ELOX: 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.
ELOX
Largest movements
- Cash -€97,984
down €97,984 (-86.7%), from €112,961 to €14,977
mainly Other debts (-€112,491) and Deferred charges and accrued income (-€477)
- Tangible fixed assets -€9,689
down €9,689 (-22.8%), from €42,548 to €32,859
of which Furniture and vehicles: -€5,600
- Receivables within one year -€4,419
down €4,419 (-31.1%), from €14,226 to €9,807
of which Trade receivables: -€10,305
- Other debts -€112,491
down €112,491 (-63.9%), from €175,989 to €63,498
- Gross operating margin -€12,913
down €12,913 (-52.5%), from €24,605 to €11,693
- Depreciation -€2,703
down €2,703 (-21.8%), from €12,392 to €9,689
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 | €169,735 | €58,119 | -€111,616 | -65.8% |
| Fixed assets | 21/28 | €42,548 | €32,859 | -€9,689 | -22.8% |
| Tangible fixed assets | 22/27 | €42,548 | €32,859 | -€9,689 | -22.8% |
| Plant, machinery and equipment | 23 | €1,801 | €940 | -€861 | -47.8% |
| Furniture and vehicles | 24 | €28,655 | €23,055 | -€5,600 | -19.5% |
| Other tangible fixed assets | 26 | €12,093 | €8,864 | -€3,229 | -26.7% |
| Current assets | 29/58 | €127,187 | €25,260 | -€101,926 | -80.1% |
| Amounts receivable within one year | 40/41 | €14,226 | €9,807 | -€4,419 | -31.1% |
| Trade receivables | 40 | €14,226 | €3,921 | -€10,305 | -72.4% |
| Other amounts receivable | 41 | - | €5,886 | +€5,886 | |
| Cash at bank and in hand | 54/58 | €112,961 | €14,977 | -€97,984 | -86.7% |
| Deferred charges and accrued income | 490/1 | - | €477 | +€477 | |
| Total equity and liabilities | 10/49 | €169,735 | €58,119 | -€111,616 | -65.8% |
| Equity | 10/15 | -€96,164 | -€95,320 | +€843 | +0.9% |
| Contributions | 10/11 | €235,000 | €235,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€331,164 | -€330,320 | +€843 | +0.3% |
| Amounts payable | 17/49 | €265,899 | €153,440 | -€112,459 | -42.3% |
| Amounts payable after more than one year | 17 | €89,846 | €89,846 | = | 0.0% |
| Financial debts | 170/4 | €89,846 | €89,846 | = | 0.0% |
| Amounts payable within one year | 42/48 | €176,052 | €63,593 | -€112,459 | -63.9% |
| Taxes, remuneration and social security | 45 | €63 | €95 | +€32 | +50.3% |
| Taxes | 450/3 | €63 | €95 | +€32 | +50.3% |
| Other amounts payable | 47/48 | €175,989 | €63,498 | -€112,491 | -63.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,392 | €9,689 | -€2,703 | -21.8% |
| Other operating charges | 640/8 | €788 | €632 | -€155 | -19.7% |
| Gross operating margin | 9900 | €24,605 | €11,693 | -€12,913 | -52.5% |
| Operating profit (loss) | 9901 | €11,425 | €1,371 | -€10,054 | -88.0% |
| Financial income | 75/76B | €9 | - | -€9 | |
| Recurring financial income | 75 | €9 | - | -€9 | |
| Financial charges | 65/66B | €307 | €370 | +€63 | +20.7% |
| Recurring financial charges | 65 | €307 | €370 | +€63 | +20.7% |
| Profit (loss) for the period before taxes | 9903 | €11,128 | €1,001 | -€10,127 | -91.0% |
| Income taxes | 67/77 | €63 | €158 | +€94 | +149% |
| Profit (loss) for the period | 9904 | €11,064 | €843 | -€10,221 | -92.4% |
| Profit (loss) for the period to be appropriated | 9905 | €11,064 | €843 | -€10,221 | -92.4% |
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 13 October 2026 via checked.be.