Elisthé: 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.
Elisthé
Largest movements
- Receivables within one year +€15,148
up €15,148 (+30.0%), from €50,518 to €65,666
of which Other amounts receivable: +€13,733
- Tangible fixed assets -€7,820
down €7,820 (-5.2%), from €149,850 to €142,030
of which Land and buildings: -€10,455
- Stocks and contracts -€2,988
down €2,988 (-28.8%), from €10,363 to €7,375
- Debts after one year -€10,702
down €10,702 (-9.7%), from €110,459 to €99,757
- Trade debts +€8,030
up €8,030 (+119.6%), from €6,713 to €14,744
- Reserves +€2,803
up €2,803 (+6.7%), from €42,064 to €44,867
- Tax, wage and social debts +€2,515
up €2,515 (+11.5%), from €21,943 to €24,458
of which Remuneration and social security: +€4,545
- Accrued charges and deferred income -€2,279
no longer reported in 2025 (was €2,279)
- Gross operating margin -€27,432
down €27,432 (-39.0%), from €70,421 to €42,989
- Staff costs +€10,427
up €10,427 (+160.2%), from €6,509 to €16,936
- Taxes -€8,822
no longer reported in 2025 (was €8,822)
- Other operating charges +€3,074
up €3,074 (+98.4%), from €3,125 to €6,199
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.
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 | €216,397 | €219,088 | +€2,691 | +1.2% |
| Fixed assets | 21/28 | €149,975 | €142,155 | -€7,820 | -5.2% |
| Tangible fixed assets | 22/27 | €149,850 | €142,030 | -€7,820 | -5.2% |
| Land and buildings | 22 | €145,726 | €135,271 | -€10,455 | -7.2% |
| Plant, machinery and equipment | 23 | €764 | €1,728 | +€964 | +126.2% |
| Furniture and vehicles | 24 | €3,360 | €5,031 | +€1,670 | +49.7% |
| Financial fixed assets | 28 | €125 | €125 | = | 0.0% |
| Current assets | 29/58 | €66,422 | €76,934 | +€10,511 | +15.8% |
| Stocks and contracts in progress | 3 | €10,363 | €7,375 | -€2,988 | -28.8% |
| Stocks | 30/36 | €10,363 | €7,375 | -€2,988 | -28.8% |
| Amounts receivable within one year | 40/41 | €50,518 | €65,666 | +€15,148 | +30.0% |
| Trade receivables | 40 | - | €1,415 | +€1,415 | |
| Other amounts receivable | 41 | €50,518 | €64,251 | +€13,733 | +27.2% |
| Cash at bank and in hand | 54/58 | €5,541 | €3,892 | -€1,649 | -29.8% |
| Total equity and liabilities | 10/49 | €216,397 | €219,088 | +€2,691 | +1.2% |
| Equity | 10/15 | €62,064 | €64,867 | +€2,803 | +4.5% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €42,064 | €44,867 | +€2,803 | +6.7% |
| Distributable reserves | 133 | €42,064 | €44,867 | +€2,803 | +6.7% |
| Amounts payable | 17/49 | €154,334 | €154,221 | -€113 | -0.1% |
| Amounts payable after more than one year | 17 | €110,459 | €99,757 | -€10,702 | -9.7% |
| Financial debts | 170/4 | €110,459 | €99,757 | -€10,702 | -9.7% |
| Amounts payable within one year | 42/48 | €41,596 | €54,464 | +€12,868 | +30.9% |
| Current portion of amounts payable after more than one year | 42 | €10,464 | €10,702 | +€238 | +2.3% |
| Financial debts | 43 | €2,471 | €4,557 | +€2,085 | +84.4% |
| Credit institutions | 430/8 | €2,471 | €4,557 | +€2,085 | +84.4% |
| Trade debts | 44 | €6,713 | €14,744 | +€8,030 | +119.6% |
| Suppliers | 440/4 | €6,713 | €14,744 | +€8,030 | +119.6% |
| Taxes, remuneration and social security | 45 | €21,943 | €24,458 | +€2,515 | +11.5% |
| Taxes | 450/3 | €21,208 | €19,178 | -€2,030 | -9.6% |
| Remuneration and social security | 454/9 | €735 | €5,281 | +€4,545 | +618.1% |
| Other amounts payable | 47/48 | €4 | €4 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €2,279 | - | -€2,279 | |
| Remuneration, social security and pensions | 62 | €6,509 | €16,936 | +€10,427 | +160.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,070 | €12,178 | +€108 | +0.9% |
| Other operating charges | 640/8 | €3,125 | €6,199 | +€3,074 | +98.4% |
| Gross operating margin | 9900 | €70,421 | €42,989 | -€27,432 | -39.0% |
| Operating profit (loss) | 9901 | €48,718 | €7,677 | -€41,041 | -84.2% |
| Financial charges | 65/66B | €4,803 | €4,873 | +€70 | +1.5% |
| Recurring financial charges | 65 | €4,803 | €4,873 | +€70 | +1.5% |
| Profit (loss) for the period before taxes | 9903 | €43,914 | €2,803 | -€41,111 | -93.6% |
| Income taxes | 67/77 | €8,822 | - | -€8,822 | |
| Profit (loss) for the period | 9904 | €35,092 | €2,803 | -€32,289 | -92.0% |
| Profit (loss) for the period to be appropriated | 9905 | €35,092 | €2,803 | -€32,289 | -92.0% |
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 10 October 2026 via checked.be.