ELARIUS: 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.
ELARIUS
Largest movements
- Cash -€25,055
down €25,055 (-36.6%), from €68,499 to €43,444
mainly Tax, wage and social debts (-€15,632) and Net result for the year (-€11,726)
- Receivables within one year -€2,499
down €2,499 (-39.9%), from €6,260 to €3,760
of which Trade receivables: -€6,200
- Tangible fixed assets +€997
up €997 (+115.4%), from €865 to €1,862
- Tax, wage and social debts -€15,632
down €15,632 (-91.0%), from €17,185 to €1,553
- Profit (loss) carried forward -€11,726
down €11,726 (-346.3%), from -€3,386 to -€15,112
- Trade debts +€885
up €885 (+864.7%), from €102 to €987
- Gross operating margin -€77,001
down €77,001, from €66,757 to -€10,244
- Taxes -€12,553
down €12,553 (-100.0%), from €12,553 to €0
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 | €75,623 | €49,066 | -€26,557 | -35.1% |
| Fixed assets | 21/28 | €865 | €1,862 | +€997 | +115.4% |
| Tangible fixed assets | 22/27 | €865 | €1,862 | +€997 | +115.4% |
| Furniture and vehicles | 24 | €865 | €1,862 | +€997 | +115.4% |
| Current assets | 29/58 | €74,759 | €47,204 | -€27,555 | -36.9% |
| Amounts receivable within one year | 40/41 | €6,260 | €3,760 | -€2,499 | -39.9% |
| Trade receivables | 40 | €6,200 | €0 | -€6,200 | -100.0% |
| Other amounts receivable | 41 | €60 | €3,760 | +€3,701 | +6192.7% |
| Cash at bank and in hand | 54/58 | €68,499 | €43,444 | -€25,055 | -36.6% |
| Total equity and liabilities | 10/49 | €75,623 | €49,066 | -€26,557 | -35.1% |
| Equity | 10/15 | €55,212 | €43,486 | -€11,726 | -21.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €53,598 | €53,598 | = | 0.0% |
| Distributable reserves | 133 | €53,598 | €53,598 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,386 | -€15,112 | -€11,726 | -346.3% |
| Amounts payable | 17/49 | €20,411 | €5,580 | -€14,831 | -72.7% |
| Amounts payable within one year | 42/48 | €20,411 | €5,580 | -€14,831 | -72.7% |
| Trade debts | 44 | €102 | €987 | +€885 | +864.7% |
| Suppliers | 440/4 | €102 | €987 | +€885 | +864.7% |
| Taxes, remuneration and social security | 45 | €17,185 | €1,553 | -€15,632 | -91.0% |
| Taxes | 450/3 | €17,185 | €1,553 | -€15,632 | -91.0% |
| Other amounts payable | 47/48 | €3,124 | €3,040 | -€84 | -2.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €522 | €1,174 | +€652 | +125.1% |
| Other operating charges | 640/8 | €118 | €120 | +€2 | +1.7% |
| Gross operating margin | 9900 | €66,757 | -€10,244 | -€77,001 | |
| Operating profit (loss) | 9901 | €66,117 | -€11,539 | -€77,656 | |
| Financial income | 75/76B | €109 | €0 | -€109 | -100.0% |
| Recurring financial income | 75 | €109 | €0 | -€109 | -100.0% |
| Financial charges | 65/66B | €76 | €188 | +€112 | +148.2% |
| Recurring financial charges | 65 | €76 | €188 | +€112 | +148.2% |
| Profit (loss) for the period before taxes | 9903 | €66,151 | -€11,726 | -€77,877 | |
| Income taxes | 67/77 | €12,553 | €0 | -€12,553 | -100.0% |
| Profit (loss) for the period | 9904 | €53,598 | -€11,726 | -€65,324 | |
| Profit (loss) for the period to be appropriated | 9905 | €53,598 | -€11,726 | -€65,324 |
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.