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
- Receivables within one year +€310,180
up €310,180 (+163.0%), from €190,347 to €500,527
of which Other amounts receivable: +€441,709
- Tangible fixed assets -€298,893
down €298,893 (-97.2%), from €307,388 to €8,495
- Cash -€13,741
down €13,741 (-63.8%), from €21,530 to €7,790
mainly Receivables within one year (-€310,180) and Net result for the year (-€22,137)
- Debts within one year +€28,705
up €28,705 (+5.4%), from €531,970 to €560,675
of which Other debts: +€516,033
- Profit (loss) carried forward -€22,137
down €22,137 (-26.4%), from -€83,727 to -€105,864
- Debts after one year -€11,358
no longer reported in 2021 (was €11,358)
- Financial income +€162,755
new in 2021: €162,755
of which Non-recurring financial income: +€160,659
- Other operating charges +€142,418
new in 2021: €142,418
- Gross operating margin -€68,403
down €68,403, from €31,723 to -€36,680
- Financial charges +€1,208
new in 2021: €1,208
- Taxes -€1,169
no longer reported in 2021 (was €1,169)
From the 2020 result to the 2021 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 2020 and 2021 balance sheets and the 2021 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2020 | 2021 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €521,602 | €516,812 | -€4,790 | -0.9% |
| Fixed assets | 21/28 | €307,388 | €8,495 | -€298,893 | -97.2% |
| Tangible fixed assets | 22/27 | €307,388 | €8,495 | -€298,893 | -97.2% |
| Plant, machinery and equipment | 23 | - | €645 | +€645 | |
| Furniture and vehicles | 24 | - | €7,850 | +€7,850 | |
| Current assets | 29/58 | €214,214 | €508,316 | +€294,103 | +137.3% |
| Stocks and contracts in progress | 3 | €2,250 | - | -€2,250 | |
| Amounts receivable within one year | 40/41 | €190,347 | €500,527 | +€310,180 | +163.0% |
| Trade receivables | 40 | - | €58,817 | +€58,817 | |
| Other amounts receivable | 41 | - | €441,709 | +€441,709 | |
| Cash at bank and in hand | 54/58 | €21,530 | €7,790 | -€13,741 | -63.8% |
| Total equity and liabilities | 10/49 | €521,602 | €516,812 | -€4,790 | -0.9% |
| Equity | 10/15 | -€21,727 | -€43,864 | -€22,137 | -101.9% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | - | €62,000 | +€62,000 | |
| Issued capital | 100 | - | €62,000 | +€62,000 | |
| Profit (loss) carried forward | 14 | -€83,727 | -€105,864 | -€22,137 | -26.4% |
| Amounts payable | 17/49 | €543,329 | €560,675 | +€17,347 | +3.2% |
| Amounts payable after more than one year | 17 | €11,358 | - | -€11,358 | |
| Amounts payable within one year | 42/48 | €531,970 | €560,675 | +€28,705 | +5.4% |
| Financial debts | 43 | - | €7 | +€7 | |
| Credit institutions | 430/8 | - | €7 | +€7 | |
| Trade debts | 44 | €20,271 | €42,244 | +€21,972 | +108.4% |
| Suppliers | 440/4 | - | €42,244 | +€42,244 | |
| Taxes, remuneration and social security | 45 | - | €2,392 | +€2,392 | |
| Taxes | 450/3 | - | €2,392 | +€2,392 | |
| Other amounts payable | 47/48 | - | €516,033 | +€516,033 | |
| Remuneration, social security and pensions | 62 | - | €58 | +€58 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,812 | €4,527 | +€715 | +18.7% |
| Other operating charges | 640/8 | - | €142,418 | +€142,418 | |
| Gross operating margin | 9900 | €31,723 | -€36,680 | -€68,403 | |
| Operating profit (loss) | 9901 | €25,610 | -€183,683 | -€209,294 | |
| Financial income | 75/76B | - | €162,755 | +€162,755 | |
| Recurring financial income | 75 | €2,081 | €2,096 | +€15 | +0.7% |
| Non-recurring financial income | 76B | - | €160,659 | +€160,659 | |
| Financial charges | 65/66B | - | €1,208 | +€1,208 | |
| Recurring financial charges | 65 | €932 | €1,208 | +€276 | +29.6% |
| Profit (loss) for the period before taxes | 9903 | €26,760 | -€22,137 | -€48,896 | |
| Income taxes | 67/77 | €1,169 | - | -€1,169 | |
| Profit (loss) for the period | 9904 | €25,590 | -€22,137 | -€47,727 | |
| Profit (loss) for the period to be appropriated | 9905 | €25,590 | -€22,137 | -€47,727 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2020 and 31 December 2021. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.