ELPIS KI: 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.
ELPIS KI
Largest movements
- Cash +€14,901
up €14,901 (+150%), from €9,924 to €24,825
mainly Net result for the year (+€26,047) and Depreciation (+€4,499)
- Current investments +€7,053
up €7,053 (+61.3%), from €11,506 to €18,559
- Receivables within one year +€5,600
up €5,600 (+112%), from €4,999 to €10,598
of which Trade receivables: +€5,579
- Tangible fixed assets -€2,012
down €2,012 (-8.3%), from €24,201 to €22,189
of which Land and buildings: -€2,835
- Profit (loss) carried forward +€26,047
up €26,047 (+52.6%), from -€49,563 to -€23,515
- Other debts -€3,040
down €3,040 (-8.0%), from €37,863 to €34,823
- Tax, wage and social debts +€2,616
up €2,616 (+172%), from €1,519 to €4,136
- Gross operating margin +€9,024
up €9,024 (+39.4%), from €22,931 to €31,955
- Depreciation +€783
up €783 (+21.1%), from €3,716 to €4,499
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 | €51,997 | €77,915 | +€25,918 | +49.8% |
| Fixed assets | 21/28 | €24,251 | €22,239 | -€2,012 | -8.3% |
| Tangible fixed assets | 22/27 | €24,201 | €22,189 | -€2,012 | -8.3% |
| Land and buildings | 22 | €17,350 | €14,515 | -€2,835 | -16.3% |
| Plant, machinery and equipment | 23 | €6,851 | €7,673 | +€823 | +12.0% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €27,746 | €55,677 | +€27,931 | +101% |
| Amounts receivable within one year | 40/41 | €4,999 | €10,598 | +€5,600 | +112% |
| Trade receivables | 40 | €4,991 | €10,570 | +€5,579 | +112% |
| Other amounts receivable | 41 | €8 | €28 | +€20 | +270% |
| Current investments | 50/53 | €11,506 | €18,559 | +€7,053 | +61.3% |
| Cash at bank and in hand | 54/58 | €9,924 | €24,825 | +€14,901 | +150% |
| Deferred charges and accrued income | 490/1 | €1,317 | €1,694 | +€377 | +28.6% |
| Total equity and liabilities | 10/49 | €51,997 | €77,915 | +€25,918 | +49.8% |
| Equity | 10/15 | €12,411 | €38,458 | +€26,047 | +210% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€49,563 | -€23,515 | +€26,047 | +52.6% |
| Amounts payable | 17/49 | €39,586 | €39,458 | -€129 | -0.3% |
| Amounts payable within one year | 42/48 | €39,586 | €39,458 | -€129 | -0.3% |
| Trade debts | 44 | €204 | €499 | +€295 | +145% |
| Suppliers | 440/4 | €204 | €499 | +€295 | +145% |
| Taxes, remuneration and social security | 45 | €1,519 | €4,136 | +€2,616 | +172% |
| Taxes | 450/3 | €1,519 | €4,136 | +€2,616 | +172% |
| Other amounts payable | 47/48 | €37,863 | €34,823 | -€3,040 | -8.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,716 | €4,499 | +€783 | +21.1% |
| Other operating charges | 640/8 | €1,392 | €1,436 | +€44 | +3.2% |
| Gross operating margin | 9900 | €22,931 | €31,955 | +€9,024 | +39.4% |
| Operating profit (loss) | 9901 | €17,823 | €26,020 | +€8,196 | +46.0% |
| Financial income | 75/76B | €3 | €93 | +€90 | +2,796% |
| Recurring financial income | 75 | €3 | €93 | +€90 | +2,796% |
| Financial charges | 65/66B | €51 | €66 | +€15 | +29.4% |
| Recurring financial charges | 65 | €51 | €66 | +€15 | +29.4% |
| Profit (loss) for the period before taxes | 9903 | €17,776 | €26,047 | +€8,271 | +46.5% |
| Profit (loss) for the period | 9904 | €17,776 | €26,047 | +€8,271 | +46.5% |
| Profit (loss) for the period to be appropriated | 9905 | €17,776 | €26,047 | +€8,271 | +46.5% |
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 30 October 2026 via checked.be.