ELIZAN: 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.
ELIZAN
Largest movements
- Tangible fixed assets -€299,418
down €299,418 (-3.6%), from €8.4m to €8.1m
- Cash +€110,343
up €110,343 (+48.3%), from €228,330 to €338,673
mainly Net result for the year (+€397,430) and Depreciation (+€299,418)
- Debts after one year -€581,590
down €581,590 (-12.8%), from €4.6m to €4.0m
- Profit (loss) carried forward +€397,430
up €397,430 (+20.2%), from €2.0m to €2.4m
- Accrued charges and deferred income +€87,483
up €87,483 (+213%), from €41,072 to €128,555
- Gross operating margin -€77,120
down €77,120 (-6.9%), from €1.1m to €1.0m
- Other operating charges -€61,422
down €61,422 (-40.5%), from €151,518 to €90,096
- Financial charges -€16,445
down €16,445 (-12.0%), from €137,218 to €120,773
- Taxes -€12,706
down €12,706 (-9.2%), from €138,801 to €126,095
- Depreciation -€11,495
down €11,495 (-3.7%), from €310,913 to €299,418
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 | €8,745,543 | €8,564,128 | -€181,415 | -2.1% |
| Fixed assets | 21/28 | €8,412,547 | €8,113,129 | -€299,418 | -3.6% |
| Tangible fixed assets | 22/27 | €8,411,997 | €8,112,579 | -€299,418 | -3.6% |
| Land and buildings | 22 | €8,411,997 | €8,112,579 | -€299,418 | -3.6% |
| Financial fixed assets | 28 | €550 | €550 | = | 0.0% |
| Current assets | 29/58 | €332,996 | €450,999 | +€118,003 | +35.4% |
| Amounts receivable within one year | 40/41 | €104,666 | €112,326 | +€7,660 | +7.3% |
| Trade receivables | 40 | €1,980 | €2,326 | +€346 | +17.5% |
| Other amounts receivable | 41 | €102,686 | €110,000 | +€7,314 | +7.1% |
| Cash at bank and in hand | 54/58 | €228,330 | €338,673 | +€110,343 | +48.3% |
| Total equity and liabilities | 10/49 | €8,745,543 | €8,564,128 | -€181,415 | -2.1% |
| Equity | 10/15 | €2,112,955 | €2,510,385 | +€397,430 | +18.8% |
| Contributions | 10/11 | €130,204 | €130,204 | = | 0.0% |
| Capital | 10 | €130,204 | €130,204 | = | 0.0% |
| Issued capital | 100 | €130,204 | €130,204 | = | 0.0% |
| Reserves | 13 | €13,020 | €13,020 | = | 0.0% |
| Non-distributable reserves | 130/1 | €13,020 | €13,020 | = | 0.0% |
| Legal reserve | 130 | €13,020 | €13,020 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,969,732 | €2,367,161 | +€397,430 | +20.2% |
| Amounts payable | 17/49 | €6,632,588 | €6,053,743 | -€578,845 | -8.7% |
| Amounts payable after more than one year | 17 | €4,553,980 | €3,972,389 | -€581,590 | -12.8% |
| Financial debts | 170/4 | €4,553,980 | €3,972,389 | -€581,590 | -12.8% |
| Amounts payable within one year | 42/48 | €2,037,536 | €1,952,799 | -€84,737 | -4.2% |
| Current portion of amounts payable after more than one year | 42 | €658,502 | €590,173 | -€68,329 | -10.4% |
| Trade debts | 44 | €909 | €5,009 | +€4,099 | +451% |
| Suppliers | 440/4 | €909 | €5,009 | +€4,099 | +451% |
| Taxes, remuneration and social security | 45 | €38,801 | €72,896 | +€34,095 | +87.9% |
| Taxes | 450/3 | €38,801 | €72,896 | +€34,095 | +87.9% |
| Other amounts payable | 47/48 | €1,339,324 | €1,284,721 | -€54,603 | -4.1% |
| Accrued charges and deferred income | 492/3 | €41,072 | €128,555 | +€87,483 | +213% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €310,913 | €299,418 | -€11,495 | -3.7% |
| Other operating charges | 640/8 | €151,518 | €90,096 | -€61,422 | -40.5% |
| Gross operating margin | 9900 | €1,110,922 | €1,033,802 | -€77,120 | -6.9% |
| Operating profit (loss) | 9901 | €648,492 | €644,288 | -€4,203 | -0.6% |
| Financial income | 75/76B | €24 | €10 | -€14 | -59.8% |
| Recurring financial income | 75 | €24 | €10 | -€14 | -59.8% |
| Financial charges | 65/66B | €137,218 | €120,773 | -€16,445 | -12.0% |
| Recurring financial charges | 65 | €137,218 | €120,773 | -€16,445 | -12.0% |
| Profit (loss) for the period before taxes | 9903 | €511,298 | €523,525 | +€12,227 | +2.4% |
| Income taxes | 67/77 | €138,801 | €126,095 | -€12,706 | -9.2% |
| Profit (loss) for the period | 9904 | €372,497 | €397,430 | +€24,933 | +6.7% |
| Profit (loss) for the period to be appropriated | 9905 | €372,497 | €397,430 | +€24,933 | +6.7% |
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 31 October 2026 via checked.be.