ELBA: 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.
ELBA
Largest movements
- Receivables within one year +€2,860
up €2,860 (+19.1%), from €14,968 to €17,828
of which Trade receivables: +€2,792
- Reserves -€9,841
down €9,841 (-16.5%), from €59,495 to €49,653
- Other debts +€8,151
up €8,151 (+17.5%), from €46,621 to €54,772
- Tax, wage and social debts +€4,487
up €4,487 (+26.4%), from €16,975 to €21,463
- Gross operating margin +€6,301
up €6,301 (+8.7%), from €72,607 to €78,908
- Taxes +€1,365
up €1,365 (+7.6%), from €17,918 to €19,284
- Depreciation +€1,013
up €1,013 (+38.6%), from €2,623 to €3,636
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.
Derived cash bridge
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 | €126,375 | €129,034 | +€2,659 | +2.1% |
| Fixed assets | 21/28 | €8,574 | €9,426 | +€852 | +9.9% |
| Tangible fixed assets | 22/27 | €8,574 | €9,211 | +€637 | +7.4% |
| Plant, machinery and equipment | 23 | €1,995 | €1,649 | -€346 | -17.3% |
| Furniture and vehicles | 24 | €6,579 | €7,562 | +€983 | +14.9% |
| Financial fixed assets | 28 | - | €215 | +€215 | |
| Current assets | 29/58 | €117,801 | €119,607 | +€1,807 | +1.5% |
| Amounts receivable within one year | 40/41 | €14,968 | €17,828 | +€2,860 | +19.1% |
| Trade receivables | 40 | €14,191 | €16,983 | +€2,792 | +19.7% |
| Other amounts receivable | 41 | €777 | €845 | +€68 | +8.8% |
| Cash at bank and in hand | 54/58 | €101,172 | €100,041 | -€1,131 | -1.1% |
| Deferred charges and accrued income | 490/1 | €1,661 | €1,739 | +€78 | +4.7% |
| Total equity and liabilities | 10/49 | €126,375 | €129,034 | +€2,659 | +2.1% |
| Equity | 10/15 | €62,495 | €52,653 | -€9,841 | -15.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €59,495 | €49,653 | -€9,841 | -16.5% |
| Distributable reserves | 133 | €59,495 | €49,653 | -€9,841 | -16.5% |
| Amounts payable | 17/49 | €63,880 | €76,380 | +€12,500 | +19.6% |
| Amounts payable within one year | 42/48 | €63,880 | €76,380 | +€12,500 | +19.6% |
| Trade debts | 44 | €284 | €146 | -€137 | -48.4% |
| Suppliers | 440/4 | €284 | €146 | -€137 | -48.4% |
| Taxes, remuneration and social security | 45 | €16,975 | €21,463 | +€4,487 | +26.4% |
| Taxes | 450/3 | €16,975 | €21,463 | +€4,487 | +26.4% |
| Other amounts payable | 47/48 | €46,621 | €54,772 | +€8,151 | +17.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,623 | €3,636 | +€1,013 | +38.6% |
| Other operating charges | 640/8 | €1,359 | €1,344 | -€15 | -1.1% |
| Gross operating margin | 9900 | €72,607 | €78,908 | +€6,301 | +8.7% |
| Operating profit (loss) | 9901 | €68,625 | €73,929 | +€5,303 | +7.7% |
| Financial income | 75/76B | €271 | €271 | +€1 | +0.3% |
| Recurring financial income | 75 | €271 | €271 | +€1 | +0.3% |
| Profit (loss) for the period before taxes | 9903 | €68,896 | €74,200 | +€5,304 | +7.7% |
| Income taxes | 67/77 | €17,918 | €19,284 | +€1,365 | +7.6% |
| Profit (loss) for the period | 9904 | €50,978 | €54,917 | +€3,939 | +7.7% |
| Profit (loss) for the period to be appropriated | 9905 | €50,978 | €54,917 | +€3,939 | +7.7% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.