ELEVATE CONSULT: 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 CONSULT
Largest movements
- Tangible fixed assets +€34,620
new in 2025: €34,620
- Cash +€17,797
up €17,797 (+101.4%), from €17,556 to €35,353
mainly Net result for the year (+€26,003) and Debts after one year (+€18,961)
- Current investments +€4,488
new in 2025: €4,488
- Receivables within one year -€1,688
down €1,688 (-12.5%), from €13,511 to €11,823
of which Trade receivables: -€1,695
- Reserves +€26,003
up €26,003 (+216.2%), from €12,025 to €38,028
- Debts after one year +€18,961
up €18,961 (+379.2%), from €5,000 to €23,961
- Current portion of long-term debt +€7,234
new in 2025: €7,234
- Other debts +€2,149
up €2,149 (+875.3%), from €245 to €2,394
- Gross operating margin +€27,178
up €27,178 (+172.0%), from €15,803 to €42,981
- Depreciation +€8,294
new in 2025: €8,294
- Taxes +€3,954
up €3,954 (+127.2%), from €3,108 to €7,062
- Financial charges +€1,051
up €1,051 (+446.4%), from €235 to €1,286
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 | €31,559 | €86,820 | +€55,261 | +175.1% |
| Fixed assets | 21/28 | - | €34,620 | +€34,620 | |
| Tangible fixed assets | 22/27 | - | €34,620 | +€34,620 | |
| Furniture and vehicles | 24 | - | €34,620 | +€34,620 | |
| Current assets | 29/58 | €31,559 | €52,200 | +€20,642 | +65.4% |
| Amounts receivable within one year | 40/41 | €13,511 | €11,823 | -€1,688 | -12.5% |
| Trade receivables | 40 | €13,511 | €11,816 | -€1,695 | -12.5% |
| Other amounts receivable | 41 | - | €7 | +€7 | |
| Current investments | 50/53 | - | €4,488 | +€4,488 | |
| Cash at bank and in hand | 54/58 | €17,556 | €35,353 | +€17,797 | +101.4% |
| Deferred charges and accrued income | 490/1 | €492 | €536 | +€45 | +9.1% |
| Total equity and liabilities | 10/49 | €31,559 | €86,820 | +€55,261 | +175.1% |
| Equity | 10/15 | €17,025 | €43,028 | +€26,003 | +152.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €12,025 | €38,028 | +€26,003 | +216.2% |
| Distributable reserves | 133 | €12,025 | €38,028 | +€26,003 | +216.2% |
| Amounts payable | 17/49 | €14,534 | €43,792 | +€29,258 | +201.3% |
| Amounts payable after more than one year | 17 | €5,000 | €23,961 | +€18,961 | +379.2% |
| Financial debts | 170/4 | €5,000 | €23,961 | +€18,961 | +379.2% |
| Amounts payable within one year | 42/48 | €9,534 | €19,831 | +€10,297 | +108.0% |
| Current portion of amounts payable after more than one year | 42 | - | €7,234 | +€7,234 | |
| Financial debts | 43 | €34 | €105 | +€71 | +208.3% |
| Credit institutions | 430/8 | €34 | €105 | +€71 | +208.3% |
| Trade debts | 44 | €417 | €715 | +€297 | +71.3% |
| Suppliers | 440/4 | €417 | €715 | +€297 | +71.3% |
| Taxes, remuneration and social security | 45 | €8,837 | €9,383 | +€546 | +6.2% |
| Taxes | 450/3 | €8,837 | €9,383 | +€546 | +6.2% |
| Other amounts payable | 47/48 | €245 | €2,394 | +€2,149 | +875.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €8,294 | +€8,294 | |
| Other operating charges | 640/8 | €435 | €339 | -€96 | -22.0% |
| Gross operating margin | 9900 | €15,803 | €42,981 | +€27,178 | +172.0% |
| Operating profit (loss) | 9901 | €15,368 | €34,348 | +€18,980 | +123.5% |
| Financial income | 75/76B | - | €3 | +€3 | |
| Recurring financial income | 75 | - | €3 | +€3 | |
| Financial charges | 65/66B | €235 | €1,286 | +€1,051 | +446.4% |
| Recurring financial charges | 65 | €235 | €1,286 | +€1,051 | +446.4% |
| Profit (loss) for the period before taxes | 9903 | €15,132 | €33,065 | +€17,933 | +118.5% |
| Income taxes | 67/77 | €3,108 | €7,062 | +€3,954 | +127.2% |
| Profit (loss) for the period | 9904 | €12,025 | €26,003 | +€13,978 | +116.2% |
| Profit (loss) for the period to be appropriated | 9905 | €12,025 | €26,003 | +€13,978 | +116.2% |
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.