ELISA: 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.
ELISA
Largest movements
- Receivables within one year +€9,481
up €9,481 (+161.3%), from €5,879 to €15,360
- Tangible fixed assets -€6,315
down €6,315 (-91.1%), from €6,929 to €614
- Cash -€5,024
down €5,024 (-18.8%), from €26,743 to €21,718
mainly Trade debts (-€14,077) and Receivables within one year (-€9,481)
- Deferred charges and accrued income -€645
no longer reported in 2025 (was €645)
- Trade debts -€14,077
down €14,077 (-96.0%), from €14,664 to €587
- Profit (loss) carried forward +€13,365
up €13,365 (+255.7%), from €5,226 to €18,591
- Tax, wage and social debts -€2,125
no longer reported in 2025 (was €2,125)
- Gross operating margin -€47,206
down €47,206 (-73.3%), from €64,379 to €17,174
- Staff costs -€37,561
down €37,561 (-89.4%), from €42,015 to €4,454
- Financial income +€8,264
new in 2025: €8,264
of which Financial income: +€8,264
- Other operating charges -€4,829
down €4,829 (-84.8%), from €5,693 to €864
- Depreciation +€2,198
up €2,198 (+53.4%), from €4,117 to €6,315
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 | €40,615 | €37,867 | -€2,748 | -6.8% |
| Fixed assets | 21/28 | €7,104 | €789 | -€6,315 | -88.9% |
| Tangible fixed assets | 22/27 | €6,929 | €614 | -€6,315 | -91.1% |
| Furniture and vehicles | 24 | €6,929 | €614 | -€6,315 | -91.1% |
| Financial fixed assets | 28 | €175 | €175 | = | 0.0% |
| Current assets | 29/58 | €33,511 | €37,078 | +€3,567 | +10.6% |
| Stocks and contracts in progress | 3 | €245 | - | -€245 | |
| Stocks | 30/36 | €245 | - | -€245 | |
| Amounts receivable within one year | 40/41 | €5,879 | €15,360 | +€9,481 | +161.3% |
| Other amounts receivable | 41 | €5,879 | €15,360 | +€9,481 | +161.3% |
| Cash at bank and in hand | 54/58 | €26,743 | €21,718 | -€5,024 | -18.8% |
| Deferred charges and accrued income | 490/1 | €645 | - | -€645 | |
| Total equity and liabilities | 10/49 | €40,615 | €37,867 | -€2,748 | -6.8% |
| Equity | 10/15 | €23,826 | €37,191 | +€13,365 | +56.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5,226 | €18,591 | +€13,365 | +255.7% |
| Amounts payable | 17/49 | €16,789 | €676 | -€16,113 | -96.0% |
| Amounts payable within one year | 42/48 | €16,789 | €676 | -€16,113 | -96.0% |
| Financial debts | 43 | - | €89 | +€89 | |
| Credit institutions | 430/8 | - | €89 | +€89 | |
| Trade debts | 44 | €14,664 | €587 | -€14,077 | -96.0% |
| Suppliers | 440/4 | €14,664 | €587 | -€14,077 | -96.0% |
| Taxes, remuneration and social security | 45 | €2,125 | - | -€2,125 | |
| Taxes | 450/3 | €2,125 | - | -€2,125 | |
| Remuneration, social security and pensions | 62 | €42,015 | €4,454 | -€37,561 | -89.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,117 | €6,315 | +€2,198 | +53.4% |
| Other operating charges | 640/8 | €5,693 | €864 | -€4,829 | -84.8% |
| Gross operating margin | 9900 | €64,379 | €17,174 | -€47,206 | -73.3% |
| Operating profit (loss) | 9901 | €12,555 | €5,540 | -€7,015 | -55.9% |
| Financial income | 75/76B | - | €8,264 | +€8,264 | |
| Recurring financial income | 75 | - | €8,264 | +€8,264 | |
| Non-recurring financial income | 76B | - | €8,264 | +€8,264 | |
| Financial charges | 65/66B | €144 | €94 | -€50 | -34.8% |
| Recurring financial charges | 65 | €144 | €94 | -€50 | -34.8% |
| Profit (loss) for the period before taxes | 9903 | €12,411 | €13,711 | +€1,300 | +10.5% |
| Income taxes | 67/77 | - | €346 | +€346 | |
| Profit (loss) for the period | 9904 | €12,411 | €13,365 | +€954 | +7.7% |
| Profit (loss) for the period to be appropriated | 9905 | €12,411 | €13,365 | +€954 | +7.7% |
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 6 October 2026 via checked.be.