ELGANTO: 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.
ELGANTO
Largest movements
- Tangible fixed assets -€13,823
down €13,823 (-11.7%), from €117,757 to €103,934
of which Land and buildings: -€13,268
- Receivables within one year -€9,797
down €9,797 (-16.3%), from €59,978 to €50,180
of which Trade receivables: -€16,380
- Other debts +€59,161
up €59,161 (+50.4%), from €117,357 to €176,518
- Profit (loss) carried forward -€39,224
down €39,224 (-15.8%), from -€248,657 to -€287,881
- Advances received -€19,826
down €19,826 (-29.6%), from €67,047 to €47,221
- Debts after one year -€13,233
down €13,233 (-13.0%), from €101,865 to €88,631
- Tax, wage and social debts -€8,908
down €8,908 (-26.1%), from €34,170 to €25,261
of which Taxes: -€10,393
- Gross operating margin +€28,203
up €28,203 (+85.1%), from €33,161 to €61,364
- Other operating charges -€4,820
down €4,820 (-44.7%), from €10,784 to €5,964
- Taxes +€4,760
up €4,760 (+41.0%), from €11,613 to €16,373
- Financial charges +€1,159
up €1,159 (+10.3%), from €11,235 to €12,394
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 | €181,334 | €161,150 | -€20,184 | -11.1% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €117,757 | €103,934 | -€13,823 | -11.7% |
| Tangible fixed assets | 22/27 | €117,757 | €103,934 | -€13,823 | -11.7% |
| Land and buildings | 22 | €116,871 | €103,604 | -€13,268 | -11.4% |
| Plant, machinery and equipment | 23 | €180 | €115 | -€65 | -36.3% |
| Furniture and vehicles | 24 | €706 | €216 | -€490 | -69.4% |
| Other tangible fixed assets | 26 | €0 | €0 | = | |
| Current assets | 29/58 | €63,577 | €57,216 | -€6,361 | -10.0% |
| Stocks and contracts in progress | 3 | €2,609 | €4,340 | +€1,731 | +66.4% |
| Stocks | 30/36 | €2,609 | €4,340 | +€1,731 | +66.4% |
| Amounts receivable within one year | 40/41 | €59,978 | €50,180 | -€9,797 | -16.3% |
| Trade receivables | 40 | €58,751 | €42,370 | -€16,380 | -27.9% |
| Other amounts receivable | 41 | €1,227 | €7,810 | +€6,583 | +537% |
| Cash at bank and in hand | 54/58 | €0 | €1,705 | +€1,705 | |
| Deferred charges and accrued income | 490/1 | €991 | €991 | = | 0.0% |
| Total equity and liabilities | 10/49 | €181,334 | €161,150 | -€20,184 | -11.1% |
| Equity | 10/15 | -€217,409 | -€256,633 | -€39,224 | -18.0% |
| Contributions | 10/11 | €15,600 | €15,600 | = | 0.0% |
| Reserves | 13 | €15,648 | €15,648 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €13,788 | €13,788 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€248,657 | -€287,881 | -€39,224 | -15.8% |
| Amounts payable | 17/49 | €398,743 | €417,784 | +€19,040 | +4.8% |
| Amounts payable after more than one year | 17 | €101,865 | €88,631 | -€13,233 | -13.0% |
| Financial debts | 170/4 | €101,865 | €88,631 | -€13,233 | -13.0% |
| Amounts payable within one year | 42/48 | €296,879 | €328,496 | +€31,617 | +10.6% |
| Current portion of amounts payable after more than one year | 42 | €14,415 | €13,878 | -€537 | -3.7% |
| Financial debts | 43 | €10,733 | €13,570 | +€2,837 | +26.4% |
| Credit institutions | 430/8 | €10,733 | €13,570 | +€2,837 | +26.4% |
| Trade debts | 44 | €53,157 | €52,047 | -€1,110 | -2.1% |
| Suppliers | 440/4 | €53,157 | €52,047 | -€1,110 | -2.1% |
| Advances received on contracts in progress | 46 | €67,047 | €47,221 | -€19,826 | -29.6% |
| Taxes, remuneration and social security | 45 | €34,170 | €25,261 | -€8,908 | -26.1% |
| Taxes | 450/3 | €30,717 | €20,325 | -€10,393 | -33.8% |
| Remuneration and social security | 454/9 | €3,452 | €4,937 | +€1,484 | +43.0% |
| Other amounts payable | 47/48 | €117,357 | €176,518 | +€59,161 | +50.4% |
| Accrued charges and deferred income | 492/3 | - | €657 | +€657 | |
| Remuneration, social security and pensions | 62 | €52,807 | €52,211 | -€596 | -1.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,888 | €13,823 | -€64 | -0.5% |
| Other operating charges | 640/8 | €10,784 | €5,964 | -€4,820 | -44.7% |
| Gross operating margin | 9900 | €33,161 | €61,364 | +€28,203 | +85.1% |
| Operating profit (loss) | 9901 | -€44,319 | -€10,635 | +€33,684 | +76.0% |
| Financial income | 75/76B | €20 | €177 | +€158 | +807% |
| Recurring financial income | 75 | €20 | €177 | +€158 | +807% |
| Financial charges | 65/66B | €11,235 | €12,394 | +€1,159 | +10.3% |
| Recurring financial charges | 65 | €11,235 | €12,394 | +€1,159 | +10.3% |
| Profit (loss) for the period before taxes | 9903 | -€55,534 | -€22,851 | +€32,682 | +58.9% |
| Income taxes | 67/77 | €11,613 | €16,373 | +€4,760 | +41.0% |
| Profit (loss) for the period | 9904 | -€67,147 | -€39,224 | +€27,922 | +41.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€67,147 | -€39,224 | +€27,922 | +41.6% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.