Elivak: 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.
Elivak
Largest movements
- Tangible fixed assets +€96,668
up €96,668 (+231%), from €41,878 to €138,546
of which Land and buildings: +€101,808
- Cash -€29,559
down €29,559 (-54.0%), from €54,762 to €25,204
mainly Investment in fixed assets (net) (-€119,931) and Other debts (-€49,423)
- Receivables within one year +€2,297
new in 2025: €2,297
- Debts after one year +€122,759
up €122,759 (+518%), from €23,711 to €146,471
- Other debts -€49,423
down €49,423 (-89.7%), from €55,069 to €5,646
- Tax, wage and social debts -€6,182
down €6,182 (-48.9%), from €12,647 to €6,465
- Current portion of long-term debt +€3,301
up €3,301 (+47.1%), from €7,014 to €10,315
- Depreciation +€13,032
up €13,032 (+127%), from €10,230 to €23,263
- Gross operating margin -€6,389
down €6,389 (-18.1%), from €35,286 to €28,897
- Taxes -€5,482
down €5,482 (-88.6%), from €6,185 to €703
- Financial charges +€2,498
up €2,498 (+160%), from €1,558 to €4,056
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 | €146,902 | €216,122 | +€69,221 | +47.1% |
| Fixed assets | 21/28 | €91,878 | €188,546 | +€96,668 | +105% |
| Tangible fixed assets | 22/27 | €41,878 | €138,546 | +€96,668 | +231% |
| Land and buildings | 22 | - | €101,808 | +€101,808 | |
| Plant, machinery and equipment | 23 | €1,247 | €6,196 | +€4,949 | +397% |
| Furniture and vehicles | 24 | €40,631 | €30,543 | -€10,089 | -24.8% |
| Financial fixed assets | 28 | €50,000 | €50,000 | = | 0.0% |
| Current assets | 29/58 | €55,024 | €27,576 | -€27,447 | -49.9% |
| Amounts receivable within one year | 40/41 | - | €2,297 | +€2,297 | |
| Other amounts receivable | 41 | - | €2,297 | +€2,297 | |
| Cash at bank and in hand | 54/58 | €54,762 | €25,204 | -€29,559 | -54.0% |
| Deferred charges and accrued income | 490/1 | €261 | €76 | -€186 | -71.1% |
| Total equity and liabilities | 10/49 | €146,902 | €216,122 | +€69,221 | +47.1% |
| Equity | 10/15 | €41,819 | €42,594 | +€775 | +1.9% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €39,819 | €40,594 | +€775 | +1.9% |
| Distributable reserves | 133 | €39,819 | €40,594 | +€775 | +1.9% |
| Amounts payable | 17/49 | €105,083 | €173,528 | +€68,446 | +65.1% |
| Amounts payable after more than one year | 17 | €23,711 | €146,471 | +€122,759 | +518% |
| Financial debts | 170/4 | €23,711 | €146,471 | +€122,759 | +518% |
| Amounts payable within one year | 42/48 | €81,371 | €27,057 | -€54,314 | -66.7% |
| Current portion of amounts payable after more than one year | 42 | €7,014 | €10,315 | +€3,301 | +47.1% |
| Trade debts | 44 | €6,641 | €4,631 | -€2,010 | -30.3% |
| Suppliers | 440/4 | €6,641 | €4,631 | -€2,010 | -30.3% |
| Taxes, remuneration and social security | 45 | €12,647 | €6,465 | -€6,182 | -48.9% |
| Taxes | 450/3 | €12,647 | €6,465 | -€6,182 | -48.9% |
| Other amounts payable | 47/48 | €55,069 | €5,646 | -€49,423 | -89.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,230 | €23,263 | +€13,032 | +127% |
| Other operating charges | 640/8 | €55 | €100 | +€45 | +81.3% |
| Gross operating margin | 9900 | €35,286 | €28,897 | -€6,389 | -18.1% |
| Operating profit (loss) | 9901 | €25,001 | €5,534 | -€19,466 | -77.9% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €1,558 | €4,056 | +€2,498 | +160% |
| Recurring financial charges | 65 | €1,558 | €4,056 | +€2,498 | +160% |
| Profit (loss) for the period before taxes | 9903 | €23,443 | €1,478 | -€21,965 | -93.7% |
| Income taxes | 67/77 | €6,185 | €703 | -€5,482 | -88.6% |
| Profit (loss) for the period | 9904 | €17,258 | €775 | -€16,483 | -95.5% |
| Profit (loss) for the period to be appropriated | 9905 | €17,258 | €775 | -€16,483 | -95.5% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.