ELATUS: 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.
ELATUS
Largest movements
- Receivables within one year +€46,585
up €46,585 (+118.5%), from €39,325 to €85,910
- Reserves +€459,000
up €459,000 (+13.8%), from €3.3m to €3.8m
of which Distributable reserves: +€459,000
- Other debts -€450,000
down €450,000 (-81.8%), from €550,000 to €100,000
- Financial income +€450,000
new in 2025: €450,000
- Financial charges +€5,997
up €5,997 (+65.2%), from €9,198 to €15,196
- Gross operating margin -€1,562
down €1,562 (-5.7%), from €27,358 to €25,796
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 | €3,946,949 | €3,981,501 | +€34,552 | +0.9% |
| Fixed assets | 21/28 | €3,882,500 | €3,882,500 | = | 0.0% |
| Financial fixed assets | 28 | €3,882,500 | €3,882,500 | = | 0.0% |
| Current assets | 29/58 | €64,449 | €99,001 | +€34,552 | +53.6% |
| Amounts receivable within one year | 40/41 | €39,325 | €85,910 | +€46,585 | +118.5% |
| Trade receivables | 40 | €39,325 | €85,910 | +€46,585 | +118.5% |
| Cash at bank and in hand | 54/58 | €25,124 | €13,091 | -€12,033 | -47.9% |
| Total equity and liabilities | 10/49 | €3,946,949 | €3,981,501 | +€34,552 | +0.9% |
| Equity | 10/15 | €3,385,512 | €3,844,969 | +€459,458 | +13.6% |
| Contributions | 10/11 | €49,377 | €49,377 | = | 0.0% |
| Reserves | 13 | €3,336,000 | €3,795,000 | +€459,000 | +13.8% |
| Tax-exempt reserves | 132 | €6,732 | €6,732 | = | 0.0% |
| Distributable reserves | 133 | €3,329,268 | €3,788,268 | +€459,000 | +13.8% |
| Profit (loss) carried forward | 14 | €134 | €592 | +€458 | +341.0% |
| Amounts payable | 17/49 | €561,437 | €136,532 | -€424,906 | -75.7% |
| Amounts payable within one year | 42/48 | €552,291 | €121,389 | -€430,903 | -78.0% |
| Trade debts | 44 | €1,415 | €9,338 | +€7,922 | +559.7% |
| Suppliers | 440/4 | €1,415 | €9,338 | +€7,922 | +559.7% |
| Taxes, remuneration and social security | 45 | €876 | €12,051 | +€11,175 | +1276.1% |
| Taxes | 450/3 | €876 | €12,051 | +€11,175 | +1276.1% |
| Other amounts payable | 47/48 | €550,000 | €100,000 | -€450,000 | -81.8% |
| Accrued charges and deferred income | 492/3 | €9,146 | €15,143 | +€5,997 | +65.6% |
| Other operating charges | 640/8 | €1,108 | €1,143 | +€35 | +3.1% |
| Gross operating margin | 9900 | €27,358 | €25,796 | -€1,562 | -5.7% |
| Operating profit (loss) | 9901 | €26,250 | €24,653 | -€1,596 | -6.1% |
| Financial income | 75/76B | - | €450,000 | +€450,000 | |
| Recurring financial income | 75 | - | €450,000 | +€450,000 | |
| Financial charges | 65/66B | €9,198 | €15,196 | +€5,997 | +65.2% |
| Recurring financial charges | 65 | €9,198 | €15,196 | +€5,997 | +65.2% |
| Profit (loss) for the period before taxes | 9903 | €17,052 | €459,458 | +€442,406 | +2594.5% |
| Profit (loss) for the period | 9904 | €17,052 | €459,458 | +€442,406 | +2594.5% |
| Profit (loss) for the period to be appropriated | 9905 | €17,052 | €459,458 | +€442,406 | +2594.5% |
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 4 October 2026 via checked.be.