ELTO 73: what changed
What changed
ELTO 73
NACE 43.211, General electrical installation work
filed annual accounts (NBB)
Net result for the year
-€3,977
2024 · -€22,710+€18,733
Equity
€362,224
2024 · €366,201-€3,977
Cash
€212,139
2024 · €216,215-€4,075
Balance sheet total
€575,049
2024 · €615,289-€40,241
Largest movements
Assets
- Tangible fixed assets -€21,212
down €21,212 (-8.7%), from €245,128 to €223,917
of which Land and buildings: -€13,068
- Receivables within one year -€15,158
down €15,158 (-14.3%), from €105,905 to €90,747
of which Trade receivables: -€9,305
Equity and liabilities
- Debts after one year -€43,448
down €43,448 (-22.1%), from €196,797 to €153,349
- Tax, wage and social debts +€10,285
up €10,285 (+1,140%), from €903 to €11,187
Income statement
- Gross operating margin +€18,770
up €18,770 (+158%), from €11,851 to €30,620
- Financial charges -€672
down €672 (-19.2%), from €3,491 to €2,820
- Other operating charges +€457
up €457 (+8.1%), from €5,671 to €6,128
- Staff costs +€342
up €342 (+9.2%), from €3,722 to €4,064
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€22,710
Gross operating margin
+€18,770
Staff costs
-€342
Depreciation
+€40
Other operating charges
-€457
Financial charges
+€672
Taxes
+€50
Result 2025
-€3,977
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€39,264
Investment
€0
Financing
-€43,339
Cash 2024
€216,215
From operations (derived)
+€39,264
Net result for the year
-€3,977
Depreciation
+€21,212
Receivables within one year
+€15,158
Deferred charges and accrued income
-€204
Trade debts
-€3,210
Tax, wage and social debts
+€10,285
Financing
-€43,339
Debts after one year
-€43,448
Current portion of long-term debt
+€109
Cash 2025
€212,139
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €615,289 | €575,049 | -€40,241 | -6.5% |
| Fixed assets | 21/28 | €245,128 | €223,917 | -€21,212 | -8.7% |
| Tangible fixed assets | 22/27 | €245,128 | €223,917 | -€21,212 | -8.7% |
| Land and buildings | 22 | €226,512 | €213,444 | -€13,068 | -5.8% |
| Plant, machinery and equipment | 23 | €17,354 | €9,669 | -€7,684 | -44.3% |
| Furniture and vehicles | 24 | €1,263 | €804 | -€459 | -36.4% |
| Current assets | 29/58 | €370,161 | €351,132 | -€19,029 | -5.1% |
| Amounts receivable within one year | 40/41 | €105,905 | €90,747 | -€15,158 | -14.3% |
| Trade receivables | 40 | €54,680 | €45,375 | -€9,305 | -17.0% |
| Other amounts receivable | 41 | €51,224 | €45,372 | -€5,853 | -11.4% |
| Current investments | 50/53 | €46,098 | €46,098 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €216,215 | €212,139 | -€4,075 | -1.9% |
| Deferred charges and accrued income | 490/1 | €1,943 | €2,148 | +€204 | +10.5% |
| Total equity and liabilities | 10/49 | €615,289 | €575,049 | -€40,241 | -6.5% |
| Equity | 10/15 | €366,201 | €362,224 | -€3,977 | -1.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €403,206 | €403,206 | = | 0.0% |
| Distributable reserves | 133 | €403,206 | €403,206 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€55,606 | -€59,582 | -€3,977 | -7.2% |
| Amounts payable | 17/49 | €249,089 | €212,824 | -€36,264 | -14.6% |
| Amounts payable after more than one year | 17 | €196,797 | €153,349 | -€43,448 | -22.1% |
| Financial debts | 170/4 | €196,797 | €153,349 | -€43,448 | -22.1% |
| Amounts payable within one year | 42/48 | €52,291 | €59,476 | +€7,184 | +13.7% |
| Current portion of amounts payable after more than one year | 42 | €43,339 | €43,448 | +€109 | +0.3% |
| Trade debts | 44 | €8,050 | €4,840 | -€3,210 | -39.9% |
| Suppliers | 440/4 | €8,050 | €4,840 | -€3,210 | -39.9% |
| Taxes, remuneration and social security | 45 | €903 | €11,187 | +€10,285 | +1,140% |
| Taxes | 450/3 | €903 | €11,187 | +€10,285 | +1,140% |
| Remuneration, social security and pensions | 62 | €3,722 | €4,064 | +€342 | +9.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,251 | €21,212 | -€40 | -0.2% |
| Other operating charges | 640/8 | €5,671 | €6,128 | +€457 | +8.1% |
| Gross operating margin | 9900 | €11,851 | €30,620 | +€18,770 | +158% |
| Operating profit (loss) | 9901 | -€18,794 | -€783 | +€18,011 | +95.8% |
| Financial charges | 65/66B | €3,491 | €2,820 | -€672 | -19.2% |
| Recurring financial charges | 65 | €3,491 | €2,820 | -€672 | -19.2% |
| Profit (loss) for the period before taxes | 9903 | -€22,286 | -€3,603 | +€18,683 | +83.8% |
| Income taxes | 67/77 | €424 | €374 | -€50 | -11.8% |
| Profit (loss) for the period | 9904 | -€22,710 | -€3,977 | +€18,733 | +82.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€22,710 | -€3,977 | +€18,733 | +82.5% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.