R.C. ELEVATION: 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.
R.C. ELEVATION
Largest movements
- Cash -€12,426
down €12,426 (-24.3%), from €51,155 to €38,728
mainly Trade debts (-€30,833) and Debts after one year (-€22,222)
- Receivables within one year +€4,858
up €4,858 (+1.5%), from €331,873 to €336,731
of which Trade receivables: +€16,978
- Trade debts -€30,833
down €30,833 (-69.0%), from €44,700 to €13,868
- Other debts +€28,395
new in 2025: €28,395
- Debts after one year -€22,222
down €22,222 (-10.4%), from €213,207 to €190,984
- Tax, wage and social debts +€12,148
up €12,148 (+61.6%), from €19,722 to €31,870
of which Remuneration and social security: +€7,169
- Gross operating margin +€26,966
up €26,966 (+29.0%), from €93,100 to €120,066
- Staff costs +€17,866
up €17,866 (+20.9%), from €85,342 to €103,208
- Financial income +€5,208
up €5,208 (+4,875%), from €107 to €5,315
- Financial charges +€2,849
up €2,849 (+35.0%), from €8,144 to €10,993
- Taxes +€2,555
up €2,555 (+958%), from €267 to €2,822
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 | €407,850 | €399,861 | -€7,989 | -2.0% |
| Fixed assets | 21/28 | €24,822 | €24,401 | -€421 | -1.7% |
| Tangible fixed assets | 22/27 | €24,822 | €24,401 | -€421 | -1.7% |
| Land and buildings | 22 | €24,822 | €24,401 | -€421 | -1.7% |
| Current assets | 29/58 | €383,028 | €375,460 | -€7,568 | -2.0% |
| Amounts receivable within one year | 40/41 | €331,873 | €336,731 | +€4,858 | +1.5% |
| Trade receivables | 40 | €82,709 | €99,687 | +€16,978 | +20.5% |
| Other amounts receivable | 41 | €249,164 | €237,044 | -€12,120 | -4.9% |
| Cash at bank and in hand | 54/58 | €51,155 | €38,728 | -€12,426 | -24.3% |
| Total equity and liabilities | 10/49 | €407,850 | €399,861 | -€7,989 | -2.0% |
| Equity | 10/15 | €108,879 | €112,522 | +€3,643 | +3.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €2,775 | €2,775 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,775 | €2,775 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,775 | €2,775 | = | 0.0% |
| Profit (loss) carried forward | 14 | €87,504 | €91,147 | +€3,643 | +4.2% |
| Amounts payable | 17/49 | €298,971 | €287,339 | -€11,632 | -3.9% |
| Amounts payable after more than one year | 17 | €213,207 | €190,984 | -€22,222 | -10.4% |
| Financial debts | 170/4 | €213,207 | €190,984 | -€22,222 | -10.4% |
| Amounts payable within one year | 42/48 | €85,765 | €96,354 | +€10,590 | +12.3% |
| Current portion of amounts payable after more than one year | 42 | €21,343 | €22,222 | +€880 | +4.1% |
| Trade debts | 44 | €44,700 | €13,868 | -€30,833 | -69.0% |
| Suppliers | 440/4 | €44,700 | €13,868 | -€30,833 | -69.0% |
| Taxes, remuneration and social security | 45 | €19,722 | €31,870 | +€12,148 | +61.6% |
| Taxes | 450/3 | €15,776 | €20,754 | +€4,979 | +31.6% |
| Remuneration and social security | 454/9 | €3,946 | €11,115 | +€7,169 | +182% |
| Other amounts payable | 47/48 | - | €28,395 | +€28,395 | |
| Non-recurring operating income | 76A | - | €12,788 | +€12,788 | |
| Remuneration, social security and pensions | 62 | €85,342 | €103,208 | +€17,866 | +20.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,057 | €2,771 | +€1,714 | +162% |
| Other operating charges | 640/8 | €1,702 | €1,943 | +€241 | +14.2% |
| Gross operating margin | 9900 | €93,100 | €120,066 | +€26,966 | +29.0% |
| Operating profit (loss) | 9901 | €4,999 | €12,144 | +€7,145 | +143% |
| Financial income | 75/76B | €107 | €5,315 | +€5,208 | +4,875% |
| Recurring financial income | 75 | €107 | €5,315 | +€5,208 | +4,875% |
| Financial charges | 65/66B | €8,144 | €10,993 | +€2,849 | +35.0% |
| Recurring financial charges | 65 | €8,144 | €10,993 | +€2,849 | +35.0% |
| Profit (loss) for the period before taxes | 9903 | -€3,038 | €6,466 | +€9,503 | |
| Income taxes | 67/77 | €267 | €2,822 | +€2,555 | +958% |
| Profit (loss) for the period | 9904 | -€3,305 | €3,643 | +€6,948 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,305 | €3,643 | +€6,948 |
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 27 October 2026 via checked.be.