ELKA: 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.
ELKA
Largest movements
- Current investments +€256,445
up €256,445 (+557.7%), from €45,987 to €302,432
- Cash -€148,982
down €148,982 (-16.1%), from €927,379 to €778,397
mainly Current investments (-€256,445) and Trade debts (-€96,736)
- Receivables within one year +€66,431
up €66,431 (+21.5%), from €308,376 to €374,807
of which Trade receivables: +€65,087
- Tangible fixed assets -€27,828
down €27,828 (-14.9%), from €186,484 to €158,656
of which Land and buildings: -€17,309
- Reserves +€262,744
up €262,744 (+39.0%), from €673,290 to €936,035
of which Distributable reserves: +€262,744
- Trade debts -€96,736
down €96,736 (-16.7%), from €578,121 to €481,385
- Other debts -€42,621
down €42,621 (-12.4%), from €342,820 to €300,199
- Tax, wage and social debts +€30,859
up €30,859 (+41.6%), from €74,193 to €105,052
of which Taxes: +€26,221
- Gross operating margin +€208,246
up €208,246 (+31.3%), from €665,611 to €873,857
- Staff costs +€73,276
up €73,276 (+19.1%), from €383,221 to €456,497
- Taxes +€40,129
up €40,129 (+74.9%), from €53,591 to €93,720
- Financial charges -€20,512
down €20,512 (-85.5%), from €24,002 to €3,490
- Depreciation -€12,915
down €12,915 (-21.2%), from €60,811 to €47,896
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 | €2,107,348 | €2,246,281 | +€138,933 | +6.6% |
| Fixed assets | 21/28 | €186,645 | €158,817 | -€27,828 | -14.9% |
| Tangible fixed assets | 22/27 | €186,484 | €158,656 | -€27,828 | -14.9% |
| Land and buildings | 22 | €66,199 | €48,890 | -€17,309 | -26.1% |
| Plant, machinery and equipment | 23 | €108,657 | €103,822 | -€4,834 | -4.4% |
| Furniture and vehicles | 24 | €11,629 | €5,943 | -€5,685 | -48.9% |
| Financial fixed assets | 28 | €161 | €161 | = | 0.0% |
| Current assets | 29/58 | €1,920,703 | €2,087,464 | +€166,762 | +8.7% |
| Stocks and contracts in progress | 3 | €582,247 | €565,406 | -€16,841 | -2.9% |
| Stocks | 30/36 | €582,247 | €565,406 | -€16,841 | -2.9% |
| Amounts receivable within one year | 40/41 | €308,376 | €374,807 | +€66,431 | +21.5% |
| Trade receivables | 40 | €278,049 | €343,136 | +€65,087 | +23.4% |
| Other amounts receivable | 41 | €30,328 | €31,672 | +€1,344 | +4.4% |
| Current investments | 50/53 | €45,987 | €302,432 | +€256,445 | +557.7% |
| Cash at bank and in hand | 54/58 | €927,379 | €778,397 | -€148,982 | -16.1% |
| Deferred charges and accrued income | 490/1 | €56,714 | €66,422 | +€9,709 | +17.1% |
| Total equity and liabilities | 10/49 | €2,107,348 | €2,246,281 | +€138,933 | +6.6% |
| Equity | 10/15 | €1,073,290 | €1,336,035 | +€262,744 | +24.5% |
| Contributions | 10/11 | €400,000 | €400,000 | = | 0.0% |
| Reserves | 13 | €673,290 | €936,035 | +€262,744 | +39.0% |
| Non-distributable reserves | 130/1 | €40,000 | €40,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €40,000 | €40,000 | = | 0.0% |
| Distributable reserves | 133 | €633,290 | €896,035 | +€262,744 | +41.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €1,034,058 | €910,247 | -€123,811 | -12.0% |
| Amounts payable within one year | 42/48 | €995,134 | €886,636 | -€108,499 | -10.9% |
| Trade debts | 44 | €578,121 | €481,385 | -€96,736 | -16.7% |
| Suppliers | 440/4 | €578,121 | €481,385 | -€96,736 | -16.7% |
| Taxes, remuneration and social security | 45 | €74,193 | €105,052 | +€30,859 | +41.6% |
| Taxes | 450/3 | €27,457 | €53,679 | +€26,221 | +95.5% |
| Remuneration and social security | 454/9 | €46,736 | €51,373 | +€4,638 | +9.9% |
| Other amounts payable | 47/48 | €342,820 | €300,199 | -€42,621 | -12.4% |
| Accrued charges and deferred income | 492/3 | €38,923 | €23,611 | -€15,312 | -39.3% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €383,221 | €456,497 | +€73,276 | +19.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €60,811 | €47,896 | -€12,915 | -21.2% |
| Other operating charges | 640/8 | €27,030 | €21,067 | -€5,963 | -22.1% |
| Non-recurring operating charges | 66A | - | €235 | +€235 | |
| Gross operating margin | 9900 | €665,611 | €873,857 | +€208,246 | +31.3% |
| Operating profit (loss) | 9901 | €194,549 | €348,163 | +€153,614 | +79.0% |
| Financial income | 75/76B | €8,882 | €11,792 | +€2,910 | +32.8% |
| Recurring financial income | 75 | €8,882 | €11,792 | +€2,910 | +32.8% |
| Financial charges | 65/66B | €24,002 | €3,490 | -€20,512 | -85.5% |
| Recurring financial charges | 65 | €24,002 | €3,490 | -€20,512 | -85.5% |
| Profit (loss) for the period before taxes | 9903 | €179,428 | €356,464 | +€177,036 | +98.7% |
| Income taxes | 67/77 | €53,591 | €93,720 | +€40,129 | +74.9% |
| Profit (loss) for the period | 9904 | €125,837 | €262,744 | +€136,907 | +108.8% |
| Transfer from tax-exempt reserves | 789 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €125,837 | €262,744 | +€136,907 | +108.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 January 2024 and 31 January 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.