Elbra: 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.
Elbra
Largest movements
- Cash +€5,180
up €5,180 (+35.0%), from €14,801 to €19,980
mainly Net result for the year (+€8,008) and Trade debts (+€2,805)
- Receivables within one year +€2,346
up €2,346 (+215226.6%), from €1 to €2,347
- Tangible fixed assets -€544
down €544 (-28.8%), from €1,892 to €1,348
- Profit (loss) carried forward +€8,008
up €8,008 (+8.1%), from -€99,334 to -€91,325
- Other debts -€3,137
down €3,137 (-4.8%), from €65,375 to €62,238
- Trade debts +€2,805
up €2,805 (+145.9%), from €1,923 to €4,728
- Tax, wage and social debts -€438
down €438 (-17.7%), from €2,481 to €2,042
- Gross operating margin +€1,926
up €1,926 (+15.9%), from €12,094 to €14,020
- Financial charges -€551
down €551 (-19.2%), from €2,868 to €2,316
- Other operating charges +€280
up €280 (+11.6%), from €2,423 to €2,703
- Financial income -€156
down €156 (-100.0%), from €156 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.
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 | €20,445 | €27,683 | +€7,238 | +35.4% |
| Fixed assets | 21/28 | €1,892 | €1,348 | -€544 | -28.8% |
| Tangible fixed assets | 22/27 | €1,892 | €1,348 | -€544 | -28.8% |
| Other tangible fixed assets | 26 | €1,892 | €1,348 | -€544 | -28.8% |
| Current assets | 29/58 | €18,552 | €26,335 | +€7,783 | +41.9% |
| Amounts receivable within one year | 40/41 | €1 | €2,347 | +€2,346 | +215226.6% |
| Other amounts receivable | 41 | €1 | €2,347 | +€2,346 | +215226.6% |
| Cash at bank and in hand | 54/58 | €14,801 | €19,980 | +€5,180 | +35.0% |
| Deferred charges and accrued income | 490/1 | €3,750 | €4,007 | +€257 | +6.8% |
| Total equity and liabilities | 10/49 | €20,445 | €27,683 | +€7,238 | +35.4% |
| Equity | 10/15 | -€49,334 | -€41,325 | +€8,008 | +16.2% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€99,334 | -€91,325 | +€8,008 | +8.1% |
| Amounts payable | 17/49 | €69,778 | €69,008 | -€770 | -1.1% |
| Amounts payable within one year | 42/48 | €69,778 | €69,008 | -€770 | -1.1% |
| Trade debts | 44 | €1,923 | €4,728 | +€2,805 | +145.9% |
| Suppliers | 440/4 | €1,923 | €4,728 | +€2,805 | +145.9% |
| Taxes, remuneration and social security | 45 | €2,481 | €2,042 | -€438 | -17.7% |
| Taxes | 450/3 | €2,481 | €2,042 | -€438 | -17.7% |
| Other amounts payable | 47/48 | €65,375 | €62,238 | -€3,137 | -4.8% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €544 | €544 | +€0 | 0.0% |
| Other operating charges | 640/8 | €2,423 | €2,703 | +€280 | +11.6% |
| Gross operating margin | 9900 | €12,094 | €14,020 | +€1,926 | +15.9% |
| Operating profit (loss) | 9901 | €9,127 | €10,773 | +€1,646 | +18.0% |
| Financial income | 75/76B | €156 | €0 | -€156 | -100.0% |
| Recurring financial income | 75 | €156 | €0 | -€156 | -100.0% |
| Financial charges | 65/66B | €2,868 | €2,316 | -€551 | -19.2% |
| Recurring financial charges | 65 | €2,868 | €2,316 | -€551 | -19.2% |
| Profit (loss) for the period before taxes | 9903 | €6,415 | €8,456 | +€2,041 | +31.8% |
| Income taxes | 67/77 | €461 | €448 | -€13 | -2.8% |
| Profit (loss) for the period | 9904 | €5,954 | €8,008 | +€2,054 | +34.5% |
| Profit (loss) for the period to be appropriated | 9905 | €5,954 | €8,008 | +€2,054 | +34.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.