ELIVAL: 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.
ELIVAL
Largest movements
- Receivables within one year -€125,527
down €125,527 (-95.8%), from €131,009 to €5,482
of which Other amounts receivable: -€120,337
- Tangible fixed assets -€75,212
down €75,212 (-4.7%), from €1.6m to €1.5m
- Profit (loss) carried forward -€64,163
down €64,163 (-299.3%), from -€21,437 to -€85,600
- Other debts -€43,508
down €43,508 (-6.1%), from €709,985 to €666,477
- Trade debts -€24,391
no longer reported in 2025 (was €24,391)
- Debts after one year -€23,116
down €23,116 (-3.6%), from €650,767 to €627,651
- Current portion of long-term debt -€21,408
down €21,408 (-37.8%), from €56,632 to €35,224
- Depreciation +€36,413
up €36,413 (+45.5%), from €79,975 to €116,388
- Financial charges +€10,042
up €10,042 (+53.1%), from €18,925 to €28,967
- Other operating charges -€6,558
down €6,558 (-21.7%), from €30,151 to €23,593
- Financial income -€2,849
no longer reported in 2025 (was €2,849)
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 | €1,755,604 | €1,552,555 | -€203,049 | -11.6% |
| Fixed assets | 21/28 | €1,604,448 | €1,529,236 | -€75,212 | -4.7% |
| Tangible fixed assets | 22/27 | €1,604,448 | €1,529,236 | -€75,212 | -4.7% |
| Land and buildings | 22 | €1,165,093 | €1,140,677 | -€24,415 | -2.1% |
| Plant, machinery and equipment | 23 | €408,844 | €387,379 | -€21,465 | -5.3% |
| Furniture and vehicles | 24 | €30,511 | €1,179 | -€29,332 | -96.1% |
| Current assets | 29/58 | €151,156 | €23,319 | -€127,837 | -84.6% |
| Amounts receivable within one year | 40/41 | €131,009 | €5,482 | -€125,527 | -95.8% |
| Trade receivables | 40 | €10,614 | €5,424 | -€5,190 | -48.9% |
| Other amounts receivable | 41 | €120,394 | €58 | -€120,337 | -100.0% |
| Cash at bank and in hand | 54/58 | €14,922 | €12,557 | -€2,366 | -15.9% |
| Deferred charges and accrued income | 490/1 | €5,225 | €5,280 | +€55 | +1.1% |
| Total equity and liabilities | 10/49 | €1,755,604 | €1,552,555 | -€203,049 | -11.6% |
| Equity | 10/15 | €286,937 | €222,774 | -€64,163 | -22.4% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €246,874 | €246,874 | = | 0.0% |
| Non-distributable reserves | 130/1 | €14,254 | €14,254 | = | 0.0% |
| Legal reserve | 130 | €14,254 | €14,254 | = | 0.0% |
| Distributable reserves | 133 | €232,619 | €232,619 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€21,437 | -€85,600 | -€64,163 | -299.3% |
| Amounts payable | 17/49 | €1,468,667 | €1,329,781 | -€138,887 | -9.5% |
| Amounts payable after more than one year | 17 | €650,767 | €627,651 | -€23,116 | -3.6% |
| Financial debts | 170/4 | €650,767 | €627,651 | -€23,116 | -3.6% |
| Amounts payable within one year | 42/48 | €812,412 | €702,129 | -€110,283 | -13.6% |
| Current portion of amounts payable after more than one year | 42 | €56,632 | €35,224 | -€21,408 | -37.8% |
| Trade debts | 44 | €24,391 | - | -€24,391 | |
| Suppliers | 440/4 | €24,391 | - | -€24,391 | |
| Taxes, remuneration and social security | 45 | €21,404 | €428 | -€20,976 | -98.0% |
| Taxes | 450/3 | €16,404 | €428 | -€15,976 | -97.4% |
| Remuneration and social security | 454/9 | €5,000 | - | -€5,000 | |
| Other amounts payable | 47/48 | €709,985 | €666,477 | -€43,508 | -6.1% |
| Accrued charges and deferred income | 492/3 | €5,488 | - | -€5,488 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €79,975 | €116,388 | +€36,413 | +45.5% |
| Other operating charges | 640/8 | €30,151 | €23,593 | -€6,558 | -21.7% |
| Gross operating margin | 9900 | €105,380 | €105,214 | -€165 | -0.2% |
| Operating profit (loss) | 9901 | -€4,747 | -€34,767 | -€30,020 | -632.4% |
| Financial income | 75/76B | €2,849 | - | -€2,849 | |
| Recurring financial income | 75 | €2,849 | - | -€2,849 | |
| Financial charges | 65/66B | €18,925 | €28,967 | +€10,042 | +53.1% |
| Recurring financial charges | 65 | €18,925 | €28,967 | +€10,042 | +53.1% |
| Profit (loss) for the period before taxes | 9903 | -€20,822 | -€63,734 | -€42,912 | -206.1% |
| Income taxes | 67/77 | €615 | €428 | -€186 | -30.3% |
| Profit (loss) for the period | 9904 | -€21,437 | -€64,163 | -€42,726 | -199.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€21,437 | -€64,163 | -€42,726 | -199.3% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.