ELKHAYMA: 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.
ELKHAYMA
Largest movements
- Receivables within one year +€16,605
up €16,605 (+63.3%), from €26,229 to €42,834
- Cash +€15,527
up €15,527 (+177%), from €8,793 to €24,319
mainly Net result for the year (+€19,519) and Depreciation (+€8,374)
- Stocks and contracts -€8,087
down €8,087 (-40.0%), from €20,208 to €12,121
- Tangible fixed assets -€7,135
down €7,135 (-39.2%), from €18,187 to €11,051
of which Furniture and vehicles: -€6,535
- Deferred charges and accrued income +€980
new in 2025: €980
- Profit (loss) carried forward +€19,519
up €19,519 (+46.6%), from €41,869 to €61,387
- Trade debts -€5,169
down €5,169 (-49.1%), from €10,534 to €5,366
- Tax, wage and social debts +€3,539
up €3,539 (+25.1%), from €14,113 to €17,652
of which Taxes: +€2,780
- Staff costs -€13,782
down €13,782 (-50.9%), from €27,088 to €13,307
- Gross operating margin -€3,631
down €3,631 (-6.3%), from €58,061 to €54,430
- Financial charges +€3,517
up €3,517 (+995%), from €353 to €3,870
of which Financial charges: +€3,266
- Depreciation +€1,048
up €1,048 (+14.3%), from €7,326 to €8,374
- Financial income +€656
new in 2025: €656
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 | €75,216 | €93,105 | +€17,889 | +23.8% |
| Fixed assets | 21/28 | €19,986 | €12,851 | -€7,135 | -35.7% |
| Tangible fixed assets | 22/27 | €18,187 | €11,051 | -€7,135 | -39.2% |
| Furniture and vehicles | 24 | €16,387 | €9,851 | -€6,535 | -39.9% |
| Other tangible fixed assets | 26 | €1,800 | €1,200 | -€600 | -33.3% |
| Financial fixed assets | 28 | €1,800 | €1,800 | = | 0.0% |
| Current assets | 29/58 | €55,230 | €80,254 | +€25,024 | +45.3% |
| Stocks and contracts in progress | 3 | €20,208 | €12,121 | -€8,087 | -40.0% |
| Stocks | 30/36 | €20,208 | €12,121 | -€8,087 | -40.0% |
| Amounts receivable within one year | 40/41 | €26,229 | €42,834 | +€16,605 | +63.3% |
| Other amounts receivable | 41 | €26,229 | €42,834 | +€16,605 | +63.3% |
| Cash at bank and in hand | 54/58 | €8,793 | €24,319 | +€15,527 | +177% |
| Deferred charges and accrued income | 490/1 | - | €980 | +€980 | |
| Total equity and liabilities | 10/49 | €75,216 | €93,105 | +€17,889 | +23.8% |
| Equity | 10/15 | €50,569 | €70,087 | +€19,519 | +38.6% |
| Contributions | 10/11 | €8,700 | €8,700 | = | 0.0% |
| Profit (loss) carried forward | 14 | €41,869 | €61,387 | +€19,519 | +46.6% |
| Amounts payable | 17/49 | €24,648 | €23,018 | -€1,630 | -6.6% |
| Amounts payable within one year | 42/48 | €24,648 | €23,018 | -€1,630 | -6.6% |
| Trade debts | 44 | €10,534 | €5,366 | -€5,169 | -49.1% |
| Suppliers | 440/4 | €10,534 | €5,366 | -€5,169 | -49.1% |
| Taxes, remuneration and social security | 45 | €14,113 | €17,652 | +€3,539 | +25.1% |
| Taxes | 450/3 | €7,229 | €10,009 | +€2,780 | +38.5% |
| Remuneration and social security | 454/9 | €6,884 | €7,644 | +€759 | +11.0% |
| Remuneration, social security and pensions | 62 | €27,088 | €13,307 | -€13,782 | -50.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,326 | €8,374 | +€1,048 | +14.3% |
| Other operating charges | 640/8 | €997 | €474 | -€523 | -52.4% |
| Non-recurring operating charges | 66A | €3,563 | - | -€3,563 | |
| Gross operating margin | 9900 | €58,061 | €54,430 | -€3,631 | -6.3% |
| Operating profit (loss) | 9901 | €19,087 | €32,275 | +€13,188 | +69.1% |
| Financial income | 75/76B | - | €656 | +€656 | |
| Recurring financial income | 75 | - | €656 | +€656 | |
| Financial charges | 65/66B | €353 | €3,870 | +€3,517 | +995% |
| Recurring financial charges | 65 | €353 | €3,619 | +€3,266 | +924% |
| Non-recurring financial charges | 66B | - | €251 | +€251 | |
| Profit (loss) for the period before taxes | 9903 | €18,733 | €29,061 | +€10,327 | +55.1% |
| Income taxes | 67/77 | €9,097 | €9,542 | +€445 | +4.9% |
| Profit (loss) for the period | 9904 | €9,636 | €19,519 | +€9,882 | +103% |
| Profit (loss) for the period to be appropriated | 9905 | €9,636 | €19,519 | +€9,882 | +103% |
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 15 October 2026 via checked.be.