ELGALUGA: 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.
ELGALUGA
Largest movements
- Cash -€87,600
down €87,600 (-40.2%), from €217,998 to €130,397
mainly Contributions, distributions and other (-€150,000) and Other debts (-€45,954)
- Current investments +€35,123
up €35,123 (+88.2%), from €39,822 to €74,946
- Tangible fixed assets +€10,332
up €10,332 (+458.7%), from €2,253 to €12,585
- Other debts -€45,954
down €45,954 (-20.8%), from €220,421 to €174,467
- Reserves +€7,524
up €7,524 (+18.6%), from €40,485 to €48,009
- Tax, wage and social debts -€3,515
down €3,515 (-15.5%), from €22,663 to €19,148
- Financial income -€6,327
down €6,327 (-63.9%), from €9,896 to €3,569
- Gross operating margin -€4,966
down €4,966 (-2.4%), from €208,633 to €203,666
- Taxes -€2,626
down €2,626 (-5.3%), from €49,113 to €46,487
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 | €289,234 | €246,863 | -€42,371 | -14.6% |
| Fixed assets | 21/28 | €2,253 | €12,585 | +€10,332 | +458.7% |
| Tangible fixed assets | 22/27 | €2,253 | €12,585 | +€10,332 | +458.7% |
| Furniture and vehicles | 24 | €2,253 | €12,585 | +€10,332 | +458.7% |
| Current assets | 29/58 | €286,981 | €234,278 | -€52,703 | -18.4% |
| Amounts receivable within one year | 40/41 | €29,161 | €27,903 | -€1,259 | -4.3% |
| Trade receivables | 40 | €27,851 | €27,903 | +€52 | +0.2% |
| Other amounts receivable | 41 | €1,311 | €0 | -€1,311 | -100.0% |
| Current investments | 50/53 | €39,822 | €74,946 | +€35,123 | +88.2% |
| Cash at bank and in hand | 54/58 | €217,998 | €130,397 | -€87,600 | -40.2% |
| Deferred charges and accrued income | 490/1 | - | €1,032 | +€1,032 | |
| Total equity and liabilities | 10/49 | €289,234 | €246,863 | -€42,371 | -14.6% |
| Equity | 10/15 | €42,485 | €50,009 | +€7,524 | +17.7% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €40,485 | €48,009 | +€7,524 | +18.6% |
| Distributable reserves | 133 | €40,485 | €48,009 | +€7,524 | +18.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €246,749 | €196,854 | -€49,896 | -20.2% |
| Amounts payable within one year | 42/48 | €246,749 | €196,854 | -€49,896 | -20.2% |
| Trade debts | 44 | €3,666 | €3,239 | -€427 | -11.6% |
| Suppliers | 440/4 | €3,666 | €3,239 | -€427 | -11.6% |
| Taxes, remuneration and social security | 45 | €22,663 | €19,148 | -€3,515 | -15.5% |
| Taxes | 450/3 | €22,663 | €19,148 | -€3,515 | -15.5% |
| Other amounts payable | 47/48 | €220,421 | €174,467 | -€45,954 | -20.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €733 | €1,340 | +€608 | +82.9% |
| Other operating charges | 640/8 | €2,767 | €1,306 | -€1,461 | -52.8% |
| Gross operating margin | 9900 | €208,633 | €203,666 | -€4,966 | -2.4% |
| Operating profit (loss) | 9901 | €205,133 | €201,020 | -€4,113 | -2.0% |
| Financial income | 75/76B | €9,896 | €3,569 | -€6,327 | -63.9% |
| Recurring financial income | 75 | €9,896 | €3,569 | -€6,327 | -63.9% |
| Financial charges | 65/66B | €825 | €578 | -€247 | -30.0% |
| Recurring financial charges | 65 | €825 | €578 | -€247 | -30.0% |
| Profit (loss) for the period before taxes | 9903 | €214,204 | €204,012 | -€10,193 | -4.8% |
| Income taxes | 67/77 | €49,113 | €46,487 | -€2,626 | -5.3% |
| Profit (loss) for the period | 9904 | €165,091 | €157,524 | -€7,567 | -4.6% |
| Profit (loss) for the period to be appropriated | 9905 | €165,091 | €157,524 | -€7,567 | -4.6% |
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 7 October 2026 via checked.be.