Elisabethshuis: what changed
Elisabethshuis
Largest movements
- Tangible fixed assets +€590,000
new in 2025: €590,000
- Stocks and contracts -€557,244
no longer reported in 2025 (was €557,244)
- Cash +€24,015
up €24,015 (+233%), from €10,298 to €34,314
mainly Stocks and contracts (+€557,244) and Current portion of long-term debt (+€120,000)
- Receivables within one year -€12,448
down €12,448 (-66.4%), from €18,749 to €6,301
of which Trade receivables: -€16,038
- Debts after one year -€120,000
down €120,000 (-32.4%), from €370,000 to €250,000
- Current portion of long-term debt +€120,000
new in 2025: €120,000
- Trade debts +€38,508
up €38,508 (+4,578%), from €841 to €39,349
- Profit (loss) carried forward -€29,928
down €29,928 (-695%), from -€4,307 to -€34,235
- Accrued charges and deferred income +€15,530
up €15,530 (+107%), from €14,527 to €30,057
- Financial charges -€33,830
down €33,830 (-60.5%), from €55,914 to €22,084
- Gross operating margin -€9,523
down €9,523 (-17.7%), from €53,877 to €44,354
- Other operating charges -€1,188
down €1,188 (-52.3%), from €2,271 to €1,082
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €591,153 | €630,781 | +€39,628 | +6.7% |
| Fixed assets | 21/28 | - | €590,000 | +€590,000 | |
| Tangible fixed assets | 22/27 | - | €590,000 | +€590,000 | |
| Land and buildings | 22 | - | €590,000 | +€590,000 | |
| Current assets | 29/58 | €591,153 | €40,781 | -€550,372 | -93.1% |
| Stocks and contracts in progress | 3 | €557,244 | - | -€557,244 | |
| Stocks | 30/36 | €557,244 | - | -€557,244 | |
| Amounts receivable within one year | 40/41 | €18,749 | €6,301 | -€12,448 | -66.4% |
| Trade receivables | 40 | €18,749 | €2,711 | -€16,038 | -85.5% |
| Other amounts receivable | 41 | - | €3,590 | +€3,590 | |
| Cash at bank and in hand | 54/58 | €10,298 | €34,314 | +€24,015 | +233% |
| Deferred charges and accrued income | 490/1 | €4,861 | €167 | -€4,695 | -96.6% |
| Total equity and liabilities | 10/49 | €591,153 | €630,781 | +€39,628 | +6.7% |
| Equity | 10/15 | €95,693 | €65,765 | -€29,928 | -31.3% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,307 | -€34,235 | -€29,928 | -695% |
| Amounts payable | 17/49 | €495,460 | €565,016 | +€69,556 | +14.0% |
| Amounts payable after more than one year | 17 | €370,000 | €250,000 | -€120,000 | -32.4% |
| Financial debts | 170/4 | €370,000 | €250,000 | -€120,000 | -32.4% |
| Amounts payable within one year | 42/48 | €110,932 | €284,959 | +€174,027 | +157% |
| Current portion of amounts payable after more than one year | 42 | - | €120,000 | +€120,000 | |
| Trade debts | 44 | €841 | €39,349 | +€38,508 | +4,578% |
| Suppliers | 440/4 | €841 | €39,349 | +€38,508 | +4,578% |
| Other amounts payable | 47/48 | €110,091 | €125,610 | +€15,518 | +14.1% |
| Accrued charges and deferred income | 492/3 | €14,527 | €30,057 | +€15,530 | +107% |
| Non-recurring operating income | 76A | - | €44,422 | +€44,422 | |
| Other operating charges | 640/8 | €2,271 | €1,082 | -€1,188 | -52.3% |
| Non-recurring operating charges | 66A | - | €51,116 | +€51,116 | |
| Gross operating margin | 9900 | €53,877 | €44,354 | -€9,523 | -17.7% |
| Operating profit (loss) | 9901 | €51,606 | -€7,844 | -€59,450 | |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €55,914 | €22,084 | -€33,830 | -60.5% |
| Recurring financial charges | 65 | €55,914 | €22,084 | -€33,830 | -60.5% |
| Profit (loss) for the period before taxes | 9903 | -€4,307 | -€29,928 | -€25,621 | -595% |
| Profit (loss) for the period | 9904 | -€4,307 | -€29,928 | -€25,621 | -595% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,307 | -€29,928 | -€25,621 | -595% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.