Eluxa: 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.
Eluxa
Largest movements
- Receivables within one year +€2.9m
up €2.9m (+209%), from €1.4m to €4.2m
of which Other amounts receivable: +€1.9m
- Current investments -€649,091
down €649,091 (-84.2%), from €771,247 to €122,156
- Stocks and contracts +€125,978
up €125,978 (+456%), from €27,631 to €153,609
of which Contracts in progress: +€122,134
- Cash -€60,819
down €60,819 (-4.7%), from €1.3m to €1.2m
mainly Receivables within one year (-€2.9m) and Contributions, distributions and other (-€1.2m)
- Short-term financial debts +€1.1m
up €1.1m (+63,758%), from €1,772 to €1.1m
- Profit (loss) carried forward +€862,070
up €862,070, from €0 to €862,070
- Trade debts +€317,643
up €317,643 (+69.7%), from €455,520 to €773,163
- Advances received -€82,779
down €82,779 (-19.9%), from €415,631 to €332,852
- Tax, wage and social debts +€69,464
up €69,464 (+81.2%), from €85,588 to €155,051
of which Remuneration and social security: +€61,863
- Gross operating margin +€1.2m
up €1.2m (+48.3%), from €2.6m to €3.8m
- Staff costs +€403,844
up €403,844 (+61.9%), from €652,205 to €1.1m
- Taxes +€206,261
up €206,261 (+48.4%), from €425,976 to €632,236
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 | €3,701,652 | €5,945,710 | +€2.2m | +60.6% |
| Fixed assets | 21/28 | €224,436 | €204,389 | -€20,047 | -8.9% |
| Intangible fixed assets | 21 | €8,469 | €5,876 | -€2,593 | -30.6% |
| Tangible fixed assets | 22/27 | €215,967 | €198,513 | -€17,454 | -8.1% |
| Plant, machinery and equipment | 23 | €2,248 | €1,136 | -€1,112 | -49.5% |
| Furniture and vehicles | 24 | €178,825 | €170,103 | -€8,722 | -4.9% |
| Other tangible fixed assets | 26 | €34,894 | €27,274 | -€7,620 | -21.8% |
| Current assets | 29/58 | €3,477,215 | €5,741,321 | +€2.3m | +65.1% |
| Stocks and contracts in progress | 3 | €27,631 | €153,609 | +€125,978 | +456% |
| Stocks | 30/36 | €6,000 | €9,844 | +€3,844 | +64.1% |
| Contracts in progress | 37 | €21,631 | €143,764 | +€122,134 | +565% |
| Amounts receivable within one year | 40/41 | €1,364,572 | €4,219,767 | +€2.9m | +209% |
| Trade receivables | 40 | €1,064,975 | €2,046,028 | +€981,053 | +92.1% |
| Other amounts receivable | 41 | €299,597 | €2,173,740 | +€1.9m | +626% |
| Current investments | 50/53 | €771,247 | €122,156 | -€649,091 | -84.2% |
| Cash at bank and in hand | 54/58 | €1,297,974 | €1,237,155 | -€60,819 | -4.7% |
| Deferred charges and accrued income | 490/1 | €15,791 | €8,632 | -€7,159 | -45.3% |
| Total equity and liabilities | 10/49 | €3,701,652 | €5,945,710 | +€2.2m | +60.6% |
| Equity | 10/15 | €2,390,235 | €3,252,306 | +€862,070 | +36.1% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €2,380,235 | €2,380,235 | = | 0.0% |
| Distributable reserves | 133 | €2,380,235 | €2,380,235 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €862,070 | +€862,070 | |
| Amounts payable | 17/49 | €1,311,416 | €2,693,404 | +€1.4m | +105% |
| Amounts payable after more than one year | 17 | €85,448 | €50,546 | -€34,902 | -40.8% |
| Financial debts | 170/4 | €85,448 | €50,546 | -€34,902 | -40.8% |
| Amounts payable within one year | 42/48 | €1,225,969 | €2,640,139 | +€1.4m | +115% |
| Current portion of amounts payable after more than one year | 42 | €48,257 | €35,321 | -€12,935 | -26.8% |
| Financial debts | 43 | €1,772 | €1,131,616 | +€1.1m | +63,758% |
| Credit institutions | 430/8 | €1,772 | €1,131,616 | +€1.1m | +63,758% |
| Trade debts | 44 | €455,520 | €773,163 | +€317,643 | +69.7% |
| Suppliers | 440/4 | €455,520 | €773,163 | +€317,643 | +69.7% |
| Advances received on contracts in progress | 46 | €415,631 | €332,852 | -€82,779 | -19.9% |
| Taxes, remuneration and social security | 45 | €85,588 | €155,051 | +€69,464 | +81.2% |
| Taxes | 450/3 | €19,645 | €27,246 | +€7,601 | +38.7% |
| Remuneration and social security | 454/9 | €65,943 | €127,806 | +€61,863 | +93.8% |
| Other amounts payable | 47/48 | €219,202 | €212,136 | -€7,066 | -3.2% |
| Accrued charges and deferred income | 492/3 | €0 | €2,720 | +€2,720 | |
| Remuneration, social security and pensions | 62 | €652,205 | €1,056,050 | +€403,844 | +61.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €68,208 | €80,518 | +€12,310 | +18.0% |
| Other operating charges | 640/8 | €3,194 | €3,654 | +€460 | +14.4% |
| Gross operating margin | 9900 | €2,554,619 | €3,787,740 | +€1.2m | +48.3% |
| Operating profit (loss) | 9901 | €1,831,013 | €2,647,519 | +€816,506 | +44.6% |
| Financial income | 75/76B | €70,192 | €78,290 | +€8,098 | +11.5% |
| Recurring financial income | 75 | €70,192 | €78,290 | +€8,098 | +11.5% |
| Financial charges | 65/66B | €7,875 | €21,502 | +€13,627 | +173% |
| Recurring financial charges | 65 | €7,875 | €21,502 | +€13,627 | +173% |
| Profit (loss) for the period before taxes | 9903 | €1,893,330 | €2,704,307 | +€810,977 | +42.8% |
| Income taxes | 67/77 | €425,976 | €632,236 | +€206,261 | +48.4% |
| Profit (loss) for the period | 9904 | €1,467,354 | €2,072,070 | +€604,716 | +41.2% |
| Profit (loss) for the period to be appropriated | 9905 | €1,467,354 | €2,072,070 | +€604,716 | +41.2% |
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 16 October 2026 via checked.be.