ELISCON: 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.
ELISCON
Largest movements
- Financial fixed assets +€80,839
up €80,839 (+49.0%), from €165,000 to €245,839
- Cash -€25,593
down €25,593 (-94.0%), from €27,221 to €1,628
mainly Investment in fixed assets (net) (-€105,936) and Debts after one year (-€37,109)
- Receivables within one year -€11,689
down €11,689 (-17.3%), from €67,593 to €55,904
of which Other amounts receivable: -€7,948
- Reserves +€84,139
up €84,139 (+40.6%), from €207,112 to €291,251
of which Tax-exempt reserves: +€42,100
- Debts after one year -€37,109
down €37,109 (-8.8%), from €419,431 to €382,321
- Current portion of long-term debt +€10,036
up €10,036 (+37.1%), from €27,073 to €37,109
- Gross operating margin +€43,014
up €43,014 (+33.0%), from €130,239 to €173,253
- Taxes +€10,568
up €10,568 (+44.1%), from €23,970 to €34,537
- Depreciation +€5,358
up €5,358 (+30.5%), from €17,581 to €22,940
- Other operating charges -€4,001
down €4,001 (-57.1%), from €7,012 to €3,011
- Financial charges +€1,948
up €1,948 (+11.4%), from €17,110 to €19,058
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 | €712,758 | €760,046 | +€47,288 | +6.6% |
| Fixed assets | 21/28 | €604,433 | €687,430 | +€82,997 | +13.7% |
| Tangible fixed assets | 22/27 | €439,433 | €441,591 | +€2,157 | +0.5% |
| Land and buildings | 22 | €419,652 | €412,466 | -€7,186 | -1.7% |
| Plant, machinery and equipment | 23 | €142 | €77 | -€65 | -45.9% |
| Furniture and vehicles | 24 | €19,640 | €29,048 | +€9,408 | +47.9% |
| Financial fixed assets | 28 | €165,000 | €245,839 | +€80,839 | +49.0% |
| Current assets | 29/58 | €108,325 | €72,616 | -€35,709 | -33.0% |
| Stocks and contracts in progress | 3 | €10,000 | €10,000 | = | 0.0% |
| Stocks | 30/36 | €10,000 | €10,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €67,593 | €55,904 | -€11,689 | -17.3% |
| Trade receivables | 40 | €59,168 | €55,427 | -€3,741 | -6.3% |
| Other amounts receivable | 41 | €8,425 | €477 | -€7,948 | -94.3% |
| Cash at bank and in hand | 54/58 | €27,221 | €1,628 | -€25,593 | -94.0% |
| Deferred charges and accrued income | 490/1 | €3,511 | €5,085 | +€1,573 | +44.8% |
| Total equity and liabilities | 10/49 | €712,758 | €760,046 | +€47,288 | +6.6% |
| Equity | 10/15 | €225,712 | €309,851 | +€84,139 | +37.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €207,112 | €291,251 | +€84,139 | +40.6% |
| Tax-exempt reserves | 132 | - | €42,100 | +€42,100 | |
| Distributable reserves | 133 | €207,112 | €249,151 | +€42,039 | +20.3% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €487,046 | €450,195 | -€36,851 | -7.6% |
| Amounts payable after more than one year | 17 | €419,431 | €382,321 | -€37,109 | -8.8% |
| Financial debts | 170/4 | €419,431 | €382,321 | -€37,109 | -8.8% |
| Amounts payable within one year | 42/48 | €67,616 | €67,874 | +€258 | +0.4% |
| Current portion of amounts payable after more than one year | 42 | €27,073 | €37,109 | +€10,036 | +37.1% |
| Financial debts | 43 | €508 | €2,255 | +€1,747 | +343.9% |
| Credit institutions | 430/8 | €508 | €2,255 | +€1,747 | +343.9% |
| Trade debts | 44 | €18,390 | €11,224 | -€7,167 | -39.0% |
| Suppliers | 440/4 | €18,390 | €11,224 | -€7,167 | -39.0% |
| Taxes, remuneration and social security | 45 | €21,644 | €17,257 | -€4,387 | -20.3% |
| Taxes | 450/3 | €21,644 | €17,257 | -€4,387 | -20.3% |
| Other amounts payable | 47/48 | - | €28 | +€28 | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,581 | €22,940 | +€5,358 | +30.5% |
| Other operating charges | 640/8 | €7,012 | €3,011 | -€4,001 | -57.1% |
| Non-recurring operating charges | 66A | €54 | €9,667 | +€9,613 | +17792.2% |
| Gross operating margin | 9900 | €130,239 | €173,253 | +€43,014 | +33.0% |
| Operating profit (loss) | 9901 | €105,592 | €137,635 | +€32,043 | +30.3% |
| Financial income | 75/76B | €171 | €99 | -€71 | -41.7% |
| Recurring financial income | 75 | €171 | €99 | -€71 | -41.7% |
| Financial charges | 65/66B | €17,110 | €19,058 | +€1,948 | +11.4% |
| Recurring financial charges | 65 | €17,110 | €19,058 | +€1,948 | +11.4% |
| Profit (loss) for the period before taxes | 9903 | €88,653 | €118,677 | +€30,024 | +33.9% |
| Income taxes | 67/77 | €23,970 | €34,537 | +€10,568 | +44.1% |
| Profit (loss) for the period | 9904 | €64,683 | €84,139 | +€19,457 | +30.1% |
| Transfer to tax-exempt reserves | 689 | - | €42,100 | +€42,100 | |
| Profit (loss) for the period to be appropriated | 9905 | €64,683 | €42,039 | -€22,643 | -35.0% |
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 11 October 2026 via checked.be.