Elevantum: 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.
Elevantum
Largest movements
- Tangible fixed assets -€24,803
down €24,803 (-32.5%), from €76,248 to €51,445
of which Furniture and vehicles: -€14,219
- Receivables within one year +€2,515
up €2,515 (+11.6%), from €21,685 to €24,200
of which Trade receivables: +€4,870
- Short-term financial debts -€15,000
no longer reported in 2025 (was €15,000)
- Reserves -€6,191
no longer reported in 2025 (was €6,191)
- Other debts -€1,843
down €1,843 (-2.8%), from €65,392 to €63,549
- Gross operating margin +€15,900
up €15,900 (+22.6%), from €70,307 to €86,206
- Taxes +€3,619
up €3,619 (+32.0%), from €11,299 to €14,917
- Depreciation -€982
down €982 (-3.8%), from €25,785 to €24,803
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 | €101,873 | €79,558 | -€22,315 | -21.9% |
| Fixed assets | 21/28 | €76,248 | €51,445 | -€24,803 | -32.5% |
| Tangible fixed assets | 22/27 | €76,248 | €51,445 | -€24,803 | -32.5% |
| Plant, machinery and equipment | 23 | €12,666 | €7,334 | -€5,332 | -42.1% |
| Furniture and vehicles | 24 | €46,458 | €32,239 | -€14,219 | -30.6% |
| Other tangible fixed assets | 26 | €17,125 | €11,872 | -€5,252 | -30.7% |
| Current assets | 29/58 | €25,624 | €28,113 | +€2,489 | +9.7% |
| Amounts receivable within one year | 40/41 | €21,685 | €24,200 | +€2,515 | +11.6% |
| Trade receivables | 40 | €19,330 | €24,200 | +€4,870 | +25.2% |
| Other amounts receivable | 41 | €2,355 | - | -€2,355 | |
| Cash at bank and in hand | 54/58 | €3,940 | €3,913 | -€27 | -0.7% |
| Total equity and liabilities | 10/49 | €101,873 | €79,558 | -€22,315 | -21.9% |
| Equity | 10/15 | €9,191 | €3,000 | -€6,191 | -67.4% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €6,191 | - | -€6,191 | |
| Distributable reserves | 133 | €6,191 | - | -€6,191 | |
| Amounts payable | 17/49 | €92,682 | €76,558 | -€16,124 | -17.4% |
| Amounts payable within one year | 42/48 | €92,682 | €76,558 | -€16,124 | -17.4% |
| Financial debts | 43 | €15,000 | - | -€15,000 | |
| Other loans | 439 | €15,000 | - | -€15,000 | |
| Trade debts | 44 | €1,477 | €1,440 | -€37 | -2.5% |
| Suppliers | 440/4 | €1,477 | €1,440 | -€37 | -2.5% |
| Taxes, remuneration and social security | 45 | €10,812 | €11,568 | +€757 | +7.0% |
| Taxes | 450/3 | €10,812 | €11,568 | +€757 | +7.0% |
| Other amounts payable | 47/48 | €65,392 | €63,549 | -€1,843 | -2.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,785 | €24,803 | -€982 | -3.8% |
| Other operating charges | 640/8 | €1,182 | €1,051 | -€130 | -11.0% |
| Gross operating margin | 9900 | €70,307 | €86,206 | +€15,900 | +22.6% |
| Operating profit (loss) | 9901 | €43,340 | €60,352 | +€17,012 | +39.3% |
| Financial charges | 65/66B | €851 | €184 | -€666 | -78.3% |
| Recurring financial charges | 65 | €851 | €184 | -€666 | -78.3% |
| Profit (loss) for the period before taxes | 9903 | €42,490 | €60,167 | +€17,678 | +41.6% |
| Income taxes | 67/77 | €11,299 | €14,917 | +€3,619 | +32.0% |
| Profit (loss) for the period | 9904 | €31,191 | €45,250 | +€14,059 | +45.1% |
| Profit (loss) for the period to be appropriated | 9905 | €31,191 | €45,250 | +€14,059 | +45.1% |
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 9 October 2026 via checked.be.