ELIK: 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.
ELIK
Largest movements
- Cash -€389,256
down €389,256 (-76.1%), from €511,247 to €121,991
mainly Contributions, distributions and other (-€1.9m)
- Receivables within one year -€134,072
down €134,072 (-73.6%), from €182,101 to €48,029
of which Other amounts receivable: -€129,309
- Current investments -€121,285
down €121,285 (-26.8%), from €452,263 to €330,978
- Tangible fixed assets -€100,791
down €100,791 (-17.2%), from €585,760 to €484,968
- Receivables after one year -€100,202
down €100,202 (-25.1%), from €400,000 to €299,798
- Reserves -€1.3m
down €1.3m (-62.9%), from €2.1m to €788,870
- Other debts +€377,988
up €377,988 (+1717.1%), from €22,013 to €400,000
- Advances received +€83,660
up €83,660 (+494.4%), from €16,921 to €100,581
- Gross operating margin +€39,499
up €39,499 (+4.7%), from €841,757 to €881,255
- Financial income -€9,488
down €9,488 (-40.5%), from €23,446 to €13,958
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 | €2,202,703 | €1,345,880 | -€856,824 | -38.9% |
| Fixed assets | 21/28 | €635,525 | €534,733 | -€100,791 | -15.9% |
| Tangible fixed assets | 22/27 | €585,760 | €484,968 | -€100,791 | -17.2% |
| Land and buildings | 22 | €163,119 | €130,495 | -€32,624 | -20.0% |
| Plant, machinery and equipment | 23 | €71,276 | €51,821 | -€19,455 | -27.3% |
| Furniture and vehicles | 24 | €68,978 | €52,404 | -€16,575 | -24.0% |
| Other tangible fixed assets | 26 | €282,387 | €250,248 | -€32,139 | -11.4% |
| Financial fixed assets | 28 | €49,765 | €49,765 | = | 0.0% |
| Current assets | 29/58 | €1,567,178 | €811,146 | -€756,032 | -48.2% |
| Amounts receivable after more than one year | 29 | €400,000 | €299,798 | -€100,202 | -25.1% |
| Other amounts receivable | 291 | €400,000 | €299,798 | -€100,202 | -25.1% |
| Amounts receivable within one year | 40/41 | €182,101 | €48,029 | -€134,072 | -73.6% |
| Trade receivables | 40 | €4,763 | - | -€4,763 | |
| Other amounts receivable | 41 | €177,338 | €48,029 | -€129,309 | -72.9% |
| Current investments | 50/53 | €452,263 | €330,978 | -€121,285 | -26.8% |
| Cash at bank and in hand | 54/58 | €511,247 | €121,991 | -€389,256 | -76.1% |
| Deferred charges and accrued income | 490/1 | €21,566 | €10,350 | -€11,216 | -52.0% |
| Total equity and liabilities | 10/49 | €2,202,703 | €1,345,880 | -€856,824 | -38.9% |
| Equity | 10/15 | €2,134,936 | €795,070 | -€1.3m | -62.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €2,128,736 | €788,870 | -€1.3m | -62.9% |
| Distributable reserves | 133 | €2,128,736 | €788,870 | -€1.3m | -62.9% |
| Amounts payable | 17/49 | €67,767 | €550,809 | +€483,042 | +712.8% |
| Amounts payable within one year | 42/48 | €67,767 | €550,809 | +€483,042 | +712.8% |
| Trade debts | 44 | €19,192 | €30,023 | +€10,831 | +56.4% |
| Suppliers | 440/4 | €19,192 | €30,023 | +€10,831 | +56.4% |
| Advances received on contracts in progress | 46 | €16,921 | €100,581 | +€83,660 | +494.4% |
| Taxes, remuneration and social security | 45 | €9,642 | €20,206 | +€10,564 | +109.6% |
| Taxes | 450/3 | - | €3,445 | +€3,445 | |
| Remuneration and social security | 454/9 | €9,642 | €16,761 | +€7,120 | +73.8% |
| Other amounts payable | 47/48 | €22,013 | €400,000 | +€377,988 | +1717.1% |
| Non-recurring operating income | 76A | €12,078 | - | -€12,078 | |
| Remuneration, social security and pensions | 62 | €77,064 | €82,172 | +€5,108 | +6.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €90,609 | €96,112 | +€5,502 | +6.1% |
| Other operating charges | 640/8 | €5,466 | €5,680 | +€214 | +3.9% |
| Gross operating margin | 9900 | €841,757 | €881,255 | +€39,499 | +4.7% |
| Operating profit (loss) | 9901 | €668,617 | €697,292 | +€28,675 | +4.3% |
| Financial income | 75/76B | €23,446 | €13,958 | -€9,488 | -40.5% |
| Recurring financial income | 75 | €23,446 | €13,958 | -€9,488 | -40.5% |
| Financial charges | 65/66B | €248 | €7,370 | +€7,122 | +2872.3% |
| Recurring financial charges | 65 | €248 | €206 | -€42 | -16.9% |
| Non-recurring financial charges | 66B | - | €7,164 | +€7,164 | |
| Profit (loss) for the period before taxes | 9903 | €691,815 | €703,879 | +€12,064 | +1.7% |
| Income taxes | 67/77 | €175,104 | €178,745 | +€3,641 | +2.1% |
| Profit (loss) for the period | 9904 | €516,712 | €525,134 | +€8,423 | +1.6% |
| Profit (loss) for the period to be appropriated | 9905 | €516,712 | €525,134 | +€8,423 | +1.6% |
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 4 October 2026 via checked.be.