ELWEE TECHNICS: 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.
ELWEE TECHNICS
Largest movements
- Cash +€134,603
up €134,603 (+47.3%), from €284,491 to €419,094
mainly Net result for the year (+€148,741) and Depreciation (+€21,348)
- Current investments +€23,833
up €23,833 (+13.6%), from €175,432 to €199,265
- Tangible fixed assets -€21,348
down €21,348 (-9.2%), from €233,232 to €211,884
of which Land and buildings: -€11,736
- Receivables within one year -€12,420
down €12,420 (-38.5%), from €32,258 to €19,838
of which Trade receivables: -€12,420
- Reserves +€148,741
up €148,741 (+26.3%), from €564,971 to €713,712
- Debts after one year -€20,121
down €20,121 (-19.0%), from €106,033 to €85,912
- Gross operating margin +€8,293
up €8,293 (+3.6%), from €229,444 to €237,737
- Taxes +€6,198
up €6,198 (+9.7%), from €63,773 to €69,971
- Financial income +€3,700
up €3,700 (+61.2%), from €6,048 to €9,748
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 | €743,315 | €872,428 | +€129,113 | +17.4% |
| Fixed assets | 21/28 | €233,232 | €211,884 | -€21,348 | -9.2% |
| Tangible fixed assets | 22/27 | €233,232 | €211,884 | -€21,348 | -9.2% |
| Land and buildings | 22 | €208,733 | €196,997 | -€11,736 | -5.6% |
| Furniture and vehicles | 24 | €24,499 | €14,887 | -€9,612 | -39.2% |
| Current assets | 29/58 | €510,083 | €660,544 | +€150,461 | +29.5% |
| Stocks and contracts in progress | 3 | €17,902 | €20,009 | +€2,106 | +11.8% |
| Stocks | 30/36 | €15,922 | €20,009 | +€4,086 | +25.7% |
| Contracts in progress | 37 | €1,980 | €0 | -€1,980 | -100.0% |
| Amounts receivable within one year | 40/41 | €32,258 | €19,838 | -€12,420 | -38.5% |
| Trade receivables | 40 | €32,258 | €19,838 | -€12,420 | -38.5% |
| Other amounts receivable | 41 | €0 | - | = | |
| Current investments | 50/53 | €175,432 | €199,265 | +€23,833 | +13.6% |
| Cash at bank and in hand | 54/58 | €284,491 | €419,094 | +€134,603 | +47.3% |
| Deferred charges and accrued income | 490/1 | €0 | €2,339 | +€2,339 | |
| Total equity and liabilities | 10/49 | €743,315 | €872,428 | +€129,113 | +17.4% |
| Equity | 10/15 | €569,971 | €718,712 | +€148,741 | +26.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €564,971 | €713,712 | +€148,741 | +26.3% |
| Distributable reserves | 133 | €564,971 | €713,712 | +€148,741 | +26.3% |
| Amounts payable | 17/49 | €173,344 | €153,716 | -€19,628 | -11.3% |
| Amounts payable after more than one year | 17 | €106,033 | €85,912 | -€20,121 | -19.0% |
| Financial debts | 170/4 | €106,033 | €85,912 | -€20,121 | -19.0% |
| Amounts payable within one year | 42/48 | €67,311 | €67,804 | +€493 | +0.7% |
| Current portion of amounts payable after more than one year | 42 | €18,166 | €20,121 | +€1,955 | +10.8% |
| Trade debts | 44 | €29,927 | €22,061 | -€7,867 | -26.3% |
| Suppliers | 440/4 | €29,927 | €22,061 | -€7,867 | -26.3% |
| Taxes, remuneration and social security | 45 | €10,031 | €17,547 | +€7,516 | +74.9% |
| Taxes | 450/3 | €10,031 | €17,547 | +€7,516 | +74.9% |
| Other amounts payable | 47/48 | €9,187 | €8,076 | -€1,111 | -12.1% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,396 | €21,348 | -€1,048 | -4.7% |
| Other operating charges | 640/8 | €2,422 | €2,819 | +€396 | +16.4% |
| Gross operating margin | 9900 | €229,444 | €237,737 | +€8,293 | +3.6% |
| Operating profit (loss) | 9901 | €204,625 | €213,569 | +€8,944 | +4.4% |
| Financial income | 75/76B | €6,048 | €9,748 | +€3,700 | +61.2% |
| Recurring financial income | 75 | €6,048 | €9,748 | +€3,700 | +61.2% |
| Financial charges | 65/66B | €3,655 | €4,605 | +€950 | +26.0% |
| Recurring financial charges | 65 | €3,655 | €4,605 | +€950 | +26.0% |
| Profit (loss) for the period before taxes | 9903 | €207,019 | €218,712 | +€11,693 | +5.6% |
| Income taxes | 67/77 | €63,773 | €69,971 | +€6,198 | +9.7% |
| Profit (loss) for the period | 9904 | €143,246 | €148,741 | +€5,495 | +3.8% |
| Profit (loss) for the period to be appropriated | 9905 | €143,246 | €148,741 | +€5,495 | +3.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.