ELPHICARS: 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.
ELPHICARS
Largest movements
- Stocks and contracts +€22,476
up €22,476 (+669%), from €3,359 to €25,835
- Tangible fixed assets -€19,598
down €19,598 (-21.8%), from €89,929 to €70,331
of which Land and buildings: -€12,602
- Receivables within one year -€15,072
down €15,072 (-65.1%), from €23,158 to €8,086
of which Trade receivables: -€14,327
- Cash +€9,895
up €9,895 (+60.5%), from €16,363 to €26,258
mainly Other debts (+€25,000) and Depreciation (+€21,278)
- Other debts +€25,000
up €25,000 (+52.3%), from €47,822 to €72,822
- Reserves -€16,765
down €16,765 (-30.1%), from €55,657 to €38,892
- Current portion of long-term debt -€4,112
down €4,112 (-100%), from €4,112 to €0
- Trade debts -€3,015
down €3,015 (-87.4%), from €3,450 to €435
- Tax, wage and social debts -€2,768
down €2,768 (-100%), from €2,768 to €0
- Gross operating margin -€50,935
down €50,935 (-85.1%), from €59,834 to €8,898
- Taxes -€10,568
down €10,568 (-100%), from €10,568 to €0
- Depreciation +€2,813
up €2,813 (+15.2%), from €18,464 to €21,278
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 | €132,809 | €131,149 | -€1,659 | -1.2% |
| Fixed assets | 21/28 | €89,929 | €70,331 | -€19,598 | -21.8% |
| Tangible fixed assets | 22/27 | €89,929 | €70,331 | -€19,598 | -21.8% |
| Land and buildings | 22 | €61,496 | €48,894 | -€12,602 | -20.5% |
| Plant, machinery and equipment | 23 | €28,433 | €21,437 | -€6,995 | -24.6% |
| Current assets | 29/58 | €42,880 | €60,818 | +€17,938 | +41.8% |
| Stocks and contracts in progress | 3 | €3,359 | €25,835 | +€22,476 | +669% |
| Stocks | 30/36 | €3,359 | €25,835 | +€22,476 | +669% |
| Amounts receivable within one year | 40/41 | €23,158 | €8,086 | -€15,072 | -65.1% |
| Trade receivables | 40 | €21,320 | €6,994 | -€14,327 | -67.2% |
| Other amounts receivable | 41 | €1,838 | €1,092 | -€746 | -40.6% |
| Cash at bank and in hand | 54/58 | €16,363 | €26,258 | +€9,895 | +60.5% |
| Deferred charges and accrued income | 490/1 | €0 | €639 | +€639 | |
| Total equity and liabilities | 10/49 | €132,809 | €131,149 | -€1,659 | -1.2% |
| Equity | 10/15 | €74,657 | €57,892 | -€16,765 | -22.5% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | €55,657 | €38,892 | -€16,765 | -30.1% |
| Distributable reserves | 133 | €55,657 | €38,892 | -€16,765 | -30.1% |
| Amounts payable | 17/49 | €58,151 | €73,257 | +€15,106 | +26.0% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €58,151 | €73,257 | +€15,106 | +26.0% |
| Current portion of amounts payable after more than one year | 42 | €4,112 | €0 | -€4,112 | -100% |
| Trade debts | 44 | €3,450 | €435 | -€3,015 | -87.4% |
| Suppliers | 440/4 | €3,450 | €435 | -€3,015 | -87.4% |
| Taxes, remuneration and social security | 45 | €2,768 | €0 | -€2,768 | -100% |
| Taxes | 450/3 | €2,768 | €0 | -€2,768 | -100% |
| Other amounts payable | 47/48 | €47,822 | €72,822 | +€25,000 | +52.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,464 | €21,278 | +€2,813 | +15.2% |
| Other operating charges | 640/8 | €4,173 | €4,166 | -€7 | -0.2% |
| Gross operating margin | 9900 | €59,834 | €8,898 | -€50,935 | -85.1% |
| Operating profit (loss) | 9901 | €37,196 | -€16,546 | -€53,742 | |
| Financial charges | 65/66B | €596 | €219 | -€377 | -63.3% |
| Recurring financial charges | 65 | €596 | €219 | -€377 | -63.3% |
| Profit (loss) for the period before taxes | 9903 | €36,600 | -€16,765 | -€53,365 | |
| Income taxes | 67/77 | €10,568 | €0 | -€10,568 | -100% |
| Profit (loss) for the period | 9904 | €26,032 | -€16,765 | -€42,797 | |
| Profit (loss) for the period to be appropriated | 9905 | €26,032 | -€16,765 | -€42,797 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.