ELEVATE CONSTRUCTIONS: 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.
ELEVATE CONSTRUCTIONS
Largest movements
- Cash +€119,254
up €119,254 (+1093.1%), from €10,910 to €130,164
mainly Tax, wage and social debts (+€147,128) and Trade debts (+€54,403)
- Receivables within one year +€61,176
up €61,176 (+163.1%), from €37,501 to €98,677
of which Trade receivables: +€61,845
- Tangible fixed assets +€7,667
new in 2025: €7,667
- Deferred charges and accrued income +€2,592
up €2,592 (+89.5%), from €2,895 to €5,487
- Tax, wage and social debts +€147,128
up €147,128 (+708.5%), from €20,766 to €167,895
of which Remuneration and social security: +€147,907
- Trade debts +€54,403
up €54,403 (+280.4%), from €19,404 to €73,807
- Other debts -€5,811
down €5,811 (-86.4%), from €6,725 to €914
- Profit (loss) carried forward -€3,620
new in 2025: -€3,620
- Gross operating margin +€744,260
up €744,260 (+2842.2%), from €26,186 to €770,447
- Staff costs +€736,828
up €736,828 (+3078.5%), from €23,934 to €760,762
- Taxes +€10,102
up €10,102 (+1295.3%), from €780 to €10,882
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 | €51,306 | €241,995 | +€190,689 | +371.7% |
| Fixed assets | 21/28 | - | €7,667 | +€7,667 | |
| Tangible fixed assets | 22/27 | - | €7,667 | +€7,667 | |
| Furniture and vehicles | 24 | - | €7,667 | +€7,667 | |
| Current assets | 29/58 | €51,306 | €234,328 | +€183,022 | +356.7% |
| Amounts receivable within one year | 40/41 | €37,501 | €98,677 | +€61,176 | +163.1% |
| Trade receivables | 40 | €36,832 | €98,677 | +€61,845 | +167.9% |
| Other amounts receivable | 41 | €669 | - | -€669 | |
| Cash at bank and in hand | 54/58 | €10,910 | €130,164 | +€119,254 | +1093.1% |
| Deferred charges and accrued income | 490/1 | €2,895 | €5,487 | +€2,592 | +89.5% |
| Total equity and liabilities | 10/49 | €51,306 | €241,995 | +€190,689 | +371.7% |
| Equity | 10/15 | €4,411 | -€620 | -€5,031 | |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €1,411 | - | -€1,411 | |
| Distributable reserves | 133 | €1,411 | - | -€1,411 | |
| Profit (loss) carried forward | 14 | - | -€3,620 | -€3,620 | |
| Amounts payable | 17/49 | €46,895 | €242,615 | +€195,720 | +417.4% |
| Amounts payable within one year | 42/48 | €46,895 | €242,615 | +€195,720 | +417.4% |
| Trade debts | 44 | €19,404 | €73,807 | +€54,403 | +280.4% |
| Suppliers | 440/4 | €19,404 | €73,807 | +€54,403 | +280.4% |
| Taxes, remuneration and social security | 45 | €20,766 | €167,895 | +€147,128 | +708.5% |
| Taxes | 450/3 | €11,660 | €10,882 | -€778 | -6.7% |
| Remuneration and social security | 454/9 | €9,106 | €157,013 | +€147,907 | +1624.2% |
| Other amounts payable | 47/48 | €6,725 | €914 | -€5,811 | -86.4% |
| Remuneration, social security and pensions | 62 | €23,934 | €760,762 | +€736,828 | +3078.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €1,210 | +€1,210 | |
| Other operating charges | 640/8 | - | €120 | +€120 | |
| Gross operating margin | 9900 | €26,186 | €770,447 | +€744,260 | +2842.2% |
| Operating profit (loss) | 9901 | €2,252 | €8,354 | +€6,102 | +271.0% |
| Financial income | 75/76B | €7 | €45 | +€38 | +504.7% |
| Recurring financial income | 75 | €7 | €45 | +€38 | +504.7% |
| Financial charges | 65/66B | €68 | €2,549 | +€2,481 | +3626.7% |
| Recurring financial charges | 65 | €68 | €2,549 | +€2,481 | +3626.7% |
| Profit (loss) for the period before taxes | 9903 | €2,191 | €5,850 | +€3,659 | +167.0% |
| Income taxes | 67/77 | €780 | €10,882 | +€10,102 | +1295.3% |
| Profit (loss) for the period | 9904 | €1,411 | -€5,031 | -€6,442 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,411 | -€5,031 | -€6,442 |
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 8 October 2026 via checked.be.