Elvexoft: 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.
Elvexoft
Largest movements
- Receivables within one year -€26,758
down €26,758 (-74.3%), from €36,033 to €9,274
of which Trade receivables: -€17,936
- Cash +€8,296
up €8,296 (+45.1%), from €18,408 to €26,704
mainly Receivables within one year (+€26,758) and Investment in fixed assets (net) (+€2,364)
- Tangible fixed assets -€2,364
no longer reported in 2025 (was €2,364)
- Reserves -€15,423
down €15,423 (-42.7%), from €36,099 to €20,677
of which Distributable reserves: -€15,423
- Short-term financial debts -€3,380
no longer reported in 2025 (was €3,380)
- Trade debts -€1,137
down €1,137 (-26.1%), from €4,355 to €3,219
- Other debts -€1,092
down €1,092 (-16.3%), from €6,702 to €5,609
- Gross operating margin -€22,271
down €22,271, from €5,846 to -€16,425
- Depreciation -€2,914
no longer reported in 2025 (was €2,914)
- Financial income +€2,261
new in 2025: €2,261
of which Financial income: +€2,261
- Taxes -€753
down €753 (-93.5%), from €805 to €52
- Financial charges -€409
down €409 (-58.1%), from €705 to €296
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 | €57,249 | €36,067 | -€21,182 | -37.0% |
| Fixed assets | 21/28 | €2,364 | - | -€2,364 | |
| Tangible fixed assets | 22/27 | €2,364 | - | -€2,364 | |
| Furniture and vehicles | 24 | €2,364 | - | -€2,364 | |
| Current assets | 29/58 | €54,885 | €36,067 | -€18,817 | -34.3% |
| Amounts receivable within one year | 40/41 | €36,033 | €9,274 | -€26,758 | -74.3% |
| Trade receivables | 40 | €17,936 | - | -€17,936 | |
| Other amounts receivable | 41 | €18,097 | €9,274 | -€8,823 | -48.8% |
| Cash at bank and in hand | 54/58 | €18,408 | €26,704 | +€8,296 | +45.1% |
| Deferred charges and accrued income | 490/1 | €444 | €89 | -€355 | -80.0% |
| Total equity and liabilities | 10/49 | €57,249 | €36,067 | -€21,182 | -37.0% |
| Equity | 10/15 | €42,599 | €27,177 | -€15,423 | -36.2% |
| Contributions | 10/11 | €6,500 | €6,500 | = | 0.0% |
| Reserves | 13 | €36,099 | €20,677 | -€15,423 | -42.7% |
| Non-distributable reserves | 130/1 | €650 | €650 | = | 0.0% |
| Reserves not available under the articles | 1311 | €650 | €650 | = | 0.0% |
| Distributable reserves | 133 | €35,449 | €20,027 | -€15,423 | -43.5% |
| Amounts payable | 17/49 | €14,650 | €8,891 | -€5,759 | -39.3% |
| Amounts payable within one year | 42/48 | €14,448 | €8,891 | -€5,557 | -38.5% |
| Financial debts | 43 | €3,380 | - | -€3,380 | |
| Credit institutions | 430/8 | €3,380 | - | -€3,380 | |
| Trade debts | 44 | €4,355 | €3,219 | -€1,137 | -26.1% |
| Suppliers | 440/4 | €4,355 | €3,219 | -€1,137 | -26.1% |
| Taxes, remuneration and social security | 45 | €11 | €63 | +€52 | +488% |
| Taxes | 450/3 | €11 | €63 | +€52 | +488% |
| Other amounts payable | 47/48 | €6,702 | €5,609 | -€1,092 | -16.3% |
| Accrued charges and deferred income | 492/3 | €202 | - | -€202 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,914 | - | -€2,914 | |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Non-recurring operating charges | 66A | - | €512 | +€512 | |
| Gross operating margin | 9900 | €5,846 | -€16,425 | -€22,271 | |
| Operating profit (loss) | 9901 | €2,545 | -€17,336 | -€19,881 | |
| Financial income | 75/76B | - | €2,261 | +€2,261 | |
| Recurring financial income | 75 | - | €2,261 | +€2,261 | |
| Non-recurring financial income | 76B | - | €2,261 | +€2,261 | |
| Financial charges | 65/66B | €705 | €296 | -€409 | -58.1% |
| Recurring financial charges | 65 | €705 | €296 | -€409 | -58.1% |
| Profit (loss) for the period before taxes | 9903 | €1,840 | -€15,371 | -€17,211 | |
| Income taxes | 67/77 | €805 | €52 | -€753 | -93.5% |
| Profit (loss) for the period | 9904 | €1,035 | -€15,423 | -€16,457 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,035 | -€15,423 | -€16,457 |
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 22 October 2026 via checked.be.