ELWO SERVICES: 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.
ELWO SERVICES
Largest movements
- Cash -€76,772
down €76,772 (-61.9%), from €124,030 to €47,258
mainly Contributions, distributions and other (-€164,500) and Tax, wage and social debts (-€11,786)
- Deferred charges and accrued income -€1,743
no longer reported in 2025 (was €1,743)
- Tangible fixed assets -€1,479
down €1,479 (-30.1%), from €4,910 to €3,431
- Profit (loss) carried forward -€114,865
down €114,865 (-99.4%), from €115,536 to €672
- Other debts +€48,080
up €48,080 (+1,178%), from €4,080 to €52,160
- Tax, wage and social debts -€11,786
down €11,786 (-63.5%), from €18,567 to €6,781
- Gross operating margin +€1,134
up €1,134 (+1.8%), from €63,772 to €64,906
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 | €143,946 | €64,017 | -€79,929 | -55.5% |
| Fixed assets | 21/28 | €4,910 | €3,431 | -€1,479 | -30.1% |
| Tangible fixed assets | 22/27 | €4,910 | €3,431 | -€1,479 | -30.1% |
| Furniture and vehicles | 24 | €4,910 | €3,431 | -€1,479 | -30.1% |
| Current assets | 29/58 | €139,037 | €60,586 | -€78,450 | -56.4% |
| Amounts receivable within one year | 40/41 | €13,264 | €13,328 | +€64 | +0.5% |
| Trade receivables | 40 | €13,264 | €12,928 | -€336 | -2.5% |
| Other amounts receivable | 41 | - | €400 | +€400 | |
| Cash at bank and in hand | 54/58 | €124,030 | €47,258 | -€76,772 | -61.9% |
| Deferred charges and accrued income | 490/1 | €1,743 | - | -€1,743 | |
| Total equity and liabilities | 10/49 | €143,946 | €64,017 | -€79,929 | -55.5% |
| Equity | 10/15 | €119,536 | €4,672 | -€114,865 | -96.1% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €115,536 | €672 | -€114,865 | -99.4% |
| Amounts payable | 17/49 | €24,410 | €59,346 | +€34,936 | +143% |
| Amounts payable within one year | 42/48 | €24,410 | €59,346 | +€34,936 | +143% |
| Trade debts | 44 | €1,763 | €405 | -€1,358 | -77.0% |
| Suppliers | 440/4 | €1,763 | €405 | -€1,358 | -77.0% |
| Taxes, remuneration and social security | 45 | €18,567 | €6,781 | -€11,786 | -63.5% |
| Taxes | 450/3 | €18,567 | €6,781 | -€11,786 | -63.5% |
| Other amounts payable | 47/48 | €4,080 | €52,160 | +€48,080 | +1,178% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,413 | €2,180 | -€233 | -9.7% |
| Other operating charges | 640/8 | €695 | €450 | -€245 | -35.3% |
| Gross operating margin | 9900 | €63,772 | €64,906 | +€1,134 | +1.8% |
| Operating profit (loss) | 9901 | €60,664 | €62,276 | +€1,612 | +2.7% |
| Financial charges | 65/66B | €116 | €40 | -€76 | -65.2% |
| Recurring financial charges | 65 | €116 | €40 | -€76 | -65.2% |
| Profit (loss) for the period before taxes | 9903 | €60,548 | €62,236 | +€1,687 | +2.8% |
| Income taxes | 67/77 | €12,278 | €12,600 | +€322 | +2.6% |
| Profit (loss) for the period | 9904 | €48,271 | €49,635 | +€1,365 | +2.8% |
| Profit (loss) for the period to be appropriated | 9905 | €48,271 | €49,635 | +€1,365 | +2.8% |
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 15 October 2026 via checked.be.