ELK: 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.
ELK
Largest movements
- Tangible fixed assets -€12,903
down €12,903 (-5.0%), from €256,819 to €243,916
of which Land and buildings: -€12,160
- Cash +€6,233
up €6,233 (+1,583%), from €394 to €6,627
mainly Depreciation (+€12,903) and Trade debts (+€2,410)
- Reserves -€10,658
down €10,658 (-4.1%), from €257,729 to €247,071
of which Distributable reserves: -€10,658
- Depreciation -€8,604
down €8,604 (-40.0%), from €21,508 to €12,903
- Gross operating margin -€7,318
down €7,318 (-64.0%), from €11,429 to €4,111
- Other operating charges -€374
down €374 (-17.0%), from €2,195 to €1,821
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 | €264,096 | €257,549 | -€6,547 | -2.5% |
| Fixed assets | 21/28 | €256,819 | €243,916 | -€12,903 | -5.0% |
| Tangible fixed assets | 22/27 | €256,819 | €243,916 | -€12,903 | -5.0% |
| Land and buildings | 22 | €256,075 | €243,916 | -€12,160 | -4.7% |
| Other tangible fixed assets | 26 | €744 | - | -€744 | |
| Current assets | 29/58 | €7,277 | €13,634 | +€6,356 | +87.3% |
| Amounts receivable within one year | 40/41 | €6,883 | €4,500 | -€2,383 | -34.6% |
| Other amounts receivable | 41 | €6,883 | €4,500 | -€2,383 | -34.6% |
| Cash at bank and in hand | 54/58 | €394 | €6,627 | +€6,233 | +1,583% |
| Deferred charges and accrued income | 490/1 | - | €2,507 | +€2,507 | |
| Total equity and liabilities | 10/49 | €264,096 | €257,549 | -€6,547 | -2.5% |
| Equity | 10/15 | €263,929 | €253,271 | -€10,658 | -4.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Contributions outside capital | 11 | €6,200 | €6,200 | = | 0.0% |
| Other | 1109/19 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €257,729 | €247,071 | -€10,658 | -4.1% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €255,869 | €245,211 | -€10,658 | -4.2% |
| Amounts payable | 17/49 | €167 | €4,278 | +€4,111 | +2,460% |
| Amounts payable within one year | 42/48 | €167 | €2,577 | +€2,410 | +1,442% |
| Trade debts | 44 | - | €2,410 | +€2,410 | |
| Suppliers | 440/4 | - | €2,410 | +€2,410 | |
| Other amounts payable | 47/48 | €167 | €167 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | - | €1,701 | +€1,701 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,508 | €12,903 | -€8,604 | -40.0% |
| Other operating charges | 640/8 | €2,195 | €1,821 | -€374 | -17.0% |
| Gross operating margin | 9900 | €11,429 | €4,111 | -€7,318 | -64.0% |
| Operating profit (loss) | 9901 | -€12,273 | -€10,613 | +€1,660 | +13.5% |
| Financial charges | 65/66B | €51 | €45 | -€6 | -11.8% |
| Recurring financial charges | 65 | €51 | €45 | -€6 | -11.8% |
| Profit (loss) for the period before taxes | 9903 | -€12,324 | -€10,658 | +€1,666 | +13.5% |
| Profit (loss) for the period | 9904 | -€12,324 | -€10,658 | +€1,666 | +13.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€12,324 | -€10,658 | +€1,666 | +13.5% |
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.