ELOY GROUP: 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.
What changed
ELOY GROUP
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€538,263
2024 · -€842,078+€1.4m
Equity
€28.6m
2024 · €28.3m+€334,293
Cash
€5.0m
2024 · €4.0m+€975,533
Balance sheet total
€39.1m
2024 · €34.6m+€4.5m
Largest movements
Assets
- Financial fixed assets +€4.9m
up €4.9m (+17.0%), from €29.1m to €34.1m
of which Affiliated companies: +€6.2m
- Cash +€975,533
up €975,533 (+24.5%), from €4.0m to €5.0m
mainly Debts after one year (+€4.4m) and Receivables within one year (+€909,945)
- Receivables within one year -€909,945
down €909,945 (-100%), from €909,945 to €0
- Receivables after one year -€399,896
down €399,896 (-100%), from €399,896 to €0
Equity and liabilities
- Debts after one year +€4.4m
up €4.4m (+85.4%), from €5.1m to €9.5m
- Other debts -€640,354
down €640,354 (-75.8%), from €844,324 to €203,970
Income statement
- Financial income +€1.1m
up €1.1m (+1,218%), from €90,061 to €1.2m
of which Financial income: +€1.1m
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.
Result 2024
-€842,078
Write-downs
+€52,500
Other operating charges
-€7,649
Other operating items
-€42,712
Financial income
+€1.1m
Financial charges
+€280,930
Result 2025
€538,263
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€1.4m
Investment
-€4.9m
Financing
+€4.6m
Cash 2024
€4.0m
From operations (derived)
+€1.4m
Net result for the year
+€538,263
Depreciation
+€40,813
Receivables after one year
+€399,896
Receivables within one year
+€909,945
Deferred charges and accrued income
+€57,682
Trade debts
-€4,401
Other debts
-€640,354
Accrued charges and deferred income
+€68,399
Investment (derived)
-€4.9m
Investment in fixed assets (net)
-€4.9m
Financing
+€4.6m
Debts after one year
+€4.4m
Current portion of long-term debt
+€367,560
Contributions, distributions and other
-€203,970
Cash 2025
€5.0m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €34,560,935 | €39,076,016 | +€4.5m | +13.1% |
| Fixed assets | 21/28 | €29,214,072 | €34,121,142 | +€4.9m | +16.8% |
| Intangible fixed assets | 21 | €81,625 | €40,813 | -€40,813 | -50.0% |
| Financial fixed assets | 28 | €29,132,446 | €34,080,329 | +€4.9m | +17.0% |
| Affiliated companies | 280/1 | €27,915,577 | €34,080,329 | +€6.2m | +22.1% |
| Participating interests | 280 | €27,915,577 | €34,080,329 | +€6.2m | +22.1% |
| Companies linked by participating interests | 282/3 | €1,031,580 | €0 | -€1.0m | -100% |
| Participating interests | 282 | €1,031,580 | €0 | -€1.0m | -100% |
| Other financial fixed assets | 284/8 | €185,289 | €0 | -€185,289 | -100% |
| Shares | 284 | €185,289 | €0 | -€185,289 | -100% |
| Current assets | 29/58 | €5,346,863 | €4,954,874 | -€391,989 | -7.3% |
| Amounts receivable after more than one year | 29 | €399,896 | €0 | -€399,896 | -100% |
| Other amounts receivable | 291 | €399,896 | €0 | -€399,896 | -100% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €909,945 | €0 | -€909,945 | -100% |
| Other amounts receivable | 41 | €909,945 | €0 | -€909,945 | -100% |
| Cash at bank and in hand | 54/58 | €3,979,340 | €4,954,874 | +€975,533 | +24.5% |
| Deferred charges and accrued income | 490/1 | €57,682 | €0 | -€57,682 | -100% |
| Total equity and liabilities | 10/49 | €34,560,935 | €39,076,016 | +€4.5m | +13.1% |
| Equity | 10/15 | €28,260,284 | €28,594,577 | +€334,293 | +1.2% |
| Contributions | 10/11 | €15,148,000 | €15,148,000 | = | 0.0% |
| Capital | 10 | €15,148,000 | €15,148,000 | = | 0.0% |
| Issued capital | 100 | €15,148,000 | €15,148,000 | = | 0.0% |
| Reserves | 13 | €1,514,800 | €1,514,800 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,514,800 | €1,514,800 | = | 0.0% |
| Legal reserve | 130 | €1,514,800 | €1,514,800 | = | 0.0% |
| Profit (loss) carried forward | 14 | €11,597,484 | €11,931,777 | +€334,293 | +2.9% |
| Amounts payable | 17/49 | €6,300,651 | €10,481,439 | +€4.2m | +66.4% |
| Amounts payable after more than one year | 17 | €5,141,667 | €9,531,250 | +€4.4m | +85.4% |
| Financial debts | 170/4 | €5,141,667 | €9,531,250 | +€4.4m | +85.4% |
| Subordinated loans | 170 | €5,000,000 | €9,531,250 | +€4.5m | +90.6% |
| Credit institutions | 173 | €141,667 | €0 | -€141,667 | -100% |
| Amounts payable within one year | 42/48 | €1,090,538 | €813,343 | -€277,195 | -25.4% |
| Current portion of amounts payable after more than one year | 42 | €222,619 | €590,179 | +€367,560 | +165% |
| Trade debts | 44 | €23,595 | €19,194 | -€4,401 | -18.7% |
| Suppliers | 440/4 | €23,595 | €19,194 | -€4,401 | -18.7% |
| Other amounts payable | 47/48 | €844,324 | €203,970 | -€640,354 | -75.8% |
| Accrued charges and deferred income | 492/3 | €68,446 | €136,845 | +€68,399 | +99.9% |
| Operating income | 70/76A | €0 | - | = | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Operating charges | 60/66A | €167,595 | €165,455 | -€2,140 | -1.3% |
| Services and other goods | 61 | €60,925 | €103,637 | +€42,712 | +70.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,813 | €40,813 | = | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €52,500 | €0 | -€52,500 | -100% |
| Other operating charges | 640/8 | €13,358 | €21,006 | +€7,649 | +57.3% |
| Operating profit (loss) | 9901 | -€167,595 | -€165,455 | +€2,140 | +1.3% |
| Financial income | 75/76B | €90,061 | €1,187,332 | +€1.1m | +1,218% |
| Recurring financial income | 75 | €90,061 | €1,187,332 | +€1.1m | +1,218% |
| Income from financial fixed assets | 750 | €0 | €1,000,000 | +€1.0m | |
| Income from current assets | 751 | €90,061 | €187,332 | +€97,271 | +108% |
| Other financial income | 752/9 | €0 | €0 | -€0 | -100% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €764,543 | €483,613 | -€280,930 | -36.7% |
| Recurring financial charges | 65 | €76,382 | €483,613 | +€407,231 | +533% |
| Debt charges | 650 | €74,848 | €482,072 | +€407,224 | +544% |
| Other financial charges | 652/9 | €1,534 | €1,541 | +€7 | +0.4% |
| Non-recurring financial charges | 66B | €688,161 | €0 | -€688,161 | -100% |
| Profit (loss) for the period before taxes | 9903 | -€842,078 | €538,263 | +€1.4m | |
| Profit (loss) for the period | 9904 | -€842,078 | €538,263 | +€1.4m | |
| Profit (loss) for the period to be appropriated | 9905 | -€842,078 | €538,263 | +€1.4m |
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 22 October 2026 via checked.be.