ELKAVI: 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.
ELKAVI
Largest movements
- Receivables within one year +€75,849
up €75,849 (+44.4%), from €170,799 to €246,648
- Tangible fixed assets -€38,382
down €38,382 (-5.8%), from €666,067 to €627,685
- Other debts +€56,222
up €56,222 (+3.0%), from €1.9m to €1.9m
- Provisions -€25,912
down €25,912 (-3.9%), from €671,212 to €645,300
- Depreciation -€84,470
down €84,470 (-68.8%), from €122,852 to €38,382
- Financial charges +€3,855
up €3,855 (+14.9%), from €25,813 to €29,668
- Gross operating margin +€3,420
up €3,420 (+4.8%), from €71,150 to €74,570
- Financial income +€2,965
up €2,965 (+45.3%), from €6,549 to €9,514
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 | €845,984 | €880,124 | +€34,140 | +4.0% |
| Fixed assets | 21/28 | €666,067 | €627,685 | -€38,382 | -5.8% |
| Tangible fixed assets | 22/27 | €666,067 | €627,685 | -€38,382 | -5.8% |
| Land and buildings | 22 | €666,067 | €627,685 | -€38,382 | -5.8% |
| Current assets | 29/58 | €179,917 | €252,439 | +€72,522 | +40.3% |
| Amounts receivable within one year | 40/41 | €170,799 | €246,648 | +€75,849 | +44.4% |
| Other amounts receivable | 41 | €170,799 | €246,648 | +€75,849 | +44.4% |
| Cash at bank and in hand | 54/58 | €6,374 | €2,336 | -€4,038 | -63.4% |
| Deferred charges and accrued income | 490/1 | €2,744 | €3,455 | +€711 | +25.9% |
| Total equity and liabilities | 10/49 | €845,984 | €880,124 | +€34,140 | +4.0% |
| Equity | 10/15 | -€1,707,192 | -€1,710,330 | -€3,138 | -0.2% |
| Contributions | 10/11 | €622,579 | €622,579 | = | 0.0% |
| Capital | 10 | €622,579 | €622,579 | = | 0.0% |
| Issued capital | 100 | €622,579 | €622,579 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,329,771 | -€2,332,909 | -€3,138 | -0.1% |
| Provisions and deferred taxes | 16 | €671,212 | €645,300 | -€25,912 | -3.9% |
| Provisions for liabilities and charges | 160/5 | €671,212 | €645,300 | -€25,912 | -3.9% |
| Other liabilities and charges | 164/5 | €671,212 | €645,300 | -€25,912 | -3.9% |
| Amounts payable | 17/49 | €1,881,964 | €1,945,154 | +€63,190 | +3.4% |
| Amounts payable within one year | 42/48 | €1,881,964 | €1,941,497 | +€59,533 | +3.2% |
| Trade debts | 44 | €2,384 | €5,695 | +€3,311 | +138.9% |
| Suppliers | 440/4 | €2,384 | €5,695 | +€3,311 | +138.9% |
| Other amounts payable | 47/48 | €1,879,580 | €1,935,802 | +€56,222 | +3.0% |
| Accrued charges and deferred income | 492/3 | - | €3,657 | +€3,657 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €122,852 | €38,382 | -€84,470 | -68.8% |
| Other operating charges | 640/8 | €18,617 | €19,172 | +€555 | +3.0% |
| Gross operating margin | 9900 | €71,150 | €74,570 | +€3,420 | +4.8% |
| Operating profit (loss) | 9901 | -€70,319 | €17,016 | +€87,335 | |
| Financial income | 75/76B | €6,549 | €9,514 | +€2,965 | +45.3% |
| Recurring financial income | 75 | €6,549 | €9,514 | +€2,965 | +45.3% |
| Financial charges | 65/66B | €25,813 | €29,668 | +€3,855 | +14.9% |
| Recurring financial charges | 65 | €25,813 | €29,668 | +€3,855 | +14.9% |
| Profit (loss) for the period before taxes | 9903 | -€89,583 | -€3,138 | +€86,445 | +96.5% |
| Profit (loss) for the period | 9904 | -€89,583 | -€3,138 | +€86,445 | +96.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€89,583 | -€3,138 | +€86,445 | +96.5% |
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 3 October 2026 via checked.be.