ELLIOT PEVENAGE: what changed
ELLIOT PEVENAGE
Largest movements
- Cash +€53,102
up €53,102 (+101%), from €52,361 to €105,464
mainly Net result for the year (+€36,263) and Other debts (+€35,492)
- Tangible fixed assets -€9,125
down €9,125 (-88.8%), from €10,277 to €1,152
- Intangible fixed assets -€8,000
down €8,000 (-12.6%), from €63,649 to €55,649
- Other debts +€35,492
up €35,492 (+37.6%), from €94,355 to €129,847
- Trade debts -€2,749
down €2,749 (-85.5%), from €3,215 to €466
- Gross operating margin +€11,464
up €11,464 (+24.4%), from €46,985 to €58,449
- Depreciation -€8,561
down €8,561 (-49.5%), from €17,310 to €8,749
- Financial charges +€1,824
up €1,824 (+1,025%), from €178 to €2,002
- Other operating charges +€1,555
up €1,555 (+162%), from €957 to €2,512
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €138,826 | €173,161 | +€34,335 | +24.7% |
| Fixed assets | 21/28 | €73,926 | €56,801 | -€17,125 | -23.2% |
| Intangible fixed assets | 21 | €63,649 | €55,649 | -€8,000 | -12.6% |
| Tangible fixed assets | 22/27 | €10,277 | €1,152 | -€9,125 | -88.8% |
| Furniture and vehicles | 24 | €10,277 | €1,152 | -€9,125 | -88.8% |
| Current assets | 29/58 | €64,899 | €116,360 | +€51,460 | +79.3% |
| Amounts receivable within one year | 40/41 | €1,077 | €577 | -€501 | -46.5% |
| Other amounts receivable | 41 | €1,077 | €577 | -€501 | -46.5% |
| Cash at bank and in hand | 54/58 | €52,361 | €105,464 | +€53,102 | +101% |
| Deferred charges and accrued income | 490/1 | €11,461 | €10,319 | -€1,141 | -10.0% |
| Total equity and liabilities | 10/49 | €138,826 | €173,161 | +€34,335 | +24.7% |
| Equity | 10/15 | €36,213 | €36,213 | = | 0.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €31,213 | €31,213 | = | 0.0% |
| Distributable reserves | 133 | €31,213 | €31,213 | = | 0.0% |
| Amounts payable | 17/49 | €102,613 | €136,948 | +€34,335 | +33.5% |
| Amounts payable within one year | 42/48 | €102,613 | €136,948 | +€34,335 | +33.5% |
| Trade debts | 44 | €3,215 | €466 | -€2,749 | -85.5% |
| Suppliers | 440/4 | €3,215 | €466 | -€2,749 | -85.5% |
| Taxes, remuneration and social security | 45 | €5,043 | €6,635 | +€1,592 | +31.6% |
| Taxes | 450/3 | €1,923 | €2,650 | +€727 | +37.8% |
| Remuneration and social security | 454/9 | €3,120 | €3,985 | +€865 | +27.7% |
| Other amounts payable | 47/48 | €94,355 | €129,847 | +€35,492 | +37.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,310 | €8,749 | -€8,561 | -49.5% |
| Other operating charges | 640/8 | €957 | €2,512 | +€1,555 | +162% |
| Gross operating margin | 9900 | €46,985 | €58,449 | +€11,464 | +24.4% |
| Operating profit (loss) | 9901 | €28,718 | €47,189 | +€18,471 | +64.3% |
| Financial charges | 65/66B | €178 | €2,002 | +€1,824 | +1,025% |
| Recurring financial charges | 65 | €178 | €2,002 | +€1,824 | +1,025% |
| Profit (loss) for the period before taxes | 9903 | €28,540 | €45,186 | +€16,646 | +58.3% |
| Income taxes | 67/77 | €8,923 | €8,923 | +€1 | 0.0% |
| Profit (loss) for the period | 9904 | €19,617 | €36,263 | +€16,646 | +84.9% |
| Profit (loss) for the period to be appropriated | 9905 | €19,617 | €36,263 | +€16,646 | +84.9% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.