ELEVALEX: 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.
ELEVALEX
Largest movements
- Cash +€2,366
up €2,366 (+203.0%), from €1,166 to €3,531
mainly Tax, wage and social debts (+€3,527) and Trade debts (+€2,389)
- Stocks and contracts +€1,400
new in 2025: €1,400
- Receivables within one year -€1,182
down €1,182 (-15.4%), from €7,678 to €6,496
- Financial fixed assets +€1,147
new in 2025: €1,147
- Tangible fixed assets -€945
down €945 (-36.0%), from €2,626 to €1,681
of which Plant, machinery and equipment: -€694
- Tax, wage and social debts +€3,527
up €3,527 (+282.9%), from €1,247 to €4,774
of which Taxes: +€1,874
- Profit (loss) carried forward -€2,771
down €2,771, from €2,332 to -€439
- Trade debts +€2,389
up €2,389 (+576.3%), from €415 to €2,804
- Other debts +€223
up €223 (+7.8%), from €2,845 to €3,068
- Gross operating margin -€4,428
down €4,428, from €3,107 to -€1,321
- Depreciation +€736
up €736 (+351.5%), from €209 to €945
- Taxes -€551
no longer reported in 2025 (was €551)
- Financial charges +€411
up €411 (+2867.8%), from €14 to €425
- Other operating charges +€85
new in 2025: €85
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 | €11,838 | €15,206 | +€3,368 | +28.4% |
| Fixed assets | 21/28 | €2,626 | €2,829 | +€202 | +7.7% |
| Tangible fixed assets | 22/27 | €2,626 | €1,681 | -€945 | -36.0% |
| Plant, machinery and equipment | 23 | €1,958 | €1,264 | -€694 | -35.4% |
| Furniture and vehicles | 24 | €668 | €417 | -€251 | -37.6% |
| Financial fixed assets | 28 | - | €1,147 | +€1,147 | |
| Current assets | 29/58 | €9,212 | €12,378 | +€3,166 | +34.4% |
| Stocks and contracts in progress | 3 | - | €1,400 | +€1,400 | |
| Stocks | 30/36 | - | €1,400 | +€1,400 | |
| Amounts receivable within one year | 40/41 | €7,678 | €6,496 | -€1,182 | -15.4% |
| Trade receivables | 40 | €7,678 | €6,496 | -€1,182 | -15.4% |
| Cash at bank and in hand | 54/58 | €1,166 | €3,531 | +€2,366 | +203.0% |
| Deferred charges and accrued income | 490/1 | €368 | €951 | +€582 | +158.1% |
| Total equity and liabilities | 10/49 | €11,838 | €15,206 | +€3,368 | +28.4% |
| Equity | 10/15 | €7,332 | €4,561 | -€2,771 | -37.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,332 | -€439 | -€2,771 | |
| Amounts payable | 17/49 | €4,506 | €10,645 | +€6,139 | +136.2% |
| Amounts payable within one year | 42/48 | €4,506 | €10,645 | +€6,139 | +136.2% |
| Trade debts | 44 | €415 | €2,804 | +€2,389 | +576.3% |
| Suppliers | 440/4 | €415 | €2,804 | +€2,389 | +576.3% |
| Taxes, remuneration and social security | 45 | €1,247 | €4,774 | +€3,527 | +282.9% |
| Taxes | 450/3 | €1,247 | €3,121 | +€1,874 | +150.3% |
| Remuneration and social security | 454/9 | - | €1,653 | +€1,653 | |
| Other amounts payable | 47/48 | €2,845 | €3,068 | +€223 | +7.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €209 | €945 | +€736 | +351.5% |
| Other operating charges | 640/8 | - | €85 | +€85 | |
| Gross operating margin | 9900 | €3,107 | -€1,321 | -€4,428 | |
| Operating profit (loss) | 9901 | €2,897 | -€2,351 | -€5,249 | |
| Financial income | 75/76B | €0 | €5 | +€5 | +26700.0% |
| Recurring financial income | 75 | €0 | €5 | +€5 | +26700.0% |
| Financial charges | 65/66B | €14 | €425 | +€411 | +2867.8% |
| Recurring financial charges | 65 | €14 | €425 | +€411 | +2867.8% |
| Profit (loss) for the period before taxes | 9903 | €2,883 | -€2,771 | -€5,654 | |
| Income taxes | 67/77 | €551 | - | -€551 | |
| Profit (loss) for the period | 9904 | €2,332 | -€2,771 | -€5,103 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,332 | -€2,771 | -€5,103 |
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 1 October 2026 via checked.be.