ELIX: 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.
ELIX
Largest movements
- Tangible fixed assets -€19,527
down €19,527 (-8.1%), from €240,609 to €221,082
of which Land and buildings: -€16,019
- Cash -€4,954
down €4,954 (-98.3%), from €5,038 to €84
mainly Net result for the year (-€40,926) and Debts after one year (-€5,726)
- Profit (loss) carried forward -€40,926
down €40,926 (-21.0%), from -€194,555 to -€235,481
- Other debts +€25,311
up €25,311 (+238.0%), from €10,635 to €35,945
- Revaluation surpluses -€7,576
down €7,576 (-4.0%), from €189,394 to €181,818
- Reserves +€7,576
up €7,576 (+10.9%), from €69,316 to €76,892
of which Distributable reserves: +€7,576
- Debts after one year -€5,726
down €5,726 (-28.4%), from €20,154 to €14,428
- Gross operating margin -€20,408
down €20,408, from €3,752 to -€16,655
- Depreciation -€528
down €528 (-2.6%), from €20,055 to €19,527
- Financial income -€334
down €334 (-74.7%), from €447 to €113
- Financial charges -€167
down €167 (-9.9%), from €1,683 to €1,517
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 | €251,725 | €226,835 | -€24,891 | -9.9% |
| Fixed assets | 21/28 | €240,609 | €221,082 | -€19,527 | -8.1% |
| Tangible fixed assets | 22/27 | €240,609 | €221,082 | -€19,527 | -8.1% |
| Land and buildings | 22 | €233,677 | €217,658 | -€16,019 | -6.9% |
| Plant, machinery and equipment | 23 | €4,934 | €3,424 | -€1,510 | -30.6% |
| Furniture and vehicles | 24 | €1,998 | - | -€1,998 | |
| Current assets | 29/58 | €11,116 | €5,753 | -€5,364 | -48.2% |
| Stocks and contracts in progress | 3 | €3,341 | €2,845 | -€496 | -14.8% |
| Stocks | 30/36 | €3,341 | €2,845 | -€496 | -14.8% |
| Amounts receivable within one year | 40/41 | €2,581 | €2,565 | -€15 | -0.6% |
| Trade receivables | 40 | €2,581 | - | -€2,581 | |
| Other amounts receivable | 41 | - | €2,565 | +€2,565 | |
| Cash at bank and in hand | 54/58 | €5,038 | €84 | -€4,954 | -98.3% |
| Deferred charges and accrued income | 490/1 | €157 | €258 | +€101 | +64.6% |
| Total equity and liabilities | 10/49 | €251,725 | €226,835 | -€24,891 | -9.9% |
| Equity | 10/15 | €214,155 | €173,229 | -€40,926 | -19.1% |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Outside capital | 11 | €150,000 | €150,000 | = | 0.0% |
| Other | 1109/19 | €150,000 | €150,000 | = | 0.0% |
| Revaluation surpluses | 12 | €189,394 | €181,818 | -€7,576 | -4.0% |
| Reserves | 13 | €69,316 | €76,892 | +€7,576 | +10.9% |
| Non-distributable reserves | 130/1 | €404 | €404 | = | 0.0% |
| Reserves not available under the articles | 1311 | €404 | €404 | = | 0.0% |
| Distributable reserves | 133 | €68,912 | €76,488 | +€7,576 | +11.0% |
| Profit (loss) carried forward | 14 | -€194,555 | -€235,481 | -€40,926 | -21.0% |
| Amounts payable | 17/49 | €37,570 | €53,606 | +€16,036 | +42.7% |
| Amounts payable after more than one year | 17 | €20,154 | €14,428 | -€5,726 | -28.4% |
| Financial debts | 170/4 | €20,154 | €14,428 | -€5,726 | -28.4% |
| Amounts payable within one year | 42/48 | €17,416 | €39,178 | +€21,761 | +124.9% |
| Current portion of amounts payable after more than one year | 42 | €500 | - | -€500 | |
| Financial debts | 43 | €2,641 | - | -€2,641 | |
| Credit institutions | 430/8 | €2,641 | - | -€2,641 | |
| Trade debts | 44 | €2,859 | €2,951 | +€92 | +3.2% |
| Suppliers | 440/4 | €2,859 | €2,951 | +€92 | +3.2% |
| Taxes, remuneration and social security | 45 | €781 | €281 | -€500 | -64.0% |
| Taxes | 450/3 | €781 | €281 | -€500 | -64.0% |
| Other amounts payable | 47/48 | €10,635 | €35,945 | +€25,311 | +238.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,055 | €19,527 | -€528 | -2.6% |
| Other operating charges | 640/8 | €3,207 | €3,199 | -€8 | -0.2% |
| Gross operating margin | 9900 | €3,752 | -€16,655 | -€20,408 | |
| Operating profit (loss) | 9901 | -€19,510 | -€39,381 | -€19,871 | -101.9% |
| Financial income | 75/76B | €447 | €113 | -€334 | -74.7% |
| Recurring financial income | 75 | €447 | €113 | -€334 | -74.7% |
| Financial charges | 65/66B | €1,683 | €1,517 | -€167 | -9.9% |
| Recurring financial charges | 65 | €1,683 | €1,517 | -€167 | -9.9% |
| Profit (loss) for the period before taxes | 9903 | -€20,747 | -€40,785 | -€20,039 | -96.6% |
| Income taxes | 67/77 | €140 | €141 | +€1 | +0.7% |
| Profit (loss) for the period | 9904 | -€20,887 | -€40,926 | -€20,040 | -95.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€20,887 | -€40,926 | -€20,040 | -95.9% |
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 2 October 2026 via checked.be.