Elevating Real Estate: 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.
Elevating Real Estate
Largest movements
- Tangible fixed assets +€16,018
up €16,018 (+346%), from €4,635 to €20,653
- Cash -€5,978
down €5,978 (-13.4%), from €44,520 to €38,542
mainly Investment in fixed assets (net) (-€22,012) and Debts after one year (-€10,134)
- Profit (loss) carried forward +€34,411
up €34,411, from -€34,411 to €0
- Debts after one year -€10,134
down €10,134 (-100%), from €10,134 to €0
- Other debts -€9,407
down €9,407 (-35.3%), from €26,667 to €17,260
- Reserves -€7,406
down €7,406 (-30.4%), from €24,350 to €16,944
- Trade debts +€2,357
up €2,357 (+1,348%), from €175 to €2,532
- Gross operating margin +€65,835
up €65,835, from -€28,503 to €37,332
- Depreciation +€4,477
up €4,477 (+242%), from €1,848 to €6,325
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 | €58,683 | €68,561 | +€9,878 | +16.8% |
| Fixed assets | 21/28 | €6,465 | €22,153 | +€15,687 | +243% |
| Intangible fixed assets | 21 | €331 | €0 | -€331 | -100% |
| Tangible fixed assets | 22/27 | €4,635 | €20,653 | +€16,018 | +346% |
| Furniture and vehicles | 24 | €4,635 | €20,653 | +€16,018 | +346% |
| Financial fixed assets | 28 | €1,500 | €1,500 | = | 0.0% |
| Current assets | 29/58 | €52,218 | €46,408 | -€5,809 | -11.1% |
| Amounts receivable within one year | 40/41 | €7,698 | €7,867 | +€169 | +2.2% |
| Trade receivables | 40 | €3,187 | €3,630 | +€443 | +13.9% |
| Other amounts receivable | 41 | €4,511 | €4,237 | -€274 | -6.1% |
| Cash at bank and in hand | 54/58 | €44,520 | €38,542 | -€5,978 | -13.4% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €58,683 | €68,561 | +€9,878 | +16.8% |
| Equity | 10/15 | €8,539 | €35,544 | +€27,005 | +316% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €24,350 | €16,944 | -€7,406 | -30.4% |
| Distributable reserves | 133 | €24,350 | €16,944 | -€7,406 | -30.4% |
| Profit (loss) carried forward | 14 | -€34,411 | €0 | +€34,411 | |
| Amounts payable | 17/49 | €50,144 | €33,017 | -€17,127 | -34.2% |
| Amounts payable after more than one year | 17 | €10,134 | €0 | -€10,134 | -100% |
| Financial debts | 170/4 | €10,134 | €0 | -€10,134 | -100% |
| Amounts payable within one year | 42/48 | €40,010 | €33,017 | -€6,993 | -17.5% |
| Current portion of amounts payable after more than one year | 42 | €9,786 | €10,134 | +€348 | +3.6% |
| Trade debts | 44 | €175 | €2,532 | +€2,357 | +1,348% |
| Suppliers | 440/4 | €175 | €2,532 | +€2,357 | +1,348% |
| Taxes, remuneration and social security | 45 | €3,382 | €3,090 | -€292 | -8.6% |
| Taxes | 450/3 | €3,382 | €3,090 | -€292 | -8.6% |
| Other amounts payable | 47/48 | €26,667 | €17,260 | -€9,407 | -35.3% |
| Remuneration, social security and pensions | 62 | €184 | €0 | -€184 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,848 | €6,325 | +€4,477 | +242% |
| Other operating charges | 640/8 | €2,452 | €2,760 | +€309 | +12.6% |
| Gross operating margin | 9900 | -€28,503 | €37,332 | +€65,835 | |
| Operating profit (loss) | 9901 | -€32,987 | €28,247 | +€61,234 | |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €1,161 | €1,035 | -€126 | -10.9% |
| Recurring financial charges | 65 | €1,161 | €1,035 | -€126 | -10.9% |
| Profit (loss) for the period before taxes | 9903 | -€34,148 | €27,213 | +€61,361 | |
| Income taxes | 67/77 | €263 | €208 | -€55 | -20.8% |
| Profit (loss) for the period | 9904 | -€34,411 | €27,005 | +€61,416 | |
| Profit (loss) for the period to be appropriated | 9905 | -€34,411 | €27,005 | +€61,416 |
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 18 October 2026 via checked.be.