ELEVATION
InactiveFinancials · financial year 2025, micro format
Equity
€72,545▲ 12.3%
2024 · €64,625
Total assets
€107,412▲ 54.4%
2024 · €69,562
Net result
€7,920▼ 38.8%
2024 · €12,941
Working capital
€70,834▲ 13.9%
2024 · €62,164
Trend over the years
2021 to 2025, 5 financial years 2019 to 2025, 7 financial years
The operating result falls in 2025; 2025 is 17% below 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€14,227
2025
Net result€7,920
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€107,412
2025
Equity€72,545
2025
Debt€34,868
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€70,834
2025
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line2019202020212022202320242025
Operating result€3,336-€5,589▲ 67.5%€12,726▲ 128%€2,564▼ 79.9%€12,266▲ 378%€17,187▲ 40.1%€14,227▼ 17.2%
Net result€1,182-€1,803▲ 52.6%€11,545▲ 540%-€962€10,969€12,941▲ 18.0%€7,920▼ 38.8%
Equity€28,329-€30,132▲ 6.4%€41,677▲ 38.3%€40,715▼ 2.3%€51,684▲ 26.9%€64,625▲ 25.0%€72,545▲ 12.3%
Total assets€32,429-€40,989▲ 26.4%€50,381▲ 22.9%€46,866▼ 7.0%€63,054▲ 34.5%€69,562▲ 10.3%€107,412▲ 54.4%
Debt€4,101-€10,857▲ 165%€8,704▼ 19.8%€6,151▼ 29.3%€11,370▲ 84.8%€4,937▼ 56.6%€34,868▲ 606%
Working capital€26,671-€19,889▼ 25.4%€35,420▲ 78.1%€35,784▲ 1.0%€48,078▲ 34.4%€62,164▲ 29.3%€70,834▲ 13.9%
Turnover and EBIT margin not published: the micro format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €107,412
Fixed assets
€1,710 ▼ 30.5%
Current assets
€105,702 ▲ 57.5%
Equity and liabilities €107,412
Equity
€72,545 ▲ 12.3%
Debt
€34,868 ▲ 606%
Debt's share of the balance-sheet total rises from 7.1% to 32.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€14,977▼
2024 · €32,190
Cash flow
€8,670▼
2024 · €27,945
Current ratio
3.03▼
2024 · 13.59
Debt to equity
0.48▲
2024 · 0.08
ROE
10.9%▼
2024 · 20.0%
ROA
7.4%▼
2024 · 18.6%
Interest coverage
over 100
2024 · over 100
Debt ≤ 1 year
€34,868▲
2024 · €4,937
Income taxes
€6,167▲
2024 · €4,125
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | - | - | €240 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,856 | €1,941 | €852 | €1,325 | €1,325 | €15,003 | €751 | ▼ 95.0% |
| Other operating charges640/8 | - | - | - | €597 | €557 | €3,713 | €387 | ▼ 89.6% |
| Gross operating margin9900 | €6,192 | €9,575 | €14,344 | €4,486 | €14,148 | €36,143 | €15,365 | ▼ 57.5% |
| Operating profit (loss)9901 | €3,336 | €5,589 | €12,726 | €2,564 | €12,266 | €17,187 | €14,227 | ▼ 17.2% |
| Financial income75/76B | - | - | - | €0 | - | - | - | - |
| Recurring financial income75 | - | - | - | €0 | - | - | - | - |
| Financial charges65/66B | - | - | - | €100 | €100 | €120 | €140 | ▲ 16.7% |
| Recurring financial charges65 | €34 | €52 | €79 | €100 | €100 | €120 | €140 | ▲ 16.7% |
| Profit (loss) for the period before taxes9903 | €3,302 | €5,537 | €12,647 | €2,464 | €12,166 | €17,067 | €14,087 | ▼ 17.5% |
| Income taxes67/77 | €2,120 | €3,734 | €1,102 | €3,425 | €1,197 | €4,125 | €6,167 | ▲ 49.5% |
| Profit (loss) for the period9904 | €1,182 | €1,803 | €11,545 | -€962 | €10,969 | €12,941 | €7,920 | ▼ 38.8% |
| Transfer to tax-exempt reserves689 | - | - | - | - | - | - | €7,500 | - |
| Profit (loss) for the period to be appropriated9905 | €1,182 | €1,803 | €11,545 | -€962 | €10,969 | €12,941 | €420 | ▼ 96.8% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €32,429 | €40,989 | €50,381 | €46,866 | €63,054 | €69,562 | €107,412 | ▲ 54.4% |
| Fixed assets21/28 | €1,658 | €10,242 | €6,256 | €4,931 | €3,606 | €2,461 | €1,710 | ▼ 30.5% |
| Tangible fixed assets22/27 | €1,658 | €10,242 | €6,256 | €4,931 | €3,606 | €2,461 | €1,710 | ▼ 30.5% |
| Furniture and vehicles24 | - | - | - | €4,931 | €3,606 | €2,461 | €1,710 | ▼ 30.5% |
| Current assets29/58 | €30,772 | €30,746 | €44,124 | €41,935 | €59,448 | €67,101 | €105,702 | ▲ 57.5% |
| Amounts receivable within one year40/41 | €25,232 | €17,837 | €14,585 | €19,543 | €14,714 | €15,849 | €218 | ▼ 98.6% |
| Trade receivables40 | - | - | - | €11,229 | €14,714 | €14,944 | - | - |
| Other amounts receivable41 | - | - | - | €8,314 | - | €905 | €218 | ▼ 75.9% |
| Cash at bank and in hand54/58 | €5,540 | €12,909 | €29,540 | €22,392 | €44,734 | €51,252 | €105,484 | ▲ 106% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €32,429 | €40,989 | €50,381 | €46,866 | €63,054 | €69,562 | €107,412 | ▲ 54.4% |
| Equity10/15 | €28,329 | €30,132 | €41,677 | €40,715 | €51,684 | €64,625 | €72,545 | ▲ 12.3% |
| Contributions10/11 | €12,400 | €12,400 | €12,400 | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Capital10 | - | - | - | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Issued capital100 | - | - | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Uncalled capital101 | - | - | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €5,490 | €11,860 | €11,860 | €11,860 | €21,860 | €31,860 | €39,360 | ▲ 23.5% |
| Non-distributable reserves130/1 | - | - | - | €6,860 | €16,860 | €6,860 | €6,860 | = |
| Legal reserve130 | - | - | - | €6,860 | €16,860 | €6,860 | €6,860 | = |
| Tax-exempt reserves132 | - | - | - | €5,000 | €5,000 | €25,000 | €32,500 | ▲ 30.0% |
| Profit (loss) carried forward14 | €10,438 | €5,872 | €17,417 | €16,455 | €17,424 | €20,365 | €20,785 | ▲ 2.1% |
| Amounts payable17/49 | €4,101 | €10,857 | €8,704 | €6,151 | €11,370 | €4,937 | €34,868 | ▲ 606% |
| Amounts payable within one year42/48 | €4,101 | €10,857 | €8,704 | €6,151 | €11,370 | €4,937 | €34,868 | ▲ 606% |
| Trade debts44 | €1,896 | €2,559 | €3,406 | €2,151 | €5,476 | €835 | €1,204 | ▲ 44.3% |
| Suppliers440/4 | - | - | - | €2,151 | €5,476 | €835 | €1,204 | ▲ 44.3% |
| Taxes, remuneration and social security45 | - | - | - | €4,000 | €5,895 | €4,000 | €25,236 | ▲ 531% |
| Taxes450/3 | - | - | - | €1,264 | €3,159 | €1,264 | €4,219 | ▲ 234% |
| Remuneration and social security454/9 | - | - | - | €2,736 | €2,736 | €2,736 | €21,017 | ▲ 668% |
| Other amounts payable47/48 | - | - | - | - | - | €102 | €8,428 | ▲ 8,141% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1,182 | €1,803 | €11,545 | -€962 | €10,969 | €12,941 | €7,920 | ▼ 38.8% |
| + Depreciation and write-downs630 | €1,856 | €1,941 | €852 | €1,325 | €1,325 | €15,003 | €751 | ▼ 95.0% |
| Operating cash flow (approximation) | €3,038 | €3,744 | €12,397 | €363 | €12,294 | €27,945 | €8,670 | ▼ 69.0% |
| Investment in fixed assets (approximation) | - | -€10,526 | €3,134 | €0 | €0 | -€13,858 | €0 | ▲ 100% |
| Change in cash | - | €7,369 | €16,631 | -€7,147 | €22,342 | €6,518 | €54,232 | ▲ 732% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Public contracts: not fully processed yet. The notices from June 2023 to September 2026 are still being read.