ELUX: 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.
ELUX
Largest movements
- Cash +€295,850
up €295,850 (+2303.1%), from €12,845 to €308,695
mainly Net result for the year (+€280,525) and Investment in fixed assets (net) (+€8,741)
- Tangible fixed assets -€6,941
no longer reported in 2025 (was €6,941)
- Stocks and contracts -€6,667
down €6,667 (-39.0%), from €17,091 to €10,424
- Profit (loss) carried forward +€280,525
up €280,525 (+66.0%), from -€425,175 to -€144,650
- Gross operating margin +€292,009
up €292,009, from -€9,172 to €282,837
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 | €40,878 | €321,160 | +€280,283 | +685.7% |
| Fixed assets | 21/28 | €9,866 | €1,125 | -€8,741 | -88.6% |
| Tangible fixed assets | 22/27 | €6,941 | - | -€6,941 | |
| Land and buildings | 22 | €6,941 | - | -€6,941 | |
| Financial fixed assets | 28 | €2,925 | €1,125 | -€1,800 | -61.5% |
| Current assets | 29/58 | €31,012 | €320,035 | +€289,024 | +932.0% |
| Stocks and contracts in progress | 3 | €17,091 | €10,424 | -€6,667 | -39.0% |
| Stocks | 30/36 | €17,091 | €10,424 | -€6,667 | -39.0% |
| Amounts receivable within one year | 40/41 | €520 | €916 | +€396 | +76.2% |
| Trade receivables | 40 | €350 | €567 | +€217 | +61.9% |
| Other amounts receivable | 41 | €169 | €349 | +€179 | +105.9% |
| Cash at bank and in hand | 54/58 | €12,845 | €308,695 | +€295,850 | +2303.1% |
| Deferred charges and accrued income | 490/1 | €556 | - | -€556 | |
| Total equity and liabilities | 10/49 | €40,878 | €321,160 | +€280,283 | +685.7% |
| Equity | 10/15 | €15,703 | €296,228 | +€280,525 | +1786.5% |
| Contributions | 10/11 | €409,024 | €409,024 | = | 0.0% |
| Reserves | 13 | €31,854 | €31,854 | = | 0.0% |
| Non-distributable reserves | 130/1 | €5,473 | €5,473 | = | 0.0% |
| Reserves not available under the articles | 1311 | €5,473 | €5,473 | = | 0.0% |
| Tax-exempt reserves | 132 | €26,381 | €26,381 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€425,175 | -€144,650 | +€280,525 | +66.0% |
| Amounts payable | 17/49 | €25,175 | €24,932 | -€243 | -1.0% |
| Amounts payable within one year | 42/48 | €25,175 | €24,479 | -€696 | -2.8% |
| Trade debts | 44 | €1,403 | €708 | -€696 | -49.6% |
| Suppliers | 440/4 | €1,403 | €708 | -€696 | -49.6% |
| Other amounts payable | 47/48 | €23,771 | €23,771 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | - | €453 | +€453 | |
| Non-recurring operating income | 76A | - | €293,409 | +€293,409 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €847 | - | -€847 | |
| Other operating charges | 640/8 | €3,736 | €2,277 | -€1,460 | -39.1% |
| Gross operating margin | 9900 | -€9,172 | €282,837 | +€292,009 | |
| Operating profit (loss) | 9901 | -€13,756 | €280,560 | +€294,316 | |
| Financial income | 75/76B | €64 | €41 | -€23 | -36.4% |
| Recurring financial income | 75 | €64 | €41 | -€23 | -36.4% |
| Financial charges | 65/66B | €312 | €75 | -€237 | -75.9% |
| Recurring financial charges | 65 | €312 | €75 | -€237 | -75.9% |
| Profit (loss) for the period before taxes | 9903 | -€14,004 | €280,525 | +€294,530 | |
| Profit (loss) for the period | 9904 | -€14,004 | €280,525 | +€294,530 | |
| Profit (loss) for the period to be appropriated | 9905 | -€14,004 | €280,525 | +€294,530 |
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 10 October 2026 via checked.be.