | €2,713 | €3,618 | +€905 | +33.4% |
| Recurring financial charges | 65 | €2,713 | €3,618 | +€905 | +33.4% |
| Profit (loss) for the period before taxes | 9903 | €8,711 | €15,384 | +€6,673 | +76.6% |
| Income taxes | 67/77 | €3,306 | €6,183 | +€2,877 | +87.0% |
| Profit (loss) for the period | 9904 | €5,405 | €9,201 | +€3,796 | +70.2% |
| Profit (loss) for the period to be appropriated | 9905 | €5,405 | €9,201 | +€3,796 | +70.2% |
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 25 October 2026 via checked.be.