ELKO (MANAGEMENT): 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.
ELKO (MANAGEMENT)
Largest movements
- Tangible fixed assets -€31,286
down €31,286 (-15.4%), from €203,374 to €172,088
of which Land and buildings: -€30,825
- Receivables within one year +€25,679
up €25,679 (+31.0%), from €82,948 to €108,627
of which Other amounts receivable: +€16,041
- Cash -€3,625
down €3,625 (-54.8%), from €6,610 to €2,986
mainly Receivables within one year (-€25,679) and Debts after one year (-€21,902)
- Debts after one year -€21,902
down €21,902 (-21.1%), from €103,970 to €82,068
- Profit (loss) carried forward +€6,234
up €6,234 (+16.5%), from €37,752 to €43,986
- Gross operating margin +€24,458
up €24,458 (+111%), from €22,064 to €46,522
- Taxes +€985
up €985 (+127%), from €775 to €1,760
- Financial charges -€806
down €806 (-13.8%), from €5,855 to €5,049
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 | €293,305 | €284,034 | -€9,271 | -3.2% |
| Fixed assets | 21/28 | €203,374 | €172,088 | -€31,286 | -15.4% |
| Tangible fixed assets | 22/27 | €203,374 | €172,088 | -€31,286 | -15.4% |
| Land and buildings | 22 | €201,136 | €170,312 | -€30,825 | -15.3% |
| Plant, machinery and equipment | 23 | €2,028 | €1,777 | -€251 | -12.4% |
| Furniture and vehicles | 24 | €210 | - | -€210 | |
| Current assets | 29/58 | €89,931 | €111,946 | +€22,015 | +24.5% |
| Amounts receivable within one year | 40/41 | €82,948 | €108,627 | +€25,679 | +31.0% |
| Trade receivables | 40 | €28,664 | €38,302 | +€9,638 | +33.6% |
| Other amounts receivable | 41 | €54,284 | €70,325 | +€16,041 | +29.5% |
| Cash at bank and in hand | 54/58 | €6,610 | €2,986 | -€3,625 | -54.8% |
| Deferred charges and accrued income | 490/1 | €373 | €334 | -€39 | -10.4% |
| Total equity and liabilities | 10/49 | €293,305 | €284,034 | -€9,271 | -3.2% |
| Equity | 10/15 | €129,406 | €135,641 | +€6,234 | +4.8% |
| Contributions | 10/11 | €6,250 | €6,250 | = | 0.0% |
| Reserves | 13 | €85,405 | €85,405 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,000 | €3,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,000 | €3,000 | = | 0.0% |
| Distributable reserves | 133 | €82,405 | €82,405 | = | 0.0% |
| Profit (loss) carried forward | 14 | €37,752 | €43,986 | +€6,234 | +16.5% |
| Amounts payable | 17/49 | €163,899 | €148,394 | -€15,505 | -9.5% |
| Amounts payable after more than one year | 17 | €103,970 | €82,068 | -€21,902 | -21.1% |
| Financial debts | 170/4 | €103,970 | €82,068 | -€21,902 | -21.1% |
| Amounts payable within one year | 42/48 | €57,429 | €63,826 | +€6,397 | +11.1% |
| Current portion of amounts payable after more than one year | 42 | €21,011 | €21,902 | +€890 | +4.2% |
| Trade debts | 44 | €4,356 | €6,008 | +€1,652 | +37.9% |
| Suppliers | 440/4 | €4,356 | €6,008 | +€1,652 | +37.9% |
| Taxes, remuneration and social security | 45 | €7,298 | €10,163 | +€2,865 | +39.3% |
| Taxes | 450/3 | €5,298 | €5,163 | -€135 | -2.6% |
| Remuneration and social security | 454/9 | €2,000 | €5,000 | +€3,000 | +150% |
| Other amounts payable | 47/48 | €24,764 | €25,753 | +€989 | +4.0% |
| Accrued charges and deferred income | 492/3 | €2,500 | €2,500 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,286 | €31,286 | = | 0.0% |
| Other operating charges | 640/8 | €2,133 | €2,200 | +€67 | +3.1% |
| Gross operating margin | 9900 | €22,064 | €46,522 | +€24,458 | +111% |
| Operating profit (loss) | 9901 | -€11,355 | €13,035 | +€24,391 | |
| Financial income | 75/76B | €203 | €8 | -€195 | -96.1% |
| Recurring financial income | 75 | €203 | €8 | -€195 | -96.1% |
| Financial charges | 65/66B | €5,855 | €5,049 | -€806 | -13.8% |
| Recurring financial charges | 65 | €5,855 | €5,049 | -€806 | -13.8% |
| Profit (loss) for the period before taxes | 9903 | -€17,007 | €7,994 | +€25,001 | |
| Income taxes | 67/77 | €775 | €1,760 | +€985 | +127% |
| Profit (loss) for the period | 9904 | -€17,782 | €6,234 | +€24,017 | |
| Profit (loss) for the period to be appropriated | 9905 | -€17,782 | €6,234 | +€24,017 |
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 14 October 2026 via checked.be.