E.L.C-S.V.C: what changed
What changed
E.L.C-S.V.C
NACE 46.842, Wholesale trade
filed annual accounts (NBB)
Net result for the year
€25,826
2023 · €43,553-€17,728
Equity
€1.0m
2023 · €978,758+€25,826
Cash
€48,771
2023 · €85,853-€37,082
Balance sheet total
€1.9m
2023 · €2.0m-€94,648
Largest movements
Assets
- Cash -€37,082
down €37,082 (-43.2%), from €85,853 to €48,771
mainly Trade debts (-€137,696) and Debts after one year (-€37,303)
- Receivables within one year -€25,883
down €25,883 (-3.6%), from €719,472 to €693,589
of which Trade receivables: -€17,990
- Stocks and contracts -€25,154
down €25,154 (-7.7%), from €325,795 to €300,640
Equity and liabilities
- Trade debts -€137,696
down €137,696 (-26.1%), from €526,989 to €389,293
- Short-term financial debts +€55,820
up €55,820 (+22.3%), from €250,000 to €305,820
- Debts after one year -€37,303
down €37,303 (-22.9%), from €162,665 to €125,362
- Reserves +€25,826
up €25,826 (+3.5%), from €737,258 to €763,084
of which Distributable reserves: +€25,826
Income statement
- Gross operating margin -€52,478
down €52,478 (-13.8%), from €380,306 to €327,829
- Staff costs -€32,226
down €32,226 (-12.6%), from €255,010 to €222,785
- Financial charges +€23,524
up €23,524 (+81.8%), from €28,769 to €52,293
- Other operating charges -€10,744
down €10,744 (-77.2%), from €13,925 to €3,181
- Depreciation -€9,597
down €9,597 (-40.1%), from €23,951 to €14,354
Change in the result, 2023 to 2024
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2023
€43,553
Gross operating margin
-€52,478
Staff costs
+€32,226
Depreciation
+€9,597
Other operating charges
+€10,744
Financial income
-€2,201
Financial charges
-€23,524
Taxes
+€7,907
Result 2024
€25,826
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2023 and 2024 balance sheets and the 2024 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€48,745
Investment
-€8,045
Financing
+€19,709
Cash 2023
€85,853
From operations (derived)
-€48,745
Net result for the year
+€25,826
Depreciation
+€14,354
Stocks and contracts
+€25,154
Receivables within one year
+€25,883
Deferred charges and accrued income
+€220
Trade debts
-€137,696
Tax, wage and social debts
-€2,100
Other debts
-€10,386
Accrued charges and deferred income
+€10,000
Investment (derived)
-€8,045
Investment in fixed assets (net)
-€8,045
Financing
+€19,709
Debts after one year
-€37,303
Current portion of long-term debt
+€1,192
Short-term financial debts
+€55,820
Cash 2024
€48,771
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,034,137 | €1,939,489 | -€94,648 | -4.7% |
| Fixed assets | 21/28 | €780,139 | €773,831 | -€6,309 | -0.8% |
| Tangible fixed assets | 22/27 | €72,022 | €65,714 | -€6,309 | -8.8% |
| Plant, machinery and equipment | 23 | €2,724 | €1,371 | -€1,352 | -49.7% |
| Furniture and vehicles | 24 | €27,687 | €28,678 | +€991 | +3.6% |
| Leasing and similar rights | 25 | €33,569 | €28,773 | -€4,796 | -14.3% |
| Other tangible fixed assets | 26 | €8,042 | €6,891 | -€1,151 | -14.3% |
| Financial fixed assets | 28 | €708,117 | €708,117 | = | 0.0% |
| Current assets | 29/58 | €1,253,997 | €1,165,658 | -€88,339 | -7.0% |
| Amounts receivable after more than one year | 29 | €100,000 | €100,000 | = | 0.0% |
| Other amounts receivable | 291 | €100,000 | €100,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €325,795 | €300,640 | -€25,154 | -7.7% |
| Stocks | 30/36 | €325,795 | €300,640 | -€25,154 | -7.7% |
| Amounts receivable within one year | 40/41 | €719,472 | €693,589 | -€25,883 | -3.6% |
| Trade receivables | 40 | €575,044 | €557,055 | -€17,990 | -3.1% |
| Other amounts receivable | 41 | €144,428 | €136,534 | -€7,893 | -5.5% |
| Cash at bank and in hand | 54/58 | €85,853 | €48,771 | -€37,082 | -43.2% |
| Deferred charges and accrued income | 490/1 | €22,878 | €22,658 | -€220 | -1.0% |
| Total equity and liabilities | 10/49 | €2,034,137 | €1,939,489 | -€94,648 | -4.7% |
| Equity | 10/15 | €978,758 | €1,004,584 | +€25,826 | +2.6% |
| Contributions | 10/11 | €241,500 | €241,500 | = | 0.0% |
| Capital | 10 | €241,500 | €241,500 | = | 0.0% |
| Issued capital | 100 | €241,500 | €241,500 | = | 0.0% |
| Reserves | 13 | €737,258 | €763,084 | +€25,826 | +3.5% |
| Non-distributable reserves | 130/1 | €24,150 | €24,150 | = | 0.0% |
| Legal reserve | 130 | €24,150 | €24,150 | = | 0.0% |
| Distributable reserves | 133 | €713,108 | €738,934 | +€25,826 | +3.6% |
| Amounts payable | 17/49 | €1,055,379 | €934,905 | -€120,473 | -11.4% |
| Amounts payable after more than one year | 17 | €162,665 | €125,362 | -€37,303 | -22.9% |
| Financial debts | 170/4 | €162,665 | €125,362 | -€37,303 | -22.9% |
| Amounts payable within one year | 42/48 | €892,714 | €799,543 | -€93,170 | -10.4% |
| Current portion of amounts payable after more than one year | 42 | €44,186 | €45,378 | +€1,192 | +2.7% |
| Financial debts | 43 | €250,000 | €305,820 | +€55,820 | +22.3% |
| Credit institutions | 430/8 | €250,000 | €305,820 | +€55,820 | +22.3% |
| Trade debts | 44 | €526,989 | €389,293 | -€137,696 | -26.1% |
| Suppliers | 440/4 | €526,989 | €389,293 | -€137,696 | -26.1% |
| Taxes, remuneration and social security | 45 | €58,180 | €56,080 | -€2,100 | -3.6% |
| Taxes | 450/3 | €58,180 | €56,080 | -€2,100 | -3.6% |
| Other amounts payable | 47/48 | €13,359 | €2,973 | -€10,386 | -77.7% |
| Accrued charges and deferred income | 492/3 | - | €10,000 | +€10,000 | |
| Remuneration, social security and pensions | 62 | €255,010 | €222,785 | -€32,226 | -12.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,951 | €14,354 | -€9,597 | -40.1% |
| Other operating charges | 640/8 | €13,925 | €3,181 | -€10,744 | -77.2% |
| Gross operating margin | 9900 | €380,306 | €327,829 | -€52,478 | -13.8% |
| Operating profit (loss) | 9901 | €87,419 | €87,509 | +€90 | +0.1% |
| Financial income | 75/76B | €4,899 | €2,698 | -€2,201 | -44.9% |
| Recurring financial income | 75 | €4,899 | €2,698 | -€2,201 | -44.9% |
| Financial charges | 65/66B | €28,769 | €52,293 | +€23,524 | +81.8% |
| Recurring financial charges | 65 | €28,769 | €52,293 | +€23,524 | +81.8% |
| Profit (loss) for the period before taxes | 9903 | €63,550 | €37,915 | -€25,635 | -40.3% |
| Income taxes | 67/77 | €19,996 | €12,089 | -€7,907 | -39.5% |
| Profit (loss) for the period | 9904 | €43,553 | €25,826 | -€17,728 | -40.7% |
| Profit (loss) for the period to be appropriated | 9905 | €43,553 | €25,826 | -€17,728 | -40.7% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.