ELVP: 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.
ELVP
Largest movements
- Receivables within one year +€24,016
up €24,016 (+1315.5%), from €1,826 to €25,842
of which Other amounts receivable: +€25,679
- Cash -€6,397
down €6,397 (-21.9%), from €29,248 to €22,851
mainly Receivables within one year (-€24,016) and Trade debts (-€1,859)
- Stocks and contracts -€2,585
no longer reported in 2025 (was €2,585)
- Deferred charges and accrued income -€694
no longer reported in 2025 (was €694)
- Profit (loss) carried forward +€15,215
up €15,215, from -€10,451 to €4,764
- Trade debts -€1,859
down €1,859 (-56.1%), from €3,315 to €1,456
- Tax, wage and social debts +€985
up €985 (+28.9%), from €3,409 to €4,394
- Gross operating margin +€9,823
up €9,823 (+114.5%), from €8,580 to €18,403
- Financial charges -€1,111
down €1,111 (-95.4%), from €1,164 to €53
- Other operating charges -€319
down €319 (-19.4%), from €1,641 to €1,322
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 | €34,352 | €48,693 | +€14,340 | +41.7% |
| Current assets | 29/58 | €34,352 | €48,693 | +€14,340 | +41.7% |
| Stocks and contracts in progress | 3 | €2,585 | - | -€2,585 | |
| Stocks | 30/36 | €2,585 | - | -€2,585 | |
| Amounts receivable within one year | 40/41 | €1,826 | €25,842 | +€24,016 | +1315.5% |
| Trade receivables | 40 | €1,662 | - | -€1,662 | |
| Other amounts receivable | 41 | €163 | €25,842 | +€25,679 | +15725.8% |
| Cash at bank and in hand | 54/58 | €29,248 | €22,851 | -€6,397 | -21.9% |
| Deferred charges and accrued income | 490/1 | €694 | - | -€694 | |
| Total equity and liabilities | 10/49 | €34,352 | €48,693 | +€14,340 | +41.7% |
| Equity | 10/15 | €27,627 | €42,842 | +€15,215 | +55.1% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €13,079 | €13,079 | = | 0.0% |
| Distributable reserves | 133 | €13,079 | €13,079 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€10,451 | €4,764 | +€15,215 | |
| Amounts payable | 17/49 | €6,725 | €5,850 | -€874 | -13.0% |
| Amounts payable within one year | 42/48 | €6,725 | €5,850 | -€874 | -13.0% |
| Trade debts | 44 | €3,315 | €1,456 | -€1,859 | -56.1% |
| Suppliers | 440/4 | €3,315 | €1,456 | -€1,859 | -56.1% |
| Taxes, remuneration and social security | 45 | €3,409 | €4,394 | +€985 | +28.9% |
| Taxes | 450/3 | €3,409 | €4,394 | +€985 | +28.9% |
| Non-recurring operating income | 76A | €8,678 | €21,900 | +€13,222 | +152.4% |
| Other operating charges | 640/8 | €1,641 | €1,322 | -€319 | -19.4% |
| Gross operating margin | 9900 | €8,580 | €18,403 | +€9,823 | +114.5% |
| Operating profit (loss) | 9901 | €6,939 | €17,081 | +€10,142 | +146.2% |
| Financial income | 75/76B | €107 | €289 | +€182 | +169.6% |
| Recurring financial income | 75 | €107 | €289 | +€182 | +169.6% |
| Financial charges | 65/66B | €1,164 | €53 | -€1,111 | -95.4% |
| Recurring financial charges | 65 | €1,164 | €53 | -€1,111 | -95.4% |
| Profit (loss) for the period before taxes | 9903 | €5,882 | €17,317 | +€11,434 | +194.4% |
| Income taxes | 67/77 | €2,209 | €2,102 | -€108 | -4.9% |
| Profit (loss) for the period | 9904 | €3,673 | €15,215 | +€11,542 | +314.3% |
| Profit (loss) for the period to be appropriated | 9905 | €3,673 | €15,215 | +€11,542 | +314.3% |
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 30 September 2026 via checked.be.