ELITIS INSURANCE: 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.
What changed
ELITIS INSURANCE
NACE 66.220, Insurance agents and brokers
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€141,932
2024 · €35,087+€106,845
Equity
€373,012
2024 · €376,903-€3,891
Cash
€4.7m
2024 · €3.8m+€933,082
Balance sheet total
€6.9m
2024 · €6.1m+€826,199
Largest movements
Assets
- Cash +€933,082
up €933,082 (+24.9%), from €3.8m to €4.7m
mainly Trade debts (+€793,871) and Depreciation (+€228,902)
- Intangible fixed assets -€152,459
down €152,459 (-50.5%), from €302,083 to €149,623
- Receivables within one year +€87,697
up €87,697 (+7.1%), from €1.2m to €1.3m
of which Other amounts receivable: +€146,316
Equity and liabilities
- Trade debts +€793,871
up €793,871 (+15.5%), from €5.1m to €5.9m
- Other debts +€141,694
up €141,694 (+74.5%), from €190,293 to €331,987
Income statement
- Purchases and services +€288,792
up €288,792 (+8.7%), from €3.3m to €3.6m
- Turnover +€191,368
up €191,368 (+4.8%), from €4.0m to €4.2m
- Staff costs +€60,899
up €60,899 (+7.3%), from €833,036 to €893,935
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
€35,087
Gross operating margin
+€863
Staff costs
-€60,899
Depreciation
+€22,133
Write-downs
+€40,005
Other operating charges
+€516
Other operating items
+€121,000
Financial income
-€16,607
Financial charges
-€100
Taxes
-€66
Result 2025
€141,932
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€1.1m
Investment
-€24,261
Financing
-€145,823
Cash 2024
€3.8m
From operations (derived)
+€1.1m
Net result for the year
+€141,932
Depreciation
+€228,902
Receivables after one year
-€11,935
Receivables within one year
-€87,697
Deferred charges and accrued income
+€1,875
Trade debts
+€793,871
Tax, wage and social debts
-€46,160
Other debts
+€141,694
Accrued charges and deferred income
-€59,315
Investment (derived)
-€24,261
Investment in fixed assets (net)
-€24,261
Financing
-€145,823
Contributions, distributions and other
-€145,823
Cash 2025
€4.7m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,053,319 | €6,879,518 | +€826,199 | +13.6% |
| Formation expenses | 20 | €87,568 | €62,710 | -€24,859 | -28.4% |
| Fixed assets | 21/28 | €409,153 | €229,371 | -€179,782 | -43.9% |
| Intangible fixed assets | 21 | €302,083 | €149,623 | -€152,459 | -50.5% |
| Tangible fixed assets | 22/27 | €101,170 | €73,847 | -€27,323 | -27.0% |
| Furniture and vehicles | 24 | €22,288 | €7,501 | -€14,788 | -66.3% |
| Other tangible fixed assets | 26 | €78,882 | €66,347 | -€12,535 | -15.9% |
| Financial fixed assets | 28 | €5,900 | €5,900 | = | 0.0% |
| Current assets | 29/58 | €5,556,598 | €6,587,438 | +€1.0m | +18.6% |
| Amounts receivable after more than one year | 29 | €556,973 | €568,908 | +€11,935 | +2.1% |
| Other amounts receivable | 291 | €556,973 | €568,908 | +€11,935 | +2.1% |
| Amounts receivable within one year | 40/41 | €1,227,376 | €1,315,074 | +€87,697 | +7.1% |
| Trade receivables | 40 | €911,544 | €852,926 | -€58,619 | -6.4% |
| Other amounts receivable | 41 | €315,832 | €462,148 | +€146,316 | +46.3% |
| Cash at bank and in hand | 54/58 | €3,753,711 | €4,686,793 | +€933,082 | +24.9% |
| Deferred charges and accrued income | 490/1 | €18,538 | €16,663 | -€1,875 | -10.1% |
| Total equity and liabilities | 10/49 | €6,053,319 | €6,879,518 | +€826,199 | +13.6% |
| Equity | 10/15 | €376,903 | €373,012 | -€3,891 | -1.0% |
| Contributions | 10/11 | €339,102 | €339,102 | = | 0.0% |
| Capital | 10 | €325,692 | €325,692 | = | 0.0% |
| Issued capital | 100 | €325,692 | €325,692 | = | 0.0% |
| Contributions outside capital | 11 | €13,410 | €13,410 | = | 0.0% |
| Share premium | 1100/10 | €13,410 | €13,410 | = | 0.0% |
| Reserves | 13 | €2,714 | €33,910 | +€31,196 | +1,149% |
| Non-distributable reserves | 130/1 | €2,714 | €33,910 | +€31,196 | +1,149% |
| Legal reserve | 130 | €2,714 | €33,910 | +€31,196 | +1,149% |
| Profit (loss) carried forward | 14 | €35,087 | - | -€35,087 | |
| Amounts payable | 17/49 | €5,676,416 | €6,506,506 | +€830,090 | +14.6% |
| Amounts payable within one year | 42/48 | €5,617,101 | €6,506,506 | +€889,405 | +15.8% |
| Trade debts | 44 | €5,107,414 | €5,901,285 | +€793,871 | +15.5% |
| Suppliers | 440/4 | €5,107,414 | €5,901,285 | +€793,871 | +15.5% |
| Taxes, remuneration and social security | 45 | €319,395 | €273,234 | -€46,160 | -14.5% |
| Taxes | 450/3 | €33,087 | €33,561 | +€473 | +1.4% |
| Remuneration and social security | 454/9 | €286,307 | €239,674 | -€46,634 | -16.3% |
| Other amounts payable | 47/48 | €190,293 | €331,987 | +€141,694 | +74.5% |
| Accrued charges and deferred income | 492/3 | €59,315 | €0 | -€59,315 | -100% |
| Turnover | 70 | €4,026,711 | €4,218,078 | +€191,368 | +4.8% |
| Goods, raw materials, services and sundry goods | 60/61 | €3,338,003 | €3,626,796 | +€288,792 | +8.7% |
| Remuneration, social security and pensions | 62 | €833,036 | €893,935 | +€60,899 | +7.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €251,034 | €228,902 | -€22,133 | -8.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €40,005 | - | -€40,005 | |
| Other operating charges | 640/8 | €8,823 | €8,307 | -€516 | -5.8% |
| Non-recurring operating charges | 66A | €121,000 | - | -€121,000 | |
| Gross operating margin | 9900 | €1,219,174 | €1,220,037 | +€863 | +0.1% |
| Operating profit (loss) | 9901 | -€34,724 | €88,894 | +€123,618 | |
| Financial income | 75/76B | €74,010 | €57,403 | -€16,607 | -22.4% |
| Recurring financial income | 75 | €74,010 | €57,403 | -€16,607 | -22.4% |
| Financial charges | 65/66B | €1,360 | €1,461 | +€100 | +7.4% |
| Recurring financial charges | 65 | €1,360 | €1,461 | +€100 | +7.4% |
| Profit (loss) for the period before taxes | 9903 | €37,925 | €144,836 | +€106,911 | +282% |
| Income taxes | 67/77 | €2,839 | €2,904 | +€66 | +2.3% |
| Profit (loss) for the period | 9904 | €35,087 | €141,932 | +€106,845 | +305% |
| Profit (loss) for the period to be appropriated | 9905 | €35,087 | €141,932 | +€106,845 | +305% |
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 31 October 2026 via checked.be.