ELP Solutions: what changed
Two fiscal 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.
ELP Solutions
Largest movements
- Current investments +€60,000
new in 2025: €60,000
- Cash +€21,920
up €21,920 (+40.6%), from €53,974 to €75,893
mainly Net result for the year (+€54,906) and Receivables within one year (+€14,723)
- Receivables within one year -€14,723
down €14,723 (-39.9%), from €36,939 to €22,216
of which Trade receivables: -€14,723
- Profit (loss) carried forward +€54,906
up €54,906 (+76.4%), from €71,842 to €126,747
- Tax, wage and social debts +€7,076
up €7,076 (+29.8%), from €23,751 to €30,827
of which Remuneration and social security: +€5,129
- Trade debts +€4,369
up €4,369 (+817.4%), from €535 to €4,904
- Gross operating margin +€16,642
up €16,642 (+29.2%), from €57,087 to €73,729
- Taxes +€2,845
up €2,845 (+24.0%), from €11,862 to €14,706
- Depreciation +€881
up €881 (+98.7%), from €893 to €1,774
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.
Cash bridge derived
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 | €96,219 | €162,915 | +€66,696 | +69.3% |
| Fixed assets | 21/28 | €4,476 | €3,728 | -€748 | -16.7% |
| Tangible fixed assets | 22/27 | €4,476 | €3,728 | -€748 | -16.7% |
| Furniture and vehicles | 24 | €4,476 | €3,728 | -€748 | -16.7% |
| Current assets | 29/58 | €91,743 | €159,187 | +€67,444 | +73.5% |
| Amounts receivable within one year | 40/41 | €36,939 | €22,216 | -€14,723 | -39.9% |
| Trade receivables | 40 | €36,939 | €22,216 | -€14,723 | -39.9% |
| Other amounts receivable | 41 | €0 | - | = | |
| Current investments | 50/53 | - | €60,000 | +€60,000 | |
| Cash at bank and in hand | 54/58 | €53,974 | €75,893 | +€21,920 | +40.6% |
| Deferred charges and accrued income | 490/1 | €830 | €1,078 | +€247 | +29.8% |
| Total equity and liabilities | 10/49 | €96,219 | €162,915 | +€66,696 | +69.3% |
| Equity | 10/15 | €71,843 | €126,748 | +€54,906 | +76.4% |
| Contributions | 10/11 | €1 | €1 | = | 0.0% |
| Profit (loss) carried forward | 14 | €71,842 | €126,747 | +€54,906 | +76.4% |
| Amounts payable | 17/49 | €24,376 | €36,167 | +€11,791 | +48.4% |
| Amounts payable within one year | 42/48 | €24,376 | €35,867 | +€11,491 | +47.1% |
| Trade debts | 44 | €535 | €4,904 | +€4,369 | +817.4% |
| Suppliers | 440/4 | €535 | €4,904 | +€4,369 | +817.4% |
| Taxes, remuneration and social security | 45 | €23,751 | €30,827 | +€7,076 | +29.8% |
| Taxes | 450/3 | €23,751 | €25,698 | +€1,947 | +8.2% |
| Remuneration and social security | 454/9 | - | €5,129 | +€5,129 | |
| Other amounts payable | 47/48 | €90 | €136 | +€45 | +50.3% |
| Accrued charges and deferred income | 492/3 | - | €300 | +€300 | |
| Non-recurring operating income | 76A | - | €2,023 | +€2,023 | |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €893 | €1,774 | +€881 | +98.7% |
| Other operating charges | 640/8 | €100 | €434 | +€334 | +333.8% |
| Non-recurring operating charges | 66A | - | €1,885 | +€1,885 | |
| Gross operating margin | 9900 | €57,087 | €73,729 | +€16,642 | +29.2% |
| Operating profit (loss) | 9901 | €56,094 | €69,636 | +€13,542 | +24.1% |
| Financial income | 75/76B | €0 | €169 | +€169 | |
| Recurring financial income | 75 | €0 | €169 | +€169 | |
| Financial charges | 65/66B | €156 | €193 | +€38 | +24.1% |
| Recurring financial charges | 65 | €156 | €193 | +€38 | +24.1% |
| Profit (loss) for the period before taxes | 9903 | €55,938 | €69,612 | +€13,674 | +24.4% |
| Income taxes | 67/77 | €11,862 | €14,706 | +€2,845 | +24.0% |
| Profit (loss) for the period | 9904 | €44,076 | €54,906 | +€10,829 | +24.6% |
| Profit (loss) for the period to be appropriated | 9905 | €44,076 | €54,906 | +€10,829 | +24.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.