ELSOCHT & MOINIL: 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.
ELSOCHT & MOINIL
Largest movements
- Cash +€11,243
up €11,243 (+36.5%), from €30,819 to €42,062
mainly Net result for the year (+€21,152) and Depreciation (+€11,907)
- Tangible fixed assets +€6,935
up €6,935 (+33.6%), from €20,645 to €27,580
of which Furniture and vehicles: +€7,126
- Receivables within one year +€1,756
new in 2026: €1,756
- Intangible fixed assets -€1,500
down €1,500 (-13.5%), from €11,121 to €9,621
- Profit (loss) carried forward +€15,269
up €15,269 (+64.7%), from €23,618 to €38,887
- Other debts +€3,405
up €3,405 (+15.4%), from €22,148 to €25,553
- Current portion of long-term debt +€1,834
up €1,834 (+50.5%), from €3,633 to €5,467
- Tax, wage and social debts -€1,420
down €1,420 (-100.0%), from €1,420 to €0
- Gross operating margin +€5,298
up €5,298 (+14.5%), from €36,611 to €41,909
- Depreciation +€3,757
up €3,757 (+46.1%), from €8,150 to €11,907
- Other operating charges +€1,553
up €1,553 (+244.5%), from €635 to €2,189
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €67,705 | €86,077 | +€18,372 | +27.1% |
| Fixed assets | 21/28 | €34,766 | €40,201 | +€5,435 | +15.6% |
| Intangible fixed assets | 21 | €11,121 | €9,621 | -€1,500 | -13.5% |
| Tangible fixed assets | 22/27 | €20,645 | €27,580 | +€6,935 | +33.6% |
| Plant, machinery and equipment | 23 | €15,247 | €15,509 | +€261 | +1.7% |
| Furniture and vehicles | 24 | €3,121 | €10,247 | +€7,126 | +228.3% |
| Other tangible fixed assets | 26 | €2,277 | €1,825 | -€452 | -19.9% |
| Financial fixed assets | 28 | €3,000 | €3,000 | = | 0.0% |
| Current assets | 29/58 | €32,939 | €45,877 | +€12,937 | +39.3% |
| Amounts receivable within one year | 40/41 | - | €1,756 | +€1,756 | |
| Other amounts receivable | 41 | - | €1,756 | +€1,756 | |
| Cash at bank and in hand | 54/58 | €30,819 | €42,062 | +€11,243 | +36.5% |
| Deferred charges and accrued income | 490/1 | €2,120 | €2,059 | -€62 | -2.9% |
| Total equity and liabilities | 10/49 | €67,705 | €86,077 | +€18,372 | +27.1% |
| Equity | 10/15 | €28,618 | €43,887 | +€15,269 | +53.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €23,618 | €38,887 | +€15,269 | +64.7% |
| Amounts payable | 17/49 | €39,087 | €42,190 | +€3,103 | +7.9% |
| Amounts payable after more than one year | 17 | €5,925 | €5,393 | -€532 | -9.0% |
| Financial debts | 170/4 | €5,925 | €5,393 | -€532 | -9.0% |
| Amounts payable within one year | 42/48 | €28,445 | €32,176 | +€3,731 | +13.1% |
| Current portion of amounts payable after more than one year | 42 | €3,633 | €5,467 | +€1,834 | +50.5% |
| Trade debts | 44 | €1,244 | €1,156 | -€89 | -7.1% |
| Suppliers | 440/4 | €1,244 | €1,156 | -€89 | -7.1% |
| Taxes, remuneration and social security | 45 | €1,420 | €0 | -€1,420 | -100.0% |
| Taxes | 450/3 | €1,420 | €0 | -€1,420 | -100.0% |
| Other amounts payable | 47/48 | €22,148 | €25,553 | +€3,405 | +15.4% |
| Accrued charges and deferred income | 492/3 | €4,717 | €4,621 | -€95 | -2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,150 | €11,907 | +€3,757 | +46.1% |
| Other operating charges | 640/8 | €635 | €2,189 | +€1,553 | +244.5% |
| Gross operating margin | 9900 | €36,611 | €41,909 | +€5,298 | +14.5% |
| Operating profit (loss) | 9901 | €27,826 | €27,813 | -€13 | 0.0% |
| Financial income | 75/76B | €65 | €9 | -€56 | -86.1% |
| Recurring financial income | 75 | €65 | €9 | -€56 | -86.1% |
| Financial charges | 65/66B | €378 | €465 | +€86 | +22.8% |
| Recurring financial charges | 65 | €378 | €465 | +€86 | +22.8% |
| Profit (loss) for the period before taxes | 9903 | €27,513 | €27,358 | -€155 | -0.6% |
| Income taxes | 67/77 | €6,384 | €6,206 | -€178 | -2.8% |
| Profit (loss) for the period | 9904 | €21,129 | €21,152 | +€23 | +0.1% |
| Profit (loss) for the period to be appropriated | 9905 | €21,129 | €21,152 | +€23 | +0.1% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.