ELBA TRAINING CENTER: 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 TRAINING CENTER
Largest movements
- Tangible fixed assets +€304,593
up €304,593 (+1,718%), from €17,726 to €322,319
of which Other tangible fixed assets: +€320,588
- Receivables within one year -€117,359
down €117,359 (-64.5%), from €181,940 to €64,581
of which Trade receivables: -€83,403
- Cash -€37,508
down €37,508 (-20.5%), from €182,837 to €145,329
mainly Investment in fixed assets (net) (-€315,872) and Contributions, distributions and other (-€60,000)
- Stocks and contracts +€18,200
up €18,200 (+39.6%), from €46,000 to €64,200
- Debts after one year +€206,074
new in 2025: €206,074
- Trade debts -€50,646
down €50,646 (-23.7%), from €213,422 to €162,776
- Advances received -€47,112
down €47,112 (-58.4%), from €80,651 to €33,539
- Other debts +€27,308
up €27,308 (+27.3%), from €100,033 to €127,341
- Profit (loss) carried forward +€26,521
up €26,521 (+126%), from €21,002 to €47,522
- Other operating charges +€35,081
up €35,081 (+9,057%), from €387 to €35,468
- Write-downs -€23,502
down €23,502, from €18,875 to -€4,627
- Depreciation +€7,872
up €7,872 (+231%), from €3,408 to €11,279
- Taxes -€2,486
down €2,486 (-100%), from €2,486 to €0
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 | €428,674 | €596,665 | +€167,990 | +39.2% |
| Fixed assets | 21/28 | €17,726 | €322,319 | +€304,593 | +1,718% |
| Tangible fixed assets | 22/27 | €17,726 | €322,319 | +€304,593 | +1,718% |
| Land and buildings | 22 | €15,469 | €0 | -€15,469 | -100% |
| Plant, machinery and equipment | 23 | €2,257 | €1,731 | -€526 | -23.3% |
| Other tangible fixed assets | 26 | - | €320,588 | +€320,588 | |
| Current assets | 29/58 | €410,948 | €274,346 | -€136,602 | -33.2% |
| Stocks and contracts in progress | 3 | €46,000 | €64,200 | +€18,200 | +39.6% |
| Stocks | 30/36 | €46,000 | €64,200 | +€18,200 | +39.6% |
| Amounts receivable within one year | 40/41 | €181,940 | €64,581 | -€117,359 | -64.5% |
| Trade receivables | 40 | €135,580 | €52,178 | -€83,403 | -61.5% |
| Other amounts receivable | 41 | €46,360 | €12,404 | -€33,956 | -73.2% |
| Cash at bank and in hand | 54/58 | €182,837 | €145,329 | -€37,508 | -20.5% |
| Deferred charges and accrued income | 490/1 | €171 | €235 | +€64 | +37.7% |
| Total equity and liabilities | 10/49 | €428,674 | €596,665 | +€167,990 | +39.2% |
| Equity | 10/15 | €24,002 | €50,522 | +€26,521 | +110% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €21,002 | €47,522 | +€26,521 | +126% |
| Amounts payable | 17/49 | €404,673 | €546,142 | +€141,470 | +35.0% |
| Amounts payable after more than one year | 17 | - | €206,074 | +€206,074 | |
| Financial debts | 170/4 | - | €206,074 | +€206,074 | |
| Amounts payable within one year | 42/48 | €404,673 | €340,069 | -€64,604 | -16.0% |
| Current portion of amounts payable after more than one year | 42 | - | €13,926 | +€13,926 | |
| Financial debts | 43 | €2,358 | €0 | -€2,358 | -100% |
| Credit institutions | 430/8 | €2,358 | €0 | -€2,358 | -100% |
| Trade debts | 44 | €213,422 | €162,776 | -€50,646 | -23.7% |
| Suppliers | 440/4 | €213,422 | €162,776 | -€50,646 | -23.7% |
| Advances received on contracts in progress | 46 | €80,651 | €33,539 | -€47,112 | -58.4% |
| Taxes, remuneration and social security | 45 | €8,208 | €2,486 | -€5,722 | -69.7% |
| Taxes | 450/3 | €8,208 | €2,486 | -€5,722 | -69.7% |
| Other amounts payable | 47/48 | €100,033 | €127,341 | +€27,308 | +27.3% |
| Non-recurring operating income | 76A | €32,400 | €0 | -€32,400 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,408 | €11,279 | +€7,872 | +231% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €18,875 | -€4,627 | -€23,502 | |
| Other operating charges | 640/8 | €387 | €35,468 | +€35,081 | +9,057% |
| Gross operating margin | 9900 | €131,851 | €131,716 | -€135 | -0.1% |
| Operating profit (loss) | 9901 | €109,181 | €89,595 | -€19,586 | -17.9% |
| Financial income | 75/76B | €58 | €51 | -€7 | -12.1% |
| Recurring financial income | 75 | €58 | €51 | -€7 | -12.1% |
| Financial charges | 65/66B | €1,829 | €3,125 | +€1,296 | +70.9% |
| Recurring financial charges | 65 | €1,829 | €3,125 | +€1,296 | +70.9% |
| Profit (loss) for the period before taxes | 9903 | €107,410 | €86,521 | -€20,889 | -19.4% |
| Income taxes | 67/77 | €2,486 | €0 | -€2,486 | -100% |
| Profit (loss) for the period | 9904 | €104,924 | €86,521 | -€18,403 | -17.5% |
| Profit (loss) for the period to be appropriated | 9905 | €104,924 | €86,521 | -€18,403 | -17.5% |
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 19 October 2026 via checked.be.