ELKAA: 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.
ELKAA
Largest movements
- Receivables within one year +€34,426
up €34,426 (+2937.9%), from €1,172 to €35,598
of which Trade receivables: +€35,137
- Cash +€32,486
up €32,486 (+109.2%), from €29,741 to €62,227
mainly Net result for the year (+€38,590) and Tax, wage and social debts (+€19,746)
- Reserves +€47,238
new in 2025: €47,238
- Tax, wage and social debts +€19,746
up €19,746 (+84.8%), from €23,299 to €43,045
of which Taxes: +€10,606
- Trade debts +€13,708
up €13,708 (+920.9%), from €1,488 to €15,196
- Profit (loss) carried forward -€8,648
no longer reported in 2025 (was €8,648)
- Other debts -€4,125
down €4,125 (-30.9%), from €13,347 to €9,221
- Gross operating margin +€75,861
up €75,861 (+221.6%), from €34,230 to €110,092
- Staff costs +€35,969
up €35,969 (+190.1%), from €18,919 to €54,888
- Taxes +€8,119
up €8,119 (+433.5%), from €1,873 to €9,992
- Financial charges +€3,375
up €3,375 (+156.1%), from €2,162 to €5,537
- Depreciation -€2,864
down €2,864 (-86.2%), from €3,323 to €459
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 | €49,782 | €117,700 | +€67,918 | +136.4% |
| Formation expenses | 20 | - | €0 | = | |
| Fixed assets | 21/28 | €18,870 | €19,876 | +€1,006 | +5.3% |
| Tangible fixed assets | 22/27 | €5,440 | €6,446 | +€1,006 | +18.5% |
| Land and buildings | 22 | - | €4,872 | +€4,872 | |
| Plant, machinery and equipment | 23 | €679 | €1,574 | +€894 | +131.6% |
| Furniture and vehicles | 24 | €4,760 | - | -€4,760 | |
| Financial fixed assets | 28 | €13,430 | €13,430 | = | 0.0% |
| Current assets | 29/58 | €30,913 | €97,825 | +€66,912 | +216.5% |
| Amounts receivable within one year | 40/41 | €1,172 | €35,598 | +€34,426 | +2937.9% |
| Trade receivables | 40 | - | €35,137 | +€35,137 | |
| Other amounts receivable | 41 | €1,172 | €461 | -€711 | -60.7% |
| Cash at bank and in hand | 54/58 | €29,741 | €62,227 | +€32,486 | +109.2% |
| Total equity and liabilities | 10/49 | €49,782 | €117,700 | +€67,918 | +136.4% |
| Equity | 10/15 | €11,648 | €50,238 | +€38,590 | +331.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | - | €47,238 | +€47,238 | |
| Distributable reserves | 133 | - | €47,238 | +€47,238 | |
| Profit (loss) carried forward | 14 | €8,648 | - | -€8,648 | |
| Amounts payable | 17/49 | €38,134 | €67,463 | +€29,328 | +76.9% |
| Amounts payable within one year | 42/48 | €38,134 | €67,463 | +€29,328 | +76.9% |
| Trade debts | 44 | €1,488 | €15,196 | +€13,708 | +920.9% |
| Suppliers | 440/4 | €1,488 | €15,196 | +€13,708 | +920.9% |
| Taxes, remuneration and social security | 45 | €23,299 | €43,045 | +€19,746 | +84.8% |
| Taxes | 450/3 | €11,884 | €22,490 | +€10,606 | +89.3% |
| Remuneration and social security | 454/9 | €11,416 | €20,555 | +€9,140 | +80.1% |
| Other amounts payable | 47/48 | €13,347 | €9,221 | -€4,125 | -30.9% |
| Non-recurring operating income | 76A | - | €740 | +€740 | |
| Remuneration, social security and pensions | 62 | €18,919 | €54,888 | +€35,969 | +190.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,323 | €459 | -€2,864 | -86.2% |
| Other operating charges | 640/8 | €584 | €625 | +€41 | +7.1% |
| Gross operating margin | 9900 | €34,230 | €110,092 | +€75,861 | +221.6% |
| Operating profit (loss) | 9901 | €11,405 | €54,119 | +€42,714 | +374.5% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €2,162 | €5,537 | +€3,375 | +156.1% |
| Recurring financial charges | 65 | €2,162 | €5,537 | +€3,375 | +156.1% |
| Profit (loss) for the period before taxes | 9903 | €9,244 | €48,582 | +€39,338 | +425.6% |
| Income taxes | 67/77 | €1,873 | €9,992 | +€8,119 | +433.5% |
| Profit (loss) for the period | 9904 | €7,371 | €38,590 | +€31,219 | +423.6% |
| Profit (loss) for the period to be appropriated | 9905 | €7,371 | €38,590 | +€31,219 | +423.6% |
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 9 October 2026 via checked.be.