Elan: 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.
Elan
Largest movements
- Cash +€79,806
up €79,806 (+1084.5%), from €7,359 to €87,165
mainly Tax, wage and social debts (+€88,564) and Net result for the year (+€43,686)
- Tangible fixed assets +€31,359
up €31,359 (+1202.3%), from €2,608 to €33,967
of which Furniture and vehicles: +€32,510
- Receivables within one year +€9,891
up €9,891 (+532.0%), from €1,859 to €11,750
- Tax, wage and social debts +€88,564
up €88,564 (+14686.3%), from €603 to €89,167
of which Remuneration and social security: +€68,306
- Reserves +€39,619
new in 2025: €39,619
- Other debts -€9,738
no longer reported in 2025 (was €9,738)
- Profit (loss) carried forward +€4,067
no longer reported in 2025 (was -€4,067)
- Gross operating margin +€61,946
up €61,946 (+8768.2%), from €706 to €62,652
- Taxes +€10,759
new in 2025: €10,759
- Depreciation +€6,333
up €6,333 (+475.4%), from €1,332 to €7,665
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 | €11,826 | €133,213 | +€121,386 | +1026.4% |
| Fixed assets | 21/28 | €2,608 | €33,967 | +€31,359 | +1202.3% |
| Tangible fixed assets | 22/27 | €2,608 | €33,967 | +€31,359 | +1202.3% |
| Land and buildings | 22 | €2,608 | €1,457 | -€1,152 | -44.1% |
| Furniture and vehicles | 24 | - | €32,510 | +€32,510 | |
| Current assets | 29/58 | €9,218 | €99,245 | +€90,027 | +976.7% |
| Amounts receivable within one year | 40/41 | €1,859 | €11,750 | +€9,891 | +532.0% |
| Trade receivables | 40 | €1,859 | €11,750 | +€9,891 | +532.0% |
| Cash at bank and in hand | 54/58 | €7,359 | €87,165 | +€79,806 | +1084.5% |
| Deferred charges and accrued income | 490/1 | - | €331 | +€331 | |
| Total equity and liabilities | 10/49 | €11,826 | €133,213 | +€121,386 | +1026.4% |
| Equity | 10/15 | -€67 | €43,619 | +€43,686 | |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | - | €39,619 | +€39,619 | |
| Distributable reserves | 133 | - | €39,619 | +€39,619 | |
| Profit (loss) carried forward | 14 | -€4,067 | - | +€4,067 | |
| Amounts payable | 17/49 | €11,894 | €89,594 | +€77,700 | +653.3% |
| Amounts payable within one year | 42/48 | €11,894 | €89,594 | +€77,700 | +653.3% |
| Trade debts | 44 | €1,553 | €427 | -€1,127 | -72.5% |
| Suppliers | 440/4 | €1,553 | €427 | -€1,127 | -72.5% |
| Taxes, remuneration and social security | 45 | €603 | €89,167 | +€88,564 | +14686.3% |
| Taxes | 450/3 | €603 | €20,861 | +€20,258 | +3359.3% |
| Remuneration and social security | 454/9 | - | €68,306 | +€68,306 | |
| Other amounts payable | 47/48 | €9,738 | - | -€9,738 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,332 | €7,665 | +€6,333 | +475.4% |
| Other operating charges | 640/8 | €310 | €470 | +€161 | +51.9% |
| Gross operating margin | 9900 | €706 | €62,652 | +€61,946 | +8768.2% |
| Operating profit (loss) | 9901 | -€935 | €54,517 | +€55,452 | |
| Financial charges | 65/66B | €90 | €72 | -€18 | -20.2% |
| Recurring financial charges | 65 | €90 | €72 | -€18 | -20.2% |
| Profit (loss) for the period before taxes | 9903 | -€1,025 | €54,445 | +€55,471 | |
| Income taxes | 67/77 | - | €10,759 | +€10,759 | |
| Profit (loss) for the period | 9904 | -€1,025 | €43,686 | +€44,712 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,025 | €43,686 | +€44,712 |
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 5 October 2026 via checked.be.