ELIZIUM: 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.
ELIZIUM
Largest movements
- Cash +€21,697
up €21,697 (+120%), from €18,061 to €39,758
mainly Net result for the year (+€30,286) and Trade debts (+€12,465)
- Tangible fixed assets +€5,365
up €5,365 (+119%), from €4,518 to €9,883
- Receivables within one year +€5,276
up €5,276 (+51.7%), from €10,200 to €15,476
of which Other amounts receivable: +€4,076
- Current investments +€5,142
up €5,142 (+4.5%), from €115,000 to €120,142
- Reserves +€30,286
up €30,286 (+26.5%), from €114,164 to €144,450
- Trade debts +€12,465
up €12,465 (+5,217%), from €239 to €12,704
- Other debts -€4,014
down €4,014 (-61.3%), from €6,551 to €2,537
- Gross operating margin -€25,169
down €25,169 (-36.4%), from €69,135 to €43,966
- Taxes -€7,277
down €7,277 (-39.0%), from €18,658 to €11,381
- Depreciation +€1,853
up €1,853 (+14,928%), from €12 to €1,865
- Other operating charges +€985
up €985 (+120%), from €820 to €1,805
- Financial income +€983
up €983 (+182%), from €540 to €1,523
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 | €150,646 | €187,987 | +€37,341 | +24.8% |
| Fixed assets | 21/28 | €4,518 | €9,883 | +€5,365 | +119% |
| Tangible fixed assets | 22/27 | €4,518 | €9,883 | +€5,365 | +119% |
| Furniture and vehicles | 24 | €4,518 | €9,883 | +€5,365 | +119% |
| Current assets | 29/58 | €146,128 | €178,105 | +€31,976 | +21.9% |
| Amounts receivable within one year | 40/41 | €10,200 | €15,476 | +€5,276 | +51.7% |
| Trade receivables | 40 | €10,200 | €11,400 | +€1,200 | +11.8% |
| Other amounts receivable | 41 | - | €4,076 | +€4,076 | |
| Current investments | 50/53 | €115,000 | €120,142 | +€5,142 | +4.5% |
| Cash at bank and in hand | 54/58 | €18,061 | €39,758 | +€21,697 | +120% |
| Deferred charges and accrued income | 490/1 | €2,867 | €2,728 | -€139 | -4.8% |
| Total equity and liabilities | 10/49 | €150,646 | €187,987 | +€37,341 | +24.8% |
| Equity | 10/15 | €126,564 | €156,850 | +€30,286 | +23.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €114,164 | €144,450 | +€30,286 | +26.5% |
| Distributable reserves | 133 | €114,164 | €144,450 | +€30,286 | +26.5% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €24,083 | €31,137 | +€7,055 | +29.3% |
| Amounts payable within one year | 42/48 | €23,589 | €30,644 | +€7,055 | +29.9% |
| Trade debts | 44 | €239 | €12,704 | +€12,465 | +5,217% |
| Suppliers | 440/4 | €239 | €12,704 | +€12,465 | +5,217% |
| Taxes, remuneration and social security | 45 | €16,800 | €15,403 | -€1,396 | -8.3% |
| Taxes | 450/3 | €16,800 | €15,403 | -€1,396 | -8.3% |
| Other amounts payable | 47/48 | €6,551 | €2,537 | -€4,014 | -61.3% |
| Accrued charges and deferred income | 492/3 | €493 | €493 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12 | €1,865 | +€1,853 | +14,928% |
| Other operating charges | 640/8 | €820 | €1,805 | +€985 | +120% |
| Gross operating margin | 9900 | €69,135 | €43,966 | -€25,169 | -36.4% |
| Operating profit (loss) | 9901 | €68,302 | €40,296 | -€28,006 | -41.0% |
| Financial income | 75/76B | €540 | €1,523 | +€983 | +182% |
| Recurring financial income | 75 | €540 | €1,523 | +€983 | +182% |
| Financial charges | 65/66B | €620 | €152 | -€468 | -75.5% |
| Recurring financial charges | 65 | €620 | €152 | -€468 | -75.5% |
| Profit (loss) for the period before taxes | 9903 | €68,222 | €41,667 | -€26,555 | -38.9% |
| Income taxes | 67/77 | €18,658 | €11,381 | -€7,277 | -39.0% |
| Profit (loss) for the period | 9904 | €49,564 | €30,286 | -€19,278 | -38.9% |
| Profit (loss) for the period to be appropriated | 9905 | €49,564 | €30,286 | -€19,278 | -38.9% |
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 25 October 2026 via checked.be.