Elna: 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.
Elna
Largest movements
- Tangible fixed assets +€192,562
up €192,562 (+442.8%), from €43,490 to €236,052
of which Plant, machinery and equipment: +€197,900
- Stocks and contracts -€135,340
down €135,340 (-60.2%), from €225,000 to €89,660
- Receivables within one year +€87,308
up €87,308 (+91.9%), from €95,017 to €182,325
- Cash -€36,505
down €36,505 (-63.0%), from €57,977 to €21,472
mainly Investment in fixed assets (net) (-€201,826) and Receivables within one year (-€87,308)
- Debts after one year +€44,001
up €44,001 (+13.3%), from €331,305 to €375,306
- Other debts +€30,936
up €30,936 (+66.9%), from €46,236 to €77,172
- Tax, wage and social debts +€28,973
up €28,973 (+573.3%), from €5,054 to €34,027
of which Taxes: +€27,773
- Reserves +€16,666
up €16,666 (+775.4%), from €2,149 to €18,815
- Advances received -€11,578
no longer reported in 2025 (was €11,578)
- Gross operating margin +€35,620
up €35,620 (+74.0%), from €48,153 to €83,773
- Financial charges +€8,212
up €8,212 (+108.4%), from €7,578 to €15,791
- Other operating charges +€7,310
up €7,310 (+695.2%), from €1,052 to €8,362
- Depreciation +€5,904
up €5,904 (+129.5%), from €4,561 to €10,464
- Staff costs -€5,852
down €5,852 (-18.2%), from €32,067 to €26,215
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 | €441,044 | €551,911 | +€110,867 | +25.1% |
| Fixed assets | 21/28 | €62,539 | €253,901 | +€191,362 | +306.0% |
| Intangible fixed assets | 21 | €19,049 | €17,049 | -€2,000 | -10.5% |
| Tangible fixed assets | 22/27 | €43,490 | €236,052 | +€192,562 | +442.8% |
| Plant, machinery and equipment | 23 | €8,030 | €205,930 | +€197,900 | +2464.6% |
| Furniture and vehicles | 24 | €35,460 | €30,123 | -€5,338 | -15.1% |
| Financial fixed assets | 28 | - | €800 | +€800 | |
| Current assets | 29/58 | €378,504 | €298,010 | -€80,495 | -21.3% |
| Stocks and contracts in progress | 3 | €225,000 | €89,660 | -€135,340 | -60.2% |
| Stocks | 30/36 | €225,000 | €89,660 | -€135,340 | -60.2% |
| Amounts receivable within one year | 40/41 | €95,017 | €182,325 | +€87,308 | +91.9% |
| Trade receivables | 40 | €95,017 | €182,325 | +€87,308 | +91.9% |
| Cash at bank and in hand | 54/58 | €57,977 | €21,472 | -€36,505 | -63.0% |
| Deferred charges and accrued income | 490/1 | €510 | €4,552 | +€4,042 | +792.5% |
| Total equity and liabilities | 10/49 | €441,044 | €551,911 | +€110,867 | +25.1% |
| Equity | 10/15 | €7,149 | €23,815 | +€16,666 | +233.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €2,149 | €18,815 | +€16,666 | +775.4% |
| Distributable reserves | 133 | €2,149 | €18,815 | +€16,666 | +775.4% |
| Amounts payable | 17/49 | €433,894 | €528,096 | +€94,202 | +21.7% |
| Amounts payable after more than one year | 17 | €331,305 | €375,306 | +€44,001 | +13.3% |
| Financial debts | 170/4 | €331,305 | €375,306 | +€44,001 | +13.3% |
| Amounts payable within one year | 42/48 | €102,589 | €152,789 | +€50,201 | +48.9% |
| Current portion of amounts payable after more than one year | 42 | €24,010 | €34,716 | +€10,706 | +44.6% |
| Trade debts | 44 | €15,711 | €6,875 | -€8,836 | -56.2% |
| Suppliers | 440/4 | €15,711 | €6,875 | -€8,836 | -56.2% |
| Advances received on contracts in progress | 46 | €11,578 | - | -€11,578 | |
| Taxes, remuneration and social security | 45 | €5,054 | €34,027 | +€28,973 | +573.3% |
| Taxes | 450/3 | €5,054 | €32,827 | +€27,773 | +549.6% |
| Remuneration and social security | 454/9 | - | €1,200 | +€1,200 | |
| Other amounts payable | 47/48 | €46,236 | €77,172 | +€30,936 | +66.9% |
| Remuneration, social security and pensions | 62 | €32,067 | €26,215 | -€5,852 | -18.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,561 | €10,464 | +€5,904 | +129.5% |
| Other operating charges | 640/8 | €1,052 | €8,362 | +€7,310 | +695.2% |
| Gross operating margin | 9900 | €48,153 | €83,773 | +€35,620 | +74.0% |
| Operating profit (loss) | 9901 | €10,474 | €38,732 | +€28,258 | +269.8% |
| Financial income | 75/76B | - | €126 | +€126 | |
| Recurring financial income | 75 | - | €126 | +€126 | |
| Financial charges | 65/66B | €7,578 | €15,791 | +€8,212 | +108.4% |
| Recurring financial charges | 65 | €7,578 | €15,791 | +€8,212 | +108.4% |
| Profit (loss) for the period before taxes | 9903 | €2,896 | €23,067 | +€20,172 | +696.6% |
| Income taxes | 67/77 | €746 | €6,401 | +€5,655 | +757.8% |
| Profit (loss) for the period | 9904 | €2,149 | €16,666 | +€14,517 | +675.4% |
| Profit (loss) for the period to be appropriated | 9905 | €2,149 | €16,666 | +€14,517 | +675.4% |
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 9 October 2026 via checked.be.