ELICIS: 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.
ELICIS
Largest movements
- Current investments -€26,163
down €26,163 (-28.7%), from €91,246 to €65,083
- Receivables within one year +€23,695
up €23,695 (+478%), from €4,957 to €28,652
of which Trade receivables: +€18,188
- Tangible fixed assets +€14,410
up €14,410 (+519%), from €2,777 to €17,187
- Trade debts +€11,074
up €11,074 (+138%), from €8,008 to €19,082
- Gross operating margin +€18,457
up €18,457, from -€17,338 to €1,119
- Purchases and services -€3,245
down €3,245 (-12.3%), from €26,285 to €23,041
- Turnover -€1,019
down €1,019 (-65.5%), from €1,557 to €538
- Other operating charges +€235
up €235 (+24.0%), from €978 to €1,213
- Financial income -€210
down €210 (-10.3%), from €2,036 to €1,826
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 | €156,394 | €167,988 | +€11,593 | +7.4% |
| Fixed assets | 21/28 | €2,777 | €17,187 | +€14,410 | +519% |
| Tangible fixed assets | 22/27 | €2,777 | €17,187 | +€14,410 | +519% |
| Furniture and vehicles | 24 | €2,777 | €17,187 | +€14,410 | +519% |
| Current assets | 29/58 | €153,617 | €150,801 | -€2,816 | -1.8% |
| Amounts receivable after more than one year | 29 | €50,000 | €50,000 | = | 0.0% |
| Other amounts receivable | 291 | €50,000 | €50,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €4,168 | €4,049 | -€119 | -2.9% |
| Stocks | 30/36 | €4,168 | €4,049 | -€119 | -2.9% |
| Amounts receivable within one year | 40/41 | €4,957 | €28,652 | +€23,695 | +478% |
| Trade receivables | 40 | €629 | €18,817 | +€18,188 | +2,891% |
| Other amounts receivable | 41 | €4,327 | €9,835 | +€5,508 | +127% |
| Current investments | 50/53 | €91,246 | €65,083 | -€26,163 | -28.7% |
| Cash at bank and in hand | 54/58 | €1,655 | €1,567 | -€88 | -5.3% |
| Deferred charges and accrued income | 490/1 | €1,592 | €1,451 | -€141 | -8.8% |
| Total equity and liabilities | 10/49 | €156,394 | €167,988 | +€11,593 | +7.4% |
| Equity | 10/15 | €148,046 | €147,897 | -€150 | -0.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €9,726 | €9,726 | = | 0.0% |
| Distributable reserves | 133 | €9,726 | €9,726 | = | 0.0% |
| Profit (loss) carried forward | 14 | €132,120 | €131,971 | -€150 | -0.1% |
| Amounts payable | 17/49 | €8,348 | €20,091 | +€11,743 | +141% |
| Amounts payable within one year | 42/48 | €8,348 | €20,091 | +€11,743 | +141% |
| Trade debts | 44 | €8,008 | €19,082 | +€11,074 | +138% |
| Suppliers | 440/4 | €8,008 | €19,082 | +€11,074 | +138% |
| Taxes, remuneration and social security | 45 | €340 | €1,009 | +€669 | +197% |
| Taxes | 450/3 | €340 | €1,009 | +€669 | +197% |
| Turnover | 70 | €1,557 | €538 | -€1,019 | -65.5% |
| Goods, raw materials, services and sundry goods | 60/61 | €26,285 | €23,041 | -€3,245 | -12.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,169 | €1,316 | +€147 | +12.5% |
| Other operating charges | 640/8 | €978 | €1,213 | +€235 | +24.0% |
| Gross operating margin | 9900 | -€17,338 | €1,119 | +€18,457 | |
| Operating profit (loss) | 9901 | -€19,485 | -€1,410 | +€18,076 | +92.8% |
| Financial income | 75/76B | €2,036 | €1,826 | -€210 | -10.3% |
| Recurring financial income | 75 | €2,036 | €1,826 | -€210 | -10.3% |
| Financial charges | 65/66B | €240 | €169 | -€72 | -29.9% |
| Recurring financial charges | 65 | €240 | €169 | -€72 | -29.9% |
| Profit (loss) for the period before taxes | 9903 | -€17,690 | €247 | +€17,937 | |
| Income taxes | 67/77 | €310 | €397 | +€87 | +28.1% |
| Profit (loss) for the period | 9904 | -€18,000 | -€150 | +€17,850 | +99.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€18,000 | -€150 | +€17,850 | +99.2% |
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 15 October 2026 via checked.be.