ELEVATE REALTY: 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 REALTY
Largest movements
- Receivables within one year +€13,870
up €13,870 (+21404.7%), from €65 to €13,935
of which Trade receivables: +€13,430
- Tangible fixed assets +€4,522
up €4,522 (+279.5%), from €1,618 to €6,140
- Cash -€3,381
down €3,381 (-51.1%), from €6,620 to €3,240
mainly Receivables within one year (-€13,870) and Investment in fixed assets (net) (-€5,700)
- Trade debts +€11,743
up €11,743 (+432.7%), from €2,714 to €14,456
- Other debts +€3,706
up €3,706 (+43.8%), from €8,465 to €12,171
- Tax, wage and social debts -€350
no longer reported in 2025 (was €350)
- Gross operating margin +€5,622
up €5,622, from -€3,995 to €1,627
- Depreciation +€511
up €511 (+76.6%), from €667 to €1,178
- Taxes +€378
new in 2025: €378
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 | €9,352 | €24,479 | +€15,128 | +161.8% |
| Fixed assets | 21/28 | €1,618 | €6,140 | +€4,522 | +279.5% |
| Tangible fixed assets | 22/27 | €1,618 | €6,140 | +€4,522 | +279.5% |
| Furniture and vehicles | 24 | €1,618 | €6,140 | +€4,522 | +279.5% |
| Current assets | 29/58 | €7,734 | €18,340 | +€10,606 | +137.1% |
| Amounts receivable within one year | 40/41 | €65 | €13,935 | +€13,870 | +21404.7% |
| Trade receivables | 40 | - | €13,430 | +€13,430 | |
| Other amounts receivable | 41 | €65 | €505 | +€440 | +679.7% |
| Cash at bank and in hand | 54/58 | €6,620 | €3,240 | -€3,381 | -51.1% |
| Deferred charges and accrued income | 490/1 | €1,049 | €1,165 | +€116 | +11.1% |
| Total equity and liabilities | 10/49 | €9,352 | €24,479 | +€15,128 | +161.8% |
| Equity | 10/15 | -€2,177 | -€2,148 | +€29 | +1.3% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,677 | -€4,648 | +€29 | +0.6% |
| Amounts payable | 17/49 | €11,529 | €26,628 | +€15,099 | +131.0% |
| Amounts payable within one year | 42/48 | €11,529 | €26,628 | +€15,099 | +131.0% |
| Trade debts | 44 | €2,714 | €14,456 | +€11,743 | +432.7% |
| Suppliers | 440/4 | €2,714 | €14,456 | +€11,743 | +432.7% |
| Taxes, remuneration and social security | 45 | €350 | - | -€350 | |
| Taxes | 450/3 | €350 | - | -€350 | |
| Other amounts payable | 47/48 | €8,465 | €12,171 | +€3,706 | +43.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €667 | €1,178 | +€511 | +76.6% |
| Gross operating margin | 9900 | -€3,995 | €1,627 | +€5,622 | |
| Operating profit (loss) | 9901 | -€4,662 | €449 | +€5,111 | |
| Financial charges | 65/66B | €15 | €42 | +€27 | +176.1% |
| Recurring financial charges | 65 | €15 | €42 | +€27 | +176.1% |
| Profit (loss) for the period before taxes | 9903 | -€4,677 | €407 | +€5,084 | |
| Income taxes | 67/77 | - | €378 | +€378 | |
| Profit (loss) for the period | 9904 | -€4,677 | €29 | +€4,706 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,677 | €29 | +€4,706 |
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 2 October 2026 via checked.be.