ELANVI: 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.
ELANVI
Largest movements
- Receivables after one year +€826,786
up €826,786 (+150.0%), from €551,256 to €1.4m
of which Other amounts receivable: +€826,786
- Stocks and contracts +€525,477
new in 2025: €525,477
- Receivables within one year +€71,271
up €71,271 (+127.6%), from €55,860 to €127,132
of which Other amounts receivable: +€88,807
- Tangible fixed assets -€33,597
down €33,597 (-20.9%), from €160,592 to €126,995
of which Furniture and vehicles: -€32,119
- Cash +€32,614
up €32,614 (+69.4%), from €47,024 to €79,638
mainly Net result for the year (+€1.0m) and Other debts (+€229,337)
- Profit (loss) carried forward +€1.0m
new in 2025: €1.0m
- Other debts +€229,337
up €229,337 (+35.5%), from €645,796 to €875,134
- Debts after one year +€122,666
up €122,666 (+116.8%), from €104,983 to €227,649
- Financial income +€629,594
up €629,594 (+133.4%), from €471,925 to €1.1m
- Gross operating margin -€63,690
down €63,690, from €46,350 to -€17,340
- Taxes -€10,563
down €10,563 (-94.3%), from €11,204 to €641
- Depreciation +€10,447
up €10,447 (+43.1%), from €24,266 to €34,713
- Financial charges +€8,481
up €8,481 (+478.7%), from €1,772 to €10,253
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.
Cash bridge derived
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 | €1,422,995 | €2,815,267 | +€1.4m | +97.8% |
| Fixed assets | 21/28 | €766,308 | €702,511 | -€63,797 | -8.3% |
| Tangible fixed assets | 22/27 | €160,592 | €126,995 | -€33,597 | -20.9% |
| Plant, machinery and equipment | 23 | €6,630 | €5,152 | -€1,478 | -22.3% |
| Furniture and vehicles | 24 | €149,376 | €117,257 | -€32,119 | -21.5% |
| Other tangible fixed assets | 26 | €4,586 | €4,586 | = | 0.0% |
| Financial fixed assets | 28 | €605,716 | €575,516 | -€30,200 | -5.0% |
| Current assets | 29/58 | €656,686 | €2,112,756 | +€1.5m | +221.7% |
| Amounts receivable after more than one year | 29 | €551,256 | €1,378,042 | +€826,786 | +150.0% |
| Trade receivables | 290 | €0 | - | = | |
| Other amounts receivable | 291 | €551,256 | €1,378,042 | +€826,786 | +150.0% |
| Stocks and contracts in progress | 3 | - | €525,477 | +€525,477 | |
| Stocks | 30/36 | - | €525,477 | +€525,477 | |
| Amounts receivable within one year | 40/41 | €55,860 | €127,132 | +€71,271 | +127.6% |
| Trade receivables | 40 | €54,550 | €37,014 | -€17,536 | -32.1% |
| Other amounts receivable | 41 | €1,310 | €90,117 | +€88,807 | +6776.8% |
| Cash at bank and in hand | 54/58 | €47,024 | €79,638 | +€32,614 | +69.4% |
| Deferred charges and accrued income | 490/1 | €2,546 | €2,468 | -€78 | -3.1% |
| Total equity and liabilities | 10/49 | €1,422,995 | €2,815,267 | +€1.4m | +97.8% |
| Equity | 10/15 | €636,971 | €1,673,447 | +€1.0m | +162.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €618,371 | €618,371 | = | 0.0% |
| Distributable reserves | 133 | €618,371 | €618,371 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €1,036,477 | +€1.0m | |
| Amounts payable | 17/49 | €786,024 | €1,141,819 | +€355,796 | +45.3% |
| Amounts payable after more than one year | 17 | €104,983 | €227,649 | +€122,666 | +116.8% |
| Financial debts | 170/4 | €104,983 | €227,649 | +€122,666 | +116.8% |
| Amounts payable within one year | 42/48 | €681,040 | €914,170 | +€233,130 | +34.2% |
| Current portion of amounts payable after more than one year | 42 | €26,412 | €27,334 | +€922 | +3.5% |
| Financial debts | 43 | €217 | €1,767 | +€1,550 | +712.8% |
| Credit institutions | 430/8 | €217 | €1,767 | +€1,550 | +712.8% |
| Trade debts | 44 | €888 | €1,164 | +€276 | +31.1% |
| Suppliers | 440/4 | €888 | €1,164 | +€276 | +31.1% |
| Taxes, remuneration and social security | 45 | €7,726 | €8,771 | +€1,045 | +13.5% |
| Taxes | 450/3 | €7,726 | €8,771 | +€1,045 | +13.5% |
| Other amounts payable | 47/48 | €645,796 | €875,134 | +€229,337 | +35.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,266 | €34,713 | +€10,447 | +43.1% |
| Other operating charges | 640/8 | €1,019 | €1,899 | +€881 | +86.5% |
| Non-recurring operating charges | 66A | - | €197 | +€197 | |
| Gross operating margin | 9900 | €46,350 | -€17,340 | -€63,690 | |
| Operating profit (loss) | 9901 | €21,066 | -€54,148 | -€75,214 | |
| Financial income | 75/76B | €471,925 | €1,101,519 | +€629,594 | +133.4% |
| Recurring financial income | 75 | €471,925 | €1,101,519 | +€629,594 | +133.4% |
| Financial charges | 65/66B | €1,772 | €10,253 | +€8,481 | +478.7% |
| Recurring financial charges | 65 | €1,772 | €10,253 | +€8,481 | +478.7% |
| Profit (loss) for the period before taxes | 9903 | €491,219 | €1,037,118 | +€545,899 | +111.1% |
| Income taxes | 67/77 | €11,204 | €641 | -€10,563 | -94.3% |
| Profit (loss) for the period | 9904 | €480,015 | €1,036,477 | +€556,461 | +115.9% |
| Profit (loss) for the period to be appropriated | 9905 | €480,015 | €1,036,477 | +€556,461 | +115.9% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.