ELVA: 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.
ELVA
Largest movements
- Cash +€18,615
up €18,615 (+5.7%), from €324,872 to €343,487
mainly Other debts (+€254,224) and Net result for the year (+€56,188)
- Other debts +€254,224
up €254,224 (+24392.6%), from €1,042 to €255,266
- Profit (loss) carried forward -€243,812
down €243,812 (-77.4%), from €315,077 to €71,266
- Contributions +€6,200
up €6,200 (+50.0%), from €12,400 to €18,600
- Gross operating margin -€19,735
down €19,735 (-20.8%), from €94,830 to €75,095
- Taxes -€3,126
down €3,126 (-16.2%), from €19,285 to €16,159
- Depreciation -€1,313
down €1,313 (-57.4%), from €2,289 to €976
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 | €329,865 | €348,695 | +€18,830 | +5.7% |
| Fixed assets | 21/28 | €1,783 | €808 | -€976 | -54.7% |
| Tangible fixed assets | 22/27 | €1,783 | €808 | -€976 | -54.7% |
| Plant, machinery and equipment | 23 | €292 | €0 | -€292 | -100.0% |
| Furniture and vehicles | 24 | €1,491 | €808 | -€684 | -45.8% |
| Current assets | 29/58 | €328,082 | €347,888 | +€19,806 | +6.0% |
| Amounts receivable within one year | 40/41 | €1,658 | €2,564 | +€906 | +54.7% |
| Trade receivables | 40 | €943 | €0 | -€943 | -100.0% |
| Other amounts receivable | 41 | €715 | €2,564 | +€1,849 | +258.7% |
| Cash at bank and in hand | 54/58 | €324,872 | €343,487 | +€18,615 | +5.7% |
| Deferred charges and accrued income | 490/1 | €1,552 | €1,837 | +€285 | +18.4% |
| Total equity and liabilities | 10/49 | €329,865 | €348,695 | +€18,830 | +5.7% |
| Equity | 10/15 | €327,477 | €89,866 | -€237,612 | -72.6% |
| Contributions | 10/11 | €12,400 | €18,600 | +€6,200 | +50.0% |
| Profit (loss) carried forward | 14 | €315,077 | €71,266 | -€243,812 | -77.4% |
| Amounts payable | 17/49 | €2,388 | €258,830 | +€256,442 | +10737.2% |
| Amounts payable within one year | 42/48 | €2,388 | €258,830 | +€256,442 | +10737.2% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €42 | €1,176 | +€1,134 | +2699.3% |
| Suppliers | 440/4 | €42 | €1,176 | +€1,134 | +2699.3% |
| Taxes, remuneration and social security | 45 | €1,304 | €2,388 | +€1,084 | +83.1% |
| Taxes | 450/3 | €1,304 | €2,388 | +€1,084 | +83.1% |
| Other amounts payable | 47/48 | €1,042 | €255,266 | +€254,224 | +24392.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,289 | €976 | -€1,313 | -57.4% |
| Other operating charges | 640/8 | €1,022 | €1,164 | +€142 | +13.9% |
| Gross operating margin | 9900 | €94,830 | €75,095 | -€19,735 | -20.8% |
| Operating profit (loss) | 9901 | €91,519 | €72,954 | -€18,565 | -20.3% |
| Financial income | 75/76B | €5 | €0 | -€5 | -100.0% |
| Recurring financial income | 75 | €5 | €0 | -€5 | -100.0% |
| Financial charges | 65/66B | €678 | €607 | -€71 | -10.5% |
| Recurring financial charges | 65 | €678 | €607 | -€71 | -10.5% |
| Profit (loss) for the period before taxes | 9903 | €90,846 | €72,347 | -€18,498 | -20.4% |
| Income taxes | 67/77 | €19,285 | €16,159 | -€3,126 | -16.2% |
| Profit (loss) for the period | 9904 | €71,561 | €56,188 | -€15,372 | -21.5% |
| Profit (loss) for the period to be appropriated | 9905 | €71,561 | €56,188 | -€15,372 | -21.5% |
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 12 October 2026 via checked.be.