Elvece: 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.
Elvece
Largest movements
- Cash +€32,106
up €32,106 (+24.5%), from €131,088 to €163,194
mainly Debts after one year (+€57,794) and Net result for the year (+€29,032)
- Receivables after one year -€23,707
no longer reported in 2023 (was €23,707)
- Receivables within one year -€10,976
down €10,976 (-36.1%), from €30,420 to €19,444
of which Trade receivables: -€13,552
- Reserves -€70,968
down €70,968 (-44.9%), from €158,105 to €87,137
of which Distributable reserves: -€70,968
- Debts after one year +€57,794
new in 2023: €57,794
- Tax, wage and social debts +€18,023
up €18,023 (+428%), from €4,212 to €22,235
- Trade debts -€7,220
down €7,220 (-86.8%), from €8,316 to €1,096
- Gross operating margin -€5,788
down €5,788 (-12.4%), from €46,698 to €40,910
- Staff costs -€2,559
no longer reported in 2023 (was €2,559)
- Depreciation +€612
up €612 (+110%), from €557 to €1,169
- Other operating charges +€529
up €529 (+49.1%), from €1,077 to €1,606
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €189,233 | €186,862 | -€2,371 | -1.3% |
| Fixed assets | 21/28 | €3,016 | €1,847 | -€1,169 | -38.8% |
| Tangible fixed assets | 22/27 | €2,950 | €1,781 | -€1,169 | -39.6% |
| Furniture and vehicles | 24 | €2,950 | €1,781 | -€1,169 | -39.6% |
| Financial fixed assets | 28 | €66 | €66 | = | 0.0% |
| Current assets | 29/58 | €186,217 | €185,015 | -€1,202 | -0.6% |
| Amounts receivable after more than one year | 29 | €23,707 | - | -€23,707 | |
| Other amounts receivable | 291 | €23,707 | - | -€23,707 | |
| Amounts receivable within one year | 40/41 | €30,420 | €19,444 | -€10,976 | -36.1% |
| Trade receivables | 40 | €27,104 | €13,552 | -€13,552 | -50.0% |
| Other amounts receivable | 41 | €3,316 | €5,892 | +€2,576 | +77.7% |
| Cash at bank and in hand | 54/58 | €131,088 | €163,194 | +€32,106 | +24.5% |
| Deferred charges and accrued income | 490/1 | €1,003 | €2,377 | +€1,374 | +137% |
| Total equity and liabilities | 10/49 | €189,233 | €186,862 | -€2,371 | -1.3% |
| Equity | 10/15 | €176,705 | €105,737 | -€70,968 | -40.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €158,105 | €87,137 | -€70,968 | -44.9% |
| Non-distributable reserves | 130/1 | €682 | €682 | = | 0.0% |
| Reserves not available under the articles | 1311 | €682 | €682 | = | 0.0% |
| Distributable reserves | 133 | €157,423 | €86,455 | -€70,968 | -45.1% |
| Amounts payable | 17/49 | €12,528 | €81,125 | +€68,597 | +548% |
| Amounts payable after more than one year | 17 | - | €57,794 | +€57,794 | |
| Other amounts payable | 178/9 | - | €57,794 | +€57,794 | |
| Amounts payable within one year | 42/48 | €12,528 | €23,331 | +€10,803 | +86.2% |
| Trade debts | 44 | €8,316 | €1,096 | -€7,220 | -86.8% |
| Suppliers | 440/4 | €8,316 | €1,096 | -€7,220 | -86.8% |
| Taxes, remuneration and social security | 45 | €4,212 | €22,235 | +€18,023 | +428% |
| Taxes | 450/3 | €4,212 | €22,235 | +€18,023 | +428% |
| Remuneration, social security and pensions | 62 | €2,559 | - | -€2,559 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €557 | €1,169 | +€612 | +110% |
| Other operating charges | 640/8 | €1,077 | €1,606 | +€529 | +49.1% |
| Gross operating margin | 9900 | €46,698 | €40,910 | -€5,788 | -12.4% |
| Operating profit (loss) | 9901 | €42,505 | €38,135 | -€4,370 | -10.3% |
| Financial income | 75/76B | €862 | €1,096 | +€234 | +27.1% |
| Recurring financial income | 75 | €862 | €1,096 | +€234 | +27.1% |
| Financial charges | 65/66B | €341 | €436 | +€95 | +27.8% |
| Recurring financial charges | 65 | €341 | €436 | +€95 | +27.8% |
| Profit (loss) for the period before taxes | 9903 | €43,026 | €38,795 | -€4,231 | -9.8% |
| Income taxes | 67/77 | €10,125 | €9,763 | -€361 | -3.6% |
| Profit (loss) for the period | 9904 | €32,901 | €29,032 | -€3,869 | -11.8% |
| Profit (loss) for the period to be appropriated | 9905 | €32,901 | €29,032 | -€3,869 | -11.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.