ELISEAN: 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.
ELISEAN
Largest movements
- Current investments +€57,248
new in 2025: €57,248
- Receivables within one year -€4,581
down €4,581 (-12.1%), from €37,749 to €33,168
of which Trade receivables: -€4,639
- Cash +€3,949
up €3,949 (+5.0%), from €79,243 to €83,192
mainly Net result for the year (+€58,611) and Receivables within one year (+€4,581)
- Tangible fixed assets -€1,975
down €1,975 (-54.4%), from €3,632 to €1,657
- Reserves +€58,611
up €58,611 (+81.8%), from €71,609 to €130,220
- Tax, wage and social debts -€6,481
down €6,481 (-29.8%), from €21,775 to €15,295
of which Taxes: -€6,481
- Gross operating margin -€17,227
down €17,227 (-16.6%), from €103,991 to €86,763
- Taxes -€4,685
down €4,685 (-16.7%), from €28,036 to €23,351
- Financial charges +€1,098
up €1,098 (+114%), from €959 to €2,057
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 | €121,063 | €175,718 | +€54,655 | +45.1% |
| Fixed assets | 21/28 | €3,632 | €1,657 | -€1,975 | -54.4% |
| Tangible fixed assets | 22/27 | €3,632 | €1,657 | -€1,975 | -54.4% |
| Furniture and vehicles | 24 | €3,632 | €1,657 | -€1,975 | -54.4% |
| Current assets | 29/58 | €117,431 | €174,061 | +€56,629 | +48.2% |
| Amounts receivable within one year | 40/41 | €37,749 | €33,168 | -€4,581 | -12.1% |
| Trade receivables | 40 | €37,749 | €33,109 | -€4,639 | -12.3% |
| Other amounts receivable | 41 | €0 | €58 | +€58 | |
| Current investments | 50/53 | - | €57,248 | +€57,248 | |
| Cash at bank and in hand | 54/58 | €79,243 | €83,192 | +€3,949 | +5.0% |
| Deferred charges and accrued income | 490/1 | €440 | €453 | +€13 | +3.0% |
| Total equity and liabilities | 10/49 | €121,063 | €175,718 | +€54,655 | +45.1% |
| Equity | 10/15 | €90,209 | €148,820 | +€58,611 | +65.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €71,609 | €130,220 | +€58,611 | +81.8% |
| Distributable reserves | 133 | €71,609 | €130,220 | +€58,611 | +81.8% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €30,855 | €26,898 | -€3,956 | -12.8% |
| Amounts payable within one year | 42/48 | €30,785 | €26,842 | -€3,943 | -12.8% |
| Financial debts | 43 | €195 | €3 | -€192 | -98.5% |
| Credit institutions | 430/8 | €195 | €3 | -€192 | -98.5% |
| Trade debts | 44 | €1,064 | €2,692 | +€1,629 | +153% |
| Suppliers | 440/4 | €1,064 | €2,692 | +€1,629 | +153% |
| Taxes, remuneration and social security | 45 | €21,775 | €15,295 | -€6,481 | -29.8% |
| Taxes | 450/3 | €19,430 | €12,950 | -€6,481 | -33.4% |
| Remuneration and social security | 454/9 | €2,345 | €2,345 | = | 0.0% |
| Other amounts payable | 47/48 | €7,752 | €8,853 | +€1,101 | +14.2% |
| Accrued charges and deferred income | 492/3 | €69 | €56 | -€13 | -19.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,867 | €1,975 | +€108 | +5.8% |
| Other operating charges | 640/8 | €1,519 | €833 | -€686 | -45.1% |
| Gross operating margin | 9900 | €103,991 | €86,763 | -€17,227 | -16.6% |
| Operating profit (loss) | 9901 | €100,604 | €83,955 | -€16,649 | -16.5% |
| Financial income | 75/76B | €0 | €64 | +€64 | |
| Recurring financial income | 75 | €0 | €64 | +€64 | |
| Financial charges | 65/66B | €959 | €2,057 | +€1,098 | +114% |
| Recurring financial charges | 65 | €959 | €2,057 | +€1,098 | +114% |
| Profit (loss) for the period before taxes | 9903 | €99,645 | €81,962 | -€17,683 | -17.7% |
| Income taxes | 67/77 | €28,036 | €23,351 | -€4,685 | -16.7% |
| Profit (loss) for the period | 9904 | €71,609 | €58,611 | -€12,998 | -18.2% |
| Profit (loss) for the period to be appropriated | 9905 | €71,609 | €58,611 | -€12,998 | -18.2% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.