ELOGU: 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.
ELOGU
Largest movements
- Tangible fixed assets +€26,304
new in 2025: €26,304
- Cash +€19,509
up €19,509 (+17.3%), from €113,053 to €132,562
mainly Net result for the year (+€49,139) and Tax, wage and social debts (+€13,416)
- Receivables within one year +€8,930
up €8,930 (+95.9%), from €9,312 to €18,241
- Deferred charges and accrued income +€3,131
new in 2025: €3,131
- Reserves +€49,000
up €49,000 (+60.5%), from €81,000 to €130,000
- Tax, wage and social debts +€13,416
up €13,416 (+42.7%), from €31,421 to €44,838
of which Taxes: +€13,285
- Accrued charges and deferred income -€6,000
no longer reported in 2025 (was €6,000)
- Gross operating margin -€43,117
down €43,117 (-40.1%), from €107,483 to €64,365
- Taxes -€9,389
down €9,389 (-40.6%), from €23,140 to €13,751
- Depreciation -€1,669
down €1,669 (-78.2%), from €2,134 to €464
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 | €122,365 | €180,239 | +€57,875 | +47.3% |
| Fixed assets | 21/28 | - | €26,304 | +€26,304 | |
| Tangible fixed assets | 22/27 | - | €26,304 | +€26,304 | |
| Furniture and vehicles | 24 | - | €26,304 | +€26,304 | |
| Current assets | 29/58 | €122,365 | €153,935 | +€31,570 | +25.8% |
| Amounts receivable within one year | 40/41 | €9,312 | €18,241 | +€8,930 | +95.9% |
| Trade receivables | 40 | €9,312 | €18,241 | +€8,930 | +95.9% |
| Cash at bank and in hand | 54/58 | €113,053 | €132,562 | +€19,509 | +17.3% |
| Deferred charges and accrued income | 490/1 | - | €3,131 | +€3,131 | |
| Total equity and liabilities | 10/49 | €122,365 | €180,239 | +€57,875 | +47.3% |
| Equity | 10/15 | €82,382 | €131,521 | +€49,139 | +59.6% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €81,000 | €130,000 | +€49,000 | +60.5% |
| Distributable reserves | 133 | €81,000 | €130,000 | +€49,000 | +60.5% |
| Profit (loss) carried forward | 14 | €382 | €521 | +€139 | +36.4% |
| Amounts payable | 17/49 | €39,983 | €48,719 | +€8,736 | +21.8% |
| Amounts payable within one year | 42/48 | €33,983 | €48,719 | +€14,736 | +43.4% |
| Trade debts | 44 | €2,562 | €3,881 | +€1,319 | +51.5% |
| Suppliers | 440/4 | €2,562 | €3,881 | +€1,319 | +51.5% |
| Taxes, remuneration and social security | 45 | €31,421 | €44,838 | +€13,416 | +42.7% |
| Taxes | 450/3 | €31,421 | €44,707 | +€13,285 | +42.3% |
| Remuneration and social security | 454/9 | - | €131 | +€131 | |
| Accrued charges and deferred income | 492/3 | €6,000 | - | -€6,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,134 | €464 | -€1,669 | -78.2% |
| Other operating charges | 640/8 | €706 | €973 | +€267 | +37.8% |
| Gross operating margin | 9900 | €107,483 | €64,365 | -€43,117 | -40.1% |
| Operating profit (loss) | 9901 | €104,643 | €62,928 | -€41,714 | -39.9% |
| Financial income | 75/76B | €29 | €21 | -€9 | -29.5% |
| Recurring financial income | 75 | €29 | €21 | -€9 | -29.5% |
| Financial charges | 65/66B | €150 | €58 | -€92 | -61.0% |
| Recurring financial charges | 65 | €150 | €58 | -€92 | -61.0% |
| Profit (loss) for the period before taxes | 9903 | €104,522 | €62,890 | -€41,632 | -39.8% |
| Income taxes | 67/77 | €23,140 | €13,751 | -€9,389 | -40.6% |
| Profit (loss) for the period | 9904 | €81,382 | €49,139 | -€32,243 | -39.6% |
| Profit (loss) for the period to be appropriated | 9905 | €81,382 | €49,139 | -€32,243 | -39.6% |
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 9 October 2026 via checked.be.