ELVIST: 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.
ELVIST
Largest movements
- Cash +€46,578
up €46,578 (+217%), from €21,460 to €68,038
mainly Net result for the year (+€34,482) and Trade debts (+€10,644)
- Tangible fixed assets -€4,309
down €4,309 (-25.5%), from €16,918 to €12,609
- Receivables within one year +€2,590
up €2,590 (+13.4%), from €19,265 to €21,855
of which Other amounts receivable: +€1,856
- Reserves +€34,482
up €34,482 (+88.5%), from €38,962 to €73,444
- Trade debts +€10,644
up €10,644 (+3,478%), from €306 to €10,950
- Other debts -€1,830
no longer reported in 2025 (was €1,830)
- Tax, wage and social debts +€1,563
up €1,563 (+10.4%), from €15,045 to €16,608
- Depreciation +€3,990
up €3,990 (+1,251%), from €319 to €4,309
- Other operating charges +€663
up €663 (+73.2%), from €906 to €1,569
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 | €57,643 | €102,502 | +€44,859 | +77.8% |
| Fixed assets | 21/28 | €16,918 | €12,609 | -€4,309 | -25.5% |
| Tangible fixed assets | 22/27 | €16,918 | €12,609 | -€4,309 | -25.5% |
| Furniture and vehicles | 24 | €16,918 | €12,609 | -€4,309 | -25.5% |
| Current assets | 29/58 | €40,725 | €89,893 | +€49,168 | +121% |
| Amounts receivable within one year | 40/41 | €19,265 | €21,855 | +€2,590 | +13.4% |
| Trade receivables | 40 | €19,265 | €19,999 | +€734 | +3.8% |
| Other amounts receivable | 41 | - | €1,856 | +€1,856 | |
| Cash at bank and in hand | 54/58 | €21,460 | €68,038 | +€46,578 | +217% |
| Total equity and liabilities | 10/49 | €57,643 | €102,502 | +€44,859 | +77.8% |
| Equity | 10/15 | €40,462 | €74,944 | +€34,482 | +85.2% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €38,962 | €73,444 | +€34,482 | +88.5% |
| Distributable reserves | 133 | €38,962 | €73,444 | +€34,482 | +88.5% |
| Amounts payable | 17/49 | €17,181 | €27,558 | +€10,377 | +60.4% |
| Amounts payable within one year | 42/48 | €17,181 | €27,558 | +€10,377 | +60.4% |
| Trade debts | 44 | €306 | €10,950 | +€10,644 | +3,478% |
| Suppliers | 440/4 | €306 | €10,950 | +€10,644 | +3,478% |
| Taxes, remuneration and social security | 45 | €15,045 | €16,608 | +€1,563 | +10.4% |
| Taxes | 450/3 | €15,045 | €16,608 | +€1,563 | +10.4% |
| Other amounts payable | 47/48 | €1,830 | - | -€1,830 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €319 | €4,309 | +€3,990 | +1,251% |
| Other operating charges | 640/8 | €906 | €1,569 | +€663 | +73.2% |
| Gross operating margin | 9900 | €51,344 | €51,144 | -€200 | -0.4% |
| Operating profit (loss) | 9901 | €50,119 | €45,266 | -€4,853 | -9.7% |
| Financial income | 75/76B | - | €57 | +€57 | |
| Recurring financial income | 75 | - | €57 | +€57 | |
| Financial charges | 65/66B | €457 | €40 | -€417 | -91.2% |
| Recurring financial charges | 65 | €457 | €40 | -€417 | -91.2% |
| Profit (loss) for the period before taxes | 9903 | €49,662 | €45,283 | -€4,379 | -8.8% |
| Income taxes | 67/77 | €10,700 | €10,801 | +€101 | +0.9% |
| Profit (loss) for the period | 9904 | €38,962 | €34,482 | -€4,480 | -11.5% |
| Profit (loss) for the period to be appropriated | 9905 | €38,962 | €34,482 | -€4,480 | -11.5% |
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 18 October 2026 via checked.be.