ELEVO: 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.
ELEVO
Largest movements
- Receivables within one year +€46,530
up €46,530 (+149%), from €31,145 to €77,675
of which Trade receivables: +€48,827
- Cash +€22,451
up €22,451 (+11.9%), from €189,286 to €211,738
mainly Other debts (+€158,043) and Net result for the year (+€92,799)
- Tangible fixed assets +€4,355
up €4,355 (+109%), from €4,008 to €8,363
of which Furniture and vehicles: +€5,127
- Other debts +€158,043
up €158,043 (+154%), from €102,678 to €260,721
- Reserves -€90,391
no longer reported in 2025 (was €90,391)
- Tax, wage and social debts +€18,580
up €18,580 (+90.1%), from €20,622 to €39,202
of which Taxes: +€17,727
- Accrued charges and deferred income -€6,817
no longer reported in 2025 (was €6,817)
- Trade debts -€3,496
down €3,496 (-89.3%), from €3,916 to €420
- Gross operating margin +€33,715
up €33,715 (+35.6%), from €94,707 to €128,422
- Taxes +€13,641
up €13,641 (+74.0%), from €18,432 to €32,072
- Financial charges -€1,299
down €1,299 (-70.2%), from €1,851 to €552
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 | €230,423 | €306,343 | +€75,920 | +32.9% |
| Fixed assets | 21/28 | €4,008 | €8,363 | +€4,355 | +109% |
| Tangible fixed assets | 22/27 | €4,008 | €8,363 | +€4,355 | +109% |
| Plant, machinery and equipment | 23 | €772 | - | -€772 | |
| Furniture and vehicles | 24 | €3,236 | €8,363 | +€5,127 | +158% |
| Current assets | 29/58 | €226,415 | €297,980 | +€71,565 | +31.6% |
| Amounts receivable within one year | 40/41 | €31,145 | €77,675 | +€46,530 | +149% |
| Trade receivables | 40 | €27,352 | €76,179 | +€48,827 | +179% |
| Other amounts receivable | 41 | €3,793 | €1,496 | -€2,297 | -60.6% |
| Cash at bank and in hand | 54/58 | €189,286 | €211,738 | +€22,451 | +11.9% |
| Deferred charges and accrued income | 490/1 | €5,984 | €8,567 | +€2,583 | +43.2% |
| Total equity and liabilities | 10/49 | €230,423 | €306,343 | +€75,920 | +32.9% |
| Equity | 10/15 | €96,391 | €6,000 | -€90,391 | -93.8% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €90,391 | - | -€90,391 | |
| Distributable reserves | 133 | €90,391 | - | -€90,391 | |
| Amounts payable | 17/49 | €134,032 | €300,343 | +€166,311 | +124% |
| Amounts payable within one year | 42/48 | €127,216 | €300,343 | +€173,127 | +136% |
| Trade debts | 44 | €3,916 | €420 | -€3,496 | -89.3% |
| Suppliers | 440/4 | €3,916 | €420 | -€3,496 | -89.3% |
| Taxes, remuneration and social security | 45 | €20,622 | €39,202 | +€18,580 | +90.1% |
| Taxes | 450/3 | €20,622 | €38,349 | +€17,727 | +86.0% |
| Remuneration and social security | 454/9 | - | €853 | +€853 | |
| Other amounts payable | 47/48 | €102,678 | €260,721 | +€158,043 | +154% |
| Accrued charges and deferred income | 492/3 | €6,817 | - | -€6,817 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,315 | €2,261 | -€1,054 | -31.8% |
| Other operating charges | 640/8 | €823 | €738 | -€85 | -10.3% |
| Gross operating margin | 9900 | €94,707 | €128,422 | +€33,715 | +35.6% |
| Operating profit (loss) | 9901 | €90,569 | €125,423 | +€34,854 | +38.5% |
| Financial charges | 65/66B | €1,851 | €552 | -€1,299 | -70.2% |
| Recurring financial charges | 65 | €1,851 | €552 | -€1,299 | -70.2% |
| Profit (loss) for the period before taxes | 9903 | €88,719 | €124,871 | +€36,152 | +40.7% |
| Income taxes | 67/77 | €18,432 | €32,072 | +€13,641 | +74.0% |
| Profit (loss) for the period | 9904 | €70,287 | €92,799 | +€22,512 | +32.0% |
| Profit (loss) for the period to be appropriated | 9905 | €70,287 | €92,799 | +€22,512 | +32.0% |
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 17 October 2026 via checked.be.