ELVER: 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.
ELVER
Largest movements
- Cash +€9,885
up €9,885 (+629.0%), from €1,572 to €11,457
mainly Net result for the year (+€34,668) and Current portion of long-term debt (+€862)
- Profit (loss) carried forward +€34,668
up €34,668, from €0 to €34,668
- Debts after one year -€21,850
down €21,850 (-22.0%), from €99,253 to €77,402
- Other debts -€3,666
down €3,666 (-100.0%), from €3,666 to €0
- Taxes -€4,729
down €4,729 (-30.0%), from €15,739 to €11,011
- Gross operating margin -€802
down €802 (-1.5%), from €52,555 to €51,753
- Financial charges -€771
down €771 (-13.9%), from €5,540 to €4,769
- Other operating charges +€769
up €769 (+537.1%), from €143 to €913
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €187,168 | €197,433 | +€10,266 | +5.5% |
| Fixed assets | 21/28 | €185,566 | €185,173 | -€393 | -0.2% |
| Tangible fixed assets | 22/27 | €3,697 | €3,304 | -€393 | -10.6% |
| Furniture and vehicles | 24 | €3,697 | €3,304 | -€393 | -10.6% |
| Financial fixed assets | 28 | €181,868 | €181,868 | = | 0.0% |
| Current assets | 29/58 | €1,602 | €12,261 | +€10,659 | +665.3% |
| Amounts receivable within one year | 40/41 | €0 | €238 | +€238 | |
| Other amounts receivable | 41 | €0 | €238 | +€238 | |
| Cash at bank and in hand | 54/58 | €1,572 | €11,457 | +€9,885 | +629.0% |
| Deferred charges and accrued income | 490/1 | €30 | €566 | +€536 | +1767.4% |
| Total equity and liabilities | 10/49 | €187,168 | €197,433 | +€10,266 | +5.5% |
| Equity | 10/15 | €57,267 | €91,935 | +€34,668 | +60.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €52,267 | €52,267 | = | 0.0% |
| Distributable reserves | 133 | €52,267 | €52,267 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €34,668 | +€34,668 | |
| Amounts payable | 17/49 | €129,900 | €105,498 | -€24,402 | -18.8% |
| Amounts payable after more than one year | 17 | €99,253 | €77,402 | -€21,850 | -22.0% |
| Financial debts | 170/4 | €99,253 | €77,402 | -€21,850 | -22.0% |
| Amounts payable within one year | 42/48 | €30,371 | €28,096 | -€2,275 | -7.5% |
| Current portion of amounts payable after more than one year | 42 | €20,989 | €21,850 | +€862 | +4.1% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €77 | €345 | +€268 | +348.4% |
| Suppliers | 440/4 | €77 | €345 | +€268 | +348.4% |
| Taxes, remuneration and social security | 45 | €5,639 | €5,900 | +€261 | +4.6% |
| Taxes | 450/3 | €5,639 | €5,900 | +€261 | +4.6% |
| Other amounts payable | 47/48 | €3,666 | €0 | -€3,666 | -100.0% |
| Accrued charges and deferred income | 492/3 | €276 | €0 | -€276 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €233 | €393 | +€160 | +68.7% |
| Other operating charges | 640/8 | €143 | €913 | +€769 | +537.1% |
| Gross operating margin | 9900 | €52,555 | €51,753 | -€802 | -1.5% |
| Operating profit (loss) | 9901 | €52,179 | €50,447 | -€1,731 | -3.3% |
| Financial income | 75/76B | €0 | €0 | +€0 | +100.0% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +100.0% |
| Financial charges | 65/66B | €5,540 | €4,769 | -€771 | -13.9% |
| Recurring financial charges | 65 | €5,540 | €4,769 | -€771 | -13.9% |
| Profit (loss) for the period before taxes | 9903 | €46,638 | €45,679 | -€960 | -2.1% |
| Income taxes | 67/77 | €15,739 | €11,011 | -€4,729 | -30.0% |
| Profit (loss) for the period | 9904 | €30,899 | €34,668 | +€3,769 | +12.2% |
| Profit (loss) for the period to be appropriated | 9905 | €30,899 | €34,668 | +€3,769 | +12.2% |
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 10 October 2026 via checked.be.