ELISAYE: 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.
ELISAYE
Largest movements
- Stocks and contracts +€22,910
up €22,910 (+23.2%), from €98,719 to €121,629
- Cash +€15,112
up €15,112 (+40.8%), from €36,999 to €52,111
mainly Other debts (+€28,000) and Depreciation (+€13,147)
- Tangible fixed assets -€13,147
down €13,147 (-86.2%), from €15,257 to €2,111
- Receivables within one year -€4,902
down €4,902 (-61.4%), from €7,980 to €3,078
of which Trade receivables: -€4,902
- Other debts +€28,000
up €28,000 (+21.6%), from €129,551 to €157,551
- Current portion of long-term debt -€16,045
no longer reported in 2025 (was €16,045)
- Tax, wage and social debts +€7,885
up €7,885 (+29.3%), from €26,900 to €34,786
of which Remuneration and social security: +€7,428
- Profit (loss) carried forward +€6,027
up €6,027 (+7.8%), from -€77,671 to -€71,643
- Trade debts -€5,894
down €5,894 (-14.5%), from €40,529 to €34,636
- Gross operating margin +€51,819
up €51,819 (+40.5%), from €127,855 to €179,674
- Staff costs +€41,265
up €41,265 (+36.0%), from €114,494 to €155,759
- Other operating charges +€3,311
new in 2025: €3,311
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 | €158,954 | €178,929 | +€19,974 | +12.6% |
| Fixed assets | 21/28 | €15,257 | €2,111 | -€13,147 | -86.2% |
| Tangible fixed assets | 22/27 | €15,257 | €2,111 | -€13,147 | -86.2% |
| Plant, machinery and equipment | 23 | €15,257 | €2,111 | -€13,147 | -86.2% |
| Current assets | 29/58 | €143,697 | €176,818 | +€33,121 | +23.0% |
| Stocks and contracts in progress | 3 | €98,719 | €121,629 | +€22,910 | +23.2% |
| Stocks | 30/36 | €98,719 | €121,629 | +€22,910 | +23.2% |
| Amounts receivable within one year | 40/41 | €7,980 | €3,078 | -€4,902 | -61.4% |
| Trade receivables | 40 | €6,010 | €1,108 | -€4,902 | -81.6% |
| Other amounts receivable | 41 | €1,970 | €1,970 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €36,999 | €52,111 | +€15,112 | +40.8% |
| Total equity and liabilities | 10/49 | €158,954 | €178,929 | +€19,974 | +12.6% |
| Equity | 10/15 | -€54,071 | -€48,043 | +€6,027 | +11.1% |
| Contributions | 10/11 | €23,600 | €23,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€77,671 | -€71,643 | +€6,027 | +7.8% |
| Amounts payable | 17/49 | €213,025 | €226,972 | +€13,947 | +6.5% |
| Amounts payable within one year | 42/48 | €213,025 | €226,972 | +€13,947 | +6.5% |
| Current portion of amounts payable after more than one year | 42 | €16,045 | - | -€16,045 | |
| Trade debts | 44 | €40,529 | €34,636 | -€5,894 | -14.5% |
| Suppliers | 440/4 | €40,529 | €34,636 | -€5,894 | -14.5% |
| Taxes, remuneration and social security | 45 | €26,900 | €34,786 | +€7,885 | +29.3% |
| Taxes | 450/3 | €5,537 | €5,995 | +€458 | +8.3% |
| Remuneration and social security | 454/9 | €21,364 | €28,791 | +€7,428 | +34.8% |
| Other amounts payable | 47/48 | €129,551 | €157,551 | +€28,000 | +21.6% |
| Remuneration, social security and pensions | 62 | €114,494 | €155,759 | +€41,265 | +36.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,135 | €13,147 | -€989 | -7.0% |
| Other operating charges | 640/8 | - | €3,311 | +€3,311 | |
| Gross operating margin | 9900 | €127,855 | €179,674 | +€51,819 | +40.5% |
| Operating profit (loss) | 9901 | -€774 | €7,457 | +€8,232 | |
| Financial income | 75/76B | €10 | €15 | +€6 | +59.4% |
| Recurring financial income | 75 | €10 | €15 | +€6 | +59.4% |
| Financial charges | 65/66B | €1,024 | €1,445 | +€421 | +41.1% |
| Recurring financial charges | 65 | €1,024 | €1,445 | +€421 | +41.1% |
| Profit (loss) for the period before taxes | 9903 | -€1,789 | €6,027 | +€7,816 | |
| Profit (loss) for the period | 9904 | -€1,789 | €6,027 | +€7,816 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,789 | €6,027 | +€7,816 |
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 15 October 2026 via checked.be.