Elanso: 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.
Elanso
Largest movements
- Tangible fixed assets +€276,207
up €276,207 (+2823.2%), from €9,783 to €285,991
of which Land and buildings: +€275,269
- Cash +€45,206
up €45,206 (+167.7%), from €26,960 to €72,167
mainly Debts after one year (+€207,972) and Short-term financial debts (+€90,000)
- Receivables within one year -€23,101
down €23,101 (-12.0%), from €192,995 to €169,894
of which Other amounts receivable: -€65,910
- Debts after one year +€207,972
up €207,972 (+17934.6%), from €1,160 to €209,131
- Short-term financial debts +€90,000
new in 2025: €90,000
- Trade debts +€23,010
up €23,010 (+250.2%), from €9,197 to €32,208
- Tax, wage and social debts -€20,705
down €20,705 (-58.0%), from €35,684 to €14,978
- Reserves -€7,990
down €7,990 (-4.5%), from €177,939 to €169,949
- Gross operating margin -€50,139
down €50,139 (-52.3%), from €95,890 to €45,751
- Other operating charges +€39,235
up €39,235 (+2606.7%), from €1,505 to €40,740
- Taxes -€28,136
down €28,136 (-99.3%), from €28,346 to €210
- Financial charges +€7,517
up €7,517 (+138.7%), from €5,420 to €12,937
- Depreciation +€5,113
up €5,113 (+172.6%), from €2,962 to €8,075
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 | €246,223 | €540,751 | +€294,528 | +119.6% |
| Fixed assets | 21/28 | €11,008 | €286,716 | +€275,707 | +2504.5% |
| Intangible fixed assets | 21 | €1,170 | €670 | -€500 | -42.7% |
| Tangible fixed assets | 22/27 | €9,783 | €285,991 | +€276,207 | +2823.2% |
| Land and buildings | 22 | - | €275,269 | +€275,269 | |
| Plant, machinery and equipment | 23 | €2,243 | €1,438 | -€805 | -35.9% |
| Furniture and vehicles | 24 | €7,541 | €9,284 | +€1,744 | +23.1% |
| Financial fixed assets | 28 | €55 | €55 | = | 0.0% |
| Current assets | 29/58 | €235,214 | €254,036 | +€18,821 | +8.0% |
| Amounts receivable within one year | 40/41 | €192,995 | €169,894 | -€23,101 | -12.0% |
| Trade receivables | 40 | €27,959 | €70,767 | +€42,808 | +153.1% |
| Other amounts receivable | 41 | €165,036 | €99,126 | -€65,910 | -39.9% |
| Cash at bank and in hand | 54/58 | €26,960 | €72,167 | +€45,206 | +167.7% |
| Deferred charges and accrued income | 490/1 | €15,259 | €11,975 | -€3,284 | -21.5% |
| Total equity and liabilities | 10/49 | €246,223 | €540,751 | +€294,528 | +119.6% |
| Equity | 10/15 | €184,139 | €176,149 | -€7,990 | -4.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €177,939 | €169,949 | -€7,990 | -4.5% |
| Distributable reserves | 133 | €177,939 | €169,949 | -€7,990 | -4.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €62,084 | €364,603 | +€302,519 | +487.3% |
| Amounts payable after more than one year | 17 | €1,160 | €209,131 | +€207,972 | +17934.6% |
| Financial debts | 170/4 | €1,160 | €209,131 | +€207,972 | +17934.6% |
| Amounts payable within one year | 42/48 | €60,641 | €155,209 | +€94,568 | +155.9% |
| Current portion of amounts payable after more than one year | 42 | €14,094 | €18,023 | +€3,929 | +27.9% |
| Financial debts | 43 | - | €90,000 | +€90,000 | |
| Credit institutions | 430/8 | - | €90,000 | +€90,000 | |
| Trade debts | 44 | €9,197 | €32,208 | +€23,010 | +250.2% |
| Suppliers | 440/4 | €9,197 | €32,208 | +€23,010 | +250.2% |
| Taxes, remuneration and social security | 45 | €35,684 | €14,978 | -€20,705 | -58.0% |
| Taxes | 450/3 | €35,684 | €14,978 | -€20,705 | -58.0% |
| Other amounts payable | 47/48 | €1,666 | €0 | -€1,666 | -100.0% |
| Accrued charges and deferred income | 492/3 | €283 | €262 | -€21 | -7.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,962 | €8,075 | +€5,113 | +172.6% |
| Other operating charges | 640/8 | €1,505 | €40,740 | +€39,235 | +2606.7% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €95,890 | €45,751 | -€50,139 | -52.3% |
| Operating profit (loss) | 9901 | €91,422 | -€3,064 | -€94,486 | |
| Financial income | 75/76B | €9,475 | €8,222 | -€1,254 | -13.2% |
| Recurring financial income | 75 | €9,475 | €8,222 | -€1,254 | -13.2% |
| Financial charges | 65/66B | €5,420 | €12,937 | +€7,517 | +138.7% |
| Recurring financial charges | 65 | €5,420 | €12,937 | +€7,517 | +138.7% |
| Profit (loss) for the period before taxes | 9903 | €95,477 | -€7,780 | -€103,257 | |
| Income taxes | 67/77 | €28,346 | €210 | -€28,136 | -99.3% |
| Profit (loss) for the period | 9904 | €67,131 | -€7,990 | -€75,122 | |
| Profit (loss) for the period to be appropriated | 9905 | €67,131 | -€7,990 | -€75,122 |
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.