Elvic: 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.
Elvic
Largest movements
- Current investments -€69,001
down €69,001 (-90.2%), from €76,500 to €7,498
- Receivables within one year +€27,344
up €27,344 (+62.3%), from €43,859 to €71,204
of which Other amounts receivable: +€28,094
- Tangible fixed assets -€20,585
down €20,585 (-44.9%), from €45,851 to €25,266
of which Furniture and vehicles: -€19,913
- Cash +€10,640
up €10,640 (+12.9%), from €82,734 to €93,374
mainly Current investments (+€69,001) and Depreciation (+€23,321)
- Current portion of long-term debt -€15,017
down €15,017 (-72.5%), from €20,723 to €5,706
- Trade debts -€12,470
down €12,470 (-81.5%), from €15,293 to €2,823
- Reserves -€10,835
down €10,835 (-5.7%), from €190,425 to €179,590
- Other debts -€6,595
down €6,595 (-100%), from €6,595 to €0
- Debts after one year -€5,706
down €5,706 (-100%), from €5,706 to €0
- Gross operating margin -€16,879
down €16,879 (-35.5%), from €47,516 to €30,637
- Depreciation -€2,093
down €2,093 (-8.2%), from €25,414 to €23,321
- Taxes -€1,909
down €1,909 (-30.0%), from €6,357 to €4,448
- Financial income +€1,572
up €1,572 (+233%), from €676 to €2,248
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 | €256,934 | €206,067 | -€50,867 | -19.8% |
| Fixed assets | 21/28 | €46,151 | €25,566 | -€20,585 | -44.6% |
| Tangible fixed assets | 22/27 | €45,851 | €25,266 | -€20,585 | -44.9% |
| Plant, machinery and equipment | 23 | €8,733 | €6,253 | -€2,480 | -28.4% |
| Furniture and vehicles | 24 | €30,311 | €10,398 | -€19,913 | -65.7% |
| Leasing and similar rights | 25 | €6,807 | €8,615 | +€1,807 | +26.6% |
| Financial fixed assets | 28 | €300 | €300 | = | 0.0% |
| Current assets | 29/58 | €210,783 | €180,502 | -€30,282 | -14.4% |
| Amounts receivable within one year | 40/41 | €43,859 | €71,204 | +€27,344 | +62.3% |
| Trade receivables | 40 | €33,717 | €32,967 | -€750 | -2.2% |
| Other amounts receivable | 41 | €10,143 | €38,237 | +€28,094 | +277% |
| Current investments | 50/53 | €76,500 | €7,498 | -€69,001 | -90.2% |
| Cash at bank and in hand | 54/58 | €82,734 | €93,374 | +€10,640 | +12.9% |
| Deferred charges and accrued income | 490/1 | €7,690 | €8,425 | +€735 | +9.6% |
| Total equity and liabilities | 10/49 | €256,934 | €206,067 | -€50,867 | -19.8% |
| Equity | 10/15 | €192,925 | €182,090 | -€10,835 | -5.6% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €190,425 | €179,590 | -€10,835 | -5.7% |
| Distributable reserves | 133 | €190,425 | €179,590 | -€10,835 | -5.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €64,009 | €23,977 | -€40,032 | -62.5% |
| Amounts payable after more than one year | 17 | €5,706 | €0 | -€5,706 | -100% |
| Financial debts | 170/4 | €5,706 | €0 | -€5,706 | -100% |
| Amounts payable within one year | 42/48 | €58,285 | €23,724 | -€34,561 | -59.3% |
| Current portion of amounts payable after more than one year | 42 | €20,723 | €5,706 | -€15,017 | -72.5% |
| Trade debts | 44 | €15,293 | €2,823 | -€12,470 | -81.5% |
| Suppliers | 440/4 | €15,293 | €2,823 | -€12,470 | -81.5% |
| Taxes, remuneration and social security | 45 | €15,674 | €15,196 | -€478 | -3.1% |
| Taxes | 450/3 | €15,674 | €12,018 | -€3,656 | -23.3% |
| Remuneration and social security | 454/9 | €0 | €3,178 | +€3,178 | |
| Other amounts payable | 47/48 | €6,595 | €0 | -€6,595 | -100% |
| Accrued charges and deferred income | 492/3 | €18 | €253 | +€235 | +1,286% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,414 | €23,321 | -€2,093 | -8.2% |
| Other operating charges | 640/8 | €969 | €585 | -€384 | -39.6% |
| Gross operating margin | 9900 | €47,516 | €30,637 | -€16,879 | -35.5% |
| Operating profit (loss) | 9901 | €21,133 | €6,731 | -€14,402 | -68.2% |
| Financial income | 75/76B | €676 | €2,248 | +€1,572 | +233% |
| Recurring financial income | 75 | €676 | €2,248 | +€1,572 | +233% |
| Financial charges | 65/66B | €602 | €516 | -€86 | -14.2% |
| Recurring financial charges | 65 | €602 | €516 | -€86 | -14.2% |
| Profit (loss) for the period before taxes | 9903 | €21,207 | €8,462 | -€12,745 | -60.1% |
| Income taxes | 67/77 | €6,357 | €4,448 | -€1,909 | -30.0% |
| Profit (loss) for the period | 9904 | €14,849 | €4,014 | -€10,835 | -73.0% |
| Profit (loss) for the period to be appropriated | 9905 | €14,849 | €4,014 | -€10,835 | -73.0% |
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 24 October 2026 via checked.be.