Eltocare: 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.
Eltocare
Largest movements
- Receivables within one year +€44,219
up €44,219 (+412.7%), from €10,714 to €54,933
of which Other amounts receivable: +€26,436
- Current investments -€6,011
no longer reported in 2025 (was €6,011)
- Cash +€3,858
up €3,858, from €0 to €3,858
mainly Advances received (+€16,840) and Net result for the year (+€15,308)
- Tangible fixed assets -€1,653
down €1,653 (-46.8%), from €3,533 to €1,880
of which Plant, machinery and equipment: -€1,590
- Advances received +€16,840
new in 2025: €16,840
- Reserves +€15,308
new in 2025: €15,308
- Tax, wage and social debts +€5,352
up €5,352 (+166.6%), from €3,213 to €8,565
of which Taxes: +€5,352
- Trade debts +€4,278
up €4,278 (+123.3%), from €3,469 to €7,747
- Accrued charges and deferred income +€1,600
new in 2025: €1,600
- Gross operating margin +€19,039
up €19,039 (+324.2%), from €5,872 to €24,912
- Taxes +€3,479
up €3,479 (+193.7%), from €1,796 to €5,274
- Financial charges +€2,395
up €2,395 (+865.2%), from €277 to €2,672
- Financial income +€719
up €719 (+4751.1%), from €15 to €734
- Depreciation -€355
down €355 (-17.7%), from €2,008 to €1,653
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 | €22,338 | €63,273 | +€40,935 | +183.3% |
| Fixed assets | 21/28 | €3,533 | €1,880 | -€1,653 | -46.8% |
| Tangible fixed assets | 22/27 | €3,533 | €1,880 | -€1,653 | -46.8% |
| Plant, machinery and equipment | 23 | €3,465 | €1,874 | -€1,590 | -45.9% |
| Furniture and vehicles | 24 | €68 | €5 | -€63 | -92.2% |
| Current assets | 29/58 | €18,805 | €61,393 | +€42,588 | +226.5% |
| Amounts receivable within one year | 40/41 | €10,714 | €54,933 | +€44,219 | +412.7% |
| Trade receivables | 40 | €10,394 | €28,176 | +€17,782 | +171.1% |
| Other amounts receivable | 41 | €321 | €26,757 | +€26,436 | +8246.3% |
| Current investments | 50/53 | €6,011 | - | -€6,011 | |
| Cash at bank and in hand | 54/58 | €0 | €3,858 | +€3,858 | |
| Deferred charges and accrued income | 490/1 | €2,080 | €2,602 | +€522 | +25.1% |
| Total equity and liabilities | 10/49 | €22,338 | €63,273 | +€40,935 | +183.3% |
| Equity | 10/15 | €13,213 | €28,520 | +€15,308 | +115.9% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | - | €15,308 | +€15,308 | |
| Distributable reserves | 133 | - | €15,308 | +€15,308 | |
| Profit (loss) carried forward | 14 | €9,213 | €9,213 | = | 0.0% |
| Amounts payable | 17/49 | €9,125 | €34,752 | +€25,627 | +280.8% |
| Amounts payable within one year | 42/48 | €9,125 | €33,152 | +€24,027 | +263.3% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | €1,451 | - | -€1,451 | |
| Credit institutions | 430/8 | €1,451 | - | -€1,451 | |
| Trade debts | 44 | €3,469 | €7,747 | +€4,278 | +123.3% |
| Suppliers | 440/4 | €3,469 | €7,747 | +€4,278 | +123.3% |
| Advances received on contracts in progress | 46 | - | €16,840 | +€16,840 | |
| Taxes, remuneration and social security | 45 | €3,213 | €8,565 | +€5,352 | +166.6% |
| Taxes | 450/3 | €3,213 | €8,565 | +€5,352 | +166.6% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €991 | - | -€991 | |
| Accrued charges and deferred income | 492/3 | - | €1,600 | +€1,600 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,008 | €1,653 | -€355 | -17.7% |
| Other operating charges | 640/8 | €470 | €739 | +€269 | +57.2% |
| Gross operating margin | 9900 | €5,872 | €24,912 | +€19,039 | +324.2% |
| Operating profit (loss) | 9901 | €3,394 | €22,520 | +€19,125 | +563.5% |
| Financial income | 75/76B | €15 | €734 | +€719 | +4751.1% |
| Recurring financial income | 75 | €15 | €734 | +€719 | +4751.1% |
| Financial charges | 65/66B | €277 | €2,672 | +€2,395 | +865.2% |
| Recurring financial charges | 65 | €277 | €2,672 | +€2,395 | +865.2% |
| Profit (loss) for the period before taxes | 9903 | €3,133 | €20,582 | +€17,450 | +557.0% |
| Income taxes | 67/77 | €1,796 | €5,274 | +€3,479 | +193.7% |
| Profit (loss) for the period | 9904 | €1,337 | €15,308 | +€13,971 | +1045.2% |
| Profit (loss) for the period to be appropriated | 9905 | €1,337 | €15,308 | +€13,971 | +1045.2% |
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 9 October 2026 via checked.be.