ELTIOR: 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.
ELTIOR
Largest movements
- Tangible fixed assets -€27,582
down €27,582 (-12.1%), from €228,247 to €200,665
of which Land and buildings: -€25,582
- Receivables within one year +€15,331
up €15,331 (+731.7%), from €2,095 to €17,426
- Cash -€7,085
down €7,085 (-20.2%), from €35,083 to €27,998
mainly Contributions, distributions and other (-€40,673) and Net result for the year (-€18,923)
- Reserves -€40,673
down €40,673 (-95.6%), from €42,533 to €1,860
of which Distributable reserves: -€40,673
- Other debts +€38,640
new in 2025: €38,640
- Profit (loss) carried forward -€18,923
down €18,923 (-8.8%), from €216,081 to €197,158
- Gross operating margin -€836
down €836 (-7.3%), from €11,383 to €10,547
- Financial income +€131
up €131 (+25.2%), from €518 to €649
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 | €265,425 | €246,089 | -€19,336 | -7.3% |
| Fixed assets | 21/28 | €228,247 | €200,665 | -€27,582 | -12.1% |
| Tangible fixed assets | 22/27 | €228,247 | €200,665 | -€27,582 | -12.1% |
| Land and buildings | 22 | €226,247 | €200,665 | -€25,582 | -11.3% |
| Other tangible fixed assets | 26 | €2,000 | - | -€2,000 | |
| Current assets | 29/58 | €37,178 | €45,425 | +€8,246 | +22.2% |
| Amounts receivable within one year | 40/41 | €2,095 | €17,426 | +€15,331 | +731.7% |
| Other amounts receivable | 41 | €2,095 | €17,426 | +€15,331 | +731.7% |
| Cash at bank and in hand | 54/58 | €35,083 | €27,998 | -€7,085 | -20.2% |
| Total equity and liabilities | 10/49 | €265,425 | €246,089 | -€19,336 | -7.3% |
| Equity | 10/15 | €264,814 | €205,218 | -€59,596 | -22.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €42,533 | €1,860 | -€40,673 | -95.6% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €40,673 | - | -€40,673 | |
| Profit (loss) carried forward | 14 | €216,081 | €197,158 | -€18,923 | -8.8% |
| Amounts payable | 17/49 | €611 | €40,872 | +€40,261 | +6587.8% |
| Amounts payable within one year | 42/48 | €611 | €40,872 | +€40,261 | +6587.8% |
| Trade debts | 44 | €611 | €198 | -€413 | -67.5% |
| Suppliers | 440/4 | €611 | €198 | -€413 | -67.5% |
| Taxes, remuneration and social security | 45 | - | €2,034 | +€2,034 | |
| Taxes | 450/3 | - | €2,034 | +€2,034 | |
| Other amounts payable | 47/48 | - | €38,640 | +€38,640 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,582 | €27,582 | = | 0.0% |
| Other operating charges | 640/8 | €2,226 | €2,296 | +€70 | +3.1% |
| Gross operating margin | 9900 | €11,383 | €10,547 | -€836 | -7.3% |
| Operating profit (loss) | 9901 | -€18,425 | -€19,331 | -€906 | -4.9% |
| Financial income | 75/76B | €518 | €649 | +€131 | +25.2% |
| Recurring financial income | 75 | €518 | €649 | +€131 | +25.2% |
| Financial charges | 65/66B | €190 | €241 | +€51 | +26.6% |
| Recurring financial charges | 65 | €190 | €241 | +€51 | +26.6% |
| Profit (loss) for the period before taxes | 9903 | -€18,097 | -€18,923 | -€826 | -4.6% |
| Profit (loss) for the period | 9904 | -€18,097 | -€18,923 | -€826 | -4.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€18,097 | -€18,923 | -€826 | -4.6% |
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 5 October 2026 via checked.be.