ELGK: 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.
ELGK
Largest movements
- Cash +€5,502
up €5,502 (+26.8%), from €20,514 to €26,017
mainly Net result for the year (+€5,320) and Depreciation (+€4,902)
- Receivables within one year +€3,743
up €3,743 (+26.9%), from €13,926 to €17,669
of which Other amounts receivable: +€5,066
- Tangible fixed assets -€3,611
down €3,611 (-30.4%), from €11,899 to €8,288
of which Plant, machinery and equipment: -€2,840
- Stocks and contracts -€2,939
down €2,939 (-65.7%), from €4,471 to €1,532
- Reserves +€5,320
up €5,320 (+12.6%), from €42,128 to €47,448
- Trade debts -€2,687
down €2,687 (-51.0%), from €5,265 to €2,577
- Gross operating margin -€16,569
down €16,569 (-56.2%), from €29,504 to €12,935
- Taxes -€4,609
down €4,609 (-66.3%), from €6,956 to €2,347
- Depreciation +€1,132
up €1,132 (+30.0%), from €3,770 to €4,902
- Staff costs -€523
down €523 (-87.8%), from €596 to €73
- Financial charges -€390
down €390 (-67.0%), from €582 to €192
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 | €50,963 | €53,659 | +€2,696 | +5.3% |
| Fixed assets | 21/28 | €11,899 | €8,288 | -€3,611 | -30.4% |
| Tangible fixed assets | 22/27 | €11,899 | €8,288 | -€3,611 | -30.4% |
| Plant, machinery and equipment | 23 | €3,744 | €904 | -€2,840 | -75.8% |
| Furniture and vehicles | 24 | €8,155 | €7,383 | -€772 | -9.5% |
| Current assets | 29/58 | €39,064 | €45,371 | +€6,307 | +16.1% |
| Stocks and contracts in progress | 3 | €4,471 | €1,532 | -€2,939 | -65.7% |
| Stocks | 30/36 | €4,471 | €1,532 | -€2,939 | -65.7% |
| Amounts receivable within one year | 40/41 | €13,926 | €17,669 | +€3,743 | +26.9% |
| Trade receivables | 40 | €10,118 | €8,795 | -€1,323 | -13.1% |
| Other amounts receivable | 41 | €3,807 | €8,874 | +€5,066 | +133.1% |
| Cash at bank and in hand | 54/58 | €20,514 | €26,017 | +€5,502 | +26.8% |
| Deferred charges and accrued income | 490/1 | €153 | €154 | +€1 | +0.4% |
| Total equity and liabilities | 10/49 | €50,963 | €53,659 | +€2,696 | +5.3% |
| Equity | 10/15 | €45,128 | €50,448 | +€5,320 | +11.8% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €42,128 | €47,448 | +€5,320 | +12.6% |
| Distributable reserves | 133 | €42,128 | €47,448 | +€5,320 | +12.6% |
| Amounts payable | 17/49 | €5,835 | €3,211 | -€2,624 | -45.0% |
| Amounts payable within one year | 42/48 | €5,835 | €3,086 | -€2,749 | -47.1% |
| Trade debts | 44 | €5,265 | €2,577 | -€2,687 | -51.0% |
| Suppliers | 440/4 | €5,265 | €2,577 | -€2,687 | -51.0% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €570 | €509 | -€62 | -10.8% |
| Accrued charges and deferred income | 492/3 | - | €125 | +€125 | |
| Remuneration, social security and pensions | 62 | €596 | €73 | -€523 | -87.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,770 | €4,902 | +€1,132 | +30.0% |
| Other operating charges | 640/8 | €0 | €144 | +€144 | |
| Gross operating margin | 9900 | €29,504 | €12,935 | -€16,569 | -56.2% |
| Operating profit (loss) | 9901 | €25,138 | €7,816 | -€17,322 | -68.9% |
| Financial income | 75/76B | €0 | €42 | +€42 | |
| Recurring financial income | 75 | €0 | €42 | +€42 | |
| Financial charges | 65/66B | €582 | €192 | -€390 | -67.0% |
| Recurring financial charges | 65 | €582 | €192 | -€390 | -67.0% |
| Profit (loss) for the period before taxes | 9903 | €24,556 | €7,667 | -€16,890 | -68.8% |
| Income taxes | 67/77 | €6,956 | €2,347 | -€4,609 | -66.3% |
| Profit (loss) for the period | 9904 | €17,600 | €5,320 | -€12,280 | -69.8% |
| Profit (loss) for the period to be appropriated | 9905 | €17,600 | €5,320 | -€12,280 | -69.8% |
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.