ELVESIX: 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.
ELVESIX
Largest movements
- Tangible fixed assets -€15,554
down €15,554 (-64.9%), from €23,970 to €8,416
- Cash +€13,891
up €13,891 (+177.7%), from €7,819 to €21,710
mainly Net result for the year (+€39,110) and Investment in fixed assets (net) (+€15,525)
- Receivables within one year -€4,215
down €4,215 (-31.6%), from €13,352 to €9,137
of which Trade receivables: -€9,716
- Debts after one year -€44,859
down €44,859 (-87.5%), from €51,250 to €6,391
- Profit (loss) carried forward +€39,110
up €39,110, from -€25,989 to €13,121
- Gross operating margin +€50,683
up €50,683, from -€4,699 to €45,984
- Taxes +€6,261
new in 2025: €6,261
- Other operating charges -€877
down €877 (-86.1%), from €1,019 to €142
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 | €45,841 | €39,963 | -€5,878 | -12.8% |
| Fixed assets | 21/28 | €24,670 | €9,116 | -€15,554 | -63.0% |
| Tangible fixed assets | 22/27 | €23,970 | €8,416 | -€15,554 | -64.9% |
| Furniture and vehicles | 24 | €23,970 | €8,416 | -€15,554 | -64.9% |
| Financial fixed assets | 28 | €700 | €700 | = | 0.0% |
| Current assets | 29/58 | €21,171 | €30,847 | +€9,676 | +45.7% |
| Amounts receivable within one year | 40/41 | €13,352 | €9,137 | -€4,215 | -31.6% |
| Trade receivables | 40 | €9,716 | - | -€9,716 | |
| Other amounts receivable | 41 | €3,636 | €9,137 | +€5,501 | +151.3% |
| Cash at bank and in hand | 54/58 | €7,819 | €21,710 | +€13,891 | +177.7% |
| Total equity and liabilities | 10/49 | €45,841 | €39,963 | -€5,878 | -12.8% |
| Equity | 10/15 | -€5,538 | €33,572 | +€39,110 | |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€25,989 | €13,121 | +€39,110 | |
| Amounts payable | 17/49 | €51,379 | €6,391 | -€44,988 | -87.6% |
| Amounts payable after more than one year | 17 | €51,250 | €6,391 | -€44,859 | -87.5% |
| Financial debts | 170/4 | €51,250 | €6,391 | -€44,859 | -87.5% |
| Amounts payable within one year | 42/48 | €129 | - | -€129 | |
| Taxes, remuneration and social security | 45 | €129 | - | -€129 | |
| Taxes | 450/3 | €129 | - | -€129 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €29 | +€29 | |
| Other operating charges | 640/8 | €1,019 | €142 | -€877 | -86.1% |
| Gross operating margin | 9900 | -€4,699 | €45,984 | +€50,683 | |
| Operating profit (loss) | 9901 | -€5,718 | €45,813 | +€51,531 | |
| Financial charges | 65/66B | €440 | €442 | +€2 | +0.5% |
| Recurring financial charges | 65 | €440 | €442 | +€2 | +0.5% |
| Profit (loss) for the period before taxes | 9903 | -€6,158 | €45,371 | +€51,529 | |
| Income taxes | 67/77 | - | €6,261 | +€6,261 | |
| Profit (loss) for the period | 9904 | -€6,158 | €39,110 | +€45,268 | |
| Profit (loss) for the period to be appropriated | 9905 | -€6,158 | €39,110 | +€45,268 |
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 9 October 2026 via checked.be.