ELAIS IMMO: 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.
What changed
ELAIS IMMO
NACE 55.100, Hotels and similar accommodation
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€142,787
2024 · -€121,141-€21,646
Equity
€10.3m
2024 · €10.5m-€153,067
Cash
€82,920
2024 · €134,474-€51,554
Balance sheet total
€13.3m
2024 · €13.6m-€299,428
Largest movements
Assets
- Tangible fixed assets -€194,477
down €194,477 (-3.8%), from €5.1m to €4.9m
of which Furniture and vehicles: -€102,942
Equity and liabilities
- Debts after one year -€157,975
down €157,975 (-6.2%), from €2.5m to €2.4m
- Profit (loss) carried forward -€142,787
down €142,787 (-18.8%), from €760,545 to €617,758
Income statement
- Staff costs +€51,054
up €51,054 (+22.6%), from €225,408 to €276,462
- Depreciation -€15,974
down €15,974 (-6.2%), from €256,305 to €240,331
- Gross operating margin +€15,888
up €15,888 (+4.4%), from €358,343 to €374,231
- Turnover +€11,159
up €11,159 (+1.2%), from €935,103 to €946,262
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.
Result 2024
-€121,141
Gross operating margin
+€15,888
Staff costs
-€51,054
Depreciation
+€15,974
Other operating charges
-€1,962
Financial income
-€265
Financial charges
-€227
Result 2025
-€142,787
raises the resultlowers the result
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.
From operations
+€162,398
Investment
-€45,854
Financing
-€168,098
Cash 2024
€134,474
From operations (derived)
+€162,398
Net result for the year
-€142,787
Depreciation
+€240,331
Receivables within one year
+€50,613
Deferred charges and accrued income
+€2,783
Trade debts
+€16,591
Tax, wage and social debts
-€4,484
Accrued charges and deferred income
-€650
Investment (derived)
-€45,854
Investment in fixed assets (net)
-€45,854
Financing
-€168,098
Debts after one year
-€157,975
Current portion of long-term debt
+€158
Contributions, distributions and other
-€10,281
Cash 2025
€82,920
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €13,596,464 | €13,297,037 | -€299,428 | -2.2% |
| Fixed assets | 21/28 | €13,324,487 | €13,130,010 | -€194,477 | -1.5% |
| Tangible fixed assets | 22/27 | €5,124,487 | €4,930,010 | -€194,477 | -3.8% |
| Land and buildings | 22 | €4,951,422 | €4,859,887 | -€91,535 | -1.8% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €173,065 | €70,123 | -€102,942 | -59.5% |
| Financial fixed assets | 28 | €8,200,000 | €8,200,000 | = | 0.0% |
| Current assets | 29/58 | €271,977 | €167,027 | -€104,951 | -38.6% |
| Amounts receivable within one year | 40/41 | €126,070 | €75,457 | -€50,613 | -40.1% |
| Trade receivables | 40 | €1,489 | €25,291 | +€23,802 | +1,599% |
| Other amounts receivable | 41 | €124,582 | €50,166 | -€74,416 | -59.7% |
| Cash at bank and in hand | 54/58 | €134,474 | €82,920 | -€51,554 | -38.3% |
| Deferred charges and accrued income | 490/1 | €11,433 | €8,649 | -€2,783 | -24.3% |
| Total equity and liabilities | 10/49 | €13,596,464 | €13,297,037 | -€299,428 | -2.2% |
| Equity | 10/15 | €10,501,705 | €10,348,637 | -€153,067 | -1.5% |
| Contributions | 10/11 | €9,200,000 | €9,200,000 | = | 0.0% |
| Reserves | 13 | €370,405 | €370,405 | = | 0.0% |
| Non-distributable reserves | 130/1 | €114,874 | €114,874 | = | 0.0% |
| Reserves not available under the articles | 1311 | €114,874 | €114,874 | = | 0.0% |
| Tax-exempt reserves | 132 | €187,324 | €187,324 | = | 0.0% |
| Distributable reserves | 133 | €68,207 | €68,207 | = | 0.0% |
| Profit (loss) carried forward | 14 | €760,545 | €617,758 | -€142,787 | -18.8% |
| Investment grants | 15 | €170,755 | €160,474 | -€10,281 | -6.0% |
| Amounts payable | 17/49 | €3,094,759 | €2,948,399 | -€146,360 | -4.7% |
| Amounts payable after more than one year | 17 | €2,546,648 | €2,388,673 | -€157,975 | -6.2% |
| Other amounts payable | 178/9 | €2,546,648 | €2,388,673 | -€157,975 | -6.2% |
| Amounts payable within one year | 42/48 | €547,461 | €559,726 | +€12,265 | +2.2% |
| Current portion of amounts payable after more than one year | 42 | €157,817 | €157,975 | +€158 | +0.1% |
| Trade debts | 44 | €355,298 | €371,889 | +€16,591 | +4.7% |
| Suppliers | 440/4 | €355,298 | €371,889 | +€16,591 | +4.7% |
| Taxes, remuneration and social security | 45 | €33,107 | €28,623 | -€4,484 | -13.5% |
| Taxes | 450/3 | €1,749 | €1,500 | -€248 | -14.2% |
| Remuneration and social security | 454/9 | €31,358 | €27,122 | -€4,235 | -13.5% |
| Other amounts payable | 47/48 | €1,239 | €1,239 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €650 | €0 | -€650 | -100% |
| Turnover | 70 | €935,103 | €946,262 | +€11,159 | +1.2% |
| Non-recurring operating income | 76A | €25,616 | €36,453 | +€10,838 | +42.3% |
| Goods, raw materials, services and sundry goods | 60/61 | €602,376 | €608,485 | +€6,108 | +1.0% |
| Remuneration, social security and pensions | 62 | €225,408 | €276,462 | +€51,054 | +22.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €256,305 | €240,331 | -€15,974 | -6.2% |
| Other operating charges | 640/8 | €5,106 | €7,068 | +€1,962 | +38.4% |
| Gross operating margin | 9900 | €358,343 | €374,231 | +€15,888 | +4.4% |
| Operating profit (loss) | 9901 | -€128,477 | -€149,630 | -€21,153 | -16.5% |
| Financial income | 75/76B | €10,546 | €10,281 | -€265 | -2.5% |
| Recurring financial income | 75 | €10,546 | €10,281 | -€265 | -2.5% |
| Financial charges | 65/66B | €3,211 | €3,438 | +€227 | +7.1% |
| Recurring financial charges | 65 | €3,211 | €3,438 | +€227 | +7.1% |
| Profit (loss) for the period before taxes | 9903 | -€121,141 | -€142,787 | -€21,646 | -17.9% |
| Profit (loss) for the period | 9904 | -€121,141 | -€142,787 | -€21,646 | -17.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€121,141 | -€142,787 | -€21,646 | -17.9% |
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 27 October 2026 via checked.be.