ELBA GROUP: 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 GROUP
Largest movements
- Cash -€26,844
down €26,844 (-99.9%), from €26,883 to €39
mainly Receivables within one year (-€24,095) and Trade debts (-€6,628)
- Receivables within one year +€24,095
up €24,095 (+619.3%), from €3,891 to €27,985
of which Trade receivables: +€24,030
- Tangible fixed assets -€7,567
down €7,567 (-56.1%), from €13,496 to €5,928
of which Furniture and vehicles: -€6,708
- Trade debts -€6,628
no longer reported in 2025 (was €6,628)
- Profit (loss) carried forward -€3,056
down €3,056 (-9.7%), from €31,502 to €28,445
- Accrued charges and deferred income -€971
no longer reported in 2025 (was €971)
- Gross operating margin -€13,704
down €13,704 (-82.1%), from €16,693 to €2,989
- Taxes -€2,467
no longer reported in 2025 (was €2,467)
- Other operating charges -€2,213
down €2,213 (-64.0%), from €3,455 to €1,242
- Depreciation +€607
up €607 (+14.5%), from €4,188 to €4,794
- Financial income +€205
up €205 (+1214.2%), from €17 to €222
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 | €44,269 | €33,952 | -€10,317 | -23.3% |
| Fixed assets | 21/28 | €13,496 | €5,928 | -€7,567 | -56.1% |
| Tangible fixed assets | 22/27 | €13,496 | €5,928 | -€7,567 | -56.1% |
| Plant, machinery and equipment | 23 | €3,192 | €2,333 | -€860 | -26.9% |
| Furniture and vehicles | 24 | €10,303 | €3,596 | -€6,708 | -65.1% |
| Current assets | 29/58 | €30,773 | €28,024 | -€2,749 | -8.9% |
| Amounts receivable within one year | 40/41 | €3,891 | €27,985 | +€24,095 | +619.3% |
| Trade receivables | 40 | - | €24,030 | +€24,030 | |
| Other amounts receivable | 41 | €3,891 | €3,956 | +€65 | +1.7% |
| Cash at bank and in hand | 54/58 | €26,883 | €39 | -€26,844 | -99.9% |
| Total equity and liabilities | 10/49 | €44,269 | €33,952 | -€10,317 | -23.3% |
| Equity | 10/15 | €34,002 | €30,945 | -€3,056 | -9.0% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €31,502 | €28,445 | -€3,056 | -9.7% |
| Amounts payable | 17/49 | €10,267 | €3,007 | -€7,261 | -70.7% |
| Amounts payable within one year | 42/48 | €9,296 | €3,007 | -€6,289 | -67.7% |
| Trade debts | 44 | €6,628 | - | -€6,628 | |
| Suppliers | 440/4 | €6,628 | - | -€6,628 | |
| Taxes, remuneration and social security | 45 | €2,467 | €2,467 | = | 0.0% |
| Taxes | 450/3 | €2,467 | €2,467 | = | 0.0% |
| Other amounts payable | 47/48 | €201 | €540 | +€339 | +168.6% |
| Accrued charges and deferred income | 492/3 | €971 | - | -€971 | |
| Non-recurring operating income | 76A | - | €194 | +€194 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,188 | €4,794 | +€607 | +14.5% |
| Other operating charges | 640/8 | €3,455 | €1,242 | -€2,213 | -64.0% |
| Gross operating margin | 9900 | €16,693 | €2,989 | -€13,704 | -82.1% |
| Operating profit (loss) | 9901 | €9,051 | -€3,047 | -€12,098 | |
| Financial income | 75/76B | €17 | €222 | +€205 | +1214.2% |
| Recurring financial income | 75 | €17 | €222 | +€205 | +1214.2% |
| Financial charges | 65/66B | €262 | €231 | -€31 | -11.9% |
| Recurring financial charges | 65 | €262 | €231 | -€31 | -11.9% |
| Profit (loss) for the period before taxes | 9903 | €8,805 | -€3,056 | -€11,862 | |
| Income taxes | 67/77 | €2,467 | - | -€2,467 | |
| Profit (loss) for the period | 9904 | €6,339 | -€3,056 | -€9,395 | |
| Profit (loss) for the period to be appropriated | 9905 | €6,339 | -€3,056 | -€9,395 |
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.