ELVAco: 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.
ELVAco
Largest movements
- Cash +€17,166
up €17,166 (+95.8%), from €17,920 to €35,086
mainly Net result for the year (+€25,341) and Depreciation (+€3,028)
- Receivables within one year +€4,303
up €4,303 (+23.8%), from €18,108 to €22,411
of which Other amounts receivable: +€2,812
- Tangible fixed assets -€3,028
down €3,028 (-15.5%), from €19,596 to €16,568
of which Other tangible fixed assets: -€2,045
- Profit (loss) carried forward +€25,340
up €25,340 (+125%), from €20,289 to €45,629
- Trade debts -€5,478
down €5,478 (-79.6%), from €6,884 to €1,406
- Other debts -€1,655
down €1,655 (-45.9%), from €3,605 to €1,951
- Turnover -€127,483
no longer reported in 2025 (was €127,483)
- Purchases and services -€107,170
no longer reported in 2025 (was €107,170)
- Gross operating margin +€6,915
up €6,915 (+21.9%), from €31,621 to €38,536
- Taxes +€1,523
up €1,523 (+24.2%), from €6,287 to €7,810
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 | €62,356 | €80,208 | +€17,852 | +28.6% |
| Fixed assets | 21/28 | €19,596 | €16,568 | -€3,028 | -15.5% |
| Tangible fixed assets | 22/27 | €19,596 | €16,568 | -€3,028 | -15.5% |
| Furniture and vehicles | 24 | €1,467 | €484 | -€983 | -67.0% |
| Other tangible fixed assets | 26 | €18,129 | €16,084 | -€2,045 | -11.3% |
| Current assets | 29/58 | €42,760 | €63,640 | +€20,880 | +48.8% |
| Amounts receivable within one year | 40/41 | €18,108 | €22,411 | +€4,303 | +23.8% |
| Trade receivables | 40 | €15,310 | €16,801 | +€1,491 | +9.7% |
| Other amounts receivable | 41 | €2,798 | €5,610 | +€2,812 | +100% |
| Cash at bank and in hand | 54/58 | €17,920 | €35,086 | +€17,166 | +95.8% |
| Deferred charges and accrued income | 490/1 | €6,732 | €6,143 | -€589 | -8.7% |
| Total equity and liabilities | 10/49 | €62,356 | €80,208 | +€17,852 | +28.6% |
| Equity | 10/15 | €46,395 | €71,735 | +€25,340 | +54.6% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €16,106 | €16,106 | +€0 | 0.0% |
| Distributable reserves | 133 | €16,106 | €16,106 | +€0 | 0.0% |
| Profit (loss) carried forward | 14 | €20,289 | €45,629 | +€25,340 | +125% |
| Amounts payable | 17/49 | €15,961 | €8,473 | -€7,488 | -46.9% |
| Amounts payable within one year | 42/48 | €15,595 | €8,164 | -€7,432 | -47.7% |
| Trade debts | 44 | €6,884 | €1,406 | -€5,478 | -79.6% |
| Suppliers | 440/4 | €6,884 | €1,406 | -€5,478 | -79.6% |
| Taxes, remuneration and social security | 45 | €5,106 | €4,807 | -€299 | -5.9% |
| Taxes | 450/3 | €2,990 | €2,738 | -€252 | -8.4% |
| Remuneration and social security | 454/9 | €2,116 | €2,070 | -€46 | -2.2% |
| Other amounts payable | 47/48 | €3,605 | €1,951 | -€1,655 | -45.9% |
| Accrued charges and deferred income | 492/3 | €366 | €309 | -€57 | -15.5% |
| Turnover | 70 | €127,483 | - | -€127,483 | |
| Goods, raw materials, services and sundry goods | 60/61 | €107,170 | - | -€107,170 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,998 | €3,028 | +€30 | +1.0% |
| Other operating charges | 640/8 | €537 | €694 | +€157 | +29.2% |
| Gross operating margin | 9900 | €31,621 | €38,536 | +€6,915 | +21.9% |
| Operating profit (loss) | 9901 | €28,086 | €34,815 | +€6,729 | +24.0% |
| Financial charges | 65/66B | €510 | €1,664 | +€1,154 | +226% |
| Recurring financial charges | 65 | €510 | €1,664 | +€1,154 | +226% |
| Profit (loss) for the period before taxes | 9903 | €27,576 | €33,151 | +€5,575 | +20.2% |
| Income taxes | 67/77 | €6,287 | €7,810 | +€1,523 | +24.2% |
| Profit (loss) for the period | 9904 | €21,289 | €25,341 | +€4,052 | +19.0% |
| Profit (loss) for the period to be appropriated | 9905 | €21,289 | €25,341 | +€4,052 | +19.0% |
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 27 October 2026 via checked.be.