ELVECHRIKA: what changed
Two fiscal 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.
What changed
ELVECHRIKA
NACE 70.200, Business and other management consultancy
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€271
2024 · €1,100-€830
Equity
€41,711
2024 · €41,440+€271
Cash
€5,474
2024 · €5,741-€267
Balance sheet total
€1.8m
2024 · €1.8m+€44,873
Largest movements
Assets
- Tangible fixed assets +€61,755
up €61,755 (+3.8%), from €1.6m to €1.7m
of which Land and buildings: +€47,470
Equity and liabilities
- Debts after one year +€30,660
up €30,660 (+1.8%), from €1.7m to €1.7m
Income statement
- Gross operating margin -€28,375
down €28,375 (-46.5%), from €61,000 to €32,625
- Depreciation -€25,853
down €25,853 (-51.6%), from €50,117 to €24,264
- Other operating charges -€988
down €988 (-16.2%), from €6,103 to €5,114
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.
Result 2024
€1,100
Gross operating margin
-€28,375
Depreciation
+€25,853
Other operating charges
+€988
Financial income
-€2
Financial charges
+€392
Taxes
+€314
Result 2025
€271
Cash bridge derived
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.
From operations
+€55,092
Investment
-€86,019
Financing
+€30,660
Cash 2024
€5,741
From operations (derived)
+€55,092
Net result for the year
+€271
Depreciation
+€24,264
Receivables within one year
+€16,806
Smaller working-capital items
-€236
Trade debts
+€1,218
Tax, wage and social debts
+€1,368
Other debts
+€11,401
Investment (derived)
-€86,019
Investment in fixed assets (net)
-€86,019
Financing
+€30,660
Debts after one year
+€30,660
Cash 2025
€5,474
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,788,682 | €1,833,556 | +€44,873 | +2.5% |
| Fixed assets | 21/28 | €1,618,140 | €1,679,895 | +€61,755 | +3.8% |
| Tangible fixed assets | 22/27 | €1,618,140 | €1,679,895 | +€61,755 | +3.8% |
| Land and buildings | 22 | €1,594,567 | €1,642,037 | +€47,470 | +3.0% |
| Plant, machinery and equipment | 23 | €23,067 | €37,691 | +€14,624 | +63.4% |
| Furniture and vehicles | 24 | €506 | €167 | -€339 | -67.0% |
| Current assets | 29/58 | €170,542 | €153,660 | -€16,882 | -9.9% |
| Amounts receivable within one year | 40/41 | €110,632 | €93,825 | -€16,806 | -15.2% |
| Trade receivables | 40 | €110,605 | €93,799 | -€16,806 | -15.2% |
| Other amounts receivable | 41 | €27 | €27 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €5,741 | €5,474 | -€267 | -4.7% |
| Deferred charges and accrued income | 490/1 | €54,169 | €54,361 | +€192 | +0.4% |
| Total equity and liabilities | 10/49 | €1,788,682 | €1,833,556 | +€44,873 | +2.5% |
| Equity | 10/15 | €41,440 | €41,711 | +€271 | +0.7% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €21,440 | €21,711 | +€271 | +1.3% |
| Non-distributable reserves | 130/1 | €9,777 | €9,777 | = | 0.0% |
| Reserves not available under the articles | 1311 | €9,777 | €9,777 | = | 0.0% |
| Distributable reserves | 133 | €11,663 | €11,934 | +€271 | +2.3% |
| Amounts payable | 17/49 | €1,747,242 | €1,791,845 | +€44,603 | +2.6% |
| Amounts payable after more than one year | 17 | €1,661,131 | €1,691,791 | +€30,660 | +1.8% |
| Financial debts | 170/4 | €1,661,131 | €1,691,791 | +€30,660 | +1.8% |
| Amounts payable within one year | 42/48 | €86,067 | €100,054 | +€13,987 | +16.3% |
| Trade debts | 44 | €118 | €1,336 | +€1,218 | +1032.7% |
| Suppliers | 440/4 | €118 | €1,336 | +€1,218 | +1032.7% |
| Taxes, remuneration and social security | 45 | €744 | €2,112 | +€1,368 | +183.8% |
| Taxes | 450/3 | €744 | €2,112 | +€1,368 | +183.8% |
| Other amounts payable | 47/48 | €85,204 | €96,606 | +€11,401 | +13.4% |
| Accrued charges and deferred income | 492/3 | €45 | - | -€45 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €50,117 | €24,264 | -€25,853 | -51.6% |
| Other operating charges | 640/8 | €6,103 | €5,114 | -€988 | -16.2% |
| Gross operating margin | 9900 | €61,000 | €32,625 | -€28,375 | -46.5% |
| Operating profit (loss) | 9901 | €4,780 | €3,247 | -€1,533 | -32.1% |
| Financial income | 75/76B | €3 | €0 | -€2 | -94.8% |
| Recurring financial income | 75 | €3 | €0 | -€2 | -94.8% |
| Financial charges | 65/66B | €3,368 | €2,976 | -€392 | -11.6% |
| Recurring financial charges | 65 | €3,368 | €2,976 | -€392 | -11.6% |
| Profit (loss) for the period before taxes | 9903 | €1,414 | €271 | -€1,144 | -80.9% |
| Income taxes | 67/77 | €314 | - | -€314 | |
| Profit (loss) for the period | 9904 | €1,100 | €271 | -€830 | -75.4% |
| Profit (loss) for the period to be appropriated | 9905 | €1,100 | €271 | -€830 | -75.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.