ELEVATE-IT: 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-IT
Largest movements
- Tangible fixed assets +€23,761
up €23,761 (+66.2%), from €35,884 to €59,645
of which Furniture and vehicles: +€19,774
- Deferred charges and accrued income -€20,905
down €20,905 (-54.9%), from €38,048 to €17,143
- Receivables within one year -€16,931
down €16,931 (-1.2%), from €1.4m to €1.4m
of which Other amounts receivable: -€44,088
- Tax, wage and social debts -€63,291
down €63,291 (-27.5%), from €229,870 to €166,579
of which Taxes: -€69,270
- Reserves +€53,000
up €53,000 (+20.2%), from €262,200 to €315,200
of which Distributable reserves: +€53,000
- Advances received -€49,357
down €49,357 (-46.1%), from €107,120 to €57,763
- Other debts +€25,436
up €25,436 (+12.6%), from €201,364 to €226,800
- Purchases and services +€221,844
up €221,844 (+6.7%), from €3.3m to €3.6m
- Turnover +€143,999
up €143,999 (+3.1%), from €4.7m to €4.8m
- Gross operating margin +€61,258
up €61,258 (+4.7%), from €1.3m to €1.4m
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 | €1,676,290 | €1,655,216 | -€21,073 | -1.3% |
| Fixed assets | 21/28 | €160,300 | €184,061 | +€23,761 | +14.8% |
| Tangible fixed assets | 22/27 | €35,884 | €59,645 | +€23,761 | +66.2% |
| Plant, machinery and equipment | 23 | €22,627 | €23,877 | +€1,250 | +5.5% |
| Furniture and vehicles | 24 | - | €19,774 | +€19,774 | |
| Other tangible fixed assets | 26 | €13,257 | €15,995 | +€2,737 | +20.6% |
| Financial fixed assets | 28 | €124,416 | €124,416 | = | 0.0% |
| Current assets | 29/58 | €1,515,990 | €1,471,155 | -€44,835 | -3.0% |
| Stocks and contracts in progress | 3 | - | €364 | +€364 | |
| Contracts in progress | 37 | - | €364 | +€364 | |
| Amounts receivable within one year | 40/41 | €1,449,601 | €1,432,670 | -€16,931 | -1.2% |
| Trade receivables | 40 | €1,208,045 | €1,235,202 | +€27,157 | +2.2% |
| Other amounts receivable | 41 | €241,556 | €197,468 | -€44,088 | -18.3% |
| Cash at bank and in hand | 54/58 | €28,341 | €20,979 | -€7,362 | -26.0% |
| Deferred charges and accrued income | 490/1 | €38,048 | €17,143 | -€20,905 | -54.9% |
| Total equity and liabilities | 10/49 | €1,676,290 | €1,655,216 | -€21,073 | -1.3% |
| Equity | 10/15 | €324,418 | €377,803 | +€53,385 | +16.5% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €262,200 | €315,200 | +€53,000 | +20.2% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €256,000 | €309,000 | +€53,000 | +20.7% |
| Profit (loss) carried forward | 14 | €218 | €603 | +€385 | +176.9% |
| Provisions and deferred taxes | 16 | - | €336 | +€336 | |
| Provisions for liabilities and charges | 160/5 | - | €336 | +€336 | |
| Pensions and similar obligations | 160 | - | €336 | +€336 | |
| Amounts payable | 17/49 | €1,351,872 | €1,277,078 | -€74,794 | -5.5% |
| Amounts payable within one year | 42/48 | €1,351,872 | €1,277,078 | -€74,794 | -5.5% |
| Trade debts | 44 | €813,518 | €825,935 | +€12,417 | +1.5% |
| Suppliers | 440/4 | €813,518 | €825,935 | +€12,417 | +1.5% |
| Advances received on contracts in progress | 46 | €107,120 | €57,763 | -€49,357 | -46.1% |
| Taxes, remuneration and social security | 45 | €229,870 | €166,579 | -€63,291 | -27.5% |
| Taxes | 450/3 | €134,573 | €65,303 | -€69,270 | -51.5% |
| Remuneration and social security | 454/9 | €95,297 | €101,276 | +€5,979 | +6.3% |
| Other amounts payable | 47/48 | €201,364 | €226,800 | +€25,436 | +12.6% |
| Turnover | 70 | €4,691,962 | €4,835,961 | +€143,999 | +3.1% |
| Non-recurring operating income | 76A | - | €47 | +€47 | |
| Goods, raw materials, services and sundry goods | 60/61 | €3,332,540 | €3,554,384 | +€221,844 | +6.7% |
| Remuneration, social security and pensions | 62 | €956,677 | €1,000,949 | +€44,272 | +4.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,600 | €19,109 | +€10,509 | +122.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €699 | +€699 | |
| Other operating charges | 640/8 | €7,764 | €8,171 | +€407 | +5.2% |
| Non-recurring operating charges | 66A | €515 | - | -€515 | |
| Gross operating margin | 9900 | €1,299,757 | €1,361,016 | +€61,258 | +4.7% |
| Operating profit (loss) | 9901 | €326,201 | €332,088 | +€5,887 | +1.8% |
| Financial income | 75/76B | €3,163 | €2,813 | -€350 | -11.1% |
| Recurring financial income | 75 | €3,163 | €2,813 | -€350 | -11.1% |
| Financial charges | 65/66B | €24,549 | €25,016 | +€467 | +1.9% |
| Recurring financial charges | 65 | €24,549 | €25,016 | +€467 | +1.9% |
| Profit (loss) for the period before taxes | 9903 | €304,816 | €309,885 | +€5,069 | +1.7% |
| Income taxes | 67/77 | €24,983 | €29,700 | +€4,717 | +18.9% |
| Profit (loss) for the period | 9904 | €279,832 | €280,185 | +€353 | +0.1% |
| Profit (loss) for the period to be appropriated | 9905 | €279,832 | €280,185 | +€353 | +0.1% |
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 5 October 2026 via checked.be.