ELSERIK: what changed
Two fiscal 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.
ELSERIK
Largest movements
- Current investments +€200,000
up €200,000 (+100.0%), from €200,000 to €400,000
- Cash -€184,058
down €184,058 (-66.7%), from €276,124 to €92,066
mainly Current investments (-€200,000) and Trade debts (-€15,560)
- Tangible fixed assets -€29,101
down €29,101 (-2.9%), from €992,214 to €963,113
of which Land and buildings: -€28,822
- Trade debts -€15,560
down €15,560 (-85.9%), from €18,110 to €2,550
- Gross operating margin -€18,242
down €18,242 (-16.9%), from €107,671 to €89,429
- Taxes -€7,197
down €7,197 (-58.9%), from €12,227 to €5,030
- Financial income -€2,437
down €2,437 (-28.1%), from €8,680 to €6,243
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.
Cash bridge derived
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 | €1,485,035 | €1,470,622 | -€14,414 | -1.0% |
| Fixed assets | 21/28 | €992,214 | €963,113 | -€29,101 | -2.9% |
| Tangible fixed assets | 22/27 | €992,214 | €963,113 | -€29,101 | -2.9% |
| Land and buildings | 22 | €991,888 | €963,066 | -€28,822 | -2.9% |
| Furniture and vehicles | 24 | €326 | €47 | -€280 | -85.7% |
| Current assets | 29/58 | €492,821 | €507,509 | +€14,688 | +3.0% |
| Amounts receivable within one year | 40/41 | €16,697 | €9,443 | -€7,254 | -43.4% |
| Other amounts receivable | 41 | €16,697 | €9,443 | -€7,254 | -43.4% |
| Current investments | 50/53 | €200,000 | €400,000 | +€200,000 | +100.0% |
| Cash at bank and in hand | 54/58 | €276,124 | €92,066 | -€184,058 | -66.7% |
| Deferred charges and accrued income | 490/1 | €0 | €6,000 | +€6,000 | |
| Total equity and liabilities | 10/49 | €1,485,035 | €1,470,622 | -€14,414 | -1.0% |
| Equity | 10/15 | €907,043 | €909,588 | +€2,545 | +0.3% |
| Contributions | 10/11 | €226,702 | €226,702 | = | 0.0% |
| Reserves | 13 | €680,341 | €682,886 | +€2,545 | +0.4% |
| Tax-exempt reserves | 132 | €208,567 | €200,334 | -€8,233 | -3.9% |
| Distributable reserves | 133 | €471,774 | €482,552 | +€10,778 | +2.3% |
| Provisions and deferred taxes | 16 | €69,522 | €66,778 | -€2,744 | -3.9% |
| Deferred taxes | 168 | €69,522 | €66,778 | -€2,744 | -3.9% |
| Amounts payable | 17/49 | €508,470 | €494,255 | -€14,215 | -2.8% |
| Amounts payable within one year | 42/48 | €508,470 | €492,455 | -€16,015 | -3.1% |
| Trade debts | 44 | €18,110 | €2,550 | -€15,560 | -85.9% |
| Suppliers | 440/4 | €18,110 | €2,550 | -€15,560 | -85.9% |
| Taxes, remuneration and social security | 45 | €814 | €0 | -€814 | -100.0% |
| Taxes | 450/3 | €814 | €0 | -€814 | -100.0% |
| Other amounts payable | 47/48 | €489,546 | €489,905 | +€359 | +0.1% |
| Accrued charges and deferred income | 492/3 | €0 | €1,800 | +€1,800 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,024 | €39,970 | -€54 | -0.1% |
| Other operating charges | 640/8 | €16,886 | €17,273 | +€386 | +2.3% |
| Gross operating margin | 9900 | €107,671 | €89,429 | -€18,242 | -16.9% |
| Operating profit (loss) | 9901 | €50,761 | €32,186 | -€18,575 | -36.6% |
| Financial income | 75/76B | €8,680 | €6,243 | -€2,437 | -28.1% |
| Recurring financial income | 75 | €8,680 | €6,243 | -€2,437 | -28.1% |
| Financial charges | 65/66B | €32,940 | €33,598 | +€658 | +2.0% |
| Recurring financial charges | 65 | €32,940 | €33,598 | +€658 | +2.0% |
| Profit (loss) for the period before taxes | 9903 | €26,500 | €4,831 | -€21,669 | -81.8% |
| Transfer from deferred taxes | 780 | €2,982 | €2,744 | -€237 | -8.0% |
| Income taxes | 67/77 | €12,227 | €5,030 | -€7,197 | -58.9% |
| Profit (loss) for the period | 9904 | €17,255 | €2,545 | -€14,710 | -85.2% |
| Transfer from tax-exempt reserves | 789 | €8,945 | €8,233 | -€712 | -8.0% |
| Profit (loss) for the period to be appropriated | 9905 | €26,200 | €10,778 | -€15,422 | -58.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 August 2024 and 31 August 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.