LB ELEK: 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.
LB ELEK
Largest movements
- Cash +€27,525
up €27,525 (+455.2%), from €6,047 to €33,573
mainly Net result for the year (+€41,985) and Depreciation (+€17,399)
- Receivables within one year +€26,768
up €26,768 (+19.4%), from €138,233 to €165,001
of which Trade receivables: +€16,216
- Tangible fixed assets -€17,399
down €17,399 (-32.7%), from €53,270 to €35,871
of which Furniture and vehicles: -€9,511
- Deferred charges and accrued income +€7,203
up €7,203 (+348.7%), from €2,066 to €9,269
- Stocks and contracts -€4,396
down €4,396 (-9.7%), from €45,455 to €41,059
- Reserves +€41,985
up €41,985 (+31.3%), from €134,177 to €176,162
of which Distributable reserves: +€41,985
- Debts after one year -€17,175
down €17,175 (-41.8%), from €41,050 to €23,876
- Trade debts +€11,294
up €11,294 (+32.4%), from €34,898 to €46,192
- Short-term financial debts +€4,845
new in 2025: €4,845
- Gross operating margin -€50,495
down €50,495 (-37.2%), from €135,612 to €85,117
- Staff costs -€12,500
down €12,500 (-94.9%), from €13,176 to €676
- Taxes -€10,839
down €10,839 (-39.3%), from €27,589 to €16,750
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 | €245,222 | €284,923 | +€39,701 | +16.2% |
| Fixed assets | 21/28 | €53,420 | €36,021 | -€17,399 | -32.6% |
| Tangible fixed assets | 22/27 | €53,270 | €35,871 | -€17,399 | -32.7% |
| Land and buildings | 22 | €4,337 | €357 | -€3,979 | -91.8% |
| Plant, machinery and equipment | 23 | €6,463 | €2,554 | -€3,909 | -60.5% |
| Furniture and vehicles | 24 | €42,471 | €32,960 | -€9,511 | -22.4% |
| Financial fixed assets | 28 | €150 | €150 | = | 0.0% |
| Current assets | 29/58 | €191,801 | €248,901 | +€57,100 | +29.8% |
| Stocks and contracts in progress | 3 | €45,455 | €41,059 | -€4,396 | -9.7% |
| Stocks | 30/36 | €45,455 | €41,059 | -€4,396 | -9.7% |
| Amounts receivable within one year | 40/41 | €138,233 | €165,001 | +€26,768 | +19.4% |
| Trade receivables | 40 | €133,788 | €150,004 | +€16,216 | +12.1% |
| Other amounts receivable | 41 | €4,445 | €14,997 | +€10,552 | +237.4% |
| Cash at bank and in hand | 54/58 | €6,047 | €33,573 | +€27,525 | +455.2% |
| Deferred charges and accrued income | 490/1 | €2,066 | €9,269 | +€7,203 | +348.7% |
| Total equity and liabilities | 10/49 | €245,222 | €284,923 | +€39,701 | +16.2% |
| Equity | 10/15 | €146,874 | €188,859 | +€41,985 | +28.6% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €134,177 | €176,162 | +€41,985 | +31.3% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,180 | €18,180 | = | 0.0% |
| Distributable reserves | 133 | €114,142 | €156,127 | +€41,985 | +36.8% |
| Profit (loss) carried forward | 14 | €296 | €296 | = | 0.0% |
| Amounts payable | 17/49 | €98,348 | €96,064 | -€2,284 | -2.3% |
| Amounts payable after more than one year | 17 | €41,050 | €23,876 | -€17,175 | -41.8% |
| Financial debts | 170/4 | €41,050 | €23,876 | -€17,175 | -41.8% |
| Amounts payable within one year | 42/48 | €57,297 | €72,188 | +€14,891 | +26.0% |
| Current portion of amounts payable after more than one year | 42 | €16,659 | €17,175 | +€515 | +3.1% |
| Financial debts | 43 | - | €4,845 | +€4,845 | |
| Credit institutions | 430/8 | - | €4,845 | +€4,845 | |
| Trade debts | 44 | €34,898 | €46,192 | +€11,294 | +32.4% |
| Suppliers | 440/4 | €34,898 | €46,192 | +€11,294 | +32.4% |
| Taxes, remuneration and social security | 45 | €3,389 | €3,976 | +€587 | +17.3% |
| Taxes | 450/3 | €89 | €0 | -€89 | -100.0% |
| Remuneration and social security | 454/9 | €3,300 | €3,976 | +€676 | +20.5% |
| Other amounts payable | 47/48 | €2,351 | €0 | -€2,351 | -100.0% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €2,121 | €0 | -€2,121 | -100.0% |
| Remuneration, social security and pensions | 62 | €13,176 | €676 | -€12,500 | -94.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,259 | €17,399 | +€140 | +0.8% |
| Other operating charges | 640/8 | €3,600 | €3,692 | +€93 | +2.6% |
| Gross operating margin | 9900 | €135,612 | €85,117 | -€50,495 | -37.2% |
| Operating profit (loss) | 9901 | €101,577 | €63,349 | -€38,228 | -37.6% |
| Financial income | 75/76B | €225 | €930 | +€705 | +312.8% |
| Recurring financial income | 75 | €225 | €930 | +€705 | +312.8% |
| Financial charges | 65/66B | €4,764 | €5,544 | +€780 | +16.4% |
| Recurring financial charges | 65 | €4,764 | €5,544 | +€780 | +16.4% |
| Profit (loss) for the period before taxes | 9903 | €97,038 | €58,735 | -€38,304 | -39.5% |
| Income taxes | 67/77 | €27,589 | €16,750 | -€10,839 | -39.3% |
| Profit (loss) for the period | 9904 | €69,449 | €41,985 | -€27,465 | -39.5% |
| Profit (loss) for the period to be appropriated | 9905 | €69,449 | €41,985 | -€27,465 | -39.5% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.