Elevate Trading: 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 Trading
Largest movements
- Cash -€19,253
down €19,253 (-50.8%), from €37,916 to €18,663
mainly Net result for the year (-€21,171) and Debts after one year (-€12,607)
- Tangible fixed assets -€16,490
down €16,490 (-40.1%), from €41,111 to €24,620
of which Furniture and vehicles: -€16,257
- Receivables within one year +€2,482
up €2,482 (+4.0%), from €62,254 to €64,736
of which Trade receivables: +€17,100
- Reserves -€21,171
down €21,171 (-49.9%), from €42,412 to €21,242
of which Distributable reserves: -€21,171
- Debts after one year -€12,607
down €12,607 (-38.6%), from €32,675 to €20,068
- Tax, wage and social debts +€1,837
up €1,837 (+5.6%), from €32,822 to €34,659
- Financial charges +€44,299
up €44,299 (+1743.7%), from €2,541 to €46,840
- Gross operating margin -€22,806
down €22,806 (-34.6%), from €65,885 to €43,079
- Taxes -€13,395
down €13,395 (-98.0%), from €13,667 to €271
- Depreciation +€7,579
up €7,579 (+85.1%), from €8,911 to €16,490
- Financial income +€925
up €925 (+67.6%), from €1,369 to €2,293
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 | €141,280 | €108,018 | -€33,262 | -23.5% |
| Fixed assets | 21/28 | €41,111 | €24,620 | -€16,490 | -40.1% |
| Tangible fixed assets | 22/27 | €41,111 | €24,620 | -€16,490 | -40.1% |
| Plant, machinery and equipment | 23 | €589 | €355 | -€234 | -39.7% |
| Furniture and vehicles | 24 | €40,521 | €24,265 | -€16,257 | -40.1% |
| Current assets | 29/58 | €100,170 | €83,398 | -€16,771 | -16.7% |
| Amounts receivable within one year | 40/41 | €62,254 | €64,736 | +€2,482 | +4.0% |
| Trade receivables | 40 | - | €17,100 | +€17,100 | |
| Other amounts receivable | 41 | €62,254 | €47,636 | -€14,618 | -23.5% |
| Cash at bank and in hand | 54/58 | €37,916 | €18,663 | -€19,253 | -50.8% |
| Total equity and liabilities | 10/49 | €141,280 | €108,018 | -€33,262 | -23.5% |
| Equity | 10/15 | €61,012 | €39,842 | -€21,171 | -34.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €42,412 | €21,242 | -€21,171 | -49.9% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €40,552 | €19,382 | -€21,171 | -52.2% |
| Amounts payable | 17/49 | €80,268 | €68,177 | -€12,091 | -15.1% |
| Amounts payable after more than one year | 17 | €32,675 | €20,068 | -€12,607 | -38.6% |
| Financial debts | 170/4 | €32,675 | €20,068 | -€12,607 | -38.6% |
| Amounts payable within one year | 42/48 | €47,593 | €48,109 | +€516 | +1.1% |
| Current portion of amounts payable after more than one year | 42 | €12,024 | €12,607 | +€584 | +4.9% |
| Financial debts | 43 | €1,157 | €0 | -€1,157 | -100.0% |
| Credit institutions | 430/8 | €1,157 | €0 | -€1,157 | -100.0% |
| Trade debts | 44 | €1,590 | €843 | -€748 | -47.0% |
| Suppliers | 440/4 | €1,590 | €843 | -€748 | -47.0% |
| Taxes, remuneration and social security | 45 | €32,822 | €34,659 | +€1,837 | +5.6% |
| Taxes | 450/3 | €32,822 | €34,659 | +€1,837 | +5.6% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,911 | €16,490 | +€7,579 | +85.1% |
| Other operating charges | 640/8 | €2,672 | €2,942 | +€270 | +10.1% |
| Gross operating margin | 9900 | €65,885 | €43,079 | -€22,806 | -34.6% |
| Operating profit (loss) | 9901 | €54,302 | €23,647 | -€30,655 | -56.5% |
| Financial income | 75/76B | €1,369 | €2,293 | +€925 | +67.6% |
| Recurring financial income | 75 | €1,369 | €2,293 | +€925 | +67.6% |
| Financial charges | 65/66B | €2,541 | €46,840 | +€44,299 | +1743.7% |
| Recurring financial charges | 65 | €2,541 | €46,840 | +€44,299 | +1743.7% |
| Profit (loss) for the period before taxes | 9903 | €53,130 | -€20,899 | -€74,030 | |
| Income taxes | 67/77 | €13,667 | €271 | -€13,395 | -98.0% |
| Profit (loss) for the period | 9904 | €39,464 | -€21,171 | -€60,634 | |
| Profit (loss) for the period to be appropriated | 9905 | €39,464 | -€21,171 | -€60,634 |
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 4 October 2026 via checked.be.