Elrow: 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.
Elrow
Largest movements
- Cash +€20,352
up €20,352 (+29.5%), from €68,999 to €89,351
mainly Net result for the year (+€28,390) and Depreciation (+€14,109)
- Financial fixed assets +€13,300
up €13,300 (+44.3%), from €30,001 to €43,301
- Receivables within one year -€9,563
down €9,563 (-46.0%), from €20,776 to €11,213
of which Trade receivables: -€8,449
- Profit (loss) carried forward +€28,390
up €28,390 (+92.9%), from €30,555 to €58,945
- Debts after one year -€7,931
down €7,931 (-32.7%), from €24,268 to €16,337
- Other debts -€7,846
down €7,846 (-8.3%), from €94,836 to €86,990
- Tax, wage and social debts +€6,926
up €6,926 (+1479.6%), from €468 to €7,394
of which Remuneration and social security: +€5,400
- Trade debts +€3,231
up €3,231 (+95.1%), from €3,397 to €6,628
- Financial income +€36,723
up €36,723 (+183615600.0%), from €0 to €36,723
- Gross operating margin -€6,536
down €6,536 (-47.1%), from €13,887 to €7,352
- Depreciation +€3,080
up €3,080 (+27.9%), from €11,029 to €14,109
- Taxes -€637
down €637, from €460 to -€176
- Financial charges -€320
down €320 (-17.8%), from €1,801 to €1,481
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 | €170,074 | €193,226 | +€23,152 | +13.6% |
| Fixed assets | 21/28 | €78,340 | €90,564 | +€12,224 | +15.6% |
| Tangible fixed assets | 22/27 | €48,339 | €47,263 | -€1,076 | -2.2% |
| Plant, machinery and equipment | 23 | €15,739 | €23,156 | +€7,417 | +47.1% |
| Furniture and vehicles | 24 | €32,599 | €24,106 | -€8,493 | -26.1% |
| Financial fixed assets | 28 | €30,001 | €43,301 | +€13,300 | +44.3% |
| Current assets | 29/58 | €91,734 | €102,662 | +€10,928 | +11.9% |
| Amounts receivable within one year | 40/41 | €20,776 | €11,213 | -€9,563 | -46.0% |
| Trade receivables | 40 | €8,644 | €195 | -€8,449 | -97.7% |
| Other amounts receivable | 41 | €12,132 | €11,019 | -€1,113 | -9.2% |
| Cash at bank and in hand | 54/58 | €68,999 | €89,351 | +€20,352 | +29.5% |
| Deferred charges and accrued income | 490/1 | €1,960 | €2,099 | +€139 | +7.1% |
| Total equity and liabilities | 10/49 | €170,074 | €193,226 | +€23,152 | +13.6% |
| Equity | 10/15 | €39,555 | €67,945 | +€28,390 | +71.8% |
| Contributions | 10/11 | €9,000 | €9,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €30,555 | €58,945 | +€28,390 | +92.9% |
| Amounts payable | 17/49 | €130,519 | €125,281 | -€5,238 | -4.0% |
| Amounts payable after more than one year | 17 | €24,268 | €16,337 | -€7,931 | -32.7% |
| Financial debts | 170/4 | €24,268 | €16,337 | -€7,931 | -32.7% |
| Amounts payable within one year | 42/48 | €106,251 | €108,944 | +€2,693 | +2.5% |
| Current portion of amounts payable after more than one year | 42 | €7,549 | €7,931 | +€381 | +5.1% |
| Trade debts | 44 | €3,397 | €6,628 | +€3,231 | +95.1% |
| Suppliers | 440/4 | €3,397 | €6,628 | +€3,231 | +95.1% |
| Taxes, remuneration and social security | 45 | €468 | €7,394 | +€6,926 | +1479.6% |
| Taxes | 450/3 | €468 | €1,994 | +€1,526 | +326.0% |
| Remuneration and social security | 454/9 | - | €5,400 | +€5,400 | |
| Other amounts payable | 47/48 | €94,836 | €86,990 | -€7,846 | -8.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,029 | €14,109 | +€3,080 | +27.9% |
| Other operating charges | 640/8 | €496 | €271 | -€225 | -45.4% |
| Gross operating margin | 9900 | €13,887 | €7,352 | -€6,536 | -47.1% |
| Operating profit (loss) | 9901 | €2,362 | -€7,029 | -€9,390 | |
| Financial income | 75/76B | €0 | €36,723 | +€36,723 | +183615600.0% |
| Recurring financial income | 75 | €0 | €36,723 | +€36,723 | +183615600.0% |
| Financial charges | 65/66B | €1,801 | €1,481 | -€320 | -17.8% |
| Recurring financial charges | 65 | €1,801 | €1,481 | -€320 | -17.8% |
| Profit (loss) for the period before taxes | 9903 | €561 | €28,214 | +€27,653 | +4932.1% |
| Income taxes | 67/77 | €460 | -€176 | -€637 | |
| Profit (loss) for the period | 9904 | €100 | €28,390 | +€28,290 | +28191.2% |
| Profit (loss) for the period to be appropriated | 9905 | €100 | €28,390 | +€28,290 | +28191.2% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.