ELIVER: 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.
ELIVER
Largest movements
- Tangible fixed assets -€33,508
down €33,508 (-12.0%), from €279,128 to €245,620
of which Land and buildings: -€29,020
- Cash -€21,792
down €21,792 (-40.5%), from €53,866 to €32,074
mainly Contributions, distributions and other (-€74,129) and Deferred charges and accrued income (-€9,389)
- Receivables within one year -€13,219
no longer reported in 2025 (was €13,219)
of which Trade receivables: -€12,641
- Deferred charges and accrued income +€9,389
up €9,389 (+464%), from €2,022 to €11,411
- Reserves -€49,701
down €49,701 (-18.1%), from €274,847 to €225,147
of which Distributable reserves: -€49,701
- Current portion of long-term debt -€8,947
no longer reported in 2025 (was €8,947)
- Taxes +€11,237
up €11,237 (+328%), from €3,422 to €14,660
- Depreciation -€10,941
down €10,941 (-23.7%), from €46,153 to €35,211
- Staff costs +€2,913
up €2,913 (+6.2%), from €47,026 to €49,940
From the 31-12-2024 result to the 31-12-2025 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 31-12-2024 and 31-12-2025 balance sheets and the 31-12-2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 31-12-2024 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €349,351 | €290,221 | -€59,130 | -16.9% |
| Fixed assets | 21/28 | €280,244 | €246,736 | -€33,508 | -12.0% |
| Tangible fixed assets | 22/27 | €279,128 | €245,620 | -€33,508 | -12.0% |
| Land and buildings | 22 | €268,713 | €239,693 | -€29,020 | -10.8% |
| Plant, machinery and equipment | 23 | €3,515 | €4,209 | +€693 | +19.7% |
| Furniture and vehicles | 24 | €6,900 | €1,718 | -€5,182 | -75.1% |
| Financial fixed assets | 28 | €1,116 | €1,116 | = | 0.0% |
| Current assets | 29/58 | €69,107 | €43,485 | -€25,622 | -37.1% |
| Amounts receivable within one year | 40/41 | €13,219 | - | -€13,219 | |
| Trade receivables | 40 | €12,641 | - | -€12,641 | |
| Other amounts receivable | 41 | €578 | - | -€578 | |
| Cash at bank and in hand | 54/58 | €53,866 | €32,074 | -€21,792 | -40.5% |
| Deferred charges and accrued income | 490/1 | €2,022 | €11,411 | +€9,389 | +464% |
| Total equity and liabilities | 10/49 | €349,351 | €290,221 | -€59,130 | -16.9% |
| Equity | 10/15 | €293,680 | €243,980 | -€49,701 | -16.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €274,847 | €225,147 | -€49,701 | -18.1% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €272,987 | €223,287 | -€49,701 | -18.2% |
| Profit (loss) carried forward | 14 | €233 | €233 | = | 0.0% |
| Amounts payable | 17/49 | €55,671 | €46,242 | -€9,429 | -16.9% |
| Amounts payable within one year | 42/48 | €55,171 | €43,894 | -€11,277 | -20.4% |
| Current portion of amounts payable after more than one year | 42 | €8,947 | - | -€8,947 | |
| Trade debts | 44 | €4,590 | €3,104 | -€1,487 | -32.4% |
| Suppliers | 440/4 | €4,590 | €3,104 | -€1,487 | -32.4% |
| Taxes, remuneration and social security | 45 | €15,372 | €13,850 | -€1,522 | -9.9% |
| Taxes | 450/3 | €6,967 | €5,383 | -€1,585 | -22.7% |
| Remuneration and social security | 454/9 | €8,405 | €8,468 | +€63 | +0.8% |
| Other amounts payable | 47/48 | €26,261 | €26,940 | +€679 | +2.6% |
| Accrued charges and deferred income | 492/3 | €501 | €2,348 | +€1,848 | +369% |
| Remuneration, social security and pensions | 62 | €47,026 | €49,940 | +€2,913 | +6.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,153 | €35,211 | -€10,941 | -23.7% |
| Other operating charges | 640/8 | €6,868 | €7,147 | +€278 | +4.1% |
| Gross operating margin | 9900 | €133,233 | €133,465 | +€232 | +0.2% |
| Operating profit (loss) | 9901 | €33,186 | €41,168 | +€7,982 | +24.1% |
| Financial income | 75/76B | €25 | €148 | +€123 | +498% |
| Recurring financial income | 75 | €25 | €148 | +€123 | +498% |
| Financial charges | 65/66B | €973 | €2,227 | +€1,254 | +129% |
| Recurring financial charges | 65 | €973 | €2,227 | +€1,254 | +129% |
| Profit (loss) for the period before taxes | 9903 | €32,237 | €39,088 | +€6,851 | +21.3% |
| Income taxes | 67/77 | €3,422 | €14,660 | +€11,237 | +328% |
| Profit (loss) for the period | 9904 | €28,815 | €24,429 | -€4,386 | -15.2% |
| Profit (loss) for the period to be appropriated | 9905 | €28,815 | €24,429 | -€4,386 | -15.2% |
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.