ELIVARD: 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.
ELIVARD
Largest movements
- Tangible fixed assets -€7,825
down €7,825 (-84.6%), from €9,250 to €1,425
- Deferred charges and accrued income -€7,457
down €7,457 (-97.0%), from €7,690 to €233
- Intangible fixed assets -€3,601
down €3,601 (-32.0%), from €11,237 to €7,637
- Cash -€1,941
down €1,941 (-21.7%), from €8,963 to €7,022
mainly Net result for the year (-€67,121) and Other debts (-€1,200)
- Profit (loss) carried forward -€67,121
down €67,121 (-92.6%), from -€72,449 to -€139,570
- Advances received +€24,339
up €24,339 (+31.9%), from €76,237 to €100,575
- Tax, wage and social debts +€22,315
up €22,315 (+329%), from €6,780 to €29,095
of which Remuneration and social security: +€21,892
- Other debts -€1,200
down €1,200 (-5.9%), from €20,191 to €18,991
- Trade debts +€1,023
up €1,023 (+76.0%), from €1,345 to €2,368
- Financial charges -€1,898
down €1,898 (-78.8%), from €2,407 to €510
- Staff costs -€1,669
down €1,669 (-100%), from €1,669 to €0
- Gross operating margin -€682
down €682 (-1.3%), from -€54,195 to -€54,876
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 | €37,505 | €16,813 | -€20,692 | -55.2% |
| Fixed assets | 21/28 | €20,487 | €9,061 | -€11,426 | -55.8% |
| Intangible fixed assets | 21 | €11,237 | €7,637 | -€3,601 | -32.0% |
| Tangible fixed assets | 22/27 | €9,250 | €1,425 | -€7,825 | -84.6% |
| Furniture and vehicles | 24 | €9,250 | €1,425 | -€7,825 | -84.6% |
| Current assets | 29/58 | €17,018 | €7,752 | -€9,266 | -54.4% |
| Amounts receivable within one year | 40/41 | €364 | €497 | +€132 | +36.4% |
| Other amounts receivable | 41 | €364 | €497 | +€132 | +36.4% |
| Cash at bank and in hand | 54/58 | €8,963 | €7,022 | -€1,941 | -21.7% |
| Deferred charges and accrued income | 490/1 | €7,690 | €233 | -€7,457 | -97.0% |
| Total equity and liabilities | 10/49 | €37,505 | €16,813 | -€20,692 | -55.2% |
| Equity | 10/15 | -€67,449 | -€134,570 | -€67,121 | -99.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€72,449 | -€139,570 | -€67,121 | -92.6% |
| Amounts payable | 17/49 | €104,954 | €151,383 | +€46,429 | +44.2% |
| Amounts payable within one year | 42/48 | €104,553 | €151,029 | +€46,476 | +44.5% |
| Trade debts | 44 | €1,345 | €2,368 | +€1,023 | +76.0% |
| Suppliers | 440/4 | €1,345 | €2,368 | +€1,023 | +76.0% |
| Advances received on contracts in progress | 46 | €76,237 | €100,575 | +€24,339 | +31.9% |
| Taxes, remuneration and social security | 45 | €6,780 | €29,095 | +€22,315 | +329% |
| Taxes | 450/3 | €2,436 | €2,858 | +€423 | +17.3% |
| Remuneration and social security | 454/9 | €4,345 | €26,237 | +€21,892 | +504% |
| Other amounts payable | 47/48 | €20,191 | €18,991 | -€1,200 | -5.9% |
| Accrued charges and deferred income | 492/3 | €401 | €354 | -€47 | -11.7% |
| Remuneration, social security and pensions | 62 | €1,669 | €0 | -€1,669 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,388 | €11,426 | +€38 | +0.3% |
| Other operating charges | 640/8 | €185 | €182 | -€4 | -2.0% |
| Gross operating margin | 9900 | -€54,195 | -€54,876 | -€682 | -1.3% |
| Operating profit (loss) | 9901 | -€67,437 | -€66,484 | +€953 | +1.4% |
| Financial income | 75/76B | - | €5 | +€5 | |
| Recurring financial income | 75 | - | €5 | +€5 | |
| Financial charges | 65/66B | €2,407 | €510 | -€1,898 | -78.8% |
| Recurring financial charges | 65 | €2,407 | €510 | -€1,898 | -78.8% |
| Profit (loss) for the period before taxes | 9903 | -€69,844 | -€66,989 | +€2,855 | +4.1% |
| Income taxes | 67/77 | €460 | €132 | -€328 | -71.3% |
| Profit (loss) for the period | 9904 | -€70,304 | -€67,121 | +€3,183 | +4.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€70,304 | -€67,121 | +€3,183 | +4.5% |
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 26 October 2026 via checked.be.