TER ELST: 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.
TER ELST
Largest movements
- Receivables within one year -€252
down €252 (-100%), from €252 to €0
- Tangible fixed assets -€62
down €62 (-43.5%), from €143 to €81
- Other debts +€3,547
up €3,547 (+12.0%), from €29,677 to €33,223
- Trade debts -€2,533
down €2,533 (-72.7%), from €3,482 to €949
- Profit (loss) carried forward -€1,065
down €1,065 (-2.9%), from -€36,410 to -€37,475
- Tax, wage and social debts -€263
down €263 (-39.7%), from €663 to €400
- Gross operating margin +€12,424
up €12,424 (+96.5%), from -€12,875 to -€451
- Financial charges -€332
down €332 (-75.5%), from €440 to €108
- Other operating charges -€273
down €273 (-38.1%), from €718 to €444
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 | €411 | €97 | -€315 | -76.5% |
| Fixed assets | 21/28 | €143 | €81 | -€62 | -43.5% |
| Tangible fixed assets | 22/27 | €143 | €81 | -€62 | -43.5% |
| Furniture and vehicles | 24 | €143 | €81 | -€62 | -43.5% |
| Current assets | 29/58 | €268 | €16 | -€252 | -94.1% |
| Amounts receivable within one year | 40/41 | €252 | €0 | -€252 | -100% |
| Other amounts receivable | 41 | €252 | €0 | -€252 | -100% |
| Cash at bank and in hand | 54/58 | €16 | €16 | -€0 | -0.4% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €411 | €97 | -€315 | -76.5% |
| Equity | 10/15 | -€33,410 | -€34,475 | -€1,065 | -3.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€36,410 | -€37,475 | -€1,065 | -2.9% |
| Amounts payable | 17/49 | €33,821 | €34,572 | +€751 | +2.2% |
| Amounts payable within one year | 42/48 | €33,821 | €34,572 | +€751 | +2.2% |
| Trade debts | 44 | €3,482 | €949 | -€2,533 | -72.7% |
| Suppliers | 440/4 | €3,482 | €949 | -€2,533 | -72.7% |
| Taxes, remuneration and social security | 45 | €663 | €400 | -€263 | -39.7% |
| Taxes | 450/3 | €663 | €400 | -€263 | -39.7% |
| Other amounts payable | 47/48 | €29,677 | €33,223 | +€3,547 | +12.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €62 | €62 | = | 0.0% |
| Other operating charges | 640/8 | €718 | €444 | -€273 | -38.1% |
| Gross operating margin | 9900 | -€12,875 | -€451 | +€12,424 | +96.5% |
| Operating profit (loss) | 9901 | -€13,655 | -€957 | +€12,698 | +93.0% |
| Financial income | 75/76B | €3 | €0 | -€3 | -100% |
| Recurring financial income | 75 | €3 | €0 | -€3 | -100% |
| Financial charges | 65/66B | €440 | €108 | -€332 | -75.5% |
| Recurring financial charges | 65 | €440 | €108 | -€332 | -75.5% |
| Profit (loss) for the period before taxes | 9903 | -€14,092 | -€1,065 | +€13,027 | +92.4% |
| Income taxes | 67/77 | €61 | €0 | -€61 | -100% |
| Profit (loss) for the period | 9904 | -€14,153 | -€1,065 | +€13,088 | +92.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€14,153 | -€1,065 | +€13,088 | +92.5% |
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 21 October 2026 via checked.be.