ELPOL SPRL: 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.
ELPOL SPRL
Largest movements
- Stocks and contracts -€30,000
no longer reported in 2025 (was €30,000)
- Receivables within one year +€26,977
up €26,977 (+72.5%), from €37,232 to €64,209
of which Trade receivables: +€25,334
- Tangible fixed assets -€8,788
down €8,788 (-44.1%), from €19,913 to €11,125
of which Furniture and vehicles: -€8,266
- Cash -€2,397
down €2,397 (-34.3%), from €6,988 to €4,591
mainly Receivables within one year (-€26,977) and Debts after one year (-€8,489)
- Debts after one year -€8,489
down €8,489 (-79.8%), from €10,631 to €2,143
- Profit (loss) carried forward -€6,298
down €6,298 (-58.2%), from €10,822 to €4,524
- Trade debts +€2,625
up €2,625 (+8.4%), from €31,309 to €33,933
- Tax, wage and social debts -€1,151
down €1,151 (-11.4%), from €10,116 to €8,964
of which Taxes: -€4,151
- Other debts -€1,035
no longer reported in 2025 (was €1,035)
- Gross operating margin -€3,404
down €3,404 (-42.5%), from €8,003 to €4,599
- Depreciation -€1,788
down €1,788 (-15.8%), from €11,296 to €9,507
- Financial income -€561
down €561 (-100.0%), from €561 to €0
- Taxes +€131
up €131 (+145,644%), from €0 to €131
- Financial charges -€115
down €115 (-22.4%), from €515 to €400
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 | €95,364 | €81,145 | -€14,219 | -14.9% |
| Fixed assets | 21/28 | €19,913 | €11,125 | -€8,788 | -44.1% |
| Tangible fixed assets | 22/27 | €19,913 | €11,125 | -€8,788 | -44.1% |
| Plant, machinery and equipment | 23 | €1,659 | €1,137 | -€522 | -31.5% |
| Furniture and vehicles | 24 | €18,253 | €9,987 | -€8,266 | -45.3% |
| Current assets | 29/58 | €75,451 | €70,020 | -€5,431 | -7.2% |
| Stocks and contracts in progress | 3 | €30,000 | - | -€30,000 | |
| Stocks | 30/36 | €30,000 | - | -€30,000 | |
| Amounts receivable within one year | 40/41 | €37,232 | €64,209 | +€26,977 | +72.5% |
| Trade receivables | 40 | €37,232 | €62,566 | +€25,334 | +68.0% |
| Other amounts receivable | 41 | - | €1,643 | +€1,643 | |
| Cash at bank and in hand | 54/58 | €6,988 | €4,591 | -€2,397 | -34.3% |
| Deferred charges and accrued income | 490/1 | €1,231 | €1,220 | -€11 | -0.9% |
| Total equity and liabilities | 10/49 | €95,364 | €81,145 | -€14,219 | -14.9% |
| Equity | 10/15 | €33,914 | €27,616 | -€6,298 | -18.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €4,492 | €4,492 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €2,632 | €2,632 | = | 0.0% |
| Profit (loss) carried forward | 14 | €10,822 | €4,524 | -€6,298 | -58.2% |
| Amounts payable | 17/49 | €61,451 | €53,529 | -€7,921 | -12.9% |
| Amounts payable after more than one year | 17 | €10,631 | €2,143 | -€8,489 | -79.8% |
| Financial debts | 170/4 | €10,631 | €2,143 | -€8,489 | -79.8% |
| Amounts payable within one year | 42/48 | €50,819 | €51,387 | +€567 | +1.1% |
| Current portion of amounts payable after more than one year | 42 | €8,360 | €8,489 | +€129 | +1.5% |
| Trade debts | 44 | €31,309 | €33,933 | +€2,625 | +8.4% |
| Suppliers | 440/4 | €31,309 | €33,933 | +€2,625 | +8.4% |
| Taxes, remuneration and social security | 45 | €10,116 | €8,964 | -€1,151 | -11.4% |
| Taxes | 450/3 | €5,116 | €964 | -€4,151 | -81.2% |
| Remuneration and social security | 454/9 | €5,000 | €8,000 | +€3,000 | +60.0% |
| Other amounts payable | 47/48 | €1,035 | - | -€1,035 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,296 | €9,507 | -€1,788 | -15.8% |
| Other operating charges | 640/8 | €864 | €859 | -€6 | -0.6% |
| Gross operating margin | 9900 | €8,003 | €4,599 | -€3,404 | -42.5% |
| Operating profit (loss) | 9901 | -€4,157 | -€5,767 | -€1,610 | -38.7% |
| Financial income | 75/76B | €561 | €0 | -€561 | -100.0% |
| Recurring financial income | 75 | €561 | €0 | -€561 | -100.0% |
| Financial charges | 65/66B | €515 | €400 | -€115 | -22.4% |
| Recurring financial charges | 65 | €515 | €400 | -€115 | -22.4% |
| Profit (loss) for the period before taxes | 9903 | -€4,111 | -€6,167 | -€2,056 | -50.0% |
| Income taxes | 67/77 | €0 | €131 | +€131 | +145,644% |
| Profit (loss) for the period | 9904 | -€4,111 | -€6,298 | -€2,187 | -53.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,111 | -€6,298 | -€2,187 | -53.2% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.