ELH GROUP: 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.
ELH GROUP
Largest movements
- Tangible fixed assets -€2,825
down €2,825 (-39.9%), from €7,072 to €4,247
- Profit (loss) carried forward -€2,262
down €2,262 (-19.7%), from -€11,454 to -€13,715
- Trade debts -€1,431
down €1,431 (-15.2%), from €9,425 to €7,995
- Other debts +€1,271
up €1,271 (+14.5%), from €8,773 to €10,044
- Advances received +€1,150
new in 2025: €1,150
- Tax, wage and social debts -€652
down €652 (-41.5%), from €1,573 to €921
- Turnover +€34,537
new in 2025: €34,537
- Purchases and services +€32,881
new in 2025: €32,881
- Gross operating margin -€3,435
down €3,435 (-57.1%), from €6,020 to €2,586
- Depreciation -€871
down €871 (-23.6%), from €3,696 to €2,825
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 | €19,038 | €16,394 | -€2,644 | -13.9% |
| Fixed assets | 21/28 | €7,072 | €4,247 | -€2,825 | -39.9% |
| Tangible fixed assets | 22/27 | €7,072 | €4,247 | -€2,825 | -39.9% |
| Furniture and vehicles | 24 | €7,072 | €4,247 | -€2,825 | -39.9% |
| Current assets | 29/58 | €11,966 | €12,147 | +€181 | +1.5% |
| Stocks and contracts in progress | 3 | €1,500 | €1,500 | = | 0.0% |
| Stocks | 30/36 | €1,500 | €1,500 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €10,466 | €10,647 | +€181 | +1.7% |
| Total equity and liabilities | 10/49 | €19,038 | €16,394 | -€2,644 | -13.9% |
| Equity | 10/15 | -€1,454 | -€3,715 | -€2,262 | -156% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€11,454 | -€13,715 | -€2,262 | -19.7% |
| Amounts payable | 17/49 | €20,491 | €20,109 | -€382 | -1.9% |
| Amounts payable after more than one year | 17 | €70 | - | -€70 | |
| Trade debts | 175 | €70 | - | -€70 | |
| Amounts payable within one year | 42/48 | €20,421 | €20,109 | -€312 | -1.5% |
| Current portion of amounts payable after more than one year | 42 | €650 | - | -€650 | |
| Trade debts | 44 | €9,425 | €7,995 | -€1,431 | -15.2% |
| Suppliers | 440/4 | €9,425 | €7,995 | -€1,431 | -15.2% |
| Advances received on contracts in progress | 46 | - | €1,150 | +€1,150 | |
| Taxes, remuneration and social security | 45 | €1,573 | €921 | -€652 | -41.5% |
| Taxes | 450/3 | €1,573 | €921 | -€652 | -41.5% |
| Other amounts payable | 47/48 | €8,773 | €10,044 | +€1,271 | +14.5% |
| Turnover | 70 | - | €34,537 | +€34,537 | |
| Non-recurring operating income | 76A | - | €930 | +€930 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €32,881 | +€32,881 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,696 | €2,825 | -€871 | -23.6% |
| Other operating charges | 640/8 | €1,905 | €1,825 | -€80 | -4.2% |
| Gross operating margin | 9900 | €6,020 | €2,586 | -€3,435 | -57.1% |
| Operating profit (loss) | 9901 | €420 | -€2,064 | -€2,484 | |
| Financial charges | 65/66B | €173 | €197 | +€24 | +13.8% |
| Recurring financial charges | 65 | €173 | €197 | +€24 | +13.8% |
| Profit (loss) for the period before taxes | 9903 | €246 | -€2,262 | -€2,508 | |
| Profit (loss) for the period | 9904 | €246 | -€2,262 | -€2,508 | |
| Profit (loss) for the period to be appropriated | 9905 | €246 | -€2,262 | -€2,508 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.