ELVIDIS: 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.
ELVIDIS
Largest movements
- Receivables within one year +€451,904
up €451,904 (+33.9%), from €1.3m to €1.8m
of which Trade receivables: +€350,729
- Cash -€106,911
down €106,911 (-46.1%), from €232,108 to €125,197
mainly Receivables within one year (-€451,904) and Short-term financial debts (-€2,660)
- Stocks and contracts -€41,689
down €41,689 (-10.1%), from €411,353 to €369,664
- Trade debts +€175,147
up €175,147 (+37.8%), from €462,866 to €638,013
- Profit (loss) carried forward +€78,985
up €78,985 (+11.9%), from €664,640 to €743,626
- Tax, wage and social debts +€40,908
up €40,908 (+7.2%), from €568,044 to €608,952
of which Taxes: +€39,403
- Gross operating margin -€25,979
down €25,979 (-9.8%), from €265,546 to €239,567
- Staff costs -€20,602
down €20,602 (-15.4%), from €133,802 to €113,200
- Other operating charges +€2,857
up €2,857 (+721.7%), from €396 to €3,252
- Financial income -€2,668
down €2,668 (-100.0%), from €2,668 to €0
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 | €2,019,962 | €2,312,342 | +€292,380 | +14.5% |
| Fixed assets | 21/28 | €30,132 | €19,349 | -€10,783 | -35.8% |
| Tangible fixed assets | 22/27 | €18,646 | €12,615 | -€6,031 | -32.3% |
| Furniture and vehicles | 24 | €14,157 | €9,166 | -€4,991 | -35.3% |
| Other tangible fixed assets | 26 | €4,489 | €3,450 | -€1,040 | -23.2% |
| Financial fixed assets | 28 | €11,486 | €6,733 | -€4,752 | -41.4% |
| Current assets | 29/58 | €1,989,831 | €2,292,993 | +€303,163 | +15.2% |
| Stocks and contracts in progress | 3 | €411,353 | €369,664 | -€41,689 | -10.1% |
| Stocks | 30/36 | €411,353 | €369,664 | -€41,689 | -10.1% |
| Amounts receivable within one year | 40/41 | €1,332,654 | €1,784,559 | +€451,904 | +33.9% |
| Trade receivables | 40 | €558,069 | €908,799 | +€350,729 | +62.8% |
| Other amounts receivable | 41 | €774,585 | €875,760 | +€101,175 | +13.1% |
| Cash at bank and in hand | 54/58 | €232,108 | €125,197 | -€106,911 | -46.1% |
| Deferred charges and accrued income | 490/1 | €13,715 | €13,573 | -€142 | -1.0% |
| Total equity and liabilities | 10/49 | €2,019,962 | €2,312,342 | +€292,380 | +14.5% |
| Equity | 10/15 | €985,440 | €1,064,426 | +€78,985 | +8.0% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Contributions outside capital | 11 | €62,000 | €62,000 | = | 0.0% |
| Other | 1109/19 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €258,800 | €258,800 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €252,600 | €126,300 | -€126,300 | -50.0% |
| Distributable reserves | 133 | - | €126,300 | +€126,300 | |
| Profit (loss) carried forward | 14 | €664,640 | €743,626 | +€78,985 | +11.9% |
| Amounts payable | 17/49 | €1,034,522 | €1,247,916 | +€213,394 | +20.6% |
| Amounts payable within one year | 42/48 | €1,034,522 | €1,247,916 | +€213,394 | +20.6% |
| Financial debts | 43 | €3,612 | €952 | -€2,660 | -73.7% |
| Credit institutions | 430/8 | €3,612 | €952 | -€2,660 | -73.7% |
| Trade debts | 44 | €462,866 | €638,013 | +€175,147 | +37.8% |
| Suppliers | 440/4 | €462,866 | €638,013 | +€175,147 | +37.8% |
| Taxes, remuneration and social security | 45 | €568,044 | €608,952 | +€40,908 | +7.2% |
| Taxes | 450/3 | €563,521 | €602,923 | +€39,403 | +7.0% |
| Remuneration and social security | 454/9 | €4,523 | €6,029 | +€1,505 | +33.3% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €133,802 | €113,200 | -€20,602 | -15.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,406 | €6,031 | -€375 | -5.9% |
| Other operating charges | 640/8 | €396 | €3,252 | +€2,857 | +721.7% |
| Gross operating margin | 9900 | €265,546 | €239,567 | -€25,979 | -9.8% |
| Operating profit (loss) | 9901 | €124,943 | €117,084 | -€7,859 | -6.3% |
| Financial income | 75/76B | €2,668 | €0 | -€2,668 | -100.0% |
| Recurring financial income | 75 | €2,668 | €0 | -€2,668 | -100.0% |
| Financial charges | 65/66B | €3,850 | €4,445 | +€594 | +15.4% |
| Recurring financial charges | 65 | €3,850 | €4,445 | +€594 | +15.4% |
| Profit (loss) for the period before taxes | 9903 | €123,760 | €112,640 | -€11,121 | -9.0% |
| Income taxes | 67/77 | €35,101 | €33,654 | -€1,447 | -4.1% |
| Profit (loss) for the period | 9904 | €88,659 | €78,985 | -€9,674 | -10.9% |
| Transfer from tax-exempt reserves | 789 | - | €126,300 | +€126,300 | |
| Profit (loss) for the period to be appropriated | 9905 | €88,659 | €205,285 | +€116,626 | +131.5% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.