GH - elek: 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.
GH - elek
Largest movements
- Receivables within one year +€26,700
up €26,700 (+17.9%), from €149,199 to €175,899
of which Other amounts receivable: +€30,985
- Reserves +€14,937
up €14,937 (+12.9%), from €116,182 to €131,119
of which Distributable reserves: +€16,797
- Trade debts +€11,922
new in 2025: €11,922
- Short-term financial debts -€2,544
down €2,544 (-22.7%), from €11,230 to €8,686
- Tax, wage and social debts +€2,461
up €2,461 (+24.4%), from €10,092 to €12,553
of which Taxes: +€2,443
- Gross operating margin +€25,543
up €25,543, from -€2,694 to €22,850
- Taxes +€2,888
up €2,888 (+109%), from €2,654 to €5,542
- Financial charges -€1,165
down €1,165 (-12.6%), from €9,276 to €8,112
- Financial income +€844
up €844 (+13.8%), from €6,101 to €6,945
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €151,446 | €178,223 | +€26,777 | +17.7% |
| Current assets | 29/58 | €151,446 | €178,223 | +€26,777 | +17.7% |
| Stocks and contracts in progress | 3 | €1,072 | €1,108 | +€36 | +3.4% |
| Stocks | 30/36 | €1,072 | €1,108 | +€36 | +3.4% |
| Amounts receivable within one year | 40/41 | €149,199 | €175,899 | +€26,700 | +17.9% |
| Trade receivables | 40 | €30,235 | €25,949 | -€4,285 | -14.2% |
| Other amounts receivable | 41 | €118,964 | €149,949 | +€30,985 | +26.0% |
| Deferred charges and accrued income | 490/1 | €1,175 | €1,216 | +€41 | +3.5% |
| Total equity and liabilities | 10/49 | €151,446 | €178,223 | +€26,777 | +17.7% |
| Equity | 10/15 | €122,382 | €137,319 | +€14,937 | +12.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €116,182 | €131,119 | +€14,937 | +12.9% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €114,322 | €131,119 | +€16,797 | +14.7% |
| Amounts payable | 17/49 | €29,064 | €40,904 | +€11,840 | +40.7% |
| Amounts payable within one year | 42/48 | €29,064 | €40,904 | +€11,840 | +40.7% |
| Current portion of amounts payable after more than one year | 42 | €7,742 | €7,742 | = | 0.0% |
| Financial debts | 43 | €11,230 | €8,686 | -€2,544 | -22.7% |
| Credit institutions | 430/8 | €11,230 | €8,686 | -€2,544 | -22.7% |
| Trade debts | 44 | - | €11,922 | +€11,922 | |
| Suppliers | 440/4 | - | €11,922 | +€11,922 | |
| Taxes, remuneration and social security | 45 | €10,092 | €12,553 | +€2,461 | +24.4% |
| Taxes | 450/3 | €7,718 | €10,161 | +€2,443 | +31.7% |
| Remuneration and social security | 454/9 | €2,374 | €2,392 | +€18 | +0.8% |
| Other operating charges | 640/8 | €1,004 | €1,204 | +€201 | +20.0% |
| Gross operating margin | 9900 | -€2,694 | €22,850 | +€25,543 | |
| Operating profit (loss) | 9901 | -€3,697 | €21,645 | +€25,343 | |
| Financial income | 75/76B | €6,101 | €6,945 | +€844 | +13.8% |
| Recurring financial income | 75 | €6,101 | €6,945 | +€844 | +13.8% |
| Financial charges | 65/66B | €9,276 | €8,112 | -€1,165 | -12.6% |
| Recurring financial charges | 65 | €9,276 | €8,112 | -€1,165 | -12.6% |
| Profit (loss) for the period before taxes | 9903 | -€6,873 | €20,479 | +€27,352 | |
| Income taxes | 67/77 | €2,654 | €5,542 | +€2,888 | +109% |
| Profit (loss) for the period | 9904 | -€9,527 | €14,937 | +€24,464 | |
| Profit (loss) for the period to be appropriated | 9905 | -€9,527 | €14,937 | +€24,464 |
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 23 October 2026 via checked.be.