ELANCE: 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.
ELANCE
Largest movements
- Current investments -€276,400
down €276,400 (-77.7%), from €355,600 to €79,200
- Receivables within one year +€162,872
up €162,872 (+446%), from €36,528 to €199,400
of which Other amounts receivable: +€137,988
- Stocks and contracts +€157,883
new in 2025: €157,883
- Financial fixed assets +€76,000
up €76,000 (+22.6%), from €336,945 to €412,945
- Cash +€25,029
up €25,029 (+187%), from €13,403 to €38,432
mainly Current investments (+€276,400) and Other debts (+€83,496)
- Other debts +€83,496
up €83,496 (+26.8%), from €310,997 to €394,493
- Accrued charges and deferred income +€21,247
new in 2025: €21,247
- Debts after one year -€19,699
down €19,699 (-15.6%), from €126,298 to €106,599
- Reserves +€18,600
up €18,600 (+6.7%), from €277,862 to €296,462
- Profit (loss) carried forward +€13,969
up €13,969, from -€13,969 to €0
- Gross operating margin +€27,593
up €27,593 (+298%), from €9,255 to €36,848
- Financial charges -€17,283
down €17,283 (-90.4%), from €19,128 to €1,845
- Financial income +€2,779
up €2,779 (+12.9%), from €21,567 to €24,345
- Taxes +€961
up €961 (+86.4%), from €1,112 to €2,073
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 | €1,129,872 | €1,250,610 | +€120,738 | +10.7% |
| Fixed assets | 21/28 | €720,537 | €774,269 | +€53,733 | +7.5% |
| Tangible fixed assets | 22/27 | €383,592 | €361,325 | -€22,267 | -5.8% |
| Land and buildings | 22 | €335,461 | €328,909 | -€6,552 | -2.0% |
| Furniture and vehicles | 24 | €40,911 | €27,983 | -€12,928 | -31.6% |
| Other tangible fixed assets | 26 | €7,220 | €4,433 | -€2,787 | -38.6% |
| Financial fixed assets | 28 | €336,945 | €412,945 | +€76,000 | +22.6% |
| Current assets | 29/58 | €409,335 | €476,341 | +€67,006 | +16.4% |
| Stocks and contracts in progress | 3 | - | €157,883 | +€157,883 | |
| Contracts in progress | 37 | - | €157,883 | +€157,883 | |
| Amounts receivable within one year | 40/41 | €36,528 | €199,400 | +€162,872 | +446% |
| Trade receivables | 40 | €2,076 | €26,960 | +€24,884 | +1,199% |
| Other amounts receivable | 41 | €34,452 | €172,440 | +€137,988 | +401% |
| Current investments | 50/53 | €355,600 | €79,200 | -€276,400 | -77.7% |
| Cash at bank and in hand | 54/58 | €13,403 | €38,432 | +€25,029 | +187% |
| Deferred charges and accrued income | 490/1 | €3,803 | €1,426 | -€2,378 | -62.5% |
| Total equity and liabilities | 10/49 | €1,129,872 | €1,250,610 | +€120,738 | +10.7% |
| Equity | 10/15 | €663,893 | €696,462 | +€32,569 | +4.9% |
| Contributions | 10/11 | €400,000 | €400,000 | = | 0.0% |
| Reserves | 13 | €277,862 | €296,462 | +€18,600 | +6.7% |
| Distributable reserves | 133 | €277,862 | €296,462 | +€18,600 | +6.7% |
| Profit (loss) carried forward | 14 | -€13,969 | €0 | +€13,969 | |
| Amounts payable | 17/49 | €465,979 | €554,148 | +€88,169 | +18.9% |
| Amounts payable after more than one year | 17 | €126,298 | €106,599 | -€19,699 | -15.6% |
| Financial debts | 170/4 | €126,298 | €106,599 | -€19,699 | -15.6% |
| Amounts payable within one year | 42/48 | €339,681 | €426,302 | +€86,621 | +25.5% |
| Current portion of amounts payable after more than one year | 42 | €19,373 | €19,699 | +€326 | +1.7% |
| Trade debts | 44 | €6,511 | €8,058 | +€1,547 | +23.8% |
| Suppliers | 440/4 | €6,511 | €8,058 | +€1,547 | +23.8% |
| Taxes, remuneration and social security | 45 | €2,801 | €4,052 | +€1,251 | +44.7% |
| Taxes | 450/3 | €2,801 | €4,052 | +€1,251 | +44.7% |
| Other amounts payable | 47/48 | €310,997 | €394,493 | +€83,496 | +26.8% |
| Accrued charges and deferred income | 492/3 | - | €21,247 | +€21,247 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,267 | €22,267 | = | 0.0% |
| Other operating charges | 640/8 | €2,283 | €2,440 | +€156 | +6.8% |
| Gross operating margin | 9900 | €9,255 | €36,848 | +€27,593 | +298% |
| Operating profit (loss) | 9901 | -€15,296 | €12,141 | +€27,437 | |
| Financial income | 75/76B | €21,567 | €24,345 | +€2,779 | +12.9% |
| Recurring financial income | 75 | €21,567 | €24,345 | +€2,779 | +12.9% |
| Financial charges | 65/66B | €19,128 | €1,845 | -€17,283 | -90.4% |
| Recurring financial charges | 65 | €19,128 | €1,845 | -€17,283 | -90.4% |
| Profit (loss) for the period before taxes | 9903 | -€12,857 | €34,642 | +€47,499 | |
| Income taxes | 67/77 | €1,112 | €2,073 | +€961 | +86.4% |
| Profit (loss) for the period | 9904 | -€13,969 | €32,569 | +€46,538 | |
| Profit (loss) for the period to be appropriated | 9905 | -€13,969 | €32,569 | +€46,538 |
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 15 October 2026 via checked.be.