ELPEE: 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.
ELPEE
Largest movements
- Receivables within one year -€95,699
down €95,699 (-90.8%), from €105,448 to €9,748
of which Other amounts receivable: -€101,238
- Current investments +€71,938
up €71,938 (+191.6%), from €37,549 to €109,487
- Cash +€44,636
up €44,636 (+25.1%), from €178,142 to €222,778
mainly Receivables within one year (+€95,699) and Net result for the year (+€17,496)
- Tangible fixed assets -€12,014
down €12,014 (-38.0%), from €31,585 to €19,571
- Profit (loss) carried forward +€10,422
up €10,422, from -€10,422 to €0
- Reserves +€7,074
up €7,074 (+2.1%), from €332,157 to €339,231
of which Distributable reserves: +€7,074
- Other debts -€6,951
down €6,951 (-30.0%), from €23,182 to €16,231
- Financial income -€10,777
down €10,777 (-81.1%), from €13,281 to €2,504
- Gross operating margin +€6,267
up €6,267 (+17.9%), from €35,067 to €41,334
- Other operating charges +€654
up €654 (+62.3%), from €1,050 to €1,704
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 | €355,759 | €364,728 | +€8,970 | +2.5% |
| Fixed assets | 21/28 | €31,585 | €19,571 | -€12,014 | -38.0% |
| Tangible fixed assets | 22/27 | €31,585 | €19,571 | -€12,014 | -38.0% |
| Furniture and vehicles | 24 | €31,585 | €19,571 | -€12,014 | -38.0% |
| Current assets | 29/58 | €324,174 | €345,157 | +€20,983 | +6.5% |
| Amounts receivable within one year | 40/41 | €105,448 | €9,748 | -€95,699 | -90.8% |
| Trade receivables | 40 | €2,892 | €8,431 | +€5,539 | +191.5% |
| Other amounts receivable | 41 | €102,555 | €1,317 | -€101,238 | -98.7% |
| Current investments | 50/53 | €37,549 | €109,487 | +€71,938 | +191.6% |
| Cash at bank and in hand | 54/58 | €178,142 | €222,778 | +€44,636 | +25.1% |
| Deferred charges and accrued income | 490/1 | €3,036 | €3,144 | +€108 | +3.6% |
| Total equity and liabilities | 10/49 | €355,759 | €364,728 | +€8,970 | +2.5% |
| Equity | 10/15 | €327,935 | €345,431 | +€17,496 | +5.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €332,157 | €339,231 | +€7,074 | +2.1% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €332,157 | €339,231 | +€7,074 | +2.1% |
| Profit (loss) carried forward | 14 | -€10,422 | €0 | +€10,422 | |
| Amounts payable | 17/49 | €27,823 | €19,297 | -€8,526 | -30.6% |
| Amounts payable within one year | 42/48 | €27,670 | €19,297 | -€8,373 | -30.3% |
| Trade debts | 44 | €481 | €1,196 | +€715 | +148.5% |
| Suppliers | 440/4 | €481 | €1,196 | +€715 | +148.5% |
| Taxes, remuneration and social security | 45 | €4,007 | €1,870 | -€2,137 | -53.3% |
| Taxes | 450/3 | €4,007 | €1,870 | -€2,137 | -53.3% |
| Other amounts payable | 47/48 | €23,182 | €16,231 | -€6,951 | -30.0% |
| Accrued charges and deferred income | 492/3 | €154 | €0 | -€154 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,097 | €12,014 | -€83 | -0.7% |
| Other operating charges | 640/8 | €1,050 | €1,704 | +€654 | +62.3% |
| Non-recurring operating charges | 66A | €0 | €250 | +€250 | |
| Gross operating margin | 9900 | €35,067 | €41,334 | +€6,267 | +17.9% |
| Operating profit (loss) | 9901 | €21,920 | €27,366 | +€5,446 | +24.8% |
| Financial income | 75/76B | €13,281 | €2,504 | -€10,777 | -81.1% |
| Recurring financial income | 75 | €13,281 | €2,504 | -€10,777 | -81.1% |
| Financial charges | 65/66B | €659 | €837 | +€178 | +27.0% |
| Recurring financial charges | 65 | €659 | €837 | +€178 | +27.0% |
| Profit (loss) for the period before taxes | 9903 | €34,542 | €29,034 | -€5,509 | -15.9% |
| Income taxes | 67/77 | €11,189 | €11,538 | +€349 | +3.1% |
| Profit (loss) for the period | 9904 | €23,354 | €17,496 | -€5,858 | -25.1% |
| Profit (loss) for the period to be appropriated | 9905 | €23,354 | €17,496 | -€5,858 | -25.1% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.