elve service: what changed
elve service
Largest movements
- Cash +€86,899
up €86,899 (+197%), from €44,204 to €131,103
mainly Trade debts (+€30,676) and Net result for the year (+€23,623)
- Tangible fixed assets -€12,998
down €12,998 (-75.3%), from €17,253 to €4,255
of which Furniture and vehicles: -€11,218
- Receivables within one year -€9,913
down €9,913 (-12.4%), from €80,207 to €70,293
of which Trade receivables: -€10,763
- Stocks and contracts -€2,151
down €2,151 (-20.6%), from €10,451 to €8,300
- Trade debts +€30,676
up €30,676 (+442%), from €6,947 to €37,623
- Profit (loss) carried forward +€13,066
no longer reported in 2025 (was -€13,066)
- Reserves +€10,557
up €10,557 (+6.9%), from €153,592 to €164,149
- Other debts +€4,674
up €4,674 (+96.6%), from €4,840 to €9,515
- Tax, wage and social debts +€3,032
up €3,032 (+14,233%), from €21 to €3,053
of which Taxes: +€3,053
- Staff costs -€30,585
down €30,585 (-84.7%), from €36,116 to €5,531
- Depreciation -€6,163
down €6,163 (-29.3%), from €21,047 to €14,885
- Taxes +€5,553
new in 2025: €5,553
- Gross operating margin +€4,057
up €4,057 (+8.4%), from €48,260 to €52,316
- Financial charges -€1,835
down €1,835 (-77.8%), from €2,359 to €524
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €152,434 | €214,440 | +€62,005 | +40.7% |
| Fixed assets | 21/28 | €17,253 | €4,255 | -€12,998 | -75.3% |
| Tangible fixed assets | 22/27 | €17,253 | €4,255 | -€12,998 | -75.3% |
| Plant, machinery and equipment | 23 | €3,124 | €1,345 | -€1,780 | -57.0% |
| Furniture and vehicles | 24 | €14,128 | €2,910 | -€11,218 | -79.4% |
| Current assets | 29/58 | €135,182 | €210,185 | +€75,003 | +55.5% |
| Stocks and contracts in progress | 3 | €10,451 | €8,300 | -€2,151 | -20.6% |
| Stocks | 30/36 | €10,451 | €8,300 | -€2,151 | -20.6% |
| Amounts receivable within one year | 40/41 | €80,207 | €70,293 | -€9,913 | -12.4% |
| Trade receivables | 40 | €62,753 | €51,990 | -€10,763 | -17.2% |
| Other amounts receivable | 41 | €17,453 | €18,303 | +€849 | +4.9% |
| Cash at bank and in hand | 54/58 | €44,204 | €131,103 | +€86,899 | +197% |
| Deferred charges and accrued income | 490/1 | €320 | €488 | +€168 | +52.6% |
| Total equity and liabilities | 10/49 | €152,434 | €214,440 | +€62,005 | +40.7% |
| Equity | 10/15 | €140,626 | €164,249 | +€23,623 | +16.8% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €153,592 | €164,149 | +€10,557 | +6.9% |
| Distributable reserves | 133 | €153,592 | €164,149 | +€10,557 | +6.9% |
| Profit (loss) carried forward | 14 | -€13,066 | - | +€13,066 | |
| Amounts payable | 17/49 | €11,809 | €50,191 | +€38,382 | +325% |
| Amounts payable within one year | 42/48 | €11,809 | €50,191 | +€38,382 | +325% |
| Trade debts | 44 | €6,947 | €37,623 | +€30,676 | +442% |
| Suppliers | 440/4 | €6,947 | €37,623 | +€30,676 | +442% |
| Taxes, remuneration and social security | 45 | €21 | €3,053 | +€3,032 | +14,233% |
| Taxes | 450/3 | - | €3,053 | +€3,053 | |
| Remuneration and social security | 454/9 | €21 | - | -€21 | |
| Other amounts payable | 47/48 | €4,840 | €9,515 | +€4,674 | +96.6% |
| Non-recurring operating income | 76A | - | €492 | +€492 | |
| Remuneration, social security and pensions | 62 | €36,116 | €5,531 | -€30,585 | -84.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,047 | €14,885 | -€6,163 | -29.3% |
| Other operating charges | 640/8 | €1,813 | €2,497 | +€684 | +37.7% |
| Gross operating margin | 9900 | €48,260 | €52,316 | +€4,057 | +8.4% |
| Operating profit (loss) | 9901 | -€10,717 | €29,403 | +€40,120 | |
| Financial income | 75/76B | €10 | €297 | +€288 | +2,975% |
| Recurring financial income | 75 | €10 | €297 | +€288 | +2,975% |
| Financial charges | 65/66B | €2,359 | €524 | -€1,835 | -77.8% |
| Recurring financial charges | 65 | €2,359 | €524 | -€1,835 | -77.8% |
| Profit (loss) for the period before taxes | 9903 | -€13,066 | €29,176 | +€42,243 | |
| Income taxes | 67/77 | - | €5,553 | +€5,553 | |
| Profit (loss) for the period | 9904 | -€13,066 | €23,623 | +€36,690 | |
| Profit (loss) for the period to be appropriated | 9905 | -€13,066 | €23,623 | +€36,690 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.