ELAIR: 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.
ELAIR
Largest movements
- Tangible fixed assets +€46,387
up €46,387 (+966.8%), from €4,798 to €51,185
- Cash +€19,980
up €19,980 (+42.6%), from €46,873 to €66,853
mainly Debts after one year (+€37,056) and Net result for the year (+€14,658)
- Debts after one year +€37,056
new in 2025: €37,056
- Reserves +€14,659
up €14,659 (+33.1%), from €44,222 to €58,881
- Current portion of long-term debt +€9,940
new in 2025: €9,940
- Trade debts +€6,563
up €6,563 (+501.0%), from €1,310 to €7,873
- Tax, wage and social debts -€1,779
down €1,779 (-19.3%), from €9,238 to €7,459
of which Remuneration and social security: -€5,000
- Financial income +€10,201
up €10,201 (+1020100.0%), from €1 to €10,202
of which Non-recurring financial income: +€10,202
- Turnover -€3,787
down €3,787 (-3.4%), from €111,080 to €107,293
- Gross operating margin -€3,225
down €3,225 (-15.5%), from €20,831 to €17,606
- Depreciation -€2,279
down €2,279 (-27.1%), from €8,402 to €6,123
- Purchases and services +€1,982
up €1,982 (+2.1%), from €93,938 to €95,920
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 | €60,442 | €126,876 | +€66,434 | +109.9% |
| Fixed assets | 21/28 | €4,922 | €51,309 | +€46,387 | +942.4% |
| Tangible fixed assets | 22/27 | €4,798 | €51,185 | +€46,387 | +966.8% |
| Furniture and vehicles | 24 | €4,798 | €51,185 | +€46,387 | +966.8% |
| Financial fixed assets | 28 | €124 | €124 | = | 0.0% |
| Current assets | 29/58 | €55,520 | €75,567 | +€20,047 | +36.1% |
| Amounts receivable within one year | 40/41 | €8,647 | €8,714 | +€67 | +0.8% |
| Trade receivables | 40 | €8,000 | €7,817 | -€183 | -2.3% |
| Other amounts receivable | 41 | €647 | €897 | +€250 | +38.6% |
| Cash at bank and in hand | 54/58 | €46,873 | €66,853 | +€19,980 | +42.6% |
| Total equity and liabilities | 10/49 | €60,442 | €126,876 | +€66,434 | +109.9% |
| Equity | 10/15 | €48,222 | €62,881 | +€14,659 | +30.4% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €44,222 | €58,881 | +€14,659 | +33.1% |
| Distributable reserves | 133 | €44,222 | €58,881 | +€14,659 | +33.1% |
| Amounts payable | 17/49 | €12,220 | €63,995 | +€51,775 | +423.7% |
| Amounts payable after more than one year | 17 | - | €37,056 | +€37,056 | |
| Financial debts | 170/4 | - | €37,056 | +€37,056 | |
| Amounts payable within one year | 42/48 | €12,220 | €26,939 | +€14,719 | +120.5% |
| Current portion of amounts payable after more than one year | 42 | - | €9,940 | +€9,940 | |
| Trade debts | 44 | €1,310 | €7,873 | +€6,563 | +501.0% |
| Suppliers | 440/4 | €1,310 | €7,873 | +€6,563 | +501.0% |
| Taxes, remuneration and social security | 45 | €9,238 | €7,459 | -€1,779 | -19.3% |
| Taxes | 450/3 | €4,238 | €7,459 | +€3,221 | +76.0% |
| Remuneration and social security | 454/9 | €5,000 | - | -€5,000 | |
| Other amounts payable | 47/48 | €1,672 | €1,667 | -€5 | -0.3% |
| Turnover | 70 | €111,080 | €107,293 | -€3,787 | -3.4% |
| Goods, raw materials, services and sundry goods | 60/61 | €93,938 | €95,920 | +€1,982 | +2.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,402 | €6,123 | -€2,279 | -27.1% |
| Other operating charges | 640/8 | €916 | €518 | -€398 | -43.4% |
| Non-recurring operating charges | 66A | €29 | €12 | -€17 | -58.6% |
| Gross operating margin | 9900 | €20,831 | €17,606 | -€3,225 | -15.5% |
| Operating profit (loss) | 9901 | €11,484 | €10,953 | -€531 | -4.6% |
| Financial income | 75/76B | €1 | €10,202 | +€10,201 | +1020100.0% |
| Recurring financial income | 75 | €1 | €10,202 | +€10,201 | +1020100.0% |
| Non-recurring financial income | 76B | - | €10,202 | +€10,202 | |
| Financial charges | 65/66B | €130 | €936 | +€806 | +620.0% |
| Recurring financial charges | 65 | €130 | €936 | +€806 | +620.0% |
| Profit (loss) for the period before taxes | 9903 | €11,355 | €20,219 | +€8,864 | +78.1% |
| Income taxes | 67/77 | €4,298 | €5,561 | +€1,263 | +29.4% |
| Profit (loss) for the period | 9904 | €7,057 | €14,658 | +€7,601 | +107.7% |
| Profit (loss) for the period to be appropriated | 9905 | €7,057 | €14,658 | +€7,601 | +107.7% |
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 10 October 2026 via checked.be.