ELENKOS: 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.
ELENKOS
Largest movements
- Cash -€28,537
down €28,537 (-78.0%), from €36,585 to €8,048
mainly Contributions, distributions and other (-€35,086) and Receivables within one year (-€14,282)
- Receivables within one year +€14,282
up €14,282 (+54.6%), from €26,177 to €40,459
of which Other amounts receivable: +€14,502
- Tangible fixed assets +€4,494
up €4,494 (+28.7%), from €15,676 to €20,171
of which Plant, machinery and equipment: +€5,993
- Deferred charges and accrued income +€2,507
up €2,507 (+115.9%), from €2,163 to €4,671
- Reserves -€35,086
down €35,086 (-41.1%), from €85,320 to €50,234
- Other debts +€35,086
new in 2026: €35,086
- Profit (loss) carried forward -€10,507
down €10,507 (-71.0%), from -€14,797 to -€25,305
- Tax, wage and social debts +€3,726
up €3,726 (+597.3%), from €624 to €4,350
- Gross operating margin -€37,702
down €37,702, from €32,546 to -€5,156
- Taxes -€3,519
down €3,519 (-96.2%), from €3,657 to €138
- Write-downs +€3,426
up €3,426, from -€2,800 to €626
- Financial charges +€1,755
up €1,755 (+212.3%), from €826 to €2,581
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €80,602 | €73,349 | -€7,254 | -9.0% |
| Fixed assets | 21/28 | €15,676 | €20,171 | +€4,494 | +28.7% |
| Tangible fixed assets | 22/27 | €15,676 | €20,171 | +€4,494 | +28.7% |
| Plant, machinery and equipment | 23 | €265 | €6,258 | +€5,993 | +2266.0% |
| Other tangible fixed assets | 26 | €15,412 | €13,913 | -€1,499 | -9.7% |
| Current assets | 29/58 | €64,926 | €53,178 | -€11,748 | -18.1% |
| Amounts receivable within one year | 40/41 | €26,177 | €40,459 | +€14,282 | +54.6% |
| Trade receivables | 40 | €21,418 | €21,198 | -€220 | -1.0% |
| Other amounts receivable | 41 | €4,759 | €19,261 | +€14,502 | +304.7% |
| Cash at bank and in hand | 54/58 | €36,585 | €8,048 | -€28,537 | -78.0% |
| Deferred charges and accrued income | 490/1 | €2,163 | €4,671 | +€2,507 | +115.9% |
| Total equity and liabilities | 10/49 | €80,602 | €73,349 | -€7,254 | -9.0% |
| Equity | 10/15 | €76,723 | €31,129 | -€45,594 | -59.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €85,320 | €50,234 | -€35,086 | -41.1% |
| Distributable reserves | 133 | €85,320 | €50,234 | -€35,086 | -41.1% |
| Profit (loss) carried forward | 14 | -€14,797 | -€25,305 | -€10,507 | -71.0% |
| Amounts payable | 17/49 | €3,880 | €42,220 | +€38,340 | +988.2% |
| Amounts payable within one year | 42/48 | €3,880 | €42,220 | +€38,340 | +988.2% |
| Trade debts | 44 | €3,256 | €2,783 | -€472 | -14.5% |
| Suppliers | 440/4 | €456 | €2,783 | +€2,328 | +510.7% |
| Bills of exchange payable | 441 | €2,800 | - | -€2,800 | |
| Taxes, remuneration and social security | 45 | €624 | €4,350 | +€3,726 | +597.3% |
| Taxes | 450/3 | €624 | €4,350 | +€3,726 | +597.3% |
| Other amounts payable | 47/48 | - | €35,086 | +€35,086 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,025 | €2,327 | +€302 | +14.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€2,800 | €626 | +€3,426 | |
| Other operating charges | 640/8 | €177 | €443 | +€266 | +150.0% |
| Gross operating margin | 9900 | €32,546 | -€5,156 | -€37,702 | |
| Operating profit (loss) | 9901 | €33,144 | -€8,552 | -€41,696 | |
| Financial income | 75/76B | €663 | €764 | +€101 | +15.3% |
| Recurring financial income | 75 | €663 | €764 | +€101 | +15.3% |
| Financial charges | 65/66B | €826 | €2,581 | +€1,755 | +212.3% |
| Recurring financial charges | 65 | €826 | €2,581 | +€1,755 | +212.3% |
| Profit (loss) for the period before taxes | 9903 | €32,981 | -€10,369 | -€43,350 | |
| Income taxes | 67/77 | €3,657 | €138 | -€3,519 | -96.2% |
| Profit (loss) for the period | 9904 | €29,323 | -€10,507 | -€39,831 | |
| Profit (loss) for the period to be appropriated | 9905 | €29,323 | -€10,507 | -€39,831 |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.