ELYSIUM: 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.
ELYSIUM
Largest movements
- Receivables within one year +€193,894
up €193,894 (+88.8%), from €218,395 to €412,290
of which Other amounts receivable: +€187,300
- Cash -€78,434
down €78,434 (-33.2%), from €236,364 to €157,930
mainly Receivables within one year (-€193,894) and Contributions, distributions and other (-€75,000)
- Deferred charges and accrued income -€38,626
down €38,626 (-64.9%), from €59,539 to €20,913
- Tangible fixed assets -€20,688
down €20,688 (-14.1%), from €147,044 to €126,356
of which Plant, machinery and equipment: -€15,432
- Other debts +€74,722
up €74,722 (+1,825%), from €4,094 to €78,816
- Trade debts +€58,958
up €58,958 (+22.8%), from €258,178 to €317,136
- Profit (loss) carried forward -€58,071
down €58,071 (-77.2%), from €75,231 to €17,160
- Current portion of long-term debt -€39,531
down €39,531 (-91.5%), from €43,211 to €3,680
- Tax, wage and social debts +€16,840
up €16,840 (+26.6%), from €63,265 to €80,105
of which Remuneration and social security: +€16,200
- Staff costs +€47,443
up €47,443 (+9.4%), from €505,789 to €553,232
- Gross operating margin -€46,911
down €46,911 (-6.8%), from €691,405 to €644,494
- Taxes -€15,436
down €15,436 (-65.2%), from €23,673 to €8,237
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 | €737,658 | €786,897 | +€49,238 | +6.7% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €147,044 | €126,356 | -€20,688 | -14.1% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €147,044 | €126,356 | -€20,688 | -14.1% |
| Plant, machinery and equipment | 23 | €131,705 | €116,273 | -€15,432 | -11.7% |
| Furniture and vehicles | 24 | €15,339 | €10,083 | -€5,256 | -34.3% |
| Current assets | 29/58 | €590,614 | €660,540 | +€69,926 | +11.8% |
| Stocks and contracts in progress | 3 | €76,316 | €69,408 | -€6,908 | -9.1% |
| Stocks | 30/36 | €76,316 | €69,408 | -€6,908 | -9.1% |
| Amounts receivable within one year | 40/41 | €218,395 | €412,290 | +€193,894 | +88.8% |
| Trade receivables | 40 | €1,210 | €7,804 | +€6,594 | +545% |
| Other amounts receivable | 41 | €217,185 | €404,486 | +€187,300 | +86.2% |
| Cash at bank and in hand | 54/58 | €236,364 | €157,930 | -€78,434 | -33.2% |
| Deferred charges and accrued income | 490/1 | €59,539 | €20,913 | -€38,626 | -64.9% |
| Total equity and liabilities | 10/49 | €737,658 | €786,897 | +€49,238 | +6.7% |
| Equity | 10/15 | €365,231 | €307,160 | -€58,071 | -15.9% |
| Contributions | 10/11 | €290,000 | €290,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €75,231 | €17,160 | -€58,071 | -77.2% |
| Amounts payable | 17/49 | €372,427 | €479,737 | +€107,310 | +28.8% |
| Amounts payable after more than one year | 17 | €3,680 | €0 | -€3,680 | -100% |
| Financial debts | 170/4 | €3,680 | €0 | -€3,680 | -100% |
| Amounts payable within one year | 42/48 | €368,748 | €479,737 | +€110,989 | +30.1% |
| Current portion of amounts payable after more than one year | 42 | €43,211 | €3,680 | -€39,531 | -91.5% |
| Trade debts | 44 | €258,178 | €317,136 | +€58,958 | +22.8% |
| Suppliers | 440/4 | €258,178 | €317,136 | +€58,958 | +22.8% |
| Taxes, remuneration and social security | 45 | €63,265 | €80,105 | +€16,840 | +26.6% |
| Taxes | 450/3 | €237 | €877 | +€640 | +270% |
| Remuneration and social security | 454/9 | €63,028 | €79,228 | +€16,200 | +25.7% |
| Other amounts payable | 47/48 | €4,094 | €78,816 | +€74,722 | +1,825% |
| Remuneration, social security and pensions | 62 | €505,789 | €553,232 | +€47,443 | +9.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €56,105 | €50,036 | -€6,069 | -10.8% |
| Other operating charges | 640/8 | €18,893 | €13,351 | -€5,542 | -29.3% |
| Gross operating margin | 9900 | €691,405 | €644,494 | -€46,911 | -6.8% |
| Operating profit (loss) | 9901 | €110,618 | €27,875 | -€82,743 | -74.8% |
| Financial income | 75/76B | €863 | €766 | -€97 | -11.3% |
| Recurring financial income | 75 | €863 | €766 | -€97 | -11.3% |
| Financial charges | 65/66B | €2,569 | €3,475 | +€907 | +35.3% |
| Recurring financial charges | 65 | €2,569 | €3,475 | +€907 | +35.3% |
| Profit (loss) for the period before taxes | 9903 | €108,912 | €25,166 | -€83,747 | -76.9% |
| Income taxes | 67/77 | €23,673 | €8,237 | -€15,436 | -65.2% |
| Profit (loss) for the period | 9904 | €85,240 | €16,929 | -€68,311 | -80.1% |
| Profit (loss) for the period to be appropriated | 9905 | €85,240 | €16,929 | -€68,311 | -80.1% |
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 18 October 2026 via checked.be.