ELKI projects: 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.
ELKI projects
Largest movements
- Receivables within one year +€173,631
up €173,631 (+37.5%), from €462,792 to €636,423
of which Other amounts receivable: +€186,427
- Current investments -€150,000
no longer reported in 2025 (was €150,000)
- Reserves +€24,563
up €24,563 (+4.0%), from €614,912 to €639,475
- Trade debts -€7,289
down €7,289 (-91.0%), from €8,014 to €725
- Gross operating margin +€17,421
up €17,421 (+516.9%), from €3,370 to €20,791
- Financial income +€5,894
up €5,894 (+268.3%), from €2,197 to €8,091
- Other operating charges +€3,197
up €3,197 (+2275.6%), from €141 to €3,338
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 | €623,926 | €641,200 | +€17,274 | +2.8% |
| Fixed assets | 21/28 | €5,090 | €4,449 | -€641 | -12.6% |
| Tangible fixed assets | 22/27 | €2,559 | €1,918 | -€641 | -25.0% |
| Plant, machinery and equipment | 23 | €2,146 | €1,609 | -€538 | -25.1% |
| Furniture and vehicles | 24 | €413 | €309 | -€103 | -25.0% |
| Financial fixed assets | 28 | €2,531 | €2,531 | = | 0.0% |
| Current assets | 29/58 | €618,836 | €636,750 | +€17,915 | +2.9% |
| Amounts receivable within one year | 40/41 | €462,792 | €636,423 | +€173,631 | +37.5% |
| Trade receivables | 40 | €13,673 | €877 | -€12,796 | -93.6% |
| Other amounts receivable | 41 | €449,119 | €635,546 | +€186,427 | +41.5% |
| Current investments | 50/53 | €150,000 | - | -€150,000 | |
| Cash at bank and in hand | 54/58 | €5,991 | €327 | -€5,664 | -94.5% |
| Deferred charges and accrued income | 490/1 | €53 | - | -€53 | |
| Total equity and liabilities | 10/49 | €623,926 | €641,200 | +€17,274 | +2.8% |
| Equity | 10/15 | €615,912 | €640,475 | +€24,563 | +4.0% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €614,912 | €639,475 | +€24,563 | +4.0% |
| Distributable reserves | 133 | €614,912 | €639,475 | +€24,563 | +4.0% |
| Amounts payable | 17/49 | €8,014 | €725 | -€7,289 | -91.0% |
| Amounts payable within one year | 42/48 | €8,014 | €725 | -€7,289 | -91.0% |
| Trade debts | 44 | €8,014 | €725 | -€7,289 | -91.0% |
| Suppliers | 440/4 | €8,014 | €725 | -€7,289 | -91.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €641 | €641 | = | 0.0% |
| Other operating charges | 640/8 | €141 | €3,338 | +€3,197 | +2275.6% |
| Non-recurring operating charges | 66A | €7,270 | - | -€7,270 | |
| Gross operating margin | 9900 | €3,370 | €20,791 | +€17,421 | +516.9% |
| Operating profit (loss) | 9901 | -€4,681 | €16,812 | +€21,493 | |
| Financial income | 75/76B | €2,197 | €8,091 | +€5,894 | +268.3% |
| Recurring financial income | 75 | €2,197 | €8,091 | +€5,894 | +268.3% |
| Financial charges | 65/66B | €232 | €341 | +€109 | +47.0% |
| Recurring financial charges | 65 | €232 | €341 | +€109 | +47.0% |
| Profit (loss) for the period before taxes | 9903 | -€2,716 | €24,563 | +€27,279 | |
| Profit (loss) for the period | 9904 | -€2,716 | €24,563 | +€27,279 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,716 | €24,563 | +€27,279 |
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 10 October 2026 via checked.be.