ELASCA: 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.
ELASCA
Largest movements
- Cash +€216,802
up €216,802 (+170.1%), from €127,420 to €344,222
mainly Other debts (+€1.1m) and Current investments (+€189,323)
- Current investments -€189,323
down €189,323 (-11.6%), from €1.6m to €1.4m
- Other debts +€1.1m
up €1.1m (+576.3%), from €191,987 to €1.3m
- Reserves -€1.1m
down €1.1m (-69.0%), from €1.5m to €479,511
- Financial income -€267,615
down €267,615 (-76.4%), from €350,471 to €82,856
of which Non-recurring financial income: -€249,225
- Taxes -€26,325
down €26,325 (-56.8%), from €46,351 to €20,026
- Gross operating margin -€4,427
down €4,427 (-19.1%), from €23,166 to €18,740
- Financial charges +€3,462
up €3,462 (+14.5%), from €23,886 to €27,348
- Other operating charges +€450
up €450 (+13.1%), from €3,442 to €3,892
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 | €1,811,918 | €1,843,165 | +€31,247 | +1.7% |
| Fixed assets | 21/28 | €12,230 | €11,209 | -€1,022 | -8.4% |
| Tangible fixed assets | 22/27 | €12,230 | €11,209 | -€1,022 | -8.4% |
| Land and buildings | 22 | €12,230 | €11,209 | -€1,022 | -8.4% |
| Current assets | 29/58 | €1,799,687 | €1,831,957 | +€32,269 | +1.8% |
| Amounts receivable after more than one year | 29 | €11,030 | - | -€11,030 | |
| Other amounts receivable | 291 | €11,030 | - | -€11,030 | |
| Amounts receivable within one year | 40/41 | €23,200 | €39,070 | +€15,870 | +68.4% |
| Trade receivables | 40 | €6,656 | €8,209 | +€1,554 | +23.3% |
| Other amounts receivable | 41 | €16,545 | €30,861 | +€14,316 | +86.5% |
| Current investments | 50/53 | €1,637,793 | €1,448,470 | -€189,323 | -11.6% |
| Cash at bank and in hand | 54/58 | €127,420 | €344,222 | +€216,802 | +170.1% |
| Deferred charges and accrued income | 490/1 | €244 | €194 | -€50 | -20.5% |
| Total equity and liabilities | 10/49 | €1,811,918 | €1,843,165 | +€31,247 | +1.7% |
| Equity | 10/15 | €1,608,198 | €541,011 | -€1.1m | -66.4% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €1,546,698 | €479,511 | -€1.1m | -69.0% |
| Distributable reserves | 133 | €1,546,698 | €479,511 | -€1.1m | -69.0% |
| Amounts payable | 17/49 | €203,719 | €1,302,154 | +€1.1m | +539.2% |
| Amounts payable within one year | 42/48 | €203,719 | €1,302,154 | +€1.1m | +539.2% |
| Trade debts | 44 | €309 | €340 | +€31 | +10.0% |
| Suppliers | 440/4 | €309 | €340 | +€31 | +10.0% |
| Taxes, remuneration and social security | 45 | €11,423 | €3,449 | -€7,974 | -69.8% |
| Taxes | 450/3 | €11,423 | €3,449 | -€7,974 | -69.8% |
| Other amounts payable | 47/48 | €191,987 | €1,298,364 | +€1.1m | +576.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,022 | €1,022 | = | 0.0% |
| Other operating charges | 640/8 | €3,442 | €3,892 | +€450 | +13.1% |
| Gross operating margin | 9900 | €23,166 | €18,740 | -€4,427 | -19.1% |
| Operating profit (loss) | 9901 | €18,702 | €13,826 | -€4,876 | -26.1% |
| Financial income | 75/76B | €350,471 | €82,856 | -€267,615 | -76.4% |
| Recurring financial income | 75 | €101,245 | €82,856 | -€18,390 | -18.2% |
| Non-recurring financial income | 76B | €249,225 | - | -€249,225 | |
| Financial charges | 65/66B | €23,886 | €27,348 | +€3,462 | +14.5% |
| Recurring financial charges | 65 | €23,886 | €27,348 | +€3,462 | +14.5% |
| Profit (loss) for the period before taxes | 9903 | €345,286 | €69,333 | -€275,953 | -79.9% |
| Income taxes | 67/77 | €46,351 | €20,026 | -€26,325 | -56.8% |
| Profit (loss) for the period | 9904 | €298,936 | €49,308 | -€249,628 | -83.5% |
| Profit (loss) for the period to be appropriated | 9905 | €298,936 | €49,308 | -€249,628 | -83.5% |
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 7 October 2026 via checked.be.