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
- Deferred charges and accrued income +€26,332
up €26,332 (+1176.8%), from €2,238 to €28,570
- Cash +€12,434
up €12,434 (+17.8%), from €69,758 to €82,192
mainly Net result for the year (+€30,014) and Depreciation (+€5,461)
- Reserves +€30,014
up €30,014 (+64.1%), from €46,821 to €76,835
- Other debts +€4,699
up €4,699 (+408.4%), from €1,151 to €5,850
- Trade debts +€4,284
up €4,284 (+91.7%), from €4,673 to €8,957
- Debts after one year -€3,709
down €3,709 (-53.5%), from €6,934 to €3,225
- Tax, wage and social debts +€3,560
up €3,560 (+20.0%), from €17,794 to €21,354
- Gross operating margin -€15,698
down €15,698 (-25.6%), from €61,313 to €45,615
- Depreciation +€4,476
up €4,476 (+454.1%), from €985 to €5,461
- Taxes -€3,895
down €3,895 (-29.7%), from €13,118 to €9,223
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 | €85,914 | €124,931 | +€39,017 | +45.4% |
| Fixed assets | 21/28 | €13,571 | €14,170 | +€599 | +4.4% |
| Tangible fixed assets | 22/27 | €13,571 | €14,170 | +€599 | +4.4% |
| Plant, machinery and equipment | 23 | - | €2,068 | +€2,068 | |
| Furniture and vehicles | 24 | €13,571 | €12,102 | -€1,469 | -10.8% |
| Current assets | 29/58 | €72,343 | €110,761 | +€38,418 | +53.1% |
| Amounts receivable within one year | 40/41 | €348 | €0 | -€348 | -100.0% |
| Trade receivables | 40 | €348 | €0 | -€348 | -100.0% |
| Cash at bank and in hand | 54/58 | €69,758 | €82,192 | +€12,434 | +17.8% |
| Deferred charges and accrued income | 490/1 | €2,238 | €28,570 | +€26,332 | +1176.8% |
| Total equity and liabilities | 10/49 | €85,914 | €124,931 | +€39,017 | +45.4% |
| Equity | 10/15 | €51,821 | €81,835 | +€30,014 | +57.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €46,821 | €76,835 | +€30,014 | +64.1% |
| Distributable reserves | 133 | €46,821 | €76,835 | +€30,014 | +64.1% |
| Amounts payable | 17/49 | €34,093 | €43,096 | +€9,003 | +26.4% |
| Amounts payable after more than one year | 17 | €6,934 | €3,225 | -€3,709 | -53.5% |
| Financial debts | 170/4 | €6,934 | €3,225 | -€3,709 | -53.5% |
| Amounts payable within one year | 42/48 | €27,159 | €39,871 | +€12,712 | +46.8% |
| Current portion of amounts payable after more than one year | 42 | €3,541 | €3,709 | +€168 | +4.7% |
| Trade debts | 44 | €4,673 | €8,957 | +€4,284 | +91.7% |
| Suppliers | 440/4 | €4,673 | €8,957 | +€4,284 | +91.7% |
| Taxes, remuneration and social security | 45 | €17,794 | €21,354 | +€3,560 | +20.0% |
| Taxes | 450/3 | €17,794 | €21,354 | +€3,560 | +20.0% |
| Other amounts payable | 47/48 | €1,151 | €5,850 | +€4,699 | +408.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €985 | €5,461 | +€4,476 | +454.1% |
| Other operating charges | 640/8 | €59 | €222 | +€163 | +275.8% |
| Gross operating margin | 9900 | €61,313 | €45,615 | -€15,698 | -25.6% |
| Operating profit (loss) | 9901 | €60,268 | €39,932 | -€20,336 | -33.7% |
| Financial charges | 65/66B | €329 | €694 | +€365 | +110.9% |
| Recurring financial charges | 65 | €329 | €694 | +€365 | +110.9% |
| Profit (loss) for the period before taxes | 9903 | €59,939 | €39,238 | -€20,701 | -34.5% |
| Income taxes | 67/77 | €13,118 | €9,223 | -€3,895 | -29.7% |
| Profit (loss) for the period | 9904 | €46,821 | €30,014 | -€16,806 | -35.9% |
| Profit (loss) for the period to be appropriated | 9905 | €46,821 | €30,014 | -€16,806 | -35.9% |
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.