ELCLA: 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.
ELCLA
Largest movements
- Tangible fixed assets +€63,098
up €63,098 (+70.4%), from €89,611 to €152,709
of which Furniture and vehicles: +€76,668
- Financial fixed assets +€33,806
up €33,806 (+7.0%), from €482,347 to €516,153
- Receivables within one year +€24,995
up €24,995 (+44.9%), from €55,624 to €80,619
of which Trade receivables: +€13,647
- Cash -€15,145
down €15,145 (-75.3%), from €20,102 to €4,957
mainly Investment in fixed assets (net) (-€119,838) and Other debts (-€36,875)
- Reserves +€77,681
up €77,681 (+43.2%), from €179,917 to €257,598
of which Distributable reserves: +€77,681
- Debts after one year +€66,522
up €66,522 (+20.9%), from €317,897 to €384,419
- Other debts -€36,875
down €36,875 (-65.2%), from €56,529 to €19,654
- Profit (loss) carried forward -€8,273
down €8,273 (-100.0%), from €8,273 to €0
- Other operating charges +€19,000
up €19,000 (+951.8%), from €1,996 to €20,996
- Depreciation -€9,335
down €9,335 (-28.9%), from €32,269 to €22,934
- Gross operating margin +€8,277
up €8,277 (+5.4%), from €151,941 to €160,218
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 | €648,132 | €754,526 | +€106,394 | +16.4% |
| Fixed assets | 21/28 | €571,958 | €668,862 | +€96,904 | +16.9% |
| Tangible fixed assets | 22/27 | €89,611 | €152,709 | +€63,098 | +70.4% |
| Plant, machinery and equipment | 23 | €793 | €549 | -€245 | -30.8% |
| Furniture and vehicles | 24 | €63,622 | €140,290 | +€76,668 | +120.5% |
| Other tangible fixed assets | 26 | €25,196 | €11,871 | -€13,325 | -52.9% |
| Financial fixed assets | 28 | €482,347 | €516,153 | +€33,806 | +7.0% |
| Current assets | 29/58 | €76,174 | €85,664 | +€9,490 | +12.5% |
| Amounts receivable within one year | 40/41 | €55,624 | €80,619 | +€24,995 | +44.9% |
| Trade receivables | 40 | €55,624 | €69,271 | +€13,647 | +24.5% |
| Other amounts receivable | 41 | - | €11,348 | +€11,348 | |
| Cash at bank and in hand | 54/58 | €20,102 | €4,957 | -€15,145 | -75.3% |
| Deferred charges and accrued income | 490/1 | €448 | €89 | -€360 | -80.2% |
| Total equity and liabilities | 10/49 | €648,132 | €754,526 | +€106,394 | +16.4% |
| Equity | 10/15 | €206,790 | €276,198 | +€69,408 | +33.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €179,917 | €257,598 | +€77,681 | +43.2% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Other | 1319 | €0 | - | = | |
| Distributable reserves | 133 | €179,917 | €257,598 | +€77,681 | +43.2% |
| Profit (loss) carried forward | 14 | €8,273 | €0 | -€8,273 | -100.0% |
| Amounts payable | 17/49 | €441,341 | €478,328 | +€36,986 | +8.4% |
| Amounts payable after more than one year | 17 | €317,897 | €384,419 | +€66,522 | +20.9% |
| Financial debts | 170/4 | €317,897 | €384,419 | +€66,522 | +20.9% |
| Amounts payable within one year | 42/48 | €112,179 | €80,704 | -€31,475 | -28.1% |
| Current portion of amounts payable after more than one year | 42 | €43,670 | €45,186 | +€1,517 | +3.5% |
| Trade debts | 44 | €2,382 | €1,616 | -€766 | -32.2% |
| Suppliers | 440/4 | €2,382 | €1,616 | -€766 | -32.2% |
| Taxes, remuneration and social security | 45 | €9,598 | €14,247 | +€4,650 | +48.4% |
| Taxes | 450/3 | €8,598 | €13,247 | +€4,650 | +54.1% |
| Remuneration and social security | 454/9 | €1,000 | €1,000 | = | 0.0% |
| Other amounts payable | 47/48 | €56,529 | €19,654 | -€36,875 | -65.2% |
| Accrued charges and deferred income | 492/3 | €11,266 | €13,205 | +€1,940 | +17.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,269 | €22,934 | -€9,335 | -28.9% |
| Other operating charges | 640/8 | €1,996 | €20,996 | +€19,000 | +951.8% |
| Gross operating margin | 9900 | €151,941 | €160,218 | +€8,277 | +5.4% |
| Operating profit (loss) | 9901 | €117,676 | €116,287 | -€1,389 | -1.2% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €20,375 | €21,797 | +€1,422 | +7.0% |
| Recurring financial charges | 65 | €20,375 | €21,797 | +€1,422 | +7.0% |
| Profit (loss) for the period before taxes | 9903 | €97,301 | €94,491 | -€2,811 | -2.9% |
| Income taxes | 67/77 | €26,244 | €25,083 | -€1,161 | -4.4% |
| Profit (loss) for the period | 9904 | €71,057 | €69,408 | -€1,650 | -2.3% |
| Profit (loss) for the period to be appropriated | 9905 | €71,057 | €69,408 | -€1,650 | -2.3% |
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 5 October 2026 via checked.be.