ELYS TP: 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.
ELYS TP
Largest movements
- Cash +€206,505
up €206,505 (+152%), from €136,297 to €342,802
mainly Depreciation (+€196,743) and Net result for the year (+€134,787)
- Receivables within one year -€129,502
down €129,502 (-40.5%), from €319,783 to €190,280
of which Trade receivables: -€103,504
- Tangible fixed assets +€26,858
up €26,858 (+3.3%), from €818,222 to €845,080
of which Furniture and vehicles: +€96,072
- Debts after one year +€70,244
up €70,244 (+10.5%), from €669,029 to €739,273
- Investment grants +€45,964
new in 2025: €45,964
- Other debts +€44,187
up €44,187 (+47.3%), from €93,449 to €137,636
- Trade debts -€21,453
down €21,453 (-34.1%), from €62,911 to €41,457
- Tax, wage and social debts -€19,310
down €19,310 (-37.9%), from €50,885 to €31,575
of which Remuneration and social security: -€44,305
- Gross operating margin +€198,189
up €198,189 (+16.9%), from €1.2m to €1.4m
- Staff costs +€68,604
up €68,604 (+7.7%), from €886,643 to €955,247
- Taxes +€40,528
up €40,528 (+445%), from €9,105 to €49,632
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 | €1,291,777 | €1,404,957 | +€113,180 | +8.8% |
| Fixed assets | 21/28 | €822,121 | €859,885 | +€37,764 | +4.6% |
| Tangible fixed assets | 22/27 | €818,222 | €845,080 | +€26,858 | +3.3% |
| Land and buildings | 22 | €214,760 | €202,712 | -€12,049 | -5.6% |
| Plant, machinery and equipment | 23 | €395,608 | €338,443 | -€57,165 | -14.5% |
| Furniture and vehicles | 24 | €207,854 | €303,926 | +€96,072 | +46.2% |
| Financial fixed assets | 28 | €3,899 | €14,805 | +€10,906 | +280% |
| Current assets | 29/58 | €469,656 | €545,072 | +€75,416 | +16.1% |
| Amounts receivable within one year | 40/41 | €319,783 | €190,280 | -€129,502 | -40.5% |
| Trade receivables | 40 | €222,438 | €118,934 | -€103,504 | -46.5% |
| Other amounts receivable | 41 | €97,345 | €71,346 | -€25,999 | -26.7% |
| Cash at bank and in hand | 54/58 | €136,297 | €342,802 | +€206,505 | +152% |
| Deferred charges and accrued income | 490/1 | €13,576 | €11,990 | -€1,586 | -11.7% |
| Total equity and liabilities | 10/49 | €1,291,777 | €1,404,957 | +€113,180 | +8.8% |
| Equity | 10/15 | €238,235 | €284,987 | +€46,751 | +19.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €38,610 | €38,610 | = | 0.0% |
| Distributable reserves | 133 | €38,610 | €38,610 | = | 0.0% |
| Profit (loss) carried forward | 14 | €181,025 | €181,813 | +€787 | +0.4% |
| Investment grants | 15 | - | €45,964 | +€45,964 | |
| Amounts payable | 17/49 | €1,053,542 | €1,119,971 | +€66,429 | +6.3% |
| Amounts payable after more than one year | 17 | €669,029 | €739,273 | +€70,244 | +10.5% |
| Financial debts | 170/4 | €669,029 | €739,273 | +€70,244 | +10.5% |
| Amounts payable within one year | 42/48 | €384,513 | €380,698 | -€3,815 | -1.0% |
| Current portion of amounts payable after more than one year | 42 | €177,269 | €170,030 | -€7,239 | -4.1% |
| Trade debts | 44 | €62,911 | €41,457 | -€21,453 | -34.1% |
| Suppliers | 440/4 | €62,911 | €41,457 | -€21,453 | -34.1% |
| Taxes, remuneration and social security | 45 | €50,885 | €31,575 | -€19,310 | -37.9% |
| Taxes | 450/3 | - | €24,995 | +€24,995 | |
| Remuneration and social security | 454/9 | €50,885 | €6,579 | -€44,305 | -87.1% |
| Other amounts payable | 47/48 | €93,449 | €137,636 | +€44,187 | +47.3% |
| Remuneration, social security and pensions | 62 | €886,643 | €955,247 | +€68,604 | +7.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €199,084 | €196,743 | -€2,340 | -1.2% |
| Other operating charges | 640/8 | €14,138 | €13,995 | -€143 | -1.0% |
| Gross operating margin | 9900 | €1,174,823 | €1,373,012 | +€198,189 | +16.9% |
| Operating profit (loss) | 9901 | €74,959 | €207,027 | +€132,068 | +176% |
| Financial income | 75/76B | €229 | €6,550 | +€6,321 | +2,756% |
| Recurring financial income | 75 | €229 | €6,550 | +€6,321 | +2,756% |
| Financial charges | 65/66B | €28,284 | €29,157 | +€873 | +3.1% |
| Recurring financial charges | 65 | €28,284 | €29,157 | +€873 | +3.1% |
| Profit (loss) for the period before taxes | 9903 | €46,904 | €184,420 | +€137,515 | +293% |
| Income taxes | 67/77 | €9,105 | €49,632 | +€40,528 | +445% |
| Profit (loss) for the period | 9904 | €37,800 | €134,787 | +€96,988 | +257% |
| Profit (loss) for the period to be appropriated | 9905 | €37,800 | €134,787 | +€96,988 | +257% |
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 13 October 2026 via checked.be.