ELISAV: 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.
ELISAV
Largest movements
- Receivables within one year +€70,732
up €70,732 (+118%), from €60,098 to €130,829
of which Other amounts receivable: +€46,961
- Tangible fixed assets +€6,119
up €6,119 (+603%), from €1,015 to €7,134
of which Furniture and vehicles: +€6,197
- Cash -€1,455
down €1,455 (-21.0%), from €6,928 to €5,473
mainly Receivables within one year (-€70,732) and Investment in fixed assets (net) (-€8,000)
- Profit (loss) carried forward +€57,776
up €57,776 (+136%), from €42,437 to €100,213
- Tax, wage and social debts +€13,308
up €13,308 (+84.2%), from €15,811 to €29,119
- Trade debts +€5,334
up €5,334 (+64.7%), from €8,245 to €13,579
- Gross operating margin +€55,661
up €55,661 (+277%), from €20,084 to €75,745
- Taxes +€10,843
up €10,843 (+341%), from €3,178 to €14,021
- Financial income +€3,171
up €3,171 (+338%), from €939 to €4,111
- Other operating charges -€2,541
down €2,541 (-72.8%), from €3,491 to €950
- Depreciation +€1,617
up €1,617 (+610%), from €265 to €1,881
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 | €68,992 | €145,411 | +€76,419 | +111% |
| Fixed assets | 21/28 | €1,015 | €7,134 | +€6,119 | +603% |
| Tangible fixed assets | 22/27 | €1,015 | €7,134 | +€6,119 | +603% |
| Plant, machinery and equipment | 23 | €228 | €150 | -€78 | -34.2% |
| Furniture and vehicles | 24 | €787 | €6,984 | +€6,197 | +787% |
| Current assets | 29/58 | €67,977 | €138,277 | +€70,300 | +103% |
| Amounts receivable within one year | 40/41 | €60,098 | €130,829 | +€70,732 | +118% |
| Trade receivables | 40 | - | €23,771 | +€23,771 | |
| Other amounts receivable | 41 | €60,098 | €107,058 | +€46,961 | +78.1% |
| Cash at bank and in hand | 54/58 | €6,928 | €5,473 | -€1,455 | -21.0% |
| Deferred charges and accrued income | 490/1 | €951 | €1,974 | +€1,023 | +108% |
| Total equity and liabilities | 10/49 | €68,992 | €145,411 | +€76,419 | +111% |
| Equity | 10/15 | €44,937 | €102,713 | +€57,776 | +129% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €42,437 | €100,213 | +€57,776 | +136% |
| Amounts payable | 17/49 | €24,056 | €42,698 | +€18,642 | +77.5% |
| Amounts payable within one year | 42/48 | €24,056 | €42,698 | +€18,642 | +77.5% |
| Trade debts | 44 | €8,245 | €13,579 | +€5,334 | +64.7% |
| Suppliers | 440/4 | €8,245 | €13,579 | +€5,334 | +64.7% |
| Taxes, remuneration and social security | 45 | €15,811 | €29,119 | +€13,308 | +84.2% |
| Taxes | 450/3 | €15,811 | €29,119 | +€13,308 | +84.2% |
| Remuneration, social security and pensions | 62 | €2,571 | €3,403 | +€832 | +32.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €265 | €1,881 | +€1,617 | +610% |
| Other operating charges | 640/8 | €3,491 | €950 | -€2,541 | -72.8% |
| Gross operating margin | 9900 | €20,084 | €75,745 | +€55,661 | +277% |
| Operating profit (loss) | 9901 | €13,756 | €69,510 | +€55,754 | +405% |
| Financial income | 75/76B | €939 | €4,111 | +€3,171 | +338% |
| Recurring financial income | 75 | €939 | €4,111 | +€3,171 | +338% |
| Financial charges | 65/66B | €530 | €1,824 | +€1,293 | +244% |
| Recurring financial charges | 65 | €530 | €1,824 | +€1,293 | +244% |
| Profit (loss) for the period before taxes | 9903 | €14,166 | €71,798 | +€57,632 | +407% |
| Income taxes | 67/77 | €3,178 | €14,021 | +€10,843 | +341% |
| Profit (loss) for the period | 9904 | €10,988 | €57,776 | +€46,789 | +426% |
| Profit (loss) for the period to be appropriated | 9905 | €10,988 | €57,776 | +€46,789 | +426% |
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 17 October 2026 via checked.be.