ELIZA ESTATE: 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.
ELIZA ESTATE
Largest movements
- Receivables within one year +€22,412
up €22,412 (+32.3%), from €69,290 to €91,702
of which Other amounts receivable: +€13,810
- Tangible fixed assets -€12,706
down €12,706 (-5.9%), from €213,952 to €201,246
of which Land and buildings: -€12,706
- Cash +€8,855
up €8,855 (+1,771%), from €500 to €9,355
mainly Debts after one year (+€43,025) and Depreciation (+€12,706)
- Debts after one year +€43,025
up €43,025, from €0 to €43,025
- Short-term financial debts -€31,798
down €31,798 (-98.4%), from €32,319 to €521
- Profit (loss) carried forward +€10,018
up €10,018 (+10.6%), from €94,474 to €104,492
- Revaluation surpluses -€9,980
down €9,980 (-6.1%), from €164,486 to €154,506
- Reserves +€9,980
up €9,980 (+10.8%), from €92,478 to €102,458
of which Distributable reserves: +€9,980
- Taxes -€5,865
down €5,865 (-37.4%), from €15,694 to €9,829
- Depreciation -€5,484
down €5,484 (-30.1%), from €18,190 to €12,706
- Gross operating margin -€4,384
down €4,384 (-9.0%), from €48,585 to €44,201
- Other operating charges -€1,626
down €1,626 (-38.7%), from €4,205 to €2,579
- Financial charges +€627
up €627 (+7.4%), from €8,442 to €9,069
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 | €499,060 | €517,802 | +€18,742 | +3.8% |
| Fixed assets | 21/28 | €429,113 | €416,407 | -€12,706 | -3.0% |
| Tangible fixed assets | 22/27 | €213,952 | €201,246 | -€12,706 | -5.9% |
| Land and buildings | 22 | €213,952 | €201,246 | -€12,706 | -5.9% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Financial fixed assets | 28 | €215,162 | €215,162 | = | 0.0% |
| Current assets | 29/58 | €69,947 | €101,395 | +€31,448 | +45.0% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €69,290 | €91,702 | +€22,412 | +32.3% |
| Trade receivables | 40 | €62,958 | €71,560 | +€8,602 | +13.7% |
| Other amounts receivable | 41 | €6,332 | €20,142 | +€13,810 | +218% |
| Cash at bank and in hand | 54/58 | €500 | €9,355 | +€8,855 | +1,771% |
| Deferred charges and accrued income | 490/1 | €157 | €338 | +€181 | +115% |
| Total equity and liabilities | 10/49 | €499,060 | €517,802 | +€18,742 | +3.8% |
| Equity | 10/15 | €370,038 | €380,057 | +€10,018 | +2.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Revaluation surpluses | 12 | €164,486 | €154,506 | -€9,980 | -6.1% |
| Reserves | 13 | €92,478 | €102,458 | +€9,980 | +10.8% |
| 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 | €90,618 | €100,598 | +€9,980 | +11.0% |
| Profit (loss) carried forward | 14 | €94,474 | €104,492 | +€10,018 | +10.6% |
| Amounts payable | 17/49 | €129,022 | €137,746 | +€8,723 | +6.8% |
| Amounts payable after more than one year | 17 | €0 | €43,025 | +€43,025 | |
| Financial debts | 170/4 | €0 | €43,025 | +€43,025 | |
| Amounts payable within one year | 42/48 | €128,492 | €94,190 | -€34,302 | -26.7% |
| Current portion of amounts payable after more than one year | 42 | €11,066 | €19,318 | +€8,252 | +74.6% |
| Financial debts | 43 | €32,319 | €521 | -€31,798 | -98.4% |
| Credit institutions | 430/8 | €32,319 | €521 | -€31,798 | -98.4% |
| Trade debts | 44 | €6,123 | €4,906 | -€1,217 | -19.9% |
| Suppliers | 440/4 | €6,123 | €4,906 | -€1,217 | -19.9% |
| Taxes, remuneration and social security | 45 | €27,984 | €23,446 | -€4,538 | -16.2% |
| Taxes | 450/3 | €27,984 | €23,446 | -€4,538 | -16.2% |
| Other amounts payable | 47/48 | €51,000 | €46,000 | -€5,000 | -9.8% |
| Accrued charges and deferred income | 492/3 | €530 | €530 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,190 | €12,706 | -€5,484 | -30.1% |
| Other operating charges | 640/8 | €4,205 | €2,579 | -€1,626 | -38.7% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €48,585 | €44,201 | -€4,384 | -9.0% |
| Operating profit (loss) | 9901 | €26,190 | €28,916 | +€2,726 | +10.4% |
| Financial income | 75/76B | €289 | €0 | -€289 | -100% |
| Recurring financial income | 75 | €289 | €0 | -€289 | -100% |
| Financial charges | 65/66B | €8,442 | €9,069 | +€627 | +7.4% |
| Recurring financial charges | 65 | €8,442 | €9,069 | +€627 | +7.4% |
| Profit (loss) for the period before taxes | 9903 | €18,038 | €19,847 | +€1,809 | +10.0% |
| Income taxes | 67/77 | €15,694 | €9,829 | -€5,865 | -37.4% |
| Profit (loss) for the period | 9904 | €2,344 | €10,018 | +€7,674 | +327% |
| Profit (loss) for the period to be appropriated | 9905 | €2,344 | €10,018 | +€7,674 | +327% |
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 28 October 2026 via checked.be.