ELVITAN: 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.
ELVITAN
Largest movements
- Receivables after one year -€229,311
down €229,311 (-99.5%), from €230,413 to €1,102
- Cash +€113,192
up €113,192 (+65.3%), from €173,308 to €286,500
mainly Receivables after one year (+€229,311) and Net result for the year (+€113,266)
- Current investments +€36,394
up €36,394 (+46.8%), from €77,800 to €114,194
- Receivables within one year -€32,366
down €32,366 (-66.3%), from €48,788 to €16,422
of which Trade receivables: -€30,805
- Debts after one year -€228,798
down €228,798 (-100%), from €228,798 to €0
- Reserves +€113,266
up €113,266 (+38.3%), from €296,114 to €409,380
of which Distributable reserves: +€113,266
- Gross operating margin -€25,614
down €25,614 (-12.9%), from €197,870 to €172,256
- Taxes -€7,315
down €7,315 (-12.5%), from €58,537 to €51,223
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 | €551,821 | €435,848 | -€115,973 | -21.0% |
| Fixed assets | 21/28 | €20,011 | €16,232 | -€3,779 | -18.9% |
| Tangible fixed assets | 22/27 | €20,011 | €16,232 | -€3,779 | -18.9% |
| Plant, machinery and equipment | 23 | €1,501 | €1,072 | -€429 | -28.6% |
| Furniture and vehicles | 24 | €11,799 | €8,450 | -€3,349 | -28.4% |
| Other tangible fixed assets | 26 | €6,710 | €6,710 | = | 0.0% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €531,811 | €419,616 | -€112,195 | -21.1% |
| Amounts receivable after more than one year | 29 | €230,413 | €1,102 | -€229,311 | -99.5% |
| Other amounts receivable | 291 | €230,413 | €1,102 | -€229,311 | -99.5% |
| Amounts receivable within one year | 40/41 | €48,788 | €16,422 | -€32,366 | -66.3% |
| Trade receivables | 40 | €30,805 | €0 | -€30,805 | -100% |
| Other amounts receivable | 41 | €17,984 | €16,422 | -€1,561 | -8.7% |
| Current investments | 50/53 | €77,800 | €114,194 | +€36,394 | +46.8% |
| Cash at bank and in hand | 54/58 | €173,308 | €286,500 | +€113,192 | +65.3% |
| Deferred charges and accrued income | 490/1 | €1,502 | €1,398 | -€104 | -6.9% |
| Total equity and liabilities | 10/49 | €551,821 | €435,848 | -€115,973 | -21.0% |
| Equity | 10/15 | €302,314 | €415,580 | +€113,266 | +37.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €296,114 | €409,380 | +€113,266 | +38.3% |
| Tax-exempt reserves | 132 | €5,960 | €5,960 | = | 0.0% |
| Distributable reserves | 133 | €290,154 | €403,420 | +€113,266 | +39.0% |
| Amounts payable | 17/49 | €249,507 | €20,268 | -€229,239 | -91.9% |
| Amounts payable after more than one year | 17 | €228,798 | €0 | -€228,798 | -100% |
| Financial debts | 170/4 | €228,798 | €0 | -€228,798 | -100% |
| Amounts payable within one year | 42/48 | €20,709 | €20,268 | -€441 | -2.1% |
| Trade debts | 44 | €6,709 | €11,433 | +€4,725 | +70.4% |
| Suppliers | 440/4 | €6,709 | €11,433 | +€4,725 | +70.4% |
| Taxes, remuneration and social security | 45 | €14,000 | €8,835 | -€5,165 | -36.9% |
| Taxes | 450/3 | €9,673 | €4,451 | -€5,222 | -54.0% |
| Remuneration and social security | 454/9 | €4,327 | €4,384 | +€57 | +1.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,230 | €4,952 | -€278 | -5.3% |
| Other operating charges | 640/8 | €177 | €970 | +€793 | +449% |
| Gross operating margin | 9900 | €197,870 | €172,256 | -€25,614 | -12.9% |
| Operating profit (loss) | 9901 | €192,463 | €166,334 | -€26,129 | -13.6% |
| Financial income | 75/76B | €1,721 | €2,972 | +€1,251 | +72.6% |
| Recurring financial income | 75 | €1,721 | €2,972 | +€1,251 | +72.6% |
| Financial charges | 65/66B | €3,848 | €4,818 | +€970 | +25.2% |
| Recurring financial charges | 65 | €3,848 | €4,818 | +€970 | +25.2% |
| Profit (loss) for the period before taxes | 9903 | €190,337 | €164,488 | -€25,849 | -13.6% |
| Income taxes | 67/77 | €58,537 | €51,223 | -€7,315 | -12.5% |
| Profit (loss) for the period | 9904 | €131,799 | €113,266 | -€18,534 | -14.1% |
| Profit (loss) for the period to be appropriated | 9905 | €131,799 | €113,266 | -€18,534 | -14.1% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.