ELYS: 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.
ELYS
Largest movements
- Cash +€394,253
up €394,253 (+537.1%), from €73,401 to €467,655
mainly Stocks and contracts (+€206,313) and Net result for the year (+€125,609)
- Stocks and contracts -€206,313
down €206,313 (-66.6%), from €309,893 to €103,580
- Receivables within one year -€102,827
down €102,827 (-46.6%), from €220,791 to €117,964
of which Other amounts receivable: -€127,014
- Financial fixed assets +€25,000
up €25,000 (+166.7%), from €15,000 to €40,000
- Tangible fixed assets -€12,818
down €12,818 (-26.8%), from €47,855 to €35,037
- Trade debts -€139,704
down €139,704 (-93.0%), from €150,174 to €10,470
- Reserves +€125,000
up €125,000 (+97.3%), from €128,500 to €253,500
- Current portion of long-term debt +€59,316
up €59,316 (+483.5%), from €12,267 to €71,583
- Tax, wage and social debts +€38,537
up €38,537 (+65.6%), from €58,732 to €97,269
- Other debts +€16,400
up €16,400 (+15.4%), from €106,368 to €122,768
- Gross operating margin +€190,097
up €190,097 (+327.5%), from €58,048 to €248,145
- Taxes +€56,126
up €56,126 (+953.2%), from €5,888 to €62,014
- Financial charges +€14,323
up €14,323 (+44.2%), from €32,415 to €46,738
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 | €670,877 | €766,248 | +€95,372 | +14.2% |
| Fixed assets | 21/28 | €62,855 | €75,037 | +€12,182 | +19.4% |
| Tangible fixed assets | 22/27 | €47,855 | €35,037 | -€12,818 | -26.8% |
| Furniture and vehicles | 24 | €47,855 | €35,037 | -€12,818 | -26.8% |
| Financial fixed assets | 28 | €15,000 | €40,000 | +€25,000 | +166.7% |
| Current assets | 29/58 | €608,022 | €691,211 | +€83,190 | +13.7% |
| Stocks and contracts in progress | 3 | €309,893 | €103,580 | -€206,313 | -66.6% |
| Stocks | 30/36 | €309,893 | €103,580 | -€206,313 | -66.6% |
| Amounts receivable within one year | 40/41 | €220,791 | €117,964 | -€102,827 | -46.6% |
| Trade receivables | 40 | - | €24,187 | +€24,187 | |
| Other amounts receivable | 41 | €220,791 | €93,777 | -€127,014 | -57.5% |
| Cash at bank and in hand | 54/58 | €73,401 | €467,655 | +€394,253 | +537.1% |
| Deferred charges and accrued income | 490/1 | €3,936 | €2,012 | -€1,923 | -48.9% |
| Total equity and liabilities | 10/49 | €670,877 | €766,248 | +€95,372 | +14.2% |
| Equity | 10/15 | €150,351 | €275,959 | +€125,609 | +83.5% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €128,500 | €253,500 | +€125,000 | +97.3% |
| Distributable reserves | 133 | €128,500 | €253,500 | +€125,000 | +97.3% |
| Profit (loss) carried forward | 14 | €1,851 | €2,459 | +€609 | +32.9% |
| Amounts payable | 17/49 | €520,526 | €490,289 | -€30,237 | -5.8% |
| Amounts payable after more than one year | 17 | €192,985 | €188,199 | -€4,786 | -2.5% |
| Financial debts | 170/4 | €192,985 | €188,199 | -€4,786 | -2.5% |
| Amounts payable within one year | 42/48 | €327,541 | €302,090 | -€25,451 | -7.8% |
| Current portion of amounts payable after more than one year | 42 | €12,267 | €71,583 | +€59,316 | +483.5% |
| Trade debts | 44 | €150,174 | €10,470 | -€139,704 | -93.0% |
| Suppliers | 440/4 | €150,174 | €10,470 | -€139,704 | -93.0% |
| Taxes, remuneration and social security | 45 | €58,732 | €97,269 | +€38,537 | +65.6% |
| Taxes | 450/3 | €58,732 | €97,269 | +€38,537 | +65.6% |
| Other amounts payable | 47/48 | €106,368 | €122,768 | +€16,400 | +15.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,863 | €14,064 | +€201 | +1.5% |
| Other operating charges | 640/8 | €2,493 | €956 | -€1,537 | -61.6% |
| Gross operating margin | 9900 | €58,048 | €248,145 | +€190,097 | +327.5% |
| Operating profit (loss) | 9901 | €41,692 | €233,124 | +€191,432 | +459.2% |
| Financial income | 75/76B | €0 | €1,236 | +€1,236 | +308895.0% |
| Recurring financial income | 75 | €0 | €1,236 | +€1,236 | +308895.0% |
| Financial charges | 65/66B | €32,415 | €46,738 | +€14,323 | +44.2% |
| Recurring financial charges | 65 | €32,415 | €46,738 | +€14,323 | +44.2% |
| Profit (loss) for the period before taxes | 9903 | €9,278 | €187,623 | +€178,345 | +1922.3% |
| Income taxes | 67/77 | €5,888 | €62,014 | +€56,126 | +953.2% |
| Profit (loss) for the period | 9904 | €3,390 | €125,609 | +€122,219 | +3605.5% |
| Profit (loss) for the period to be appropriated | 9905 | €3,390 | €125,609 | +€122,219 | +3605.5% |
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 8 October 2026 via checked.be.