ELANTIS: 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
ELANTIS
NACE 64.929, Financial service activities, except insurance and pension funding
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€2.2m
2024 · €4.4m-€2.3m
Equity
€20.8m
2024 · €20.8m
Cash
€20.4m
2024 · €19.5m+€898,778
Balance sheet total
€324.5m
2024 · €253.9m+€70.5m
Largest movements
Assets
- Receivables after one year +€71.2m
up €71.2m (+33.3%), from €213.9m to €285.1m
- Current investments -€3.9m
down €3.9m (-49.3%), from €7.9m to €4.0m
Equity and liabilities
- Debts after one year +€63.9m
up €63.9m (+53.3%), from €119.8m to €183.7m
- Current portion of long-term debt +€7.3m
up €7.3m (+7.5%), from €97.2m to €104.5m
Income statement
- Turnover +€3.6m
up €3.6m (+16.7%), from €21.3m to €24.9m
- Services and other goods +€2.8m
up €2.8m (+14.1%), from €19.7m to €22.4m
- Goods and materials +€2.1m
up €2.1m (+27.5%), from €7.7m to €9.8m
- Other operating income -€1.0m
down €1.0m (-6.2%), from €17.0m to €16.0m
- Taxes -€769,423
down €769,423 (-50.2%), from €1.5m to €764,720
of which Taxes: -€765,302
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
€4.4m
Turnover
+€3.6m
Other operating income
-€1.0m
Goods and materials
-€2.1m
Services and other goods
-€2.8m
Staff costs
-€438,526
Depreciation
+€17,012
Write-downs
-€148,217
Provisions
+€41,628
Other operating charges
+€2,397
Financial income
-€167,027
Financial charges
+€500
Taxes
+€769,423
Result 2025
€2.2m
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
-€72.0m
Investment
+€3.9m
Financing
+€69.0m
Cash 2024
€19.5m
From operations (derived)
-€72.0m
Net result for the year
+€2.2m
Depreciation
+€59,402
Receivables after one year
-€71.2m
Receivables within one year
-€283,992
Deferred charges and accrued income
-€2.1m
Provisions
-€272,597
Trade debts
+€1.9m
Smaller working-capital items
+€15,930
Other debts
-€2.3m
Investment (derived)
+€3.9m
Investment in fixed assets (net)
-€5,584
Current investments
+€3.9m
Financing
+€69.0m
Debts after one year
+€63.9m
Current portion of long-term debt
+€7.3m
Contributions, distributions and other
-€2.2m
Cash 2025
€20.4m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €253,931,970 | €324,451,352 | +€70.5m | +27.8% |
| Fixed assets | 21/28 | €438,494 | €384,676 | -€53,818 | -12.3% |
| Tangible fixed assets | 22/27 | €438,494 | €384,676 | -€53,818 | -12.3% |
| Land and buildings | 22 | €392,020 | €362,271 | -€29,749 | -7.6% |
| Plant, machinery and equipment | 23 | €46,474 | €17,169 | -€29,305 | -63.1% |
| Furniture and vehicles | 24 | €0 | €5,236 | +€5,236 | |
| Current assets | 29/58 | €253,493,477 | €324,066,676 | +€70.6m | +27.8% |
| Amounts receivable after more than one year | 29 | €213,944,747 | €285,102,770 | +€71.2m | +33.3% |
| Trade receivables | 290 | €213,944,747 | €285,102,770 | +€71.2m | +33.3% |
| Amounts receivable within one year | 40/41 | €7,930,119 | €8,214,111 | +€283,992 | +3.6% |
| Trade receivables | 40 | €7,831,787 | €8,063,514 | +€231,726 | +3.0% |
| Other amounts receivable | 41 | €98,331 | €150,597 | +€52,266 | +53.2% |
| Current investments | 50/53 | €7,864,650 | €3,990,879 | -€3.9m | -49.3% |
| Other investments | 51/53 | €7,864,650 | €3,990,879 | -€3.9m | -49.3% |
| Cash at bank and in hand | 54/58 | €19,513,082 | €20,411,860 | +€898,778 | +4.6% |
| Deferred charges and accrued income | 490/1 | €4,240,879 | €6,347,057 | +€2.1m | +49.7% |
| Total equity and liabilities | 10/49 | €253,931,970 | €324,451,352 | +€70.5m | +27.8% |
| Equity | 10/15 | €20,750,000 | €20,750,000 | = | 0.0% |
| Contributions | 10/11 | €3,000,000 | €3,000,000 | = | 0.0% |
| Capital | 10 | €3,000,000 | €3,000,000 | = | 0.0% |
| Issued capital | 100 | €3,000,000 | €3,000,000 | = | 0.0% |
| Reserves | 13 | €17,750,000 | €17,750,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €300,000 | €300,000 | = | 0.0% |
| Legal reserve | 130 | €300,000 | €300,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €8,924 | €8,924 | = | 0.0% |
| Distributable reserves | 133 | €17,441,076 | €17,441,076 | = | 0.0% |
| Provisions and deferred taxes | 16 | €1,975,252 | €1,702,655 | -€272,597 | -13.8% |
| Provisions for liabilities and charges | 160/5 | €1,975,252 | €1,702,655 | -€272,597 | -13.8% |
| Other liabilities and charges | 164/5 | €1,975,252 | €1,702,655 | -€272,597 | -13.8% |
| Amounts payable | 17/49 | €231,206,718 | €301,998,697 | +€70.8m | +30.6% |
| Amounts payable after more than one year | 17 | €119,815,901 | €183,696,639 | +€63.9m | +53.3% |
| Financial debts | 170/4 | €119,815,901 | €183,696,639 | +€63.9m | +53.3% |
| Credit institutions | 173 | €119,815,901 | €183,696,639 | +€63.9m | +53.3% |
| Amounts payable within one year | 42/48 | €110,967,642 | €117,757,869 | +€6.8m | +6.1% |
| Current portion of amounts payable after more than one year | 42 | €97,247,926 | €104,534,602 | +€7.3m | +7.5% |
| Trade debts | 44 | €7,953,386 | €9,847,135 | +€1.9m | +23.8% |
| Suppliers | 440/4 | €1,225,959 | €1,117,524 | -€108,435 | -8.8% |
| Bills of exchange payable | 441 | €6,727,427 | €8,729,611 | +€2.0m | +29.8% |
| Advances received on contracts in progress | 46 | €278,963 | €143,360 | -€135,603 | -48.6% |
| Taxes, remuneration and social security | 45 | €1,040,459 | €1,070,979 | +€30,520 | +2.9% |
| Taxes | 450/3 | €148,458 | €144,056 | -€4,402 | -3.0% |
| Remuneration and social security | 454/9 | €892,001 | €926,923 | +€34,922 | +3.9% |
| Other amounts payable | 47/48 | €4,446,908 | €2,161,794 | -€2.3m | -51.4% |
| Accrued charges and deferred income | 492/3 | €423,176 | €544,189 | +€121,013 | +28.6% |
| Operating income | 70/76A | €38,350,402 | €40,875,702 | +€2.5m | +6.6% |
| Turnover | 70 | €21,343,232 | €24,917,660 | +€3.6m | +16.7% |
| Other operating income | 74 | €17,007,170 | €15,958,042 | -€1.0m | -6.2% |
| Operating charges | 60/66A | €32,907,957 | €38,321,267 | +€5.4m | +16.4% |
| Goods for resale, raw materials and consumables | 60 | €7,681,366 | €9,793,685 | +€2.1m | +27.5% |
| Purchases | 600/8 | €7,681,366 | €9,793,685 | +€2.1m | +27.5% |
| Services and other goods | 61 | €19,666,985 | €22,442,270 | +€2.8m | +14.1% |
| Remuneration, social security and pensions | 62 | €5,133,713 | €5,572,239 | +€438,526 | +8.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €76,414 | €59,402 | -€17,012 | -22.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€222,021 | -€73,804 | +€148,217 | +66.8% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€230,969 | -€272,597 | -€41,628 | -18.0% |
| Other operating charges | 640/8 | €802,469 | €800,072 | -€2,397 | -0.3% |
| Operating profit (loss) | 9901 | €5,442,445 | €2,554,435 | -€2.9m | -53.1% |
| Financial income | 75/76B | €568,913 | €401,886 | -€167,027 | -29.4% |
| Recurring financial income | 75 | €568,913 | €401,886 | -€167,027 | -29.4% |
| Income from current assets | 751 | €334,393 | €172,418 | -€161,975 | -48.4% |
| Other financial income | 752/9 | €234,520 | €229,468 | -€5,053 | -2.2% |
| Financial charges | 65/66B | €30,307 | €29,807 | -€500 | -1.6% |
| Recurring financial charges | 65 | €30,307 | €29,807 | -€500 | -1.6% |
| Debt charges | 650 | €14,472 | €13,949 | -€524 | -3.6% |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals) | 651 | -€65 | €677 | +€742 | |
| Other financial charges | 652/9 | €15,900 | €15,181 | -€718 | -4.5% |
| Profit (loss) for the period before taxes | 9903 | €5,981,051 | €2,926,513 | -€3.1m | -51.1% |
| Income taxes | 67/77 | €1,534,143 | €764,720 | -€769,423 | -50.2% |
| Taxes | 670/3 | €1,534,143 | €768,841 | -€765,302 | -49.9% |
| Tax adjustments and reversals of tax provisions | 77 | - | €4,122 | +€4,122 | |
| Profit (loss) for the period | 9904 | €4,446,908 | €2,161,794 | -€2.3m | -51.4% |
| Profit (loss) for the period to be appropriated | 9905 | €4,446,908 | €2,161,794 | -€2.3m | -51.4% |
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 29 September 2026 via checked.be.