ELANET: 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.
ELANET
Largest movements
- Cash +€16,346
up €16,346 (+12.2%), from €133,932 to €150,278
mainly Net result for the year (+€66,707) and Depreciation (+€12,518)
- Tangible fixed assets -€11,702
down €11,702 (-4.8%), from €242,415 to €230,713
of which Land and buildings: -€7,250
- Reserves +€66,707
up €66,707 (+24.1%), from €276,465 to €343,172
of which Distributable reserves: +€66,707
- Other debts -€47,257
no longer reported in 2025 (was €47,257)
- Debts after one year -€18,986
no longer reported in 2025 (was €18,986)
- Trade debts +€4,139
up €4,139 (+566.0%), from €731 to €4,870
- Gross operating margin +€14,587
up €14,587 (+16.0%), from €90,943 to €105,530
- Taxes +€4,050
up €4,050 (+17.9%), from €22,575 to €26,625
- Depreciation +€2,621
up €2,621 (+26.5%), from €9,897 to €12,518
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 | €405,129 | €412,083 | +€6,953 | +1.7% |
| Fixed assets | 21/28 | €242,415 | €230,713 | -€11,702 | -4.8% |
| Tangible fixed assets | 22/27 | €242,415 | €230,713 | -€11,702 | -4.8% |
| Land and buildings | 22 | €224,750 | €217,500 | -€7,250 | -3.2% |
| Furniture and vehicles | 24 | €15,254 | €11,206 | -€4,047 | -26.5% |
| Other tangible fixed assets | 26 | €2,411 | €2,007 | -€404 | -16.8% |
| Current assets | 29/58 | €162,715 | €181,370 | +€18,655 | +11.5% |
| Amounts receivable within one year | 40/41 | €27,336 | €28,908 | +€1,572 | +5.8% |
| Trade receivables | 40 | €22,749 | €25,420 | +€2,672 | +11.7% |
| Other amounts receivable | 41 | €4,588 | €3,488 | -€1,100 | -24.0% |
| Cash at bank and in hand | 54/58 | €133,932 | €150,278 | +€16,346 | +12.2% |
| Deferred charges and accrued income | 490/1 | €1,447 | €2,183 | +€737 | +50.9% |
| Total equity and liabilities | 10/49 | €405,129 | €412,083 | +€6,953 | +1.7% |
| Equity | 10/15 | €296,911 | €363,733 | +€66,822 | +22.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €276,465 | €343,172 | +€66,707 | +24.1% |
| Non-distributable reserves | 130/1 | €6,003 | €6,003 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,375 | €3,375 | = | 0.0% |
| Other | 1319 | €2,628 | €2,628 | = | 0.0% |
| Distributable reserves | 133 | €270,462 | €337,169 | +€66,707 | +24.7% |
| Profit (loss) carried forward | 14 | €1,846 | €1,961 | +€115 | +6.2% |
| Amounts payable | 17/49 | €108,218 | €48,349 | -€59,869 | -55.3% |
| Amounts payable after more than one year | 17 | €18,986 | - | -€18,986 | |
| Financial debts | 170/4 | €18,986 | - | -€18,986 | |
| Amounts payable within one year | 42/48 | €89,232 | €47,949 | -€41,282 | -46.3% |
| Current portion of amounts payable after more than one year | 42 | €18,761 | €18,986 | +€226 | +1.2% |
| Trade debts | 44 | €731 | €4,870 | +€4,139 | +566.0% |
| Suppliers | 440/4 | €731 | €4,870 | +€4,139 | +566.0% |
| Taxes, remuneration and social security | 45 | €22,483 | €24,093 | +€1,610 | +7.2% |
| Taxes | 450/3 | €22,483 | €20,896 | -€1,587 | -7.1% |
| Remuneration and social security | 454/9 | - | €3,197 | +€3,197 | |
| Other amounts payable | 47/48 | €47,257 | - | -€47,257 | |
| Accrued charges and deferred income | 492/3 | - | €400 | +€400 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,897 | €12,518 | +€2,621 | +26.5% |
| Other operating charges | 640/8 | €1,513 | €1,954 | +€441 | +29.1% |
| Gross operating margin | 9900 | €90,943 | €105,530 | +€14,587 | +16.0% |
| Operating profit (loss) | 9901 | €79,532 | €91,057 | +€11,525 | +14.5% |
| Financial income | 75/76B | €2,230 | €2,805 | +€575 | +25.8% |
| Recurring financial income | 75 | €2,230 | €2,805 | +€575 | +25.8% |
| Financial charges | 65/66B | €750 | €530 | -€219 | -29.2% |
| Recurring financial charges | 65 | €750 | €530 | -€219 | -29.2% |
| Profit (loss) for the period before taxes | 9903 | €81,013 | €93,332 | +€12,319 | +15.2% |
| Income taxes | 67/77 | €22,575 | €26,625 | +€4,050 | +17.9% |
| Profit (loss) for the period | 9904 | €58,437 | €66,707 | +€8,270 | +14.2% |
| Profit (loss) for the period to be appropriated | 9905 | €58,437 | €66,707 | +€8,270 | +14.2% |
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 12 October 2026 via checked.be.