ELATAN: 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.
What changed
ELATAN
NACE 68.110, Buying and selling of own real estate
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€21,238
2024 · €49,283-€70,521
Equity
€3.3m
2024 · €3.3m-€21,238
Cash
€201,709
2024 · €179,434+€22,275
Balance sheet total
€9.4m
2024 · €9.7m-€365,463
Largest movements
Assets
- Tangible fixed assets -€315,712
down €315,712 (-3.4%), from €9.3m to €9.0m
Equity and liabilities
- Debts after one year -€366,874
down €366,874 (-7.9%), from €4.7m to €4.3m
Income statement
- Turnover -€61,076
down €61,076 (-9.7%), from €629,116 to €568,040
- Other operating charges +€12,684
up €12,684 (+17.0%), from €74,478 to €87,161
- Financial charges -€7,451
down €7,451 (-4.1%), from €182,871 to €175,420
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.
Result 2024
€49,283
Turnover
-€61,076
Services and other goods
-€3,729
Depreciation
-€306
Other operating charges
-€12,684
Financial income
+€3
Financial charges
+€7,451
Taxes
-€180
Result 2025
-€21,238
raises the resultlowers the result
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.
From operations
+€382,248
Investment
-€422
Financing
-€359,551
Cash 2024
€179,434
From operations (derived)
+€382,248
Net result for the year
-€21,238
Depreciation
+€315,712
Receivables within one year
+€72,447
Trade debts
-€1,251
Tax, wage and social debts
+€15,012
Other debts
+€1,565
Investment (derived)
-€422
Current investments
-€422
Financing
-€359,551
Debts after one year
-€366,874
Current portion of long-term debt
+€7,323
Cash 2025
€201,709
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €9,740,810 | €9,375,347 | -€365,463 | -3.8% |
| Fixed assets | 21/28 | €9,331,003 | €9,015,291 | -€315,712 | -3.4% |
| Tangible fixed assets | 22/27 | €9,331,003 | €9,015,291 | -€315,712 | -3.4% |
| Land and buildings | 22 | €9,331,003 | €9,015,291 | -€315,712 | -3.4% |
| Current assets | 29/58 | €409,807 | €360,056 | -€49,751 | -12.1% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €129,905 | €57,458 | -€72,447 | -55.8% |
| Trade receivables | 40 | €129,725 | €57,277 | -€72,448 | -55.8% |
| Other amounts receivable | 41 | €180 | €181 | +€1 | +0.4% |
| Current investments | 50/53 | €100,467 | €100,889 | +€422 | +0.4% |
| Other investments | 51/53 | €100,467 | €100,889 | +€422 | +0.4% |
| Cash at bank and in hand | 54/58 | €179,434 | €201,709 | +€22,275 | +12.4% |
| Total equity and liabilities | 10/49 | €9,740,810 | €9,375,347 | -€365,463 | -3.8% |
| Equity | 10/15 | €3,276,458 | €3,255,221 | -€21,238 | -0.6% |
| Contributions | 10/11 | €3,626,000 | €3,626,000 | = | 0.0% |
| Capital | 10 | €3,626,000 | €3,626,000 | = | 0.0% |
| Issued capital | 100 | €3,626,000 | €3,626,000 | = | 0.0% |
| Reserves | 13 | €340 | €340 | = | 0.0% |
| Non-distributable reserves | 130/1 | €340 | €340 | = | 0.0% |
| Legal reserve | 130 | €340 | €340 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€349,882 | -€371,120 | -€21,238 | -6.1% |
| Amounts payable | 17/49 | €6,464,352 | €6,120,126 | -€344,225 | -5.3% |
| Amounts payable after more than one year | 17 | €4,660,130 | €4,293,255 | -€366,874 | -7.9% |
| Financial debts | 170/4 | €4,660,130 | €4,293,255 | -€366,874 | -7.9% |
| Credit institutions | 173 | €4,660,130 | €4,293,255 | -€366,874 | -7.9% |
| Amounts payable within one year | 42/48 | €1,756,886 | €1,779,535 | +€22,649 | +1.3% |
| Current portion of amounts payable after more than one year | 42 | €359,551 | €366,874 | +€7,323 | +2.0% |
| Trade debts | 44 | €2,874 | €1,623 | -€1,251 | -43.5% |
| Suppliers | 440/4 | €2,874 | €1,623 | -€1,251 | -43.5% |
| Taxes, remuneration and social security | 45 | €29,461 | €44,472 | +€15,012 | +51.0% |
| Taxes | 450/3 | €29,461 | €44,472 | +€15,012 | +51.0% |
| Other amounts payable | 47/48 | €1,365,000 | €1,366,565 | +€1,565 | +0.1% |
| Accrued charges and deferred income | 492/3 | €47,337 | €47,337 | = | 0.0% |
| Operating income | 70/76A | €629,116 | €568,040 | -€61,076 | -9.7% |
| Turnover | 70 | €629,116 | €568,040 | -€61,076 | -9.7% |
| Operating charges | 60/66A | €397,562 | €414,280 | +€16,718 | +4.2% |
| Services and other goods | 61 | €7,678 | €11,407 | +€3,729 | +48.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €315,407 | €315,712 | +€306 | +0.1% |
| Other operating charges | 640/8 | €74,478 | €87,161 | +€12,684 | +17.0% |
| Operating profit (loss) | 9901 | €231,554 | €153,760 | -€77,794 | -33.6% |
| Financial income | 75/76B | €600 | €602 | +€3 | +0.4% |
| Recurring financial income | 75 | €600 | €602 | +€3 | +0.4% |
| Income from current assets | 751 | €600 | €602 | +€3 | +0.4% |
| Other financial income | 752/9 | €0 | - | = | |
| Financial charges | 65/66B | €182,871 | €175,420 | -€7,451 | -4.1% |
| Recurring financial charges | 65 | €182,871 | €175,420 | -€7,451 | -4.1% |
| Debt charges | 650 | €182,675 | €175,217 | -€7,458 | -4.1% |
| Other financial charges | 652/9 | €196 | €203 | +€7 | +3.7% |
| Profit (loss) for the period before taxes | 9903 | €49,283 | -€21,058 | -€70,341 | |
| Income taxes | 67/77 | - | €180 | +€180 | |
| Taxes | 670/3 | - | €180 | +€180 | |
| Profit (loss) for the period | 9904 | €49,283 | -€21,238 | -€70,521 | |
| Profit (loss) for the period to be appropriated | 9905 | €49,283 | -€21,238 | -€70,521 |
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 25 October 2026 via checked.be.