ELTILO: what changed
Two fiscal 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.
ELTILO
Largest movements
- Receivables after one year -€598,000
down €598,000 (-100.0%), from €598,000 to €0
- Tangible fixed assets +€388,435
up €388,435, from €0 to €388,435
of which Land and buildings: +€380,686
- Cash +€200,856
up €200,856 (+529.6%), from €37,923 to €238,780
mainly Receivables after one year (+€598,000) and Other debts (+€191)
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin -€144,709
down €144,709, from €133,181 to -€11,528
- Purchases and services -€40,131
down €40,131 (-77.7%), from €51,655 to €11,524
- Financial income -€2,027
down €2,027 (-18.7%), from €10,828 to €8,801
- Other operating charges -€1,538
down €1,538 (-91.4%), from €1,682 to €144
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.
Cash bridge derived
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 | €681,119 | €675,440 | -€5,679 | -0.8% |
| Fixed assets | 21/28 | €0 | €389,635 | +€389,635 | |
| Tangible fixed assets | 22/27 | €0 | €388,435 | +€388,435 | |
| Land and buildings | 22 | €0 | €380,686 | +€380,686 | |
| Plant, machinery and equipment | 23 | €0 | €7,749 | +€7,749 | |
| Financial fixed assets | 28 | - | €1,200 | +€1,200 | |
| Current assets | 29/58 | €681,119 | €285,805 | -€395,314 | -58.0% |
| Amounts receivable after more than one year | 29 | €598,000 | €0 | -€598,000 | -100.0% |
| Other amounts receivable | 291 | €598,000 | €0 | -€598,000 | -100.0% |
| Current investments | 50/53 | €45,196 | €47,025 | +€1,829 | +4.0% |
| Cash at bank and in hand | 54/58 | €37,923 | €238,780 | +€200,856 | +529.6% |
| Total equity and liabilities | 10/49 | €681,119 | €675,440 | -€5,679 | -0.8% |
| Equity | 10/15 | €680,848 | €674,978 | -€5,870 | -0.9% |
| Contributions | 10/11 | €1,040,000 | €1,040,000 | = | 0.0% |
| Capital | 10 | €1,040,000 | €1,040,000 | = | 0.0% |
| Issued capital | 100 | €1,040,000 | €1,040,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€359,152 | -€365,022 | -€5,870 | -1.6% |
| Amounts payable | 17/49 | €271 | €462 | +€191 | +70.6% |
| Amounts payable within one year | 42/48 | €271 | €462 | +€191 | +70.6% |
| Other amounts payable | 47/48 | €271 | €462 | +€191 | +70.6% |
| Goods, raw materials, services and sundry goods | 60/61 | €51,655 | €11,524 | -€40,131 | -77.7% |
| Other operating charges | 640/8 | €1,682 | €144 | -€1,538 | -91.4% |
| Gross operating margin | 9900 | €133,181 | -€11,528 | -€144,709 | |
| Operating profit (loss) | 9901 | €131,499 | -€11,672 | -€143,171 | |
| Financial income | 75/76B | €10,828 | €8,801 | -€2,027 | -18.7% |
| Recurring financial income | 75 | €10,828 | €8,801 | -€2,027 | -18.7% |
| Financial charges | 65/66B | €198 | €428 | +€230 | +115.7% |
| Recurring financial charges | 65 | €198 | €428 | +€230 | +115.7% |
| Profit (loss) for the period before taxes | 9903 | €142,129 | -€3,299 | -€145,428 | |
| Income taxes | 67/77 | €2,729 | €2,571 | -€157 | -5.8% |
| Profit (loss) for the period | 9904 | €139,400 | -€5,870 | -€145,271 | |
| Profit (loss) for the period to be appropriated | 9905 | €139,400 | -€5,870 | -€145,271 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.