Elovigo: 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.
Elovigo
Largest movements
- Receivables within one year -€27,439
down €27,439 (-65.8%), from €41,676 to €14,237
of which Trade receivables: -€35,532
- Cash -€12,470
down €12,470 (-19.4%), from €64,175 to €51,705
mainly Contributions, distributions and other (-€111,912) and Tax, wage and social debts (-€14,925)
- Tangible fixed assets -€2,512
down €2,512 (-44.6%), from €5,635 to €3,123
of which Furniture and vehicles: -€1,903
- Profit (loss) carried forward -€118,268
down €118,268 (-75.9%), from €155,771 to €37,503
- Other debts +€99,619
up €99,619 (+1,201%), from €8,298 to €107,917
- Tax, wage and social debts -€14,925
no longer reported in 2025 (was €14,925)
- Trade debts -€7,230
down €7,230 (-96.5%), from €7,492 to €262
- Gross operating margin -€58,151
down €58,151, from €50,669 to -€7,482
- Taxes -€9,609
down €9,609 (-97.0%), from €9,907 to €298
- Write-downs -€5,695
down €5,695, from €935 to -€4,760
- Financial income -€566
down €566 (-63.0%), from €898 to €332
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 | €191,486 | €150,682 | -€40,804 | -21.3% |
| Fixed assets | 21/28 | €5,635 | €3,123 | -€2,512 | -44.6% |
| Tangible fixed assets | 22/27 | €5,635 | €3,123 | -€2,512 | -44.6% |
| Furniture and vehicles | 24 | €2,798 | €895 | -€1,903 | -68.0% |
| Other tangible fixed assets | 26 | €2,837 | €2,228 | -€609 | -21.5% |
| Current assets | 29/58 | €185,851 | €147,559 | -€38,292 | -20.6% |
| Amounts receivable within one year | 40/41 | €41,676 | €14,237 | -€27,439 | -65.8% |
| Trade receivables | 40 | €39,131 | €3,599 | -€35,532 | -90.8% |
| Other amounts receivable | 41 | €2,545 | €10,638 | +€8,093 | +318% |
| Current investments | 50/53 | €80,000 | €80,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €64,175 | €51,705 | -€12,470 | -19.4% |
| Deferred charges and accrued income | 490/1 | - | €1,617 | +€1,617 | |
| Total equity and liabilities | 10/49 | €191,486 | €150,682 | -€40,804 | -21.3% |
| Equity | 10/15 | €160,771 | €42,503 | -€118,268 | -73.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €155,771 | €37,503 | -€118,268 | -75.9% |
| Amounts payable | 17/49 | €30,715 | €108,179 | +€77,464 | +252% |
| Amounts payable within one year | 42/48 | €30,715 | €108,179 | +€77,464 | +252% |
| Trade debts | 44 | €7,492 | €262 | -€7,230 | -96.5% |
| Suppliers | 440/4 | €7,492 | €262 | -€7,230 | -96.5% |
| Taxes, remuneration and social security | 45 | €14,925 | - | -€14,925 | |
| Taxes | 450/3 | €14,925 | - | -€14,925 | |
| Other amounts payable | 47/48 | €8,298 | €107,917 | +€99,619 | +1,201% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,753 | €2,512 | -€241 | -8.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €935 | -€4,760 | -€5,695 | |
| Other operating charges | 640/8 | €899 | €1,025 | +€126 | +14.0% |
| Gross operating margin | 9900 | €50,669 | -€7,482 | -€58,151 | |
| Operating profit (loss) | 9901 | €46,082 | -€6,259 | -€52,341 | |
| Financial income | 75/76B | €898 | €332 | -€566 | -63.0% |
| Recurring financial income | 75 | €898 | €332 | -€566 | -63.0% |
| Financial charges | 65/66B | €130 | €131 | +€1 | +0.8% |
| Recurring financial charges | 65 | €130 | €131 | +€1 | +0.8% |
| Profit (loss) for the period before taxes | 9903 | €46,850 | -€6,058 | -€52,908 | |
| Income taxes | 67/77 | €9,907 | €298 | -€9,609 | -97.0% |
| Profit (loss) for the period | 9904 | €36,943 | -€6,356 | -€43,299 | |
| Profit (loss) for the period to be appropriated | 9905 | €36,943 | -€6,356 | -€43,299 |
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 22 October 2026 via checked.be.