Elba LVD: 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.
Elba LVD
Largest movements
- Cash +€61,867
up €61,867 (+753%), from €8,211 to €70,078
mainly Other debts (+€108,542) and Net result for the year (+€62,056)
- Tangible fixed assets -€7,549
down €7,549 (-44.2%), from €17,087 to €9,538
of which Furniture and vehicles: -€7,420
- Receivables within one year -€6,280
down €6,280 (-10.6%), from €59,390 to €53,110
of which Trade receivables: -€6,487
- Other debts +€108,542
up €108,542 (+8,142%), from €1,333 to €109,875
- Reserves -€64,750
no longer reported in 2025 (was €64,750)
- Tax, wage and social debts +€1,945
up €1,945 (+14.4%), from €13,480 to €15,425
- Trade debts +€1,759
up €1,759 (+53.4%), from €3,296 to €5,055
- Gross operating margin -€7,026
down €7,026 (-7.5%), from €93,340 to €86,314
- Depreciation -€3,823
down €3,823 (-43.7%), from €8,741 to €4,918
- Taxes -€965
down €965 (-5.1%), from €19,100 to €18,135
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 | €85,859 | €133,355 | +€47,496 | +55.3% |
| Fixed assets | 21/28 | €17,087 | €9,538 | -€7,549 | -44.2% |
| Tangible fixed assets | 22/27 | €17,087 | €9,538 | -€7,549 | -44.2% |
| Plant, machinery and equipment | 23 | €7,049 | €6,920 | -€129 | -1.8% |
| Furniture and vehicles | 24 | €10,038 | €2,619 | -€7,420 | -73.9% |
| Current assets | 29/58 | €68,773 | €123,817 | +€55,044 | +80.0% |
| Amounts receivable within one year | 40/41 | €59,390 | €53,110 | -€6,280 | -10.6% |
| Trade receivables | 40 | €58,722 | €52,235 | -€6,487 | -11.0% |
| Other amounts receivable | 41 | €668 | €875 | +€207 | +31.0% |
| Cash at bank and in hand | 54/58 | €8,211 | €70,078 | +€61,867 | +753% |
| Deferred charges and accrued income | 490/1 | €1,172 | €629 | -€543 | -46.4% |
| Total equity and liabilities | 10/49 | €85,859 | €133,355 | +€47,496 | +55.3% |
| Equity | 10/15 | €67,750 | €3,000 | -€64,750 | -95.6% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €64,750 | - | -€64,750 | |
| Distributable reserves | 133 | €64,750 | - | -€64,750 | |
| Amounts payable | 17/49 | €18,110 | €130,355 | +€112,246 | +620% |
| Amounts payable within one year | 42/48 | €18,110 | €130,355 | +€112,246 | +620% |
| Trade debts | 44 | €3,296 | €5,055 | +€1,759 | +53.4% |
| Suppliers | 440/4 | €3,296 | €5,055 | +€1,759 | +53.4% |
| Taxes, remuneration and social security | 45 | €13,480 | €15,425 | +€1,945 | +14.4% |
| Taxes | 450/3 | €13,480 | €15,425 | +€1,945 | +14.4% |
| Other amounts payable | 47/48 | €1,333 | €109,875 | +€108,542 | +8,142% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,741 | €4,918 | -€3,823 | -43.7% |
| Other operating charges | 640/8 | €1,083 | €1,077 | -€7 | -0.6% |
| Gross operating margin | 9900 | €93,340 | €86,314 | -€7,026 | -7.5% |
| Operating profit (loss) | 9901 | €83,515 | €80,319 | -€3,196 | -3.8% |
| Financial income | 75/76B | €11 | - | -€11 | |
| Recurring financial income | 75 | €11 | - | -€11 | |
| Financial charges | 65/66B | €134 | €128 | -€7 | -5.2% |
| Recurring financial charges | 65 | €134 | €128 | -€7 | -5.2% |
| Profit (loss) for the period before taxes | 9903 | €83,392 | €80,191 | -€3,200 | -3.8% |
| Income taxes | 67/77 | €19,100 | €18,135 | -€965 | -5.1% |
| Profit (loss) for the period | 9904 | €64,292 | €62,056 | -€2,236 | -3.5% |
| Profit (loss) for the period to be appropriated | 9905 | €64,292 | €62,056 | -€2,236 | -3.5% |
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 24 October 2026 via checked.be.