ELEA GROUP: 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.
ELEA GROUP
Largest movements
- Receivables within one year +€35,608
up €35,608 (+23.5%), from €151,547 to €187,156
of which Trade receivables: +€32,346
- Cash -€25,847
down €25,847 (-23.7%), from €108,859 to €83,012
mainly Other debts (-€53,709) and Receivables within one year (-€35,608)
- Tangible fixed assets -€24,955
down €24,955 (-28.1%), from €88,964 to €64,009
of which Furniture and vehicles: -€22,834
- Other debts -€53,709
down €53,709 (-91.8%), from €58,522 to €4,813
- Reserves +€50,108
up €50,108 (+25.8%), from €194,539 to €244,647
- Debts after one year -€14,938
down €14,938 (-41.6%), from €35,903 to €20,964
- Tax, wage and social debts +€6,445
up €6,445 (+127.8%), from €5,044 to €11,488
of which Remuneration and social security: +€6,258
- Staff costs +€50,092
up €50,092 (+415.2%), from €12,066 to €62,158
- Taxes -€16,628
down €16,628 (-45.9%), from €36,256 to €19,628
- Gross operating margin -€14,089
down €14,089 (-8.1%), from €174,607 to €160,518
- Depreciation +€8,394
up €8,394 (+50.7%), from €16,561 to €24,955
- Financial charges -€1,912
down €1,912 (-45.6%), from €4,196 to €2,285
of which Financial charges: -€1,504
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 | €349,832 | €336,676 | -€13,156 | -3.8% |
| Fixed assets | 21/28 | €89,125 | €64,170 | -€24,955 | -28.0% |
| Tangible fixed assets | 22/27 | €88,964 | €64,009 | -€24,955 | -28.1% |
| Plant, machinery and equipment | 23 | €9,516 | €7,395 | -€2,121 | -22.3% |
| Furniture and vehicles | 24 | €79,448 | €56,614 | -€22,834 | -28.7% |
| Financial fixed assets | 28 | €161 | €161 | = | 0.0% |
| Current assets | 29/58 | €260,707 | €272,506 | +€11,800 | +4.5% |
| Amounts receivable within one year | 40/41 | €151,547 | €187,156 | +€35,608 | +23.5% |
| Trade receivables | 40 | €148,437 | €180,783 | +€32,346 | +21.8% |
| Other amounts receivable | 41 | €3,110 | €6,372 | +€3,262 | +104.9% |
| Cash at bank and in hand | 54/58 | €108,859 | €83,012 | -€25,847 | -23.7% |
| Deferred charges and accrued income | 490/1 | €300 | €2,339 | +€2,039 | +679.6% |
| Total equity and liabilities | 10/49 | €349,832 | €336,676 | -€13,156 | -3.8% |
| Equity | 10/15 | €215,646 | €265,754 | +€50,108 | +23.2% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €194,539 | €244,647 | +€50,108 | +25.8% |
| Distributable reserves | 133 | €194,539 | €244,647 | +€50,108 | +25.8% |
| Profit (loss) carried forward | 14 | €647 | €647 | = | 0.0% |
| Amounts payable | 17/49 | €134,186 | €70,922 | -€63,264 | -47.1% |
| Amounts payable after more than one year | 17 | €35,903 | €20,964 | -€14,938 | -41.6% |
| Financial debts | 170/4 | €35,903 | €20,964 | -€14,938 | -41.6% |
| Amounts payable within one year | 42/48 | €97,895 | €49,558 | -€48,338 | -49.4% |
| Current portion of amounts payable after more than one year | 42 | €14,387 | €14,938 | +€551 | +3.8% |
| Trade debts | 44 | €19,942 | €18,318 | -€1,624 | -8.1% |
| Suppliers | 440/4 | €19,942 | €18,318 | -€1,624 | -8.1% |
| Taxes, remuneration and social security | 45 | €5,044 | €11,488 | +€6,445 | +127.8% |
| Taxes | 450/3 | €674 | €861 | +€186 | +27.6% |
| Remuneration and social security | 454/9 | €4,370 | €10,628 | +€6,258 | +143.2% |
| Other amounts payable | 47/48 | €58,522 | €4,813 | -€53,709 | -91.8% |
| Accrued charges and deferred income | 492/3 | €387 | €400 | +€12 | +3.2% |
| Remuneration, social security and pensions | 62 | €12,066 | €62,158 | +€50,092 | +415.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,561 | €24,955 | +€8,394 | +50.7% |
| Other operating charges | 640/8 | €1,277 | €1,459 | +€181 | +14.2% |
| Gross operating margin | 9900 | €174,607 | €160,518 | -€14,089 | -8.1% |
| Operating profit (loss) | 9901 | €144,703 | €71,947 | -€72,756 | -50.3% |
| Financial income | 75/76B | €288 | €74 | -€214 | -74.4% |
| Recurring financial income | 75 | €288 | €74 | -€214 | -74.4% |
| Financial charges | 65/66B | €4,196 | €2,285 | -€1,912 | -45.6% |
| Recurring financial charges | 65 | €3,789 | €2,285 | -€1,504 | -39.7% |
| Non-recurring financial charges | 66B | €408 | - | -€408 | |
| Profit (loss) for the period before taxes | 9903 | €140,795 | €69,736 | -€71,059 | -50.5% |
| Income taxes | 67/77 | €36,256 | €19,628 | -€16,628 | -45.9% |
| Profit (loss) for the period | 9904 | €104,539 | €50,108 | -€54,431 | -52.1% |
| Profit (loss) for the period to be appropriated | 9905 | €104,539 | €50,108 | -€54,431 | -52.1% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.