ELANKO: 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.
ELANKO
Largest movements
- Cash +€26,199
up €26,199 (+97.8%), from €26,793 to €52,992
mainly Other debts (+€28,554) and Depreciation (+€9,278)
- Tangible fixed assets -€9,278
down €9,278 (-5.2%), from €178,659 to €169,381
of which Land and buildings: -€6,600
- Other debts +€28,554
up €28,554 (+105.1%), from €27,165 to €55,719
- Current portion of long-term debt -€15,488
down €15,488 (-91.7%), from €16,895 to €1,407
- Reserves +€9,089
up €9,089 (+6.6%), from €137,789 to €146,878
- Tax, wage and social debts -€3,277
down €3,277 (-71.6%), from €4,580 to €1,303
- Gross operating margin -€561
down €561 (-1.7%), from €32,833 to €32,272
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 | €211,369 | €230,589 | +€19,219 | +9.1% |
| Fixed assets | 21/28 | €178,659 | €169,381 | -€9,278 | -5.2% |
| Tangible fixed assets | 22/27 | €178,659 | €169,381 | -€9,278 | -5.2% |
| Land and buildings | 22 | €172,501 | €165,901 | -€6,600 | -3.8% |
| Plant, machinery and equipment | 23 | €6,158 | €3,480 | -€2,678 | -43.5% |
| Current assets | 29/58 | €32,711 | €61,208 | +€28,497 | +87.1% |
| Amounts receivable within one year | 40/41 | €5,917 | €8,216 | +€2,299 | +38.8% |
| Trade receivables | 40 | €5,641 | €6,718 | +€1,077 | +19.1% |
| Other amounts receivable | 41 | €276 | €1,498 | +€1,221 | +442.3% |
| Cash at bank and in hand | 54/58 | €26,793 | €52,992 | +€26,199 | +97.8% |
| Total equity and liabilities | 10/49 | €211,369 | €230,589 | +€19,219 | +9.1% |
| Equity | 10/15 | €156,389 | €165,478 | +€9,089 | +5.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €137,789 | €146,878 | +€9,089 | +6.6% |
| Distributable reserves | 133 | €137,789 | €146,878 | +€9,089 | +6.6% |
| Amounts payable | 17/49 | €54,980 | €65,111 | +€10,131 | +18.4% |
| Amounts payable after more than one year | 17 | €1,407 | - | -€1,407 | |
| Financial debts | 170/4 | €1,407 | - | -€1,407 | |
| Amounts payable within one year | 42/48 | €53,573 | €63,061 | +€9,488 | +17.7% |
| Current portion of amounts payable after more than one year | 42 | €16,895 | €1,407 | -€15,488 | -91.7% |
| Trade debts | 44 | €4,933 | €4,632 | -€301 | -6.1% |
| Suppliers | 440/4 | €4,933 | €4,632 | -€301 | -6.1% |
| Taxes, remuneration and social security | 45 | €4,580 | €1,303 | -€3,277 | -71.6% |
| Taxes | 450/3 | €4,580 | €1,303 | -€3,277 | -71.6% |
| Other amounts payable | 47/48 | €27,165 | €55,719 | +€28,554 | +105.1% |
| Accrued charges and deferred income | 492/3 | - | €2,050 | +€2,050 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,454 | €9,278 | -€176 | -1.9% |
| Other operating charges | 640/8 | €7,988 | €8,009 | +€21 | +0.3% |
| Gross operating margin | 9900 | €32,833 | €32,272 | -€561 | -1.7% |
| Operating profit (loss) | 9901 | €15,391 | €14,985 | -€406 | -2.6% |
| Financial charges | 65/66B | €1,867 | €1,594 | -€273 | -14.6% |
| Recurring financial charges | 65 | €1,867 | €1,594 | -€273 | -14.6% |
| Profit (loss) for the period before taxes | 9903 | €13,524 | €13,391 | -€133 | -1.0% |
| Income taxes | 67/77 | €4,580 | €4,303 | -€277 | -6.1% |
| Profit (loss) for the period | 9904 | €8,945 | €9,089 | +€144 | +1.6% |
| Profit (loss) for the period to be appropriated | 9905 | €8,945 | €9,089 | +€144 | +1.6% |
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 9 October 2026 via checked.be.