ELIAS: 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.
ELIAS
Largest movements
- Receivables after one year -€26,000
down €26,000 (-60.5%), from €43,000 to €17,000
- Cash -€10,918
down €10,918 (-38.0%), from €28,768 to €17,850
mainly Contributions, distributions and other (-€90,182) and Receivables within one year (-€3,006)
- Tangible fixed assets -€7,132
down €7,132 (-60.6%), from €11,776 to €4,645
of which Furniture and vehicles: -€5,621
- Receivables within one year +€3,006
up €3,006 (+54.3%), from €5,538 to €8,543
- Reserves -€62,949
down €62,949 (-100%), from €62,949 to €0
- Other debts +€27,410
up €27,410 (+920%), from €2,981 to €30,390
- Current portion of long-term debt -€2,677
down €2,677 (-54.4%), from €4,919 to €2,241
- Debts after one year -€2,241
no longer reported in 2025 (was €2,241)
- Gross operating margin +€5,647
up €5,647 (+16.4%), from €34,497 to €40,144
- Other operating charges +€758
up €758 (+1,994%), from €38 to €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.
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 | €89,621 | €48,587 | -€41,034 | -45.8% |
| Fixed assets | 21/28 | €11,776 | €4,645 | -€7,132 | -60.6% |
| Tangible fixed assets | 22/27 | €11,776 | €4,645 | -€7,132 | -60.6% |
| Plant, machinery and equipment | 23 | €2,803 | €1,292 | -€1,511 | -53.9% |
| Furniture and vehicles | 24 | €8,973 | €3,353 | -€5,621 | -62.6% |
| Current assets | 29/58 | €77,845 | €43,943 | -€33,902 | -43.6% |
| Amounts receivable after more than one year | 29 | €43,000 | €17,000 | -€26,000 | -60.5% |
| Other amounts receivable | 291 | €43,000 | €17,000 | -€26,000 | -60.5% |
| Amounts receivable within one year | 40/41 | €5,538 | €8,543 | +€3,006 | +54.3% |
| Other amounts receivable | 41 | €5,538 | €8,543 | +€3,006 | +54.3% |
| Cash at bank and in hand | 54/58 | €28,768 | €17,850 | -€10,918 | -38.0% |
| Deferred charges and accrued income | 490/1 | €539 | €549 | +€10 | +1.9% |
| Total equity and liabilities | 10/49 | €89,621 | €48,587 | -€41,034 | -45.8% |
| Equity | 10/15 | €67,949 | €5,000 | -€62,949 | -92.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €62,949 | €0 | -€62,949 | -100% |
| Distributable reserves | 133 | €62,949 | €0 | -€62,949 | -100% |
| Amounts payable | 17/49 | €21,673 | €43,587 | +€21,915 | +101% |
| Amounts payable after more than one year | 17 | €2,241 | - | -€2,241 | |
| Financial debts | 170/4 | €2,241 | - | -€2,241 | |
| Amounts payable within one year | 42/48 | €19,431 | €43,587 | +€24,156 | +124% |
| Current portion of amounts payable after more than one year | 42 | €4,919 | €2,241 | -€2,677 | -54.4% |
| Trade debts | 44 | €1,437 | €846 | -€591 | -41.1% |
| Suppliers | 440/4 | €1,437 | €846 | -€591 | -41.1% |
| Taxes, remuneration and social security | 45 | €10,095 | €10,109 | +€15 | +0.1% |
| Taxes | 450/3 | €10,095 | €10,109 | +€15 | +0.1% |
| Other amounts payable | 47/48 | €2,981 | €30,390 | +€27,410 | +920% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,811 | €6,438 | -€373 | -5.5% |
| Other operating charges | 640/8 | €38 | €796 | +€758 | +1,994% |
| Gross operating margin | 9900 | €34,497 | €40,144 | +€5,647 | +16.4% |
| Operating profit (loss) | 9901 | €27,647 | €32,910 | +€5,263 | +19.0% |
| Financial income | 75/76B | €1,397 | €1,050 | -€347 | -24.9% |
| Recurring financial income | 75 | €1,397 | €1,050 | -€347 | -24.9% |
| Financial charges | 65/66B | €211 | €148 | -€63 | -29.8% |
| Recurring financial charges | 65 | €211 | €148 | -€63 | -29.8% |
| Profit (loss) for the period before taxes | 9903 | €28,833 | €33,811 | +€4,978 | +17.3% |
| Income taxes | 67/77 | €6,286 | €6,578 | +€293 | +4.7% |
| Profit (loss) for the period | 9904 | €22,548 | €27,233 | +€4,686 | +20.8% |
| Profit (loss) for the period to be appropriated | 9905 | €22,548 | €27,233 | +€4,686 | +20.8% |
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 24 October 2026 via checked.be.