ELIANAH: 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.
ELIANAH
Largest movements
- Current investments +€809,768
new in 2025: €809,768
- Cash -€723,512
down €723,512 (-93.3%), from €775,181 to €51,669
mainly Current investments (-€809,768) and Short-term financial debts (-€20,418)
- Tangible fixed assets -€47,579
down €47,579 (-28.9%), from €164,813 to €117,235
of which Furniture and vehicles: -€33,552
- Reserves +€40,000
up €40,000 (+7.0%), from €575,173 to €615,173
- Other debts +€27,328
up €27,328 (+124%), from €22,034 to €49,362
- Short-term financial debts -€20,418
no longer reported in 2025 (was €20,418)
- Debts after one year -€19,316
down €19,316 (-20.8%), from €92,952 to €73,635
of which Financial debts: -€21,641
- Financial income +€61,754
up €61,754 (+27,104%), from €228 to €61,982
- Gross operating margin +€28,421
up €28,421 (+48.3%), from €58,803 to €87,224
- Depreciation +€21,015
up €21,015 (+69.8%), from €30,105 to €51,120
- Taxes +€15,726
up €15,726 (+348%), from €4,520 to €20,246
- Staff costs +€7,708
up €7,708 (+110%), from €7,014 to €14,722
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 | €1,002,254 | €1,039,061 | +€36,807 | +3.7% |
| Fixed assets | 21/28 | €183,939 | €136,361 | -€47,579 | -25.9% |
| Tangible fixed assets | 22/27 | €164,813 | €117,235 | -€47,579 | -28.9% |
| Plant, machinery and equipment | 23 | €74,788 | €60,761 | -€14,027 | -18.8% |
| Furniture and vehicles | 24 | €90,026 | €56,474 | -€33,552 | -37.3% |
| Financial fixed assets | 28 | €19,126 | €19,126 | = | 0.0% |
| Current assets | 29/58 | €818,314 | €902,700 | +€84,386 | +10.3% |
| Amounts receivable within one year | 40/41 | €37,397 | €38,529 | +€1,131 | +3.0% |
| Trade receivables | 40 | €36,732 | €33,515 | -€3,217 | -8.8% |
| Other amounts receivable | 41 | €665 | €5,014 | +€4,349 | +654% |
| Current investments | 50/53 | - | €809,768 | +€809,768 | |
| Cash at bank and in hand | 54/58 | €775,181 | €51,669 | -€723,512 | -93.3% |
| Deferred charges and accrued income | 490/1 | €5,736 | €2,734 | -€3,002 | -52.3% |
| Total equity and liabilities | 10/49 | €1,002,254 | €1,039,061 | +€36,807 | +3.7% |
| Equity | 10/15 | €827,761 | €872,625 | +€44,864 | +5.4% |
| Contributions | 10/11 | €8,060 | €8,060 | = | 0.0% |
| Reserves | 13 | €575,173 | €615,173 | +€40,000 | +7.0% |
| Distributable reserves | 133 | €575,173 | €615,173 | +€40,000 | +7.0% |
| Profit (loss) carried forward | 14 | €244,528 | €249,392 | +€4,864 | +2.0% |
| Amounts payable | 17/49 | €174,493 | €166,436 | -€8,057 | -4.6% |
| Amounts payable after more than one year | 17 | €92,952 | €73,635 | -€19,316 | -20.8% |
| Financial debts | 170/4 | €60,112 | €38,471 | -€21,641 | -36.0% |
| Other amounts payable | 178/9 | €32,840 | €35,165 | +€2,325 | +7.1% |
| Amounts payable within one year | 42/48 | €81,541 | €92,801 | +€11,259 | +13.8% |
| Current portion of amounts payable after more than one year | 42 | €20,622 | €21,641 | +€1,019 | +4.9% |
| Financial debts | 43 | €20,418 | - | -€20,418 | |
| Credit institutions | 430/8 | €20,418 | - | -€20,418 | |
| Trade debts | 44 | €9,350 | €12,118 | +€2,768 | +29.6% |
| Suppliers | 440/4 | €9,350 | €12,118 | +€2,768 | +29.6% |
| Taxes, remuneration and social security | 45 | €9,118 | €9,680 | +€562 | +6.2% |
| Taxes | 450/3 | €5,234 | €7,189 | +€1,955 | +37.3% |
| Remuneration and social security | 454/9 | €3,884 | €2,490 | -€1,393 | -35.9% |
| Other amounts payable | 47/48 | €22,034 | €49,362 | +€27,328 | +124% |
| Remuneration, social security and pensions | 62 | €7,014 | €14,722 | +€7,708 | +110% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,105 | €51,120 | +€21,015 | +69.8% |
| Other operating charges | 640/8 | €9,398 | €6,524 | -€2,875 | -30.6% |
| Gross operating margin | 9900 | €58,803 | €87,224 | +€28,421 | +48.3% |
| Operating profit (loss) | 9901 | €12,286 | €14,859 | +€2,573 | +20.9% |
| Financial income | 75/76B | €228 | €61,982 | +€61,754 | +27,104% |
| Recurring financial income | 75 | €228 | €61,982 | +€61,754 | +27,104% |
| Financial charges | 65/66B | €7,897 | €11,731 | +€3,834 | +48.5% |
| Recurring financial charges | 65 | €7,897 | €11,731 | +€3,834 | +48.5% |
| Profit (loss) for the period before taxes | 9903 | €4,617 | €65,110 | +€60,493 | +1,310% |
| Income taxes | 67/77 | €4,520 | €20,246 | +€15,726 | +348% |
| Profit (loss) for the period | 9904 | €97 | €44,864 | +€44,767 | +46,319% |
| Profit (loss) for the period to be appropriated | 9905 | €97 | €44,864 | +€44,767 | +46,319% |
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 18 October 2026 via checked.be.