ELIDES: 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.
ELIDES
Largest movements
- Current investments +€285,557
up €285,557 (+34.9%), from €818,727 to €1.1m
- Receivables within one year +€178,689
up €178,689 (+1,942%), from €9,201 to €187,890
of which Trade receivables: +€121,000
- Financial fixed assets -€125,419
down €125,419 (-25.0%), from €501,676 to €376,257
- Reserves +€179,523
up €179,523 (+15.5%), from €1.2m to €1.3m
- Other debts +€102,571
up €102,571 (+25.1%), from €409,003 to €511,574
- Tax, wage and social debts +€45,752
up €45,752 (+91.0%), from €50,293 to €96,045
- Financial income -€190,674
down €190,674 (-56.6%), from €336,808 to €146,134
of which Financial income: -€290,234
- Gross operating margin +€39,341
up €39,341 (+17.2%), from €228,408 to €267,749
- Taxes -€7,017
down €7,017 (-7.4%), from €94,835 to €87,817
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 | €1,696,854 | €2,021,298 | +€324,444 | +19.1% |
| Fixed assets | 21/28 | €502,807 | €376,976 | -€125,830 | -25.0% |
| Tangible fixed assets | 22/27 | €1,131 | €719 | -€411 | -36.4% |
| Furniture and vehicles | 24 | €1,131 | €719 | -€411 | -36.4% |
| Financial fixed assets | 28 | €501,676 | €376,257 | -€125,419 | -25.0% |
| Current assets | 29/58 | €1,194,047 | €1,644,321 | +€450,274 | +37.7% |
| Amounts receivable within one year | 40/41 | €9,201 | €187,890 | +€178,689 | +1,942% |
| Trade receivables | 40 | - | €121,000 | +€121,000 | |
| Other amounts receivable | 41 | €9,201 | €66,890 | +€57,689 | +627% |
| Current investments | 50/53 | €818,727 | €1,104,285 | +€285,557 | +34.9% |
| Cash at bank and in hand | 54/58 | €364,741 | €347,306 | -€17,435 | -4.8% |
| Deferred charges and accrued income | 490/1 | €1,378 | €4,841 | +€3,463 | +251% |
| Total equity and liabilities | 10/49 | €1,696,854 | €2,021,298 | +€324,444 | +19.1% |
| Equity | 10/15 | €1,156,534 | €1,336,058 | +€179,523 | +15.5% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €1,155,534 | €1,335,058 | +€179,523 | +15.5% |
| Distributable reserves | 133 | €1,155,534 | €1,335,058 | +€179,523 | +15.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €540,319 | €685,240 | +€144,921 | +26.8% |
| Amounts payable after more than one year | 17 | €37,401 | €18,701 | -€18,700 | -50.0% |
| Financial debts | 170/4 | €37,401 | €18,701 | -€18,700 | -50.0% |
| Amounts payable within one year | 42/48 | €481,083 | €627,516 | +€146,433 | +30.4% |
| Current portion of amounts payable after more than one year | 42 | €18,700 | €18,700 | = | 0.0% |
| Trade debts | 44 | €3,087 | €1,197 | -€1,890 | -61.2% |
| Suppliers | 440/4 | €3,087 | €1,197 | -€1,890 | -61.2% |
| Taxes, remuneration and social security | 45 | €50,293 | €96,045 | +€45,752 | +91.0% |
| Taxes | 450/3 | €50,293 | €96,045 | +€45,752 | +91.0% |
| Other amounts payable | 47/48 | €409,003 | €511,574 | +€102,571 | +25.1% |
| Accrued charges and deferred income | 492/3 | €21,836 | €39,023 | +€17,187 | +78.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €103 | €411 | +€308 | +298% |
| Other operating charges | 640/8 | €1,094 | €1,126 | +€33 | +3.0% |
| Gross operating margin | 9900 | €228,408 | €267,749 | +€39,341 | +17.2% |
| Operating profit (loss) | 9901 | €227,211 | €266,211 | +€39,000 | +17.2% |
| Financial income | 75/76B | €336,808 | €146,134 | -€190,674 | -56.6% |
| Recurring financial income | 75 | €336,808 | €46,574 | -€290,234 | -86.2% |
| Non-recurring financial income | 76B | - | €99,559 | +€99,559 | |
| Financial charges | 65/66B | €39,924 | €38,516 | -€1,408 | -3.5% |
| Recurring financial charges | 65 | €39,924 | €38,516 | -€1,408 | -3.5% |
| Profit (loss) for the period before taxes | 9903 | €524,095 | €373,829 | -€150,266 | -28.7% |
| Income taxes | 67/77 | €94,835 | €87,817 | -€7,017 | -7.4% |
| Profit (loss) for the period | 9904 | €429,261 | €286,012 | -€143,249 | -33.4% |
| Profit (loss) for the period to be appropriated | 9905 | €429,261 | €286,012 | -€143,249 | -33.4% |
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 13 October 2026 via checked.be.