Elrofisc: 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.
Elrofisc
Largest movements
- Cash +€43,622
up €43,622 (+76.5%), from €56,987 to €100,609
mainly Other debts (+€38,604) and Net result for the year (+€33,913)
- Tangible fixed assets -€13,006
down €13,006 (-40.9%), from €31,836 to €18,830
- Receivables within one year +€3,273
up €3,273 (+18.5%), from €17,671 to €20,944
- Other debts +€38,604
up €38,604 (+304%), from €12,686 to €51,290
- Current portion of long-term debt -€7,096
down €7,096 (-57.9%), from €12,259 to €5,163
- Tax, wage and social debts +€6,985
up €6,985 (+69.8%), from €10,006 to €16,990
- Debts after one year -€5,163
down €5,163 (-100%), from €5,163 to €0
- Gross operating margin +€3,678
up €3,678 (+7.1%), from €51,650 to €55,328
- Financial income +€2,908
up €2,908 (+440,565%), from €1 to €2,908
- Taxes -€1,579
down €1,579 (-14.7%), from €10,754 to €9,176
- Financial charges +€741
up €741 (+145%), from €509 to €1,250
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 | €106,561 | €140,452 | +€33,891 | +31.8% |
| Fixed assets | 21/28 | €31,836 | €18,830 | -€13,006 | -40.9% |
| Tangible fixed assets | 22/27 | €31,836 | €18,830 | -€13,006 | -40.9% |
| Furniture and vehicles | 24 | €31,836 | €18,830 | -€13,006 | -40.9% |
| Current assets | 29/58 | €74,725 | €121,622 | +€46,897 | +62.8% |
| Amounts receivable within one year | 40/41 | €17,671 | €20,944 | +€3,273 | +18.5% |
| Trade receivables | 40 | €17,671 | €20,944 | +€3,273 | +18.5% |
| Cash at bank and in hand | 54/58 | €56,987 | €100,609 | +€43,622 | +76.5% |
| Deferred charges and accrued income | 490/1 | €68 | €69 | +€1 | +2.0% |
| Total equity and liabilities | 10/49 | €106,561 | €140,452 | +€33,891 | +31.8% |
| Equity | 10/15 | €66,388 | €66,388 | = | 0.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €61,388 | €61,388 | = | 0.0% |
| Distributable reserves | 133 | €61,388 | €61,388 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €40,173 | €74,064 | +€33,891 | +84.4% |
| Amounts payable after more than one year | 17 | €5,163 | €0 | -€5,163 | -100% |
| Financial debts | 170/4 | €5,163 | €0 | -€5,163 | -100% |
| Amounts payable within one year | 42/48 | €35,010 | €74,064 | +€39,054 | +112% |
| Current portion of amounts payable after more than one year | 42 | €12,259 | €5,163 | -€7,096 | -57.9% |
| Trade debts | 44 | €59 | €620 | +€561 | +949% |
| Suppliers | 440/4 | €59 | €620 | +€561 | +949% |
| Taxes, remuneration and social security | 45 | €10,006 | €16,990 | +€6,985 | +69.8% |
| Taxes | 450/3 | €10,006 | €16,990 | +€6,985 | +69.8% |
| Other amounts payable | 47/48 | €12,686 | €51,290 | +€38,604 | +304% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,006 | €13,006 | = | 0.0% |
| Other operating charges | 640/8 | €689 | €893 | +€203 | +29.5% |
| Gross operating margin | 9900 | €51,650 | €55,328 | +€3,678 | +7.1% |
| Operating profit (loss) | 9901 | €37,955 | €41,430 | +€3,475 | +9.2% |
| Financial income | 75/76B | €1 | €2,908 | +€2,908 | +440,565% |
| Recurring financial income | 75 | €1 | €2,908 | +€2,908 | +440,565% |
| Financial charges | 65/66B | €509 | €1,250 | +€741 | +145% |
| Recurring financial charges | 65 | €509 | €1,250 | +€741 | +145% |
| Profit (loss) for the period before taxes | 9903 | €37,447 | €43,089 | +€5,642 | +15.1% |
| Income taxes | 67/77 | €10,754 | €9,176 | -€1,579 | -14.7% |
| Profit (loss) for the period | 9904 | €26,692 | €33,913 | +€7,221 | +27.1% |
| Profit (loss) for the period to be appropriated | 9905 | €26,692 | €33,913 | +€7,221 | +27.1% |
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 27 October 2026 via checked.be.