ELKODENT: 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.
ELKODENT
Largest movements
- Tangible fixed assets +€1.1m
up €1.1m (+119.7%), from €881,825 to €1.9m
of which Land and buildings: +€1.1m
- Cash +€516,594
up €516,594 (+249.9%), from €206,730 to €723,323
mainly Debts after one year (+€1.2m) and Current investments (+€250,000)
- Current investments -€250,000
down €250,000 (-45.5%), from €550,000 to €300,000
- Debts after one year +€1.2m
up €1.2m (+779.5%), from €154,798 to €1.4m
- Reserves +€227,574
up €227,574 (+22.0%), from €1.0m to €1.3m
of which Distributable reserves: +€283,958
- Trade debts -€168,237
down €168,237 (-92.7%), from €181,485 to €13,249
- Current portion of long-term debt +€93,328
up €93,328 (+338.8%), from €27,549 to €120,878
- Other debts -€70,985
down €70,985 (-60.2%), from €117,924 to €46,939
- Depreciation +€23,223
up €23,223 (+33.0%), from €70,433 to €93,656
- Financial charges -€14,090
down €14,090 (-43.5%), from €32,375 to €18,285
- Financial income +€7,284
up €7,284 (+198.5%), from €3,669 to €10,953
- Taxes +€6,896
up €6,896 (+6.1%), from €112,525 to €119,421
- Staff costs -€6,253
down €6,253 (-8.7%), from €71,619 to €65,366
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 | €1,649,567 | €2,966,838 | +€1.3m | +79.9% |
| Fixed assets | 21/28 | €881,825 | €1,937,624 | +€1.1m | +119.7% |
| Tangible fixed assets | 22/27 | €881,825 | €1,937,624 | +€1.1m | +119.7% |
| Land and buildings | 22 | €856,594 | €1,911,359 | +€1.1m | +123.1% |
| Plant, machinery and equipment | 23 | €12,118 | €12,932 | +€814 | +6.7% |
| Furniture and vehicles | 24 | €13,113 | €13,334 | +€220 | +1.7% |
| Current assets | 29/58 | €767,741 | €1,029,214 | +€261,473 | +34.1% |
| Amounts receivable within one year | 40/41 | €795 | €9 | -€786 | -98.9% |
| Trade receivables | 40 | - | €9 | +€9 | |
| Other amounts receivable | 41 | €795 | - | -€795 | |
| Current investments | 50/53 | €550,000 | €300,000 | -€250,000 | -45.5% |
| Cash at bank and in hand | 54/58 | €206,730 | €723,323 | +€516,594 | +249.9% |
| Deferred charges and accrued income | 490/1 | €10,217 | €5,881 | -€4,336 | -42.4% |
| Total equity and liabilities | 10/49 | €1,649,567 | €2,966,838 | +€1.3m | +79.9% |
| Equity | 10/15 | €1,135,004 | €1,362,578 | +€227,574 | +20.1% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €1,035,004 | €1,262,578 | +€227,574 | +22.0% |
| Tax-exempt reserves | 132 | €141,154 | €84,770 | -€56,383 | -39.9% |
| Distributable reserves | 133 | €893,850 | €1,177,808 | +€283,958 | +31.8% |
| Amounts payable | 17/49 | €514,563 | €1,604,260 | +€1.1m | +211.8% |
| Amounts payable after more than one year | 17 | €154,798 | €1,361,404 | +€1.2m | +779.5% |
| Financial debts | 170/4 | €154,798 | €1,361,404 | +€1.2m | +779.5% |
| Amounts payable within one year | 42/48 | €359,765 | €242,716 | -€117,049 | -32.5% |
| Current portion of amounts payable after more than one year | 42 | €27,549 | €120,878 | +€93,328 | +338.8% |
| Financial debts | 43 | - | €7,655 | +€7,655 | |
| Credit institutions | 430/8 | - | €7,655 | +€7,655 | |
| Trade debts | 44 | €181,485 | €13,249 | -€168,237 | -92.7% |
| Suppliers | 440/4 | €181,485 | €13,249 | -€168,237 | -92.7% |
| Taxes, remuneration and social security | 45 | €32,807 | €53,995 | +€21,188 | +64.6% |
| Taxes | 450/3 | €26,870 | €45,505 | +€18,635 | +69.4% |
| Remuneration and social security | 454/9 | €5,937 | €8,490 | +€2,553 | +43.0% |
| Other amounts payable | 47/48 | €117,924 | €46,939 | -€70,985 | -60.2% |
| Accrued charges and deferred income | 492/3 | - | €140 | +€140 | |
| Remuneration, social security and pensions | 62 | €71,619 | €65,366 | -€6,253 | -8.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €70,433 | €93,656 | +€23,223 | +33.0% |
| Other operating charges | 640/8 | €11,434 | €11,111 | -€323 | -2.8% |
| Gross operating margin | 9900 | €530,554 | €526,126 | -€4,428 | -0.8% |
| Operating profit (loss) | 9901 | €377,069 | €355,993 | -€21,076 | -5.6% |
| Financial income | 75/76B | €3,669 | €10,953 | +€7,284 | +198.5% |
| Recurring financial income | 75 | €3,669 | €10,953 | +€7,284 | +198.5% |
| Financial charges | 65/66B | €32,375 | €18,285 | -€14,090 | -43.5% |
| Recurring financial charges | 65 | €32,375 | €18,285 | -€14,090 | -43.5% |
| Profit (loss) for the period before taxes | 9903 | €348,363 | €348,661 | +€299 | +0.1% |
| Income taxes | 67/77 | €112,525 | €119,421 | +€6,896 | +6.1% |
| Profit (loss) for the period | 9904 | €235,837 | €229,240 | -€6,597 | -2.8% |
| Transfer from tax-exempt reserves | 789 | €164,190 | €84,200 | -€79,990 | -48.7% |
| Transfer to tax-exempt reserves | 689 | €117,050 | €27,817 | -€89,233 | -76.2% |
| Profit (loss) for the period to be appropriated | 9905 | €282,978 | €285,624 | +€2,646 | +0.9% |
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 11 October 2026 via checked.be.