ELTECH.: 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.
ELTECH.
Largest movements
- Tangible fixed assets -€14,091
down €14,091 (-6.4%), from €220,556 to €206,465
of which Land and buildings: -€9,461
- Receivables within one year +€8,918
up €8,918 (+22.6%), from €39,512 to €48,430
of which Trade receivables: +€14,946
- Reserves +€122,044
up €122,044 (+39.8%), from €307,002 to €429,046
of which Distributable reserves: +€122,044
- Other debts -€66,384
no longer reported in 2025 (was €66,384)
- Current portion of long-term debt -€25,824
no longer reported in 2025 (was €25,824)
- Advances received -€17,132
down €17,132 (-79.0%), from €21,698 to €4,566
- Debts after one year -€12,626
no longer reported in 2025 (was €12,626)
- Gross operating margin +€27,399
up €27,399 (+16.1%), from €170,291 to €197,690
- Taxes +€5,880
up €5,880 (+16.8%), from €35,091 to €40,971
- Financial income +€3,402
up €3,402 (+82.0%), from €4,149 to €7,552
- Depreciation -€3,068
down €3,068 (-13.1%), from €23,406 to €20,338
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 | €465,804 | €465,978 | +€174 | 0.0% |
| Fixed assets | 21/28 | €220,556 | €206,465 | -€14,091 | -6.4% |
| Tangible fixed assets | 22/27 | €220,556 | €206,465 | -€14,091 | -6.4% |
| Land and buildings | 22 | €195,089 | €185,627 | -€9,461 | -4.8% |
| Plant, machinery and equipment | 23 | €25,467 | €20,837 | -€4,630 | -18.2% |
| Current assets | 29/58 | €245,248 | €259,514 | +€14,265 | +5.8% |
| Stocks and contracts in progress | 3 | €26,795 | €30,156 | +€3,361 | +12.5% |
| Stocks | 30/36 | €26,795 | €30,156 | +€3,361 | +12.5% |
| Amounts receivable within one year | 40/41 | €39,512 | €48,430 | +€8,918 | +22.6% |
| Trade receivables | 40 | €31,165 | €46,111 | +€14,946 | +48.0% |
| Other amounts receivable | 41 | €8,346 | €2,318 | -€6,028 | -72.2% |
| Cash at bank and in hand | 54/58 | €156,530 | €156,704 | +€174 | +0.1% |
| Deferred charges and accrued income | 490/1 | €22,412 | €24,225 | +€1,812 | +8.1% |
| Total equity and liabilities | 10/49 | €465,804 | €465,978 | +€174 | 0.0% |
| Equity | 10/15 | €330,402 | €452,446 | +€122,044 | +36.9% |
| Contributions | 10/11 | €23,400 | €23,400 | = | 0.0% |
| Reserves | 13 | €307,002 | €429,046 | +€122,044 | +39.8% |
| Non-distributable reserves | 130/1 | €2,340 | €2,340 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,340 | €2,340 | = | 0.0% |
| Tax-exempt reserves | 132 | €3,000 | €3,000 | = | 0.0% |
| Distributable reserves | 133 | €301,662 | €423,706 | +€122,044 | +40.5% |
| Amounts payable | 17/49 | €135,403 | €13,532 | -€121,870 | -90.0% |
| Amounts payable after more than one year | 17 | €12,626 | - | -€12,626 | |
| Financial debts | 170/4 | €12,626 | - | -€12,626 | |
| Amounts payable within one year | 42/48 | €122,776 | €13,532 | -€109,244 | -89.0% |
| Current portion of amounts payable after more than one year | 42 | €25,824 | - | -€25,824 | |
| Trade debts | 44 | €1,503 | €2,697 | +€1,194 | +79.4% |
| Suppliers | 440/4 | €1,503 | €2,697 | +€1,194 | +79.4% |
| Advances received on contracts in progress | 46 | €21,698 | €4,566 | -€17,132 | -79.0% |
| Taxes, remuneration and social security | 45 | €7,368 | €6,270 | -€1,098 | -14.9% |
| Taxes | 450/3 | €6,960 | €5,810 | -€1,150 | -16.5% |
| Remuneration and social security | 454/9 | €408 | €460 | +€52 | +12.7% |
| Other amounts payable | 47/48 | €66,384 | - | -€66,384 | |
| Non-recurring operating income | 76A | €14,876 | - | -€14,876 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,406 | €20,338 | -€3,068 | -13.1% |
| Other operating charges | 640/8 | €2,628 | €2,711 | +€83 | +3.2% |
| Gross operating margin | 9900 | €170,291 | €197,690 | +€27,399 | +16.1% |
| Operating profit (loss) | 9901 | €144,256 | €174,640 | +€30,384 | +21.1% |
| Financial income | 75/76B | €4,149 | €7,552 | +€3,402 | +82.0% |
| Recurring financial income | 75 | €4,149 | €7,552 | +€3,402 | +82.0% |
| Financial charges | 65/66B | €2,630 | €3,140 | +€511 | +19.4% |
| Recurring financial charges | 65 | €2,630 | €3,084 | +€455 | +17.3% |
| Non-recurring financial charges | 66B | - | €56 | +€56 | |
| Profit (loss) for the period before taxes | 9903 | €145,776 | €179,051 | +€33,275 | +22.8% |
| Income taxes | 67/77 | €35,091 | €40,971 | +€5,880 | +16.8% |
| Profit (loss) for the period | 9904 | €110,685 | €138,081 | +€27,396 | +24.8% |
| Profit (loss) for the period to be appropriated | 9905 | €110,685 | €138,081 | +€27,396 | +24.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.