Elevate Performance: 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 Performance
Largest movements
- Receivables within one year +€40,217
up €40,217 (+83.8%), from €47,988 to €88,204
of which Trade receivables: +€22,131
- Cash +€19,549
up €19,549 (+236.2%), from €8,277 to €27,826
mainly Net result for the year (+€65,483) and Depreciation (+€5,558)
- Tangible fixed assets -€5,558
down €5,558 (-22.9%), from €24,258 to €18,700
of which Furniture and vehicles: -€5,424
- Profit (loss) carried forward +€65,483
up €65,483 (+136.6%), from €47,936 to €113,419
- Other debts -€7,662
no longer reported in 2025 (was €7,662)
- Tax, wage and social debts -€4,781
down €4,781 (-21.6%), from €22,121 to €17,340
of which Taxes: -€4,781
- Gross operating margin +€26,568
up €26,568 (+43.0%), from €61,832 to €88,400
- Depreciation +€4,304
up €4,304 (+343.2%), from €1,254 to €5,558
- Taxes +€4,268
up €4,268 (+34.1%), from €12,507 to €16,775
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 | €80,825 | €135,058 | +€54,233 | +67.1% |
| Fixed assets | 21/28 | €24,258 | €18,700 | -€5,558 | -22.9% |
| Tangible fixed assets | 22/27 | €24,258 | €18,700 | -€5,558 | -22.9% |
| Plant, machinery and equipment | 23 | €389 | €256 | -€133 | -34.3% |
| Furniture and vehicles | 24 | €23,869 | €18,445 | -€5,424 | -22.7% |
| Current assets | 29/58 | €56,567 | €116,358 | +€59,791 | +105.7% |
| Amounts receivable within one year | 40/41 | €47,988 | €88,204 | +€40,217 | +83.8% |
| Trade receivables | 40 | €47,774 | €69,905 | +€22,131 | +46.3% |
| Other amounts receivable | 41 | €214 | €18,299 | +€18,086 | +8468.3% |
| Cash at bank and in hand | 54/58 | €8,277 | €27,826 | +€19,549 | +236.2% |
| Deferred charges and accrued income | 490/1 | €302 | €328 | +€26 | +8.6% |
| Total equity and liabilities | 10/49 | €80,825 | €135,058 | +€54,233 | +67.1% |
| Equity | 10/15 | €49,936 | €115,419 | +€65,483 | +131.1% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €47,936 | €113,419 | +€65,483 | +136.6% |
| Amounts payable | 17/49 | €30,889 | €19,639 | -€11,250 | -36.4% |
| Amounts payable within one year | 42/48 | €30,889 | €19,639 | -€11,250 | -36.4% |
| Trade debts | 44 | €1,106 | €2,299 | +€1,193 | +107.8% |
| Suppliers | 440/4 | €1,106 | €2,299 | +€1,193 | +107.8% |
| Taxes, remuneration and social security | 45 | €22,121 | €17,340 | -€4,781 | -21.6% |
| Taxes | 450/3 | €20,446 | €15,665 | -€4,781 | -23.4% |
| Remuneration and social security | 454/9 | €1,675 | €1,675 | = | 0.0% |
| Other amounts payable | 47/48 | €7,662 | - | -€7,662 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,254 | €5,558 | +€4,304 | +343.2% |
| Other operating charges | 640/8 | €88 | €537 | +€448 | +506.6% |
| Gross operating margin | 9900 | €61,832 | €88,400 | +€26,568 | +43.0% |
| Operating profit (loss) | 9901 | €60,489 | €82,306 | +€21,816 | +36.1% |
| Financial charges | 65/66B | €46 | €47 | +€1 | +2.1% |
| Recurring financial charges | 65 | €46 | €47 | +€1 | +2.1% |
| Profit (loss) for the period before taxes | 9903 | €60,443 | €82,259 | +€21,815 | +36.1% |
| Income taxes | 67/77 | €12,507 | €16,775 | +€4,268 | +34.1% |
| Profit (loss) for the period | 9904 | €47,936 | €65,483 | +€17,548 | +36.6% |
| Profit (loss) for the period to be appropriated | 9905 | €47,936 | €65,483 | +€17,548 | +36.6% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.