ELIT: 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.
ELIT
Largest movements
- Cash +€28,614
up €28,614 (+87.3%), from €32,768 to €61,382
mainly Net result for the year (+€30,693) and Other debts (+€19,722)
- Tangible fixed assets -€14,060
down €14,060 (-26.9%), from €52,272 to €38,212
of which Leasing and similar rights: -€14,060
- Receivables within one year -€2,230
down €2,230 (-8.0%), from €27,721 to €25,491
of which Other amounts receivable: -€5,342
- Other debts +€19,722
up €19,722 (+43.7%), from €45,127 to €64,849
- Debts after one year -€9,350
down €9,350 (-36.2%), from €25,860 to €16,510
- Gross operating margin +€5,727
up €5,727 (+10.8%), from €52,972 to €58,699
- Taxes +€1,418
up €1,418 (+20.7%), from €6,857 to €8,275
- Depreciation -€1,159
down €1,159 (-7.6%), from €15,219 to €14,060
- Other operating charges -€878
down €878 (-28.8%), from €3,044 to €2,166
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 | €115,311 | €127,814 | +€12,503 | +10.8% |
| Fixed assets | 21/28 | €52,272 | €38,212 | -€14,060 | -26.9% |
| Tangible fixed assets | 22/27 | €52,272 | €38,212 | -€14,060 | -26.9% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Leasing and similar rights | 25 | €52,272 | €38,212 | -€14,060 | -26.9% |
| Current assets | 29/58 | €63,039 | €89,602 | +€26,563 | +42.1% |
| Amounts receivable within one year | 40/41 | €27,721 | €25,491 | -€2,230 | -8.0% |
| Trade receivables | 40 | €21,236 | €24,348 | +€3,112 | +14.7% |
| Other amounts receivable | 41 | €6,485 | €1,143 | -€5,342 | -82.4% |
| Cash at bank and in hand | 54/58 | €32,768 | €61,382 | +€28,614 | +87.3% |
| Deferred charges and accrued income | 490/1 | €2,550 | €2,728 | +€178 | +7.0% |
| Total equity and liabilities | 10/49 | €115,311 | €127,814 | +€12,503 | +10.8% |
| Equity | 10/15 | €25,000 | €25,000 | = | 0.0% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €90,311 | €102,814 | +€12,503 | +13.8% |
| Amounts payable after more than one year | 17 | €25,860 | €16,510 | -€9,350 | -36.2% |
| Financial debts | 170/4 | €25,860 | €16,510 | -€9,350 | -36.2% |
| Amounts payable within one year | 42/48 | €63,630 | €84,698 | +€21,068 | +33.1% |
| Current portion of amounts payable after more than one year | 42 | €8,955 | €9,350 | +€395 | +4.4% |
| Trade debts | 44 | €1,432 | €1,228 | -€205 | -14.3% |
| Suppliers | 440/4 | €1,432 | €1,228 | -€205 | -14.3% |
| Taxes, remuneration and social security | 45 | €8,116 | €9,272 | +€1,156 | +14.2% |
| Taxes | 450/3 | €8,116 | €9,272 | +€1,156 | +14.2% |
| Other amounts payable | 47/48 | €45,127 | €64,849 | +€19,722 | +43.7% |
| Accrued charges and deferred income | 492/3 | €821 | €1,606 | +€785 | +95.6% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,219 | €14,060 | -€1,159 | -7.6% |
| Other operating charges | 640/8 | €3,044 | €2,166 | -€878 | -28.8% |
| Gross operating margin | 9900 | €52,972 | €58,699 | +€5,727 | +10.8% |
| Operating profit (loss) | 9901 | €34,709 | €42,473 | +€7,764 | +22.4% |
| Financial charges | 65/66B | €3,061 | €3,505 | +€444 | +14.5% |
| Recurring financial charges | 65 | €3,061 | €3,505 | +€444 | +14.5% |
| Profit (loss) for the period before taxes | 9903 | €31,648 | €38,968 | +€7,320 | +23.1% |
| Income taxes | 67/77 | €6,857 | €8,275 | +€1,418 | +20.7% |
| Profit (loss) for the period | 9904 | €24,791 | €30,693 | +€5,902 | +23.8% |
| Profit (loss) for the period to be appropriated | 9905 | €24,791 | €30,693 | +€5,902 | +23.8% |
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 5 October 2026 via checked.be.