Elhay Direct: 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.
Elhay Direct
Largest movements
No asset line moved by more than 1% of the balance sheet total.
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin -€936
no longer reported in 2025 (was €936)
- Other operating charges -€880
no longer reported in 2025 (was €880)
From the 2024 result to the 2025 result
The net result is not in both sets of accounts; without it the difference cannot be explained line by line.
Cash bridge derived
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,024 | €2,024 | = | 0.0% |
| Current assets | 29/58 | €2,024 | €2,024 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €2,024 | €2,024 | = | 0.0% |
| Total equity and liabilities | 10/49 | €2,024 | €2,024 | = | 0.0% |
| Equity | 10/15 | -€15,281 | -€15,281 | = | 0.0% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€16,781 | -€16,781 | = | 0.0% |
| Amounts payable | 17/49 | €17,304 | €17,304 | = | 0.0% |
| Amounts payable within one year | 42/48 | €17,304 | €17,304 | = | 0.0% |
| Current portion of amounts payable after more than one year | 42 | €1,250 | €1,250 | = | 0.0% |
| Trade debts | 44 | €605 | €605 | = | 0.0% |
| Suppliers | 440/4 | €605 | €605 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €6,018 | €6,018 | = | 0.0% |
| Taxes | 450/3 | €6,018 | €6,018 | = | 0.0% |
| Other amounts payable | 47/48 | €9,431 | €9,431 | = | 0.0% |
| Other operating charges | 640/8 | €880 | - | -€880 | |
| Gross operating margin | 9900 | €936 | - | -€936 | |
| Operating profit (loss) | 9901 | €56 | - | -€56 | |
| Profit (loss) for the period before taxes | 9903 | €56 | - | -€56 | |
| Profit (loss) for the period | 9904 | €56 | - | -€56 | |
| Profit (loss) for the period to be appropriated | 9905 | €56 | - | -€56 |
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 11 October 2026 via checked.be.