L'ELAN: 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.
L'ELAN
Largest movements
- Receivables within one year -€81,721
down €81,721 (-90.0%), from €90,768 to €9,047
of which Trade receivables: -€71,605
- Tangible fixed assets +€81,558
up €81,558 (+11.3%), from €722,845 to €804,403
of which Furniture and vehicles: +€42,733
- Financial fixed assets +€40,000
up €40,000 (+293%), from €13,645 to €53,645
- Deferred charges and accrued income -€35,710
down €35,710 (-26.7%), from €133,666 to €97,957
- Debts within one year +€72,207
up €72,207 (+44.4%), from €162,516 to €234,722
of which Trade debts: +€38,118
- Profit (loss) carried forward -€25,416
down €25,416 (-5.2%), from €488,895 to €463,479
- Provisions -€23,325
no longer reported in 2025 (was €23,325)
- Debts after one year -€18,701
down €18,701 (-6.4%), from €290,584 to €271,883
- Gross operating margin -€51,068
down €51,068 (-11.3%), from €450,829 to €399,762
- Purchases and services -€16,729
down €16,729 (-5.3%), from €313,226 to €296,497
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 | €974,125 | €976,879 | +€2,754 | +0.3% |
| Fixed assets | 21/28 | €736,490 | €858,048 | +€121,558 | +16.5% |
| Tangible fixed assets | 22/27 | €722,845 | €804,403 | +€81,558 | +11.3% |
| Land and buildings | 22 | €678,127 | €714,881 | +€36,754 | +5.4% |
| Plant, machinery and equipment | 23 | €5,522 | €7,594 | +€2,072 | +37.5% |
| Furniture and vehicles | 24 | €39,196 | €81,928 | +€42,733 | +109% |
| Financial fixed assets | 28 | €13,645 | €53,645 | +€40,000 | +293% |
| Current assets | 29/58 | €237,635 | €118,831 | -€118,804 | -50.0% |
| Amounts receivable within one year | 40/41 | €90,768 | €9,047 | -€81,721 | -90.0% |
| Trade receivables | 40 | €75,502 | €3,897 | -€71,605 | -94.8% |
| Other amounts receivable | 41 | €15,266 | €5,150 | -€10,116 | -66.3% |
| Cash at bank and in hand | 54/58 | €13,201 | €11,827 | -€1,374 | -10.4% |
| Deferred charges and accrued income | 490/1 | €133,666 | €97,957 | -€35,710 | -26.7% |
| Total equity and liabilities | 10/49 | €974,125 | €976,879 | +€2,754 | +0.3% |
| Equity | 10/15 | €488,895 | €463,479 | -€25,416 | -5.2% |
| Profit (loss) carried forward | 14 | €488,895 | €463,479 | -€25,416 | -5.2% |
| Provisions and deferred taxes | 16 | €23,325 | - | -€23,325 | |
| Provisions for liabilities and charges | 160/5 | €23,325 | - | -€23,325 | |
| Other liabilities and charges | 164/5 | €23,325 | - | -€23,325 | |
| Amounts payable | 17/49 | €461,906 | €513,400 | +€51,494 | +11.1% |
| Amounts payable after more than one year | 17 | €290,584 | €271,883 | -€18,701 | -6.4% |
| Financial debts | 170/4 | €290,584 | €271,883 | -€18,701 | -6.4% |
| Amounts payable within one year | 42/48 | €162,516 | €234,722 | +€72,207 | +44.4% |
| Current portion of amounts payable after more than one year | 42 | €18,417 | €18,701 | +€283 | +1.5% |
| Trade debts | 44 | €35,930 | €74,048 | +€38,118 | +106% |
| Suppliers | 440/4 | €35,930 | €74,048 | +€38,118 | +106% |
| Taxes, remuneration and social security | 45 | €98,499 | €92,998 | -€5,501 | -5.6% |
| Taxes | 450/3 | €57,071 | €47,922 | -€9,149 | -16.0% |
| Remuneration and social security | 454/9 | €41,428 | €45,076 | +€3,648 | +8.8% |
| Accrued charges and deferred income | 492/3 | €8,806 | €6,795 | -€2,012 | -22.8% |
| Turnover | 70 | €528,034 | €530,081 | +€2,047 | +0.4% |
| Membership fees, donations, legacies and grants | 73 | €217,267 | €154,240 | -€63,027 | -29.0% |
| Non-recurring operating income | 76A | €18,754 | €11,937 | -€6,817 | -36.3% |
| Goods, raw materials, services and sundry goods | 60/61 | €313,226 | €296,497 | -€16,729 | -5.3% |
| Remuneration, social security and pensions | 62 | €344,098 | €349,081 | +€4,983 | +1.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €56,054 | €60,712 | +€4,658 | +8.3% |
| Other operating charges | 640/8 | €26,230 | €29,181 | +€2,951 | +11.2% |
| Non-recurring operating charges | 66A | €14,085 | €3,339 | -€10,746 | -76.3% |
| Gross operating margin | 9900 | €450,829 | €399,762 | -€51,068 | -11.3% |
| Operating profit (loss) | 9901 | €7,038 | -€19,227 | -€26,265 | |
| Financial income | 75/76B | €3 | €2 | -€0 | -16.2% |
| Recurring financial income | 75 | €3 | €2 | -€0 | -16.2% |
| Financial charges | 65/66B | €6,448 | €6,191 | -€257 | -4.0% |
| Recurring financial charges | 65 | €6,448 | €6,191 | -€257 | -4.0% |
| Profit (loss) for the period before taxes | 9903 | €592 | -€25,416 | -€26,008 | |
| Profit (loss) for the period | 9904 | €592 | -€25,416 | -€26,008 | |
| Profit (loss) for the period to be appropriated | 9905 | €592 | -€25,416 | -€26,008 |
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 27 October 2026 via checked.be.