ELYS TS: 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 TS
Largest movements
- Receivables within one year -€197,602
down €197,602 (-42.1%), from €468,904 to €271,302
of which Trade receivables: -€152,131
- Tangible fixed assets +€26,378
up €26,378 (+9.0%), from €292,714 to €319,092
of which Furniture and vehicles: +€37,120
- Stocks and contracts -€10,213
down €10,213 (-10.8%), from €94,706 to €84,494
- Advances received -€130,000
no longer reported in 2025 (was €130,000)
- Trade debts -€54,562
down €54,562 (-52.6%), from €103,670 to €49,108
- Current portion of long-term debt +€16,083
up €16,083 (+27.1%), from €59,423 to €75,507
- Profit (loss) carried forward +€14,377
up €14,377 (+21.9%), from €65,677 to €80,054
- Debts after one year -€13,242
down €13,242 (-4.7%), from €278,857 to €265,615
- Gross operating margin +€105,363
up €105,363 (+13.5%), from €781,904 to €887,267
- Taxes +€16,235
up €16,235 (+36.5%), from €44,423 to €60,658
- Staff costs +€15,804
up €15,804 (+2.7%), from €579,740 to €595,544
- Depreciation +€15,297
up €15,297 (+44.7%), from €34,257 to €49,554
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 | €895,634 | €716,531 | -€179,103 | -20.0% |
| Fixed assets | 21/28 | €294,553 | €319,678 | +€25,125 | +8.5% |
| Intangible fixed assets | 21 | €1,724 | €470 | -€1,253 | -72.7% |
| Tangible fixed assets | 22/27 | €292,714 | €319,092 | +€26,378 | +9.0% |
| Land and buildings | 22 | €189,619 | €178,218 | -€11,401 | -6.0% |
| Plant, machinery and equipment | 23 | €9,264 | €10,016 | +€752 | +8.1% |
| Furniture and vehicles | 24 | €93,082 | €130,203 | +€37,120 | +39.9% |
| Other tangible fixed assets | 26 | €748 | €655 | -€93 | -12.4% |
| Financial fixed assets | 28 | €115 | €115 | = | 0.0% |
| Current assets | 29/58 | €601,081 | €396,853 | -€204,227 | -34.0% |
| Stocks and contracts in progress | 3 | €94,706 | €84,494 | -€10,213 | -10.8% |
| Stocks | 30/36 | €94,706 | €84,494 | -€10,213 | -10.8% |
| Amounts receivable within one year | 40/41 | €468,904 | €271,302 | -€197,602 | -42.1% |
| Trade receivables | 40 | €375,334 | €223,203 | -€152,131 | -40.5% |
| Other amounts receivable | 41 | €93,570 | €48,099 | -€45,471 | -48.6% |
| Cash at bank and in hand | 54/58 | €22,917 | €23,472 | +€554 | +2.4% |
| Deferred charges and accrued income | 490/1 | €14,553 | €17,586 | +€3,033 | +20.8% |
| Total equity and liabilities | 10/49 | €895,634 | €716,531 | -€179,103 | -20.0% |
| Equity | 10/15 | €86,695 | €101,072 | +€14,377 | +16.6% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €1,018 | €1,018 | = | 0.0% |
| Distributable reserves | 133 | €1,018 | €1,018 | = | 0.0% |
| Profit (loss) carried forward | 14 | €65,677 | €80,054 | +€14,377 | +21.9% |
| Amounts payable | 17/49 | €808,938 | €615,459 | -€193,480 | -23.9% |
| Amounts payable after more than one year | 17 | €278,857 | €265,615 | -€13,242 | -4.7% |
| Financial debts | 170/4 | €278,857 | €265,615 | -€13,242 | -4.7% |
| Amounts payable within one year | 42/48 | €530,081 | €349,843 | -€180,238 | -34.0% |
| Current portion of amounts payable after more than one year | 42 | €59,423 | €75,507 | +€16,083 | +27.1% |
| Trade debts | 44 | €103,670 | €49,108 | -€54,562 | -52.6% |
| Suppliers | 440/4 | €103,670 | €49,108 | -€54,562 | -52.6% |
| Advances received on contracts in progress | 46 | €130,000 | - | -€130,000 | |
| Taxes, remuneration and social security | 45 | €73,554 | €71,857 | -€1,696 | -2.3% |
| Taxes | 450/3 | €20,867 | €20,198 | -€669 | -3.2% |
| Remuneration and social security | 454/9 | €52,686 | €51,659 | -€1,027 | -1.9% |
| Other amounts payable | 47/48 | €163,435 | €153,371 | -€10,063 | -6.2% |
| Remuneration, social security and pensions | 62 | €579,740 | €595,544 | +€15,804 | +2.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,257 | €49,554 | +€15,297 | +44.7% |
| Other operating charges | 640/8 | €2,399 | €6,104 | +€3,706 | +154.5% |
| Gross operating margin | 9900 | €781,904 | €887,267 | +€105,363 | +13.5% |
| Operating profit (loss) | 9901 | €165,509 | €236,065 | +€70,557 | +42.6% |
| Financial income | 75/76B | €391 | €196 | -€195 | -49.9% |
| Recurring financial income | 75 | €391 | €196 | -€195 | -49.9% |
| Financial charges | 65/66B | €8,931 | €11,226 | +€2,296 | +25.7% |
| Recurring financial charges | 65 | €8,931 | €11,226 | +€2,296 | +25.7% |
| Profit (loss) for the period before taxes | 9903 | €156,969 | €225,035 | +€68,066 | +43.4% |
| Income taxes | 67/77 | €44,423 | €60,658 | +€16,235 | +36.5% |
| Profit (loss) for the period | 9904 | €112,546 | €164,377 | +€51,830 | +46.1% |
| Profit (loss) for the period to be appropriated | 9905 | €112,546 | €164,377 | +€51,830 | +46.1% |
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 4 October 2026 via checked.be.