ELITIS VDB: 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.
ELITIS VDB
Largest movements
- Receivables within one year +€40,640
up €40,640 (+67.2%), from €60,451 to €101,091
of which Trade receivables: +€40,264
- Cash -€16,631
down €16,631 (-92.3%), from €18,009 to €1,378
mainly Receivables within one year (-€40,640) and Tax, wage and social debts (-€2,101)
- Reserves +€24,915
up €24,915 (+35.4%), from €70,344 to €95,259
- Tax, wage and social debts -€2,101
down €2,101 (-76.2%), from €2,756 to €656
- Gross operating margin +€14,458
up €14,458 (+112.5%), from €12,847 to €27,305
- Depreciation -€1,143
down €1,143 (-50.2%), from €2,279 to €1,136
- Taxes -€817
no longer reported in 2025 (was €817)
- Other operating charges -€602
down €602 (-60.1%), from €1,002 to €400
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 | €91,876 | €115,748 | +€23,873 | +26.0% |
| Fixed assets | 21/28 | €13,415 | €13,279 | -€136 | -1.0% |
| Tangible fixed assets | 22/27 | €13,415 | €13,279 | -€136 | -1.0% |
| Land and buildings | 22 | €10,450 | €10,450 | = | 0.0% |
| Furniture and vehicles | 24 | €814 | €991 | +€177 | +21.7% |
| Other tangible fixed assets | 26 | €2,151 | €1,838 | -€313 | -14.5% |
| Current assets | 29/58 | €78,460 | €102,469 | +€24,009 | +30.6% |
| Amounts receivable within one year | 40/41 | €60,451 | €101,091 | +€40,640 | +67.2% |
| Trade receivables | 40 | €24,456 | €64,720 | +€40,264 | +164.6% |
| Other amounts receivable | 41 | €35,995 | €36,371 | +€376 | +1.0% |
| Cash at bank and in hand | 54/58 | €18,009 | €1,378 | -€16,631 | -92.3% |
| Total equity and liabilities | 10/49 | €91,876 | €115,748 | +€23,873 | +26.0% |
| Equity | 10/15 | €88,944 | €113,859 | +€24,915 | +28.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €70,344 | €95,259 | +€24,915 | +35.4% |
| Distributable reserves | 133 | €70,344 | €95,259 | +€24,915 | +35.4% |
| Amounts payable | 17/49 | €2,931 | €1,890 | -€1,042 | -35.5% |
| Amounts payable within one year | 42/48 | €2,931 | €1,890 | -€1,042 | -35.5% |
| Trade debts | 44 | €175 | €1,234 | +€1,059 | +604.9% |
| Suppliers | 440/4 | €175 | €1,234 | +€1,059 | +604.9% |
| Taxes, remuneration and social security | 45 | €2,756 | €656 | -€2,101 | -76.2% |
| Taxes | 450/3 | €2,756 | €656 | -€2,101 | -76.2% |
| Non-recurring operating income | 76A | €12,000 | - | -€12,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,279 | €1,136 | -€1,143 | -50.2% |
| Other operating charges | 640/8 | €1,002 | €400 | -€602 | -60.1% |
| Gross operating margin | 9900 | €12,847 | €27,305 | +€14,458 | +112.5% |
| Operating profit (loss) | 9901 | €9,566 | €25,769 | +€16,203 | +169.4% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €583 | €855 | +€272 | +46.7% |
| Recurring financial charges | 65 | €583 | €855 | +€272 | +46.7% |
| Profit (loss) for the period before taxes | 9903 | €8,984 | €24,915 | +€15,931 | +177.3% |
| Income taxes | 67/77 | €817 | - | -€817 | |
| Profit (loss) for the period | 9904 | €8,167 | €24,915 | +€16,748 | +205.1% |
| Profit (loss) for the period to be appropriated | 9905 | €8,167 | €24,915 | +€16,748 | +205.1% |
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 1 October 2026 via checked.be.