ELVIR1: what changed
Two fiscal 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.
ELVIR1
Largest movements
- Cash -€78,824
no longer reported in 2025 (was €78,824)
mainly Net result for the year (-€70,772) and Trade debts (-€58,264)
- Receivables within one year -€30,594
down €30,594 (-75.7%), from €40,391 to €9,796
of which Other amounts receivable: -€17,414
- Tangible fixed assets -€7,932
down €7,932 (-5.4%), from €147,201 to €139,269
of which Furniture and vehicles: -€7,304
- Reserves -€70,772
down €70,772 (-86.4%), from €81,902 to €11,130
- Trade debts -€58,264
no longer reported in 2025 (was €58,264)
- Other debts +€37,926
new in 2025: €37,926
- Debts after one year -€24,524
down €24,524 (-25.8%), from €95,010 to €70,486
- Gross operating margin +€8,953
up €8,953 (+23.3%), from -€38,466 to -€29,513
- Taxes +€7,619
up €7,619 (+63.5%), from €12,000 to €19,619
- Depreciation +€3,233
up €3,233 (+68.8%), from €4,699 to €7,932
- Staff costs -€1,913
down €1,913 (-24.4%), from €7,842 to €5,928
- Financial charges +€1,162
up €1,162 (+17.6%), from €6,619 to €7,782
of which Financial charges: +€1,162
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 | €266,416 | €149,065 | -€117,350 | -44.0% |
| Fixed assets | 21/28 | €147,201 | €139,269 | -€7,932 | -5.4% |
| Tangible fixed assets | 22/27 | €147,201 | €139,269 | -€7,932 | -5.4% |
| Land and buildings | 22 | €112,240 | €112,240 | = | 0.0% |
| Plant, machinery and equipment | 23 | €2,512 | €1,884 | -€628 | -25.0% |
| Furniture and vehicles | 24 | €32,449 | €25,145 | -€7,304 | -22.5% |
| Current assets | 29/58 | €119,214 | €9,796 | -€109,418 | -91.8% |
| Amounts receivable within one year | 40/41 | €40,391 | €9,796 | -€30,594 | -75.7% |
| Trade receivables | 40 | €16,128 | €2,947 | -€13,181 | -81.7% |
| Other amounts receivable | 41 | €24,263 | €6,849 | -€17,414 | -71.8% |
| Cash at bank and in hand | 54/58 | €78,824 | - | -€78,824 | |
| Total equity and liabilities | 10/49 | €266,416 | €149,065 | -€117,350 | -44.0% |
| Equity | 10/15 | €86,902 | €16,130 | -€70,772 | -81.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Capital | 10 | €5,000 | €5,000 | = | 0.0% |
| Issued capital | 100 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €81,902 | €11,130 | -€70,772 | -86.4% |
| Distributable reserves | 133 | €81,902 | €11,130 | -€70,772 | -86.4% |
| Amounts payable | 17/49 | €179,513 | €132,936 | -€46,578 | -25.9% |
| Amounts payable after more than one year | 17 | €95,010 | €70,486 | -€24,524 | -25.8% |
| Financial debts | 170/4 | €95,010 | €70,486 | -€24,524 | -25.8% |
| Amounts payable within one year | 42/48 | €84,503 | €62,449 | -€22,054 | -26.1% |
| Current portion of amounts payable after more than one year | 42 | €26,239 | €24,524 | -€1,715 | -6.5% |
| Trade debts | 44 | €58,264 | - | -€58,264 | |
| Suppliers | 440/4 | €58,264 | - | -€58,264 | |
| Other amounts payable | 47/48 | - | €37,926 | +€37,926 | |
| Remuneration, social security and pensions | 62 | €7,842 | €5,928 | -€1,913 | -24.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,699 | €7,932 | +€3,233 | +68.8% |
| Other operating charges | 640/8 | €520 | €172 | -€348 | -67.0% |
| Gross operating margin | 9900 | -€38,466 | -€29,513 | +€8,953 | +23.3% |
| Operating profit (loss) | 9901 | -€51,527 | -€43,545 | +€7,982 | +15.5% |
| Financial income | 75/76B | €226 | €173 | -€53 | -23.4% |
| Recurring financial income | 75 | €226 | €173 | -€53 | -23.4% |
| Non-recurring financial income | 76B | €226 | €173 | -€53 | -23.4% |
| Financial charges | 65/66B | €6,619 | €7,782 | +€1,162 | +17.6% |
| Recurring financial charges | 65 | €6,619 | €7,782 | +€1,162 | +17.6% |
| Non-recurring financial charges | 66B | €6,619 | €7,782 | +€1,162 | +17.6% |
| Profit (loss) for the period before taxes | 9903 | -€57,920 | -€51,153 | +€6,767 | +11.7% |
| Income taxes | 67/77 | €12,000 | €19,619 | +€7,619 | +63.5% |
| Profit (loss) for the period | 9904 | -€69,920 | -€70,772 | -€852 | -1.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€69,920 | -€70,772 | -€852 | -1.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.