ELVA: 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.
What changed
ELVA
NACE 64.210, Activities of holding companies
fiscal year 2023 against 2024filed annual accounts (NBB)
Net result for the year
€6,937
2023 · €5,109+€1,828
Equity
€10.7m
2023 · €10.7m+€6,937
Cash
€430,709
2023 · €325,999+€104,711
Balance sheet total
€11.9m
2023 · €12.0m-€86,248
Largest movements
Assets
- Current investments -€490,413
down €490,413 (-23.4%), from €2.1m to €1.6m
- Financial fixed assets +€336,567
up €336,567 (+3.6%), from €9.3m to €9.7m
Equity and liabilities
No liability line moved by more than 1% of the balance sheet total.
Income statement
- Staff costs +€72,504
up €72,504 (+124.8%), from €58,093 to €130,597
- Gross operating margin +€34,795
up €34,795 (+70.7%), from -€49,223 to -€14,428
- Financial income +€20,252
up €20,252 (+11.0%), from €183,924 to €204,176
of which Financial income: +€20,252
- Depreciation -€17,244
down €17,244 (-69.8%), from €24,708 to €7,464
- Financial charges -€2,623
down €2,623 (-6.3%), from €41,515 to €38,892
From the 2023 result to the 2024 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.
Result 2023
€5,109
Gross operating margin
+€34,795
Staff costs
-€72,504
Depreciation
+€17,244
Other operating charges
-€703
Financial income
+€20,252
Financial charges
+€2,623
Taxes
+€122
Result 2024
€6,937
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€27,025
Investment
+€153,846
Financing
-€76,161
Cash 2023
€325,999
From operations (derived)
+€27,025
Net result for the year
+€6,937
Depreciation
+€7,464
Receivables within one year
+€29,675
Deferred charges and accrued income
-€27
Trade debts
-€63,764
Tax, wage and social debts
+€8,305
Accrued charges and deferred income
+€38,434
Investment (derived)
+€153,846
Investment in fixed assets (net)
-€336,567
Current investments
+€490,413
Financing
-€76,161
Debts after one year
-€76,161
Cash 2024
€430,709
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €12,002,176 | €11,915,928 | -€86,248 | -0.7% |
| Fixed assets | 21/28 | €9,336,914 | €9,666,017 | +€329,103 | +3.5% |
| Tangible fixed assets | 22/27 | €12,030 | €4,566 | -€7,464 | -62.0% |
| Furniture and vehicles | 24 | €12,030 | €4,566 | -€7,464 | -62.0% |
| Financial fixed assets | 28 | €9,324,884 | €9,661,451 | +€336,567 | +3.6% |
| Current assets | 29/58 | €2,665,262 | €2,249,910 | -€415,352 | -15.6% |
| Amounts receivable within one year | 40/41 | €233,062 | €203,387 | -€29,675 | -12.7% |
| Trade receivables | 40 | €218,876 | €185,134 | -€33,742 | -15.4% |
| Other amounts receivable | 41 | €14,186 | €18,253 | +€4,066 | +28.7% |
| Current investments | 50/53 | €2,095,466 | €1,605,053 | -€490,413 | -23.4% |
| Cash at bank and in hand | 54/58 | €325,999 | €430,709 | +€104,711 | +32.1% |
| Deferred charges and accrued income | 490/1 | €10,735 | €10,761 | +€27 | +0.2% |
| Total equity and liabilities | 10/49 | €12,002,176 | €11,915,928 | -€86,248 | -0.7% |
| Equity | 10/15 | €10,693,350 | €10,700,288 | +€6,937 | +0.1% |
| Contributions | 10/11 | €4,650,100 | €4,650,100 | = | 0.0% |
| Capital | 10 | €4,650,100 | €4,650,100 | = | 0.0% |
| Issued capital | 100 | €4,650,100 | €4,650,100 | = | 0.0% |
| Reserves | 13 | €6,043,250 | €6,050,188 | +€6,937 | +0.1% |
| Non-distributable reserves | 130/1 | €465,010 | €465,010 | = | 0.0% |
| Legal reserve | 130 | €465,010 | €465,010 | = | 0.0% |
| Distributable reserves | 133 | €5,578,240 | €5,585,178 | +€6,937 | +0.1% |
| Amounts payable | 17/49 | €1,308,825 | €1,215,640 | -€93,186 | -7.1% |
| Amounts payable after more than one year | 17 | €988,931 | €912,771 | -€76,161 | -7.7% |
| Financial debts | 170/4 | €988,931 | €912,771 | -€76,161 | -7.7% |
| Amounts payable within one year | 42/48 | €278,909 | €223,450 | -€55,459 | -19.9% |
| Current portion of amounts payable after more than one year | 42 | €20,001 | €20,001 | = | 0.0% |
| Trade debts | 44 | €250,265 | €186,501 | -€63,764 | -25.5% |
| Suppliers | 440/4 | €250,265 | €186,501 | -€63,764 | -25.5% |
| Taxes, remuneration and social security | 45 | €8,643 | €16,948 | +€8,305 | +96.1% |
| Taxes | 450/3 | €2,323 | €2,225 | -€99 | -4.2% |
| Remuneration and social security | 454/9 | €6,320 | €14,724 | +€8,404 | +133.0% |
| Accrued charges and deferred income | 492/3 | €40,985 | €79,419 | +€38,434 | +93.8% |
| Non-recurring operating income | 76A | €9,728 | €0 | -€9,728 | -100.0% |
| Remuneration, social security and pensions | 62 | €58,093 | €130,597 | +€72,504 | +124.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,708 | €7,464 | -€17,244 | -69.8% |
| Other operating charges | 640/8 | €3,293 | €3,997 | +€703 | +21.4% |
| Gross operating margin | 9900 | -€49,223 | -€14,428 | +€34,795 | +70.7% |
| Operating profit (loss) | 9901 | -€135,317 | -€156,486 | -€21,169 | -15.6% |
| Financial income | 75/76B | €183,924 | €204,176 | +€20,252 | +11.0% |
| Recurring financial income | 75 | €183,924 | €204,176 | +€20,252 | +11.0% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €41,515 | €38,892 | -€2,623 | -6.3% |
| Recurring financial charges | 65 | €41,515 | €38,892 | -€2,623 | -6.3% |
| Profit (loss) for the period before taxes | 9903 | €7,091 | €8,798 | +€1,706 | +24.1% |
| Income taxes | 67/77 | €1,982 | €1,860 | -€122 | -6.1% |
| Profit (loss) for the period | 9904 | €5,109 | €6,937 | +€1,828 | +35.8% |
| Profit (loss) for the period to be appropriated | 9905 | €5,109 | €6,937 | +€1,828 | +35.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.