ELKHA COIF: 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.
ELKHA COIF
Largest movements
- Cash -€2,801
down €2,801 (-46.4%), from €6,036 to €3,235
mainly Net result for the year (-€61,599) and Receivables within one year (-€334)
- Receivables within one year +€334
new in 2025: €334
- Profit (loss) carried forward -€61,599
down €61,599 (-277%), from -€22,201 to -€83,800
- Other debts +€53,979
up €53,979 (+1,176%), from €4,589 to €58,568
- Tax, wage and social debts +€4,117
up €4,117 (+18.7%), from €21,979 to €26,096
of which Remuneration and social security: +€3,760
- Trade debts +€1,036
up €1,036 (+155%), from €670 to €1,705
- Gross operating margin -€69,875
down €69,875, from €9,692 to -€60,183
- Staff costs -€26,048
no longer reported in 2025 (was €26,048)
- Other operating charges -€3,072
down €3,072 (-73.3%), from €4,190 to €1,118
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.
Derived cash bridge
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 | €6,036 | €3,569 | -€2,467 | -40.9% |
| Current assets | 29/58 | €6,036 | €3,569 | -€2,467 | -40.9% |
| Amounts receivable within one year | 40/41 | - | €334 | +€334 | |
| Other amounts receivable | 41 | - | €334 | +€334 | |
| Cash at bank and in hand | 54/58 | €6,036 | €3,235 | -€2,801 | -46.4% |
| Total equity and liabilities | 10/49 | €6,036 | €3,569 | -€2,467 | -40.9% |
| Equity | 10/15 | -€21,201 | -€82,800 | -€61,599 | -291% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Contributions outside capital | 11 | €1,000 | €1,000 | = | 0.0% |
| Other | 1109/19 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€22,201 | -€83,800 | -€61,599 | -277% |
| Amounts payable | 17/49 | €27,238 | €86,369 | +€59,131 | +217% |
| Amounts payable within one year | 42/48 | €27,238 | €86,369 | +€59,131 | +217% |
| Trade debts | 44 | €670 | €1,705 | +€1,036 | +155% |
| Suppliers | 440/4 | €670 | €1,705 | +€1,036 | +155% |
| Taxes, remuneration and social security | 45 | €21,979 | €26,096 | +€4,117 | +18.7% |
| Taxes | 450/3 | €17,084 | €17,442 | +€357 | +2.1% |
| Remuneration and social security | 454/9 | €4,894 | €8,654 | +€3,760 | +76.8% |
| Other amounts payable | 47/48 | €4,589 | €58,568 | +€53,979 | +1,176% |
| Remuneration, social security and pensions | 62 | €26,048 | - | -€26,048 | |
| Other operating charges | 640/8 | €4,190 | €1,118 | -€3,072 | -73.3% |
| Gross operating margin | 9900 | €9,692 | -€60,183 | -€69,875 | |
| Operating profit (loss) | 9901 | -€20,546 | -€61,301 | -€40,755 | -198% |
| Financial charges | 65/66B | €152 | €98 | -€54 | -35.6% |
| Recurring financial charges | 65 | €152 | €98 | -€54 | -35.6% |
| Profit (loss) for the period before taxes | 9903 | -€20,699 | -€61,400 | -€40,701 | -197% |
| Income taxes | 67/77 | - | €199 | +€199 | |
| Profit (loss) for the period | 9904 | -€20,699 | -€61,599 | -€40,900 | -198% |
| Profit (loss) for the period to be appropriated | 9905 | -€20,699 | -€61,599 | -€40,900 | -198% |
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 28 October 2026 via checked.be.