ELOY WATER: 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 WATER
NACE 37.000, Sewerage
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€525,509
2024 · €1.4m-€1.9m
Equity
€7.6m
2024 · €8.2m-€521,642
Cash
€5,267
2024 · €282,987-€277,721
Balance sheet total
€13.3m
2024 · €13.5m-€168,166
Largest movements
Assets
- Tangible fixed assets +€345,298
up €345,298 (+2,715%), from €12,719 to €358,017
of which Furniture and vehicles: +€351,772
- Cash -€277,721
down €277,721 (-98.1%), from €282,987 to €5,267
mainly Investment in fixed assets (net) (-€1.7m) and Net result for the year (-€525,509)
Equity and liabilities
- Profit (loss) carried forward -€525,509
down €525,509 (-7.0%), from €7.5m to €7.0m
- Short-term financial debts +€375,916
up €375,916, from €0 to €375,916
- Trade debts -€223,079
down €223,079 (-5.6%), from €4.0m to €3.8m
- Advances received +€156,281
up €156,281 (+29.9%), from €523,194 to €679,475
Income statement
- Turnover -€1.2m
down €1.2m (-2.5%), from €49.0m to €47.8m
- Services and other goods +€552,864
up €552,864 (+7.5%), from €7.4m to €7.9m
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
€1.4m
Turnover
-€1.2m
Other operating income
-€55,058
Goods and materials
+€259,539
Services and other goods
-€552,864
Staff costs
-€118,217
Depreciation
-€138,666
Write-downs
+€230,942
Provisions
+€249,786
Other operating charges
-€220,241
Other operating items
-€188,890
Financial income
-€111,510
Financial charges
-€50,444
Taxes
+€6,204
Result 2025
-€525,509
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
+€858,552
Investment
-€1.7m
Financing
+€538,262
Cash 2024
€282,987
From operations (derived)
+€858,552
Net result for the year
-€525,509
Depreciation
+€1.4m
Stocks and contracts
+€436
Receivables within one year
+€30,259
Deferred charges and accrued income
+€131,683
Provisions
-€124,893
Trade debts
-€223,079
Tax, wage and social debts
+€18,472
Advances received
+€156,281
Accrued charges and deferred income
-€7,701
Investment (derived)
-€1.7m
Investment in fixed assets (net)
-€1.7m
Financing
+€538,262
Debts after one year
+€119,971
Current portion of long-term debt
+€38,509
Short-term financial debts
+€375,916
Contributions, distributions and other
+€3,867
Cash 2025
€5,267
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €13,499,860 | €13,331,695 | -€168,166 | -1.2% |
| Fixed assets | 21/28 | €4,083,664 | €4,355,597 | +€271,933 | +6.7% |
| Intangible fixed assets | 21 | €4,070,810 | €3,996,595 | -€74,215 | -1.8% |
| Tangible fixed assets | 22/27 | €12,719 | €358,017 | +€345,298 | +2,715% |
| Plant, machinery and equipment | 23 | €12,719 | €6,245 | -€6,474 | -50.9% |
| Furniture and vehicles | 24 | - | €351,772 | +€351,772 | |
| Assets under construction and advance payments | 27 | €0 | - | = | |
| Financial fixed assets | 28 | €135 | €985 | +€850 | +630% |
| Other financial fixed assets | 284/8 | €135 | €985 | +€850 | +630% |
| Amounts receivable and cash guarantees | 285/8 | €135 | €985 | +€850 | +630% |
| Current assets | 29/58 | €9,416,196 | €8,976,097 | -€440,099 | -4.7% |
| Stocks and contracts in progress | 3 | €54,438 | €54,002 | -€436 | -0.8% |
| Stocks | 30/36 | €54,438 | €54,002 | -€436 | -0.8% |
| Raw materials and consumables | 30/31 | €54,438 | €54,002 | -€436 | -0.8% |
| Amounts receivable within one year | 40/41 | €8,908,344 | €8,878,085 | -€30,259 | -0.3% |
| Trade receivables | 40 | €7,173,599 | €7,096,325 | -€77,273 | -1.1% |
| Other amounts receivable | 41 | €1,734,746 | €1,781,760 | +€47,014 | +2.7% |
| Cash at bank and in hand | 54/58 | €282,987 | €5,267 | -€277,721 | -98.1% |
| Deferred charges and accrued income | 490/1 | €170,426 | €38,743 | -€131,683 | -77.3% |
| Total equity and liabilities | 10/49 | €13,499,860 | €13,331,695 | -€168,166 | -1.2% |
| Equity | 10/15 | €8,150,664 | €7,629,022 | -€521,642 | -6.4% |
| Contributions | 10/11 | €123,845 | €123,845 | = | 0.0% |
| Capital | 10 | €88,450 | €88,450 | = | 0.0% |
| Issued capital | 100 | €88,450 | €88,450 | = | 0.0% |
| Contributions outside capital | 11 | €35,395 | €35,395 | = | 0.0% |
| Share premium | 1100/10 | €35,395 | €35,395 | = | 0.0% |
| Reserves | 13 | €496,345 | €496,345 | = | 0.0% |
| Non-distributable reserves | 130/1 | €8,845 | €8,845 | = | 0.0% |
| Legal reserve | 130 | €8,845 | €8,845 | = | 0.0% |
| Distributable reserves | 133 | €487,500 | €487,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €7,488,422 | €6,962,913 | -€525,509 | -7.0% |
| Investment grants | 15 | €42,052 | €45,919 | +€3,867 | +9.2% |
| Provisions and deferred taxes | 16 | €124,893 | €0 | -€124,893 | -100% |
| Provisions for liabilities and charges | 160/5 | €124,893 | €0 | -€124,893 | -100% |
| Other liabilities and charges | 164/5 | €124,893 | €0 | -€124,893 | -100% |
| Amounts payable | 17/49 | €5,224,304 | €5,702,673 | +€478,369 | +9.2% |
| Amounts payable after more than one year | 17 | - | €119,971 | +€119,971 | |
| Financial debts | 170/4 | - | €119,971 | +€119,971 | |
| Credit institutions | 173 | - | €119,971 | +€119,971 | |
| Amounts payable within one year | 42/48 | €5,176,721 | €5,542,820 | +€366,099 | +7.1% |
| Current portion of amounts payable after more than one year | 42 | - | €38,509 | +€38,509 | |
| Financial debts | 43 | €0 | €375,916 | +€375,916 | |
| Credit institutions | 430/8 | €0 | €375,916 | +€375,916 | |
| Trade debts | 44 | €3,999,279 | €3,776,200 | -€223,079 | -5.6% |
| Suppliers | 440/4 | €3,999,279 | €3,776,200 | -€223,079 | -5.6% |
| Advances received on contracts in progress | 46 | €523,194 | €679,475 | +€156,281 | +29.9% |
| Taxes, remuneration and social security | 45 | €616,483 | €634,956 | +€18,472 | +3.0% |
| Taxes | 450/3 | €86,752 | €49,296 | -€37,456 | -43.2% |
| Remuneration and social security | 454/9 | €529,731 | €585,660 | +€55,929 | +10.6% |
| Other amounts payable | 47/48 | €37,764 | €37,764 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €47,583 | €39,882 | -€7,701 | -16.2% |
| Operating income | 70/76A | €50,987,450 | €49,519,891 | -€1.5m | -2.9% |
| Turnover | 70 | €48,978,186 | €47,755,093 | -€1.2m | -2.5% |
| Own construction capitalised | 72 | €1,376,198 | €1,253,567 | -€122,631 | -8.9% |
| Other operating income | 74 | €566,288 | €511,231 | -€55,058 | -9.7% |
| Non-recurring operating income | 76A | €66,778 | €0 | -€66,778 | -100% |
| Operating charges | 60/66A | €49,717,880 | €50,007,082 | +€289,202 | +0.6% |
| Goods for resale, raw materials and consumables | 60 | €36,643,774 | €36,384,235 | -€259,539 | -0.7% |
| Purchases | 600/8 | €36,698,212 | €36,383,799 | -€314,413 | -0.9% |
| Change in stocks: decrease (increase) | 609 | -€54,438 | €436 | +€54,874 | |
| Services and other goods | 61 | €7,379,770 | €7,932,634 | +€552,864 | +7.5% |
| Remuneration, social security and pensions | 62 | €4,245,214 | €4,363,430 | +€118,217 | +2.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,263,936 | €1,402,602 | +€138,666 | +11.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €4,511 | -€226,431 | -€230,942 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €124,893 | -€124,893 | -€249,786 | |
| Other operating charges | 640/8 | €54,514 | €274,755 | +€220,241 | +404% |
| Non-recurring operating charges | 66A | €1,269 | €750 | -€519 | -40.9% |
| Operating profit (loss) | 9901 | €1,269,570 | -€487,192 | -€1.8m | |
| Financial income | 75/76B | €210,434 | €98,923 | -€111,510 | -53.0% |
| Recurring financial income | 75 | €210,434 | €98,923 | -€111,510 | -53.0% |
| Income from current assets | 751 | €54,159 | €63,844 | +€9,685 | +17.9% |
| Other financial income | 752/9 | €156,275 | €35,079 | -€121,196 | -77.6% |
| Financial charges | 65/66B | €93,001 | €143,445 | +€50,444 | +54.2% |
| Recurring financial charges | 65 | €93,001 | €143,445 | +€50,444 | +54.2% |
| Debt charges | 650 | €37,451 | €17,483 | -€19,968 | -53.3% |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals) | 651 | - | €80,176 | +€80,176 | |
| Other financial charges | 652/9 | €55,550 | €45,786 | -€9,764 | -17.6% |
| Profit (loss) for the period before taxes | 9903 | €1,387,003 | -€531,713 | -€1.9m | |
| Income taxes | 67/77 | - | -€6,204 | -€6,204 | |
| Tax adjustments and reversals of tax provisions | 77 | - | €6,204 | +€6,204 | |
| Profit (loss) for the period | 9904 | €1,387,003 | -€525,509 | -€1.9m | |
| Profit (loss) for the period to be appropriated | 9905 | €1,387,003 | -€525,509 | -€1.9m |
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 29 October 2026 via checked.be.