ELKAR: 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.
ELKAR
Largest movements
- Current investments +€600,786
up €600,786 (+1220.8%), from €49,214 to €650,000
- Cash -€579,633
down €579,633 (-62.9%), from €921,531 to €341,898
mainly Current investments (-€600,786) and Contributions, distributions and other (-€43,500)
- Deferred charges and accrued income +€27,701
up €27,701 (+71.2%), from €38,913 to €66,614
- Reserves +€68,075
up €68,075 (+12.3%), from €553,198 to €621,274
- Tax, wage and social debts -€39,441
down €39,441 (-74.5%), from €52,975 to €13,534
of which Taxes: -€38,191
- Other debts +€27,240
new in 2025: €27,240
- Gross operating margin +€22,788
up €22,788 (+14.8%), from €154,116 to €176,904
- Taxes +€4,228
up €4,228 (+9.1%), from €46,681 to €50,909
- Depreciation +€3,411
up €3,411 (+36.8%), from €9,277 to €12,689
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 | €1,026,844 | €1,084,212 | +€57,368 | +5.6% |
| Fixed assets | 21/28 | €12,561 | €19,497 | +€6,936 | +55.2% |
| Tangible fixed assets | 22/27 | €12,561 | €19,497 | +€6,936 | +55.2% |
| Plant, machinery and equipment | 23 | €623 | €575 | -€48 | -7.7% |
| Furniture and vehicles | 24 | €10,228 | €17,212 | +€6,984 | +68.3% |
| Other tangible fixed assets | 26 | €1,710 | €1,710 | = | 0.0% |
| Current assets | 29/58 | €1,014,282 | €1,064,714 | +€50,432 | +5.0% |
| Amounts receivable within one year | 40/41 | €4,624 | €6,202 | +€1,578 | +34.1% |
| Trade receivables | 40 | €1,201 | €953 | -€248 | -20.6% |
| Other amounts receivable | 41 | €3,423 | €5,249 | +€1,826 | +53.3% |
| Current investments | 50/53 | €49,214 | €650,000 | +€600,786 | +1220.8% |
| Cash at bank and in hand | 54/58 | €921,531 | €341,898 | -€579,633 | -62.9% |
| Deferred charges and accrued income | 490/1 | €38,913 | €66,614 | +€27,701 | +71.2% |
| Total equity and liabilities | 10/49 | €1,026,844 | €1,084,212 | +€57,368 | +5.6% |
| Equity | 10/15 | €941,314 | €1,009,390 | +€68,075 | +7.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €553,198 | €621,274 | +€68,075 | +12.3% |
| Distributable reserves | 133 | €553,198 | €621,274 | +€68,075 | +12.3% |
| Profit (loss) carried forward | 14 | €381,916 | €381,916 | = | 0.0% |
| Provisions and deferred taxes | 16 | €28,323 | €28,323 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €28,323 | €28,323 | = | 0.0% |
| Pensions and similar obligations | 160 | €28,323 | €28,323 | = | 0.0% |
| Amounts payable | 17/49 | €57,207 | €46,499 | -€10,707 | -18.7% |
| Amounts payable within one year | 42/48 | €57,207 | €46,499 | -€10,707 | -18.7% |
| Trade debts | 44 | €4,231 | €5,726 | +€1,495 | +35.3% |
| Suppliers | 440/4 | €4,231 | €5,726 | +€1,495 | +35.3% |
| Taxes, remuneration and social security | 45 | €52,975 | €13,534 | -€39,441 | -74.5% |
| Taxes | 450/3 | €51,725 | €13,534 | -€38,191 | -73.8% |
| Remuneration and social security | 454/9 | €1,250 | - | -€1,250 | |
| Other amounts payable | 47/48 | - | €27,240 | +€27,240 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,277 | €12,689 | +€3,411 | +36.8% |
| Other operating charges | 640/8 | €1,586 | €1,781 | +€195 | +12.3% |
| Gross operating margin | 9900 | €154,116 | €176,904 | +€22,788 | +14.8% |
| Operating profit (loss) | 9901 | €143,252 | €162,434 | +€19,182 | +13.4% |
| Financial income | 75/76B | €6 | €587 | +€581 | +10417.2% |
| Recurring financial income | 75 | €6 | €587 | +€581 | +10417.2% |
| Financial charges | 65/66B | €1,034 | €537 | -€497 | -48.1% |
| Recurring financial charges | 65 | €1,034 | €537 | -€497 | -48.1% |
| Profit (loss) for the period before taxes | 9903 | €142,224 | €162,484 | +€20,260 | +14.2% |
| Income taxes | 67/77 | €46,681 | €50,909 | +€4,228 | +9.1% |
| Profit (loss) for the period | 9904 | €95,543 | €111,575 | +€16,032 | +16.8% |
| Profit (loss) for the period to be appropriated | 9905 | €95,543 | €111,575 | +€16,032 | +16.8% |
Source: filed annual accounts (NBB), fiscal years ended 29 February 2024 and 28 February 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.