ELAS: 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.
ELAS
Largest movements
- Cash +€18,616
up €18,616 (+90.0%), from €20,688 to €39,304
mainly Depreciation (+€17,202) and Net result for the year (+€11,078)
- Tangible fixed assets -€13,889
down €13,889 (-2.8%), from €491,092 to €477,203
- Debts after one year -€12,000
down €12,000 (-30.0%), from €40,000 to €28,000
- Reserves +€11,078
up €11,078 (+37.6%), from €29,466 to €40,544
- Gross operating margin +€3,976
up €3,976 (+9.7%), from €40,891 to €44,866
- Financial charges -€2,999
down €2,999 (-27.2%), from €11,019 to €8,020
- Taxes +€2,141
up €2,141 (+70.7%), from €3,029 to €5,170
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 | €515,253 | €517,478 | +€2,224 | +0.4% |
| Fixed assets | 21/28 | €491,092 | €477,203 | -€13,889 | -2.8% |
| Tangible fixed assets | 22/27 | €491,092 | €477,203 | -€13,889 | -2.8% |
| Land and buildings | 22 | €491,092 | €477,203 | -€13,889 | -2.8% |
| Current assets | 29/58 | €24,161 | €40,275 | +€16,114 | +66.7% |
| Amounts receivable within one year | 40/41 | €2,673 | €971 | -€1,702 | -63.7% |
| Other amounts receivable | 41 | €2,673 | €971 | -€1,702 | -63.7% |
| Cash at bank and in hand | 54/58 | €20,688 | €39,304 | +€18,616 | +90.0% |
| Deferred charges and accrued income | 490/1 | €800 | - | -€800 | |
| Total equity and liabilities | 10/49 | €515,253 | €517,478 | +€2,224 | +0.4% |
| Equity | 10/15 | €89,466 | €100,544 | +€11,078 | +12.4% |
| Contributions | 10/11 | €60,000 | €60,000 | = | 0.0% |
| Reserves | 13 | €29,466 | €40,544 | +€11,078 | +37.6% |
| Distributable reserves | 133 | €29,466 | €40,544 | +€11,078 | +37.6% |
| Amounts payable | 17/49 | €425,787 | €416,934 | -€8,854 | -2.1% |
| Amounts payable after more than one year | 17 | €40,000 | €28,000 | -€12,000 | -30.0% |
| Financial debts | 170/4 | €40,000 | €28,000 | -€12,000 | -30.0% |
| Amounts payable within one year | 42/48 | €383,845 | €388,934 | +€5,089 | +1.3% |
| Current portion of amounts payable after more than one year | 42 | €12,000 | €12,000 | = | 0.0% |
| Trade debts | 44 | €150 | €150 | = | 0.0% |
| Suppliers | 440/4 | €150 | €150 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €2,415 | €3,070 | +€655 | +27.1% |
| Taxes | 450/3 | €2,415 | €3,070 | +€655 | +27.1% |
| Other amounts payable | 47/48 | €369,280 | €373,714 | +€4,434 | +1.2% |
| Accrued charges and deferred income | 492/3 | €1,943 | - | -€1,943 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,123 | €17,202 | +€79 | +0.5% |
| Other operating charges | 640/8 | €3,230 | €3,396 | +€167 | +5.2% |
| Gross operating margin | 9900 | €40,891 | €44,866 | +€3,976 | +9.7% |
| Operating profit (loss) | 9901 | €20,538 | €24,268 | +€3,730 | +18.2% |
| Financial charges | 65/66B | €11,019 | €8,020 | -€2,999 | -27.2% |
| Recurring financial charges | 65 | €11,019 | €8,020 | -€2,999 | -27.2% |
| Profit (loss) for the period before taxes | 9903 | €9,519 | €16,248 | +€6,729 | +70.7% |
| Income taxes | 67/77 | €3,029 | €5,170 | +€2,141 | +70.7% |
| Profit (loss) for the period | 9904 | €6,490 | €11,078 | +€4,588 | +70.7% |
| Profit (loss) for the period to be appropriated | 9905 | €6,490 | €11,078 | +€4,588 | +70.7% |
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.