eLVee: 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.
eLVee
Largest movements
- Cash +€9,682
up €9,682 (+17.1%), from €56,606 to €66,288
mainly Depreciation (+€36,137) and Net result for the year (+€16,720)
- Receivables within one year -€6,282
down €6,282 (-25.3%), from €24,865 to €18,582
of which Trade receivables: -€3,360
- Deferred charges and accrued income +€4,163
up €4,163 (+230%), from €1,812 to €5,975
- Reserves +€16,720
up €16,720 (+6.0%), from €279,002 to €295,723
of which Distributable reserves: +€16,720
- Current portion of long-term debt -€6,785
down €6,785 (-100%), from €6,785 to €0
- Other debts -€6,479
down €6,479 (-7.8%), from €82,689 to €76,209
- Tax, wage and social debts -€5,259
down €5,259 (-46.8%), from €11,248 to €5,989
of which Remuneration and social security: -€6,600
- Gross operating margin -€7,545
down €7,545 (-16.2%), from €46,660 to €39,115
- Financial income +€6,463
up €6,463 (+36.7%), from €17,626 to €24,089
- Taxes -€2,275
down €2,275 (-49.0%), from €4,641 to €2,366
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 | €396,604 | €400,815 | +€4,211 | +1.1% |
| Fixed assets | 21/28 | €264,395 | €261,043 | -€3,352 | -1.3% |
| Tangible fixed assets | 22/27 | €261,195 | €257,843 | -€3,352 | -1.3% |
| Land and buildings | 22 | €239,270 | €238,568 | -€702 | -0.3% |
| Plant, machinery and equipment | 23 | €14,302 | €10,710 | -€3,592 | -25.1% |
| Furniture and vehicles | 24 | €4,537 | €5,479 | +€942 | +20.8% |
| Other tangible fixed assets | 26 | €3,086 | €3,086 | = | 0.0% |
| Financial fixed assets | 28 | €3,200 | €3,200 | = | 0.0% |
| Current assets | 29/58 | €132,209 | €139,772 | +€7,563 | +5.7% |
| Amounts receivable within one year | 40/41 | €24,865 | €18,582 | -€6,282 | -25.3% |
| Trade receivables | 40 | €11,935 | €8,576 | -€3,360 | -28.1% |
| Other amounts receivable | 41 | €12,929 | €10,007 | -€2,923 | -22.6% |
| Current investments | 50/53 | €48,926 | €48,926 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €56,606 | €66,288 | +€9,682 | +17.1% |
| Deferred charges and accrued income | 490/1 | €1,812 | €5,975 | +€4,163 | +230% |
| Total equity and liabilities | 10/49 | €396,604 | €400,815 | +€4,211 | +1.1% |
| Equity | 10/15 | €291,402 | €308,123 | +€16,720 | +5.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €279,002 | €295,723 | +€16,720 | +6.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €279,002 | €295,723 | +€16,720 | +6.0% |
| Amounts payable | 17/49 | €105,201 | €92,692 | -€12,509 | -11.9% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €105,201 | €89,392 | -€15,809 | -15.0% |
| Current portion of amounts payable after more than one year | 42 | €6,785 | €0 | -€6,785 | -100% |
| Trade debts | 44 | €4,479 | €7,193 | +€2,714 | +60.6% |
| Suppliers | 440/4 | €4,479 | €7,193 | +€2,714 | +60.6% |
| Taxes, remuneration and social security | 45 | €11,248 | €5,989 | -€5,259 | -46.8% |
| Taxes | 450/3 | €4,648 | €5,989 | +€1,341 | +28.8% |
| Remuneration and social security | 454/9 | €6,600 | €0 | -€6,600 | -100% |
| Other amounts payable | 47/48 | €82,689 | €76,209 | -€6,479 | -7.8% |
| Accrued charges and deferred income | 492/3 | €0 | €3,300 | +€3,300 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,808 | €36,137 | +€329 | +0.9% |
| Other operating charges | 640/8 | €4,809 | €5,243 | +€434 | +9.0% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €46,660 | €39,115 | -€7,545 | -16.2% |
| Operating profit (loss) | 9901 | €6,043 | -€2,265 | -€8,308 | |
| Financial income | 75/76B | €17,626 | €24,089 | +€6,463 | +36.7% |
| Recurring financial income | 75 | €17,626 | €24,089 | +€6,463 | +36.7% |
| Financial charges | 65/66B | €3,139 | €2,737 | -€402 | -12.8% |
| Recurring financial charges | 65 | €3,139 | €2,737 | -€402 | -12.8% |
| Profit (loss) for the period before taxes | 9903 | €20,530 | €19,087 | -€1,443 | -7.0% |
| Income taxes | 67/77 | €4,641 | €2,366 | -€2,275 | -49.0% |
| Profit (loss) for the period | 9904 | €15,888 | €16,720 | +€832 | +5.2% |
| Profit (loss) for the period to be appropriated | 9905 | €15,888 | €16,720 | +€832 | +5.2% |
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 15 October 2026 via checked.be.