ELQOO: 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.
ELQOO
Largest movements
- Current investments +€49,049
up €49,049 (+84.9%), from €57,772 to €106,821
- Receivables within one year +€15,179
up €15,179 (+144%), from €10,518 to €25,697
of which Trade receivables: +€15,197
- Cash -€4,472
down €4,472 (-74.3%), from €6,021 to €1,549
mainly Contributions, distributions and other (-€120,834) and Current investments (-€49,049)
- Other debts +€114,542
up €114,542 (+7,536%), from €1,520 to €116,062
- Reserves -€60,001
down €60,001 (-86.5%), from €69,334 to €9,333
- Accrued charges and deferred income +€4,046
up €4,046 (+3,488%), from €116 to €4,162
- Gross operating margin +€34,653
up €34,653 (+69.2%), from €50,050 to €84,704
- Taxes +€6,594
up €6,594 (+69.5%), from €9,490 to €16,084
- Financial charges +€3,770
up €3,770 (+338%), from €1,117 to €4,887
- Financial income +€917
up €917 (+275%), from €334 to €1,251
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 | €84,267 | €144,968 | +€60,700 | +72.0% |
| Fixed assets | 21/28 | €7,624 | €8,390 | +€766 | +10.0% |
| Tangible fixed assets | 22/27 | €7,624 | €8,390 | +€766 | +10.0% |
| Furniture and vehicles | 24 | €7,624 | €8,390 | +€766 | +10.0% |
| Current assets | 29/58 | €76,643 | €136,578 | +€59,935 | +78.2% |
| Amounts receivable within one year | 40/41 | €10,518 | €25,697 | +€15,179 | +144% |
| Trade receivables | 40 | €10,500 | €25,697 | +€15,197 | +145% |
| Other amounts receivable | 41 | €18 | - | -€18 | |
| Current investments | 50/53 | €57,772 | €106,821 | +€49,049 | +84.9% |
| Cash at bank and in hand | 54/58 | €6,021 | €1,549 | -€4,472 | -74.3% |
| Deferred charges and accrued income | 490/1 | €2,332 | €2,510 | +€178 | +7.6% |
| Total equity and liabilities | 10/49 | €84,267 | €144,968 | +€60,700 | +72.0% |
| Equity | 10/15 | €75,534 | €15,533 | -€60,001 | -79.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €69,334 | €9,333 | -€60,001 | -86.5% |
| Distributable reserves | 133 | €69,334 | €9,333 | -€60,001 | -86.5% |
| Amounts payable | 17/49 | €8,733 | €129,435 | +€120,702 | +1,382% |
| Amounts payable within one year | 42/48 | €8,617 | €125,272 | +€116,655 | +1,354% |
| Financial debts | 43 | €5 | €170 | +€165 | +3,375% |
| Credit institutions | 430/8 | €5 | €170 | +€165 | +3,375% |
| Trade debts | 44 | €1,575 | €2,315 | +€741 | +47.0% |
| Suppliers | 440/4 | €1,575 | €2,315 | +€741 | +47.0% |
| Taxes, remuneration and social security | 45 | €5,517 | €6,725 | +€1,208 | +21.9% |
| Taxes | 450/3 | €5,517 | €6,725 | +€1,208 | +21.9% |
| Other amounts payable | 47/48 | €1,520 | €116,062 | +€114,542 | +7,536% |
| Accrued charges and deferred income | 492/3 | €116 | €4,162 | +€4,046 | +3,488% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,385 | €3,209 | +€824 | +34.5% |
| Other operating charges | 640/8 | €635 | €734 | +€99 | +15.6% |
| Non-recurring operating charges | 66A | - | €208 | +€208 | |
| Gross operating margin | 9900 | €50,050 | €84,704 | +€34,653 | +69.2% |
| Operating profit (loss) | 9901 | €47,031 | €80,553 | +€33,523 | +71.3% |
| Financial income | 75/76B | €334 | €1,251 | +€917 | +275% |
| Recurring financial income | 75 | €334 | €1,251 | +€917 | +275% |
| Financial charges | 65/66B | €1,117 | €4,887 | +€3,770 | +338% |
| Recurring financial charges | 65 | €1,117 | €4,887 | +€3,770 | +338% |
| Profit (loss) for the period before taxes | 9903 | €46,248 | €76,917 | +€30,670 | +66.3% |
| Income taxes | 67/77 | €9,490 | €16,084 | +€6,594 | +69.5% |
| Profit (loss) for the period | 9904 | €36,757 | €60,833 | +€24,076 | +65.5% |
| Profit (loss) for the period to be appropriated | 9905 | €36,757 | €60,833 | +€24,076 | +65.5% |
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.