ELTA-LEX Avocats: what changed
ELTA-LEX Avocats
Largest movements
- Tangible fixed assets +€312,677
up €312,677 (+7,971%), from €3,923 to €316,600
of which Land and buildings: +€297,600
- Cash -€7,302
down €7,302 (-4.7%), from €154,771 to €147,469
mainly Investment in fixed assets (net) (-€354,034) and Contributions, distributions and other (-€200,000)
- Receivables within one year +€7,028
up €7,028 (+73.9%), from €9,513 to €16,541
of which Trade receivables: +€11,417
- Debts after one year +€300,000
new in 2025: €300,000
- Other debts +€200,000
new in 2025: €200,000
- Reserves -€158,000
down €158,000 (-92.4%), from €171,000 to €13,000
- Tax, wage and social debts -€39,593
down €39,593 (-78.8%), from €50,258 to €10,665
- Trade debts +€7,535
up €7,535 (+612%), from €1,231 to €8,766
- Depreciation +€41,382
up €41,382 (+2,075%), from €1,995 to €43,377
- Gross operating margin -€15,962
down €15,962 (-13.5%), from €118,031 to €102,069
- Taxes -€13,868
down €13,868 (-54.5%), from €25,464 to €11,596
- Other operating charges +€2,919
new in 2025: €2,919
- Financial charges +€2,349
up €2,349 (+135%), from €1,734 to €4,083
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 | €229,606 | €541,788 | +€312,182 | +136% |
| Fixed assets | 21/28 | €62,158 | €372,815 | +€310,657 | +500% |
| Tangible fixed assets | 22/27 | €3,923 | €316,600 | +€312,677 | +7,971% |
| Land and buildings | 22 | - | €297,600 | +€297,600 | |
| Furniture and vehicles | 24 | €3,923 | €2,548 | -€1,375 | -35.1% |
| Other tangible fixed assets | 26 | - | €16,452 | +€16,452 | |
| Financial fixed assets | 28 | €58,235 | €56,215 | -€2,020 | -3.5% |
| Current assets | 29/58 | €167,448 | €168,973 | +€1,525 | +0.9% |
| Amounts receivable within one year | 40/41 | €9,513 | €16,541 | +€7,028 | +73.9% |
| Trade receivables | 40 | €1,600 | €13,018 | +€11,417 | +713% |
| Other amounts receivable | 41 | €7,913 | €3,523 | -€4,389 | -55.5% |
| Cash at bank and in hand | 54/58 | €154,771 | €147,469 | -€7,302 | -4.7% |
| Deferred charges and accrued income | 490/1 | €3,164 | €4,962 | +€1,798 | +56.8% |
| Total equity and liabilities | 10/49 | €229,606 | €541,788 | +€312,182 | +136% |
| Equity | 10/15 | €174,881 | €16,945 | -€157,936 | -90.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €171,000 | €13,000 | -€158,000 | -92.4% |
| Distributable reserves | 133 | €171,000 | €13,000 | -€158,000 | -92.4% |
| Profit (loss) carried forward | 14 | €881 | €945 | +€64 | +7.3% |
| Amounts payable | 17/49 | €54,725 | €524,843 | +€470,118 | +859% |
| Amounts payable after more than one year | 17 | - | €300,000 | +€300,000 | |
| Financial debts | 170/4 | - | €300,000 | +€300,000 | |
| Amounts payable within one year | 42/48 | €54,725 | €224,843 | +€170,118 | +311% |
| Trade debts | 44 | €1,231 | €8,766 | +€7,535 | +612% |
| Suppliers | 440/4 | €1,231 | €8,766 | +€7,535 | +612% |
| Advances received on contracts in progress | 46 | €3,236 | €5,412 | +€2,176 | +67.3% |
| Taxes, remuneration and social security | 45 | €50,258 | €10,665 | -€39,593 | -78.8% |
| Taxes | 450/3 | €50,258 | €10,665 | -€39,593 | -78.8% |
| Other amounts payable | 47/48 | - | €200,000 | +€200,000 | |
| Non-recurring operating income | 76A | - | €201 | +€201 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,995 | €43,377 | +€41,382 | +2,075% |
| Other operating charges | 640/8 | - | €2,919 | +€2,919 | |
| Gross operating margin | 9900 | €118,031 | €102,069 | -€15,962 | -13.5% |
| Operating profit (loss) | 9901 | €116,037 | €55,773 | -€60,264 | -51.9% |
| Financial income | 75/76B | €2,037 | €1,971 | -€67 | -3.3% |
| Recurring financial income | 75 | €2,037 | €1,971 | -€67 | -3.3% |
| Financial charges | 65/66B | €1,734 | €4,083 | +€2,349 | +135% |
| Recurring financial charges | 65 | €1,734 | €4,083 | +€2,349 | +135% |
| Profit (loss) for the period before taxes | 9903 | €116,340 | €53,660 | -€62,680 | -53.9% |
| Income taxes | 67/77 | €25,464 | €11,596 | -€13,868 | -54.5% |
| Profit (loss) for the period | 9904 | €90,876 | €42,064 | -€48,812 | -53.7% |
| Profit (loss) for the period to be appropriated | 9905 | €90,876 | €42,064 | -€48,812 | -53.7% |
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 3 November 2026 via checked.be.