ELISHA Frank: 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.
ELISHA Frank
Largest movements
- Cash -€76,587
down €76,587 (-25.2%), from €303,467 to €226,880
mainly Receivables within one year (-€57,455) and Trade debts (-€46,374)
- Receivables within one year +€57,455
up €57,455 (+13.5%), from €424,551 to €482,006
of which Trade receivables: +€61,362
- Tangible fixed assets -€17,899
down €17,899 (-58.9%), from €30,365 to €12,466
- Trade debts -€46,374
down €46,374 (-20.9%), from €221,853 to €175,479
- Profit (loss) carried forward +€22,904
up €22,904 (+8.3%), from €277,327 to €300,231
- Other debts -€11,714
down €11,714 (-49.4%), from €23,714 to €12,000
- Gross operating margin +€69,673
up €69,673 (+6,059%), from €1,150 to €70,823
- Taxes +€5,636
up €5,636 (+122%), from €4,608 to €10,244
- Financial charges +€1,409
up €1,409 (+37.2%), from €3,790 to €5,199
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 | €758,383 | €721,352 | -€37,031 | -4.9% |
| Fixed assets | 21/28 | €30,365 | €12,466 | -€17,899 | -58.9% |
| Tangible fixed assets | 22/27 | €30,365 | €12,466 | -€17,899 | -58.9% |
| Furniture and vehicles | 24 | €30,365 | €12,466 | -€17,899 | -58.9% |
| Current assets | 29/58 | €728,018 | €708,886 | -€19,132 | -2.6% |
| Amounts receivable within one year | 40/41 | €424,551 | €482,006 | +€57,455 | +13.5% |
| Trade receivables | 40 | €418,685 | €480,047 | +€61,362 | +14.7% |
| Other amounts receivable | 41 | €5,866 | €1,959 | -€3,907 | -66.6% |
| Cash at bank and in hand | 54/58 | €303,467 | €226,880 | -€76,587 | -25.2% |
| Total equity and liabilities | 10/49 | €758,383 | €721,352 | -€37,031 | -4.9% |
| Equity | 10/15 | €499,327 | €522,231 | +€22,904 | +4.6% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Capital | 10 | €20,000 | - | -€20,000 | |
| Issued capital | 100 | €20,000 | - | -€20,000 | |
| Reserves | 13 | €202,000 | €202,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | - | -€2,000 | |
| Legal reserve | 130 | €2,000 | - | -€2,000 | |
| Distributable reserves | 133 | €200,000 | €202,000 | +€2,000 | +1.0% |
| Profit (loss) carried forward | 14 | €277,327 | €300,231 | +€22,904 | +8.3% |
| Amounts payable | 17/49 | €259,056 | €199,121 | -€59,935 | -23.1% |
| Amounts payable within one year | 42/48 | €259,056 | €199,121 | -€59,935 | -23.1% |
| Trade debts | 44 | €221,853 | €175,479 | -€46,374 | -20.9% |
| Suppliers | 440/4 | €221,853 | €175,479 | -€46,374 | -20.9% |
| Taxes, remuneration and social security | 45 | €13,489 | €11,642 | -€1,847 | -13.7% |
| Taxes | 450/3 | €13,489 | €11,642 | -€1,847 | -13.7% |
| Other amounts payable | 47/48 | €23,714 | €12,000 | -€11,714 | -49.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,813 | €19,455 | -€358 | -1.8% |
| Other operating charges | 640/8 | €1,348 | €1,022 | -€326 | -24.2% |
| Gross operating margin | 9900 | €1,150 | €70,823 | +€69,673 | +6,059% |
| Operating profit (loss) | 9901 | -€20,011 | €50,346 | +€70,357 | |
| Financial charges | 65/66B | €3,790 | €5,199 | +€1,409 | +37.2% |
| Recurring financial charges | 65 | €3,790 | €5,199 | +€1,409 | +37.2% |
| Profit (loss) for the period before taxes | 9903 | -€23,801 | €45,147 | +€68,948 | |
| Income taxes | 67/77 | €4,608 | €10,244 | +€5,636 | +122% |
| Profit (loss) for the period | 9904 | -€28,409 | €34,904 | +€63,313 | |
| Profit (loss) for the period to be appropriated | 9905 | -€28,409 | €34,904 | +€63,313 |
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 23 October 2026 via checked.be.