ELVERDENT: 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.
ELVERDENT
Largest movements
- Tangible fixed assets +€64,880
up €64,880 (+140.1%), from €46,320 to €111,199
of which Land and buildings: +€65,011
- Cash +€25,262
up €25,262 (+136.7%), from €18,474 to €43,736
mainly Debts after one year (+€67,845) and Trade debts (+€22,467)
- Receivables within one year -€15,496
down €15,496 (-82.3%), from €18,833 to €3,337
of which Trade receivables: -€14,227
- Deferred charges and accrued income -€15,477
down €15,477 (-100.0%), from €15,477 to €0
- Intangible fixed assets +€8,998
new in 2025: €8,998
- Debts after one year +€67,845
up €67,845, from €0 to €67,845
- Reserves -€45,323
down €45,323 (-45.6%), from €99,323 to €54,000
- Profit (loss) carried forward +€33,534
up €33,534, from -€32,661 to €873
- Trade debts +€22,467
up €22,467 (+419.2%), from €5,359 to €27,826
- Tax, wage and social debts -€15,219
down €15,219 (-69.3%), from €21,970 to €6,751
of which Taxes: -€13,326
- Depreciation -€2,215
down €2,215 (-10.6%), from €20,925 to €18,710
- Financial charges +€2,064
up €2,064 (+549.6%), from €376 to €2,440
- Gross operating margin -€1,407
down €1,407 (-2.6%), from €53,248 to €51,840
- Taxes +€783
up €783 (+9.3%), from €8,394 to €9,178
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 | €99,555 | €167,333 | +€67,777 | +68.1% |
| Formation expenses | 20 | €452 | €0 | -€452 | -100.0% |
| Fixed assets | 21/28 | €46,320 | €120,260 | +€73,940 | +159.6% |
| Intangible fixed assets | 21 | - | €8,998 | +€8,998 | |
| Tangible fixed assets | 22/27 | €46,320 | €111,199 | +€64,880 | +140.1% |
| Land and buildings | 22 | €23,350 | €88,361 | +€65,011 | +278.4% |
| Plant, machinery and equipment | 23 | €7,453 | €8,886 | +€1,433 | +19.2% |
| Furniture and vehicles | 24 | €15,516 | €13,953 | -€1,563 | -10.1% |
| Financial fixed assets | 28 | - | €62 | +€62 | |
| Current assets | 29/58 | €52,784 | €47,073 | -€5,711 | -10.8% |
| Amounts receivable within one year | 40/41 | €18,833 | €3,337 | -€15,496 | -82.3% |
| Trade receivables | 40 | €14,227 | €0 | -€14,227 | -100.0% |
| Other amounts receivable | 41 | €4,606 | €3,337 | -€1,269 | -27.6% |
| Cash at bank and in hand | 54/58 | €18,474 | €43,736 | +€25,262 | +136.7% |
| Deferred charges and accrued income | 490/1 | €15,477 | €0 | -€15,477 | -100.0% |
| Total equity and liabilities | 10/49 | €99,555 | €167,333 | +€67,777 | +68.1% |
| Equity | 10/15 | €69,662 | €57,873 | -€11,789 | -16.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €99,323 | €54,000 | -€45,323 | -45.6% |
| Distributable reserves | 133 | €99,323 | €54,000 | -€45,323 | -45.6% |
| Profit (loss) carried forward | 14 | -€32,661 | €873 | +€33,534 | |
| Amounts payable | 17/49 | €29,893 | €109,459 | +€79,566 | +266.2% |
| Amounts payable after more than one year | 17 | €0 | €67,845 | +€67,845 | |
| Financial debts | 170/4 | €0 | €67,845 | +€67,845 | |
| Amounts payable within one year | 42/48 | €29,893 | €41,614 | +€11,721 | +39.2% |
| Current portion of amounts payable after more than one year | 42 | €2,564 | €7,037 | +€4,473 | +174.5% |
| Trade debts | 44 | €5,359 | €27,826 | +€22,467 | +419.2% |
| Suppliers | 440/4 | €5,359 | €27,826 | +€22,467 | +419.2% |
| Taxes, remuneration and social security | 45 | €21,970 | €6,751 | -€15,219 | -69.3% |
| Taxes | 450/3 | €18,149 | €4,823 | -€13,326 | -73.4% |
| Remuneration and social security | 454/9 | €3,822 | €1,928 | -€1,893 | -49.5% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,925 | €18,710 | -€2,215 | -10.6% |
| Other operating charges | 640/8 | €1,219 | €1,050 | -€169 | -13.9% |
| Non-recurring operating charges | 66A | - | €579 | +€579 | |
| Gross operating margin | 9900 | €53,248 | €51,840 | -€1,407 | -2.6% |
| Operating profit (loss) | 9901 | €31,103 | €31,501 | +€398 | +1.3% |
| Financial income | 75/76B | €5 | €92 | +€87 | +1652.1% |
| Recurring financial income | 75 | €5 | €92 | +€87 | +1652.1% |
| Financial charges | 65/66B | €376 | €2,440 | +€2,064 | +549.6% |
| Recurring financial charges | 65 | €376 | €2,440 | +€2,064 | +549.6% |
| Profit (loss) for the period before taxes | 9903 | €30,733 | €29,153 | -€1,580 | -5.1% |
| Income taxes | 67/77 | €8,394 | €9,178 | +€783 | +9.3% |
| Profit (loss) for the period | 9904 | €22,339 | €19,976 | -€2,363 | -10.6% |
| Profit (loss) for the period to be appropriated | 9905 | €22,339 | €19,976 | -€2,363 | -10.6% |
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 8 October 2026 via checked.be.