Elfa Company: what changed
Two financial 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.
Elfa Company
Largest movements
- Stocks and contracts +€383,560
up €383,560 (+421%), from €91,057 to €474,617
- Receivables within one year +€82,345
up €82,345 (+189%), from €43,583 to €125,928
- Cash +€18,337
up €18,337 (+236%), from €7,760 to €26,096
mainly Other debts (+€520,837) and Net result for the year (+€19,108)
- Other debts +€520,837
up €520,837 (+25,652%), from €2,030 to €522,867
- Trade debts -€67,610
down €67,610 (-67.0%), from €100,848 to €33,238
- Profit (loss) carried forward +€19,108
up €19,108 (+63.5%), from €30,088 to €49,195
- Tax, wage and social debts +€9,836
up €9,836 (+45.4%), from €21,668 to €31,504
of which Remuneration and social security: +€5,586
- Gross operating margin +€32,752
up €32,752 (+53.1%), from €61,709 to €94,462
- Staff costs +€22,563
up €22,563 (+69.8%), from €32,319 to €54,882
- Financial charges +€3,822
up €3,822 (+54.8%), from €6,978 to €10,800
- Taxes +€1,676
up €1,676 (+31.3%), from €5,356 to €7,032
- Depreciation +€1,515
up €1,515 (+62.1%), from €2,441 to €3,956
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.
Derived cash bridge
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 | €159,703 | €641,874 | +€482,171 | +302% |
| Fixed assets | 21/28 | €16,189 | €14,118 | -€2,070 | -12.8% |
| Intangible fixed assets | 21 | €4,795 | €3,507 | -€1,288 | -26.9% |
| Tangible fixed assets | 22/27 | €11,394 | €10,611 | -€783 | -6.9% |
| Plant, machinery and equipment | 23 | €6,159 | €6,357 | +€199 | +3.2% |
| Furniture and vehicles | 24 | €1,252 | €742 | -€510 | -40.8% |
| Leasing and similar rights | 25 | €3,983 | €3,512 | -€471 | -11.8% |
| Current assets | 29/58 | €143,514 | €627,755 | +€484,241 | +337% |
| Stocks and contracts in progress | 3 | €91,057 | €474,617 | +€383,560 | +421% |
| Stocks | 30/36 | €91,057 | €474,617 | +€383,560 | +421% |
| Amounts receivable within one year | 40/41 | €43,583 | €125,928 | +€82,345 | +189% |
| Trade receivables | 40 | €43,583 | €125,928 | +€82,345 | +189% |
| Cash at bank and in hand | 54/58 | €7,760 | €26,096 | +€18,337 | +236% |
| Deferred charges and accrued income | 490/1 | €1,115 | €1,115 | = | 0.0% |
| Total equity and liabilities | 10/49 | €159,703 | €641,874 | +€482,171 | +302% |
| Equity | 10/15 | €35,156 | €54,264 | +€19,108 | +54.4% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €2,068 | €2,068 | = | 0.0% |
| Distributable reserves | 133 | €2,068 | €2,068 | = | 0.0% |
| Profit (loss) carried forward | 14 | €30,088 | €49,195 | +€19,108 | +63.5% |
| Amounts payable | 17/49 | €124,547 | €587,610 | +€463,063 | +372% |
| Amounts payable within one year | 42/48 | €124,547 | €587,610 | +€463,063 | +372% |
| Trade debts | 44 | €100,848 | €33,238 | -€67,610 | -67.0% |
| Suppliers | 440/4 | €100,848 | €33,238 | -€67,610 | -67.0% |
| Taxes, remuneration and social security | 45 | €21,668 | €31,504 | +€9,836 | +45.4% |
| Taxes | 450/3 | €15,086 | €19,336 | +€4,250 | +28.2% |
| Remuneration and social security | 454/9 | €6,582 | €12,168 | +€5,586 | +84.9% |
| Other amounts payable | 47/48 | €2,030 | €522,867 | +€520,837 | +25,652% |
| Remuneration, social security and pensions | 62 | €32,319 | €54,882 | +€22,563 | +69.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,441 | €3,956 | +€1,515 | +62.1% |
| Other operating charges | 640/8 | €2,133 | €782 | -€1,351 | -63.4% |
| Gross operating margin | 9900 | €61,709 | €94,462 | +€32,752 | +53.1% |
| Operating profit (loss) | 9901 | €24,817 | €34,843 | +€10,026 | +40.4% |
| Financial income | 75/76B | €1,107 | €2,097 | +€990 | +89.5% |
| Recurring financial income | 75 | €1,107 | €2,097 | +€990 | +89.5% |
| Financial charges | 65/66B | €6,978 | €10,800 | +€3,822 | +54.8% |
| Recurring financial charges | 65 | €6,978 | €10,800 | +€3,822 | +54.8% |
| Profit (loss) for the period before taxes | 9903 | €18,946 | €26,139 | +€7,194 | +38.0% |
| Income taxes | 67/77 | €5,356 | €7,032 | +€1,676 | +31.3% |
| Profit (loss) for the period | 9904 | €13,590 | €19,108 | +€5,518 | +40.6% |
| Profit (loss) for the period to be appropriated | 9905 | €13,590 | €19,108 | +€5,518 | +40.6% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.