Elisoet: 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.
Elisoet
Largest movements
- Current investments -€120,000
down €120,000 (-100.0%), from €120,000 to €0
- Cash +€30,765
up €30,765 (+40.3%), from €76,410 to €107,175
mainly Current investments (+€120,000) and Other debts (+€97,707)
- Tangible fixed assets -€3,028
down €3,028 (-71.0%), from €4,268 to €1,240
- Reserves -€189,782
down €189,782 (-100.0%), from €189,782 to €0
- Other debts +€97,707
up €97,707, from €0 to €97,707
- Financial income +€2,637
new in 2025: €2,637
- Gross operating margin +€1,989
up €1,989 (+1.6%), from €122,859 to €124,848
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 | €201,363 | €108,461 | -€92,902 | -46.1% |
| Fixed assets | 21/28 | €4,268 | €1,240 | -€3,028 | -71.0% |
| Tangible fixed assets | 22/27 | €4,268 | €1,240 | -€3,028 | -71.0% |
| Furniture and vehicles | 24 | €4,268 | €1,240 | -€3,028 | -71.0% |
| Current assets | 29/58 | €197,095 | €107,222 | -€89,874 | -45.6% |
| Amounts receivable within one year | 40/41 | €639 | €0 | -€639 | -100.0% |
| Other amounts receivable | 41 | €639 | €0 | -€639 | -100.0% |
| Current investments | 50/53 | €120,000 | €0 | -€120,000 | -100.0% |
| Cash at bank and in hand | 54/58 | €76,410 | €107,175 | +€30,765 | +40.3% |
| Deferred charges and accrued income | 490/1 | €46 | €46 | = | 0.0% |
| Total equity and liabilities | 10/49 | €201,363 | €108,461 | -€92,902 | -46.1% |
| Equity | 10/15 | €192,282 | €2,500 | -€189,782 | -98.7% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €189,782 | €0 | -€189,782 | -100.0% |
| Distributable reserves | 133 | €189,782 | €0 | -€189,782 | -100.0% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €9,081 | €105,961 | +€96,881 | +1066.9% |
| Amounts payable within one year | 42/48 | €9,081 | €105,961 | +€96,881 | +1066.9% |
| Trade debts | 44 | €46 | €46 | = | 0.0% |
| Suppliers | 440/4 | €46 | €46 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €9,034 | €8,208 | -€827 | -9.2% |
| Taxes | 450/3 | €9,034 | €8,208 | -€827 | -9.2% |
| Other amounts payable | 47/48 | €0 | €97,707 | +€97,707 | |
| Remuneration, social security and pensions | 62 | €2,181 | €1,043 | -€1,138 | -52.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,037 | €3,028 | -€9 | -0.3% |
| Other operating charges | 640/8 | €1,010 | €1,026 | +€16 | +1.6% |
| Gross operating margin | 9900 | €122,859 | €124,848 | +€1,989 | +1.6% |
| Operating profit (loss) | 9901 | €116,631 | €119,751 | +€3,121 | +2.7% |
| Financial income | 75/76B | - | €2,637 | +€2,637 | |
| Recurring financial income | 75 | - | €2,637 | +€2,637 | |
| Financial charges | 65/66B | €99 | €95 | -€4 | -3.6% |
| Recurring financial charges | 65 | €99 | €95 | -€4 | -3.6% |
| Profit (loss) for the period before taxes | 9903 | €116,532 | €122,293 | +€5,761 | +4.9% |
| Income taxes | 67/77 | €26,724 | €26,535 | -€190 | -0.7% |
| Profit (loss) for the period | 9904 | €89,808 | €95,758 | +€5,950 | +6.6% |
| Profit (loss) for the period to be appropriated | 9905 | €89,808 | €95,758 | +€5,950 | +6.6% |
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 6 October 2026 via checked.be.