ELVESA: 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.
ELVESA
Largest movements
- Tangible fixed assets -€10,251
down €10,251 (-4.8%), from €212,008 to €201,757
of which Leasing and similar rights: -€9,313
- Profit (loss) carried forward -€9,524
down €9,524 (-16.6%), from -€57,536 to -€67,060
- Gross operating margin +€8,953
up €8,953, from -€502 to €8,451
- Other operating charges -€4,541
down €4,541 (-38.1%), from €11,904 to €7,363
- Depreciation +€938
up €938 (+10.1%), from €9,313 to €10,251
- Financial charges +€161
up €161 (+80.1%), from €201 to €362
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €213,606 | €203,002 | -€10,604 | -5.0% |
| Fixed assets | 21/28 | €212,008 | €201,757 | -€10,251 | -4.8% |
| Tangible fixed assets | 22/27 | €212,008 | €201,757 | -€10,251 | -4.8% |
| Furniture and vehicles | 24 | €3,764 | €2,826 | -€938 | -24.9% |
| Leasing and similar rights | 25 | €208,244 | €198,931 | -€9,313 | -4.5% |
| Current assets | 29/58 | €1,598 | €1,245 | -€353 | -22.1% |
| Cash at bank and in hand | 54/58 | €1,598 | €1,245 | -€353 | -22.1% |
| Total equity and liabilities | 10/49 | €213,606 | €203,002 | -€10,604 | -5.0% |
| Equity | 10/15 | €10,792 | €1,267 | -€9,525 | -88.3% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €6,355 | €6,354 | -€1 | 0.0% |
| Non-distributable reserves | 130/1 | €6,198 | €6,197 | -€1 | 0.0% |
| Legal reserve | 130 | €6,198 | €6,197 | -€1 | 0.0% |
| Tax-exempt reserves | 132 | €157 | €157 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€57,536 | -€67,060 | -€9,524 | -16.6% |
| Amounts payable | 17/49 | €202,814 | €201,735 | -€1,079 | -0.5% |
| Amounts payable within one year | 42/48 | €202,814 | €201,735 | -€1,079 | -0.5% |
| Trade debts | 44 | €10,632 | €9,377 | -€1,255 | -11.8% |
| Suppliers | 440/4 | €10,632 | €9,377 | -€1,255 | -11.8% |
| Other amounts payable | 47/48 | €192,182 | €192,358 | +€176 | +0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,313 | €10,251 | +€938 | +10.1% |
| Other operating charges | 640/8 | €11,904 | €7,363 | -€4,541 | -38.1% |
| Gross operating margin | 9900 | -€502 | €8,451 | +€8,953 | |
| Operating profit (loss) | 9901 | -€21,719 | -€9,163 | +€12,556 | +57.8% |
| Financial charges | 65/66B | €201 | €362 | +€161 | +80.1% |
| Recurring financial charges | 65 | €201 | €362 | +€161 | +80.1% |
| Profit (loss) for the period before taxes | 9903 | -€21,920 | -€9,525 | +€12,395 | +56.5% |
| Profit (loss) for the period | 9904 | -€21,920 | -€9,525 | +€12,395 | +56.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€21,920 | -€9,525 | +€12,395 | +56.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.