ELRACO: 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.
ELRACO
Largest movements
- Receivables within one year +€66,770
up €66,770 (+135.9%), from €49,128 to €115,898
of which Trade receivables: +€65,250
- Cash +€48,233
up €48,233 (+64.0%), from €75,381 to €123,614
mainly Net result for the year (+€111,501) and Other debts (+€81,590)
- Stocks and contracts +€9,175
up €9,175 (+253.1%), from €3,625 to €12,799
- Other debts +€81,590
up €81,590 (+815.9%), from €10,000 to €91,590
- Tax, wage and social debts +€21,162
up €21,162 (+146.2%), from €14,472 to €35,635
of which Taxes: +€21,162
- Reserves +€19,911
up €19,911 (+8.4%), from €237,192 to €257,103
- Debts after one year -€5,841
down €5,841 (-42.5%), from €13,752 to €7,911
- Gross operating margin +€88,625
up €88,625 (+111.6%), from €79,411 to €168,036
- Taxes +€28,879
up €28,879 (+131.4%), from €21,970 to €50,849
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 | €298,665 | €421,319 | +€122,654 | +41.1% |
| Fixed assets | 21/28 | €42,482 | €38,699 | -€3,783 | -8.9% |
| Tangible fixed assets | 22/27 | €42,482 | €38,699 | -€3,783 | -8.9% |
| Plant, machinery and equipment | 23 | €412 | €156 | -€256 | -62.2% |
| Furniture and vehicles | 24 | €5,459 | €5,142 | -€317 | -5.8% |
| Other tangible fixed assets | 26 | €36,612 | €33,402 | -€3,210 | -8.8% |
| Current assets | 29/58 | €256,183 | €382,620 | +€126,437 | +49.4% |
| Amounts receivable after more than one year | 29 | €120,000 | €120,000 | = | 0.0% |
| Other amounts receivable | 291 | €120,000 | €120,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €3,625 | €12,799 | +€9,175 | +253.1% |
| Stocks | 30/36 | €3,625 | €12,799 | +€9,175 | +253.1% |
| Amounts receivable within one year | 40/41 | €49,128 | €115,898 | +€66,770 | +135.9% |
| Trade receivables | 40 | €30,637 | €95,887 | +€65,250 | +213.0% |
| Other amounts receivable | 41 | €18,491 | €20,011 | +€1,520 | +8.2% |
| Current investments | 50/53 | - | €0 | = | |
| Cash at bank and in hand | 54/58 | €75,381 | €123,614 | +€48,233 | +64.0% |
| Deferred charges and accrued income | 490/1 | €8,049 | €10,308 | +€2,260 | +28.1% |
| Total equity and liabilities | 10/49 | €298,665 | €421,319 | +€122,654 | +41.1% |
| Equity | 10/15 | €243,392 | €263,303 | +€19,911 | +8.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €237,192 | €257,103 | +€19,911 | +8.4% |
| Distributable reserves | 133 | €237,192 | €257,103 | +€19,911 | +8.4% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €55,273 | €158,016 | +€102,743 | +185.9% |
| Amounts payable after more than one year | 17 | €13,752 | €7,911 | -€5,841 | -42.5% |
| Financial debts | 170/4 | €13,752 | €7,911 | -€5,841 | -42.5% |
| Amounts payable within one year | 42/48 | €41,521 | €150,105 | +€108,584 | +261.5% |
| Current portion of amounts payable after more than one year | 42 | €5,764 | €5,841 | +€78 | +1.3% |
| Financial debts | 43 | €8,114 | €11,926 | +€3,812 | +47.0% |
| Credit institutions | 430/8 | €8,114 | €11,926 | +€3,812 | +47.0% |
| Trade debts | 44 | €3,171 | €5,114 | +€1,943 | +61.3% |
| Suppliers | 440/4 | €3,171 | €5,114 | +€1,943 | +61.3% |
| Taxes, remuneration and social security | 45 | €14,472 | €35,635 | +€21,162 | +146.2% |
| Taxes | 450/3 | €11,472 | €32,635 | +€21,162 | +184.5% |
| Remuneration and social security | 454/9 | €3,000 | €3,000 | = | 0.0% |
| Other amounts payable | 47/48 | €10,000 | €91,590 | +€81,590 | +815.9% |
| Non-recurring operating income | 76A | - | €3,589 | +€3,589 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,210 | €5,270 | +€60 | +1.2% |
| Other operating charges | 640/8 | €1,804 | €1,938 | +€134 | +7.4% |
| Gross operating margin | 9900 | €79,411 | €168,036 | +€88,625 | +111.6% |
| Operating profit (loss) | 9901 | €72,397 | €160,828 | +€88,431 | +122.1% |
| Financial income | 75/76B | €3,996 | €3,700 | -€296 | -7.4% |
| Recurring financial income | 75 | €3,996 | €3,700 | -€296 | -7.4% |
| Financial charges | 65/66B | €1,690 | €2,178 | +€488 | +28.9% |
| Recurring financial charges | 65 | €1,690 | €2,178 | +€488 | +28.9% |
| Profit (loss) for the period before taxes | 9903 | €74,703 | €162,350 | +€87,647 | +117.3% |
| Income taxes | 67/77 | €21,970 | €50,849 | +€28,879 | +131.4% |
| Profit (loss) for the period | 9904 | €52,732 | €111,501 | +€58,768 | +111.4% |
| Profit (loss) for the period to be appropriated | 9905 | €52,732 | €111,501 | +€58,768 | +111.4% |
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 7 October 2026 via checked.be.