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.
ELVA
Largest movements
- Receivables within one year +€37,284
up €37,284 (+35.6%), from €104,722 to €142,006
- Tangible fixed assets -€2,561
down €2,561 (-5.1%), from €49,912 to €47,352
- Reserves +€26,000
up €26,000 (+27.9%), from €93,199 to €119,199
of which Distributable reserves: +€26,000
- Tax, wage and social debts +€6,500
up €6,500 (+866.7%), from €750 to €7,250
- Short-term financial debts +€2,007
up €2,007 (+136.1%), from €1,475 to €3,481
- Gross operating margin +€29,419
up €29,419 (+310.5%), from €9,474 to €38,893
- Taxes +€5,750
up €5,750 (+766.7%), from €750 to €6,500
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €154,635 | €189,358 | +€34,723 | +22.5% |
| Fixed assets | 21/28 | €49,912 | €47,352 | -€2,561 | -5.1% |
| Tangible fixed assets | 22/27 | €49,912 | €47,352 | -€2,561 | -5.1% |
| Land and buildings | 22 | €49,912 | €47,352 | -€2,561 | -5.1% |
| Current assets | 29/58 | €104,722 | €142,006 | +€37,284 | +35.6% |
| Amounts receivable within one year | 40/41 | €104,722 | €142,006 | +€37,284 | +35.6% |
| Other amounts receivable | 41 | €104,722 | €142,006 | +€37,284 | +35.6% |
| Total equity and liabilities | 10/49 | €154,635 | €189,358 | +€34,723 | +22.5% |
| Equity | 10/15 | €150,228 | €176,516 | +€26,289 | +17.5% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €93,199 | €119,199 | +€26,000 | +27.9% |
| Non-distributable reserves | 130/1 | €2,500 | €2,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,500 | €2,500 | = | 0.0% |
| Distributable reserves | 133 | €90,699 | €116,699 | +€26,000 | +28.7% |
| Profit (loss) carried forward | 14 | €32,029 | €32,317 | +€289 | +0.9% |
| Amounts payable | 17/49 | €4,407 | €12,841 | +€8,435 | +191.4% |
| Amounts payable within one year | 42/48 | €4,407 | €12,841 | +€8,435 | +191.4% |
| Financial debts | 43 | €1,475 | €3,481 | +€2,007 | +136.1% |
| Credit institutions | 430/8 | €1,475 | €3,481 | +€2,007 | +136.1% |
| Trade debts | 44 | €72 | - | -€72 | |
| Suppliers | 440/4 | €72 | - | -€72 | |
| Taxes, remuneration and social security | 45 | €750 | €7,250 | +€6,500 | +866.7% |
| Taxes | 450/3 | €750 | €7,250 | +€6,500 | +866.7% |
| Other amounts payable | 47/48 | €2,110 | €2,110 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,794 | €2,561 | -€233 | -8.3% |
| Other operating charges | 640/8 | €3,106 | €3,086 | -€20 | -0.7% |
| Gross operating margin | 9900 | €9,474 | €38,893 | +€29,419 | +310.5% |
| Operating profit (loss) | 9901 | €3,574 | €33,246 | +€29,672 | +830.2% |
| Financial charges | 65/66B | €507 | €458 | -€50 | -9.8% |
| Recurring financial charges | 65 | €507 | €458 | -€50 | -9.8% |
| Profit (loss) for the period before taxes | 9903 | €3,067 | €32,789 | +€29,722 | +969.1% |
| Income taxes | 67/77 | €750 | €6,500 | +€5,750 | +766.7% |
| Profit (loss) for the period | 9904 | €2,317 | €26,289 | +€23,972 | +1034.7% |
| Profit (loss) for the period to be appropriated | 9905 | €2,317 | €26,289 | +€23,972 | +1034.7% |
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 7 October 2026 via checked.be.