ELIWAN: 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.
ELIWAN
Largest movements
- Tangible fixed assets +€70,107
up €70,107 (+11.6%), from €605,429 to €675,536
of which Land and buildings: +€106,335
- Cash +€43,610
up €43,610 (+1,105%), from €3,947 to €47,557
mainly Other debts (+€111,225) and Debts after one year (+€94,945)
- Receivables within one year -€39,463
down €39,463 (-46.9%), from €84,161 to €44,698
of which Other amounts receivable: -€75,092
- Deferred charges and accrued income -€16,169
down €16,169 (-64.2%), from €25,200 to €9,031
- Profit (loss) carried forward -€205,866
no longer reported in 2025 (was €205,866)
- Other debts +€111,225
new in 2025: €111,225
- Debts after one year +€94,945
up €94,945 (+73.0%), from €130,075 to €225,021
- Advances received +€30,000
new in 2025: €30,000
- Trade debts +€23,064
up €23,064 (+813%), from €2,836 to €25,900
- Gross operating margin -€205,767
down €205,767 (-86.8%), from €237,114 to €31,347
- Financial charges -€70,273
down €70,273 (-91.7%), from €76,603 to €6,330
- Taxes -€15,709
down €15,709 (-98.8%), from €15,908 to €199
- Other operating charges -€5,421
down €5,421 (-93.3%), from €5,808 to €387
- Depreciation +€2,533
up €2,533 (+5.1%), from €49,539 to €52,072
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 | €718,737 | €776,820 | +€58,084 | +8.1% |
| Fixed assets | 21/28 | €605,429 | €675,536 | +€70,107 | +11.6% |
| Tangible fixed assets | 22/27 | €605,429 | €675,536 | +€70,107 | +11.6% |
| Land and buildings | 22 | €392,082 | €498,418 | +€106,335 | +27.1% |
| Furniture and vehicles | 24 | €213,346 | €177,118 | -€36,228 | -17.0% |
| Current assets | 29/58 | €113,308 | €101,285 | -€12,023 | -10.6% |
| Amounts receivable within one year | 40/41 | €84,161 | €44,698 | -€39,463 | -46.9% |
| Trade receivables | 40 | €9,069 | €44,698 | +€35,628 | +393% |
| Other amounts receivable | 41 | €75,092 | - | -€75,092 | |
| Cash at bank and in hand | 54/58 | €3,947 | €47,557 | +€43,610 | +1,105% |
| Deferred charges and accrued income | 490/1 | €25,200 | €9,031 | -€16,169 | -64.2% |
| Total equity and liabilities | 10/49 | €718,737 | €776,820 | +€58,084 | +8.1% |
| Equity | 10/15 | €550,424 | €344,558 | -€205,866 | -37.4% |
| Contributions | 10/11 | €144,540 | €144,540 | = | 0.0% |
| Revaluation surpluses | 12 | €200,018 | €200,018 | = | 0.0% |
| Profit (loss) carried forward | 14 | €205,866 | - | -€205,866 | |
| Amounts payable | 17/49 | €168,312 | €432,262 | +€263,950 | +157% |
| Amounts payable after more than one year | 17 | €130,075 | €225,021 | +€94,945 | +73.0% |
| Financial debts | 170/4 | €130,075 | €225,021 | +€94,945 | +73.0% |
| Amounts payable within one year | 42/48 | €38,237 | €207,242 | +€169,005 | +442% |
| Current portion of amounts payable after more than one year | 42 | €33,211 | €30,055 | -€3,156 | -9.5% |
| Trade debts | 44 | €2,836 | €25,900 | +€23,064 | +813% |
| Suppliers | 440/4 | €2,836 | €25,900 | +€23,064 | +813% |
| Advances received on contracts in progress | 46 | - | €30,000 | +€30,000 | |
| Taxes, remuneration and social security | 45 | €2,190 | €10,062 | +€7,872 | +359% |
| Taxes | 450/3 | €2,190 | €10,062 | +€7,872 | +359% |
| Other amounts payable | 47/48 | - | €111,225 | +€111,225 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49,539 | €52,072 | +€2,533 | +5.1% |
| Other operating charges | 640/8 | €5,808 | €387 | -€5,421 | -93.3% |
| Gross operating margin | 9900 | €237,114 | €31,347 | -€205,767 | -86.8% |
| Operating profit (loss) | 9901 | €181,767 | -€21,113 | -€202,879 | |
| Financial charges | 65/66B | €76,603 | €6,330 | -€70,273 | -91.7% |
| Recurring financial charges | 65 | €76,603 | €6,330 | -€70,273 | -91.7% |
| Profit (loss) for the period before taxes | 9903 | €105,163 | -€27,442 | -€132,606 | |
| Income taxes | 67/77 | €15,908 | €199 | -€15,709 | -98.8% |
| Profit (loss) for the period | 9904 | €89,255 | -€27,641 | -€116,896 | |
| Profit (loss) for the period to be appropriated | 9905 | €89,255 | -€27,641 | -€116,896 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.