Elysée Express: 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.
Elysée Express
Largest movements
- Cash -€175,062
down €175,062 (-88.8%), from €197,149 to €22,087
mainly Trade debts (-€309,416) and Receivables within one year (-€100,914)
- Receivables within one year +€100,914
up €100,914 (+24.9%), from €404,610 to €505,524
of which Other amounts receivable: +€60,052
- Tangible fixed assets -€66,052
down €66,052 (-7.7%), from €852,744 to €786,692
- Trade debts -€309,416
down €309,416 (-99.1%), from €312,112 to €2,696
- Profit (loss) carried forward +€195,247
up €195,247 (+65.8%), from €296,681 to €491,927
- Current portion of long-term debt -€90,199
down €90,199 (-91.5%), from €98,561 to €8,363
- Tax, wage and social debts +€72,645
up €72,645 (+72.3%), from €100,519 to €173,163
- Gross operating margin -€378,581
down €378,581 (-53.5%), from €707,996 to €329,415
- Staff costs -€236,752
no longer reported in 2025 (was €236,752)
- Taxes -€29,825
down €29,825 (-29.6%), from €100,899 to €71,074
- Other operating charges -€18,299
no longer reported in 2025 (was €18,299)
- Financial charges -€15,923
down €15,923 (-60.2%), from €26,441 to €10,519
From the 31-12-2024 result to the 31-12-2025 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 31-12-2024 and 31-12-2025 balance sheets and the 31-12-2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 31-12-2024 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,454,503 | €1,314,303 | -€140,200 | -9.6% |
| Fixed assets | 21/28 | €852,744 | €786,692 | -€66,052 | -7.7% |
| Tangible fixed assets | 22/27 | €852,744 | €786,692 | -€66,052 | -7.7% |
| Land and buildings | 22 | €674,781 | €641,968 | -€32,814 | -4.9% |
| Plant, machinery and equipment | 23 | €173,494 | €141,950 | -€31,544 | -18.2% |
| Furniture and vehicles | 24 | €4,468 | €2,774 | -€1,694 | -37.9% |
| Current assets | 29/58 | €601,759 | €527,611 | -€74,148 | -12.3% |
| Amounts receivable within one year | 40/41 | €404,610 | €505,524 | +€100,914 | +24.9% |
| Trade receivables | 40 | €9,524 | €50,386 | +€40,862 | +429.1% |
| Other amounts receivable | 41 | €395,086 | €455,138 | +€60,052 | +15.2% |
| Cash at bank and in hand | 54/58 | €197,149 | €22,087 | -€175,062 | -88.8% |
| Total equity and liabilities | 10/49 | €1,454,503 | €1,314,303 | -€140,200 | -9.6% |
| Equity | 10/15 | €311,681 | €506,927 | +€195,247 | +62.6% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €296,681 | €491,927 | +€195,247 | +65.8% |
| Amounts payable | 17/49 | €1,142,822 | €807,375 | -€335,446 | -29.4% |
| Amounts payable after more than one year | 17 | €572,889 | €572,889 | = | 0.0% |
| Financial debts | 170/4 | €572,889 | €572,889 | = | 0.0% |
| Amounts payable within one year | 42/48 | €511,192 | €184,222 | -€326,970 | -64.0% |
| Current portion of amounts payable after more than one year | 42 | €98,561 | €8,363 | -€90,199 | -91.5% |
| Trade debts | 44 | €312,112 | €2,696 | -€309,416 | -99.1% |
| Suppliers | 440/4 | €312,112 | €2,696 | -€309,416 | -99.1% |
| Taxes, remuneration and social security | 45 | €100,519 | €173,163 | +€72,645 | +72.3% |
| Taxes | 450/3 | €100,519 | €173,163 | +€72,645 | +72.3% |
| Accrued charges and deferred income | 492/3 | €58,740 | €50,264 | -€8,477 | -14.4% |
| Remuneration, social security and pensions | 62 | €236,752 | - | -€236,752 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €71,612 | €66,052 | -€5,560 | -7.8% |
| Other operating charges | 640/8 | €18,299 | - | -€18,299 | |
| Gross operating margin | 9900 | €707,996 | €329,415 | -€378,581 | -53.5% |
| Operating profit (loss) | 9901 | €381,333 | €263,363 | -€117,970 | -30.9% |
| Financial income | 75/76B | €8,489 | €13,477 | +€4,987 | +58.7% |
| Recurring financial income | 75 | €8,489 | €13,477 | +€4,987 | +58.7% |
| Financial charges | 65/66B | €26,441 | €10,519 | -€15,923 | -60.2% |
| Recurring financial charges | 65 | €26,441 | €10,519 | -€15,923 | -60.2% |
| Profit (loss) for the period before taxes | 9903 | €363,382 | €266,321 | -€97,061 | -26.7% |
| Income taxes | 67/77 | €100,899 | €71,074 | -€29,825 | -29.6% |
| Profit (loss) for the period | 9904 | €262,482 | €195,247 | -€67,236 | -25.6% |
| Profit (loss) for the period to be appropriated | 9905 | €262,482 | €195,247 | -€67,236 | -25.6% |
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 6 October 2026 via checked.be.