ELIANS: 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.
ELIANS
Largest movements
- Tangible fixed assets +€81,351
up €81,351 (+8.9%), from €911,258 to €992,608
of which Land and buildings: +€73,647
- Other debts +€355,450
up €355,450 (+671%), from €52,945 to €408,395
- Profit (loss) carried forward -€207,761
down €207,761 (-114%), from -€182,087 to -€389,848
- Debts after one year -€64,164
down €64,164 (-7.1%), from €906,254 to €842,089
- Current portion of long-term debt -€16,771
down €16,771 (-21.4%), from €78,537 to €61,766
- Depreciation +€49,274
up €49,274 (+72.2%), from €68,230 to €117,503
- Staff costs +€15,555
new in 2025: €15,555
- Financial charges +€9,383
up €9,383 (+26.5%), from €35,403 to €44,786
- Other operating charges +€9,268
up €9,268 (+102%), from €9,054 to €18,322
- Gross operating margin +€4,162
up €4,162 (+26.4%), from -€15,788 to -€11,626
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 | €928,266 | €1,002,132 | +€73,865 | +8.0% |
| Fixed assets | 21/28 | €911,258 | €992,608 | +€81,351 | +8.9% |
| Tangible fixed assets | 22/27 | €911,258 | €992,608 | +€81,351 | +8.9% |
| Land and buildings | 22 | €596,537 | €670,184 | +€73,647 | +12.3% |
| Plant, machinery and equipment | 23 | - | €36,455 | +€36,455 | |
| Furniture and vehicles | 24 | €15,764 | €34,164 | +€18,400 | +117% |
| Leasing and similar rights | 25 | €298,957 | €251,805 | -€47,151 | -15.8% |
| Current assets | 29/58 | €17,009 | €9,523 | -€7,486 | -44.0% |
| Cash at bank and in hand | 54/58 | €17,009 | €9,319 | -€7,689 | -45.2% |
| Deferred charges and accrued income | 490/1 | - | €204 | +€204 | |
| Total equity and liabilities | 10/49 | €928,266 | €1,002,132 | +€73,865 | +8.0% |
| Equity | 10/15 | -€117,087 | -€324,848 | -€207,761 | -177% |
| Contributions | 10/11 | €65,000 | €65,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€182,087 | -€389,848 | -€207,761 | -114% |
| Amounts payable | 17/49 | €1,045,353 | €1,326,980 | +€281,627 | +26.9% |
| Amounts payable after more than one year | 17 | €906,254 | €842,089 | -€64,164 | -7.1% |
| Financial debts | 170/4 | €906,254 | €842,089 | -€64,164 | -7.1% |
| Amounts payable within one year | 42/48 | €139,100 | €480,836 | +€341,736 | +246% |
| Current portion of amounts payable after more than one year | 42 | €78,537 | €61,766 | -€16,771 | -21.4% |
| Trade debts | 44 | €7,618 | €8,564 | +€946 | +12.4% |
| Suppliers | 440/4 | €7,618 | €8,564 | +€946 | +12.4% |
| Taxes, remuneration and social security | 45 | - | €2,111 | +€2,111 | |
| Remuneration and social security | 454/9 | - | €2,111 | +€2,111 | |
| Other amounts payable | 47/48 | €52,945 | €408,395 | +€355,450 | +671% |
| Accrued charges and deferred income | 492/3 | - | €4,055 | +€4,055 | |
| Remuneration, social security and pensions | 62 | - | €15,555 | +€15,555 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €68,230 | €117,503 | +€49,274 | +72.2% |
| Other operating charges | 640/8 | €9,054 | €18,322 | +€9,268 | +102% |
| Gross operating margin | 9900 | -€15,788 | -€11,626 | +€4,162 | +26.4% |
| Operating profit (loss) | 9901 | -€93,072 | -€163,006 | -€69,934 | -75.1% |
| Financial income | 75/76B | - | €30 | +€30 | |
| Recurring financial income | 75 | - | €30 | +€30 | |
| Financial charges | 65/66B | €35,403 | €44,786 | +€9,383 | +26.5% |
| Recurring financial charges | 65 | €35,403 | €44,786 | +€9,383 | +26.5% |
| Profit (loss) for the period before taxes | 9903 | -€128,474 | -€207,761 | -€79,287 | -61.7% |
| Profit (loss) for the period | 9904 | -€128,474 | -€207,761 | -€79,287 | -61.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€128,474 | -€207,761 | -€79,287 | -61.7% |
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 25 October 2026 via checked.be.