ELISO: 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.
ELISO
Largest movements
- Cash -€129,117
down €129,117 (-69.3%), from €186,238 to €57,121
mainly Other debts (-€108,090) and Investment in fixed assets (net) (-€19,968)
- Tangible fixed assets +€15,243
up €15,243 (+180%), from €8,455 to €23,698
of which Furniture and vehicles: +€16,155
- Receivables within one year -€7,093
down €7,093 (-49.7%), from €14,283 to €7,190
of which Other amounts receivable: -€3,826
- Other debts -€108,090
down €108,090 (-52.7%), from €205,160 to €97,071
- Trade debts -€9,473
down €9,473 (-60.3%), from €15,703 to €6,230
- Profit (loss) carried forward -€5,888
down €5,888 (-5.3%), from -€111,045 to -€116,933
- Tax, wage and social debts +€2,736
up €2,736 (+148%), from €1,849 to €4,585
of which Taxes: +€1,902
- Gross operating margin +€29,927
up €29,927, from -€6,908 to €23,019
- Staff costs -€3,701
down €3,701 (-14.0%), from €26,438 to €22,737
- Other operating charges -€890
down €890 (-40.4%), from €2,201 to €1,311
- Depreciation +€660
up €660 (+16.2%), from €4,065 to €4,725
- Financial income +€352
up €352 (+40.7%), from €865 to €1,216
of which Financial income: +€1,023
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 | €213,613 | €92,899 | -€120,714 | -56.5% |
| Fixed assets | 21/28 | €9,955 | €25,198 | +€15,243 | +153% |
| Tangible fixed assets | 22/27 | €8,455 | €23,698 | +€15,243 | +180% |
| Land and buildings | 22 | €580 | €137 | -€442 | -76.3% |
| Plant, machinery and equipment | 23 | €1,526 | €1,056 | -€471 | -30.8% |
| Furniture and vehicles | 24 | €6,349 | €22,505 | +€16,155 | +254% |
| Financial fixed assets | 28 | €1,500 | €1,500 | = | 0.0% |
| Current assets | 29/58 | €203,658 | €67,701 | -€135,957 | -66.8% |
| Amounts receivable within one year | 40/41 | €14,283 | €7,190 | -€7,093 | -49.7% |
| Trade receivables | 40 | €4,952 | €1,684 | -€3,268 | -66.0% |
| Other amounts receivable | 41 | €9,332 | €5,506 | -€3,826 | -41.0% |
| Cash at bank and in hand | 54/58 | €186,238 | €57,121 | -€129,117 | -69.3% |
| Deferred charges and accrued income | 490/1 | €3,136 | €3,390 | +€253 | +8.1% |
| Total equity and liabilities | 10/49 | €213,613 | €92,899 | -€120,714 | -56.5% |
| Equity | 10/15 | -€9,099 | -€14,987 | -€5,888 | -64.7% |
| Contributions | 10/11 | €13,400 | €13,400 | = | 0.0% |
| Contributions outside capital | 11 | €13,400 | - | -€13,400 | |
| Share premium | 1100/10 | €13,400 | - | -€13,400 | |
| Reserves | 13 | €88,546 | €88,546 | = | 0.0% |
| Distributable reserves | 133 | €88,546 | €88,546 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€111,045 | -€116,933 | -€5,888 | -5.3% |
| Amounts payable | 17/49 | €222,712 | €107,886 | -€114,827 | -51.6% |
| Amounts payable within one year | 42/48 | €222,712 | €107,886 | -€114,827 | -51.6% |
| Trade debts | 44 | €15,703 | €6,230 | -€9,473 | -60.3% |
| Suppliers | 440/4 | €15,703 | €6,230 | -€9,473 | -60.3% |
| Taxes, remuneration and social security | 45 | €1,849 | €4,585 | +€2,736 | +148% |
| Taxes | 450/3 | - | €1,902 | +€1,902 | |
| Remuneration and social security | 454/9 | €1,849 | €2,683 | +€834 | +45.1% |
| Other amounts payable | 47/48 | €205,160 | €97,071 | -€108,090 | -52.7% |
| Non-recurring operating income | 76A | - | €85 | +€85 | |
| Remuneration, social security and pensions | 62 | €26,438 | €22,737 | -€3,701 | -14.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,065 | €4,725 | +€660 | +16.2% |
| Other operating charges | 640/8 | €2,201 | €1,311 | -€890 | -40.4% |
| Non-recurring operating charges | 66A | - | €75 | +€75 | |
| Gross operating margin | 9900 | -€6,908 | €23,019 | +€29,927 | |
| Operating profit (loss) | 9901 | -€39,612 | -€5,829 | +€33,783 | +85.3% |
| Financial income | 75/76B | €865 | €1,216 | +€352 | +40.7% |
| Recurring financial income | 75 | €194 | €1,216 | +€1,023 | +529% |
| Non-recurring financial income | 76B | €671 | €0 | -€671 | -100% |
| Financial charges | 65/66B | €518 | €372 | -€146 | -28.1% |
| Recurring financial charges | 65 | €285 | €372 | +€87 | +30.7% |
| Non-recurring financial charges | 66B | €233 | €0 | -€233 | -100% |
| Profit (loss) for the period before taxes | 9903 | -€39,265 | -€4,984 | +€34,281 | +87.3% |
| Income taxes | 67/77 | €620 | €903 | +€283 | +45.7% |
| Profit (loss) for the period | 9904 | -€39,885 | -€5,888 | +€33,998 | +85.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€39,885 | -€5,888 | +€33,998 | +85.2% |
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 22 October 2026 via checked.be.