ELVI: 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.
ELVI
Largest movements
- Cash +€177,166
up €177,166 (+114.7%), from €154,482 to €331,648
mainly Other debts (+€374,603) and Net result for the year (+€166,729)
- Tangible fixed assets -€19,579
down €19,579 (-26.1%), from €75,017 to €55,438
of which Furniture and vehicles: -€18,771
- Receivables within one year -€6,659
down €6,659 (-6.1%), from €108,804 to €102,145
of which Other amounts receivable: -€3,747
- Other debts +€374,603
new in 2025: €374,603
- Profit (loss) carried forward -€243,271
down €243,271 (-93.3%), from €260,666 to €17,395
- Tax, wage and social debts +€24,795
up €24,795 (+50.7%), from €48,872 to €73,667
of which Taxes: +€31,994
- Trade debts -€5,193
down €5,193 (-48.9%), from €10,629 to €5,436
- Financial charges +€8,423
up €8,423 (+5206.1%), from €162 to €8,585
- Gross operating margin +€5,389
up €5,389 (+2.2%), from €241,305 to €246,694
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 | €338,768 | €489,701 | +€150,933 | +44.6% |
| Fixed assets | 21/28 | €75,017 | €55,438 | -€19,579 | -26.1% |
| Tangible fixed assets | 22/27 | €75,017 | €55,438 | -€19,579 | -26.1% |
| Plant, machinery and equipment | 23 | €7,970 | €7,162 | -€809 | -10.1% |
| Furniture and vehicles | 24 | €67,047 | €48,276 | -€18,771 | -28.0% |
| Current assets | 29/58 | €263,751 | €434,264 | +€170,513 | +64.6% |
| Amounts receivable within one year | 40/41 | €108,804 | €102,145 | -€6,659 | -6.1% |
| Trade receivables | 40 | €105,057 | €102,145 | -€2,912 | -2.8% |
| Other amounts receivable | 41 | €3,747 | - | -€3,747 | |
| Cash at bank and in hand | 54/58 | €154,482 | €331,648 | +€177,166 | +114.7% |
| Deferred charges and accrued income | 490/1 | €465 | €470 | +€6 | +1.2% |
| Total equity and liabilities | 10/49 | €338,768 | €489,701 | +€150,933 | +44.6% |
| Equity | 10/15 | €279,266 | €35,995 | -€243,271 | -87.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €260,666 | €17,395 | -€243,271 | -93.3% |
| Amounts payable | 17/49 | €59,502 | €453,706 | +€394,205 | +662.5% |
| Amounts payable within one year | 42/48 | €59,502 | €453,706 | +€394,205 | +662.5% |
| Trade debts | 44 | €10,629 | €5,436 | -€5,193 | -48.9% |
| Suppliers | 440/4 | €10,629 | €5,436 | -€5,193 | -48.9% |
| Taxes, remuneration and social security | 45 | €48,872 | €73,667 | +€24,795 | +50.7% |
| Taxes | 450/3 | €41,672 | €73,667 | +€31,994 | +76.8% |
| Remuneration and social security | 454/9 | €7,200 | - | -€7,200 | |
| Other amounts payable | 47/48 | - | €374,603 | +€374,603 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,655 | €19,579 | -€76 | -0.4% |
| Other operating charges | 640/8 | €1,837 | €1,005 | -€832 | -45.3% |
| Gross operating margin | 9900 | €241,305 | €246,694 | +€5,389 | +2.2% |
| Operating profit (loss) | 9901 | €219,813 | €226,110 | +€6,297 | +2.9% |
| Financial charges | 65/66B | €162 | €8,585 | +€8,423 | +5206.1% |
| Recurring financial charges | 65 | €162 | €8,585 | +€8,423 | +5206.1% |
| Profit (loss) for the period before taxes | 9903 | €219,651 | €217,525 | -€2,126 | -1.0% |
| Income taxes | 67/77 | €52,060 | €50,797 | -€1,264 | -2.4% |
| Profit (loss) for the period | 9904 | €167,591 | €166,729 | -€862 | -0.5% |
| Profit (loss) for the period to be appropriated | 9905 | €167,591 | €166,729 | -€862 | -0.5% |
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 11 October 2026 via checked.be.