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
- Cash -€235,679
down €235,679 (-53.7%), from €438,755 to €203,076
mainly Other debts (-€235,672) and Contributions, distributions and other (-€140,000)
- Other debts -€235,672
down €235,672 (-45.5%), from €518,055 to €282,384
- Gross operating margin -€97,527
down €97,527 (-34.1%), from €285,769 to €188,242
- Taxes -€24,165
down €24,165 (-36.2%), from €66,735 to €42,570
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 | €552,432 | €317,535 | -€234,897 | -42.5% |
| Fixed assets | 21/28 | €5,435 | €3,739 | -€1,696 | -31.2% |
| Tangible fixed assets | 22/27 | €4,935 | €3,239 | -€1,696 | -34.4% |
| Furniture and vehicles | 24 | €2,946 | €2,236 | -€710 | -24.1% |
| Other tangible fixed assets | 26 | €1,989 | €1,003 | -€986 | -49.6% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €546,997 | €313,796 | -€233,201 | -42.6% |
| Amounts receivable within one year | 40/41 | €6,667 | €9,123 | +€2,456 | +36.8% |
| Trade receivables | 40 | €3,402 | €3,428 | +€26 | +0.8% |
| Other amounts receivable | 41 | €3,265 | €5,695 | +€2,430 | +74.4% |
| Current investments | 50/53 | €101,000 | €101,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €438,755 | €203,076 | -€235,679 | -53.7% |
| Deferred charges and accrued income | 490/1 | €575 | €596 | +€21 | +3.7% |
| Total equity and liabilities | 10/49 | €552,432 | €317,535 | -€234,897 | -42.5% |
| Equity | 10/15 | €22,632 | €23,362 | +€730 | +3.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €4,032 | €4,762 | +€730 | +18.1% |
| Distributable reserves | 133 | €4,032 | €4,762 | +€730 | +18.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €529,800 | €294,173 | -€235,627 | -44.5% |
| Amounts payable within one year | 42/48 | €526,359 | €290,686 | -€235,673 | -44.8% |
| Trade debts | 44 | €257 | €26 | -€231 | -90.1% |
| Suppliers | 440/4 | €257 | €26 | -€231 | -90.1% |
| Taxes, remuneration and social security | 45 | €8,047 | €8,277 | +€230 | +2.9% |
| Taxes | 450/3 | €5,297 | €5,527 | +€230 | +4.3% |
| Remuneration and social security | 454/9 | €2,750 | €2,750 | = | 0.0% |
| Other amounts payable | 47/48 | €518,055 | €282,384 | -€235,672 | -45.5% |
| Accrued charges and deferred income | 492/3 | €3,442 | €3,488 | +€46 | +1.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,515 | €1,696 | +€181 | +12.0% |
| Other operating charges | 640/8 | €1,416 | €1,282 | -€134 | -9.5% |
| Gross operating margin | 9900 | €285,769 | €188,242 | -€97,527 | -34.1% |
| Operating profit (loss) | 9901 | €282,838 | €185,264 | -€97,574 | -34.5% |
| Financial income | 75/76B | €3 | €0 | -€3 | -99.6% |
| Recurring financial income | 75 | €3 | €0 | -€3 | -99.6% |
| Financial charges | 65/66B | €295 | €1,964 | +€1,670 | +566.7% |
| Recurring financial charges | 65 | €295 | €1,964 | +€1,670 | +566.7% |
| Profit (loss) for the period before taxes | 9903 | €282,546 | €183,300 | -€99,246 | -35.1% |
| Income taxes | 67/77 | €66,735 | €42,570 | -€24,165 | -36.2% |
| Profit (loss) for the period | 9904 | €215,811 | €140,730 | -€75,081 | -34.8% |
| Profit (loss) for the period to be appropriated | 9905 | €215,811 | €140,730 | -€75,081 | -34.8% |
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 7 October 2026 via checked.be.