ELISTE: 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.
What changed
ELISTE
NACE 68.201, Renting and operating of own or leased residential real estate, excluding social housing
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€41,495
2024 · -€93,820+€135,316
Equity
€516,626
2024 · €475,131+€41,495
Cash
€387
2024 · €154+€233
Balance sheet total
€3.1m
2024 · €3.2m-€76,931
Largest movements
Assets
- Tangible fixed assets -€60,475
down €60,475 (-1.9%), from €3.1m to €3.0m
of which Land and buildings: -€53,318
Equity and liabilities
- Debts after one year -€172,337
down €172,337 (-12.2%), from €1.4m to €1.2m
of which Financial debts: -€160,824
- Other debts +€106,511
up €106,511 (+10.3%), from €1.0m to €1.1m
- Profit (loss) carried forward +€41,495
up €41,495 (+10.8%), from -€382,582 to -€341,086
Income statement
- Gross operating margin +€114,761
up €114,761 (+182.8%), from €62,791 to €177,552
- Financial charges -€11,706
down €11,706 (-25.4%), from €46,101 to €34,396
- Depreciation -€9,974
down €9,974 (-9.4%), from €106,119 to €96,145
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.
Result 2024
-€93,820
Gross operating margin
+€114,761
Depreciation
+€9,974
Other operating charges
-€338
Financial income
-€787
Financial charges
+€11,706
Result 2025
€41,495
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.
From operations
+€246,992
Investment
-€35,670
Financing
-€211,089
Cash 2024
€154
From operations (derived)
+€246,992
Net result for the year
+€41,495
Depreciation
+€96,145
Receivables within one year
+€15,791
Deferred charges and accrued income
+€898
Trade debts
-€15,993
Other debts
+€106,511
Accrued charges and deferred income
+€2,145
Investment (derived)
-€35,670
Investment in fixed assets (net)
-€35,670
Financing
-€211,089
Debts after one year
-€172,337
Current portion of long-term debt
-€29,455
Short-term financial debts
-€9,297
Cash 2025
€387
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,166,239 | €3,089,308 | -€76,931 | -2.4% |
| Fixed assets | 21/28 | €3,109,711 | €3,049,235 | -€60,475 | -1.9% |
| Tangible fixed assets | 22/27 | €3,109,711 | €3,049,235 | -€60,475 | -1.9% |
| Land and buildings | 22 | €3,098,869 | €3,045,551 | -€53,318 | -1.7% |
| Plant, machinery and equipment | 23 | €10,842 | €3,684 | -€7,158 | -66.0% |
| Current assets | 29/58 | €56,528 | €40,073 | -€16,455 | -29.1% |
| Amounts receivable within one year | 40/41 | €53,667 | €37,876 | -€15,791 | -29.4% |
| Trade receivables | 40 | €22,535 | €19,998 | -€2,538 | -11.3% |
| Other amounts receivable | 41 | €31,132 | €17,879 | -€13,253 | -42.6% |
| Cash at bank and in hand | 54/58 | €154 | €387 | +€233 | +151.9% |
| Deferred charges and accrued income | 490/1 | €2,708 | €1,810 | -€898 | -33.2% |
| Total equity and liabilities | 10/49 | €3,166,239 | €3,089,308 | -€76,931 | -2.4% |
| Equity | 10/15 | €475,131 | €516,626 | +€41,495 | +8.7% |
| Contributions | 10/11 | €830,443 | €830,443 | = | 0.0% |
| Capital | 10 | €830,443 | €830,443 | = | 0.0% |
| Issued capital | 100 | €830,443 | €830,443 | = | 0.0% |
| Reserves | 13 | €27,269 | €27,269 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,355 | €2,355 | = | 0.0% |
| Legal reserve | 130 | €2,355 | €2,355 | = | 0.0% |
| Tax-exempt reserves | 132 | €923 | €923 | = | 0.0% |
| Distributable reserves | 133 | €23,991 | €23,991 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€382,582 | -€341,086 | +€41,495 | +10.8% |
| Provisions and deferred taxes | 16 | €22,762 | €22,762 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €22,762 | €22,762 | = | 0.0% |
| Other liabilities and charges | 164/5 | €22,762 | €22,762 | = | 0.0% |
| Amounts payable | 17/49 | €2,668,345 | €2,549,920 | -€118,426 | -4.4% |
| Amounts payable after more than one year | 17 | €1,408,018 | €1,235,681 | -€172,337 | -12.2% |
| Financial debts | 170/4 | €798,067 | €637,243 | -€160,824 | -20.2% |
| Other amounts payable | 178/9 | €609,951 | €598,438 | -€11,513 | -1.9% |
| Amounts payable within one year | 42/48 | €1,258,192 | €1,309,957 | +€51,766 | +4.1% |
| Current portion of amounts payable after more than one year | 42 | €107,795 | €78,340 | -€29,455 | -27.3% |
| Financial debts | 43 | €92,766 | €83,469 | -€9,297 | -10.0% |
| Credit institutions | 430/8 | €92,766 | €83,469 | -€9,297 | -10.0% |
| Trade debts | 44 | €17,311 | €1,318 | -€15,993 | -92.4% |
| Suppliers | 440/4 | €17,311 | €1,318 | -€15,993 | -92.4% |
| Taxes, remuneration and social security | 45 | €3,000 | €3,000 | = | 0.0% |
| Taxes | 450/3 | €3,000 | €3,000 | = | 0.0% |
| Other amounts payable | 47/48 | €1,037,320 | €1,143,830 | +€106,511 | +10.3% |
| Accrued charges and deferred income | 492/3 | €2,136 | €4,281 | +€2,145 | +100.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €106,119 | €96,145 | -€9,974 | -9.4% |
| Other operating charges | 640/8 | €5,226 | €5,564 | +€338 | +6.5% |
| Gross operating margin | 9900 | €62,791 | €177,552 | +€114,761 | +182.8% |
| Operating profit (loss) | 9901 | -€48,554 | €75,843 | +€124,397 | |
| Financial income | 75/76B | €835 | €48 | -€787 | -94.2% |
| Recurring financial income | 75 | €835 | €48 | -€787 | -94.2% |
| Financial charges | 65/66B | €46,101 | €34,396 | -€11,706 | -25.4% |
| Recurring financial charges | 65 | €46,101 | €34,396 | -€11,706 | -25.4% |
| Profit (loss) for the period before taxes | 9903 | -€93,820 | €41,495 | +€135,316 | |
| Profit (loss) for the period | 9904 | -€93,820 | €41,495 | +€135,316 | |
| Profit (loss) for the period to be appropriated | 9905 | -€93,820 | €41,495 | +€135,316 |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.