ELEVATE PEOPLE: 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 PEOPLE
Largest movements
- Receivables within one year +€88,743
up €88,743 (+409%), from €21,711 to €110,454
of which Other amounts receivable: +€83,422
- Deferred charges and accrued income -€39,000
down €39,000 (-100%), from €39,000 to €0
- Cash +€32,959
up €32,959 (+52.2%), from €63,082 to €96,041
mainly Net result for the year (+€84,822) and Deferred charges and accrued income (+€39,000)
- Tangible fixed assets +€2,864
new in 2025: €2,864
- Reserves +€84,822
up €84,822 (+103%), from €82,652 to €167,474
of which Distributable reserves: +€84,822
- Trade debts +€7,789
up €7,789 (+578%), from €1,348 to €9,137
- Tax, wage and social debts -€6,807
down €6,807 (-33.3%), from €20,418 to €13,610
of which Taxes: -€6,807
- Gross operating margin +€26,563
up €26,563 (+32.5%), from €81,733 to €108,296
- Taxes +€6,199
up €6,199 (+36.7%), from €16,886 to €23,085
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.
Derived cash bridge
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 | €123,792 | €209,359 | +€85,567 | +69.1% |
| Fixed assets | 21/28 | - | €2,864 | +€2,864 | |
| Tangible fixed assets | 22/27 | - | €2,864 | +€2,864 | |
| Furniture and vehicles | 24 | - | €2,864 | +€2,864 | |
| Current assets | 29/58 | €123,792 | €206,495 | +€82,703 | +66.8% |
| Amounts receivable within one year | 40/41 | €21,711 | €110,454 | +€88,743 | +409% |
| Trade receivables | 40 | €16,341 | €21,661 | +€5,321 | +32.6% |
| Other amounts receivable | 41 | €5,370 | €88,792 | +€83,422 | +1,553% |
| Cash at bank and in hand | 54/58 | €63,082 | €96,041 | +€32,959 | +52.2% |
| Deferred charges and accrued income | 490/1 | €39,000 | €0 | -€39,000 | -100% |
| Total equity and liabilities | 10/49 | €123,792 | €209,359 | +€85,567 | +69.1% |
| Equity | 10/15 | €101,252 | €186,074 | +€84,822 | +83.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €82,652 | €167,474 | +€84,822 | +103% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €82,652 | €167,474 | +€84,822 | +103% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €22,541 | €23,285 | +€744 | +3.3% |
| Amounts payable within one year | 42/48 | €22,541 | €23,285 | +€744 | +3.3% |
| Trade debts | 44 | €1,348 | €9,137 | +€7,789 | +578% |
| Suppliers | 440/4 | €1,348 | €9,137 | +€7,789 | +578% |
| Taxes, remuneration and social security | 45 | €20,418 | €13,610 | -€6,807 | -33.3% |
| Taxes | 450/3 | €18,268 | €11,460 | -€6,807 | -37.3% |
| Remuneration and social security | 454/9 | €2,150 | €2,150 | = | 0.0% |
| Other amounts payable | 47/48 | €775 | €537 | -€238 | -30.7% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €263 | +€263 | |
| Other operating charges | 640/8 | €1,715 | €743 | -€972 | -56.7% |
| Gross operating margin | 9900 | €81,733 | €108,296 | +€26,563 | +32.5% |
| Operating profit (loss) | 9901 | €80,018 | €107,290 | +€27,272 | +34.1% |
| Financial income | 75/76B | €585 | €986 | +€401 | +68.5% |
| Recurring financial income | 75 | €585 | €986 | +€401 | +68.5% |
| Financial charges | 65/66B | €948 | €369 | -€580 | -61.1% |
| Recurring financial charges | 65 | €948 | €369 | -€580 | -61.1% |
| Profit (loss) for the period before taxes | 9903 | €79,655 | €107,908 | +€28,252 | +35.5% |
| Income taxes | 67/77 | €16,886 | €23,085 | +€6,199 | +36.7% |
| Profit (loss) for the period | 9904 | €62,769 | €84,822 | +€22,054 | +35.1% |
| Profit (loss) for the period to be appropriated | 9905 | €62,769 | €84,822 | +€22,054 | +35.1% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.