ELIA KAPSALON: 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.
ELIA KAPSALON
Largest movements
- Receivables within one year +€4,518
up €4,518 (+43.6%), from €10,352 to €14,870
of which Trade receivables: +€2,400
- Tax, wage and social debts +€10,407
up €10,407 (+71.6%), from €14,539 to €24,945
of which Taxes: +€10,016
- Profit (loss) carried forward -€4,909
down €4,909 (-426.3%), from -€1,152 to -€6,061
- Trade debts -€1,173
down €1,173 (-88.3%), from €1,328 to €155
- Gross operating margin -€30,315
down €30,315, from €27,228 to -€3,087
- Staff costs -€25,952
down €25,952 (-93.6%), from €27,713 to €1,761
- Financial income -€538
no longer reported in 2025 (was €538)
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 | €15,329 | €19,653 | +€4,324 | +28.2% |
| Current assets | 29/58 | €15,329 | €19,653 | +€4,324 | +28.2% |
| Amounts receivable within one year | 40/41 | €10,352 | €14,870 | +€4,518 | +43.6% |
| Trade receivables | 40 | €1,213 | €3,614 | +€2,400 | +197.9% |
| Other amounts receivable | 41 | €9,139 | €11,256 | +€2,117 | +23.2% |
| Cash at bank and in hand | 54/58 | €4,976 | €4,783 | -€194 | -3.9% |
| Total equity and liabilities | 10/49 | €15,329 | €19,653 | +€4,324 | +28.2% |
| Equity | 10/15 | -€538 | -€5,448 | -€4,909 | -911.9% |
| Contributions | 10/11 | €613 | €613 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,152 | -€6,061 | -€4,909 | -426.3% |
| Amounts payable | 17/49 | €15,867 | €25,100 | +€9,233 | +58.2% |
| Amounts payable within one year | 42/48 | €15,867 | €25,100 | +€9,233 | +58.2% |
| Trade debts | 44 | €1,328 | €155 | -€1,173 | -88.3% |
| Suppliers | 440/4 | €1,328 | €155 | -€1,173 | -88.3% |
| Taxes, remuneration and social security | 45 | €14,539 | €24,945 | +€10,407 | +71.6% |
| Taxes | 450/3 | €14,539 | €24,555 | +€10,016 | +68.9% |
| Remuneration and social security | 454/9 | - | €391 | +€391 | |
| Remuneration, social security and pensions | 62 | €27,713 | €1,761 | -€25,952 | -93.6% |
| Other operating charges | 640/8 | €9 | - | -€9 | |
| Gross operating margin | 9900 | €27,228 | -€3,087 | -€30,315 | |
| Operating profit (loss) | 9901 | -€495 | -€4,849 | -€4,354 | -880.3% |
| Financial income | 75/76B | €538 | - | -€538 | |
| Recurring financial income | 75 | €538 | - | -€538 | |
| Financial charges | 65/66B | €60 | €61 | +€1 | +1.3% |
| Recurring financial charges | 65 | €60 | €61 | +€1 | +1.3% |
| Profit (loss) for the period before taxes | 9903 | -€17 | -€4,909 | -€4,892 | -28610.0% |
| Profit (loss) for the period | 9904 | -€17 | -€4,909 | -€4,892 | -28610.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€17 | -€4,909 | -€4,892 | -28610.0% |
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 12 October 2026 via checked.be.