ELAN CREATION: 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 CREATION
Largest movements
- Financial fixed assets +€40,000
up €40,000 (+142.4%), from €28,099 to €68,099
- Cash -€17,756
down €17,756 (-69.8%), from €25,452 to €7,697
mainly Investment in fixed assets (net) (-€41,816) and Other debts (-€3,578)
- Receivables within one year +€2,477
up €2,477 (+167.9%), from €1,475 to €3,952
of which Other amounts receivable: +€1,661
- Deferred charges and accrued income -€1,490
down €1,490 (-21.6%), from €6,896 to €5,406
- Reserves +€16,942
up €16,942 (+820.5%), from €2,065 to €19,007
- Debts after one year +€4,901
up €4,901 (+30.6%), from €16,011 to €20,912
- Other debts -€3,578
down €3,578 (-12.0%), from €29,844 to €26,265
- Current portion of long-term debt +€3,043
up €3,043 (+63.7%), from €4,777 to €7,820
- Tax, wage and social debts +€1,728
up €1,728 (+31.3%), from €5,513 to €7,240
- Financial income +€9,993
up €9,993 (+16159.7%), from €62 to €10,055
- Gross operating margin +€9,909
up €9,909 (+63.5%), from €15,600 to €25,510
- Taxes +€3,861
up €3,861 (+574.3%), from €672 to €4,533
- Financial charges +€1,133
up €1,133 (+65.2%), from €1,738 to €2,870
- Other operating charges +€684
up €684 (+7.8%), from €8,809 to €9,493
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 | €65,205 | €88,526 | +€23,321 | +35.8% |
| Formation expenses | 20 | €1,809 | €1,241 | -€569 | -31.4% |
| Fixed assets | 21/28 | €29,572 | €70,231 | +€40,658 | +137.5% |
| Tangible fixed assets | 22/27 | €1,473 | €2,132 | +€658 | +44.7% |
| Plant, machinery and equipment | 23 | €1,473 | €1,659 | +€185 | +12.6% |
| Furniture and vehicles | 24 | - | €473 | +€473 | |
| Financial fixed assets | 28 | €28,099 | €68,099 | +€40,000 | +142.4% |
| Current assets | 29/58 | €33,824 | €17,055 | -€16,769 | -49.6% |
| Amounts receivable within one year | 40/41 | €1,475 | €3,952 | +€2,477 | +167.9% |
| Trade receivables | 40 | €1,475 | €2,290 | +€815 | +55.3% |
| Other amounts receivable | 41 | - | €1,661 | +€1,661 | |
| Cash at bank and in hand | 54/58 | €25,452 | €7,697 | -€17,756 | -69.8% |
| Deferred charges and accrued income | 490/1 | €6,896 | €5,406 | -€1,490 | -21.6% |
| Total equity and liabilities | 10/49 | €65,205 | €88,526 | +€23,321 | +35.8% |
| Equity | 10/15 | €7,065 | €24,007 | +€16,942 | +239.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €2,065 | €19,007 | +€16,942 | +820.5% |
| Distributable reserves | 133 | €2,065 | €19,007 | +€16,942 | +820.5% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €58,140 | €64,519 | +€6,379 | +11.0% |
| Amounts payable after more than one year | 17 | €16,011 | €20,912 | +€4,901 | +30.6% |
| Financial debts | 170/4 | €16,011 | €20,912 | +€4,901 | +30.6% |
| Amounts payable within one year | 42/48 | €42,118 | €43,596 | +€1,478 | +3.5% |
| Current portion of amounts payable after more than one year | 42 | €4,777 | €7,820 | +€3,043 | +63.7% |
| Financial debts | 43 | - | €563 | +€563 | |
| Credit institutions | 430/8 | - | €563 | +€563 | |
| Trade debts | 44 | €1,984 | €1,707 | -€277 | -13.9% |
| Suppliers | 440/4 | €1,984 | €1,707 | -€277 | -13.9% |
| Taxes, remuneration and social security | 45 | €5,513 | €7,240 | +€1,728 | +31.3% |
| Taxes | 450/3 | €5,513 | €7,240 | +€1,728 | +31.3% |
| Other amounts payable | 47/48 | €29,844 | €26,265 | -€3,578 | -12.0% |
| Accrued charges and deferred income | 492/3 | €11 | €11 | -€0 | -0.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,270 | €1,726 | +€456 | +35.9% |
| Other operating charges | 640/8 | €8,809 | €9,493 | +€684 | +7.8% |
| Gross operating margin | 9900 | €15,600 | €25,510 | +€9,909 | +63.5% |
| Operating profit (loss) | 9901 | €5,521 | €14,291 | +€8,769 | +158.8% |
| Financial income | 75/76B | €62 | €10,055 | +€9,993 | +16159.7% |
| Recurring financial income | 75 | €62 | €10,055 | +€9,993 | +16159.7% |
| Financial charges | 65/66B | €1,738 | €2,870 | +€1,133 | +65.2% |
| Recurring financial charges | 65 | €1,738 | €2,870 | +€1,133 | +65.2% |
| Profit (loss) for the period before taxes | 9903 | €3,845 | €21,475 | +€17,630 | +458.5% |
| Income taxes | 67/77 | €672 | €4,533 | +€3,861 | +574.3% |
| Profit (loss) for the period | 9904 | €3,173 | €16,942 | +€13,770 | +434.0% |
| Profit (loss) for the period to be appropriated | 9905 | €3,173 | €16,942 | +€13,770 | +434.0% |
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.