Group Ela: what changed
You see two financial years side by side: what moved most in the balance sheet and the result, why the result rose or fell and where the money went.
Group Ela
Largest movements
- Receivables within one year -€227,464
down €227,464 (-12.6%), from €1.8m to €1.6m
of which Other amounts receivable: -€281,378
- Stocks and contracts +€194,880
new in 2025: €194,880
- Cash +€82,145
up €82,145 (+176%), from €46,622 to €128,767
mainly Net result for the year (+€394,224) and Other debts (+€305,167)
- Tangible fixed assets -€44,717
down €44,717 (-14.8%), from €302,895 to €258,178
of which Furniture and vehicles: -€38,264
- Other debts +€305,167
up €305,167 (+383%), from €79,643 to €384,810
- Reserves -€205,776
down €205,776 (-12.7%), from €1.6m to €1.4m
- Debts after one year -€52,305
down €52,305 (-37.5%), from €139,380 to €87,075
- Short-term financial debts -€35,156
down €35,156 (-31.9%), from €110,156 to €75,000
- Trade debts -€34,731
down €34,731 (-65.7%), from €52,856 to €18,125
- Gross operating margin -€87,985
down €87,985 (-11.7%), from €748,852 to €660,867
- Taxes -€30,529
down €30,529 (-19.2%), from €158,810 to €128,282
- Financial charges +€24,670
up €24,670 (+38.7%), from €63,799 to €88,469
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,187,535 | €2,192,378 | +€4,844 | +0.2% |
| Fixed assets | 21/28 | €311,895 | €267,178 | -€44,717 | -14.3% |
| Tangible fixed assets | 22/27 | €302,895 | €258,178 | -€44,717 | -14.8% |
| Land and buildings | 22 | €176,540 | €170,150 | -€6,389 | -3.6% |
| Furniture and vehicles | 24 | €125,371 | €87,107 | -€38,264 | -30.5% |
| Leasing and similar rights | 25 | €985 | €921 | -€64 | -6.5% |
| Financial fixed assets | 28 | €9,000 | €9,000 | = | 0.0% |
| Current assets | 29/58 | €1,875,639 | €1,925,200 | +€49,561 | +2.6% |
| Stocks and contracts in progress | 3 | - | €194,880 | +€194,880 | |
| Stocks | 30/36 | - | €194,880 | +€194,880 | |
| Amounts receivable within one year | 40/41 | €1,810,876 | €1,583,412 | -€227,464 | -12.6% |
| Trade receivables | 40 | €1,020,717 | €1,074,632 | +€53,914 | +5.3% |
| Other amounts receivable | 41 | €790,158 | €508,780 | -€281,378 | -35.6% |
| Current investments | 50/53 | €16,751 | €16,751 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €46,622 | €128,767 | +€82,145 | +176% |
| Deferred charges and accrued income | 490/1 | €1,390 | €1,390 | = | 0.0% |
| Total equity and liabilities | 10/49 | €2,187,535 | €2,192,378 | +€4,844 | +0.2% |
| Equity | 10/15 | €1,643,234 | €1,437,458 | -€205,776 | -12.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,624,634 | €1,418,858 | -€205,776 | -12.7% |
| Distributable reserves | 133 | €1,624,634 | €1,418,858 | -€205,776 | -12.7% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €544,300 | €754,921 | +€210,620 | +38.7% |
| Amounts payable after more than one year | 17 | €139,380 | €87,075 | -€52,305 | -37.5% |
| Financial debts | 170/4 | €139,380 | €87,075 | -€52,305 | -37.5% |
| Amounts payable within one year | 42/48 | €404,920 | €667,845 | +€262,925 | +64.9% |
| Current portion of amounts payable after more than one year | 42 | €52,047 | €52,305 | +€258 | +0.5% |
| Financial debts | 43 | €110,156 | €75,000 | -€35,156 | -31.9% |
| Other loans | 439 | €110,156 | €75,000 | -€35,156 | -31.9% |
| Trade debts | 44 | €52,856 | €18,125 | -€34,731 | -65.7% |
| Suppliers | 440/4 | €52,856 | €18,125 | -€34,731 | -65.7% |
| Taxes, remuneration and social security | 45 | €110,217 | €137,605 | +€27,388 | +24.8% |
| Taxes | 450/3 | €110,217 | €137,605 | +€27,388 | +24.8% |
| Other amounts payable | 47/48 | €79,643 | €384,810 | +€305,167 | +383% |
| Non-recurring operating income | 76A | €10,000 | €0 | -€10,000 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,717 | €44,717 | = | 0.0% |
| Other operating charges | 640/8 | €3,376 | €5,334 | +€1,958 | +58.0% |
| Gross operating margin | 9900 | €748,852 | €660,867 | -€87,985 | -11.7% |
| Operating profit (loss) | 9901 | €700,759 | €610,816 | -€89,943 | -12.8% |
| Financial income | 75/76B | €901 | €159 | -€742 | -82.4% |
| Recurring financial income | 75 | €901 | €159 | -€742 | -82.4% |
| Financial charges | 65/66B | €63,799 | €88,469 | +€24,670 | +38.7% |
| Recurring financial charges | 65 | €63,799 | €88,469 | +€24,670 | +38.7% |
| Profit (loss) for the period before taxes | 9903 | €637,861 | €522,505 | -€115,355 | -18.1% |
| Income taxes | 67/77 | €158,810 | €128,282 | -€30,529 | -19.2% |
| Profit (loss) for the period | 9904 | €479,050 | €394,224 | -€84,827 | -17.7% |
| Profit (loss) for the period to be appropriated | 9905 | €479,050 | €394,224 | -€84,827 | -17.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.