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
- Stocks and contracts +€48,888
up €48,888 (+13.2%), from €369,872 to €418,760
- Tangible fixed assets -€41,152
down €41,152 (-5.5%), from €747,188 to €706,036
of which Land and buildings: -€37,750
- Receivables within one year +€24,261
up €24,261 (+119.8%), from €20,246 to €44,507
of which Trade receivables: +€24,261
- Debts after one year -€67,213
down €67,213 (-6.9%), from €976,219 to €909,006
- Profit (loss) carried forward +€38,534
up €38,534 (+71.0%), from -€54,276 to -€15,741
- Trade debts +€26,365
up €26,365 (+126.2%), from €20,893 to €47,257
- Other debts +€25,453
up €25,453 (+17.5%), from €145,526 to €170,980
- Current portion of long-term debt +€12,583
up €12,583 (+23.0%), from €54,630 to €67,213
- Gross operating margin +€137,154
up €137,154, from -€12,875 to €124,279
- Financial charges +€24,235
up €24,235 (+129.2%), from €18,763 to €42,998
- Depreciation +€19,205
up €19,205 (+87.5%), from €21,947 to €41,152
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 | €1,162,693 | €1,199,333 | +€36,641 | +3.2% |
| Fixed assets | 21/28 | €747,188 | €706,036 | -€41,152 | -5.5% |
| Tangible fixed assets | 22/27 | €747,188 | €706,036 | -€41,152 | -5.5% |
| Land and buildings | 22 | €734,625 | €696,875 | -€37,750 | -5.1% |
| Plant, machinery and equipment | 23 | €12,562 | €9,160 | -€3,402 | -27.1% |
| Current assets | 29/58 | €415,505 | €493,298 | +€77,793 | +18.7% |
| Stocks and contracts in progress | 3 | €369,872 | €418,760 | +€48,888 | +13.2% |
| Stocks | 30/36 | €369,872 | €418,760 | +€48,888 | +13.2% |
| Amounts receivable within one year | 40/41 | €20,246 | €44,507 | +€24,261 | +119.8% |
| Trade receivables | 40 | €20,226 | €44,487 | +€24,261 | +119.9% |
| Other amounts receivable | 41 | €20 | €20 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €24,291 | €28,840 | +€4,549 | +18.7% |
| Deferred charges and accrued income | 490/1 | €1,096 | €1,190 | +€94 | +8.6% |
| Total equity and liabilities | 10/49 | €1,162,693 | €1,199,333 | +€36,641 | +3.2% |
| Equity | 10/15 | -€44,276 | -€5,741 | +€38,534 | +87.0% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€54,276 | -€15,741 | +€38,534 | +71.0% |
| Amounts payable | 17/49 | €1,206,969 | €1,205,075 | -€1,894 | -0.2% |
| Amounts payable after more than one year | 17 | €976,219 | €909,006 | -€67,213 | -6.9% |
| Financial debts | 170/4 | €976,219 | €909,006 | -€67,213 | -6.9% |
| Amounts payable within one year | 42/48 | €230,749 | €296,069 | +€65,319 | +28.3% |
| Current portion of amounts payable after more than one year | 42 | €54,630 | €67,213 | +€12,583 | +23.0% |
| Trade debts | 44 | €20,893 | €47,257 | +€26,365 | +126.2% |
| Suppliers | 440/4 | €20,893 | €47,257 | +€26,365 | +126.2% |
| Taxes, remuneration and social security | 45 | €9,700 | €10,618 | +€918 | +9.5% |
| Taxes | 450/3 | €4,700 | €10,618 | +€5,918 | +125.9% |
| Remuneration and social security | 454/9 | €5,000 | €0 | -€5,000 | -100.0% |
| Other amounts payable | 47/48 | €145,526 | €170,980 | +€25,453 | +17.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,947 | €41,152 | +€19,205 | +87.5% |
| Other operating charges | 640/8 | €737 | €1,597 | +€860 | +116.8% |
| Gross operating margin | 9900 | -€12,875 | €124,279 | +€137,154 | |
| Operating profit (loss) | 9901 | -€35,559 | €81,530 | +€117,089 | |
| Financial income | 75/76B | €46 | €2 | -€44 | -95.8% |
| Recurring financial income | 75 | €46 | €2 | -€44 | -95.8% |
| Financial charges | 65/66B | €18,763 | €42,998 | +€24,235 | +129.2% |
| Recurring financial charges | 65 | €18,763 | €42,998 | +€24,235 | +129.2% |
| Profit (loss) for the period before taxes | 9903 | -€54,276 | €38,534 | +€92,810 | |
| Profit (loss) for the period | 9904 | -€54,276 | €38,534 | +€92,810 | |
| Profit (loss) for the period to be appropriated | 9905 | -€54,276 | €38,534 | +€92,810 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.