Elevate: 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.
Elevate
Largest movements
- Cash -€82,135
down €82,135 (-46.1%), from €178,284 to €96,149
mainly Contributions, distributions and other (-€185,193) and Receivables within one year (-€37,429)
- Receivables within one year +€37,429
up €37,429 (+268.9%), from €13,922 to €51,350
of which Trade receivables: +€35,693
- Deferred charges and accrued income +€3,957
up €3,957 (+53.0%), from €7,465 to €11,421
- Tangible fixed assets -€3,444
down €3,444 (-20.7%), from €16,622 to €13,179
of which Furniture and vehicles: -€2,426
- Other debts -€33,357
down €33,357 (-19.4%), from €172,091 to €138,734
- Tax, wage and social debts -€10,837
down €10,837 (-35.8%), from €30,241 to €19,404
- Gross operating margin +€19,597
up €19,597 (+6.5%), from €299,495 to €319,092
- Financial charges +€10,460
up €10,460 (+18.0%), from €58,271 to €68,730
- Taxes +€3,857
up €3,857 (+6.7%), from €57,407 to €61,264
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 | €216,293 | €172,099 | -€44,194 | -20.4% |
| Fixed assets | 21/28 | €16,622 | €13,179 | -€3,444 | -20.7% |
| Tangible fixed assets | 22/27 | €16,622 | €13,179 | -€3,444 | -20.7% |
| Plant, machinery and equipment | 23 | €3,118 | €2,205 | -€913 | -29.3% |
| Furniture and vehicles | 24 | €10,269 | €7,843 | -€2,426 | -23.6% |
| Other tangible fixed assets | 26 | €3,235 | €3,130 | -€105 | -3.2% |
| Current assets | 29/58 | €199,671 | €158,921 | -€40,750 | -20.4% |
| Amounts receivable within one year | 40/41 | €13,922 | €51,350 | +€37,429 | +268.9% |
| Trade receivables | 40 | €13,179 | €48,871 | +€35,693 | +270.8% |
| Other amounts receivable | 41 | €743 | €2,479 | +€1,736 | +233.7% |
| Cash at bank and in hand | 54/58 | €178,284 | €96,149 | -€82,135 | -46.1% |
| Deferred charges and accrued income | 490/1 | €7,465 | €11,421 | +€3,957 | +53.0% |
| Total equity and liabilities | 10/49 | €216,293 | €172,099 | -€44,194 | -20.4% |
| Equity | 10/15 | €13,961 | €13,961 | = | 0.0% |
| Contributions | 10/11 | €12,351 | €12,351 | = | 0.0% |
| Reserves | 13 | €1,610 | €1,610 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,610 | €1,610 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,610 | €1,610 | = | 0.0% |
| Amounts payable | 17/49 | €202,332 | €158,138 | -€44,194 | -21.8% |
| Amounts payable within one year | 42/48 | €202,332 | €158,138 | -€44,194 | -21.8% |
| Taxes, remuneration and social security | 45 | €30,241 | €19,404 | -€10,837 | -35.8% |
| Taxes | 450/3 | €30,241 | €19,404 | -€10,837 | -35.8% |
| Other amounts payable | 47/48 | €172,091 | €138,734 | -€33,357 | -19.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,641 | €3,444 | +€1,803 | +109.9% |
| Other operating charges | 640/8 | €3,187 | €828 | -€2,359 | -74.0% |
| Gross operating margin | 9900 | €299,495 | €319,092 | +€19,597 | +6.5% |
| Operating profit (loss) | 9901 | €294,668 | €314,820 | +€20,153 | +6.8% |
| Financial income | 75/76B | €233 | €367 | +€134 | +57.8% |
| Recurring financial income | 75 | €233 | €367 | +€134 | +57.8% |
| Financial charges | 65/66B | €58,271 | €68,730 | +€10,460 | +18.0% |
| Recurring financial charges | 65 | €58,271 | €68,730 | +€10,460 | +18.0% |
| Profit (loss) for the period before taxes | 9903 | €236,629 | €246,457 | +€9,827 | +4.2% |
| Income taxes | 67/77 | €57,407 | €61,264 | +€3,857 | +6.7% |
| Profit (loss) for the period | 9904 | €179,222 | €185,193 | +€5,970 | +3.3% |
| Profit (loss) for the period to be appropriated | 9905 | €179,222 | €185,193 | +€5,970 | +3.3% |
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 10 October 2026 via checked.be.