ELA: 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.
ELA
Largest movements
- Receivables within one year -€16,590
down €16,590 (-55.3%), from €30,001 to €13,412
of which Other amounts receivable: -€18,001
- Cash +€10,790
up €10,790 (+18.8%), from €57,326 to €68,117
mainly Net result for the year (+€50,324) and Other debts (+€35,593)
- Deferred charges and accrued income +€10,728
up €10,728 (+159.1%), from €6,744 to €17,471
- Reserves -€48,676
down €48,676 (-76.0%), from €64,049 to €15,373
- Other debts +€35,593
up €35,593 (+832.6%), from €4,275 to €39,868
- Contributions +€12,350
up €12,350 (+199.2%), from €6,200 to €18,550
- Tax, wage and social debts +€6,047
up €6,047 (+33.1%), from €18,247 to €24,294
of which Taxes: +€5,783
- Current portion of long-term debt -€1,824
down €1,824 (-73.7%), from €2,474 to €650
- Staff costs +€14,685
up €14,685 (+43.1%), from €34,091 to €48,776
- Taxes -€1,574
down €1,574 (-9.3%), from €16,857 to €15,283
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 | €101,096 | €105,227 | +€4,131 | +4.1% |
| Fixed assets | 21/28 | €7,025 | €6,227 | -€798 | -11.4% |
| Tangible fixed assets | 22/27 | €7,025 | €6,227 | -€798 | -11.4% |
| Other tangible fixed assets | 26 | €7,025 | €6,227 | -€798 | -11.4% |
| Current assets | 29/58 | €94,071 | €99,000 | +€4,929 | +5.2% |
| Amounts receivable within one year | 40/41 | €30,001 | €13,412 | -€16,590 | -55.3% |
| Trade receivables | 40 | - | €1,412 | +€1,412 | |
| Other amounts receivable | 41 | €30,001 | €12,000 | -€18,001 | -60.0% |
| Cash at bank and in hand | 54/58 | €57,326 | €68,117 | +€10,790 | +18.8% |
| Deferred charges and accrued income | 490/1 | €6,744 | €17,471 | +€10,728 | +159.1% |
| Total equity and liabilities | 10/49 | €101,096 | €105,227 | +€4,131 | +4.1% |
| Equity | 10/15 | €70,249 | €33,923 | -€36,326 | -51.7% |
| Contributions | 10/11 | €6,200 | €18,550 | +€12,350 | +199.2% |
| Reserves | 13 | €64,049 | €15,373 | -€48,676 | -76.0% |
| Distributable reserves | 133 | €64,049 | €15,373 | -€48,676 | -76.0% |
| Amounts payable | 17/49 | €30,848 | €71,305 | +€40,457 | +131.2% |
| Amounts payable after more than one year | 17 | €650 | - | -€650 | |
| Financial debts | 170/4 | €650 | - | -€650 | |
| Amounts payable within one year | 42/48 | €30,198 | €71,305 | +€41,107 | +136.1% |
| Current portion of amounts payable after more than one year | 42 | €2,474 | €650 | -€1,824 | -73.7% |
| Trade debts | 44 | €5,202 | €6,492 | +€1,291 | +24.8% |
| Suppliers | 440/4 | €5,202 | €6,492 | +€1,291 | +24.8% |
| Taxes, remuneration and social security | 45 | €18,247 | €24,294 | +€6,047 | +33.1% |
| Taxes | 450/3 | €17,015 | €22,798 | +€5,783 | +34.0% |
| Remuneration and social security | 454/9 | €1,232 | €1,497 | +€264 | +21.4% |
| Other amounts payable | 47/48 | €4,275 | €39,868 | +€35,593 | +832.6% |
| Remuneration, social security and pensions | 62 | €34,091 | €48,776 | +€14,685 | +43.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €798 | €798 | = | 0.0% |
| Other operating charges | 640/8 | €896 | €120 | -€776 | -86.6% |
| Gross operating margin | 9900 | €116,210 | €115,264 | -€946 | -0.8% |
| Operating profit (loss) | 9901 | €80,426 | €65,571 | -€14,856 | -18.5% |
| Financial income | 75/76B | €478 | €286 | -€192 | -40.2% |
| Recurring financial income | 75 | €478 | €286 | -€192 | -40.2% |
| Financial charges | 65/66B | €123 | €250 | +€126 | +102.7% |
| Recurring financial charges | 65 | €123 | €250 | +€126 | +102.7% |
| Profit (loss) for the period before taxes | 9903 | €80,781 | €65,607 | -€15,174 | -18.8% |
| Income taxes | 67/77 | €16,857 | €15,283 | -€1,574 | -9.3% |
| Profit (loss) for the period | 9904 | €63,924 | €50,324 | -€13,600 | -21.3% |
| Profit (loss) for the period to be appropriated | 9905 | €63,924 | €50,324 | -€13,600 | -21.3% |
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 10 October 2026 via checked.be.