ELEV8IT: 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.
ELEV8IT
Largest movements
- Receivables within one year +€41,669
up €41,669 (+23.0%), from €180,867 to €222,536
of which Trade receivables: +€49,686
- Cash +€27,896
up €27,896 (+47.1%), from €59,182 to €87,078
mainly Net result for the year (+€50,298) and Trade debts (+€27,692)
- Tangible fixed assets -€8,140
down €8,140 (-12.0%), from €67,865 to €59,725
of which Furniture and vehicles: -€5,871
- Profit (loss) carried forward +€50,298
up €50,298 (+75.9%), from €66,275 to €116,573
- Trade debts +€27,692
up €27,692 (+36.7%), from €75,418 to €103,110
- Debts after one year -€19,589
no longer reported in 2025 (was €19,589)
- Staff costs -€67,711
down €67,711 (-12.1%), from €560,840 to €493,129
- Gross operating margin -€44,592
down €44,592 (-7.0%), from €635,253 to €590,661
- Taxes -€21,099
down €21,099 (-44.9%), from €46,991 to €25,892
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 | €345,275 | €404,731 | +€59,456 | +17.2% |
| Fixed assets | 21/28 | €82,071 | €71,681 | -€10,390 | -12.7% |
| Intangible fixed assets | 21 | €14,206 | €11,956 | -€2,250 | -15.8% |
| Tangible fixed assets | 22/27 | €67,865 | €59,725 | -€8,140 | -12.0% |
| Plant, machinery and equipment | 23 | €12,710 | €10,441 | -€2,269 | -17.9% |
| Furniture and vehicles | 24 | €55,155 | €49,284 | -€5,871 | -10.6% |
| Current assets | 29/58 | €263,204 | €333,050 | +€69,846 | +26.5% |
| Stocks and contracts in progress | 3 | €1,812 | - | -€1,812 | |
| Stocks | 30/36 | €1,812 | - | -€1,812 | |
| Amounts receivable within one year | 40/41 | €180,867 | €222,536 | +€41,669 | +23.0% |
| Trade receivables | 40 | €172,531 | €222,217 | +€49,686 | +28.8% |
| Other amounts receivable | 41 | €8,336 | €319 | -€8,017 | -96.2% |
| Cash at bank and in hand | 54/58 | €59,182 | €87,078 | +€27,896 | +47.1% |
| Deferred charges and accrued income | 490/1 | €21,343 | €23,436 | +€2,093 | +9.8% |
| Total equity and liabilities | 10/49 | €345,275 | €404,731 | +€59,456 | +17.2% |
| Equity | 10/15 | €120,218 | €170,516 | +€50,298 | +41.8% |
| Contributions | 10/11 | €7,696 | €7,696 | = | 0.0% |
| Reserves | 13 | €46,247 | €46,247 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,539 | €1,539 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,539 | €1,539 | = | 0.0% |
| Distributable reserves | 133 | €44,708 | €44,708 | = | 0.0% |
| Profit (loss) carried forward | 14 | €66,275 | €116,573 | +€50,298 | +75.9% |
| Amounts payable | 17/49 | €225,057 | €234,215 | +€9,158 | +4.1% |
| Amounts payable after more than one year | 17 | €19,589 | - | -€19,589 | |
| Financial debts | 170/4 | €19,589 | - | -€19,589 | |
| Amounts payable within one year | 42/48 | €204,280 | €234,215 | +€29,935 | +14.7% |
| Current portion of amounts payable after more than one year | 42 | €17,462 | €19,709 | +€2,247 | +12.9% |
| Trade debts | 44 | €75,418 | €103,110 | +€27,692 | +36.7% |
| Suppliers | 440/4 | €75,418 | €103,110 | +€27,692 | +36.7% |
| Taxes, remuneration and social security | 45 | €110,184 | €110,183 | -€1 | 0.0% |
| Taxes | 450/3 | €37,580 | €58,779 | +€21,199 | +56.4% |
| Remuneration and social security | 454/9 | €72,604 | €51,404 | -€21,200 | -29.2% |
| Other amounts payable | 47/48 | €1,216 | €1,213 | -€3 | -0.2% |
| Accrued charges and deferred income | 492/3 | €1,188 | - | -€1,188 | |
| Remuneration, social security and pensions | 62 | €560,840 | €493,129 | -€67,711 | -12.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,798 | €22,761 | -€2,037 | -8.2% |
| Other operating charges | 640/8 | €9,777 | €11,197 | +€1,420 | +14.5% |
| Gross operating margin | 9900 | €635,253 | €590,661 | -€44,592 | -7.0% |
| Operating profit (loss) | 9901 | €39,838 | €63,574 | +€23,736 | +59.6% |
| Financial income | 75/76B | €14,493 | €15,422 | +€929 | +6.4% |
| Recurring financial income | 75 | €1,837 | €2,300 | +€463 | +25.2% |
| Non-recurring financial income | 76B | €12,656 | €13,122 | +€466 | +3.7% |
| Financial charges | 65/66B | €2,632 | €2,806 | +€174 | +6.6% |
| Recurring financial charges | 65 | €2,632 | €2,806 | +€174 | +6.6% |
| Profit (loss) for the period before taxes | 9903 | €51,699 | €76,190 | +€24,491 | +47.4% |
| Income taxes | 67/77 | €46,991 | €25,892 | -€21,099 | -44.9% |
| Profit (loss) for the period | 9904 | €4,708 | €50,298 | +€45,590 | +968.4% |
| Profit (loss) for the period to be appropriated | 9905 | €4,708 | €50,298 | +€45,590 | +968.4% |
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 8 October 2026 via checked.be.