ELISELLA: what changed
Two fiscal 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.
ELISELLA
Largest movements
- Receivables after one year -€26,000
down €26,000 (-34.2%), from €76,000 to €50,000
- Receivables within one year -€4,620
down €4,620 (-27.0%), from €17,126 to €12,506
- Tangible fixed assets +€973
up €973 (+47.2%), from €2,060 to €3,033
of which Plant, machinery and equipment: +€1,513
- Reserves -€25,876
down €25,876 (-44.4%), from €58,304 to €32,428
- Debts after one year -€6,226
down €6,226 (-43.0%), from €14,495 to €8,269
- Trade debts +€2,618
new in 2025: €2,618
- Tax, wage and social debts +€1,610
up €1,610 (+192.8%), from €835 to €2,446
- Other debts -€1,518
down €1,518 (-41.1%), from €3,693 to €2,175
- Gross operating margin -€20,736
down €20,736 (-629.3%), from -€3,295 to -€24,031
- Financial charges -€1,847
down €1,847 (-47.1%), from €3,920 to €2,073
- Financial income -€1,479
down €1,479 (-49.7%), from €2,979 to €1,500
- Depreciation -€1,236
down €1,236 (-59.5%), from €2,078 to €842
- Other operating charges -€444
down €444 (-66.3%), from €670 to €226
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 | €95,494 | €65,790 | -€29,704 | -31.1% |
| Fixed assets | 21/28 | €2,060 | €3,033 | +€973 | +47.2% |
| Tangible fixed assets | 22/27 | €2,060 | €3,033 | +€973 | +47.2% |
| Plant, machinery and equipment | 23 | €572 | €2,085 | +€1,513 | +264.4% |
| Furniture and vehicles | 24 | €1,488 | €948 | -€540 | -36.3% |
| Current assets | 29/58 | €93,434 | €62,757 | -€30,677 | -32.8% |
| Amounts receivable after more than one year | 29 | €76,000 | €50,000 | -€26,000 | -34.2% |
| Other amounts receivable | 291 | €76,000 | €50,000 | -€26,000 | -34.2% |
| Amounts receivable within one year | 40/41 | €17,126 | €12,506 | -€4,620 | -27.0% |
| Trade receivables | 40 | €17,126 | €12,506 | -€4,620 | -27.0% |
| Cash at bank and in hand | 54/58 | €100 | - | -€100 | |
| Deferred charges and accrued income | 490/1 | €209 | €251 | +€42 | +20.4% |
| Total equity and liabilities | 10/49 | €95,494 | €65,790 | -€29,704 | -31.1% |
| Equity | 10/15 | €58,304 | €32,428 | -€25,876 | -44.4% |
| Reserves | 13 | €58,304 | €32,428 | -€25,876 | -44.4% |
| Distributable reserves | 133 | €58,304 | €32,428 | -€25,876 | -44.4% |
| Amounts payable | 17/49 | €37,191 | €33,362 | -€3,829 | -10.3% |
| Amounts payable after more than one year | 17 | €14,495 | €8,269 | -€6,226 | -43.0% |
| Financial debts | 170/4 | €14,495 | €8,269 | -€6,226 | -43.0% |
| Amounts payable within one year | 42/48 | €22,696 | €25,093 | +€2,397 | +10.6% |
| Current portion of amounts payable after more than one year | 42 | €7,887 | €7,735 | -€152 | -1.9% |
| Financial debts | 43 | €10,281 | €10,119 | -€162 | -1.6% |
| Credit institutions | 430/8 | €10,281 | €10,119 | -€162 | -1.6% |
| Trade debts | 44 | - | €2,618 | +€2,618 | |
| Suppliers | 440/4 | - | €2,618 | +€2,618 | |
| Taxes, remuneration and social security | 45 | €835 | €2,446 | +€1,610 | +192.8% |
| Taxes | 450/3 | €835 | €2,446 | +€1,610 | +192.8% |
| Other amounts payable | 47/48 | €3,693 | €2,175 | -€1,518 | -41.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,078 | €842 | -€1,236 | -59.5% |
| Other operating charges | 640/8 | €670 | €226 | -€444 | -66.3% |
| Gross operating margin | 9900 | -€3,295 | -€24,031 | -€20,736 | -629.3% |
| Operating profit (loss) | 9901 | -€6,044 | -€25,099 | -€19,056 | -315.3% |
| Financial income | 75/76B | €2,979 | €1,500 | -€1,479 | -49.7% |
| Recurring financial income | 75 | €2,979 | €1,500 | -€1,479 | -49.7% |
| Financial charges | 65/66B | €3,920 | €2,073 | -€1,847 | -47.1% |
| Recurring financial charges | 65 | €3,920 | €2,073 | -€1,847 | -47.1% |
| Profit (loss) for the period before taxes | 9903 | -€6,984 | -€25,672 | -€18,688 | -267.6% |
| Income taxes | 67/77 | €218 | €203 | -€15 | -6.7% |
| Profit (loss) for the period | 9904 | -€7,202 | -€25,876 | -€18,673 | -259.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,202 | -€25,876 | -€18,673 | -259.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.