Elajon: 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.
Elajon
Largest movements
- Tangible fixed assets +€379,796
up €379,796 (+1,174%), from €32,347 to €412,143
of which Land and buildings: +€394,809
- Cash -€71,796
down €71,796 (-73.5%), from €97,741 to €25,945
mainly Investment in fixed assets (net) (-€413,200) and Contributions, distributions and other (-€70,000)
- Receivables within one year +€14,350
up €14,350 (+303%), from €4,729 to €19,079
of which Trade receivables: +€16,152
- Debts after one year +€291,846
up €291,846 (+2,634%), from €11,081 to €302,927
- Other debts +€55,244
new in 2025: €55,244
- Reserves -€46,854
down €46,854 (-48.9%), from €95,894 to €49,040
- Current portion of long-term debt +€16,126
up €16,126 (+123%), from €13,094 to €29,221
- Tax, wage and social debts +€7,959
up €7,959 (+73.0%), from €10,902 to €18,861
- Gross operating margin +€25,183
up €25,183 (+54.1%), from €46,530 to €71,714
- Depreciation +€16,839
up €16,839 (+102%), from €16,565 to €33,404
- Financial charges +€3,209
up €3,209 (+497%), from €645 to €3,854
- Taxes +€1,378
up €1,378 (+19.4%), from €7,118 to €8,496
- Other operating charges +€1,034
up €1,034 (+58.1%), from €1,780 to €2,813
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
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 | €136,854 | €460,581 | +€323,727 | +237% |
| Fixed assets | 21/28 | €32,347 | €412,143 | +€379,796 | +1,174% |
| Tangible fixed assets | 22/27 | €32,347 | €412,143 | +€379,796 | +1,174% |
| Land and buildings | 22 | - | €394,809 | +€394,809 | |
| Furniture and vehicles | 24 | €2,931 | €763 | -€2,168 | -74.0% |
| Leasing and similar rights | 25 | €29,416 | €16,571 | -€12,845 | -43.7% |
| Current assets | 29/58 | €104,507 | €48,438 | -€56,070 | -53.7% |
| Amounts receivable within one year | 40/41 | €4,729 | €19,079 | +€14,350 | +303% |
| Trade receivables | 40 | €1,171 | €17,323 | +€16,152 | +1,379% |
| Other amounts receivable | 41 | €3,558 | €1,756 | -€1,802 | -50.6% |
| Cash at bank and in hand | 54/58 | €97,741 | €25,945 | -€71,796 | -73.5% |
| Deferred charges and accrued income | 490/1 | €2,037 | €3,414 | +€1,377 | +67.6% |
| Total equity and liabilities | 10/49 | €136,854 | €460,581 | +€323,727 | +237% |
| Equity | 10/15 | €98,394 | €51,540 | -€46,854 | -47.6% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €95,894 | €49,040 | -€46,854 | -48.9% |
| Distributable reserves | 133 | €95,894 | €49,040 | -€46,854 | -48.9% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €38,461 | €409,041 | +€370,581 | +964% |
| Amounts payable after more than one year | 17 | €11,081 | €302,927 | +€291,846 | +2,634% |
| Financial debts | 170/4 | €11,081 | €302,927 | +€291,846 | +2,634% |
| Amounts payable within one year | 42/48 | €27,380 | €106,114 | +€78,734 | +288% |
| Current portion of amounts payable after more than one year | 42 | €13,094 | €29,221 | +€16,126 | +123% |
| Trade debts | 44 | €3,384 | €2,789 | -€595 | -17.6% |
| Suppliers | 440/4 | €3,384 | €2,789 | -€595 | -17.6% |
| Taxes, remuneration and social security | 45 | €10,902 | €18,861 | +€7,959 | +73.0% |
| Taxes | 450/3 | €10,902 | €18,861 | +€7,959 | +73.0% |
| Other amounts payable | 47/48 | - | €55,244 | +€55,244 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,565 | €33,404 | +€16,839 | +102% |
| Other operating charges | 640/8 | €1,780 | €2,813 | +€1,034 | +58.1% |
| Gross operating margin | 9900 | €46,530 | €71,714 | +€25,183 | +54.1% |
| Operating profit (loss) | 9901 | €28,186 | €35,497 | +€7,311 | +25.9% |
| Financial income | 75/76B | €45 | €0 | -€45 | -100.0% |
| Recurring financial income | 75 | €45 | €0 | -€45 | -100.0% |
| Financial charges | 65/66B | €645 | €3,854 | +€3,209 | +497% |
| Recurring financial charges | 65 | €645 | €3,854 | +€3,209 | +497% |
| Profit (loss) for the period before taxes | 9903 | €27,585 | €31,642 | +€4,057 | +14.7% |
| Income taxes | 67/77 | €7,118 | €8,496 | +€1,378 | +19.4% |
| Profit (loss) for the period | 9904 | €20,467 | €23,146 | +€2,679 | +13.1% |
| Profit (loss) for the period to be appropriated | 9905 | €20,467 | €23,146 | +€2,679 | +13.1% |
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 17 October 2026 via checked.be.