E-LISA: 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.
E-LISA
Largest movements
- Receivables within one year +€670,384
up €670,384 (+162.1%), from €413,631 to €1.1m
of which Other amounts receivable: +€556,739
- Tangible fixed assets -€50,312
down €50,312 (-39.7%), from €126,598 to €76,286
of which Assets under construction and advance payments: -€29,999
- Debts after one year +€403,846
new in 2025: €403,846
- Profit (loss) carried forward +€181,957
up €181,957 (+37.4%), from €486,123 to €668,080
- Current portion of long-term debt +€76,923
new in 2025: €76,923
- Trade debts -€32,606
down €32,606 (-75.5%), from €43,200 to €10,594
- Turnover -€479,280
down €479,280 (-51.9%), from €924,000 to €444,720
- Gross operating margin -€399,420
down €399,420 (-60.3%), from €662,880 to €263,460
- Taxes -€104,803
down €104,803 (-63.3%), from €165,455 to €60,652
- Purchases and services -€79,860
down €79,860 (-30.6%), from €261,120 to €181,260
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
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 | €540,771 | €1,161,065 | +€620,294 | +114.7% |
| Fixed assets | 21/28 | €126,598 | €76,286 | -€50,312 | -39.7% |
| Tangible fixed assets | 22/27 | €126,598 | €76,286 | -€50,312 | -39.7% |
| Plant, machinery and equipment | 23 | €24,654 | €14,713 | -€9,941 | -40.3% |
| Furniture and vehicles | 24 | €8,213 | €4,730 | -€3,483 | -42.4% |
| Other tangible fixed assets | 26 | €63,732 | €56,843 | -€6,889 | -10.8% |
| Assets under construction and advance payments | 27 | €29,999 | €0 | -€29,999 | -100.0% |
| Current assets | 29/58 | €414,173 | €1,084,779 | +€670,606 | +161.9% |
| Amounts receivable within one year | 40/41 | €413,631 | €1,084,015 | +€670,384 | +162.1% |
| Trade receivables | 40 | - | €113,645 | +€113,645 | |
| Other amounts receivable | 41 | €413,631 | €970,370 | +€556,739 | +134.6% |
| Deferred charges and accrued income | 490/1 | €542 | €764 | +€222 | +41.0% |
| Total equity and liabilities | 10/49 | €540,771 | €1,161,065 | +€620,294 | +114.7% |
| Equity | 10/15 | €487,623 | €669,580 | +€181,957 | +37.3% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €486,123 | €668,080 | +€181,957 | +37.4% |
| Amounts payable | 17/49 | €53,148 | €491,485 | +€438,337 | +824.7% |
| Amounts payable after more than one year | 17 | - | €403,846 | +€403,846 | |
| Financial debts | 170/4 | - | €403,846 | +€403,846 | |
| Amounts payable within one year | 42/48 | €53,148 | €87,517 | +€34,369 | +64.7% |
| Current portion of amounts payable after more than one year | 42 | - | €76,923 | +€76,923 | |
| Trade debts | 44 | €43,200 | €10,594 | -€32,606 | -75.5% |
| Suppliers | 440/4 | €43,200 | €10,594 | -€32,606 | -75.5% |
| Other amounts payable | 47/48 | €9,948 | €0 | -€9,948 | -100.0% |
| Accrued charges and deferred income | 492/3 | - | €122 | +€122 | |
| Turnover | 70 | €924,000 | €444,720 | -€479,280 | -51.9% |
| Goods, raw materials, services and sundry goods | 60/61 | €261,120 | €181,260 | -€79,860 | -30.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,642 | €20,313 | +€6,671 | +48.9% |
| Other operating charges | 640/8 | - | €155 | +€155 | |
| Gross operating margin | 9900 | €662,880 | €263,460 | -€399,420 | -60.3% |
| Operating profit (loss) | 9901 | €649,238 | €242,992 | -€406,246 | -62.6% |
| Financial income | 75/76B | €2,782 | €5,591 | +€2,809 | +101.0% |
| Recurring financial income | 75 | €2,782 | €5,591 | +€2,809 | +101.0% |
| Financial charges | 65/66B | €442 | €5,974 | +€5,532 | +1251.6% |
| Recurring financial charges | 65 | €442 | €5,974 | +€5,532 | +1251.6% |
| Profit (loss) for the period before taxes | 9903 | €651,578 | €242,609 | -€408,969 | -62.8% |
| Income taxes | 67/77 | €165,455 | €60,652 | -€104,803 | -63.3% |
| Profit (loss) for the period | 9904 | €486,123 | €181,957 | -€304,166 | -62.6% |
| Profit (loss) for the period to be appropriated | 9905 | €486,123 | €181,957 | -€304,166 | -62.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.