ELLA 88: what changed
Two fiscal 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.
ELLA 88
Largest movements
- Cash -€81,035
down €81,035 (-60.4%), from €134,107 to €53,072
mainly Contributions, distributions and other (-€65,920) and Investment in fixed assets (net) (-€57,099)
- Tangible fixed assets +€48,500
up €48,500 (+21.1%), from €229,712 to €278,213
- Receivables within one year +€15,231
up €15,231, from €0 to €15,231
- Reserves -€44,985
down €44,985 (-16.6%), from €270,525 to €225,539
of which Distributable reserves: -€44,985
- Other debts +€31,194
up €31,194 (+499.6%), from €6,244 to €37,438
- Tax, wage and social debts -€9,978
down €9,978 (-100.0%), from €9,978 to €0
- Trade debts +€6,465
up €6,465, from €0 to €6,465
- Gross operating margin -€45,209
down €45,209 (-51.4%), from €87,894 to €42,684
- Taxes -€15,208
down €15,208 (-60.9%), from €24,978 to €9,769
- Depreciation +€2,738
up €2,738 (+46.7%), from €5,861 to €8,599
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €363,820 | €346,516 | -€17,304 | -4.8% |
| Fixed assets | 21/28 | €229,712 | €278,213 | +€48,500 | +21.1% |
| Tangible fixed assets | 22/27 | €229,712 | €278,213 | +€48,500 | +21.1% |
| Land and buildings | 22 | €229,712 | €278,213 | +€48,500 | +21.1% |
| Current assets | 29/58 | €134,107 | €68,303 | -€65,805 | -49.1% |
| Amounts receivable within one year | 40/41 | €0 | €15,231 | +€15,231 | |
| Other amounts receivable | 41 | €0 | €15,231 | +€15,231 | |
| Cash at bank and in hand | 54/58 | €134,107 | €53,072 | -€81,035 | -60.4% |
| Total equity and liabilities | 10/49 | €363,820 | €346,516 | -€17,304 | -4.8% |
| Equity | 10/15 | €340,525 | €295,539 | -€44,985 | -13.2% |
| Contributions | 10/11 | €70,000 | €70,000 | = | 0.0% |
| Capital | 10 | €70,000 | €70,000 | = | 0.0% |
| Issued capital | 100 | €70,000 | €70,000 | = | 0.0% |
| Reserves | 13 | €270,525 | €225,539 | -€44,985 | -16.6% |
| Non-distributable reserves | 130/1 | €7,000 | €7,000 | = | 0.0% |
| Legal reserve | 130 | €7,000 | €7,000 | = | 0.0% |
| Distributable reserves | 133 | €263,525 | €218,539 | -€44,985 | -17.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €23,295 | €50,976 | +€27,681 | +118.8% |
| Amounts payable within one year | 42/48 | €16,222 | €43,903 | +€27,681 | +170.6% |
| Trade debts | 44 | €0 | €6,465 | +€6,465 | |
| Suppliers | 440/4 | €0 | €6,465 | +€6,465 | |
| Taxes, remuneration and social security | 45 | €9,978 | €0 | -€9,978 | -100.0% |
| Taxes | 450/3 | €9,978 | €0 | -€9,978 | -100.0% |
| Other amounts payable | 47/48 | €6,244 | €37,438 | +€31,194 | +499.6% |
| Accrued charges and deferred income | 492/3 | €7,073 | €7,073 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,861 | €8,599 | +€2,738 | +46.7% |
| Other operating charges | 640/8 | €3,503 | €3,352 | -€151 | -4.3% |
| Gross operating margin | 9900 | €87,894 | €42,684 | -€45,209 | -51.4% |
| Operating profit (loss) | 9901 | €78,530 | €30,734 | -€47,797 | -60.9% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €29 | €30 | +€2 | +5.3% |
| Recurring financial charges | 65 | €29 | €30 | +€2 | +5.3% |
| Profit (loss) for the period before taxes | 9903 | €78,502 | €30,704 | -€47,798 | -60.9% |
| Income taxes | 67/77 | €24,978 | €9,769 | -€15,208 | -60.9% |
| Profit (loss) for the period | 9904 | €53,524 | €20,935 | -€32,590 | -60.9% |
| Profit (loss) for the period to be appropriated | 9905 | €53,524 | €20,935 | -€32,590 | -60.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.