Elaba: 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.
Elaba
Largest movements
- Current investments +€60,893
up €60,893 (+51.3%), from €118,640 to €179,533
- Tangible fixed assets -€27,869
down €27,869 (-4.5%), from €623,110 to €595,241
of which Furniture and vehicles: -€15,438
- Debts after one year -€109,093
down €109,093 (-44.2%), from €247,048 to €137,955
- Other debts +€82,206
up €82,206 (+1103.8%), from €7,448 to €89,654
- Reserves +€46,305
up €46,305 (+10.6%), from €436,975 to €483,280
of which Distributable reserves: +€46,305
- Tax, wage and social debts +€8,984
up €8,984 (+67.4%), from €13,333 to €22,318
of which Taxes: +€8,984
- Gross operating margin -€86,040
down €86,040 (-45.2%), from €190,295 to €104,254
- Taxes -€16,924
down €16,924 (-54.7%), from €30,950 to €14,026
- Financial income -€7,473
down €7,473 (-85.4%), from €8,750 to €1,276
of which Non-recurring financial income: -€8,186
- Depreciation +€2,744
up €2,744 (+10.9%), from €25,126 to €27,869
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 | €815,233 | €841,303 | +€26,070 | +3.2% |
| Fixed assets | 21/28 | €623,110 | €595,241 | -€27,869 | -4.5% |
| Tangible fixed assets | 22/27 | €623,110 | €595,241 | -€27,869 | -4.5% |
| Land and buildings | 22 | €554,540 | €545,082 | -€9,458 | -1.7% |
| Plant, machinery and equipment | 23 | €4,189 | €1,389 | -€2,800 | -66.8% |
| Furniture and vehicles | 24 | €63,101 | €47,663 | -€15,438 | -24.5% |
| Other tangible fixed assets | 26 | €1,280 | €1,107 | -€173 | -13.5% |
| Current assets | 29/58 | €192,123 | €246,063 | +€53,940 | +28.1% |
| Amounts receivable within one year | 40/41 | €41,547 | €40,536 | -€1,011 | -2.4% |
| Trade receivables | 40 | €23,256 | €24,200 | +€944 | +4.1% |
| Other amounts receivable | 41 | €18,291 | €16,336 | -€1,955 | -10.7% |
| Current investments | 50/53 | €118,640 | €179,533 | +€60,893 | +51.3% |
| Cash at bank and in hand | 54/58 | €29,815 | €23,906 | -€5,909 | -19.8% |
| Deferred charges and accrued income | 490/1 | €2,121 | €2,088 | -€33 | -1.6% |
| Total equity and liabilities | 10/49 | €815,233 | €841,303 | +€26,070 | +3.2% |
| Equity | 10/15 | €455,575 | €501,880 | +€46,305 | +10.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €436,975 | €483,280 | +€46,305 | +10.6% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €435,115 | €481,420 | +€46,305 | +10.6% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €359,658 | €339,424 | -€20,235 | -5.6% |
| Amounts payable after more than one year | 17 | €247,048 | €137,955 | -€109,093 | -44.2% |
| Financial debts | 170/4 | €247,048 | €137,955 | -€109,093 | -44.2% |
| Amounts payable within one year | 42/48 | €111,045 | €199,836 | +€88,791 | +80.0% |
| Current portion of amounts payable after more than one year | 42 | €34,580 | €35,560 | +€980 | +2.8% |
| Trade debts | 44 | €55,684 | €52,305 | -€3,379 | -6.1% |
| Suppliers | 440/4 | €55,684 | €52,305 | -€3,379 | -6.1% |
| Taxes, remuneration and social security | 45 | €13,333 | €22,318 | +€8,984 | +67.4% |
| Taxes | 450/3 | €7,983 | €16,968 | +€8,984 | +112.5% |
| Remuneration and social security | 454/9 | €5,350 | €5,350 | = | 0.0% |
| Other amounts payable | 47/48 | €7,448 | €89,654 | +€82,206 | +1103.8% |
| Accrued charges and deferred income | 492/3 | €1,566 | €1,633 | +€67 | +4.3% |
| Non-recurring operating income | 76A | €19,910 | €0 | -€19,910 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,126 | €27,869 | +€2,744 | +10.9% |
| Other operating charges | 640/8 | €4,117 | €4,918 | +€800 | +19.4% |
| Gross operating margin | 9900 | €190,295 | €104,254 | -€86,040 | -45.2% |
| Operating profit (loss) | 9901 | €161,052 | €71,467 | -€89,585 | -55.6% |
| Financial income | 75/76B | €8,750 | €1,276 | -€7,473 | -85.4% |
| Recurring financial income | 75 | €564 | €1,276 | +€713 | +126.5% |
| Non-recurring financial income | 76B | €8,186 | €0 | -€8,186 | -100.0% |
| Financial charges | 65/66B | €13,253 | €12,413 | -€840 | -6.3% |
| Recurring financial charges | 65 | €13,253 | €12,413 | -€840 | -6.3% |
| Profit (loss) for the period before taxes | 9903 | €156,548 | €60,331 | -€96,217 | -61.5% |
| Income taxes | 67/77 | €30,950 | €14,026 | -€16,924 | -54.7% |
| Profit (loss) for the period | 9904 | €125,598 | €46,305 | -€79,293 | -63.1% |
| Profit (loss) for the period to be appropriated | 9905 | €125,598 | €46,305 | -€79,293 | -63.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.