ELVA HOLDING: 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 HOLDING
Largest movements
- Cash -€151,429
down €151,429 (-97.5%), from €155,272 to €3,843
mainly Debts after one year (-€80,000) and Trade debts (-€59,672)
- Debts after one year -€80,000
down €80,000 (-5.5%), from €1.5m to €1.4m
- Trade debts -€59,672
down €59,672 (-98.2%), from €60,772 to €1,100
- Financial income -€2.2m
no longer reported in 2025 (was €2.2m)
of which Non-recurring financial income: -€2.2m
- Gross operating margin +€66,821
up €66,821 (+84.9%), from -€78,704 to -€11,882
- Financial charges -€2,622
down €2,622 (-27.7%), from €9,451 to €6,829
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 | €4,364,334 | €4,214,825 | -€149,509 | -3.4% |
| Fixed assets | 21/28 | €4,134,375 | €4,134,375 | = | 0.0% |
| Financial fixed assets | 28 | €4,134,375 | €4,134,375 | = | 0.0% |
| Current assets | 29/58 | €229,959 | €80,450 | -€149,509 | -65.0% |
| Amounts receivable within one year | 40/41 | €74,687 | €74,408 | -€280 | -0.4% |
| Other amounts receivable | 41 | €74,687 | €74,408 | -€280 | -0.4% |
| Cash at bank and in hand | 54/58 | €155,272 | €3,843 | -€151,429 | -97.5% |
| Deferred charges and accrued income | 490/1 | - | €2,200 | +€2,200 | |
| Total equity and liabilities | 10/49 | €4,364,334 | €4,214,825 | -€149,509 | -3.4% |
| Equity | 10/15 | €2,653,435 | €2,633,597 | -€19,838 | -0.7% |
| Contributions | 10/11 | €300,000 | €300,000 | = | 0.0% |
| Capital | 10 | €300,000 | - | -€300,000 | |
| Issued capital | 100 | €300,000 | - | -€300,000 | |
| Revaluation surpluses | 12 | €1,767,500 | €1,767,500 | = | 0.0% |
| Reserves | 13 | €585,935 | €566,097 | -€19,838 | -3.4% |
| Distributable reserves | 133 | €585,935 | €566,097 | -€19,838 | -3.4% |
| Amounts payable | 17/49 | €1,710,899 | €1,581,227 | -€129,672 | -7.6% |
| Amounts payable after more than one year | 17 | €1,450,000 | €1,370,000 | -€80,000 | -5.5% |
| Financial debts | 170/4 | €1,450,000 | €1,370,000 | -€80,000 | -5.5% |
| Amounts payable within one year | 42/48 | €260,899 | €211,227 | -€49,672 | -19.0% |
| Current portion of amounts payable after more than one year | 42 | €200,000 | €200,000 | = | 0.0% |
| Trade debts | 44 | €60,772 | €1,100 | -€59,672 | -98.2% |
| Suppliers | 440/4 | €60,772 | €1,100 | -€59,672 | -98.2% |
| Other amounts payable | 47/48 | €127 | €10,127 | +€10,000 | +7,849% |
| Other operating charges | 640/8 | €1,144 | €1,126 | -€17 | -1.5% |
| Gross operating margin | 9900 | -€78,704 | -€11,882 | +€66,821 | +84.9% |
| Operating profit (loss) | 9901 | -€79,848 | -€13,009 | +€66,839 | +83.7% |
| Financial income | 75/76B | €2,242,500 | - | -€2.2m | |
| Recurring financial income | 75 | €67,500 | - | -€67,500 | |
| Non-recurring financial income | 76B | €2,175,000 | - | -€2.2m | |
| Financial charges | 65/66B | €9,451 | €6,829 | -€2,622 | -27.7% |
| Recurring financial charges | 65 | €9,451 | €6,829 | -€2,622 | -27.7% |
| Profit (loss) for the period before taxes | 9903 | €2,153,202 | -€19,838 | -€2.2m | |
| Profit (loss) for the period | 9904 | €2,153,202 | -€19,838 | -€2.2m | |
| Profit (loss) for the period to be appropriated | 9905 | €2,153,202 | -€19,838 | -€2.2m |
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 25 October 2026 via checked.be.