ELIFIN: what changed
Two fiscal 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.
ELIFIN
Largest movements
- Cash +€361,901
up €361,901 (+587.4%), from €61,610 to €423,511
mainly Current investments (+€212,716) and Net result for the year (+€156,223)
- Current investments -€212,716
down €212,716 (-46.2%), from €460,563 to €247,847
- Receivables after one year -€95,000
down €95,000 (-42.2%), from €225,000 to €130,000
- Receivables within one year +€9,562
up €9,562 (+28.6%), from €33,453 to €43,015
of which Trade receivables: +€4,946
- Reserves +€56,023
up €56,023 (+7.6%), from €738,536 to €794,559
- Tax, wage and social debts +€10,192
up €10,192 (+26.6%), from €38,294 to €48,486
of which Taxes: +€10,192
- Gross operating margin +€37,626
up €37,626 (+20.7%), from €181,355 to €218,981
- Taxes +€13,576
up €13,576 (+22.1%), from €61,500 to €75,076
- Depreciation -€6,985
down €6,985 (-81.7%), from €8,550 to €1,565
- Financial charges +€2,427
up €2,427 (+95.5%), from -€2,541 to -€114
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.
Cash bridge derived
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 | €786,974 | €851,066 | +€64,092 | +8.1% |
| Fixed assets | 21/28 | €4,924 | €5,658 | +€734 | +14.9% |
| Tangible fixed assets | 22/27 | €4,924 | €5,658 | +€734 | +14.9% |
| Plant, machinery and equipment | 23 | €1,088 | €1,646 | +€558 | +51.3% |
| Furniture and vehicles | 24 | €3,836 | €4,012 | +€176 | +4.6% |
| Current assets | 29/58 | €782,050 | €845,408 | +€63,358 | +8.1% |
| Amounts receivable after more than one year | 29 | €225,000 | €130,000 | -€95,000 | -42.2% |
| Other amounts receivable | 291 | €225,000 | €130,000 | -€95,000 | -42.2% |
| Amounts receivable within one year | 40/41 | €33,453 | €43,015 | +€9,562 | +28.6% |
| Trade receivables | 40 | €23,175 | €28,121 | +€4,946 | +21.3% |
| Other amounts receivable | 41 | €10,278 | €14,894 | +€4,616 | +44.9% |
| Current investments | 50/53 | €460,563 | €247,847 | -€212,716 | -46.2% |
| Cash at bank and in hand | 54/58 | €61,610 | €423,511 | +€361,901 | +587.4% |
| Deferred charges and accrued income | 490/1 | €1,424 | €1,035 | -€389 | -27.3% |
| Total equity and liabilities | 10/49 | €786,974 | €851,066 | +€64,092 | +8.1% |
| Equity | 10/15 | €744,736 | €800,759 | +€56,023 | +7.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €738,536 | €794,559 | +€56,023 | +7.6% |
| Distributable reserves | 133 | €738,536 | €794,559 | +€56,023 | +7.6% |
| Amounts payable | 17/49 | €42,238 | €50,307 | +€8,069 | +19.1% |
| Amounts payable within one year | 42/48 | €42,238 | €50,307 | +€8,069 | +19.1% |
| Trade debts | 44 | €812 | €1,821 | +€1,009 | +124.3% |
| Suppliers | 440/4 | €812 | €1,821 | +€1,009 | +124.3% |
| Taxes, remuneration and social security | 45 | €38,294 | €48,486 | +€10,192 | +26.6% |
| Taxes | 450/3 | €37,047 | €47,239 | +€10,192 | +27.5% |
| Remuneration and social security | 454/9 | €1,247 | €1,247 | = | 0.0% |
| Other amounts payable | 47/48 | €3,132 | - | -€3,132 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,550 | €1,565 | -€6,985 | -81.7% |
| Other operating charges | 640/8 | €884 | €1,103 | +€219 | +24.8% |
| Gross operating margin | 9900 | €181,355 | €218,981 | +€37,626 | +20.7% |
| Operating profit (loss) | 9901 | €171,921 | €216,313 | +€44,392 | +25.8% |
| Financial income | 75/76B | €16,692 | €14,872 | -€1,820 | -10.9% |
| Recurring financial income | 75 | €16,692 | €14,872 | -€1,820 | -10.9% |
| Financial charges | 65/66B | -€2,541 | -€114 | +€2,427 | +95.5% |
| Recurring financial charges | 65 | -€2,541 | -€114 | +€2,427 | +95.5% |
| Profit (loss) for the period before taxes | 9903 | €191,154 | €231,299 | +€40,145 | +21.0% |
| Income taxes | 67/77 | €61,500 | €75,076 | +€13,576 | +22.1% |
| Profit (loss) for the period | 9904 | €129,654 | €156,223 | +€26,569 | +20.5% |
| Profit (loss) for the period to be appropriated | 9905 | €129,654 | €156,223 | +€26,569 | +20.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.