ELTIPRO: 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.
ELTIPRO
Largest movements
- Stocks and contracts -€44,602
no longer reported in 2025 (was €44,602)
- Cash -€30,478
down €30,478 (-43.4%), from €70,265 to €39,787
mainly Contributions, distributions and other (-€81,816) and Advances received (-€64,775)
- Receivables within one year -€15,827
down €15,827 (-86.3%), from €18,350 to €2,523
of which Trade receivables: -€17,327
- Tangible fixed assets -€15,300
down €15,300 (-34.1%), from €44,932 to €29,632
- Deferred charges and accrued income -€2,805
down €2,805 (-78.0%), from €3,594 to €789
- Advances received -€64,775
no longer reported in 2025 (was €64,775)
- Other debts -€19,030
down €19,030 (-70.7%), from €26,902 to €7,872
- Debts after one year -€16,158
no longer reported in 2025 (was €16,158)
- Trade debts -€11,107
down €11,107 (-90.7%), from €12,250 to €1,143
- Current portion of long-term debt +€8,937
up €8,937 (+55.8%), from €16,013 to €24,949
- Taxes +€8,113
up €8,113 (+32.5%), from €24,977 to €33,090
- Gross operating margin -€6,251
down €6,251 (-4.5%), from €137,676 to €131,425
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 | €181,743 | €72,731 | -€109,012 | -60.0% |
| Fixed assets | 21/28 | €44,932 | €29,632 | -€15,300 | -34.1% |
| Tangible fixed assets | 22/27 | €44,932 | €29,632 | -€15,300 | -34.1% |
| Furniture and vehicles | 24 | €44,932 | €29,632 | -€15,300 | -34.1% |
| Current assets | 29/58 | €136,810 | €43,098 | -€93,712 | -68.5% |
| Stocks and contracts in progress | 3 | €44,602 | - | -€44,602 | |
| Contracts in progress | 37 | €44,602 | - | -€44,602 | |
| Amounts receivable within one year | 40/41 | €18,350 | €2,523 | -€15,827 | -86.3% |
| Trade receivables | 40 | €17,327 | - | -€17,327 | |
| Other amounts receivable | 41 | €1,023 | €2,523 | +€1,500 | +146.6% |
| Cash at bank and in hand | 54/58 | €70,265 | €39,787 | -€30,478 | -43.4% |
| Deferred charges and accrued income | 490/1 | €3,594 | €789 | -€2,805 | -78.0% |
| Total equity and liabilities | 10/49 | €181,743 | €72,731 | -€109,012 | -60.0% |
| Equity | 10/15 | €20,460 | €20,460 | = | 0.0% |
| Contributions | 10/11 | €18,600 | €20,460 | +€1,860 | +10.0% |
| Reserves | 13 | €1,860 | - | -€1,860 | |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Amounts payable | 17/49 | €161,283 | €52,271 | -€109,012 | -67.6% |
| Amounts payable after more than one year | 17 | €16,158 | - | -€16,158 | |
| Financial debts | 170/4 | €16,158 | - | -€16,158 | |
| Amounts payable within one year | 42/48 | €145,125 | €52,271 | -€92,854 | -64.0% |
| Current portion of amounts payable after more than one year | 42 | €16,013 | €24,949 | +€8,937 | +55.8% |
| Trade debts | 44 | €12,250 | €1,143 | -€11,107 | -90.7% |
| Suppliers | 440/4 | €12,250 | €1,143 | -€11,107 | -90.7% |
| Advances received on contracts in progress | 46 | €64,775 | - | -€64,775 | |
| Taxes, remuneration and social security | 45 | €25,186 | €18,307 | -€6,879 | -27.3% |
| Taxes | 450/3 | €25,186 | €18,307 | -€6,879 | -27.3% |
| Other amounts payable | 47/48 | €26,902 | €7,872 | -€19,030 | -70.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,355 | €15,300 | -€56 | -0.4% |
| Other operating charges | 640/8 | €400 | €449 | +€49 | +12.3% |
| Gross operating margin | 9900 | €137,676 | €131,425 | -€6,251 | -4.5% |
| Operating profit (loss) | 9901 | €121,920 | €115,676 | -€6,244 | -5.1% |
| Financial income | 75/76B | €600 | - | -€600 | |
| Recurring financial income | 75 | €600 | - | -€600 | |
| Financial charges | 65/66B | €548 | €770 | +€221 | +40.4% |
| Recurring financial charges | 65 | €548 | €770 | +€221 | +40.4% |
| Profit (loss) for the period before taxes | 9903 | €121,972 | €114,906 | -€7,066 | -5.8% |
| Income taxes | 67/77 | €24,977 | €33,090 | +€8,113 | +32.5% |
| Profit (loss) for the period | 9904 | €96,995 | €81,816 | -€15,178 | -15.6% |
| Profit (loss) for the period to be appropriated | 9905 | €96,995 | €81,816 | -€15,178 | -15.6% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.