ELRICO: 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.
ELRICO
Largest movements
- Tangible fixed assets +€12,235
new in 2025: €12,235
- Cash +€4,100
up €4,100 (+54.7%), from €7,497 to €11,597
mainly Net result for the year (+€14,807) and Tax, wage and social debts (+€5,574)
- Receivables within one year +€1,870
up €1,870 (+52.3%), from €3,575 to €5,445
of which Trade receivables: +€5,445
- Deferred charges and accrued income +€647
new in 2025: €647
- Reserves +€14,807
new in 2025: €14,807
- Tax, wage and social debts +€5,574
new in 2025: €5,574
- Other debts -€2,000
down €2,000 (-41.2%), from €4,851 to €2,851
- Trade debts +€472
up €472 (+192%), from €246 to €718
- Gross operating margin +€15,335
up €15,335 (+216%), from €7,103 to €22,438
- Taxes +€4,559
up €4,559 (+452%), from €1,010 to €5,569
- Depreciation +€1,249
new in 2025: €1,249
- Other operating charges -€747
down €747 (-57.6%), from €1,296 to €549
- Financial charges -€558
down €558 (-67.8%), from €823 to €265
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 | €11,072 | €29,925 | +€18,853 | +170% |
| Fixed assets | 21/28 | - | €12,235 | +€12,235 | |
| Tangible fixed assets | 22/27 | - | €12,235 | +€12,235 | |
| Furniture and vehicles | 24 | - | €12,235 | +€12,235 | |
| Current assets | 29/58 | €11,072 | €17,690 | +€6,617 | +59.8% |
| Amounts receivable within one year | 40/41 | €3,575 | €5,445 | +€1,870 | +52.3% |
| Trade receivables | 40 | - | €5,445 | +€5,445 | |
| Other amounts receivable | 41 | €3,575 | - | -€3,575 | |
| Cash at bank and in hand | 54/58 | €7,497 | €11,597 | +€4,100 | +54.7% |
| Deferred charges and accrued income | 490/1 | - | €647 | +€647 | |
| Total equity and liabilities | 10/49 | €11,072 | €29,925 | +€18,853 | +170% |
| Equity | 10/15 | €5,975 | €20,782 | +€14,807 | +248% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | - | €14,807 | +€14,807 | |
| Distributable reserves | 133 | - | €14,807 | +€14,807 | |
| Profit (loss) carried forward | 14 | €3,975 | €3,975 | +€0 | 0.0% |
| Amounts payable | 17/49 | €5,097 | €9,143 | +€4,046 | +79.4% |
| Amounts payable within one year | 42/48 | €5,097 | €9,143 | +€4,046 | +79.4% |
| Trade debts | 44 | €246 | €718 | +€472 | +192% |
| Suppliers | 440/4 | €246 | €718 | +€472 | +192% |
| Taxes, remuneration and social security | 45 | - | €5,574 | +€5,574 | |
| Taxes | 450/3 | - | €5,574 | +€5,574 | |
| Other amounts payable | 47/48 | €4,851 | €2,851 | -€2,000 | -41.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €1,249 | +€1,249 | |
| Other operating charges | 640/8 | €1,296 | €549 | -€747 | -57.6% |
| Gross operating margin | 9900 | €7,103 | €22,438 | +€15,335 | +216% |
| Operating profit (loss) | 9901 | €5,808 | €20,640 | +€14,833 | +255% |
| Financial charges | 65/66B | €823 | €265 | -€558 | -67.8% |
| Recurring financial charges | 65 | €823 | €265 | -€558 | -67.8% |
| Profit (loss) for the period before taxes | 9903 | €4,985 | €20,376 | +€15,391 | +309% |
| Income taxes | 67/77 | €1,010 | €5,569 | +€4,559 | +452% |
| Profit (loss) for the period | 9904 | €3,975 | €14,807 | +€10,832 | +272% |
| Profit (loss) for the period to be appropriated | 9905 | €3,975 | €14,807 | +€10,832 | +272% |
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 17 October 2026 via checked.be.