ELISIUM: 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.
ELISIUM
Largest movements
- Cash -€11,443
no longer reported in 2025 (was €11,443)
mainly Investment in fixed assets (net) (-€38,372) and Debts after one year (-€34,139)
- Tangible fixed assets -€8,983
down €8,983 (-1.9%), from €477,583 to €468,600
of which Land and buildings: -€32,161
- Receivables within one year -€7,932
down €7,932 (-39.8%), from €19,941 to €12,010
of which Trade receivables: -€7,835
- Debts after one year -€34,139
down €34,139 (-32.6%), from €104,704 to €70,565
- Turnover -€87,117
no longer reported in 2025 (was €87,117)
- Purchases and services -€9,722
down €9,722 (-30.0%), from €32,360 to €22,638
- Depreciation +€2,394
up €2,394 (+5.3%), from €44,961 to €47,355
- Gross operating margin +€2,132
up €2,132 (+3.9%), from €54,757 to €56,889
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 | €515,301 | €485,667 | -€29,634 | -5.8% |
| Fixed assets | 21/28 | €478,083 | €469,100 | -€8,983 | -1.9% |
| Tangible fixed assets | 22/27 | €477,583 | €468,600 | -€8,983 | -1.9% |
| Land and buildings | 22 | €458,045 | €425,884 | -€32,161 | -7.0% |
| Plant, machinery and equipment | 23 | €11,512 | €38,040 | +€26,528 | +230.4% |
| Furniture and vehicles | 24 | €748 | €698 | -€50 | -6.7% |
| Leasing and similar rights | 25 | €7,278 | €3,978 | -€3,300 | -45.3% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €37,218 | €16,567 | -€20,651 | -55.5% |
| Amounts receivable within one year | 40/41 | €19,941 | €12,010 | -€7,932 | -39.8% |
| Trade receivables | 40 | €19,737 | €11,902 | -€7,835 | -39.7% |
| Other amounts receivable | 41 | €204 | €108 | -€97 | -47.4% |
| Cash at bank and in hand | 54/58 | €11,443 | - | -€11,443 | |
| Deferred charges and accrued income | 490/1 | €5,834 | €4,557 | -€1,277 | -21.9% |
| Total equity and liabilities | 10/49 | €515,301 | €485,667 | -€29,634 | -5.8% |
| Equity | 10/15 | -€84,869 | -€87,530 | -€2,661 | -3.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€91,069 | -€93,730 | -€2,661 | -2.9% |
| Amounts payable | 17/49 | €600,170 | €573,197 | -€26,973 | -4.5% |
| Amounts payable after more than one year | 17 | €104,704 | €70,565 | -€34,139 | -32.6% |
| Financial debts | 170/4 | €104,704 | €70,565 | -€34,139 | -32.6% |
| Amounts payable within one year | 42/48 | €495,465 | €502,632 | +€7,167 | +1.4% |
| Current portion of amounts payable after more than one year | 42 | €30,278 | €34,139 | +€3,862 | +12.8% |
| Financial debts | 43 | - | €1,013 | +€1,013 | |
| Credit institutions | 430/8 | - | €1,013 | +€1,013 | |
| Trade debts | 44 | €1,153 | €1,715 | +€562 | +48.7% |
| Suppliers | 440/4 | €1,153 | €1,715 | +€562 | +48.7% |
| Taxes, remuneration and social security | 45 | - | €176 | +€176 | |
| Taxes | 450/3 | - | €176 | +€176 | |
| Other amounts payable | 47/48 | €464,034 | €465,589 | +€1,554 | +0.3% |
| Turnover | 70 | €87,117 | - | -€87,117 | |
| Goods, raw materials, services and sundry goods | 60/61 | €32,360 | €22,638 | -€9,722 | -30.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,961 | €47,355 | +€2,394 | +5.3% |
| Other operating charges | 640/8 | €2,648 | €3,514 | +€866 | +32.7% |
| Non-recurring operating charges | 66A | - | €250 | +€250 | |
| Gross operating margin | 9900 | €54,757 | €56,889 | +€2,132 | +3.9% |
| Operating profit (loss) | 9901 | €7,148 | €5,770 | -€1,378 | -19.3% |
| Financial income | 75/76B | €75 | - | -€75 | |
| Recurring financial income | 75 | €75 | - | -€75 | |
| Financial charges | 65/66B | €7,809 | €8,431 | +€622 | +8.0% |
| Recurring financial charges | 65 | €7,809 | €8,431 | +€622 | +8.0% |
| Profit (loss) for the period before taxes | 9903 | -€586 | -€2,661 | -€2,076 | -354.5% |
| Profit (loss) for the period | 9904 | -€586 | -€2,661 | -€2,076 | -354.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€586 | -€2,661 | -€2,076 | -354.5% |
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 9 October 2026 via checked.be.