ELIOVP: 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.
What changed
ELIOVP
NACE 46.500, Wholesale of information and communication equipment
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€623,150
2024 · €3.2m-€2.6m
Equity
€7.8m
2024 · €8.2m-€376,850
Cash
€5.8m
2024 · €7.5m-€1.7m
Balance sheet total
€8.6m
2024 · €10.5m-€1.9m
Largest movements
Assets
- Cash -€1.7m
down €1.7m (-22.9%), from €7.5m to €5.8m
mainly Contributions, distributions and other (-€1.0m) and Other debts (-€794,355)
- Receivables within one year -€408,270
down €408,270 (-63.9%), from €638,902 to €230,632
of which Other amounts receivable: -€408,270
- Receivables after one year +€317,687
up €317,687 (+45.3%), from €701,817 to €1.0m
- Tangible fixed assets -€126,553
down €126,553 (-8.9%), from €1.4m to €1.3m
Equity and liabilities
- Reserves -€2.6m
down €2.6m (-72.4%), from €3.6m to €1.0m
of which Tax-exempt reserves: -€2.6m
- Profit (loss) carried forward +€2.3m
up €2.3m (+49.8%), from €4.5m to €6.8m
- Other debts -€794,355
down €794,355 (-54.1%), from €1.5m to €673,207
- Trade debts -€445,689
down €445,689 (-83.0%), from €537,075 to €91,386
- Accrued charges and deferred income -€203,051
down €203,051 (-100%), from €203,051 to €0
Income statement
- Turnover -€212.8m
down €212.8m (-98.8%), from €215.5m to €2.7m
- Goods and materials -€203.0m
down €203.0m (-98.7%), from €205.7m to €2.7m
- Services and other goods -€4.6m
down €4.6m (-87.8%), from €5.2m to €638,103
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.
Result 2024
€3.2m
Turnover
-€212.8m
Other operating income
+€1.1m
Goods and materials
+€203.0m
Services and other goods
+€4.6m
Depreciation
-€13,744
Write-downs
+€38,008
Other operating charges
-€50,969
Other operating items
+€422,280
Financial income
+€17,076
Financial charges
+€201,424
Taxes
+€841,081
Result 2025
€623,150
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
-€570,293
Investment
-€59,647
Financing
-€1.1m
Cash 2024
€7.5m
From operations (derived)
-€570,293
Net result for the year
+€623,150
Depreciation
+€189,695
Receivables after one year
-€317,687
Receivables within one year
+€408,270
Deferred charges and accrued income
+€7,085
Trade debts
-€445,689
Tax, wage and social debts
-€37,712
Other debts
-€794,355
Accrued charges and deferred income
-€203,051
Investment (derived)
-€59,647
Investment in fixed assets (net)
-€59,647
Financing
-€1.1m
Current portion of long-term debt
-€1,488
Short-term financial debts
-€85,313
Contributions, distributions and other
-€1.0m
Cash 2025
€5.8m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €10,510,957 | €8,566,500 | -€1.9m | -18.5% |
| Fixed assets | 21/28 | €1,475,303 | €1,345,255 | -€130,048 | -8.8% |
| Intangible fixed assets | 21 | €8,467 | €4,972 | -€3,495 | -41.3% |
| Tangible fixed assets | 22/27 | €1,414,336 | €1,287,783 | -€126,553 | -8.9% |
| Land and buildings | 22 | €948,789 | €928,359 | -€20,430 | -2.2% |
| Plant, machinery and equipment | 23 | €294,904 | €231,983 | -€62,921 | -21.3% |
| Furniture and vehicles | 24 | €170,643 | €127,441 | -€43,202 | -25.3% |
| Financial fixed assets | 28 | €52,500 | €52,500 | = | 0.0% |
| Affiliated companies | 280/1 | €52,500 | €52,500 | = | 0.0% |
| Participating interests | 280 | €52,500 | €52,500 | = | 0.0% |
| Current assets | 29/58 | €9,035,654 | €7,221,244 | -€1.8m | -20.1% |
| Amounts receivable after more than one year | 29 | €701,817 | €1,019,504 | +€317,687 | +45.3% |
| Other amounts receivable | 291 | €701,817 | €1,019,504 | +€317,687 | +45.3% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €638,902 | €230,632 | -€408,270 | -63.9% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €638,902 | €230,632 | -€408,270 | -63.9% |
| Current investments | 50/53 | €0 | - | = | |
| Other investments | 51/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €7,499,717 | €5,782,976 | -€1.7m | -22.9% |
| Deferred charges and accrued income | 490/1 | €195,218 | €188,132 | -€7,085 | -3.6% |
| Total equity and liabilities | 10/49 | €10,510,957 | €8,566,500 | -€1.9m | -18.5% |
| Equity | 10/15 | €8,178,160 | €7,801,310 | -€376,850 | -4.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €3,632,685 | €1,001,435 | -€2.6m | -72.4% |
| Tax-exempt reserves | 132 | €3,630,825 | €999,575 | -€2.6m | -72.5% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,526,875 | €6,781,275 | +€2.3m | +49.8% |
| Amounts payable | 17/49 | €2,332,797 | €765,190 | -€1.6m | -67.2% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Credit institutions | 173 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €2,129,745 | €765,190 | -€1.4m | -64.1% |
| Current portion of amounts payable after more than one year | 42 | €1,488 | €0 | -€1,488 | -100% |
| Financial debts | 43 | €85,313 | €0 | -€85,313 | -100% |
| Credit institutions | 430/8 | €85,313 | €0 | -€85,313 | -100% |
| Trade debts | 44 | €537,075 | €91,386 | -€445,689 | -83.0% |
| Suppliers | 440/4 | €537,075 | €91,386 | -€445,689 | -83.0% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €38,309 | €597 | -€37,712 | -98.4% |
| Taxes | 450/3 | €38,309 | €597 | -€37,712 | -98.4% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €1,467,562 | €673,207 | -€794,355 | -54.1% |
| Accrued charges and deferred income | 492/3 | €203,051 | €0 | -€203,051 | -100% |
| Operating income | 70/76A | €215,565,860 | €4,346,091 | -€211.2m | -98.0% |
| Turnover | 70 | €215,451,516 | €2,682,251 | -€212.8m | -98.8% |
| Other operating income | 74 | €34,596 | €1,174,689 | +€1.1m | +3,295% |
| Non-recurring operating income | 76A | €79,749 | €489,151 | +€409,403 | +513% |
| Operating charges | 60/66A | €211,178,574 | €3,609,994 | -€207.6m | -98.3% |
| Goods for resale, raw materials and consumables | 60 | €205,723,036 | €2,725,439 | -€203.0m | -98.7% |
| Purchases | 600/8 | €205,723,036 | €2,725,439 | -€203.0m | -98.7% |
| Services and other goods | 61 | €5,222,913 | €638,103 | -€4.6m | -87.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €175,952 | €189,695 | +€13,744 | +7.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €38,008 | €0 | -€38,008 | -100% |
| Other operating charges | 640/8 | €5,788 | €56,757 | +€50,969 | +881% |
| Non-recurring operating charges | 66A | €12,877 | €0 | -€12,877 | -100% |
| Operating profit (loss) | 9901 | €4,387,287 | €736,097 | -€3.7m | -83.2% |
| Financial income | 75/76B | €154,123 | €171,199 | +€17,076 | +11.1% |
| Recurring financial income | 75 | €154,123 | €171,199 | +€17,076 | +11.1% |
| Income from financial fixed assets | 750 | €0 | - | = | |
| Income from current assets | 751 | €153,956 | €140,986 | -€12,970 | -8.4% |
| Other financial income | 752/9 | €167 | €30,213 | +€30,047 | +18,035% |
| Financial charges | 65/66B | €262,854 | €61,431 | -€201,424 | -76.6% |
| Recurring financial charges | 65 | €262,854 | €61,431 | -€201,424 | -76.6% |
| Debt charges | 650 | €12,798 | €13,193 | +€395 | +3.1% |
| Other financial charges | 652/9 | €250,056 | €48,238 | -€201,818 | -80.7% |
| Profit (loss) for the period before taxes | 9903 | €4,278,555 | €845,865 | -€3.4m | -80.2% |
| Income taxes | 67/77 | €1,063,796 | €222,715 | -€841,081 | -79.1% |
| Taxes | 670/3 | €1,063,796 | €222,715 | -€841,081 | -79.1% |
| Profit (loss) for the period | 9904 | €3,214,759 | €623,150 | -€2.6m | -80.6% |
| Transfer from tax-exempt reserves | 789 | €947,550 | €2,631,250 | +€1.7m | +178% |
| Transfer to tax-exempt reserves | 689 | €999,875 | €0 | -€999,875 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | €3,162,434 | €3,254,400 | +€91,966 | +2.9% |
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 15 October 2026 via checked.be.