ELUTEC: 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.
ELUTEC
Largest movements
- Tangible fixed assets -€21,975
down €21,975 (-26.8%), from €82,148 to €60,173
- Receivables within one year +€21,524
up €21,524 (+329.3%), from €6,536 to €28,059
of which Trade receivables: +€22,200
- Cash -€18,199
down €18,199 (-68.2%), from €26,696 to €8,497
mainly Current portion of long-term debt (-€31,198) and Receivables within one year (-€21,524)
- Deferred charges and accrued income -€1,284
down €1,284 (-100.0%), from €1,284 to €0
- Current portion of long-term debt -€31,198
down €31,198 (-100.0%), from €31,198 to €0
- Reserves +€9,965
up €9,965 (+21.9%), from €45,406 to €55,371
- Depreciation -€4,016
down €4,016 (-15.5%), from €25,991 to €21,975
- Financial charges -€1,980
down €1,980 (-70.0%), from €2,828 to €848
- Taxes +€996
new in 2025: €996
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 | €116,825 | €96,729 | -€20,096 | -17.2% |
| Fixed assets | 21/28 | €82,148 | €60,173 | -€21,975 | -26.8% |
| Tangible fixed assets | 22/27 | €82,148 | €60,173 | -€21,975 | -26.8% |
| Land and buildings | 22 | €82,148 | €60,173 | -€21,975 | -26.8% |
| Current assets | 29/58 | €34,677 | €36,556 | +€1,879 | +5.4% |
| Amounts receivable within one year | 40/41 | €6,536 | €28,059 | +€21,524 | +329.3% |
| Trade receivables | 40 | €2,154 | €24,354 | +€22,200 | +1030.8% |
| Other amounts receivable | 41 | €4,382 | €3,706 | -€676 | -15.4% |
| Current investments | 50/53 | €161 | - | -€161 | |
| Cash at bank and in hand | 54/58 | €26,696 | €8,497 | -€18,199 | -68.2% |
| Deferred charges and accrued income | 490/1 | €1,284 | €0 | -€1,284 | -100.0% |
| Total equity and liabilities | 10/49 | €116,825 | €96,729 | -€20,096 | -17.2% |
| Equity | 10/15 | €64,578 | €74,542 | +€9,965 | +15.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €45,406 | €55,371 | +€9,965 | +21.9% |
| Distributable reserves | 133 | €45,406 | €55,371 | +€9,965 | +21.9% |
| Profit (loss) carried forward | 14 | €571 | €571 | = | 0.0% |
| Amounts payable | 17/49 | €52,248 | €22,187 | -€30,060 | -57.5% |
| Amounts payable within one year | 42/48 | €37,528 | €7,468 | -€30,060 | -80.1% |
| Current portion of amounts payable after more than one year | 42 | €31,198 | €0 | -€31,198 | -100.0% |
| Trade debts | 44 | €6,330 | €6,471 | +€141 | +2.2% |
| Suppliers | 440/4 | €6,330 | €6,471 | +€141 | +2.2% |
| Taxes, remuneration and social security | 45 | - | €996 | +€996 | |
| Taxes | 450/3 | - | €996 | +€996 | |
| Accrued charges and deferred income | 492/3 | €14,720 | €14,720 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,991 | €21,975 | -€4,016 | -15.5% |
| Other operating charges | 640/8 | €5,109 | €5,189 | +€80 | +1.6% |
| Gross operating margin | 9900 | €38,692 | €38,966 | +€274 | +0.7% |
| Operating profit (loss) | 9901 | €7,592 | €11,802 | +€4,210 | +55.5% |
| Financial income | 75/76B | - | €7 | +€7 | |
| Recurring financial income | 75 | - | €7 | +€7 | |
| Financial charges | 65/66B | €2,828 | €848 | -€1,980 | -70.0% |
| Recurring financial charges | 65 | €2,828 | €848 | -€1,980 | -70.0% |
| Profit (loss) for the period before taxes | 9903 | €4,764 | €10,961 | +€6,197 | +130.1% |
| Income taxes | 67/77 | - | €996 | +€996 | |
| Profit (loss) for the period | 9904 | €4,764 | €9,965 | +€5,201 | +109.2% |
| Profit (loss) for the period to be appropriated | 9905 | €4,764 | €9,965 | +€5,201 | +109.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 August 2024 and 31 August 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.