ELSISS: 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.
ELSISS
Largest movements
- Tangible fixed assets -€8,002
down €8,002 (-39.6%), from €20,218 to €12,216
of which Leasing and similar rights: -€7,245
- Stocks and contracts +€7,123
up €7,123 (+15.5%), from €45,881 to €53,004
- Debts after one year -€4,659
down €4,659 (-38.4%), from €12,134 to €7,474
- Trade debts +€2,267
up €2,267 (+289.7%), from €782 to €3,049
- Profit (loss) carried forward +€1,321
up €1,321 (+2.5%), from -€52,797 to -€51,476
- Gross operating margin +€18,082
up €18,082, from -€7,162 to €10,920
- Depreciation +€1,146
up €1,146 (+16.7%), from €6,856 to €8,002
- Other operating charges +€219
up €219 (+33.8%), from €647 to €866
- Financial charges -€200
down €200 (-21.5%), from €931 to €730
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 | €67,263 | €65,912 | -€1,351 | -2.0% |
| Fixed assets | 21/28 | €20,218 | €12,216 | -€8,002 | -39.6% |
| Tangible fixed assets | 22/27 | €20,218 | €12,216 | -€8,002 | -39.6% |
| Plant, machinery and equipment | 23 | €3,496 | €2,965 | -€530 | -15.2% |
| Furniture and vehicles | 24 | €376 | €148 | -€227 | -60.5% |
| Leasing and similar rights | 25 | €16,347 | €9,102 | -€7,245 | -44.3% |
| Current assets | 29/58 | €47,045 | €53,696 | +€6,651 | +14.1% |
| Stocks and contracts in progress | 3 | €45,881 | €53,004 | +€7,123 | +15.5% |
| Stocks | 30/36 | €45,881 | €53,004 | +€7,123 | +15.5% |
| Amounts receivable within one year | 40/41 | €578 | €11 | -€567 | -98.1% |
| Other amounts receivable | 41 | €578 | €11 | -€567 | -98.1% |
| Cash at bank and in hand | 54/58 | €586 | €681 | +€95 | +16.3% |
| Total equity and liabilities | 10/49 | €67,263 | €65,912 | -€1,351 | -2.0% |
| Equity | 10/15 | -€12,797 | -€11,476 | +€1,321 | +10.3% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€52,797 | -€51,476 | +€1,321 | +2.5% |
| Amounts payable | 17/49 | €80,060 | €77,388 | -€2,672 | -3.3% |
| Amounts payable after more than one year | 17 | €12,134 | €7,474 | -€4,659 | -38.4% |
| Financial debts | 170/4 | €12,134 | €7,474 | -€4,659 | -38.4% |
| Amounts payable within one year | 42/48 | €67,926 | €69,913 | +€1,987 | +2.9% |
| Current portion of amounts payable after more than one year | 42 | €4,449 | €4,659 | +€210 | +4.7% |
| Trade debts | 44 | €782 | €3,049 | +€2,267 | +289.7% |
| Suppliers | 440/4 | €782 | €3,049 | +€2,267 | +289.7% |
| Taxes, remuneration and social security | 45 | - | €10 | +€10 | |
| Taxes | 450/3 | - | €10 | +€10 | |
| Other amounts payable | 47/48 | €62,694 | €62,195 | -€500 | -0.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,856 | €8,002 | +€1,146 | +16.7% |
| Other operating charges | 640/8 | €647 | €866 | +€219 | +33.8% |
| Gross operating margin | 9900 | -€7,162 | €10,920 | +€18,082 | |
| Operating profit (loss) | 9901 | -€14,665 | €2,051 | +€16,717 | |
| Financial income | 75/76B | €3 | €0 | -€3 | -100.0% |
| Recurring financial income | 75 | €3 | €0 | -€3 | -100.0% |
| Financial charges | 65/66B | €931 | €730 | -€200 | -21.5% |
| Recurring financial charges | 65 | €931 | €730 | -€200 | -21.5% |
| Profit (loss) for the period before taxes | 9903 | -€15,593 | €1,321 | +€16,914 | |
| Profit (loss) for the period | 9904 | -€15,593 | €1,321 | +€16,914 | |
| Profit (loss) for the period to be appropriated | 9905 | -€15,593 | €1,321 | +€16,914 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.