ELITIMA: 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.
ELITIMA
Largest movements
- Tangible fixed assets -€36,761
down €36,761 (-6.5%), from €567,570 to €530,809
of which Land and buildings: -€34,482
- Receivables within one year -€20,605
down €20,605 (-13.4%), from €153,771 to €133,166
of which Trade receivables: -€19,369
- Current portion of long-term debt -€29,140
down €29,140 (-76.3%), from €38,188 to €9,048
- Other debts -€16,299
down €16,299 (-5.9%), from €275,232 to €258,933
- Debts after one year -€9,047
down €9,047 (-9.5%), from €95,454 to €86,407
- Tax, wage and social debts -€8,890
down €8,890 (-29.7%), from €29,969 to €21,079
of which Remuneration and social security: -€9,266
- Gross operating margin -€4,560
down €4,560 (-4.0%), from €115,388 to €110,828
- Taxes -€2,091
no longer reported in 2025 (was €2,091)
- Other operating charges +€1,693
up €1,693 (+15.0%), from €11,295 to €12,988
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.
Derived cash bridge
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 | €775,403 | €711,880 | -€63,523 | -8.2% |
| Fixed assets | 21/28 | €567,570 | €530,809 | -€36,761 | -6.5% |
| Tangible fixed assets | 22/27 | €567,570 | €530,809 | -€36,761 | -6.5% |
| Land and buildings | 22 | €561,697 | €527,215 | -€34,482 | -6.1% |
| Plant, machinery and equipment | 23 | €2,489 | €1,482 | -€1,007 | -40.5% |
| Furniture and vehicles | 24 | €3,132 | €2,112 | -€1,020 | -32.6% |
| Other tangible fixed assets | 26 | €252 | - | -€252 | |
| Current assets | 29/58 | €207,833 | €181,071 | -€26,762 | -12.9% |
| Amounts receivable within one year | 40/41 | €153,771 | €133,166 | -€20,605 | -13.4% |
| Trade receivables | 40 | €141,930 | €122,561 | -€19,369 | -13.6% |
| Other amounts receivable | 41 | €11,841 | €10,605 | -€1,236 | -10.4% |
| Cash at bank and in hand | 54/58 | €48,170 | €42,457 | -€5,713 | -11.9% |
| Deferred charges and accrued income | 490/1 | €5,892 | €5,448 | -€444 | -7.5% |
| Total equity and liabilities | 10/49 | €775,403 | €711,880 | -€63,523 | -8.2% |
| Equity | 10/15 | €327,269 | €328,917 | +€1,648 | +0.5% |
| Contributions | 10/11 | €80,600 | €80,600 | = | 0.0% |
| Reserves | 13 | €123,062 | €123,062 | = | 0.0% |
| Tax-exempt reserves | 132 | €22,024 | €22,024 | = | 0.0% |
| Distributable reserves | 133 | €101,038 | €101,038 | = | 0.0% |
| Profit (loss) carried forward | 14 | €123,607 | €125,255 | +€1,648 | +1.3% |
| Amounts payable | 17/49 | €448,134 | €382,963 | -€65,171 | -14.5% |
| Amounts payable after more than one year | 17 | €95,454 | €86,407 | -€9,047 | -9.5% |
| Financial debts | 170/4 | €95,454 | €86,407 | -€9,047 | -9.5% |
| Amounts payable within one year | 42/48 | €352,680 | €296,556 | -€56,124 | -15.9% |
| Current portion of amounts payable after more than one year | 42 | €38,188 | €9,048 | -€29,140 | -76.3% |
| Trade debts | 44 | €9,291 | €7,496 | -€1,795 | -19.3% |
| Suppliers | 440/4 | €9,291 | €7,496 | -€1,795 | -19.3% |
| Taxes, remuneration and social security | 45 | €29,969 | €21,079 | -€8,890 | -29.7% |
| Taxes | 450/3 | €11,903 | €12,279 | +€376 | +3.2% |
| Remuneration and social security | 454/9 | €18,066 | €8,800 | -€9,266 | -51.3% |
| Other amounts payable | 47/48 | €275,232 | €258,933 | -€16,299 | -5.9% |
| Remuneration, social security and pensions | 62 | €56,461 | €57,584 | +€1,123 | +2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,985 | €36,761 | -€224 | -0.6% |
| Other operating charges | 640/8 | €11,295 | €12,988 | +€1,693 | +15.0% |
| Gross operating margin | 9900 | €115,388 | €110,828 | -€4,560 | -4.0% |
| Operating profit (loss) | 9901 | €10,647 | €3,495 | -€7,152 | -67.2% |
| Financial income | 75/76B | €22 | €180 | +€158 | +718% |
| Recurring financial income | 75 | €22 | €180 | +€158 | +718% |
| Financial charges | 65/66B | €2,075 | €2,027 | -€48 | -2.3% |
| Recurring financial charges | 65 | €2,075 | €2,027 | -€48 | -2.3% |
| Profit (loss) for the period before taxes | 9903 | €8,594 | €1,648 | -€6,946 | -80.8% |
| Income taxes | 67/77 | €2,091 | - | -€2,091 | |
| Profit (loss) for the period | 9904 | €6,503 | €1,648 | -€4,855 | -74.7% |
| Profit (loss) for the period to be appropriated | 9905 | €6,503 | €1,648 | -€4,855 | -74.7% |
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 16 October 2026 via checked.be.