RESTO ELISE: 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.
RESTO ELISE
Largest movements
- Tangible fixed assets +€313,695
up €313,695 (+1,818%), from €17,257 to €330,953
of which Land and buildings: +€319,619
- Cash -€68,278
down €68,278 (-64.7%), from €105,584 to €37,306
mainly Investment in fixed assets (net) (-€340,490) and Contributions, distributions and other (-€14,839)
- Intangible fixed assets -€3,906
down €3,906 (-52.2%), from €7,487 to €3,581
- Debts after one year +€206,622
up €206,622 (+1,964%), from €10,519 to €217,141
- Other debts +€27,570
up €27,570 (+26,474%), from €104 to €27,675
- Reserves -€11,087
down €11,087 (-11.8%), from €94,168 to €83,080
- Current portion of long-term debt +€6,438
up €6,438 (+114%), from €5,637 to €12,076
- Gross operating margin +€27,271
up €27,271 (+49.2%), from €55,442 to €82,713
- Depreciation +€21,281
up €21,281 (+226%), from €9,420 to €30,701
- Financial charges +€6,267
up €6,267 (+201%), from €3,119 to €9,386
- Staff costs +€4,952
up €4,952 (+17.5%), from €28,326 to €33,279
- Taxes -€1,996
down €1,996 (-78.3%), from €2,550 to €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.
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 | €153,165 | €389,022 | +€235,857 | +154% |
| Fixed assets | 21/28 | €24,744 | €334,534 | +€309,789 | +1,252% |
| Intangible fixed assets | 21 | €7,487 | €3,581 | -€3,906 | -52.2% |
| Tangible fixed assets | 22/27 | €17,257 | €330,953 | +€313,695 | +1,818% |
| Land and buildings | 22 | - | €319,619 | +€319,619 | |
| Plant, machinery and equipment | 23 | €2,258 | €1,824 | -€434 | -19.2% |
| Furniture and vehicles | 24 | €5,999 | €9,509 | +€3,510 | +58.5% |
| Other tangible fixed assets | 26 | €4,151 | €0 | -€4,151 | -100% |
| Assets under construction and advance payments | 27 | €4,849 | €0 | -€4,849 | -100% |
| Current assets | 29/58 | €128,420 | €54,488 | -€73,932 | -57.6% |
| Stocks and contracts in progress | 3 | €11,952 | €9,622 | -€2,330 | -19.5% |
| Stocks | 30/36 | €11,952 | €9,622 | -€2,330 | -19.5% |
| Amounts receivable within one year | 40/41 | €8,516 | €4,851 | -€3,664 | -43.0% |
| Trade receivables | 40 | €3,066 | €0 | -€3,066 | -100% |
| Other amounts receivable | 41 | €5,450 | €4,851 | -€599 | -11.0% |
| Cash at bank and in hand | 54/58 | €105,584 | €37,306 | -€68,278 | -64.7% |
| Deferred charges and accrued income | 490/1 | €2,369 | €2,710 | +€341 | +14.4% |
| Total equity and liabilities | 10/49 | €153,165 | €389,022 | +€235,857 | +154% |
| Equity | 10/15 | €126,011 | €114,923 | -€11,087 | -8.8% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €94,168 | €83,080 | -€11,087 | -11.8% |
| Distributable reserves | 133 | €94,168 | €83,080 | -€11,087 | -11.8% |
| Profit (loss) carried forward | 14 | €11,843 | €11,843 | = | 0.0% |
| Amounts payable | 17/49 | €27,154 | €274,099 | +€246,945 | +909% |
| Amounts payable after more than one year | 17 | €10,519 | €217,141 | +€206,622 | +1,964% |
| Financial debts | 170/4 | €10,519 | €217,141 | +€206,622 | +1,964% |
| Amounts payable within one year | 42/48 | €16,635 | €55,489 | +€38,854 | +234% |
| Current portion of amounts payable after more than one year | 42 | €5,637 | €12,076 | +€6,438 | +114% |
| Trade debts | 44 | €2,450 | €4,752 | +€2,302 | +94.0% |
| Suppliers | 440/4 | €2,450 | €4,752 | +€2,302 | +94.0% |
| Taxes, remuneration and social security | 45 | €8,444 | €10,987 | +€2,543 | +30.1% |
| Taxes | 450/3 | €7,801 | €10,496 | +€2,695 | +34.5% |
| Remuneration and social security | 454/9 | €642 | €491 | -€152 | -23.6% |
| Other amounts payable | 47/48 | €104 | €27,675 | +€27,570 | +26,474% |
| Accrued charges and deferred income | 492/3 | - | €1,469 | +€1,469 | |
| Remuneration, social security and pensions | 62 | €28,326 | €33,279 | +€4,952 | +17.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,420 | €30,701 | +€21,281 | +226% |
| Other operating charges | 640/8 | €2,052 | €2,325 | +€273 | +13.3% |
| Non-recurring operating charges | 66A | €4,167 | €2,828 | -€1,339 | -32.1% |
| Gross operating margin | 9900 | €55,442 | €82,713 | +€27,271 | +49.2% |
| Operating profit (loss) | 9901 | €11,477 | €13,581 | +€2,104 | +18.3% |
| Financial income | 75/76B | €21 | €111 | +€90 | +434% |
| Recurring financial income | 75 | €21 | €111 | +€90 | +434% |
| Financial charges | 65/66B | €3,119 | €9,386 | +€6,267 | +201% |
| Recurring financial charges | 65 | €3,119 | €9,386 | +€6,267 | +201% |
| Profit (loss) for the period before taxes | 9903 | €8,378 | €4,306 | -€4,072 | -48.6% |
| Income taxes | 67/77 | €2,550 | €554 | -€1,996 | -78.3% |
| Profit (loss) for the period | 9904 | €5,828 | €3,752 | -€2,076 | -35.6% |
| Profit (loss) for the period to be appropriated | 9905 | €5,828 | €3,752 | -€2,076 | -35.6% |
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 24 October 2026 via checked.be.