ELAPHUS: 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.
ELAPHUS
Largest movements
- Cash +€34,145
up €34,145 (+33.3%), from €102,609 to €136,754
mainly Net result for the year (+€32,610) and Other debts (+€31,425)
- Tangible fixed assets -€8,677
down €8,677 (-25.1%), from €34,524 to €25,847
- Deferred charges and accrued income +€2,041
up €2,041 (+250.2%), from €816 to €2,857
- Other debts +€31,425
up €31,425 (+245.9%), from €12,781 to €44,206
- Debts after one year -€9,965
down €9,965 (-48.8%), from €20,401 to €10,436
- Tax, wage and social debts +€9,226
up €9,226 (+159.0%), from €5,802 to €15,029
of which Taxes: +€9,226
- Reserves -€4,000
down €4,000 (-5.8%), from €69,000 to €65,000
- Gross operating margin +€19,647
up €19,647 (+44.6%), from €44,082 to €63,729
- Taxes +€8,265
up €8,265 (+110.8%), from €7,461 to €15,726
- Depreciation -€2,006
down €2,006 (-18.0%), from €11,150 to €9,144
- Other operating charges -€1,177
down €1,177 (-63.9%), from €1,842 to €664
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 | €138,516 | €165,458 | +€26,941 | +19.5% |
| Fixed assets | 21/28 | €34,568 | €25,847 | -€8,721 | -25.2% |
| Tangible fixed assets | 22/27 | €34,524 | €25,847 | -€8,677 | -25.1% |
| Furniture and vehicles | 24 | €34,524 | €25,847 | -€8,677 | -25.1% |
| Financial fixed assets | 28 | €43 | €0 | -€43 | -100.0% |
| Current assets | 29/58 | €103,949 | €139,611 | +€35,662 | +34.3% |
| Amounts receivable within one year | 40/41 | €524 | €0 | -€524 | -100.0% |
| Trade receivables | 40 | €524 | €0 | -€524 | -100.0% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €102,609 | €136,754 | +€34,145 | +33.3% |
| Deferred charges and accrued income | 490/1 | €816 | €2,857 | +€2,041 | +250.2% |
| Total equity and liabilities | 10/49 | €138,516 | €165,458 | +€26,941 | +19.5% |
| Equity | 10/15 | €87,793 | €84,403 | -€3,390 | -3.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €69,000 | €65,000 | -€4,000 | -5.8% |
| Distributable reserves | 133 | €69,000 | €65,000 | -€4,000 | -5.8% |
| Profit (loss) carried forward | 14 | €193 | €803 | +€610 | +316.8% |
| Amounts payable | 17/49 | €50,723 | €81,055 | +€30,331 | +59.8% |
| Amounts payable after more than one year | 17 | €20,401 | €10,436 | -€9,965 | -48.8% |
| Financial debts | 170/4 | €20,401 | €10,436 | -€9,965 | -48.8% |
| Amounts payable within one year | 42/48 | €30,310 | €70,618 | +€40,309 | +133.0% |
| Current portion of amounts payable after more than one year | 42 | €9,514 | €9,965 | +€450 | +4.7% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €2,211 | €1,418 | -€793 | -35.8% |
| Suppliers | 440/4 | €2,211 | €1,418 | -€793 | -35.8% |
| Taxes, remuneration and social security | 45 | €5,802 | €15,029 | +€9,226 | +159.0% |
| Taxes | 450/3 | €5,802 | €15,029 | +€9,226 | +159.0% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €12,781 | €44,206 | +€31,425 | +245.9% |
| Accrued charges and deferred income | 492/3 | €13 | €0 | -€13 | -100.0% |
| Non-recurring operating income | 76A | - | €465 | +€465 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,150 | €9,144 | -€2,006 | -18.0% |
| Other operating charges | 640/8 | €1,842 | €664 | -€1,177 | -63.9% |
| Non-recurring operating charges | 66A | - | €3,881 | +€3,881 | |
| Gross operating margin | 9900 | €44,082 | €63,729 | +€19,647 | +44.6% |
| Operating profit (loss) | 9901 | €31,090 | €50,039 | +€18,949 | +60.9% |
| Financial income | 75/76B | - | €34 | +€34 | |
| Recurring financial income | 75 | - | €34 | +€34 | |
| Financial charges | 65/66B | €2,093 | €1,737 | -€356 | -17.0% |
| Recurring financial charges | 65 | €2,093 | €1,737 | -€356 | -17.0% |
| Profit (loss) for the period before taxes | 9903 | €28,998 | €48,336 | +€19,338 | +66.7% |
| Income taxes | 67/77 | €7,461 | €15,726 | +€8,265 | +110.8% |
| Profit (loss) for the period | 9904 | €21,537 | €32,610 | +€11,073 | +51.4% |
| Profit (loss) for the period to be appropriated | 9905 | €21,537 | €32,610 | +€11,073 | +51.4% |
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 9 October 2026 via checked.be.