ELIX: 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.
ELIX
Largest movements
- Receivables within one year -€193,420
down €193,420 (-94.8%), from €204,103 to €10,683
- Cash +€191,486
up €191,486 (+333%), from €57,484 to €248,970
mainly Receivables within one year (+€193,420) and Net result for the year (+€117,352)
- Tangible fixed assets +€26,824
up €26,824 (+10.6%), from €253,309 to €280,133
of which Land and buildings: +€27,217
- Reserves +€117,352
up €117,352 (+28.4%), from €413,161 to €530,513
- Debts after one year -€65,940
down €65,940 (-20.9%), from €316,159 to €250,219
- Short-term financial debts -€25,133
down €25,133 (-65.2%), from €38,544 to €13,410
- Gross operating margin -€102,351
down €102,351 (-37.2%), from €275,285 to €172,934
- Taxes -€22,921
down €22,921 (-36.3%), from €63,213 to €40,291
- Financial income +€9,765
up €9,765 (+856%), from €1,141 to €10,905
- Financial charges +€2,987
up €2,987 (+26.2%), from €11,387 to €14,375
- Depreciation -€2,897
down €2,897 (-21.3%), from €13,606 to €10,709
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 | €927,090 | €946,308 | +€19,218 | +2.1% |
| Fixed assets | 21/28 | €653,309 | €680,133 | +€26,824 | +4.1% |
| Tangible fixed assets | 22/27 | €253,309 | €280,133 | +€26,824 | +10.6% |
| Land and buildings | 22 | €252,389 | €279,606 | +€27,217 | +10.8% |
| Furniture and vehicles | 24 | €921 | €527 | -€393 | -42.7% |
| Financial fixed assets | 28 | €400,000 | €400,000 | = | 0.0% |
| Current assets | 29/58 | €273,781 | €266,175 | -€7,606 | -2.8% |
| Amounts receivable within one year | 40/41 | €204,103 | €10,683 | -€193,420 | -94.8% |
| Other amounts receivable | 41 | €204,103 | €10,683 | -€193,420 | -94.8% |
| Cash at bank and in hand | 54/58 | €57,484 | €248,970 | +€191,486 | +333% |
| Deferred charges and accrued income | 490/1 | €12,194 | €6,522 | -€5,672 | -46.5% |
| Total equity and liabilities | 10/49 | €927,090 | €946,308 | +€19,218 | +2.1% |
| Equity | 10/15 | €416,161 | €533,513 | +€117,352 | +28.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €413,161 | €530,513 | +€117,352 | +28.4% |
| Distributable reserves | 133 | €413,161 | €530,513 | +€117,352 | +28.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €510,929 | €412,795 | -€98,134 | -19.2% |
| Amounts payable after more than one year | 17 | €316,159 | €250,219 | -€65,940 | -20.9% |
| Financial debts | 170/4 | €316,159 | €250,219 | -€65,940 | -20.9% |
| Amounts payable within one year | 42/48 | €194,769 | €162,576 | -€32,194 | -16.5% |
| Current portion of amounts payable after more than one year | 42 | €64,782 | €65,940 | +€1,158 | +1.8% |
| Financial debts | 43 | €38,544 | €13,410 | -€25,133 | -65.2% |
| Credit institutions | 430/8 | €38,544 | €13,410 | -€25,133 | -65.2% |
| Trade debts | 44 | €4,342 | €1,052 | -€3,291 | -75.8% |
| Suppliers | 440/4 | €4,342 | €1,052 | -€3,291 | -75.8% |
| Taxes, remuneration and social security | 45 | €12,520 | €14,325 | +€1,805 | +14.4% |
| Taxes | 450/3 | €12,520 | €14,325 | +€1,805 | +14.4% |
| Other amounts payable | 47/48 | €74,581 | €67,849 | -€6,733 | -9.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,606 | €10,709 | -€2,897 | -21.3% |
| Other operating charges | 640/8 | €2,534 | €1,113 | -€1,421 | -56.1% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €275,285 | €172,934 | -€102,351 | -37.2% |
| Operating profit (loss) | 9901 | €259,145 | €161,112 | -€98,033 | -37.8% |
| Financial income | 75/76B | €1,141 | €10,905 | +€9,765 | +856% |
| Recurring financial income | 75 | €1,141 | €10,905 | +€9,765 | +856% |
| Financial charges | 65/66B | €11,387 | €14,375 | +€2,987 | +26.2% |
| Recurring financial charges | 65 | €11,387 | €14,375 | +€2,987 | +26.2% |
| Profit (loss) for the period before taxes | 9903 | €248,899 | €157,643 | -€91,256 | -36.7% |
| Income taxes | 67/77 | €63,213 | €40,291 | -€22,921 | -36.3% |
| Profit (loss) for the period | 9904 | €185,686 | €117,352 | -€68,334 | -36.8% |
| Profit (loss) for the period to be appropriated | 9905 | €185,686 | €117,352 | -€68,334 | -36.8% |
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 18 October 2026 via checked.be.