Elysway: 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.
Elysway
Largest movements
- Tangible fixed assets -€20,065
down €20,065 (-5.9%), from €341,541 to €321,476
of which Land and buildings: -€11,737
- Receivables within one year +€8,946
up €8,946 (+55.6%), from €16,084 to €25,030
of which Trade receivables: +€7,114
- Cash -€4,830
down €4,830 (-70.4%), from €6,862 to €2,032
mainly Debts after one year (-€18,547) and Receivables within one year (-€8,946)
- Debts after one year -€18,547
down €18,547 (-7.6%), from €244,439 to €225,892
- Reserves +€16,296
up €16,296 (+96.0%), from €16,969 to €33,265
- Trade debts -€8,388
down €8,388 (-72.1%), from €11,635 to €3,247
- Current portion of long-term debt -€8,101
down €8,101 (-29.7%), from €27,299 to €19,197
- Tax, wage and social debts +€6,152
up €6,152 (+53.0%), from €11,598 to €17,750
- Gross operating margin +€6,386
up €6,386 (+12.4%), from €51,382 to €57,768
- Depreciation -€4,141
down €4,141 (-19.3%), from €21,442 to €17,300
- Taxes +€2,487
up €2,487 (+34.1%), from €7,284 to €9,771
- Financial charges -€985
down €985 (-7.6%), from €12,939 to €11,954
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 | €365,033 | €348,644 | -€16,389 | -4.5% |
| Fixed assets | 21/28 | €341,541 | €321,476 | -€20,065 | -5.9% |
| Tangible fixed assets | 22/27 | €341,541 | €321,476 | -€20,065 | -5.9% |
| Land and buildings | 22 | €319,292 | €307,554 | -€11,737 | -3.7% |
| Furniture and vehicles | 24 | €22,249 | €13,921 | -€8,328 | -37.4% |
| Current assets | 29/58 | €23,492 | €27,168 | +€3,677 | +15.7% |
| Amounts receivable within one year | 40/41 | €16,084 | €25,030 | +€8,946 | +55.6% |
| Trade receivables | 40 | €15,805 | €22,919 | +€7,114 | +45.0% |
| Other amounts receivable | 41 | €279 | €2,111 | +€1,832 | +656% |
| Cash at bank and in hand | 54/58 | €6,862 | €2,032 | -€4,830 | -70.4% |
| Deferred charges and accrued income | 490/1 | €545 | €106 | -€439 | -80.5% |
| Total equity and liabilities | 10/49 | €365,033 | €348,644 | -€16,389 | -4.5% |
| Equity | 10/15 | €46,969 | €63,265 | +€16,296 | +34.7% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €16,969 | €33,265 | +€16,296 | +96.0% |
| Distributable reserves | 133 | €16,969 | €33,265 | +€16,296 | +96.0% |
| Amounts payable | 17/49 | €318,063 | €285,379 | -€32,685 | -10.3% |
| Amounts payable after more than one year | 17 | €244,439 | €225,892 | -€18,547 | -7.6% |
| Financial debts | 170/4 | €244,439 | €225,892 | -€18,547 | -7.6% |
| Amounts payable within one year | 42/48 | €73,624 | €59,359 | -€14,265 | -19.4% |
| Current portion of amounts payable after more than one year | 42 | €27,299 | €19,197 | -€8,101 | -29.7% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €11,635 | €3,247 | -€8,388 | -72.1% |
| Suppliers | 440/4 | €11,635 | €3,247 | -€8,388 | -72.1% |
| Advances received on contracts in progress | 46 | €0 | €2,000 | +€2,000 | |
| Taxes, remuneration and social security | 45 | €11,598 | €17,750 | +€6,152 | +53.0% |
| Taxes | 450/3 | €11,598 | €17,750 | +€6,152 | +53.0% |
| Other amounts payable | 47/48 | €23,092 | €17,164 | -€5,928 | -25.7% |
| Accrued charges and deferred income | 492/3 | - | €128 | +€128 | |
| Non-recurring operating income | 76A | - | €11,235 | +€11,235 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,442 | €17,300 | -€4,141 | -19.3% |
| Other operating charges | 640/8 | €2,814 | €2,468 | -€346 | -12.3% |
| Gross operating margin | 9900 | €51,382 | €57,768 | +€6,386 | +12.4% |
| Operating profit (loss) | 9901 | €27,126 | €37,999 | +€10,873 | +40.1% |
| Financial income | 75/76B | €14 | €22 | +€8 | +58.4% |
| Recurring financial income | 75 | €14 | €22 | +€8 | +58.4% |
| Financial charges | 65/66B | €12,939 | €11,954 | -€985 | -7.6% |
| Recurring financial charges | 65 | €12,939 | €11,954 | -€985 | -7.6% |
| Profit (loss) for the period before taxes | 9903 | €14,201 | €26,067 | +€11,866 | +83.6% |
| Income taxes | 67/77 | €7,284 | €9,771 | +€2,487 | +34.1% |
| Profit (loss) for the period | 9904 | €6,917 | €16,296 | +€9,379 | +136% |
| Profit (loss) for the period to be appropriated | 9905 | €6,917 | €16,296 | +€9,379 | +136% |
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 28 October 2026 via checked.be.