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 +€174,639
up €174,639 (+231.0%), from €75,606 to €250,245
mainly Net result for the year (+€134,384) and Tax, wage and social debts (+€39,935)
- Receivables within one year +€19,886
up €19,886 (+53.9%), from €36,912 to €56,799
of which Trade receivables: +€12,474
- Deferred charges and accrued income +€18,207
up €18,207 (+123.2%), from €14,775 to €32,982
- Profit (loss) carried forward +€134,384
up €134,384, from -€15,323 to €119,061
- Tax, wage and social debts +€39,935
new in 2025: €39,935
- Trade debts +€38,024
up €38,024 (+177.5%), from €21,420 to €59,444
- Gross operating margin +€190,316
up €190,316, from -€14,797 to €175,519
- Taxes +€39,935
new in 2025: €39,935
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 | €156,097 | €368,440 | +€212,343 | +136.0% |
| Fixed assets | 21/28 | €28,803 | €28,413 | -€390 | -1.4% |
| Tangible fixed assets | 22/27 | €1,803 | €1,413 | -€390 | -21.6% |
| Furniture and vehicles | 24 | €1,803 | €1,413 | -€390 | -21.6% |
| Financial fixed assets | 28 | €27,000 | €27,000 | = | 0.0% |
| Current assets | 29/58 | €127,294 | €340,026 | +€212,732 | +167.1% |
| Amounts receivable within one year | 40/41 | €36,912 | €56,799 | +€19,886 | +53.9% |
| Trade receivables | 40 | €28,000 | €40,474 | +€12,474 | +44.5% |
| Other amounts receivable | 41 | €8,912 | €16,325 | +€7,412 | +83.2% |
| Cash at bank and in hand | 54/58 | €75,606 | €250,245 | +€174,639 | +231.0% |
| Deferred charges and accrued income | 490/1 | €14,775 | €32,982 | +€18,207 | +123.2% |
| Total equity and liabilities | 10/49 | €156,097 | €368,440 | +€212,343 | +136.0% |
| Equity | 10/15 | €134,677 | €269,061 | +€134,384 | +99.8% |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€15,323 | €119,061 | +€134,384 | |
| Amounts payable | 17/49 | €21,420 | €99,378 | +€77,959 | +364.0% |
| Amounts payable within one year | 42/48 | €21,420 | €99,378 | +€77,959 | +364.0% |
| Trade debts | 44 | €21,420 | €59,444 | +€38,024 | +177.5% |
| Suppliers | 440/4 | €21,420 | €59,444 | +€38,024 | +177.5% |
| Taxes, remuneration and social security | 45 | - | €39,935 | +€39,935 | |
| Taxes | 450/3 | - | €39,935 | +€39,935 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €144 | €390 | +€245 | +169.6% |
| Other operating charges | 640/8 | €8 | €88 | +€80 | +1069.3% |
| Gross operating margin | 9900 | -€14,797 | €175,519 | +€190,316 | |
| Operating profit (loss) | 9901 | -€14,949 | €175,042 | +€189,991 | |
| Financial income | 75/76B | - | €28 | +€28 | |
| Recurring financial income | 75 | - | €28 | +€28 | |
| Financial charges | 65/66B | €374 | €751 | +€377 | +100.7% |
| Recurring financial charges | 65 | €374 | €751 | +€377 | +100.7% |
| Profit (loss) for the period before taxes | 9903 | -€15,323 | €174,319 | +€189,642 | |
| Income taxes | 67/77 | - | €39,935 | +€39,935 | |
| Profit (loss) for the period | 9904 | -€15,323 | €134,384 | +€149,708 | |
| Profit (loss) for the period to be appropriated | 9905 | -€15,323 | €134,384 | +€149,708 |
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.