Elena: 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.
Elena
Largest movements
- Receivables within one year +€10,433
up €10,433 (+48.6%), from €21,465 to €31,897
of which Trade receivables: +€10,068
- Tangible fixed assets -€6,882
down €6,882 (-3.0%), from €232,909 to €226,027
of which Land and buildings: -€5,552
- Cash -€2,873
down €2,873 (-15.7%), from €18,293 to €15,420
mainly Debts after one year (-€41,071) and Contributions, distributions and other (-€20,000)
- Debts after one year -€41,071
down €41,071 (-17.8%), from €230,831 to €189,760
of which Other amounts payable: -€30,000
- Other debts +€20,000
new in 2025: €20,000
- Profit (loss) carried forward +€9,420
no longer reported in 2025 (was -€9,420)
- Tax, wage and social debts +€7,631
up €7,631 (+107.4%), from €7,106 to €14,736
- Reserves +€3,583
up €3,583 (+11.8%), from €30,333 to €33,916
- Gross operating margin +€31,480
up €31,480 (+110.8%), from €28,412 to €59,892
- Depreciation -€23,374
down €23,374 (-77.3%), from €30,257 to €6,882
- Taxes +€8,262
up €8,262 (+3649.2%), from €226 to €8,489
- Financial charges +€4,554
up €4,554 (+77.0%), from €5,916 to €10,470
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 | €272,841 | €273,515 | +€674 | +0.2% |
| Fixed assets | 21/28 | €232,909 | €226,027 | -€6,882 | -3.0% |
| Tangible fixed assets | 22/27 | €232,909 | €226,027 | -€6,882 | -3.0% |
| Land and buildings | 22 | €228,463 | €222,911 | -€5,552 | -2.4% |
| Plant, machinery and equipment | 23 | €1,830 | €1,030 | -€800 | -43.7% |
| Furniture and vehicles | 24 | €2,617 | €2,086 | -€531 | -20.3% |
| Current assets | 29/58 | €39,932 | €47,489 | +€7,556 | +18.9% |
| Amounts receivable within one year | 40/41 | €21,465 | €31,897 | +€10,433 | +48.6% |
| Trade receivables | 40 | €21,301 | €31,370 | +€10,068 | +47.3% |
| Other amounts receivable | 41 | €163 | €528 | +€365 | +223.5% |
| Cash at bank and in hand | 54/58 | €18,293 | €15,420 | -€2,873 | -15.7% |
| Deferred charges and accrued income | 490/1 | €175 | €171 | -€4 | -2.2% |
| Total equity and liabilities | 10/49 | €272,841 | €273,515 | +€674 | +0.2% |
| Equity | 10/15 | €21,913 | €34,916 | +€13,003 | +59.3% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €30,333 | €33,916 | +€3,583 | +11.8% |
| Distributable reserves | 133 | €30,333 | €33,916 | +€3,583 | +11.8% |
| Profit (loss) carried forward | 14 | -€9,420 | - | +€9,420 | |
| Amounts payable | 17/49 | €250,929 | €238,599 | -€12,330 | -4.9% |
| Amounts payable after more than one year | 17 | €230,831 | €189,760 | -€41,071 | -17.8% |
| Financial debts | 170/4 | €191,831 | €180,760 | -€11,071 | -5.8% |
| Other amounts payable | 178/9 | €39,000 | €9,000 | -€30,000 | -76.9% |
| Amounts payable within one year | 42/48 | €19,434 | €47,268 | +€27,834 | +143.2% |
| Current portion of amounts payable after more than one year | 42 | €10,680 | €11,071 | +€391 | +3.7% |
| Trade debts | 44 | €1,649 | €1,461 | -€188 | -11.4% |
| Suppliers | 440/4 | €1,649 | €1,461 | -€188 | -11.4% |
| Taxes, remuneration and social security | 45 | €7,106 | €14,736 | +€7,631 | +107.4% |
| Taxes | 450/3 | €7,106 | €14,736 | +€7,631 | +107.4% |
| Other amounts payable | 47/48 | - | €20,000 | +€20,000 | |
| Accrued charges and deferred income | 492/3 | €663 | €1,570 | +€907 | +136.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,257 | €6,882 | -€23,374 | -77.3% |
| Other operating charges | 640/8 | €1,498 | €1,050 | -€449 | -29.9% |
| Gross operating margin | 9900 | €28,412 | €59,892 | +€31,480 | +110.8% |
| Operating profit (loss) | 9901 | -€3,343 | €51,960 | +€55,303 | |
| Financial income | 75/76B | €66 | €2 | -€63 | -96.6% |
| Recurring financial income | 75 | €66 | €2 | -€63 | -96.6% |
| Financial charges | 65/66B | €5,916 | €10,470 | +€4,554 | +77.0% |
| Recurring financial charges | 65 | €5,916 | €10,470 | +€4,554 | +77.0% |
| Profit (loss) for the period before taxes | 9903 | -€9,194 | €41,492 | +€50,686 | |
| Income taxes | 67/77 | €226 | €8,489 | +€8,262 | +3649.2% |
| Profit (loss) for the period | 9904 | -€9,420 | €33,003 | +€42,424 | |
| Profit (loss) for the period to be appropriated | 9905 | -€9,420 | €33,003 | +€42,424 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.