Elovi: 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.
Elovi
Largest movements
- Stocks and contracts -€1,320
down €1,320 (-29.3%), from €4,500 to €3,180
- Receivables within one year +€481
up €481 (+196%), from €246 to €727
of which Other amounts receivable: +€727
- Cash -€467
down €467 (-12.1%), from €3,867 to €3,400
mainly Net result for the year (-€3,837) and Trade debts (-€736)
- Tangible fixed assets -€228
down €228 (-23.3%), from €978 to €751
- Profit (loss) carried forward -€3,837
down €3,837 (-91.5%), from -€4,192 to -€8,029
- Other debts +€3,676
up €3,676 (+38.7%), from €9,497 to €13,173
- Trade debts -€736
down €736 (-70.0%), from €1,051 to €315
- Tax, wage and social debts -€637
down €637 (-51.5%), from €1,236 to €599
- Other operating charges -€446
down €446 (-38.3%), from €1,165 to €719
- Financial charges +€137
up €137 (+427%), from €32 to €169
- Gross operating margin +€113
up €113 (+4.0%), from -€2,835 to -€2,722
- Depreciation +€67
up €67 (+42.0%), from €160 to €228
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 | €9,592 | €8,058 | -€1,533 | -16.0% |
| Fixed assets | 21/28 | €978 | €751 | -€228 | -23.3% |
| Tangible fixed assets | 22/27 | €978 | €751 | -€228 | -23.3% |
| Plant, machinery and equipment | 23 | €978 | €751 | -€228 | -23.3% |
| Current assets | 29/58 | €8,613 | €7,308 | -€1,305 | -15.2% |
| Stocks and contracts in progress | 3 | €4,500 | €3,180 | -€1,320 | -29.3% |
| Stocks | 30/36 | €4,500 | €3,180 | -€1,320 | -29.3% |
| Amounts receivable within one year | 40/41 | €246 | €727 | +€481 | +196% |
| Trade receivables | 40 | €246 | - | -€246 | |
| Other amounts receivable | 41 | - | €727 | +€727 | |
| Cash at bank and in hand | 54/58 | €3,867 | €3,400 | -€467 | -12.1% |
| Total equity and liabilities | 10/49 | €9,592 | €8,058 | -€1,533 | -16.0% |
| Equity | 10/15 | -€2,192 | -€6,029 | -€3,837 | -175% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,192 | -€8,029 | -€3,837 | -91.5% |
| Amounts payable | 17/49 | €11,784 | €14,088 | +€2,304 | +19.6% |
| Amounts payable within one year | 42/48 | €11,784 | €14,088 | +€2,304 | +19.6% |
| Trade debts | 44 | €1,051 | €315 | -€736 | -70.0% |
| Suppliers | 440/4 | €1,051 | €315 | -€736 | -70.0% |
| Taxes, remuneration and social security | 45 | €1,236 | €599 | -€637 | -51.5% |
| Taxes | 450/3 | €1,236 | €599 | -€637 | -51.5% |
| Other amounts payable | 47/48 | €9,497 | €13,173 | +€3,676 | +38.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €160 | €228 | +€67 | +42.0% |
| Other operating charges | 640/8 | €1,165 | €719 | -€446 | -38.3% |
| Gross operating margin | 9900 | -€2,835 | -€2,722 | +€113 | +4.0% |
| Operating profit (loss) | 9901 | -€4,160 | -€3,669 | +€492 | +11.8% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €32 | €169 | +€137 | +427% |
| Recurring financial charges | 65 | €32 | €169 | +€137 | +427% |
| Profit (loss) for the period before taxes | 9903 | -€4,192 | -€3,837 | +€355 | +8.5% |
| Profit (loss) for the period | 9904 | -€4,192 | -€3,837 | +€355 | +8.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,192 | -€3,837 | +€355 | +8.5% |
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 17 October 2026 via checked.be.