ELIV: 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.
ELIV
Largest movements
- Receivables within one year +€78,137
up €78,137 (+65.7%), from €118,873 to €197,010
of which Other amounts receivable: +€75,510
- Cash +€74,050
up €74,050 (+118%), from €62,966 to €137,016
mainly Net result for the year (+€107,610) and Tax, wage and social debts (+€47,658)
- Tangible fixed assets -€34,360
down €34,360 (-55.2%), from €62,214 to €27,854
of which Furniture and vehicles: -€45,141
- Reserves +€107,610
up €107,610 (+117%), from €91,679 to €199,288
- Tax, wage and social debts +€47,658
up €47,658 (+87.3%), from €54,615 to €102,273
of which Taxes: +€45,808
- Debts after one year -€26,725
down €26,725 (-82.7%), from €32,298 to €5,573
- Trade debts -€7,400
down €7,400 (-38.7%), from €19,106 to €11,706
- Gross operating margin +€37,860
up €37,860 (+31.6%), from €119,740 to €157,599
- Taxes +€8,680
up €8,680 (+35.8%), from €24,275 to €32,955
- Depreciation +€6,327
up €6,327 (+233%), from €2,717 to €9,045
- Other operating charges +€5,781
up €5,781 (+1,104%), from €524 to €6,304
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 | €244,447 | €361,881 | +€117,435 | +48.0% |
| Fixed assets | 21/28 | €62,214 | €27,854 | -€34,360 | -55.2% |
| Tangible fixed assets | 22/27 | €62,214 | €27,854 | -€34,360 | -55.2% |
| Plant, machinery and equipment | 23 | €2,614 | €5,316 | +€2,702 | +103% |
| Furniture and vehicles | 24 | €59,600 | €14,459 | -€45,141 | -75.7% |
| Other tangible fixed assets | 26 | - | €8,079 | +€8,079 | |
| Current assets | 29/58 | €182,233 | €334,027 | +€151,794 | +83.3% |
| Amounts receivable within one year | 40/41 | €118,873 | €197,010 | +€78,137 | +65.7% |
| Trade receivables | 40 | €118,770 | €121,397 | +€2,628 | +2.2% |
| Other amounts receivable | 41 | €103 | €75,613 | +€75,510 | +73,119% |
| Cash at bank and in hand | 54/58 | €62,966 | €137,016 | +€74,050 | +118% |
| Deferred charges and accrued income | 490/1 | €393 | - | -€393 | |
| Total equity and liabilities | 10/49 | €244,447 | €361,881 | +€117,435 | +48.0% |
| Equity | 10/15 | €94,679 | €202,288 | +€107,610 | +114% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €91,679 | €199,288 | +€107,610 | +117% |
| Distributable reserves | 133 | €91,679 | €199,288 | +€107,610 | +117% |
| Amounts payable | 17/49 | €149,768 | €159,593 | +€9,825 | +6.6% |
| Amounts payable after more than one year | 17 | €32,298 | €5,573 | -€26,725 | -82.7% |
| Financial debts | 170/4 | €32,298 | €5,573 | -€26,725 | -82.7% |
| Amounts payable within one year | 42/48 | €117,470 | €153,870 | +€36,400 | +31.0% |
| Current portion of amounts payable after more than one year | 42 | €7,713 | €5,369 | -€2,344 | -30.4% |
| Trade debts | 44 | €19,106 | €11,706 | -€7,400 | -38.7% |
| Suppliers | 440/4 | €19,106 | €11,706 | -€7,400 | -38.7% |
| Taxes, remuneration and social security | 45 | €54,615 | €102,273 | +€47,658 | +87.3% |
| Taxes | 450/3 | €54,615 | €100,423 | +€45,808 | +83.9% |
| Remuneration and social security | 454/9 | - | €1,850 | +€1,850 | |
| Other amounts payable | 47/48 | €36,036 | €34,522 | -€1,514 | -4.2% |
| Accrued charges and deferred income | 492/3 | - | €150 | +€150 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,717 | €9,045 | +€6,327 | +233% |
| Other operating charges | 640/8 | €524 | €6,304 | +€5,781 | +1,104% |
| Gross operating margin | 9900 | €119,740 | €157,599 | +€37,860 | +31.6% |
| Operating profit (loss) | 9901 | €116,499 | €142,250 | +€25,751 | +22.1% |
| Financial income | 75/76B | €2 | €37 | +€34 | +1,466% |
| Recurring financial income | 75 | €2 | €37 | +€34 | +1,466% |
| Financial charges | 65/66B | €548 | €1,723 | +€1,174 | +214% |
| Recurring financial charges | 65 | €548 | €1,723 | +€1,174 | +214% |
| Profit (loss) for the period before taxes | 9903 | €115,953 | €140,565 | +€24,611 | +21.2% |
| Income taxes | 67/77 | €24,275 | €32,955 | +€8,680 | +35.8% |
| Profit (loss) for the period | 9904 | €91,679 | €107,610 | +€15,931 | +17.4% |
| Profit (loss) for the period to be appropriated | 9905 | €91,679 | €107,610 | +€15,931 | +17.4% |
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 19 October 2026 via checked.be.