Elsen Technics: what changed
Elsen Technics
Largest movements
- Cash +€70,724
up €70,724 (+92.1%), from €76,808 to €147,532
mainly Net result for the year (+€42,773) and Depreciation (+€17,029)
- Tangible fixed assets -€17,029
down €17,029 (-47.3%), from €35,971 to €18,942
of which Furniture and vehicles: -€15,800
- Receivables within one year -€13,001
down €13,001 (-49.6%), from €26,190 to €13,189
of which Trade receivables: -€9,498
- Stocks and contracts -€10,015
down €10,015 (-22.2%), from €45,070 to €35,056
- Reserves +€42,773
up €42,773 (+62.4%), from €68,583 to €111,356
- Debts after one year -€12,204
down €12,204 (-79.9%), from €15,274 to €3,070
- Tax, wage and social debts +€10,228
up €10,228 (+82.6%), from €12,384 to €22,612
of which Taxes: +€8,597
- Trade debts -€9,808
down €9,808 (-31.5%), from €31,140 to €21,332
- Gross operating margin +€46,172
up €46,172 (+49.7%), from €92,955 to €139,127
- Taxes +€12,305
up €12,305 (+280%), from €4,389 to €16,694
- Staff costs +€2,331
up €2,331 (+4.0%), from €58,889 to €61,220
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €185,662 | €216,421 | +€30,759 | +16.6% |
| Fixed assets | 21/28 | €35,971 | €18,942 | -€17,029 | -47.3% |
| Tangible fixed assets | 22/27 | €35,971 | €18,942 | -€17,029 | -47.3% |
| Plant, machinery and equipment | 23 | €1,773 | €545 | -€1,229 | -69.3% |
| Furniture and vehicles | 24 | €34,197 | €18,397 | -€15,800 | -46.2% |
| Current assets | 29/58 | €149,691 | €197,479 | +€47,788 | +31.9% |
| Stocks and contracts in progress | 3 | €45,070 | €35,056 | -€10,015 | -22.2% |
| Stocks | 30/36 | €45,070 | €35,056 | -€10,015 | -22.2% |
| Amounts receivable within one year | 40/41 | €26,190 | €13,189 | -€13,001 | -49.6% |
| Trade receivables | 40 | €22,577 | €13,079 | -€9,498 | -42.1% |
| Other amounts receivable | 41 | €3,613 | €109 | -€3,503 | -97.0% |
| Cash at bank and in hand | 54/58 | €76,808 | €147,532 | +€70,724 | +92.1% |
| Deferred charges and accrued income | 490/1 | €1,623 | €1,703 | +€80 | +4.9% |
| Total equity and liabilities | 10/49 | €185,662 | €216,421 | +€30,759 | +16.6% |
| Equity | 10/15 | €104,491 | €147,264 | +€42,773 | +40.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €68,583 | €111,356 | +€42,773 | +62.4% |
| Distributable reserves | 133 | €68,583 | €111,356 | +€42,773 | +62.4% |
| Profit (loss) carried forward | 14 | €29,708 | €29,708 | = | 0.0% |
| Amounts payable | 17/49 | €81,170 | €69,157 | -€12,013 | -14.8% |
| Amounts payable after more than one year | 17 | €15,274 | €3,070 | -€12,204 | -79.9% |
| Financial debts | 170/4 | €15,274 | €3,070 | -€12,204 | -79.9% |
| Amounts payable within one year | 42/48 | €56,896 | €57,087 | +€191 | +0.3% |
| Current portion of amounts payable after more than one year | 42 | €12,086 | €12,204 | +€118 | +1.0% |
| Trade debts | 44 | €31,140 | €21,332 | -€9,808 | -31.5% |
| Suppliers | 440/4 | €31,140 | €21,332 | -€9,808 | -31.5% |
| Advances received on contracts in progress | 46 | €959 | €0 | -€959 | -100% |
| Taxes, remuneration and social security | 45 | €12,384 | €22,612 | +€10,228 | +82.6% |
| Taxes | 450/3 | €5,310 | €13,907 | +€8,597 | +162% |
| Remuneration and social security | 454/9 | €7,074 | €8,705 | +€1,631 | +23.1% |
| Other amounts payable | 47/48 | €327 | €939 | +€612 | +187% |
| Accrued charges and deferred income | 492/3 | €9,000 | €9,000 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €58,889 | €61,220 | +€2,331 | +4.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,192 | €17,029 | -€163 | -0.9% |
| Other operating charges | 640/8 | €1,516 | €1,400 | -€116 | -7.7% |
| Gross operating margin | 9900 | €92,955 | €139,127 | +€46,172 | +49.7% |
| Operating profit (loss) | 9901 | €15,359 | €59,479 | +€44,120 | +287% |
| Financial income | 75/76B | €95 | €832 | +€737 | +777% |
| Recurring financial income | 75 | €95 | €832 | +€737 | +777% |
| Financial charges | 65/66B | €813 | €845 | +€32 | +3.9% |
| Recurring financial charges | 65 | €813 | €845 | +€32 | +3.9% |
| Profit (loss) for the period before taxes | 9903 | €14,641 | €59,466 | +€44,825 | +306% |
| Income taxes | 67/77 | €4,389 | €16,694 | +€12,305 | +280% |
| Profit (loss) for the period | 9904 | €10,252 | €42,773 | +€32,520 | +317% |
| Profit (loss) for the period to be appropriated | 9905 | €10,252 | €42,773 | +€32,520 | +317% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.