ELVANO IMMO: 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.
ELVANO IMMO
Largest movements
- Receivables within one year +€431,524
up €431,524 (+96,101%), from €449 to €431,973
of which Trade receivables: +€300,000
- Cash -€282,058
down €282,058 (-96.0%), from €293,906 to €11,848
mainly Receivables within one year (-€431,524) and Tax, wage and social debts (-€70,189)
- Tangible fixed assets -€26,441
down €26,441 (-2.9%), from €903,132 to €876,690
of which Land and buildings: -€24,499
- Reserves +€250,000
up €250,000 (+51.2%), from €488,000 to €738,000
of which Distributable reserves: +€250,000
- Tax, wage and social debts -€70,189
down €70,189 (-90.9%), from €77,188 to €6,998
- Other debts -€25,089
down €25,089 (-4.8%), from €525,678 to €500,590
- Profit (loss) carried forward -€22,988
down €22,988 (-91.4%), from €25,140 to €2,152
- Gross operating margin +€102,880
up €102,880 (+35.0%), from €294,078 to €396,958
- Taxes +€29,805
up €29,805 (+38.6%), from €77,163 to €106,968
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 | €1,197,603 | €1,320,634 | +€123,031 | +10.3% |
| Fixed assets | 21/28 | €903,132 | €876,690 | -€26,441 | -2.9% |
| Tangible fixed assets | 22/27 | €903,132 | €876,690 | -€26,441 | -2.9% |
| Land and buildings | 22 | €897,277 | €872,777 | -€24,499 | -2.7% |
| Other tangible fixed assets | 26 | €5,855 | €3,913 | -€1,942 | -33.2% |
| Current assets | 29/58 | €294,471 | €443,943 | +€149,472 | +50.8% |
| Amounts receivable within one year | 40/41 | €449 | €431,973 | +€431,524 | +96,101% |
| Trade receivables | 40 | - | €300,000 | +€300,000 | |
| Other amounts receivable | 41 | €449 | €131,973 | +€131,524 | +29,291% |
| Cash at bank and in hand | 54/58 | €293,906 | €11,848 | -€282,058 | -96.0% |
| Deferred charges and accrued income | 490/1 | €116 | €123 | +€7 | +5.9% |
| Total equity and liabilities | 10/49 | €1,197,603 | €1,320,634 | +€123,031 | +10.3% |
| Equity | 10/15 | €543,140 | €770,152 | +€227,012 | +41.8% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €488,000 | €738,000 | +€250,000 | +51.2% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Other | 1319 | €10,000 | €10,000 | = | 0.0% |
| Distributable reserves | 133 | €478,000 | €728,000 | +€250,000 | +52.3% |
| Profit (loss) carried forward | 14 | €25,140 | €2,152 | -€22,988 | -91.4% |
| Amounts payable | 17/49 | €654,463 | €550,482 | -€103,981 | -15.9% |
| Amounts payable after more than one year | 17 | €10,495 | - | -€10,495 | |
| Financial debts | 170/4 | €10,495 | - | -€10,495 | |
| Amounts payable within one year | 42/48 | €614,679 | €518,774 | -€95,905 | -15.6% |
| Current portion of amounts payable after more than one year | 42 | €10,382 | €10,495 | +€114 | +1.1% |
| Trade debts | 44 | €1,431 | €691 | -€740 | -51.7% |
| Suppliers | 440/4 | €1,431 | €691 | -€740 | -51.7% |
| Taxes, remuneration and social security | 45 | €77,188 | €6,998 | -€70,189 | -90.9% |
| Taxes | 450/3 | €77,188 | €6,998 | -€70,189 | -90.9% |
| Other amounts payable | 47/48 | €525,678 | €500,590 | -€25,089 | -4.8% |
| Accrued charges and deferred income | 492/3 | €29,288 | €31,708 | +€2,419 | +8.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,241 | €28,560 | -€680 | -2.3% |
| Other operating charges | 640/8 | €2,741 | €2,063 | -€678 | -24.7% |
| Gross operating margin | 9900 | €294,078 | €396,958 | +€102,880 | +35.0% |
| Operating profit (loss) | 9901 | €262,096 | €366,334 | +€104,238 | +39.8% |
| Financial income | 75/76B | €1 | €2 | +€1 | +116% |
| Recurring financial income | 75 | €1 | €2 | +€1 | +116% |
| Financial charges | 65/66B | €30,032 | €32,356 | +€2,324 | +7.7% |
| Recurring financial charges | 65 | €30,032 | €32,356 | +€2,324 | +7.7% |
| Profit (loss) for the period before taxes | 9903 | €232,065 | €333,980 | +€101,915 | +43.9% |
| Income taxes | 67/77 | €77,163 | €106,968 | +€29,805 | +38.6% |
| Profit (loss) for the period | 9904 | €154,902 | €227,012 | +€72,110 | +46.6% |
| Profit (loss) for the period to be appropriated | 9905 | €154,902 | €227,012 | +€72,110 | +46.6% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.