ELJA: 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.
ELJA
Largest movements
- Current investments -€50,000
no longer reported in 2025 (was €50,000)
- Tangible fixed assets -€30,155
down €30,155 (-3.8%), from €798,778 to €768,623
of which Land and buildings: -€28,402
- Debts after one year -€90,596
down €90,596 (-31.9%), from €283,604 to €193,009
- Profit (loss) carried forward +€46,648
up €46,648 (+33.1%), from -€140,819 to -€94,171
- Reserves -€41,415
down €41,415 (-21.1%), from €196,158 to €154,743
of which Distributable reserves: -€35,492
- Current portion of long-term debt -€10,619
down €10,619 (-22.5%), from €47,191 to €36,572
- Other debts +€9,963
up €9,963 (+195.0%), from €5,110 to €15,073
- Gross operating margin -€8,405
down €8,405 (-14.9%), from €56,474 to €48,069
- Depreciation -€7,137
down €7,137 (-19.1%), from €37,290 to €30,153
- Other operating charges -€3,914
down €3,914 (-58.6%), from €6,680 to €2,766
- Financial charges -€2,683
down €2,683 (-32.9%), from €8,159 to €5,476
- Taxes +€1,865
up €1,865 (+41.4%), from €4,508 to €6,373
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 | €871,194 | €779,829 | -€91,365 | -10.5% |
| Fixed assets | 21/28 | €798,778 | €768,623 | -€30,155 | -3.8% |
| Tangible fixed assets | 22/27 | €798,778 | €768,623 | -€30,155 | -3.8% |
| Land and buildings | 22 | €795,869 | €767,467 | -€28,402 | -3.6% |
| Plant, machinery and equipment | 23 | €1,107 | €935 | -€172 | -15.5% |
| Furniture and vehicles | 24 | €1,802 | €221 | -€1,581 | -87.7% |
| Current assets | 29/58 | €72,416 | €11,205 | -€61,211 | -84.5% |
| Amounts receivable within one year | 40/41 | €14,720 | €7,865 | -€6,855 | -46.6% |
| Trade receivables | 40 | €14,520 | €7,865 | -€6,655 | -45.8% |
| Other amounts receivable | 41 | €200 | - | -€200 | |
| Current investments | 50/53 | €50,000 | - | -€50,000 | |
| Cash at bank and in hand | 54/58 | €7,696 | €3,340 | -€4,356 | -56.6% |
| Total equity and liabilities | 10/49 | €871,194 | €779,829 | -€91,365 | -10.5% |
| Equity | 10/15 | €432,340 | €437,572 | +€5,233 | +1.2% |
| Contributions | 10/11 | €92,000 | €92,000 | = | 0.0% |
| Revaluation surpluses | 12 | €285,000 | €285,000 | = | 0.0% |
| Reserves | 13 | €196,158 | €154,743 | -€41,415 | -21.1% |
| Tax-exempt reserves | 132 | €160,666 | €154,743 | -€5,923 | -3.7% |
| Distributable reserves | 133 | €35,492 | - | -€35,492 | |
| Profit (loss) carried forward | 14 | -€140,819 | -€94,171 | +€46,648 | +33.1% |
| Provisions and deferred taxes | 16 | €40,166 | €38,686 | -€1,481 | -3.7% |
| Deferred taxes | 168 | €40,166 | €38,686 | -€1,481 | -3.7% |
| Amounts payable | 17/49 | €398,688 | €303,571 | -€95,117 | -23.9% |
| Amounts payable after more than one year | 17 | €283,604 | €193,009 | -€90,596 | -31.9% |
| Financial debts | 170/4 | €283,604 | €193,009 | -€90,596 | -31.9% |
| Amounts payable within one year | 42/48 | €115,084 | €110,562 | -€4,522 | -3.9% |
| Current portion of amounts payable after more than one year | 42 | €47,191 | €36,572 | -€10,619 | -22.5% |
| Trade debts | 44 | €8,438 | €2,005 | -€6,433 | -76.2% |
| Suppliers | 440/4 | €8,438 | €2,005 | -€6,433 | -76.2% |
| Advances received on contracts in progress | 46 | €45,000 | €45,000 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €9,345 | €11,913 | +€2,568 | +27.5% |
| Taxes | 450/3 | €7,782 | €10,813 | +€3,031 | +39.0% |
| Remuneration and social security | 454/9 | €1,563 | €1,100 | -€463 | -29.6% |
| Other amounts payable | 47/48 | €5,110 | €15,073 | +€9,963 | +195.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,290 | €30,153 | -€7,137 | -19.1% |
| Other operating charges | 640/8 | €6,680 | €2,766 | -€3,914 | -58.6% |
| Gross operating margin | 9900 | €56,474 | €48,069 | -€8,405 | -14.9% |
| Operating profit (loss) | 9901 | €12,504 | €15,150 | +€2,647 | +21.2% |
| Financial income | 75/76B | €655 | €450 | -€205 | -31.3% |
| Recurring financial income | 75 | €655 | €450 | -€205 | -31.3% |
| Financial charges | 65/66B | €8,159 | €5,476 | -€2,683 | -32.9% |
| Recurring financial charges | 65 | €8,159 | €5,476 | -€2,683 | -32.9% |
| Profit (loss) for the period before taxes | 9903 | €5,000 | €10,125 | +€5,125 | +102.5% |
| Transfer from deferred taxes | 780 | €1,381 | €1,481 | +€99 | +7.2% |
| Income taxes | 67/77 | €4,508 | €6,373 | +€1,865 | +41.4% |
| Profit (loss) for the period | 9904 | €1,874 | €5,233 | +€3,359 | +179.3% |
| Transfer from tax-exempt reserves | 789 | €5,526 | €5,923 | +€397 | +7.2% |
| Profit (loss) for the period to be appropriated | 9905 | €7,400 | €11,156 | +€3,756 | +50.8% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.