elanpa: 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.
elanpa
Largest movements
- Cash -€18,828
down €18,828 (-77.4%), from €24,325 to €5,496
mainly Tax, wage and social debts (-€14,873) and Other debts (-€13,283)
- Receivables within one year -€6,050
no longer reported in 2025 (was €6,050)
- Tax, wage and social debts -€14,873
down €14,873 (-62.0%), from €23,986 to €9,114
of which Taxes: -€14,873
- Other debts -€13,283
down €13,283 (-20.9%), from €63,554 to €50,271
- Reserves +€3,601
up €3,601 (+9.4%), from €38,242 to €41,843
- Trade debts -€476
down €476 (-93.1%), from €511 to €35
- Gross operating margin -€38,201
down €38,201 (-81.0%), from €47,142 to €8,941
- Taxes -€3,464
down €3,464 (-90.6%), from €3,824 to €360
- Financial charges -€892
down €892 (-17.8%), from €5,014 to €4,122
- Other operating charges +€796
up €796 (+1,283%), from €62 to €858
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.
Derived cash bridge
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 | €30,375 | €5,496 | -€24,878 | -81.9% |
| Current assets | 29/58 | €30,375 | €5,496 | -€24,878 | -81.9% |
| Amounts receivable within one year | 40/41 | €6,050 | - | -€6,050 | |
| Trade receivables | 40 | €6,050 | - | -€6,050 | |
| Cash at bank and in hand | 54/58 | €24,325 | €5,496 | -€18,828 | -77.4% |
| Total equity and liabilities | 10/49 | €30,375 | €5,496 | -€24,878 | -81.9% |
| Equity | 10/15 | -€57,677 | -€54,076 | +€3,601 | +6.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €38,242 | €41,843 | +€3,601 | +9.4% |
| Distributable reserves | 133 | €38,242 | €41,843 | +€3,601 | +9.4% |
| Profit (loss) carried forward | 14 | -€114,519 | -€114,519 | = | 0.0% |
| Amounts payable | 17/49 | €88,051 | €59,572 | -€28,479 | -32.3% |
| Amounts payable within one year | 42/48 | €88,051 | €59,420 | -€28,631 | -32.5% |
| Trade debts | 44 | €511 | €35 | -€476 | -93.1% |
| Suppliers | 440/4 | €511 | €35 | -€476 | -93.1% |
| Taxes, remuneration and social security | 45 | €23,986 | €9,114 | -€14,873 | -62.0% |
| Taxes | 450/3 | €22,007 | €7,135 | -€14,873 | -67.6% |
| Remuneration and social security | 454/9 | €1,979 | €1,979 | = | 0.0% |
| Other amounts payable | 47/48 | €63,554 | €50,271 | -€13,283 | -20.9% |
| Accrued charges and deferred income | 492/3 | - | €152 | +€152 | |
| Other operating charges | 640/8 | €62 | €858 | +€796 | +1,283% |
| Gross operating margin | 9900 | €47,142 | €8,941 | -€38,201 | -81.0% |
| Operating profit (loss) | 9901 | €47,080 | €8,083 | -€38,996 | -82.8% |
| Financial charges | 65/66B | €5,014 | €4,122 | -€892 | -17.8% |
| Recurring financial charges | 65 | €5,014 | €4,122 | -€892 | -17.8% |
| Profit (loss) for the period before taxes | 9903 | €42,066 | €3,961 | -€38,105 | -90.6% |
| Income taxes | 67/77 | €3,824 | €360 | -€3,464 | -90.6% |
| Profit (loss) for the period | 9904 | €38,242 | €3,601 | -€34,641 | -90.6% |
| Profit (loss) for the period to be appropriated | 9905 | €38,242 | €3,601 | -€34,641 | -90.6% |
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 23 October 2026 via checked.be.