E.L.V.R.: what changed
What changed
E.L.V.R.
NACE 01.250, Crop and animal production, hunting and related service activities
filed annual accounts (NBB)
Net result for the year
-€170,696
2024 · €82,373-€253,069
Equity
€165,051
2024 · €335,747-€170,696
Cash
€25,800
2024 · €163,245-€137,445
Balance sheet total
€837,150
2024 · €966,795-€129,644
Largest movements
Assets
- Cash -€137,445
down €137,445 (-84.2%), from €163,245 to €25,800
mainly Net result for the year (-€170,696) and Receivables within one year (-€91,885)
- Receivables within one year +€91,885
up €91,885 (+1,925%), from €4,772 to €96,658
of which Trade receivables: +€69,257
- Tangible fixed assets -€89,257
down €89,257 (-16.5%), from €539,953 to €450,697
of which Land and buildings: -€46,464
Equity and liabilities
- Profit (loss) carried forward -€170,696
down €170,696 (-19.7%), from -€867,053 to -€1.0m
- Trade debts +€81,738
up €81,738 (+745%), from €10,972 to €92,710
- Debts after one year -€43,086
down €43,086 (-23.5%), from €183,310 to €140,224
Income statement
- Gross operating margin -€293,036
down €293,036, from €233,843 to -€59,193
- Staff costs -€39,364
down €39,364 (-79.0%), from €49,812 to €10,448
- Depreciation -€3,670
down €3,670 (-4.3%), from €84,716 to €81,045
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€82,373
Gross operating margin
-€293,036
Staff costs
+€39,364
Depreciation
+€3,670
Other operating charges
+€475
Other operating items
-€4,466
Financial income
-€1,235
Financial charges
+€2,140
Taxes
+€19
Result 2025
-€170,696
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€102,964
Investment
+€8,211
Financing
-€42,692
Cash 2024
€163,245
From operations (derived)
-€102,964
Net result for the year
-€170,696
Depreciation
+€81,045
Stocks and contracts
-€7,379
Receivables within one year
-€91,885
Deferred charges and accrued income
+€2,207
Trade debts
+€81,738
Tax, wage and social debts
+€5,513
Other debts
-€3,722
Accrued charges and deferred income
+€215
Investment (derived)
+€8,211
Investment in fixed assets (net)
+€8,211
Financing
-€42,692
Debts after one year
-€43,086
Current portion of long-term debt
+€394
Cash 2025
€25,800
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €966,795 | €837,150 | -€129,644 | -13.4% |
| Fixed assets | 21/28 | €540,078 | €450,822 | -€89,257 | -16.5% |
| Tangible fixed assets | 22/27 | €539,953 | €450,697 | -€89,257 | -16.5% |
| Land and buildings | 22 | €295,456 | €248,992 | -€46,464 | -15.7% |
| Plant, machinery and equipment | 23 | €233,578 | €201,705 | -€31,874 | -13.6% |
| Furniture and vehicles | 24 | €10,920 | - | -€10,920 | |
| Financial fixed assets | 28 | €125 | €125 | = | 0.0% |
| Current assets | 29/58 | €426,716 | €386,329 | -€40,388 | -9.5% |
| Stocks and contracts in progress | 3 | €254,420 | €261,799 | +€7,379 | +2.9% |
| Stocks | 30/36 | €254,420 | €261,799 | +€7,379 | +2.9% |
| Amounts receivable within one year | 40/41 | €4,772 | €96,658 | +€91,885 | +1,925% |
| Trade receivables | 40 | €1,106 | €70,362 | +€69,257 | +6,264% |
| Other amounts receivable | 41 | €3,667 | €26,295 | +€22,629 | +617% |
| Cash at bank and in hand | 54/58 | €163,245 | €25,800 | -€137,445 | -84.2% |
| Deferred charges and accrued income | 490/1 | €4,279 | €2,071 | -€2,207 | -51.6% |
| Total equity and liabilities | 10/49 | €966,795 | €837,150 | -€129,644 | -13.4% |
| Equity | 10/15 | €335,747 | €165,051 | -€170,696 | -50.8% |
| Contributions | 10/11 | €1,201,000 | €1,201,000 | = | 0.0% |
| Capital | 10 | €1,201,000 | €1,201,000 | = | 0.0% |
| Issued capital | 100 | €1,201,000 | €1,201,000 | = | 0.0% |
| Reserves | 13 | €1,800 | €1,800 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,800 | €1,800 | = | 0.0% |
| Legal reserve | 130 | €1,800 | €1,800 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€867,053 | -€1,037,749 | -€170,696 | -19.7% |
| Amounts payable | 17/49 | €631,048 | €672,099 | +€41,052 | +6.5% |
| Amounts payable after more than one year | 17 | €183,310 | €140,224 | -€43,086 | -23.5% |
| Financial debts | 170/4 | €183,310 | €140,224 | -€43,086 | -23.5% |
| Amounts payable within one year | 42/48 | €445,592 | €529,515 | +€83,923 | +18.8% |
| Current portion of amounts payable after more than one year | 42 | €42,692 | €43,086 | +€394 | +0.9% |
| Trade debts | 44 | €10,972 | €92,710 | +€81,738 | +745% |
| Suppliers | 440/4 | €10,972 | €92,710 | +€81,738 | +745% |
| Taxes, remuneration and social security | 45 | €227 | €5,740 | +€5,513 | +2,430% |
| Taxes | 450/3 | €227 | €1,621 | +€1,394 | +615% |
| Remuneration and social security | 454/9 | - | €4,119 | +€4,119 | |
| Other amounts payable | 47/48 | €391,701 | €387,979 | -€3,722 | -1.0% |
| Accrued charges and deferred income | 492/3 | €2,146 | €2,361 | +€215 | +10.0% |
| Non-recurring operating income | 76A | €71,143 | €1,000 | -€70,143 | -98.6% |
| Remuneration, social security and pensions | 62 | €49,812 | €10,448 | -€39,364 | -79.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €84,716 | €81,045 | -€3,670 | -4.3% |
| Other operating charges | 640/8 | €6,208 | €5,733 | -€475 | -7.7% |
| Non-recurring operating charges | 66A | - | €4,466 | +€4,466 | |
| Gross operating margin | 9900 | €233,843 | -€59,193 | -€293,036 | |
| Operating profit (loss) | 9901 | €93,108 | -€160,884 | -€253,992 | |
| Financial income | 75/76B | €1,310 | €75 | -€1,235 | -94.3% |
| Recurring financial income | 75 | €1,310 | €75 | -€1,235 | -94.3% |
| Financial charges | 65/66B | €11,818 | €9,679 | -€2,140 | -18.1% |
| Recurring financial charges | 65 | €11,818 | €9,679 | -€2,140 | -18.1% |
| Profit (loss) for the period before taxes | 9903 | €82,600 | -€170,488 | -€253,088 | |
| Income taxes | 67/77 | €227 | €208 | -€19 | -8.3% |
| Profit (loss) for the period | 9904 | €82,373 | -€170,696 | -€253,069 | |
| Profit (loss) for the period to be appropriated | 9905 | €82,373 | -€170,696 | -€253,069 |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.