ELANGENI: 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.
ELANGENI
Largest movements
- Financial fixed assets +€55,625
up €55,625 (+660.2%), from €8,425 to €64,050
- Tangible fixed assets -€45,845
down €45,845 (-10.4%), from €440,322 to €394,477
- Receivables within one year -€16,188
down €16,188 (-63.0%), from €25,677 to €9,489
- Cash +€7,218
up €7,218 (+47.6%), from €15,178 to €22,396
mainly Depreciation (+€45,845) and Receivables within one year (+€16,188)
- Deferred charges and accrued income -€6,500
no longer reported in 2025 (was €6,500)
No liability line moved by more than 1% of the balance sheet total.
- Depreciation +€12,715
up €12,715 (+38.4%), from €33,130 to €45,845
- Gross operating margin +€12,092
up €12,092 (+24.6%), from €49,226 to €61,318
- Financial charges -€1,538
down €1,538 (-17.2%), from €8,935 to €7,397
- Other operating charges -€679
down €679 (-10.9%), from €6,256 to €5,577
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 | €496,102 | €490,412 | -€5,690 | -1.1% |
| Fixed assets | 21/28 | €448,747 | €458,527 | +€9,780 | +2.2% |
| Tangible fixed assets | 22/27 | €440,322 | €394,477 | -€45,845 | -10.4% |
| Land and buildings | 22 | €358,886 | €340,713 | -€18,173 | -5.1% |
| Plant, machinery and equipment | 23 | €40,836 | €30,563 | -€10,273 | -25.2% |
| Furniture and vehicles | 24 | €40,600 | €23,201 | -€17,399 | -42.9% |
| Financial fixed assets | 28 | €8,425 | €64,050 | +€55,625 | +660.2% |
| Current assets | 29/58 | €47,355 | €31,885 | -€15,470 | -32.7% |
| Amounts receivable within one year | 40/41 | €25,677 | €9,489 | -€16,188 | -63.0% |
| Other amounts receivable | 41 | €25,677 | €9,489 | -€16,188 | -63.0% |
| Cash at bank and in hand | 54/58 | €15,178 | €22,396 | +€7,218 | +47.6% |
| Deferred charges and accrued income | 490/1 | €6,500 | - | -€6,500 | |
| Total equity and liabilities | 10/49 | €496,102 | €490,412 | -€5,690 | -1.1% |
| Equity | 10/15 | €65,440 | €67,750 | +€2,310 | +3.5% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €20,000 | €20,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €20,000 | €20,000 | = | 0.0% |
| Legal reserve | 130 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€16,060 | -€13,750 | +€2,310 | +14.4% |
| Amounts payable | 17/49 | €430,662 | €422,662 | -€8,000 | -1.9% |
| Amounts payable after more than one year | 17 | €294,462 | €290,308 | -€4,154 | -1.4% |
| Financial debts | 170/4 | €294,462 | €290,308 | -€4,154 | -1.4% |
| Amounts payable within one year | 42/48 | €136,200 | €132,354 | -€3,846 | -2.8% |
| Current portion of amounts payable after more than one year | 42 | €26,633 | €25,279 | -€1,354 | -5.1% |
| Trade debts | 44 | €110 | €1,720 | +€1,610 | +1463.6% |
| Suppliers | 440/4 | €110 | €1,720 | +€1,610 | +1463.6% |
| Taxes, remuneration and social security | 45 | €1,646 | €1,568 | -€78 | -4.7% |
| Taxes | 450/3 | €1,646 | €1,568 | -€78 | -4.7% |
| Other amounts payable | 47/48 | €107,811 | €103,787 | -€4,024 | -3.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,130 | €45,845 | +€12,715 | +38.4% |
| Other operating charges | 640/8 | €6,256 | €5,577 | -€679 | -10.9% |
| Gross operating margin | 9900 | €49,226 | €61,318 | +€12,092 | +24.6% |
| Operating profit (loss) | 9901 | €9,840 | €9,896 | +€56 | +0.6% |
| Financial charges | 65/66B | €8,935 | €7,397 | -€1,538 | -17.2% |
| Recurring financial charges | 65 | €8,935 | €7,397 | -€1,538 | -17.2% |
| Profit (loss) for the period before taxes | 9903 | €905 | €2,499 | +€1,594 | +176.1% |
| Income taxes | 67/77 | €202 | €189 | -€13 | -6.4% |
| Profit (loss) for the period | 9904 | €703 | €2,310 | +€1,607 | +228.6% |
| Profit (loss) for the period to be appropriated | 9905 | €703 | €2,310 | +€1,607 | +228.6% |
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 5 October 2026 via checked.be.