ELANIE: 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.
ELANIE
Largest movements
- Tangible fixed assets -€61,931
down €61,931 (-5.1%), from €1.2m to €1.2m
of which Land and buildings: -€50,306
- Financial fixed assets -€53,649
down €53,649 (-74.2%), from €72,275 to €18,626
- Receivables within one year -€32,922
down €32,922 (-89.0%), from €36,997 to €4,074
of which Other amounts receivable: -€36,997
- Current investments +€16,234
new in 2025: €16,234
- Debts after one year -€250,164
down €250,164 (-41.6%), from €600,942 to €350,778
- Reserves +€223,055
up €223,055 (+43.5%), from €513,190 to €736,245
of which Distributable reserves: +€226,437
- Profit (loss) carried forward -€150,878
down €150,878 (-100%), from €150,878 to €0
- Current portion of long-term debt +€124,320
new in 2025: €124,320
- Trade debts +€75,094
up €75,094 (+554%), from €13,551 to €88,645
- Turnover -€943,839
no longer reported in 2025 (was €943,839)
- Purchases and services -€561,192
no longer reported in 2025 (was €561,192)
- Staff costs -€52,091
no longer reported in 2025 (was €52,091)
- Gross operating margin -€51,950
down €51,950 (-13.6%), from €382,647 to €330,697
- Financial charges +€26,062
up €26,062, from -€5,060 to €21,002
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 | €1,542,860 | €1,422,913 | -€119,947 | -7.8% |
| Fixed assets | 21/28 | €1,295,947 | €1,180,367 | -€115,580 | -8.9% |
| Tangible fixed assets | 22/27 | €1,223,671 | €1,161,740 | -€61,931 | -5.1% |
| Land and buildings | 22 | €1,207,012 | €1,156,706 | -€50,306 | -4.2% |
| Plant, machinery and equipment | 23 | €7,001 | €2,060 | -€4,941 | -70.6% |
| Furniture and vehicles | 24 | €9,658 | €2,974 | -€6,684 | -69.2% |
| Financial fixed assets | 28 | €72,275 | €18,626 | -€53,649 | -74.2% |
| Current assets | 29/58 | €246,914 | €242,547 | -€4,367 | -1.8% |
| Amounts receivable after more than one year | 29 | - | €0 | = | |
| Other amounts receivable | 291 | - | €0 | = | |
| Amounts receivable within one year | 40/41 | €36,997 | €4,074 | -€32,922 | -89.0% |
| Trade receivables | 40 | - | €4,074 | +€4,074 | |
| Other amounts receivable | 41 | €36,997 | €0 | -€36,997 | -100% |
| Current investments | 50/53 | - | €16,234 | +€16,234 | |
| Cash at bank and in hand | 54/58 | €209,612 | €222,239 | +€12,627 | +6.0% |
| Deferred charges and accrued income | 490/1 | €305 | €0 | -€305 | -100% |
| Total equity and liabilities | 10/49 | €1,542,860 | €1,422,913 | -€119,947 | -7.8% |
| Equity | 10/15 | €716,261 | €751,689 | +€35,428 | +4.9% |
| Contributions | 10/11 | €52,192 | €15,444 | -€36,749 | -70.4% |
| Reserves | 13 | €513,190 | €736,245 | +€223,055 | +43.5% |
| Non-distributable reserves | 130/1 | €3,382 | - | -€3,382 | |
| Reserves not available under the articles | 1311 | €3,382 | - | -€3,382 | |
| Distributable reserves | 133 | €509,808 | €736,245 | +€226,437 | +44.4% |
| Profit (loss) carried forward | 14 | €150,878 | €0 | -€150,878 | -100% |
| Provisions and deferred taxes | 16 | €45,200 | €0 | -€45,200 | -100% |
| Provisions for liabilities and charges | 160/5 | €45,200 | €0 | -€45,200 | -100% |
| Taxes | 161 | €45,200 | €0 | -€45,200 | -100% |
| Amounts payable | 17/49 | €781,400 | €671,224 | -€110,175 | -14.1% |
| Amounts payable after more than one year | 17 | €600,942 | €350,778 | -€250,164 | -41.6% |
| Financial debts | 170/4 | €600,942 | €350,778 | -€250,164 | -41.6% |
| Amounts payable within one year | 42/48 | €180,458 | €320,446 | +€139,988 | +77.6% |
| Current portion of amounts payable after more than one year | 42 | - | €124,320 | +€124,320 | |
| Trade debts | 44 | €13,551 | €88,645 | +€75,094 | +554% |
| Suppliers | 440/4 | €13,551 | €88,645 | +€75,094 | +554% |
| Taxes, remuneration and social security | 45 | €74,433 | €45,424 | -€29,009 | -39.0% |
| Taxes | 450/3 | €74,433 | €45,424 | -€29,009 | -39.0% |
| Other amounts payable | 47/48 | €92,474 | €62,057 | -€30,417 | -32.9% |
| Turnover | 70 | €943,839 | - | -€943,839 | |
| Goods, raw materials, services and sundry goods | 60/61 | €561,192 | - | -€561,192 | |
| Remuneration, social security and pensions | 62 | €52,091 | - | -€52,091 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €52,736 | €52,053 | -€682 | -1.3% |
| Other operating charges | 640/8 | €12,774 | €3,816 | -€8,958 | -70.1% |
| Non-recurring operating charges | 66A | - | €27,398 | +€27,398 | |
| Gross operating margin | 9900 | €382,647 | €330,697 | -€51,950 | -13.6% |
| Operating profit (loss) | 9901 | €265,046 | €247,429 | -€17,617 | -6.6% |
| Financial income | 75/76B | €2,558 | €3,855 | +€1,296 | +50.7% |
| Recurring financial income | 75 | €2,558 | €3,855 | +€1,296 | +50.7% |
| Financial charges | 65/66B | -€5,060 | €21,002 | +€26,062 | |
| Recurring financial charges | 65 | -€5,060 | €21,002 | +€26,062 | |
| Profit (loss) for the period before taxes | 9903 | €272,665 | €230,282 | -€42,383 | -15.5% |
| Income taxes | 67/77 | €79,623 | €54,574 | -€25,049 | -31.5% |
| Profit (loss) for the period | 9904 | €193,042 | €175,707 | -€17,334 | -9.0% |
| Profit (loss) for the period to be appropriated | 9905 | €193,042 | €175,707 | -€17,334 | -9.0% |
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 16 October 2026 via checked.be.