ELIAN: 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.
ELIAN
Largest movements
- Receivables within one year +€21,894
up €21,894 (+85.1%), from €25,733 to €47,627
of which Trade receivables: +€15,120
- Cash +€14,665
up €14,665 (+19237.8%), from €76 to €14,741
mainly Advances received (+€24,000) and Net result for the year (+€8,752)
- Deferred charges and accrued income -€1,354
no longer reported in 2025 (was €1,354)
- Advances received +€24,000
new in 2025: €24,000
- Profit (loss) carried forward +€8,752
up €8,752 (+45.2%), from -€19,385 to -€10,632
- Trade debts +€1,543
up €1,543 (+9.9%), from €15,598 to €17,140
- Tax, wage and social debts +€910
up €910 (+43.5%), from €2,090 to €3,000
- Gross operating margin -€6,269
down €6,269 (-26.7%), from €23,491 to €17,222
- Taxes +€1,350
up €1,350 (+81.8%), from €1,650 to €3,000
- Other operating charges +€1,282
up €1,282 (+68.1%), from €1,882 to €3,164
- Financial charges +€906
up €906 (+64.7%), from €1,400 to €2,306
- Financial income -€807
down €807 (-99.9%), from €807 to €1
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 | €27,163 | €62,368 | +€35,205 | +129.6% |
| Current assets | 29/58 | €27,163 | €62,368 | +€35,205 | +129.6% |
| Amounts receivable within one year | 40/41 | €25,733 | €47,627 | +€21,894 | +85.1% |
| Trade receivables | 40 | €6,658 | €21,778 | +€15,120 | +227.1% |
| Other amounts receivable | 41 | €19,075 | €25,849 | +€6,774 | +35.5% |
| Cash at bank and in hand | 54/58 | €76 | €14,741 | +€14,665 | +19237.8% |
| Deferred charges and accrued income | 490/1 | €1,354 | - | -€1,354 | |
| Total equity and liabilities | 10/49 | €27,163 | €62,368 | +€35,205 | +129.6% |
| Equity | 10/15 | €1,075 | €9,828 | +€8,752 | +814.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€19,385 | -€10,632 | +€8,752 | +45.2% |
| Amounts payable | 17/49 | €26,088 | €52,540 | +€26,453 | +101.4% |
| Amounts payable within one year | 42/48 | €26,088 | €52,540 | +€26,453 | +101.4% |
| Financial debts | 43 | €8,400 | €8,400 | = | 0.0% |
| Credit institutions | 430/8 | €0 | - | = | |
| Other loans | 439 | €8,400 | €8,400 | = | 0.0% |
| Trade debts | 44 | €15,598 | €17,140 | +€1,543 | +9.9% |
| Suppliers | 440/4 | €15,598 | €17,140 | +€1,543 | +9.9% |
| Advances received on contracts in progress | 46 | - | €24,000 | +€24,000 | |
| Taxes, remuneration and social security | 45 | €2,090 | €3,000 | +€910 | +43.5% |
| Taxes | 450/3 | €2,090 | €3,000 | +€910 | +43.5% |
| Non-recurring operating income | 76A | - | €11,801 | +€11,801 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | - | = | |
| Other operating charges | 640/8 | €1,882 | €3,164 | +€1,282 | +68.1% |
| Gross operating margin | 9900 | €23,491 | €17,222 | -€6,269 | -26.7% |
| Operating profit (loss) | 9901 | €21,610 | €14,058 | -€7,551 | -34.9% |
| Financial income | 75/76B | €807 | €1 | -€807 | -99.9% |
| Recurring financial income | 75 | €807 | €1 | -€807 | -99.9% |
| Financial charges | 65/66B | €1,400 | €2,306 | +€906 | +64.7% |
| Recurring financial charges | 65 | €1,400 | €2,306 | +€906 | +64.7% |
| Profit (loss) for the period before taxes | 9903 | €21,017 | €11,752 | -€9,265 | -44.1% |
| Income taxes | 67/77 | €1,650 | €3,000 | +€1,350 | +81.8% |
| Profit (loss) for the period | 9904 | €19,367 | €8,752 | -€10,615 | -54.8% |
| Profit (loss) for the period to be appropriated | 9905 | €19,367 | €8,752 | -€10,615 | -54.8% |
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.