ELTRON: 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.
ELTRON
Largest movements
- Cash +€24,071
up €24,071 (+53.6%), from €44,880 to €68,952
mainly Net result for the year (+€50,827) and Depreciation (+€17,485)
- Current investments +€21,127
up €21,127 (+124%), from €17,024 to €38,151
- Tangible fixed assets -€4,941
down €4,941 (-8.8%), from €55,870 to €50,929
of which Furniture and vehicles: -€6,617
- Profit (loss) carried forward +€50,827
up €50,827 (+74.4%), from €68,327 to €119,154
- Debts after one year -€11,911
down €11,911 (-51.7%), from €23,045 to €11,134
- Tax, wage and social debts +€6,602
up €6,602 (+150%), from €4,416 to €11,018
- Other debts -€4,805
down €4,805 (-93.9%), from €5,119 to €314
- Gross operating margin +€21,728
up €21,728 (+35.9%), from €60,538 to €82,267
- Taxes +€4,251
up €4,251 (+49.4%), from €8,605 to €12,856
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.
Derived cash bridge
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 | €132,194 | €173,196 | +€41,002 | +31.0% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €55,870 | €50,929 | -€4,941 | -8.8% |
| Tangible fixed assets | 22/27 | €55,870 | €50,929 | -€4,941 | -8.8% |
| Plant, machinery and equipment | 23 | €713 | €2,389 | +€1,676 | +235% |
| Furniture and vehicles | 24 | €55,157 | €48,540 | -€6,617 | -12.0% |
| Current assets | 29/58 | €76,324 | €122,267 | +€45,943 | +60.2% |
| Amounts receivable within one year | 40/41 | €11,722 | €12,494 | +€772 | +6.6% |
| Trade receivables | 40 | €11,316 | €12,089 | +€772 | +6.8% |
| Other amounts receivable | 41 | €405 | €405 | = | 0.0% |
| Current investments | 50/53 | €17,024 | €38,151 | +€21,127 | +124% |
| Cash at bank and in hand | 54/58 | €44,880 | €68,952 | +€24,071 | +53.6% |
| Deferred charges and accrued income | 490/1 | €2,698 | €2,670 | -€28 | -1.0% |
| Total equity and liabilities | 10/49 | €132,194 | €173,196 | +€41,002 | +31.0% |
| Equity | 10/15 | €86,327 | €137,154 | +€50,827 | +58.9% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €14,000 | €14,000 | = | 0.0% |
| Distributable reserves | 133 | €14,000 | €14,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €68,327 | €119,154 | +€50,827 | +74.4% |
| Amounts payable | 17/49 | €45,867 | €36,042 | -€9,825 | -21.4% |
| Amounts payable after more than one year | 17 | €23,045 | €11,134 | -€11,911 | -51.7% |
| Financial debts | 170/4 | €23,045 | €11,134 | -€11,911 | -51.7% |
| Amounts payable within one year | 42/48 | €22,079 | €23,990 | +€1,911 | +8.7% |
| Current portion of amounts payable after more than one year | 42 | €11,671 | €11,911 | +€240 | +2.1% |
| Trade debts | 44 | €873 | €746 | -€126 | -14.5% |
| Suppliers | 440/4 | €873 | €746 | -€126 | -14.5% |
| Taxes, remuneration and social security | 45 | €4,416 | €11,018 | +€6,602 | +150% |
| Taxes | 450/3 | €4,416 | €11,018 | +€6,602 | +150% |
| Other amounts payable | 47/48 | €5,119 | €314 | -€4,805 | -93.9% |
| Accrued charges and deferred income | 492/3 | €743 | €918 | +€175 | +23.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,983 | €17,485 | +€502 | +3.0% |
| Other operating charges | 640/8 | €528 | €544 | +€16 | +3.0% |
| Gross operating margin | 9900 | €60,538 | €82,267 | +€21,728 | +35.9% |
| Operating profit (loss) | 9901 | €43,028 | €64,238 | +€21,210 | +49.3% |
| Financial income | 75/76B | €106 | €315 | +€209 | +197% |
| Recurring financial income | 75 | €106 | €315 | +€209 | +197% |
| Financial charges | 65/66B | €1,366 | €870 | -€497 | -36.3% |
| Recurring financial charges | 65 | €1,366 | €870 | -€497 | -36.3% |
| Profit (loss) for the period before taxes | 9903 | €41,767 | €63,683 | +€21,915 | +52.5% |
| Income taxes | 67/77 | €8,605 | €12,856 | +€4,251 | +49.4% |
| Profit (loss) for the period | 9904 | €33,162 | €50,827 | +€17,664 | +53.3% |
| Profit (loss) for the period to be appropriated | 9905 | €33,162 | €50,827 | +€17,664 | +53.3% |
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 14 October 2026 via checked.be.