ELDEVE: what changed
Two fiscal 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.
ELDEVE
Largest movements
- Tangible fixed assets +€50,526
up €50,526 (+12.4%), from €408,192 to €458,717
of which Plant, machinery and equipment: +€50,526
- Cash +€8,761
up €8,761 (+21.5%), from €40,842 to €49,602
mainly Other debts (+€71,000) and Net result for the year (+€58,845)
- Other debts +€71,000
up €71,000 (+208.8%), from €34,000 to €105,000
- Accrued charges and deferred income -€13,753
down €13,753 (-6.6%), from €207,164 to €193,411
- Profit (loss) carried forward +€8,845
up €8,845 (+13.4%), from €65,975 to €74,820
- Debts after one year -€6,644
down €6,644 (-11.6%), from €57,238 to €50,594
- Depreciation +€3,488
up €3,488 (+192.3%), from €1,813 to €5,302
- Gross operating margin +€2,524
up €2,524 (+3.0%), from €84,557 to €87,081
- Financial charges +€1,058
up €1,058 (+47.7%), from €2,217 to €3,274
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 | €449,102 | €508,837 | +€59,735 | +13.3% |
| Fixed assets | 21/28 | €408,192 | €458,717 | +€50,526 | +12.4% |
| Tangible fixed assets | 22/27 | €408,192 | €458,717 | +€50,526 | +12.4% |
| Plant, machinery and equipment | 23 | €8,192 | €58,717 | +€50,526 | +616.8% |
| Other tangible fixed assets | 26 | €400,000 | €400,000 | = | 0.0% |
| Current assets | 29/58 | €40,911 | €50,119 | +€9,209 | +22.5% |
| Amounts receivable within one year | 40/41 | €69 | €517 | +€448 | +649.7% |
| Other amounts receivable | 41 | €69 | €517 | +€448 | +649.7% |
| Cash at bank and in hand | 54/58 | €40,842 | €49,602 | +€8,761 | +21.5% |
| Total equity and liabilities | 10/49 | €449,102 | €508,837 | +€59,735 | +13.3% |
| Equity | 10/15 | €133,625 | €142,470 | +€8,845 | +6.6% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €6,150 | €6,150 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Profit (loss) carried forward | 14 | €65,975 | €74,820 | +€8,845 | +13.4% |
| Amounts payable | 17/49 | €315,477 | €366,367 | +€50,890 | +16.1% |
| Amounts payable after more than one year | 17 | €57,238 | €50,594 | -€6,644 | -11.6% |
| Financial debts | 170/4 | €57,238 | €50,594 | -€6,644 | -11.6% |
| Amounts payable within one year | 42/48 | €51,075 | €122,362 | +€71,287 | +139.6% |
| Current portion of amounts payable after more than one year | 42 | €6,487 | €6,644 | +€158 | +2.4% |
| Trade debts | 44 | €5,454 | €6,103 | +€649 | +11.9% |
| Suppliers | 440/4 | €5,454 | €6,103 | +€649 | +11.9% |
| Taxes, remuneration and social security | 45 | €5,134 | €4,615 | -€519 | -10.1% |
| Taxes | 450/3 | €5,134 | €4,615 | -€519 | -10.1% |
| Other amounts payable | 47/48 | €34,000 | €105,000 | +€71,000 | +208.8% |
| Accrued charges and deferred income | 492/3 | €207,164 | €193,411 | -€13,753 | -6.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,813 | €5,302 | +€3,488 | +192.3% |
| Other operating charges | 640/8 | €35 | €45 | +€10 | +28.6% |
| Gross operating margin | 9900 | €84,557 | €87,081 | +€2,524 | +3.0% |
| Operating profit (loss) | 9901 | €82,709 | €81,734 | -€974 | -1.2% |
| Financial charges | 65/66B | €2,217 | €3,274 | +€1,058 | +47.7% |
| Recurring financial charges | 65 | €2,217 | €3,274 | +€1,058 | +47.7% |
| Profit (loss) for the period before taxes | 9903 | €80,492 | €78,460 | -€2,032 | -2.5% |
| Income taxes | 67/77 | €20,134 | €19,615 | -€519 | -2.6% |
| Profit (loss) for the period | 9904 | €60,358 | €58,845 | -€1,513 | -2.5% |
| Profit (loss) for the period to be appropriated | 9905 | €60,358 | €58,845 | -€1,513 | -2.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.