ELOU CONSULT: 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.
ELOU CONSULT
Largest movements
- Receivables within one year +€144,300
up €144,300 (+49.3%), from €292,667 to €436,966
of which Trade receivables: +€95,976
- Tangible fixed assets -€12,171
down €12,171 (-4.0%), from €307,730 to €295,559
of which Land and buildings: -€7,636
- Other debts +€175,905
up €175,905 (+108%), from €162,984 to €338,889
- Profit (loss) carried forward -€30,737
down €30,737 (-25.9%), from €118,787 to €88,050
- Debts after one year -€18,108
down €18,108 (-6.9%), from €261,107 to €242,999
- Gross operating margin -€82,423
down €82,423, from €72,073 to -€10,350
- Other operating charges -€9,268
down €9,268 (-83.0%), from €11,162 to €1,894
- Financial charges -€5,116
down €5,116 (-46.0%), from €11,131 to €6,015
- Taxes -€3,219
down €3,219 (-91.3%), from €3,526 to €307
- Staff costs -€1,645
no longer reported in 2025 (was €1,645)
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 | €602,848 | €735,480 | +€132,633 | +22.0% |
| Fixed assets | 21/28 | €307,780 | €298,009 | -€9,771 | -3.2% |
| Tangible fixed assets | 22/27 | €307,730 | €295,559 | -€12,171 | -4.0% |
| Land and buildings | 22 | €284,227 | €276,592 | -€7,636 | -2.7% |
| Plant, machinery and equipment | 23 | €627 | €313 | -€314 | -50.1% |
| Furniture and vehicles | 24 | €2,047 | €891 | -€1,156 | -56.5% |
| Other tangible fixed assets | 26 | €20,828 | €17,763 | -€3,065 | -14.7% |
| Financial fixed assets | 28 | €50 | €2,450 | +€2,400 | +4,800% |
| Current assets | 29/58 | €295,067 | €437,471 | +€142,404 | +48.3% |
| Amounts receivable within one year | 40/41 | €292,667 | €436,966 | +€144,300 | +49.3% |
| Trade receivables | 40 | €202,120 | €298,097 | +€95,976 | +47.5% |
| Other amounts receivable | 41 | €90,546 | €138,870 | +€48,324 | +53.4% |
| Cash at bank and in hand | 54/58 | €2,401 | €192 | -€2,209 | -92.0% |
| Deferred charges and accrued income | 490/1 | - | €313 | +€313 | |
| Total equity and liabilities | 10/49 | €602,848 | €735,480 | +€132,633 | +22.0% |
| Equity | 10/15 | €139,247 | €108,510 | -€30,737 | -22.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| 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 | €118,787 | €88,050 | -€30,737 | -25.9% |
| Amounts payable | 17/49 | €463,601 | €626,971 | +€163,370 | +35.2% |
| Amounts payable after more than one year | 17 | €261,107 | €242,999 | -€18,108 | -6.9% |
| Financial debts | 170/4 | €261,107 | €242,999 | -€18,108 | -6.9% |
| Amounts payable within one year | 42/48 | €202,494 | €383,972 | +€181,478 | +89.6% |
| Current portion of amounts payable after more than one year | 42 | €17,763 | €18,108 | +€345 | +1.9% |
| Trade debts | 44 | €14,026 | €17,319 | +€3,292 | +23.5% |
| Suppliers | 440/4 | €14,026 | €17,319 | +€3,292 | +23.5% |
| Taxes, remuneration and social security | 45 | €7,721 | €9,656 | +€1,936 | +25.1% |
| Taxes | 450/3 | €4,057 | €4,264 | +€208 | +5.1% |
| Remuneration and social security | 454/9 | €3,664 | €5,392 | +€1,728 | +47.2% |
| Other amounts payable | 47/48 | €162,984 | €338,889 | +€175,905 | +108% |
| Remuneration, social security and pensions | 62 | €1,645 | - | -€1,645 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,629 | €12,171 | -€458 | -3.6% |
| Other operating charges | 640/8 | €11,162 | €1,894 | -€9,268 | -83.0% |
| Gross operating margin | 9900 | €72,073 | -€10,350 | -€82,423 | |
| Operating profit (loss) | 9901 | €46,637 | -€24,415 | -€71,052 | |
| Financial income | 75/76B | €7 | - | -€7 | |
| Recurring financial income | 75 | €7 | - | -€7 | |
| Financial charges | 65/66B | €11,131 | €6,015 | -€5,116 | -46.0% |
| Recurring financial charges | 65 | €11,131 | €6,015 | -€5,116 | -46.0% |
| Profit (loss) for the period before taxes | 9903 | €35,512 | -€30,430 | -€65,943 | |
| Income taxes | 67/77 | €3,526 | €307 | -€3,219 | -91.3% |
| Profit (loss) for the period | 9904 | €31,987 | -€30,737 | -€62,724 | |
| Profit (loss) for the period to be appropriated | 9905 | €31,987 | -€30,737 | -€62,724 |
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 28 October 2026 via checked.be.