ELIAS CONCEPT: 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 CONCEPT
Largest movements
- Tangible fixed assets +€59,715
up €59,715 (+943%), from €6,334 to €66,049
- Receivables within one year +€36,120
up €36,120 (+617%), from €5,857 to €41,977
of which Trade receivables: +€36,312
- Cash -€29,095
down €29,095 (-60.5%), from €48,104 to €19,008
mainly Investment in fixed assets (net) (-€62,930) and Receivables within one year (-€36,120)
- Profit (loss) carried forward +€33,602
up €33,602 (+88.9%), from €37,805 to €71,407
- Debts after one year +€23,077
new in 2025: €23,077
- Current portion of long-term debt +€10,923
new in 2025: €10,923
- Tax, wage and social debts +€6,303
up €6,303 (+66.2%), from €9,524 to €15,827
- Trade debts -€6,297
down €6,297 (-55.6%), from €11,323 to €5,026
- Gross operating margin +€35,093
up €35,093 (+79.7%), from €44,016 to €79,110
- Taxes +€9,481
up €9,481 (+299%), from €3,173 to €12,654
- Financial income -€1,158
down €1,158 (-99.0%), from €1,171 to €12
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 | €60,695 | €128,302 | +€67,608 | +111% |
| Fixed assets | 21/28 | €6,734 | €66,449 | +€59,715 | +887% |
| Tangible fixed assets | 22/27 | €6,334 | €66,049 | +€59,715 | +943% |
| Furniture and vehicles | 24 | €6,334 | €66,049 | +€59,715 | +943% |
| Financial fixed assets | 28 | €400 | €400 | = | 0.0% |
| Current assets | 29/58 | €53,961 | €61,853 | +€7,893 | +14.6% |
| Amounts receivable within one year | 40/41 | €5,857 | €41,977 | +€36,120 | +617% |
| Trade receivables | 40 | - | €36,312 | +€36,312 | |
| Other amounts receivable | 41 | €5,857 | €5,664 | -€193 | -3.3% |
| Cash at bank and in hand | 54/58 | €48,104 | €19,008 | -€29,095 | -60.5% |
| Deferred charges and accrued income | 490/1 | - | €868 | +€868 | |
| Total equity and liabilities | 10/49 | €60,695 | €128,302 | +€67,608 | +111% |
| Equity | 10/15 | €38,805 | €72,407 | +€33,602 | +86.6% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €37,805 | €71,407 | +€33,602 | +88.9% |
| Amounts payable | 17/49 | €21,889 | €55,895 | +€34,006 | +155% |
| Amounts payable after more than one year | 17 | - | €23,077 | +€23,077 | |
| Financial debts | 170/4 | - | €23,077 | +€23,077 | |
| Amounts payable within one year | 42/48 | €21,889 | €32,818 | +€10,929 | +49.9% |
| Current portion of amounts payable after more than one year | 42 | - | €10,923 | +€10,923 | |
| Trade debts | 44 | €11,323 | €5,026 | -€6,297 | -55.6% |
| Suppliers | 440/4 | €11,323 | €5,026 | -€6,297 | -55.6% |
| Taxes, remuneration and social security | 45 | €9,524 | €15,827 | +€6,303 | +66.2% |
| Taxes | 450/3 | €9,524 | €15,827 | +€6,303 | +66.2% |
| Other amounts payable | 47/48 | €1,042 | €1,042 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,813 | €3,215 | +€402 | +14.3% |
| Other operating charges | 640/8 | €415 | €551 | +€136 | +32.8% |
| Gross operating margin | 9900 | €44,016 | €79,110 | +€35,093 | +79.7% |
| Operating profit (loss) | 9901 | €40,789 | €75,344 | +€34,555 | +84.7% |
| Financial income | 75/76B | €1,171 | €12 | -€1,158 | -99.0% |
| Recurring financial income | 75 | €1,171 | €12 | -€1,158 | -99.0% |
| Financial charges | 65/66B | €56 | €197 | +€141 | +252% |
| Recurring financial charges | 65 | €56 | €197 | +€141 | +252% |
| Profit (loss) for the period before taxes | 9903 | €41,904 | €75,159 | +€33,256 | +79.4% |
| Income taxes | 67/77 | €3,173 | €12,654 | +€9,481 | +299% |
| Profit (loss) for the period | 9904 | €38,731 | €62,505 | +€23,774 | +61.4% |
| Profit (loss) for the period to be appropriated | 9905 | €38,731 | €62,505 | +€23,774 | +61.4% |
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 17 October 2026 via checked.be.