ELSILBO: 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.
ELSILBO
Largest movements
- Tangible fixed assets -€28,349
down €28,349 (-5.2%), from €545,454 to €517,105
of which Land and buildings: -€24,403
- Cash +€15,114
up €15,114 (+86.5%), from €17,474 to €32,588
mainly Depreciation (+€28,349) and Current portion of long-term debt (+€18,629)
- Debts after one year -€34,770
down €34,770 (-15.5%), from €224,453 to €189,683
- Current portion of long-term debt +€18,629
up €18,629 (+115%), from €16,140 to €34,770
- Profit (loss) carried forward +€17,833
up €17,833 (+35.8%), from -€49,878 to -€32,044
- Trade debts +€11,157
up €11,157 (+103%), from €10,845 to €22,003
- Tax, wage and social debts -€10,596
down €10,596 (-30.1%), from €35,209 to €24,613
of which Taxes: -€10,717
- Gross operating margin -€33,031
down €33,031 (-30.8%), from €107,314 to €74,283
- Taxes -€11,531
down €11,531 (-48.1%), from €23,976 to €12,445
- Depreciation +€1,606
up €1,606 (+6.0%), from €26,743 to €28,349
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 | €598,238 | €591,627 | -€6,611 | -1.1% |
| Fixed assets | 21/28 | €554,268 | €529,119 | -€25,149 | -4.5% |
| Tangible fixed assets | 22/27 | €545,454 | €517,105 | -€28,349 | -5.2% |
| Land and buildings | 22 | €534,283 | €509,880 | -€24,403 | -4.6% |
| Plant, machinery and equipment | 23 | €433 | €254 | -€179 | -41.4% |
| Furniture and vehicles | 24 | €10,738 | €6,971 | -€3,767 | -35.1% |
| Financial fixed assets | 28 | €8,814 | €12,014 | +€3,200 | +36.3% |
| Current assets | 29/58 | €43,970 | €62,508 | +€18,538 | +42.2% |
| Amounts receivable within one year | 40/41 | €22,941 | €24,306 | +€1,366 | +6.0% |
| Trade receivables | 40 | €22,941 | €24,215 | +€1,274 | +5.6% |
| Other amounts receivable | 41 | - | €92 | +€92 | |
| Cash at bank and in hand | 54/58 | €17,474 | €32,588 | +€15,114 | +86.5% |
| Deferred charges and accrued income | 490/1 | €3,555 | €5,614 | +€2,059 | +57.9% |
| Total equity and liabilities | 10/49 | €598,238 | €591,627 | -€6,611 | -1.1% |
| Equity | 10/15 | -€11,612 | €4,851 | +€16,462 | |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Contributions outside capital | 11 | €6,200 | €6,200 | = | 0.0% |
| Other | 1109/19 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €32,066 | €30,695 | -€1,371 | -4.3% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €30,206 | €28,835 | -€1,371 | -4.5% |
| Profit (loss) carried forward | 14 | -€49,878 | -€32,044 | +€17,833 | +35.8% |
| Provisions and deferred taxes | 16 | €15,554 | €14,848 | -€706 | -4.5% |
| Deferred taxes | 168 | €15,554 | €14,848 | -€706 | -4.5% |
| Amounts payable | 17/49 | €594,296 | €571,928 | -€22,367 | -3.8% |
| Amounts payable after more than one year | 17 | €224,453 | €189,683 | -€34,770 | -15.5% |
| Financial debts | 170/4 | €224,453 | €189,683 | -€34,770 | -15.5% |
| Amounts payable within one year | 42/48 | €369,843 | €382,245 | +€12,402 | +3.4% |
| Current portion of amounts payable after more than one year | 42 | €16,140 | €34,770 | +€18,629 | +115% |
| Trade debts | 44 | €10,845 | €22,003 | +€11,157 | +103% |
| Suppliers | 440/4 | €10,845 | €22,003 | +€11,157 | +103% |
| Taxes, remuneration and social security | 45 | €35,209 | €24,613 | -€10,596 | -30.1% |
| Taxes | 450/3 | €34,252 | €23,535 | -€10,717 | -31.3% |
| Remuneration and social security | 454/9 | €957 | €1,078 | +€121 | +12.6% |
| Other amounts payable | 47/48 | €307,648 | €300,860 | -€6,788 | -2.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,743 | €28,349 | +€1,606 | +6.0% |
| Other operating charges | 640/8 | €384 | €1,331 | +€947 | +246% |
| Non-recurring operating charges | 66A | €593 | €766 | +€172 | +29.1% |
| Gross operating margin | 9900 | €107,314 | €74,283 | -€33,031 | -30.8% |
| Operating profit (loss) | 9901 | €79,593 | €43,836 | -€35,756 | -44.9% |
| Financial income | 75/76B | €34 | €14 | -€20 | -58.4% |
| Recurring financial income | 75 | €34 | €14 | -€20 | -58.4% |
| Financial charges | 65/66B | €16,184 | €15,649 | -€534 | -3.3% |
| Recurring financial charges | 65 | €16,184 | €15,649 | -€534 | -3.3% |
| Profit (loss) for the period before taxes | 9903 | €63,443 | €28,201 | -€35,242 | -55.5% |
| Transfer from deferred taxes | 780 | €706 | €706 | = | 0.0% |
| Income taxes | 67/77 | €23,976 | €12,445 | -€11,531 | -48.1% |
| Profit (loss) for the period | 9904 | €40,173 | €16,462 | -€23,711 | -59.0% |
| Transfer from tax-exempt reserves | 789 | €1,371 | €1,371 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €41,544 | €17,833 | -€23,711 | -57.1% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.