Elivon: 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.
Elivon
Largest movements
- Cash -€248,987
down €248,987 (-44.5%), from €560,030 to €311,044
mainly Net result for the year (-€192,886) and Tax, wage and social debts (-€175,054)
- Tangible fixed assets -€229,539
down €229,539 (-5.0%), from €4.6m to €4.4m
- Current investments +€100,000
new in 2025: €100,000
- Profit (loss) carried forward -€192,886
down €192,886, from €107,914 to -€84,972
- Tax, wage and social debts -€175,054
down €175,054 (-59.9%), from €292,455 to €117,401
- Financial income -€1.6m
down €1.6m (-100.0%), from €1.6m to €289
of which Non-recurring financial income: -€1.6m
- Taxes -€426,736
down €426,736 (-99.1%), from €430,653 to €3,917
- Gross operating margin -€226,055
down €226,055 (-53.1%), from €425,655 to €199,600
- Financial charges -€25,198
down €25,198 (-19.1%), from €132,216 to €107,018
- Depreciation +€23,121
up €23,121 (+10.3%), from €224,710 to €247,831
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 | €5,241,702 | €4,884,778 | -€356,923 | -6.8% |
| Fixed assets | 21/28 | €4,628,980 | €4,399,441 | -€229,539 | -5.0% |
| Tangible fixed assets | 22/27 | €4,628,980 | €4,399,441 | -€229,539 | -5.0% |
| Land and buildings | 22 | €4,628,980 | €4,399,441 | -€229,539 | -5.0% |
| Current assets | 29/58 | €612,722 | €485,337 | -€127,384 | -20.8% |
| Amounts receivable within one year | 40/41 | €52,691 | €67,009 | +€14,318 | +27.2% |
| Trade receivables | 40 | €52,655 | €45,161 | -€7,494 | -14.2% |
| Other amounts receivable | 41 | €36 | €21,848 | +€21,812 | +61,184% |
| Current investments | 50/53 | - | €100,000 | +€100,000 | |
| Cash at bank and in hand | 54/58 | €560,030 | €311,044 | -€248,987 | -44.5% |
| Deferred charges and accrued income | 490/1 | - | €7,285 | +€7,285 | |
| Total equity and liabilities | 10/49 | €5,241,702 | €4,884,778 | -€356,923 | -6.8% |
| Equity | 10/15 | €1,372,779 | €1,179,893 | -€192,886 | -14.1% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €1,202,866 | €1,202,866 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €19,682 | €19,682 | = | 0.0% |
| Distributable reserves | 133 | €1,176,983 | €1,176,983 | = | 0.0% |
| Profit (loss) carried forward | 14 | €107,914 | -€84,972 | -€192,886 | |
| Amounts payable | 17/49 | €3,868,922 | €3,704,885 | -€164,037 | -4.2% |
| Amounts payable after more than one year | 17 | €3,309,779 | €3,317,072 | +€7,293 | +0.2% |
| Financial debts | 170/4 | €3,309,779 | €3,317,072 | +€7,293 | +0.2% |
| Amounts payable within one year | 42/48 | €559,143 | €387,813 | -€171,330 | -30.6% |
| Current portion of amounts payable after more than one year | 42 | €230,944 | €237,708 | +€6,763 | +2.9% |
| Trade debts | 44 | €35,539 | €11,066 | -€24,474 | -68.9% |
| Suppliers | 440/4 | €35,539 | €11,066 | -€24,474 | -68.9% |
| Taxes, remuneration and social security | 45 | €292,455 | €117,401 | -€175,054 | -59.9% |
| Taxes | 450/3 | €292,455 | €117,401 | -€175,054 | -59.9% |
| Other amounts payable | 47/48 | €204 | €21,639 | +€21,434 | +10,501% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €224,710 | €247,831 | +€23,121 | +10.3% |
| Other operating charges | 640/8 | €21,254 | €34,010 | +€12,756 | +60.0% |
| Gross operating margin | 9900 | €425,655 | €199,600 | -€226,055 | -53.1% |
| Operating profit (loss) | 9901 | €179,691 | -€82,241 | -€261,932 | |
| Financial income | 75/76B | €1,585,000 | €289 | -€1.6m | -100.0% |
| Recurring financial income | 75 | €0 | €289 | +€289 | +60,146% |
| Non-recurring financial income | 76B | €1,585,000 | - | -€1.6m | |
| Financial charges | 65/66B | €132,216 | €107,018 | -€25,198 | -19.1% |
| Recurring financial charges | 65 | €132,216 | €107,018 | -€25,198 | -19.1% |
| Profit (loss) for the period before taxes | 9903 | €1,632,475 | -€188,969 | -€1.8m | |
| Income taxes | 67/77 | €430,653 | €3,917 | -€426,736 | -99.1% |
| Profit (loss) for the period | 9904 | €1,201,823 | -€192,886 | -€1.4m | |
| Profit (loss) for the period to be appropriated | 9905 | €1,201,823 | -€192,886 | -€1.4m |
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.