ELISA IDO: 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.
ELISA IDO
Largest movements
- Receivables within one year +€32,811
up €32,811 (+35.8%), from €91,540 to €124,351
of which Other amounts receivable: +€31,770
- Tangible fixed assets -€7,189
down €7,189 (-40.3%), from €17,852 to €10,664
of which Plant, machinery and equipment: -€6,009
- Cash -€3,755
down €3,755 (-10.7%), from €34,953 to €31,197
mainly Receivables within one year (-€32,811) and Investment in fixed assets (net) (-€1,583)
- Profit (loss) carried forward +€12,264
up €12,264 (+14.9%), from €82,328 to €94,593
- Tax, wage and social debts +€5,783
up €5,783 (+14.5%), from €39,761 to €45,545
of which Remuneration and social security: +€10,507
- Trade debts +€4,889
up €4,889 (+21.1%), from €23,131 to €28,020
- Turnover -€611,456
no longer reported in 2025 (was €611,456)
- Gross operating margin -€46,467
down €46,467 (-26.9%), from €172,595 to €126,128
- Purchases and services -€42,084
down €42,084 (-9.5%), from €441,360 to €399,275
- Staff costs -€12,333
down €12,333 (-16.3%), from €75,565 to €63,232
- Financial charges +€11,369
up €11,369 (+184%), from €6,180 to €17,548
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 | €147,720 | €170,657 | +€22,937 | +15.5% |
| Fixed assets | 21/28 | €17,852 | €10,664 | -€7,189 | -40.3% |
| Tangible fixed assets | 22/27 | €17,852 | €10,664 | -€7,189 | -40.3% |
| Plant, machinery and equipment | 23 | €15,016 | €9,007 | -€6,009 | -40.0% |
| Furniture and vehicles | 24 | €1,201 | €839 | -€362 | -30.1% |
| Other tangible fixed assets | 26 | €1,635 | €818 | -€818 | -50.0% |
| Current assets | 29/58 | €129,868 | €159,994 | +€30,125 | +23.2% |
| Stocks and contracts in progress | 3 | €2,290 | €2,290 | = | 0.0% |
| Stocks | 30/36 | €2,290 | €2,290 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €91,540 | €124,351 | +€32,811 | +35.8% |
| Trade receivables | 40 | €12,952 | €13,993 | +€1,041 | +8.0% |
| Other amounts receivable | 41 | €78,588 | €110,358 | +€31,770 | +40.4% |
| Cash at bank and in hand | 54/58 | €34,953 | €31,197 | -€3,755 | -10.7% |
| Deferred charges and accrued income | 490/1 | €1,086 | €2,155 | +€1,069 | +98.5% |
| Total equity and liabilities | 10/49 | €147,720 | €170,657 | +€22,937 | +15.5% |
| Equity | 10/15 | €84,828 | €97,093 | +€12,264 | +14.5% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Contributions outside capital | 11 | €2,500 | €2,500 | = | 0.0% |
| Other | 1109/19 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €82,328 | €94,593 | +€12,264 | +14.9% |
| Amounts payable | 17/49 | €62,892 | €73,565 | +€10,672 | +17.0% |
| Amounts payable within one year | 42/48 | €62,892 | €73,565 | +€10,672 | +17.0% |
| Trade debts | 44 | €23,131 | €28,020 | +€4,889 | +21.1% |
| Suppliers | 440/4 | €23,131 | €28,020 | +€4,889 | +21.1% |
| Taxes, remuneration and social security | 45 | €39,761 | €45,545 | +€5,783 | +14.5% |
| Taxes | 450/3 | €34,680 | €29,956 | -€4,724 | -13.6% |
| Remuneration and social security | 454/9 | €5,081 | €15,589 | +€10,507 | +207% |
| Turnover | 70 | €611,456 | - | -€611,456 | |
| Goods, raw materials, services and sundry goods | 60/61 | €441,360 | €399,275 | -€42,084 | -9.5% |
| Remuneration, social security and pensions | 62 | €75,565 | €63,232 | -€12,333 | -16.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,754 | €8,771 | +€1,018 | +13.1% |
| Other operating charges | 640/8 | €11,040 | €18,678 | +€7,639 | +69.2% |
| Gross operating margin | 9900 | €172,595 | €126,128 | -€46,467 | -26.9% |
| Operating profit (loss) | 9901 | €78,236 | €35,446 | -€42,790 | -54.7% |
| Financial income | 75/76B | €47 | €52 | +€5 | +9.9% |
| Recurring financial income | 75 | €47 | €52 | +€5 | +9.9% |
| Financial charges | 65/66B | €6,180 | €17,548 | +€11,369 | +184% |
| Recurring financial charges | 65 | €6,180 | €17,548 | +€11,369 | +184% |
| Profit (loss) for the period before taxes | 9903 | €72,104 | €17,950 | -€54,154 | -75.1% |
| Income taxes | 67/77 | €15,841 | €5,685 | -€10,155 | -64.1% |
| Profit (loss) for the period | 9904 | €56,263 | €12,264 | -€43,999 | -78.2% |
| Profit (loss) for the period to be appropriated | 9905 | €56,263 | €12,264 | -€43,999 | -78.2% |
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 28 October 2026 via checked.be.