ELAN LANGUAGES: 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.
What changed
ELAN LANGUAGES
NACE 85.599, Other education
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€1.7m
2024 · €2.1m-€403,672
Equity
€2.1m
2024 · €1.2m+€870,554
Cash
€1.5m
2024 · €527,824+€969,484
Balance sheet total
€20.8m
2024 · €20.3m+€511,317
Largest movements
Assets
- Receivables within one year -€1.6m
down €1.6m (-53.9%), from €2.9m to €1.4m
of which Other amounts receivable: -€869,095
- Financial fixed assets +€1.3m
up €1.3m (+7.9%), from €16.0m to €17.2m
of which Affiliated companies: +€1.3m
- Cash +€969,484
up €969,484 (+183.7%), from €527,824 to €1.5m
mainly Net result for the year (+€1.7m) and Receivables within one year (+€1.6m)
Equity and liabilities
- Reserves +€870,554
up €870,554 (+88.5%), from €984,042 to €1.9m
of which Distributable reserves: +€870,554
- Debts after one year -€330,745
down €330,745 (-2.2%), from €15.0m to €14.7m
Income statement
- Turnover -€1.6m
down €1.6m (-15.8%), from €9.9m to €8.3m
- Goods and materials -€962,034
down €962,034 (-18.9%), from €5.1m to €4.1m
- Staff costs -€157,234
down €157,234 (-5.1%), from €3.1m to €2.9m
- Financial charges -€147,443
down €147,443 (-18.1%), from €815,787 to €668,343
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
€2.1m
Turnover
-€1.6m
Other operating income
-€2,942
Goods and materials
+€962,034
Services and other goods
-€34,896
Staff costs
+€157,234
Depreciation
-€7,838
Write-downs
-€1,252
Other operating charges
+€2,544
Other operating items
-€29,032
Financial income
-€37,844
Financial charges
+€147,443
Taxes
-€52
Result 2025
€1.7m
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.
From operations
+€3.4m
Investment
-€1.3m
Financing
-€1.1m
Cash 2024
€527,824
From operations (derived)
+€3.4m
Net result for the year
+€1.7m
Depreciation
+€172,452
Receivables within one year
+€1.6m
Deferred charges and accrued income
+€8,504
Trade debts
+€44,045
Tax, wage and social debts
-€61,328
Advances received
+€16,771
Other debts
+€31,172
Accrued charges and deferred income
-€59,152
Investment (derived)
-€1.3m
Investment in fixed assets (net)
-€1.3m
Financing
-€1.1m
Debts after one year
-€330,745
Contributions, distributions and other
-€800,000
Cash 2025
€1.5m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €20,256,109 | €20,767,426 | +€511,317 | +2.5% |
| Fixed assets | 21/28 | €16,746,540 | €17,885,325 | +€1.1m | +6.8% |
| Intangible fixed assets | 21 | €641,035 | €558,222 | -€82,813 | -12.9% |
| Tangible fixed assets | 22/27 | €151,549 | €104,877 | -€46,672 | -30.8% |
| Plant, machinery and equipment | 23 | €9,867 | €10,343 | +€476 | +4.8% |
| Furniture and vehicles | 24 | €115,339 | €74,149 | -€41,189 | -35.7% |
| Other tangible fixed assets | 26 | €26,343 | €20,384 | -€5,959 | -22.6% |
| Financial fixed assets | 28 | €15,953,957 | €17,222,227 | +€1.3m | +7.9% |
| Affiliated companies | 280/1 | €15,914,527 | €17,184,527 | +€1.3m | +8.0% |
| Participating interests | 280 | €15,914,527 | €17,184,527 | +€1.3m | +8.0% |
| Other financial fixed assets | 284/8 | €39,430 | €37,700 | -€1,730 | -4.4% |
| Amounts receivable and cash guarantees | 285/8 | €39,430 | €37,700 | -€1,730 | -4.4% |
| Current assets | 29/58 | €3,509,569 | €2,882,101 | -€627,468 | -17.9% |
| Amounts receivable within one year | 40/41 | €2,949,319 | €1,360,871 | -€1.6m | -53.9% |
| Trade receivables | 40 | €2,045,039 | €1,325,686 | -€719,353 | -35.2% |
| Other amounts receivable | 41 | €904,280 | €35,185 | -€869,095 | -96.1% |
| Cash at bank and in hand | 54/58 | €527,824 | €1,497,308 | +€969,484 | +183.7% |
| Deferred charges and accrued income | 490/1 | €32,426 | €23,923 | -€8,504 | -26.2% |
| Total equity and liabilities | 10/49 | €20,256,109 | €20,767,426 | +€511,317 | +2.5% |
| Equity | 10/15 | €1,203,110 | €2,073,665 | +€870,554 | +72.4% |
| Contributions | 10/11 | €219,069 | €219,069 | = | 0.0% |
| Capital | 10 | €219,069 | €219,069 | = | 0.0% |
| Issued capital | 100 | €219,069 | €219,069 | = | 0.0% |
| Reserves | 13 | €984,042 | €1,854,596 | +€870,554 | +88.5% |
| Non-distributable reserves | 130/1 | €21,907 | €21,907 | = | 0.0% |
| Legal reserve | 130 | €21,907 | €21,907 | = | 0.0% |
| Tax-exempt reserves | 132 | €476 | €476 | = | 0.0% |
| Distributable reserves | 133 | €961,658 | €1,832,213 | +€870,554 | +90.5% |
| Amounts payable | 17/49 | €19,052,999 | €18,693,761 | -€359,237 | -1.9% |
| Amounts payable after more than one year | 17 | €15,038,023 | €14,707,278 | -€330,745 | -2.2% |
| Financial debts | 170/4 | €15,038,023 | €14,707,278 | -€330,745 | -2.2% |
| Other loans | 174 | €15,038,023 | €14,707,278 | -€330,745 | -2.2% |
| Amounts payable within one year | 42/48 | €3,376,229 | €3,406,890 | +€30,660 | +0.9% |
| Trade debts | 44 | €903,010 | €947,055 | +€44,045 | +4.9% |
| Suppliers | 440/4 | €903,010 | €947,055 | +€44,045 | +4.9% |
| Advances received on contracts in progress | 46 | - | €16,771 | +€16,771 | |
| Taxes, remuneration and social security | 45 | €403,219 | €341,891 | -€61,328 | -15.2% |
| Taxes | 450/3 | €77,416 | €49,797 | -€27,619 | -35.7% |
| Remuneration and social security | 454/9 | €325,803 | €292,094 | -€33,709 | -10.3% |
| Other amounts payable | 47/48 | €2,070,000 | €2,101,172 | +€31,172 | +1.5% |
| Accrued charges and deferred income | 492/3 | €638,746 | €579,594 | -€59,152 | -9.3% |
| Operating income | 70/76A | €9,950,346 | €8,363,519 | -€1.6m | -15.9% |
| Turnover | 70 | €9,893,700 | €8,334,629 | -€1.6m | -15.8% |
| Other operating income | 74 | €27,207 | €24,266 | -€2,942 | -10.8% |
| Non-recurring operating income | 76A | €29,438 | €4,624 | -€24,814 | -84.3% |
| Operating charges | 60/66A | €9,107,674 | €8,034,067 | -€1.1m | -11.8% |
| Goods for resale, raw materials and consumables | 60 | €5,086,378 | €4,124,345 | -€962,034 | -18.9% |
| Purchases | 600/8 | €5,086,378 | €4,124,345 | -€962,034 | -18.9% |
| Services and other goods | 61 | €743,970 | €778,866 | +€34,896 | +4.7% |
| Remuneration, social security and pensions | 62 | €3,087,387 | €2,930,154 | -€157,234 | -5.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €164,614 | €172,452 | +€7,838 | +4.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€5,810 | -€4,558 | +€1,252 | +21.5% |
| Other operating charges | 640/8 | €15,135 | €12,591 | -€2,544 | -16.8% |
| Non-recurring operating charges | 66A | €16,000 | €20,218 | +€4,218 | +26.4% |
| Operating profit (loss) | 9901 | €842,671 | €329,452 | -€513,220 | -60.9% |
| Financial income | 75/76B | €2,047,751 | €2,009,908 | -€37,844 | -1.8% |
| Recurring financial income | 75 | €2,047,751 | €2,009,908 | -€37,844 | -1.8% |
| Income from financial fixed assets | 750 | €2,000,000 | €2,000,000 | = | 0.0% |
| Income from current assets | 751 | €40,992 | €8,074 | -€32,918 | -80.3% |
| Other financial income | 752/9 | €6,760 | €1,834 | -€4,926 | -72.9% |
| Financial charges | 65/66B | €815,787 | €668,343 | -€147,443 | -18.1% |
| Recurring financial charges | 65 | €815,787 | €668,343 | -€147,443 | -18.1% |
| Debt charges | 650 | €807,080 | €662,383 | -€144,697 | -17.9% |
| Other financial charges | 652/9 | €8,707 | €5,961 | -€2,746 | -31.5% |
| Profit (loss) for the period before taxes | 9903 | €2,074,636 | €1,671,016 | -€403,620 | -19.5% |
| Income taxes | 67/77 | €410 | €462 | +€52 | +12.7% |
| Taxes | 670/3 | €410 | €462 | +€52 | +12.7% |
| Profit (loss) for the period | 9904 | €2,074,226 | €1,670,554 | -€403,672 | -19.5% |
| Profit (loss) for the period to be appropriated | 9905 | €2,074,226 | €1,670,554 | -€403,672 | -19.5% |
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 4 October 2026 via checked.be.