ELH Management: 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 Management
Largest movements
- Tangible fixed assets -€772
down €772 (-82.3%), from €937 to €165
- Receivables within one year -€657
down €657 (-19.1%), from €3,445 to €2,788
- Cash +€213
up €213 (+966%), from €22 to €235
mainly Depreciation (+€771) and Receivables within one year (+€657)
- Profit (loss) carried forward -€1,320
down €1,320 (-82.4%), from €1,602 to €282
- Tax, wage and social debts +€115
new in 2025: €115
- Gross operating margin +€672
up €672 (+52.2%), from -€1,287 to -€615
- Depreciation -€75
down €75 (-8.9%), from €846 to €771
- Financial charges +€23
up €23 (+18.8%), from €120 to €143
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 | €4,602 | €3,397 | -€1,205 | -26.2% |
| Fixed assets | 21/28 | €937 | €165 | -€772 | -82.3% |
| Tangible fixed assets | 22/27 | €937 | €165 | -€772 | -82.3% |
| Furniture and vehicles | 24 | €937 | €165 | -€772 | -82.3% |
| Current assets | 29/58 | €3,665 | €3,232 | -€433 | -11.8% |
| Amounts receivable within one year | 40/41 | €3,445 | €2,788 | -€657 | -19.1% |
| Other amounts receivable | 41 | €3,445 | €2,788 | -€657 | -19.1% |
| Cash at bank and in hand | 54/58 | €22 | €235 | +€213 | +966% |
| Deferred charges and accrued income | 490/1 | €198 | €209 | +€11 | +5.4% |
| Total equity and liabilities | 10/49 | €4,602 | €3,397 | -€1,205 | -26.2% |
| Equity | 10/15 | €4,602 | €3,282 | -€1,320 | -28.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,602 | €282 | -€1,320 | -82.4% |
| Amounts payable | 17/49 | - | €115 | +€115 | |
| Amounts payable within one year | 42/48 | - | €115 | +€115 | |
| Taxes, remuneration and social security | 45 | - | €115 | +€115 | |
| Taxes | 450/3 | - | €115 | +€115 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €846 | €771 | -€75 | -8.9% |
| Gross operating margin | 9900 | -€1,287 | -€615 | +€672 | +52.2% |
| Operating profit (loss) | 9901 | -€2,133 | -€1,386 | +€747 | +35.0% |
| Financial income | 75/76B | €198 | €209 | +€11 | +5.4% |
| Recurring financial income | 75 | €198 | €209 | +€11 | +5.4% |
| Financial charges | 65/66B | €120 | €143 | +€23 | +18.8% |
| Recurring financial charges | 65 | €120 | €143 | +€23 | +18.8% |
| Profit (loss) for the period before taxes | 9903 | -€2,055 | -€1,320 | +€735 | +35.8% |
| Profit (loss) for the period | 9904 | -€2,055 | -€1,320 | +€735 | +35.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,055 | -€1,320 | +€735 | +35.8% |
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 27 October 2026 via checked.be.