ELVV Management: 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.
ELVV Management
Largest movements
- Cash -€138,649
down €138,649 (-72.0%), from €192,570 to €53,921
mainly Other debts (-€142,372) and Contributions, distributions and other (-€119,108)
- Tangible fixed assets -€11,124
down €11,124 (-22.8%), from €48,700 to €37,575
- Receivables within one year -€4,010
down €4,010 (-28.6%), from €14,012 to €10,002
- Other debts -€142,372
down €142,372 (-71.0%), from €200,477 to €58,105
- Debts after one year -€9,069
down €9,069 (-32.0%), from €28,299 to €19,231
- Tax, wage and social debts -€3,353
no longer reported in 2025 (was €3,353)
- Gross operating margin -€162,872
down €162,872 (-59.8%), from €272,445 to €109,573
- Financial income +€45,254
up €45,254 (+6646.1%), from €681 to €45,935
- Taxes -€40,105
down €40,105 (-65.5%), from €61,204 to €21,099
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 | €259,932 | €106,149 | -€153,783 | -59.2% |
| Fixed assets | 21/28 | €53,350 | €42,225 | -€11,124 | -20.9% |
| Tangible fixed assets | 22/27 | €48,700 | €37,575 | -€11,124 | -22.8% |
| Furniture and vehicles | 24 | €48,700 | €37,575 | -€11,124 | -22.8% |
| Financial fixed assets | 28 | €4,650 | €4,650 | = | 0.0% |
| Current assets | 29/58 | €206,582 | €63,924 | -€142,658 | -69.1% |
| Amounts receivable within one year | 40/41 | €14,012 | €10,002 | -€4,010 | -28.6% |
| Other amounts receivable | 41 | €14,012 | €10,002 | -€4,010 | -28.6% |
| Cash at bank and in hand | 54/58 | €192,570 | €53,921 | -€138,649 | -72.0% |
| Total equity and liabilities | 10/49 | €259,932 | €106,149 | -€153,783 | -59.2% |
| Equity | 10/15 | €18,600 | €18,600 | = | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Amounts payable | 17/49 | €241,332 | €87,549 | -€153,783 | -63.7% |
| Amounts payable after more than one year | 17 | €28,299 | €19,231 | -€9,069 | -32.0% |
| Financial debts | 170/4 | €28,299 | €19,231 | -€9,069 | -32.0% |
| Amounts payable within one year | 42/48 | €213,032 | €68,319 | -€144,714 | -67.9% |
| Current portion of amounts payable after more than one year | 42 | €8,723 | €9,069 | +€346 | +4.0% |
| Trade debts | 44 | €479 | €1,145 | +€666 | +139.1% |
| Suppliers | 440/4 | €479 | €1,145 | +€666 | +139.1% |
| Taxes, remuneration and social security | 45 | €3,353 | - | -€3,353 | |
| Taxes | 450/3 | €3,353 | - | -€3,353 | |
| Other amounts payable | 47/48 | €200,477 | €58,105 | -€142,372 | -71.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,755 | €13,484 | -€271 | -2.0% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €272,445 | €109,573 | -€162,872 | -59.8% |
| Operating profit (loss) | 9901 | €258,303 | €95,689 | -€162,614 | -63.0% |
| Financial income | 75/76B | €681 | €45,935 | +€45,254 | +6646.1% |
| Recurring financial income | 75 | €681 | €45,935 | +€45,254 | +6646.1% |
| Financial charges | 65/66B | €1,872 | €1,417 | -€455 | -24.3% |
| Recurring financial charges | 65 | €1,872 | €1,417 | -€455 | -24.3% |
| Profit (loss) for the period before taxes | 9903 | €257,112 | €140,207 | -€116,904 | -45.5% |
| Income taxes | 67/77 | €61,204 | €21,099 | -€40,105 | -65.5% |
| Profit (loss) for the period | 9904 | €195,908 | €119,108 | -€76,800 | -39.2% |
| Profit (loss) for the period to be appropriated | 9905 | €195,908 | €119,108 | -€76,800 | -39.2% |
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 10 October 2026 via checked.be.