ELOYS: 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.
ELOYS
Largest movements
- Receivables within one year +€37,048
up €37,048 (+56.1%), from €66,068 to €103,116
of which Other amounts receivable: +€28,931
- Intangible fixed assets -€24,286
down €24,286 (-25.5%), from €95,119 to €70,833
- Stocks and contracts +€2,977
up €2,977 (+33.9%), from €8,775 to €11,752
- Other debts +€73,319
new in 2025: €73,319
- Reserves -€69,283
down €69,283 (-89.1%), from €77,731 to €8,448
- Profit (loss) carried forward +€31,473
up €31,473 (+452%), from €6,966 to €38,439
- Trade debts -€18,413
down €18,413 (-76.6%), from €24,034 to €5,621
- Debts after one year -€15,830
down €15,830 (-51.3%), from €30,830 to €15,000
- Gross operating margin +€13,210
up €13,210 (+21.8%), from €60,510 to €73,720
- Financial income -€5,820
down €5,820 (-100.0%), from €5,823 to €3
- Taxes +€4,207
up €4,207 (+47.7%), from €8,816 to €13,023
- Financial charges +€1,518
up €1,518 (+98.7%), from €1,538 to €3,056
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 | €174,087 | €187,119 | +€13,032 | +7.5% |
| Fixed assets | 21/28 | €95,449 | €70,943 | -€24,505 | -25.7% |
| Intangible fixed assets | 21 | €95,119 | €70,833 | -€24,286 | -25.5% |
| Tangible fixed assets | 22/27 | €330 | €110 | -€220 | -66.6% |
| Plant, machinery and equipment | 23 | €330 | €110 | -€220 | -66.6% |
| Current assets | 29/58 | €78,638 | €116,175 | +€37,538 | +47.7% |
| Stocks and contracts in progress | 3 | €8,775 | €11,752 | +€2,977 | +33.9% |
| Stocks | 30/36 | €8,775 | €11,752 | +€2,977 | +33.9% |
| Amounts receivable within one year | 40/41 | €66,068 | €103,116 | +€37,048 | +56.1% |
| Trade receivables | 40 | €6,686 | €14,803 | +€8,117 | +121% |
| Other amounts receivable | 41 | €59,382 | €88,313 | +€28,931 | +48.7% |
| Cash at bank and in hand | 54/58 | €2,557 | €825 | -€1,732 | -67.7% |
| Deferred charges and accrued income | 490/1 | €1,238 | €483 | -€756 | -61.0% |
| Total equity and liabilities | 10/49 | €174,087 | €187,119 | +€13,032 | +7.5% |
| Equity | 10/15 | €90,896 | €53,087 | -€37,810 | -41.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €77,731 | €8,448 | -€69,283 | -89.1% |
| Distributable reserves | 133 | €77,731 | €8,448 | -€69,283 | -89.1% |
| Profit (loss) carried forward | 14 | €6,966 | €38,439 | +€31,473 | +452% |
| Amounts payable | 17/49 | €83,190 | €134,032 | +€50,842 | +61.1% |
| Amounts payable after more than one year | 17 | €30,830 | €15,000 | -€15,830 | -51.3% |
| Financial debts | 170/4 | €30,830 | €15,000 | -€15,830 | -51.3% |
| Amounts payable within one year | 42/48 | €52,361 | €119,032 | +€66,672 | +127% |
| Current portion of amounts payable after more than one year | 42 | €16,978 | €15,830 | -€1,148 | -6.8% |
| Trade debts | 44 | €24,034 | €5,621 | -€18,413 | -76.6% |
| Suppliers | 440/4 | €24,034 | €5,621 | -€18,413 | -76.6% |
| Taxes, remuneration and social security | 45 | €11,349 | €24,262 | +€12,914 | +114% |
| Taxes | 450/3 | €11,349 | €24,262 | +€12,914 | +114% |
| Other amounts payable | 47/48 | - | €73,319 | +€73,319 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,585 | €24,505 | -€80 | -0.3% |
| Other operating charges | 640/8 | €1,754 | €1,665 | -€89 | -5.1% |
| Gross operating margin | 9900 | €60,510 | €73,720 | +€13,210 | +21.8% |
| Operating profit (loss) | 9901 | €34,172 | €47,550 | +€13,378 | +39.1% |
| Financial income | 75/76B | €5,823 | €3 | -€5,820 | -100.0% |
| Recurring financial income | 75 | €5,823 | €3 | -€5,820 | -100.0% |
| Financial charges | 65/66B | €1,538 | €3,056 | +€1,518 | +98.7% |
| Recurring financial charges | 65 | €1,538 | €3,056 | +€1,518 | +98.7% |
| Profit (loss) for the period before taxes | 9903 | €38,457 | €44,496 | +€6,039 | +15.7% |
| Income taxes | 67/77 | €8,816 | €13,023 | +€4,207 | +47.7% |
| Profit (loss) for the period | 9904 | €29,641 | €31,473 | +€1,832 | +6.2% |
| Profit (loss) for the period to be appropriated | 9905 | €29,641 | €31,473 | +€1,832 | +6.2% |
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 23 October 2026 via checked.be.