ELPOS: 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.
ELPOS
Largest movements
- Receivables within one year -€11,839
down €11,839 (-84.3%), from €14,052 to €2,213
of which Trade receivables: -€11,147
- Tangible fixed assets -€11,763
down €11,763 (-72.0%), from €16,328 to €4,565
of which Plant, machinery and equipment: -€6,729
- Cash +€4,621
up €4,621 (+13291.0%), from €35 to €4,656
mainly Receivables within one year (+€11,839) and Depreciation (+€11,763)
- Profit (loss) carried forward -€7,951
down €7,951 (-25.5%), from -€31,224 to -€39,175
- Current portion of long-term debt -€5,707
down €5,707 (-100.0%), from €5,707 to €0
- Other debts -€4,652
down €4,652 (-28.3%), from €16,443 to €11,791
- Tax, wage and social debts -€3,353
down €3,353 (-78.6%), from €4,266 to €914
- Trade debts +€2,446
up €2,446 (+410.9%), from €595 to €3,041
- Gross operating margin -€8,858
down €8,858 (-56.0%), from €15,821 to €6,964
- Depreciation -€5,708
down €5,708 (-32.7%), from €17,471 to €11,763
- Taxes +€1,129
up €1,129, from €0 to €1,129
- Other operating charges -€478
down €478 (-24.5%), from €1,952 to €1,474
- Financial charges -€401
down €401 (-40.9%), from €979 to €578
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 | €32,173 | €13,372 | -€18,801 | -58.4% |
| Fixed assets | 21/28 | €16,328 | €4,565 | -€11,763 | -72.0% |
| Tangible fixed assets | 22/27 | €16,328 | €4,565 | -€11,763 | -72.0% |
| Plant, machinery and equipment | 23 | €8,604 | €1,876 | -€6,729 | -78.2% |
| Furniture and vehicles | 24 | €7,723 | €2,689 | -€5,034 | -65.2% |
| Current assets | 29/58 | €15,845 | €8,807 | -€7,038 | -44.4% |
| Amounts receivable within one year | 40/41 | €14,052 | €2,213 | -€11,839 | -84.3% |
| Trade receivables | 40 | €12,052 | €905 | -€11,147 | -92.5% |
| Other amounts receivable | 41 | €2,000 | €1,308 | -€692 | -34.6% |
| Cash at bank and in hand | 54/58 | €35 | €4,656 | +€4,621 | +13291.0% |
| Deferred charges and accrued income | 490/1 | €1,759 | €1,938 | +€179 | +10.2% |
| Total equity and liabilities | 10/49 | €32,173 | €13,372 | -€18,801 | -58.4% |
| Equity | 10/15 | -€21,224 | -€29,175 | -€7,951 | -37.5% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€31,224 | -€39,175 | -€7,951 | -25.5% |
| Amounts payable | 17/49 | €53,397 | €42,547 | -€10,850 | -20.3% |
| Amounts payable after more than one year | 17 | €25,000 | €25,000 | = | 0.0% |
| Financial debts | 170/4 | €25,000 | €25,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €27,101 | €15,746 | -€11,355 | -41.9% |
| Current portion of amounts payable after more than one year | 42 | €5,707 | €0 | -€5,707 | -100.0% |
| Financial debts | 43 | €89 | €0 | -€89 | -100.0% |
| Credit institutions | 430/8 | €89 | €0 | -€89 | -100.0% |
| Trade debts | 44 | €595 | €3,041 | +€2,446 | +410.9% |
| Suppliers | 440/4 | €595 | €3,041 | +€2,446 | +410.9% |
| Taxes, remuneration and social security | 45 | €4,266 | €914 | -€3,353 | -78.6% |
| Taxes | 450/3 | €4,266 | €914 | -€3,353 | -78.6% |
| Other amounts payable | 47/48 | €16,443 | €11,791 | -€4,652 | -28.3% |
| Accrued charges and deferred income | 492/3 | €1,296 | €1,802 | +€505 | +39.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,471 | €11,763 | -€5,708 | -32.7% |
| Other operating charges | 640/8 | €1,952 | €1,474 | -€478 | -24.5% |
| Gross operating margin | 9900 | €15,821 | €6,964 | -€8,858 | -56.0% |
| Operating profit (loss) | 9901 | -€3,601 | -€6,272 | -€2,671 | -74.2% |
| Financial income | 75/76B | €0 | €29 | +€29 | |
| Recurring financial income | 75 | €0 | €29 | +€29 | |
| Financial charges | 65/66B | €979 | €578 | -€401 | -40.9% |
| Recurring financial charges | 65 | €979 | €578 | -€401 | -40.9% |
| Profit (loss) for the period before taxes | 9903 | -€4,580 | -€6,822 | -€2,242 | -48.9% |
| Income taxes | 67/77 | €0 | €1,129 | +€1,129 | |
| Profit (loss) for the period | 9904 | -€4,580 | -€7,951 | -€3,371 | -73.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,580 | -€7,951 | -€3,371 | -73.6% |
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 3 October 2026 via checked.be.