Elevate52: 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.
Elevate52
Largest movements
- Cash +€147,329
up €147,329 (+1,172%), from €12,576 to €159,905
mainly Net result for the year (+€110,446) and Tax, wage and social debts (+€36,624)
- Formation expenses -€2,100
down €2,100 (-100%), from €2,100 to €0
- Reserves +€110,400
up €110,400 (+1,213%), from €9,100 to €119,500
- Tax, wage and social debts +€36,624
up €36,624 (+734%), from €4,988 to €41,612
- Trade debts -€2,272
down €2,272 (-53.2%), from €4,268 to €1,996
- Gross operating margin +€132,920
up €132,920 (+1,129%), from €11,771 to €144,690
- Taxes +€29,066
up €29,066 (+1,242%), from €2,340 to €31,406
- Depreciation +€2,476
up €2,476 (+890%), from €278 to €2,754
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 | €21,395 | €166,194 | +€144,799 | +677% |
| Formation expenses | 20 | €2,100 | €0 | -€2,100 | -100% |
| Fixed assets | 21/28 | €6,483 | €5,829 | -€654 | -10.1% |
| Tangible fixed assets | 22/27 | €6,483 | €5,829 | -€654 | -10.1% |
| Other tangible fixed assets | 26 | €6,483 | €5,829 | -€654 | -10.1% |
| Current assets | 29/58 | €12,812 | €160,365 | +€147,552 | +1,152% |
| Cash at bank and in hand | 54/58 | €12,576 | €159,905 | +€147,329 | +1,172% |
| Deferred charges and accrued income | 490/1 | €237 | €460 | +€223 | +94.5% |
| Total equity and liabilities | 10/49 | €21,395 | €166,194 | +€144,799 | +677% |
| Equity | 10/15 | €12,139 | €122,585 | +€110,446 | +910% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €9,100 | €119,500 | +€110,400 | +1,213% |
| Distributable reserves | 133 | €9,100 | €119,500 | +€110,400 | +1,213% |
| Profit (loss) carried forward | 14 | €39 | €85 | +€46 | +119% |
| Amounts payable | 17/49 | €9,257 | €43,609 | +€34,352 | +371% |
| Amounts payable within one year | 42/48 | €9,257 | €43,609 | +€34,352 | +371% |
| Trade debts | 44 | €4,268 | €1,996 | -€2,272 | -53.2% |
| Suppliers | 440/4 | €4,268 | €1,996 | -€2,272 | -53.2% |
| Taxes, remuneration and social security | 45 | €4,988 | €41,612 | +€36,624 | +734% |
| Taxes | 450/3 | €4,988 | €41,612 | +€36,624 | +734% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €278 | €2,754 | +€2,476 | +890% |
| Gross operating margin | 9900 | €11,771 | €144,690 | +€132,920 | +1,129% |
| Operating profit (loss) | 9901 | €11,493 | €141,936 | +€130,444 | +1,135% |
| Financial charges | 65/66B | €14 | €84 | +€70 | +511% |
| Recurring financial charges | 65 | €14 | €84 | +€70 | +511% |
| Profit (loss) for the period before taxes | 9903 | €11,479 | €141,852 | +€130,374 | +1,136% |
| Income taxes | 67/77 | €2,340 | €31,406 | +€29,066 | +1,242% |
| Profit (loss) for the period | 9904 | €9,139 | €110,446 | +€101,308 | +1,109% |
| Profit (loss) for the period to be appropriated | 9905 | €9,139 | €110,446 | +€101,308 | +1,109% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.