ELCA: 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.
ELCA
Largest movements
- Current investments -€300,000
down €300,000 (-34.2%), from €877,126 to €577,126
- Tangible fixed assets +€218,593
up €218,593 (+9.8%), from €2.2m to €2.4m
of which Land and buildings: +€220,073
- Cash +€121,643
up €121,643 (+65.8%), from €184,739 to €306,382
mainly Debts after one year (+€433,243) and Current investments (+€300,000)
- Receivables within one year -€37,422
down €37,422 (-94.5%), from €39,617 to €2,195
of which Trade receivables: -€39,581
- Other debts -€503,679
down €503,679 (-93.4%), from €539,044 to €35,365
- Debts after one year +€433,243
new in 2025: €433,243
- Reserves +€120,326
up €120,326 (+5.9%), from €2.0m to €2.2m
of which Distributable reserves: +€120,326
- Tax, wage and social debts -€48,223
down €48,223 (-88.5%), from €54,463 to €6,240
- Gross operating margin -€58,269
down €58,269 (-19.2%), from €304,251 to €245,982
- Depreciation -€23,775
down €23,775 (-21.1%), from €112,682 to €88,907
- Financial income +€20,755
up €20,755 (+943.6%), from €2,200 to €22,954
- Financial charges -€10,488
down €10,488 (-91.2%), from €11,503 to €1,014
- Taxes +€10,385
up €10,385 (+26.6%), from €39,030 to €49,415
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 | €3,400,924 | €3,404,762 | +€3,838 | +0.1% |
| Fixed assets | 21/28 | €2,223,931 | €2,442,524 | +€218,593 | +9.8% |
| Tangible fixed assets | 22/27 | €2,223,931 | €2,442,524 | +€218,593 | +9.8% |
| Land and buildings | 22 | €2,216,272 | €2,436,344 | +€220,073 | +9.9% |
| Plant, machinery and equipment | 23 | €5,890 | €4,865 | -€1,024 | -17.4% |
| Furniture and vehicles | 24 | €1,470 | €1,015 | -€455 | -31.0% |
| Other tangible fixed assets | 26 | €300 | €300 | = | 0.0% |
| Current assets | 29/58 | €1,176,993 | €962,238 | -€214,756 | -18.2% |
| Stocks and contracts in progress | 3 | €75,512 | €75,512 | = | 0.0% |
| Stocks | 30/36 | €75,512 | €75,512 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €39,617 | €2,195 | -€37,422 | -94.5% |
| Trade receivables | 40 | €39,617 | €36 | -€39,581 | -99.9% |
| Other amounts receivable | 41 | - | €2,159 | +€2,159 | |
| Current investments | 50/53 | €877,126 | €577,126 | -€300,000 | -34.2% |
| Cash at bank and in hand | 54/58 | €184,739 | €306,382 | +€121,643 | +65.8% |
| Deferred charges and accrued income | 490/1 | - | €1,023 | +€1,023 | |
| Total equity and liabilities | 10/49 | €3,400,924 | €3,404,762 | +€3,838 | +0.1% |
| Equity | 10/15 | €2,792,568 | €2,912,894 | +€120,326 | +4.3% |
| Contributions | 10/11 | €748,000 | €748,000 | = | 0.0% |
| Capital | 10 | €748,000 | €748,000 | = | 0.0% |
| Issued capital | 100 | €748,000 | €748,000 | = | 0.0% |
| Reserves | 13 | €2,044,568 | €2,164,894 | +€120,326 | +5.9% |
| Non-distributable reserves | 130/1 | €74,800 | €74,800 | = | 0.0% |
| Legal reserve | 130 | €74,800 | €74,800 | = | 0.0% |
| Distributable reserves | 133 | €1,969,768 | €2,090,094 | +€120,326 | +6.1% |
| Amounts payable | 17/49 | €608,356 | €491,868 | -€116,488 | -19.1% |
| Amounts payable after more than one year | 17 | - | €433,243 | +€433,243 | |
| Financial debts | 170/4 | - | €433,243 | +€433,243 | |
| Amounts payable within one year | 42/48 | €597,389 | €58,626 | -€538,764 | -90.2% |
| Trade debts | 44 | €3,882 | €17,020 | +€13,138 | +338.4% |
| Suppliers | 440/4 | €3,882 | €17,020 | +€13,138 | +338.4% |
| Taxes, remuneration and social security | 45 | €54,463 | €6,240 | -€48,223 | -88.5% |
| Taxes | 450/3 | €54,463 | €6,240 | -€48,223 | -88.5% |
| Other amounts payable | 47/48 | €539,044 | €35,365 | -€503,679 | -93.4% |
| Accrued charges and deferred income | 492/3 | €10,967 | - | -€10,967 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €112,682 | €88,907 | -€23,775 | -21.1% |
| Other operating charges | 640/8 | €9,363 | €9,274 | -€89 | -0.9% |
| Gross operating margin | 9900 | €304,251 | €245,982 | -€58,269 | -19.2% |
| Operating profit (loss) | 9901 | €182,205 | €147,801 | -€34,405 | -18.9% |
| Financial income | 75/76B | €2,200 | €22,954 | +€20,755 | +943.6% |
| Recurring financial income | 75 | €2,200 | €22,954 | +€20,755 | +943.6% |
| Financial charges | 65/66B | €11,503 | €1,014 | -€10,488 | -91.2% |
| Recurring financial charges | 65 | €11,503 | €1,014 | -€10,488 | -91.2% |
| Profit (loss) for the period before taxes | 9903 | €172,902 | €169,741 | -€3,161 | -1.8% |
| Income taxes | 67/77 | €39,030 | €49,415 | +€10,385 | +26.6% |
| Profit (loss) for the period | 9904 | €133,872 | €120,326 | -€13,547 | -10.1% |
| Profit (loss) for the period to be appropriated | 9905 | €133,872 | €120,326 | -€13,547 | -10.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.