ELAN: 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.
ELAN
Largest movements
- Tangible fixed assets -€97,212
down €97,212 (-9.1%), from €1.1m to €971,314
of which Land and buildings: -€59,062
- Receivables within one year -€37,662
down €37,662 (-54.5%), from €69,072 to €31,410
of which Trade receivables: -€23,769
- Cash +€20,116
up €20,116 (+12.2%), from €164,896 to €185,012
mainly Net result for the year (+€143,899) and Depreciation (+€105,089)
- Trade debts -€149,674
down €149,674 (-97.6%), from €153,386 to €3,712
- Accrued charges and deferred income -€118,992
down €118,992 (-27.4%), from €433,809 to €314,818
- Reserves +€85,324
up €85,324 (+38.5%), from €221,514 to €306,838
- Profit (loss) carried forward +€58,575
no longer reported in 2025 (was -€58,575)
- Debts after one year -€44,793
down €44,793 (-9.6%), from €467,450 to €422,656
- Gross operating margin +€224,020
up €224,020 (+233.5%), from €95,948 to €319,968
- Taxes +€60,331
up €60,331 (+26427.5%), from €228 to €60,560
- Depreciation -€3,862
down €3,862 (-3.5%), from €108,951 to €105,089
- Financial income +€3,548
up €3,548 (+1048.7%), from €338 to €3,887
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 | €1,317,116 | €1,190,744 | -€126,372 | -9.6% |
| Fixed assets | 21/28 | €1,071,103 | €971,314 | -€99,789 | -9.3% |
| Intangible fixed assets | 21 | €2,577 | - | -€2,577 | |
| Tangible fixed assets | 22/27 | €1,068,526 | €971,314 | -€97,212 | -9.1% |
| Land and buildings | 22 | €962,002 | €902,940 | -€59,062 | -6.1% |
| Plant, machinery and equipment | 23 | €17,939 | €11,869 | -€6,070 | -33.8% |
| Furniture and vehicles | 24 | €88,585 | €56,505 | -€32,080 | -36.2% |
| Current assets | 29/58 | €246,012 | €219,429 | -€26,583 | -10.8% |
| Amounts receivable within one year | 40/41 | €69,072 | €31,410 | -€37,662 | -54.5% |
| Trade receivables | 40 | €23,769 | - | -€23,769 | |
| Other amounts receivable | 41 | €45,303 | €31,410 | -€13,893 | -30.7% |
| Cash at bank and in hand | 54/58 | €164,896 | €185,012 | +€20,116 | +12.2% |
| Deferred charges and accrued income | 490/1 | €12,044 | €3,007 | -€9,037 | -75.0% |
| Total equity and liabilities | 10/49 | €1,317,116 | €1,190,744 | -€126,372 | -9.6% |
| Equity | 10/15 | €175,339 | €319,238 | +€143,899 | +82.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €221,514 | €306,838 | +€85,324 | +38.5% |
| Distributable reserves | 133 | €221,514 | €306,838 | +€85,324 | +38.5% |
| Profit (loss) carried forward | 14 | -€58,575 | - | +€58,575 | |
| Provisions and deferred taxes | 16 | €21,000 | €21,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €21,000 | €21,000 | = | 0.0% |
| Pensions and similar obligations | 160 | €21,000 | €21,000 | = | 0.0% |
| Amounts payable | 17/49 | €1,120,777 | €850,506 | -€270,271 | -24.1% |
| Amounts payable after more than one year | 17 | €467,450 | €422,656 | -€44,793 | -9.6% |
| Financial debts | 170/4 | €467,450 | €422,656 | -€44,793 | -9.6% |
| Amounts payable within one year | 42/48 | €219,518 | €113,032 | -€106,486 | -48.5% |
| Current portion of amounts payable after more than one year | 42 | €43,926 | €44,793 | +€867 | +2.0% |
| Trade debts | 44 | €153,386 | €3,712 | -€149,674 | -97.6% |
| Suppliers | 440/4 | €153,386 | €3,712 | -€149,674 | -97.6% |
| Taxes, remuneration and social security | 45 | €22,206 | €64,527 | +€42,320 | +190.6% |
| Taxes | 450/3 | €22,206 | €64,527 | +€42,320 | +190.6% |
| Accrued charges and deferred income | 492/3 | €433,809 | €314,818 | -€118,992 | -27.4% |
| Non-recurring operating income | 76A | €1,000 | €11,741 | +€10,741 | +1074.1% |
| Remuneration, social security and pensions | 62 | €142 | €843 | +€702 | +495.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €108,951 | €105,089 | -€3,862 | -3.5% |
| Other operating charges | 640/8 | €3,620 | €4,420 | +€800 | +22.1% |
| Gross operating margin | 9900 | €95,948 | €319,968 | +€224,020 | +233.5% |
| Operating profit (loss) | 9901 | -€16,765 | €209,616 | +€226,381 | |
| Financial income | 75/76B | €338 | €3,887 | +€3,548 | +1048.7% |
| Recurring financial income | 75 | €338 | €3,887 | +€3,548 | +1048.7% |
| Financial charges | 65/66B | €9,857 | €9,044 | -€813 | -8.2% |
| Recurring financial charges | 65 | €9,857 | €9,044 | -€813 | -8.2% |
| Profit (loss) for the period before taxes | 9903 | -€26,283 | €204,459 | +€230,742 | |
| Income taxes | 67/77 | €228 | €60,560 | +€60,331 | +26427.5% |
| Profit (loss) for the period | 9904 | -€26,511 | €143,899 | +€170,410 | |
| Profit (loss) for the period to be appropriated | 9905 | -€26,511 | €143,899 | +€170,410 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.