ELTEVA: what changed
Two fiscal 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.
ELTEVA
Largest movements
- Receivables within one year +€29,149
up €29,149 (+41.5%), from €70,320 to €99,469
of which Trade receivables: +€17,915
- Tangible fixed assets -€19,962
down €19,962 (-64.7%), from €30,842 to €10,881
of which Leasing and similar rights: -€16,637
- Debts after one year -€15,247
no longer reported in 2025 (was €15,247)
- Reserves +€13,489
up €13,489 (+21.9%), from €61,563 to €75,052
of which Distributable reserves: +€13,489
- Tax, wage and social debts +€5,985
up €5,985 (+170.3%), from €3,515 to €9,500
of which Taxes: +€5,872
- Trade debts +€5,338
up €5,338 (+50.2%), from €10,633 to €15,971
- Current portion of long-term debt +€1,354
up €1,354 (+9.7%), from €13,893 to €15,247
- Gross operating margin +€3,653
up €3,653 (+4.1%), from €88,398 to €92,051
- Staff costs -€3,325
down €3,325 (-6.4%), from €51,718 to €48,393
- Depreciation +€969
up €969 (+5.1%), from €18,993 to €19,962
- Financial charges -€933
down €933 (-29.6%), from €3,154 to €2,221
of which Non-recurring financial charges: -€1,240
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.
Cash bridge derived
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 | €111,658 | €122,651 | +€10,993 | +9.8% |
| Fixed assets | 21/28 | €32,359 | €12,646 | -€19,713 | -60.9% |
| Tangible fixed assets | 22/27 | €30,842 | €10,881 | -€19,962 | -64.7% |
| Plant, machinery and equipment | 23 | €1,786 | €1,047 | -€739 | -41.4% |
| Furniture and vehicles | 24 | €2,425 | €1,543 | -€882 | -36.4% |
| Leasing and similar rights | 25 | €20,796 | €4,159 | -€16,637 | -80.0% |
| Other tangible fixed assets | 26 | €5,835 | €4,131 | -€1,704 | -29.2% |
| Financial fixed assets | 28 | €1,517 | €1,766 | +€249 | +16.4% |
| Current assets | 29/58 | €79,299 | €110,005 | +€30,706 | +38.7% |
| Amounts receivable within one year | 40/41 | €70,320 | €99,469 | +€29,149 | +41.5% |
| Trade receivables | 40 | €70,320 | €88,235 | +€17,915 | +25.5% |
| Other amounts receivable | 41 | - | €11,234 | +€11,234 | |
| Cash at bank and in hand | 54/58 | €5,502 | €6,594 | +€1,092 | +19.9% |
| Deferred charges and accrued income | 490/1 | €3,477 | €3,942 | +€465 | +13.4% |
| Total equity and liabilities | 10/49 | €111,658 | €122,651 | +€10,993 | +9.8% |
| Equity | 10/15 | €67,763 | €81,252 | +€13,489 | +19.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €61,563 | €75,052 | +€13,489 | +21.9% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €59,703 | €73,192 | +€13,489 | +22.6% |
| Amounts payable | 17/49 | €43,895 | €41,399 | -€2,496 | -5.7% |
| Amounts payable after more than one year | 17 | €15,247 | - | -€15,247 | |
| Financial debts | 170/4 | €15,247 | - | -€15,247 | |
| Amounts payable within one year | 42/48 | €28,648 | €41,399 | +€12,751 | +44.5% |
| Current portion of amounts payable after more than one year | 42 | €13,893 | €15,247 | +€1,354 | +9.7% |
| Trade debts | 44 | €10,633 | €15,971 | +€5,338 | +50.2% |
| Suppliers | 440/4 | €10,633 | €15,971 | +€5,338 | +50.2% |
| Taxes, remuneration and social security | 45 | €3,515 | €9,500 | +€5,985 | +170.3% |
| Taxes | 450/3 | €3,210 | €9,082 | +€5,872 | +182.9% |
| Remuneration and social security | 454/9 | €305 | €418 | +€113 | +37.0% |
| Other amounts payable | 47/48 | €607 | €681 | +€74 | +12.2% |
| Non-recurring operating income | 76A | €2,811 | €8 | -€2,803 | -99.7% |
| Remuneration, social security and pensions | 62 | €51,718 | €48,393 | -€3,325 | -6.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,993 | €19,962 | +€969 | +5.1% |
| Other operating charges | 640/8 | €3,513 | €3,401 | -€112 | -3.2% |
| Gross operating margin | 9900 | €88,398 | €92,051 | +€3,653 | +4.1% |
| Operating profit (loss) | 9901 | €14,174 | €20,295 | +€6,121 | +43.2% |
| Financial income | 75/76B | - | €22 | +€22 | |
| Recurring financial income | 75 | - | €22 | +€22 | |
| Financial charges | 65/66B | €3,154 | €2,221 | -€933 | -29.6% |
| Recurring financial charges | 65 | €1,914 | €2,221 | +€307 | +16.0% |
| Non-recurring financial charges | 66B | €1,240 | - | -€1,240 | |
| Profit (loss) for the period before taxes | 9903 | €11,020 | €18,095 | +€7,075 | +64.2% |
| Income taxes | 67/77 | €4,312 | €4,606 | +€294 | +6.8% |
| Profit (loss) for the period | 9904 | €6,708 | €13,489 | +€6,781 | +101.1% |
| Profit (loss) for the period to be appropriated | 9905 | €6,708 | €13,489 | +€6,781 | +101.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.