ELEVERCO: 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.
ELEVERCO
Largest movements
- Tangible fixed assets -€47,506
down €47,506 (-19.5%), from €243,077 to €195,571
of which Furniture and vehicles: -€38,619
- Receivables within one year +€46,106
up €46,106 (+205.9%), from €22,389 to €68,495
of which Trade receivables: +€44,250
- Cash -€20,418
down €20,418 (-19.8%), from €103,076 to €82,658
mainly Receivables within one year (-€46,106) and Debts after one year (-€15,917)
- Debts after one year -€15,917
down €15,917 (-15.6%), from €101,988 to €86,071
- Trade debts +€13,484
up €13,484 (+163.7%), from €8,235 to €21,719
- Other debts -€11,347
down €11,347 (-52.9%), from €21,435 to €10,088
- Tax, wage and social debts -€6,145
down €6,145 (-40.4%), from €15,197 to €9,052
of which Taxes: -€11,465
- Gross operating margin -€30,927
down €30,927 (-32.0%), from €96,605 to €65,678
- Taxes -€7,333
down €7,333 (-63.4%), from €11,573 to €4,240
- Depreciation +€2,233
up €2,233 (+5.3%), from €41,932 to €44,165
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 | €412,691 | €392,891 | -€19,800 | -4.8% |
| Fixed assets | 21/28 | €243,212 | €195,706 | -€47,506 | -19.5% |
| Tangible fixed assets | 22/27 | €243,077 | €195,571 | -€47,506 | -19.5% |
| Land and buildings | 22 | €115,203 | €106,975 | -€8,228 | -7.1% |
| Plant, machinery and equipment | 23 | €18,559 | €17,900 | -€659 | -3.6% |
| Furniture and vehicles | 24 | €109,315 | €70,696 | -€38,619 | -35.3% |
| Financial fixed assets | 28 | €135 | €135 | = | 0.0% |
| Current assets | 29/58 | €169,479 | €197,185 | +€27,706 | +16.3% |
| Stocks and contracts in progress | 3 | €41,840 | €44,003 | +€2,163 | +5.2% |
| Stocks | 30/36 | €41,840 | €44,003 | +€2,163 | +5.2% |
| Amounts receivable within one year | 40/41 | €22,389 | €68,495 | +€46,106 | +205.9% |
| Trade receivables | 40 | €22,389 | €66,639 | +€44,250 | +197.6% |
| Other amounts receivable | 41 | - | €1,856 | +€1,856 | |
| Cash at bank and in hand | 54/58 | €103,076 | €82,658 | -€20,418 | -19.8% |
| Deferred charges and accrued income | 490/1 | €2,174 | €2,029 | -€145 | -6.7% |
| Total equity and liabilities | 10/49 | €412,691 | €392,891 | -€19,800 | -4.8% |
| Equity | 10/15 | €250,005 | €249,745 | -€260 | -0.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €147,631 | €144,131 | -€3,500 | -2.4% |
| Distributable reserves | 133 | €147,631 | €144,131 | -€3,500 | -2.4% |
| Profit (loss) carried forward | 14 | €96,174 | €99,414 | +€3,240 | +3.4% |
| Amounts payable | 17/49 | €162,686 | €143,146 | -€19,540 | -12.0% |
| Amounts payable after more than one year | 17 | €101,988 | €86,071 | -€15,917 | -15.6% |
| Financial debts | 170/4 | €101,988 | €86,071 | -€15,917 | -15.6% |
| Amounts payable within one year | 42/48 | €60,407 | €56,776 | -€3,631 | -6.0% |
| Current portion of amounts payable after more than one year | 42 | €15,540 | €15,917 | +€377 | +2.4% |
| Trade debts | 44 | €8,235 | €21,719 | +€13,484 | +163.7% |
| Suppliers | 440/4 | €8,235 | €21,719 | +€13,484 | +163.7% |
| Taxes, remuneration and social security | 45 | €15,197 | €9,052 | -€6,145 | -40.4% |
| Taxes | 450/3 | €12,537 | €1,072 | -€11,465 | -91.4% |
| Remuneration and social security | 454/9 | €2,660 | €7,980 | +€5,320 | +200.0% |
| Other amounts payable | 47/48 | €21,435 | €10,088 | -€11,347 | -52.9% |
| Accrued charges and deferred income | 492/3 | €291 | €299 | +€8 | +2.7% |
| Non-recurring operating income | 76A | €115 | - | -€115 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,932 | €44,165 | +€2,233 | +5.3% |
| Other operating charges | 640/8 | €2,328 | €1,970 | -€358 | -15.4% |
| Non-recurring operating charges | 66A | - | €3,593 | +€3,593 | |
| Gross operating margin | 9900 | €96,605 | €65,678 | -€30,927 | -32.0% |
| Operating profit (loss) | 9901 | €52,345 | €15,950 | -€36,395 | -69.5% |
| Financial income | 75/76B | €179 | €560 | +€381 | +212.8% |
| Recurring financial income | 75 | €179 | €560 | +€381 | +212.8% |
| Financial charges | 65/66B | €3,021 | €2,530 | -€491 | -16.3% |
| Recurring financial charges | 65 | €3,021 | €2,530 | -€491 | -16.3% |
| Profit (loss) for the period before taxes | 9903 | €49,503 | €13,980 | -€35,523 | -71.8% |
| Income taxes | 67/77 | €11,573 | €4,240 | -€7,333 | -63.4% |
| Profit (loss) for the period | 9904 | €37,930 | €9,740 | -€28,190 | -74.3% |
| Profit (loss) for the period to be appropriated | 9905 | €37,930 | €9,740 | -€28,190 | -74.3% |
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 8 October 2026 via checked.be.