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
- Receivables within one year -€32,539
down €32,539 (-55.1%), from €59,029 to €26,490
of which Trade receivables: -€22,134
- Cash -€15,368
down €15,368 (-31.4%), from €48,897 to €33,529
mainly Tax, wage and social debts (-€32,158) and Accrued charges and deferred income (-€20,245)
- Deferred charges and accrued income -€13,269
down €13,269 (-99.8%), from €13,300 to €31
- Tangible fixed assets +€3,460
up €3,460 (+7.8%), from €44,333 to €47,793
of which Land and buildings: +€30,519
- Tax, wage and social debts -€32,158
down €32,158 (-100.0%), from €32,158 to €0
- Accrued charges and deferred income -€20,245
down €20,245 (-100.0%), from €20,245 to €0
- Profit (loss) carried forward -€5,729
down €5,729 (-73.6%), from -€7,785 to -€13,514
- Gross operating margin -€136,891
down €136,891, from €84,706 to -€52,185
- Financial income +€77,128
up €77,128 (+43330.3%), from €178 to €77,306
of which Non-recurring financial income: +€77,306
- Taxes -€19,308
down €19,308, from €18,715 to -€593
- Depreciation -€1,795
down €1,795 (-29.3%), from €6,121 to €4,326
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 | €165,686 | €107,843 | -€57,843 | -34.9% |
| Formation expenses | 20 | €127 | €0 | -€127 | -100.0% |
| Fixed assets | 21/28 | €44,333 | €47,793 | +€3,460 | +7.8% |
| Tangible fixed assets | 22/27 | €44,333 | €47,793 | +€3,460 | +7.8% |
| Land and buildings | 22 | €715 | €31,234 | +€30,519 | +4268.4% |
| Plant, machinery and equipment | 23 | €33,067 | €6,450 | -€26,617 | -80.5% |
| Furniture and vehicles | 24 | €10,551 | €10,109 | -€442 | -4.2% |
| Current assets | 29/58 | €121,226 | €60,050 | -€61,176 | -50.5% |
| Amounts receivable within one year | 40/41 | €59,029 | €26,490 | -€32,539 | -55.1% |
| Trade receivables | 40 | €47,029 | €24,895 | -€22,134 | -47.1% |
| Other amounts receivable | 41 | €12,000 | €1,595 | -€10,405 | -86.7% |
| Cash at bank and in hand | 54/58 | €48,897 | €33,529 | -€15,368 | -31.4% |
| Deferred charges and accrued income | 490/1 | €13,300 | €31 | -€13,269 | -99.8% |
| Total equity and liabilities | 10/49 | €165,686 | €107,843 | -€57,843 | -34.9% |
| Equity | 10/15 | €112,999 | €107,270 | -€5,729 | -5.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Capital | 10 | €5,000 | - | -€5,000 | |
| Issued capital | 100 | €5,000 | - | -€5,000 | |
| Reserves | 13 | €115,784 | €115,784 | = | 0.0% |
| Distributable reserves | 133 | €115,784 | €115,784 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€7,785 | -€13,514 | -€5,729 | -73.6% |
| Amounts payable | 17/49 | €52,687 | €573 | -€52,114 | -98.9% |
| Amounts payable within one year | 42/48 | €32,442 | €573 | -€31,869 | -98.2% |
| Trade debts | 44 | €284 | €573 | +€289 | +101.8% |
| Suppliers | 440/4 | €284 | €573 | +€289 | +101.8% |
| Taxes, remuneration and social security | 45 | €32,158 | €0 | -€32,158 | -100.0% |
| Taxes | 450/3 | €32,158 | €0 | -€32,158 | -100.0% |
| Accrued charges and deferred income | 492/3 | €20,245 | €0 | -€20,245 | -100.0% |
| Non-recurring operating income | 76A | - | €4,664 | +€4,664 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,121 | €4,326 | -€1,795 | -29.3% |
| Other operating charges | 640/8 | €718 | €144 | -€574 | -79.9% |
| Non-recurring operating charges | 66A | - | €26,845 | +€26,845 | |
| Gross operating margin | 9900 | €84,706 | -€52,185 | -€136,891 | |
| Operating profit (loss) | 9901 | €77,867 | -€83,500 | -€161,367 | |
| Financial income | 75/76B | €178 | €77,306 | +€77,128 | +43330.3% |
| Recurring financial income | 75 | €178 | €0 | -€178 | -100.0% |
| Non-recurring financial income | 76B | - | €77,306 | +€77,306 | |
| Financial charges | 65/66B | €89 | €128 | +€39 | +43.8% |
| Recurring financial charges | 65 | €89 | €128 | +€39 | +43.8% |
| Profit (loss) for the period before taxes | 9903 | €77,956 | -€6,322 | -€84,278 | |
| Income taxes | 67/77 | €18,715 | -€593 | -€19,308 | |
| Profit (loss) for the period | 9904 | €59,241 | -€5,729 | -€64,970 | |
| Profit (loss) for the period to be appropriated | 9905 | €59,241 | -€5,729 | -€64,970 |
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 11 October 2026 via checked.be.