ELFARM: 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.
ELFARM
Largest movements
- Receivables within one year +€31,912
up €31,912 (+1.8%), from €1.7m to €1.8m
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin +€12,254
up €12,254 (+76.3%), from -€16,050 to -€3,796
- Taxes +€5,908
new in 2025: €5,908
- Financial income +€353
up €353 (+1.0%), from €34,584 to €34,937
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 | €2,578,840 | €2,610,840 | +€32,000 | +1.2% |
| Fixed assets | 21/28 | €829,794 | €829,794 | = | 0.0% |
| Financial fixed assets | 28 | €829,794 | €829,794 | = | 0.0% |
| Current assets | 29/58 | €1,749,047 | €1,781,047 | +€32,000 | +1.8% |
| Amounts receivable within one year | 40/41 | €1,748,973 | €1,780,885 | +€31,912 | +1.8% |
| Other amounts receivable | 41 | €1,748,973 | €1,780,885 | +€31,912 | +1.8% |
| Cash at bank and in hand | 54/58 | €73 | €162 | +€88 | +120.8% |
| Total equity and liabilities | 10/49 | €2,578,840 | €2,610,840 | +€32,000 | +1.2% |
| Equity | 10/15 | €1,694,420 | €1,710,651 | +€16,231 | +1.0% |
| Contributions | 10/11 | €270,452 | €270,452 | = | 0.0% |
| Capital | 10 | €270,452 | €270,452 | = | 0.0% |
| Issued capital | 100 | €270,452 | €270,452 | = | 0.0% |
| Reserves | 13 | €1,423,968 | €1,440,199 | +€16,231 | +1.1% |
| Non-distributable reserves | 130/1 | €27,045 | €27,045 | = | 0.0% |
| Legal reserve | 130 | €27,045 | €27,045 | = | 0.0% |
| Distributable reserves | 133 | €1,396,923 | €1,413,154 | +€16,231 | +1.2% |
| Amounts payable | 17/49 | €884,420 | €900,190 | +€15,769 | +1.8% |
| Amounts payable within one year | 42/48 | €884,420 | €900,190 | +€15,769 | +1.8% |
| Trade debts | 44 | €1,115 | €2,033 | +€918 | +82.3% |
| Suppliers | 440/4 | €1,115 | €2,033 | +€918 | +82.3% |
| Taxes, remuneration and social security | 45 | - | €5,908 | +€5,908 | |
| Taxes | 450/3 | - | €5,908 | +€5,908 | |
| Other amounts payable | 47/48 | €883,305 | €892,248 | +€8,943 | +1.0% |
| Other operating charges | 640/8 | €241 | €128 | -€113 | -46.9% |
| Gross operating margin | 9900 | -€16,050 | -€3,796 | +€12,254 | +76.3% |
| Operating profit (loss) | 9901 | -€16,291 | -€3,924 | +€12,367 | +75.9% |
| Financial income | 75/76B | €34,584 | €34,937 | +€353 | +1.0% |
| Recurring financial income | 75 | €34,584 | €34,937 | +€353 | +1.0% |
| Financial charges | 65/66B | €8,764 | €8,874 | +€110 | +1.3% |
| Recurring financial charges | 65 | €8,764 | €8,874 | +€110 | +1.3% |
| Profit (loss) for the period before taxes | 9903 | €9,528 | €22,139 | +€12,611 | +132.3% |
| Income taxes | 67/77 | - | €5,908 | +€5,908 | |
| Profit (loss) for the period | 9904 | €9,528 | €16,231 | +€6,702 | +70.3% |
| Profit (loss) for the period to be appropriated | 9905 | €9,528 | €16,231 | +€6,702 | +70.3% |
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.