ELIZE MANAGEMENT: 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.
ELIZE MANAGEMENT
Largest movements
- Receivables within one year -€9,668
down €9,668 (-72.6%), from €13,313 to €3,645
of which Trade receivables: -€7,614
- Other debts +€30,591
up €30,591 (+62.3%), from €49,067 to €79,658
- Debts after one year -€23,186
down €23,186 (-24.8%), from €93,381 to €70,195
- Tax, wage and social debts -€15,834
down €15,834 (-73.3%), from €21,613 to €5,780
- Profit (loss) carried forward -€9,700
down €9,700 (-12.3%), from -€79,056 to -€88,756
- Trade debts +€5,821
up €5,821 (+119%), from €4,901 to €10,722
- Gross operating margin +€47,546
up €47,546 (+93.2%), from -€50,995 to -€3,449
- Financial income -€13,669
down €13,669 (-100%), from €13,669 to €0
- Financial charges +€2,472
up €2,472 (+111%), from €2,220 to €4,692
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 | €219,522 | €209,401 | -€10,121 | -4.6% |
| Fixed assets | 21/28 | €204,381 | €203,477 | -€904 | -0.4% |
| Tangible fixed assets | 22/27 | €4,381 | €3,477 | -€904 | -20.6% |
| Furniture and vehicles | 24 | €3,389 | €2,644 | -€745 | -22.0% |
| Other tangible fixed assets | 26 | €992 | €833 | -€159 | -16.0% |
| Financial fixed assets | 28 | €200,000 | €200,000 | = | 0.0% |
| Current assets | 29/58 | €15,141 | €5,924 | -€9,217 | -60.9% |
| Amounts receivable within one year | 40/41 | €13,313 | €3,645 | -€9,668 | -72.6% |
| Trade receivables | 40 | €11,258 | €3,645 | -€7,614 | -67.6% |
| Other amounts receivable | 41 | €2,055 | €0 | -€2,055 | -100% |
| Cash at bank and in hand | 54/58 | €1,703 | €1,181 | -€522 | -30.7% |
| Deferred charges and accrued income | 490/1 | €125 | €1,099 | +€974 | +778% |
| Total equity and liabilities | 10/49 | €219,522 | €209,401 | -€10,121 | -4.6% |
| Equity | 10/15 | €27,240 | €17,540 | -€9,700 | -35.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €100,096 | €100,096 | = | 0.0% |
| Distributable reserves | 133 | €100,096 | €100,096 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€79,056 | -€88,756 | -€9,700 | -12.3% |
| Amounts payable | 17/49 | €192,282 | €191,862 | -€421 | -0.2% |
| Amounts payable after more than one year | 17 | €93,381 | €70,195 | -€23,186 | -24.8% |
| Financial debts | 170/4 | €93,381 | €70,195 | -€23,186 | -24.8% |
| Amounts payable within one year | 42/48 | €98,152 | €119,347 | +€21,194 | +21.6% |
| Current portion of amounts payable after more than one year | 42 | €22,571 | €23,186 | +€615 | +2.7% |
| Trade debts | 44 | €4,901 | €10,722 | +€5,821 | +119% |
| Suppliers | 440/4 | €4,901 | €10,722 | +€5,821 | +119% |
| Taxes, remuneration and social security | 45 | €21,613 | €5,780 | -€15,834 | -73.3% |
| Taxes | 450/3 | €21,613 | €5,780 | -€15,834 | -73.3% |
| Other amounts payable | 47/48 | €49,067 | €79,658 | +€30,591 | +62.3% |
| Accrued charges and deferred income | 492/3 | €748 | €2,320 | +€1,572 | +210% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €495 | €904 | +€409 | +82.7% |
| Other operating charges | 640/8 | €607 | €452 | -€155 | -25.5% |
| Non-recurring operating charges | 66A | €42,400 | €0 | -€42,400 | -100% |
| Gross operating margin | 9900 | -€50,995 | -€3,449 | +€47,546 | +93.2% |
| Operating profit (loss) | 9901 | -€94,497 | -€4,805 | +€89,692 | +94.9% |
| Financial income | 75/76B | €13,669 | €0 | -€13,669 | -100% |
| Recurring financial income | 75 | €13,669 | €0 | -€13,669 | -100% |
| Financial charges | 65/66B | €2,220 | €4,692 | +€2,472 | +111% |
| Recurring financial charges | 65 | €2,220 | €4,692 | +€2,472 | +111% |
| Profit (loss) for the period before taxes | 9903 | -€83,049 | -€9,497 | +€73,551 | +88.6% |
| Income taxes | 67/77 | €211 | €203 | -€8 | -3.9% |
| Profit (loss) for the period | 9904 | -€83,260 | -€9,700 | +€73,560 | +88.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€83,260 | -€9,700 | +€73,560 | +88.3% |
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 14 October 2026 via checked.be.