ELTECO: 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.
ELTECO
Largest movements
- Cash +€10,657
up €10,657 (+8.0%), from €133,272 to €143,929
mainly Net result for the year (+€7,192) and Trade debts (+€2,272)
- Receivables within one year -€1,954
no longer reported in 2025 (was €1,954)
of which Trade receivables: -€1,025
- Reserves +€7,192
up €7,192 (+1.4%), from €496,044 to €503,236
of which Distributable reserves: +€7,192
- Trade debts +€2,272
up €2,272 (+1,653%), from €137 to €2,410
- Financial income -€3,227
down €3,227 (-61.9%), from €5,210 to €1,983
of which Non-recurring financial income: -€3,173
- Gross operating margin -€1,052
down €1,052 (-11.6%), from €9,068 to €8,016
- Taxes +€719
new in 2025: €719
- Other operating charges -€409
down €409 (-17.2%), from €2,376 to €1,967
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 | €137,097 | €146,413 | +€9,317 | +6.8% |
| Current assets | 29/58 | €137,097 | €146,413 | +€9,317 | +6.8% |
| Stocks and contracts in progress | 3 | €1,023 | €1,759 | +€736 | +72.0% |
| Stocks | 30/36 | €1,023 | €1,759 | +€736 | +72.0% |
| Amounts receivable within one year | 40/41 | €1,954 | - | -€1,954 | |
| Trade receivables | 40 | €1,025 | - | -€1,025 | |
| Other amounts receivable | 41 | €929 | - | -€929 | |
| Cash at bank and in hand | 54/58 | €133,272 | €143,929 | +€10,657 | +8.0% |
| Deferred charges and accrued income | 490/1 | €848 | €725 | -€122 | -14.4% |
| Total equity and liabilities | 10/49 | €137,097 | €146,413 | +€9,317 | +6.8% |
| Equity | 10/15 | €133,960 | €141,152 | +€7,192 | +5.4% |
| Contributions | 10/11 | €76,847 | €76,847 | = | 0.0% |
| Capital | 10 | €76,847 | €76,847 | = | 0.0% |
| Issued capital | 100 | €76,847 | €76,847 | = | 0.0% |
| Reserves | 13 | €496,044 | €503,236 | +€7,192 | +1.4% |
| Non-distributable reserves | 130/1 | €7,685 | €7,685 | = | 0.0% |
| Legal reserve | 130 | €7,685 | €7,685 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €469,610 | €476,801 | +€7,192 | +1.5% |
| Profit (loss) carried forward | 14 | -€438,931 | -€438,931 | = | 0.0% |
| Amounts payable | 17/49 | €3,136 | €5,262 | +€2,125 | +67.8% |
| Amounts payable within one year | 42/48 | €3,136 | €5,262 | +€2,125 | +67.8% |
| Trade debts | 44 | €137 | €2,410 | +€2,272 | +1,653% |
| Suppliers | 440/4 | €137 | €2,410 | +€2,272 | +1,653% |
| Taxes, remuneration and social security | 45 | €544 | €679 | +€136 | +25.0% |
| Taxes | 450/3 | €544 | €679 | +€136 | +25.0% |
| Other amounts payable | 47/48 | €2,455 | €2,173 | -€283 | -11.5% |
| Other operating charges | 640/8 | €2,376 | €1,967 | -€409 | -17.2% |
| Gross operating margin | 9900 | €9,068 | €8,016 | -€1,052 | -11.6% |
| Operating profit (loss) | 9901 | €6,692 | €6,049 | -€643 | -9.6% |
| Financial income | 75/76B | €5,210 | €1,983 | -€3,227 | -61.9% |
| Recurring financial income | 75 | €2,037 | €1,983 | -€54 | -2.7% |
| Non-recurring financial income | 76B | €3,173 | - | -€3,173 | |
| Financial charges | 65/66B | €117 | €120 | +€3 | +2.7% |
| Recurring financial charges | 65 | €117 | €120 | +€3 | +2.7% |
| Profit (loss) for the period before taxes | 9903 | €11,784 | €7,911 | -€3,874 | -32.9% |
| Income taxes | 67/77 | - | €719 | +€719 | |
| Profit (loss) for the period | 9904 | €11,784 | €7,192 | -€4,593 | -39.0% |
| Profit (loss) for the period to be appropriated | 9905 | €11,784 | €7,192 | -€4,593 | -39.0% |
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 28 October 2026 via checked.be.