ELANDD: 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.
ELANDD
Largest movements
- Cash -€4,910
down €4,910 (-9.3%), from €52,839 to €47,929
mainly Contributions, distributions and other (-€57,993) and Investment in fixed assets (net) (-€6,877)
- Tangible fixed assets -€1,556
down €1,556 (-4.7%), from €33,076 to €31,520
of which Plant, machinery and equipment: -€1,021
- Other debts -€5,288
down €5,288 (-7.5%), from €70,863 to €65,575
- Current portion of long-term debt +€1,998
up €1,998 (+58.6%), from €3,409 to €5,407
- Trade debts -€1,795
down €1,795 (-31.3%), from €5,732 to €3,937
- Financial income -€4,775
down €4,775 (-94.6%), from €5,049 to €274
- Financial charges -€1,920
down €1,920 (-40.9%), from €4,694 to €2,774
- Taxes -€1,303
down €1,303 (-8.0%), from €16,218 to €14,915
- Other operating charges +€1,197
up €1,197 (+520.3%), from €230 to €1,427
- Depreciation +€917
up €917 (+12.2%), from €7,516 to €8,433
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €133,792 | €129,408 | -€4,384 | -3.3% |
| Fixed assets | 21/28 | €33,096 | €31,540 | -€1,556 | -4.7% |
| Tangible fixed assets | 22/27 | €33,076 | €31,520 | -€1,556 | -4.7% |
| Plant, machinery and equipment | 23 | €2,696 | €1,676 | -€1,021 | -37.9% |
| Furniture and vehicles | 24 | €4,191 | €4,487 | +€296 | +7.1% |
| Other tangible fixed assets | 26 | €26,188 | €25,357 | -€831 | -3.2% |
| Financial fixed assets | 28 | €20 | €20 | = | 0.0% |
| Current assets | 29/58 | €100,696 | €97,868 | -€2,828 | -2.8% |
| Amounts receivable within one year | 40/41 | €21,470 | €22,696 | +€1,226 | +5.7% |
| Trade receivables | 40 | €21,296 | €21,538 | +€242 | +1.1% |
| Other amounts receivable | 41 | €174 | €1,158 | +€984 | +565.2% |
| Current investments | 50/53 | €22,821 | €23,564 | +€743 | +3.3% |
| Cash at bank and in hand | 54/58 | €52,839 | €47,929 | -€4,910 | -9.3% |
| Deferred charges and accrued income | 490/1 | €3,566 | €3,679 | +€113 | +3.2% |
| Total equity and liabilities | 10/49 | €133,792 | €129,408 | -€4,384 | -3.3% |
| Equity | 10/15 | €49,201 | €49,201 | = | 0.0% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €30,651 | €30,651 | = | 0.0% |
| Tax-exempt reserves | 132 | €68 | €68 | = | 0.0% |
| Distributable reserves | 133 | €30,584 | €30,584 | = | 0.0% |
| Amounts payable | 17/49 | €84,590 | €80,207 | -€4,384 | -5.2% |
| Amounts payable within one year | 42/48 | €83,100 | €78,869 | -€4,231 | -5.1% |
| Current portion of amounts payable after more than one year | 42 | €3,409 | €5,407 | +€1,998 | +58.6% |
| Trade debts | 44 | €5,732 | €3,937 | -€1,795 | -31.3% |
| Suppliers | 440/4 | €5,732 | €3,937 | -€1,795 | -31.3% |
| Taxes, remuneration and social security | 45 | €3,096 | €3,950 | +€854 | +27.6% |
| Taxes | 450/3 | €3,096 | €3,950 | +€854 | +27.6% |
| Other amounts payable | 47/48 | €70,863 | €65,575 | -€5,288 | -7.5% |
| Accrued charges and deferred income | 492/3 | €1,490 | €1,338 | -€152 | -10.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,516 | €8,433 | +€917 | +12.2% |
| Other operating charges | 640/8 | €230 | €1,427 | +€1,197 | +520.3% |
| Gross operating margin | 9900 | €85,036 | €85,268 | +€232 | +0.3% |
| Operating profit (loss) | 9901 | €77,290 | €75,408 | -€1,882 | -2.4% |
| Financial income | 75/76B | €5,049 | €274 | -€4,775 | -94.6% |
| Recurring financial income | 75 | €5,049 | €274 | -€4,775 | -94.6% |
| Financial charges | 65/66B | €4,694 | €2,774 | -€1,920 | -40.9% |
| Recurring financial charges | 65 | €4,694 | €2,774 | -€1,920 | -40.9% |
| Profit (loss) for the period before taxes | 9903 | €77,646 | €72,908 | -€4,738 | -6.1% |
| Income taxes | 67/77 | €16,218 | €14,915 | -€1,303 | -8.0% |
| Profit (loss) for the period | 9904 | €61,428 | €57,993 | -€3,435 | -5.6% |
| Profit (loss) for the period to be appropriated | 9905 | €61,428 | €57,993 | -€3,435 | -5.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.