Elvi Management: 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 Management
Largest movements
- Receivables within one year -€60,358
down €60,358 (-79.4%), from €76,059 to €15,701
of which Other amounts receivable: -€43,310
- Cash -€27,683
down €27,683 (-29.3%), from €94,446 to €66,764
mainly Contributions, distributions and other (-€220,850) and Tax, wage and social debts (-€24,111)
- Tangible fixed assets +€4,556
up €4,556 (+1.9%), from €242,032 to €246,588
of which Other tangible fixed assets: +€2,547
- Profit (loss) carried forward -€169,719
down €169,719 (-100%), from €169,719 to €0
- Other debts +€134,432
up €134,432 (+53,948%), from €249 to €134,682
- Tax, wage and social debts -€24,111
down €24,111 (-81.7%), from €29,521 to €5,409
- Trade debts -€16,658
down €16,658 (-86.8%), from €19,201 to €2,543
- Debts after one year -€12,310
down €12,310 (-6.8%), from €180,320 to €168,010
of which Financial debts: -€10,660
- Gross operating margin +€50,276
up €50,276 (+137%), from €36,600 to €86,876
- Taxes +€9,987
up €9,987 (+195%), from €5,111 to €15,098
- Financial charges +€2,622
up €2,622 (+48.2%), from €5,445 to €8,067
- Financial income -€1,358
down €1,358 (-82.6%), from €1,644 to €286
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 | €412,538 | €329,352 | -€83,185 | -20.2% |
| Fixed assets | 21/28 | €242,032 | €246,588 | +€4,556 | +1.9% |
| Tangible fixed assets | 22/27 | €242,032 | €246,588 | +€4,556 | +1.9% |
| Land and buildings | 22 | €232,171 | €233,628 | +€1,457 | +0.6% |
| Plant, machinery and equipment | 23 | €669 | €515 | -€155 | -23.1% |
| Furniture and vehicles | 24 | €3,743 | €4,450 | +€706 | +18.9% |
| Other tangible fixed assets | 26 | €5,449 | €7,996 | +€2,547 | +46.7% |
| Current assets | 29/58 | €170,505 | €82,764 | -€87,741 | -51.5% |
| Amounts receivable within one year | 40/41 | €76,059 | €15,701 | -€60,358 | -79.4% |
| Trade receivables | 40 | €31,393 | €14,345 | -€17,048 | -54.3% |
| Other amounts receivable | 41 | €44,665 | €1,355 | -€43,310 | -97.0% |
| Current investments | 50/53 | - | €300 | +€300 | |
| Cash at bank and in hand | 54/58 | €94,446 | €66,764 | -€27,683 | -29.3% |
| Total equity and liabilities | 10/49 | €412,538 | €329,352 | -€83,185 | -20.2% |
| Equity | 10/15 | €172,719 | €3,000 | -€169,719 | -98.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €169,719 | €0 | -€169,719 | -100% |
| Amounts payable | 17/49 | €239,819 | €326,352 | +€86,533 | +36.1% |
| Amounts payable after more than one year | 17 | €180,320 | €168,010 | -€12,310 | -6.8% |
| Financial debts | 170/4 | €178,670 | €168,010 | -€10,660 | -6.0% |
| Other amounts payable | 178/9 | €1,650 | €0 | -€1,650 | -100% |
| Amounts payable within one year | 42/48 | €59,281 | €158,342 | +€99,061 | +167% |
| Current portion of amounts payable after more than one year | 42 | €10,311 | €15,708 | +€5,397 | +52.3% |
| Trade debts | 44 | €19,201 | €2,543 | -€16,658 | -86.8% |
| Suppliers | 440/4 | €19,201 | €2,543 | -€16,658 | -86.8% |
| Taxes, remuneration and social security | 45 | €29,521 | €5,409 | -€24,111 | -81.7% |
| Taxes | 450/3 | €29,521 | €5,409 | -€24,111 | -81.7% |
| Other amounts payable | 47/48 | €249 | €134,682 | +€134,432 | +53,948% |
| Accrued charges and deferred income | 492/3 | €217 | €0 | -€217 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,971 | €11,455 | -€515 | -4.3% |
| Other operating charges | 640/8 | €1,320 | €1,410 | +€90 | +6.8% |
| Non-recurring operating charges | 66A | €299 | €0 | -€299 | -100% |
| Gross operating margin | 9900 | €36,600 | €86,876 | +€50,276 | +137% |
| Operating profit (loss) | 9901 | €23,011 | €74,011 | +€51,000 | +222% |
| Financial income | 75/76B | €1,644 | €286 | -€1,358 | -82.6% |
| Recurring financial income | 75 | €1,644 | €286 | -€1,358 | -82.6% |
| Financial charges | 65/66B | €5,445 | €8,067 | +€2,622 | +48.2% |
| Recurring financial charges | 65 | €5,445 | €8,067 | +€2,622 | +48.2% |
| Profit (loss) for the period before taxes | 9903 | €19,210 | €66,230 | +€47,020 | +245% |
| Income taxes | 67/77 | €5,111 | €15,098 | +€9,987 | +195% |
| Profit (loss) for the period | 9904 | €14,099 | €51,131 | +€37,033 | +263% |
| Profit (loss) for the period to be appropriated | 9905 | €14,099 | €51,131 | +€37,033 | +263% |
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 21 October 2026 via checked.be.