E.L.G.A.: 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.
E.L.G.A.
Largest movements
- Tangible fixed assets -€1,669
down €1,669 (-42.9%), from €3,894 to €2,225
- Cash +€1,466
up €1,466 (+2.4%), from €61,019 to €62,485
mainly Other debts (+€8,387) and Net result for the year (+€5,409)
- Other debts +€8,387
up €8,387 (+19.6%), from €42,812 to €51,199
- Profit (loss) carried forward -€7,816
down €7,816 (-41.9%), from -€18,634 to -€26,451
- Tax, wage and social debts -€706
down €706 (-81.2%), from €869 to €163
- Gross operating margin -€14,279
down €14,279 (-62.6%), from €22,795 to €8,516
- Depreciation +€556
up €556 (+50.0%), from €1,112 to €1,669
- Write-downs +€518
new in 2025: €518
- Other operating charges +€397
up €397 (+102%), from €387 to €784
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 | €65,626 | €64,912 | -€715 | -1.1% |
| Fixed assets | 21/28 | €3,894 | €2,225 | -€1,669 | -42.9% |
| Tangible fixed assets | 22/27 | €3,894 | €2,225 | -€1,669 | -42.9% |
| Furniture and vehicles | 24 | €3,894 | €2,225 | -€1,669 | -42.9% |
| Current assets | 29/58 | €61,733 | €62,687 | +€954 | +1.5% |
| Stocks and contracts in progress | 3 | €518 | - | -€518 | |
| Stocks | 30/36 | €518 | - | -€518 | |
| Amounts receivable within one year | 40/41 | - | €202 | +€202 | |
| Trade receivables | 40 | - | €202 | +€202 | |
| Cash at bank and in hand | 54/58 | €61,019 | €62,485 | +€1,466 | +2.4% |
| Deferred charges and accrued income | 490/1 | €196 | - | -€196 | |
| Total equity and liabilities | 10/49 | €65,626 | €64,912 | -€715 | -1.1% |
| Equity | 10/15 | €21,366 | €13,549 | -€7,816 | -36.6% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€18,634 | -€26,451 | -€7,816 | -41.9% |
| Amounts payable | 17/49 | €44,261 | €51,363 | +€7,102 | +16.0% |
| Amounts payable within one year | 42/48 | €44,261 | €51,363 | +€7,102 | +16.0% |
| Trade debts | 44 | €579 | - | -€579 | |
| Suppliers | 440/4 | €579 | - | -€579 | |
| Taxes, remuneration and social security | 45 | €869 | €163 | -€706 | -81.2% |
| Taxes | 450/3 | €869 | €163 | -€706 | -81.2% |
| Other amounts payable | 47/48 | €42,812 | €51,199 | +€8,387 | +19.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,112 | €1,669 | +€556 | +50.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €518 | +€518 | |
| Other operating charges | 640/8 | €387 | €784 | +€397 | +102% |
| Gross operating margin | 9900 | €22,795 | €8,516 | -€14,279 | -62.6% |
| Operating profit (loss) | 9901 | €21,295 | €5,545 | -€15,750 | -74.0% |
| Financial income | 75/76B | €56 | - | -€56 | |
| Recurring financial income | 75 | €56 | - | -€56 | |
| Financial charges | 65/66B | €187 | €136 | -€51 | -27.2% |
| Recurring financial charges | 65 | €187 | €136 | -€51 | -27.2% |
| Profit (loss) for the period before taxes | 9903 | €21,164 | €5,409 | -€15,755 | -74.4% |
| Profit (loss) for the period | 9904 | €21,164 | €5,409 | -€15,755 | -74.4% |
| Profit (loss) for the period to be appropriated | 9905 | €21,164 | €5,409 | -€15,755 | -74.4% |
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 25 October 2026 via checked.be.