ELIAM: 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.
ELIAM
Largest movements
- Current investments +€36,710
new in 2025: €36,710
- Cash +€27,400
up €27,400 (+49.6%), from €55,288 to €82,689
mainly Net result for the year (+€50,669) and Tax, wage and social debts (+€13,018)
- Receivables within one year -€2,312
down €2,312 (-80.3%), from €2,880 to €568
of which Trade receivables: -€2,312
- Reserves +€49,769
up €49,769 (+100%), from €49,678 to €99,447
- Tax, wage and social debts +€13,018
up €13,018 (+432%), from €3,012 to €16,030
of which Taxes: +€12,018
- Trade debts -€1,670
down €1,670 (-96.6%), from €1,728 to €58
- Gross operating margin -€1,052
down €1,052 (-1.6%), from €66,235 to €65,184
- Taxes -€814
down €814 (-5.6%), from €14,432 to €13,618
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.
Derived cash bridge
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 | €60,719 | €122,187 | +€61,468 | +101% |
| Fixed assets | 21/28 | €1,511 | €1,208 | -€302 | -20.0% |
| Tangible fixed assets | 22/27 | €1,511 | €1,208 | -€302 | -20.0% |
| Furniture and vehicles | 24 | €1,511 | €1,208 | -€302 | -20.0% |
| Current assets | 29/58 | €59,208 | €120,979 | +€61,771 | +104% |
| Amounts receivable within one year | 40/41 | €2,880 | €568 | -€2,312 | -80.3% |
| Trade receivables | 40 | €2,312 | - | -€2,312 | |
| Other amounts receivable | 41 | €568 | €568 | = | 0.0% |
| Current investments | 50/53 | - | €36,710 | +€36,710 | |
| Cash at bank and in hand | 54/58 | €55,288 | €82,689 | +€27,400 | +49.6% |
| Deferred charges and accrued income | 490/1 | €1,040 | €1,011 | -€28 | -2.7% |
| Total equity and liabilities | 10/49 | €60,719 | €122,187 | +€61,468 | +101% |
| Equity | 10/15 | €53,178 | €102,947 | +€49,769 | +93.6% |
| Contributions | 10/11 | €3,500 | €3,500 | = | 0.0% |
| Reserves | 13 | €49,678 | €99,447 | +€49,769 | +100% |
| Distributable reserves | 133 | €49,678 | €99,447 | +€49,769 | +100% |
| Amounts payable | 17/49 | €7,541 | €19,240 | +€11,699 | +155% |
| Amounts payable within one year | 42/48 | €7,541 | €18,990 | +€11,449 | +152% |
| Trade debts | 44 | €1,728 | €58 | -€1,670 | -96.6% |
| Suppliers | 440/4 | €1,728 | €58 | -€1,670 | -96.6% |
| Taxes, remuneration and social security | 45 | €3,012 | €16,030 | +€13,018 | +432% |
| Taxes | 450/3 | €3,012 | €15,030 | +€12,018 | +399% |
| Remuneration and social security | 454/9 | - | €1,000 | +€1,000 | |
| Other amounts payable | 47/48 | €2,800 | €2,901 | +€101 | +3.6% |
| Accrued charges and deferred income | 492/3 | - | €250 | +€250 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1 | €302 | +€301 | +36,323% |
| Other operating charges | 640/8 | €1,278 | €714 | -€565 | -44.2% |
| Gross operating margin | 9900 | €66,235 | €65,184 | -€1,052 | -1.6% |
| Operating profit (loss) | 9901 | €64,956 | €64,168 | -€788 | -1.2% |
| Financial income | 75/76B | €91 | €548 | +€457 | +502% |
| Recurring financial income | 75 | €91 | €548 | +€457 | +502% |
| Financial charges | 65/66B | €37 | €428 | +€391 | +1,057% |
| Recurring financial charges | 65 | €37 | €428 | +€391 | +1,057% |
| Profit (loss) for the period before taxes | 9903 | €65,010 | €64,287 | -€723 | -1.1% |
| Income taxes | 67/77 | €14,432 | €13,618 | -€814 | -5.6% |
| Profit (loss) for the period | 9904 | €50,578 | €50,669 | +€91 | +0.2% |
| Profit (loss) for the period to be appropriated | 9905 | €50,578 | €50,669 | +€91 | +0.2% |
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 15 October 2026 via checked.be.