ELIZI: 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.
ELIZI
Largest movements
- Tangible fixed assets +€41,156
up €41,156 (+2,329%), from €1,767 to €42,923
of which Furniture and vehicles: +€41,578
- Receivables within one year -€21,972
down €21,972 (-66.1%), from €33,247 to €11,275
of which Trade receivables: -€20,020
- Cash +€20,227
up €20,227 (+1,411%), from €1,434 to €21,660
mainly Debts after one year (+€27,602) and Receivables within one year (+€21,972)
- Debts after one year +€27,602
new in 2025: €27,602
- Current portion of long-term debt +€5,981
new in 2025: €5,981
- Tax, wage and social debts +€4,344
up €4,344 (+120%), from €3,612 to €7,957
of which Remuneration and social security: +€2,300
- Other operating charges -€3,441
down €3,441 (-69.9%), from €4,922 to €1,482
- Depreciation +€2,911
up €2,911 (+312%), from €933 to €3,844
- Financial charges +€1,499
up €1,499 (+74.0%), from €2,024 to €3,524
- Gross operating margin -€1,096
down €1,096 (-9.6%), from €11,382 to €10,287
- Taxes -€526
down €526 (-35.4%), from €1,485 to €959
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 | €37,963 | €76,881 | +€38,917 | +103% |
| Fixed assets | 21/28 | €1,905 | €43,061 | +€41,156 | +2,160% |
| Tangible fixed assets | 22/27 | €1,767 | €42,923 | +€41,156 | +2,329% |
| Plant, machinery and equipment | 23 | €422 | - | -€422 | |
| Furniture and vehicles | 24 | €1,345 | €42,923 | +€41,578 | +3,091% |
| Financial fixed assets | 28 | €138 | €138 | = | 0.0% |
| Current assets | 29/58 | €36,058 | €33,820 | -€2,238 | -6.2% |
| Amounts receivable within one year | 40/41 | €33,247 | €11,275 | -€21,972 | -66.1% |
| Trade receivables | 40 | €20,020 | - | -€20,020 | |
| Other amounts receivable | 41 | €13,227 | €11,275 | -€1,952 | -14.8% |
| Cash at bank and in hand | 54/58 | €1,434 | €21,660 | +€20,227 | +1,411% |
| Deferred charges and accrued income | 490/1 | €1,377 | €884 | -€493 | -35.8% |
| Total equity and liabilities | 10/49 | €37,963 | €76,881 | +€38,917 | +103% |
| Equity | 10/15 | €27,270 | €27,748 | +€478 | +1.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €22,270 | €22,748 | +€478 | +2.1% |
| Amounts payable | 17/49 | €10,693 | €49,132 | +€38,439 | +359% |
| Amounts payable after more than one year | 17 | - | €27,602 | +€27,602 | |
| Financial debts | 170/4 | - | €27,602 | +€27,602 | |
| Amounts payable within one year | 42/48 | €10,693 | €21,530 | +€10,837 | +101% |
| Current portion of amounts payable after more than one year | 42 | - | €5,981 | +€5,981 | |
| Trade debts | 44 | €7,081 | €7,592 | +€512 | +7.2% |
| Suppliers | 440/4 | €7,081 | €7,592 | +€512 | +7.2% |
| Taxes, remuneration and social security | 45 | €3,612 | €7,957 | +€4,344 | +120% |
| Taxes | 450/3 | €3,612 | €5,657 | +€2,044 | +56.6% |
| Remuneration and social security | 454/9 | - | €2,300 | +€2,300 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €933 | €3,844 | +€2,911 | +312% |
| Other operating charges | 640/8 | €4,922 | €1,482 | -€3,441 | -69.9% |
| Gross operating margin | 9900 | €11,382 | €10,287 | -€1,096 | -9.6% |
| Operating profit (loss) | 9901 | €5,527 | €4,961 | -€566 | -10.2% |
| Financial charges | 65/66B | €2,024 | €3,524 | +€1,499 | +74.0% |
| Recurring financial charges | 65 | €2,024 | €3,524 | +€1,499 | +74.0% |
| Profit (loss) for the period before taxes | 9903 | €3,503 | €1,437 | -€2,065 | -59.0% |
| Income taxes | 67/77 | €1,485 | €959 | -€526 | -35.4% |
| Profit (loss) for the period | 9904 | €2,017 | €478 | -€1,539 | -76.3% |
| Profit (loss) for the period to be appropriated | 9905 | €2,017 | €478 | -€1,539 | -76.3% |
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 17 October 2026 via checked.be.