E.L.H.: 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.
E.L.H.
Largest movements
- Receivables within one year -€39,704
down €39,704 (-71.6%), from €55,451 to €15,747
of which Trade receivables: -€50,131
- Tangible fixed assets -€25,194
down €25,194 (-35.4%), from €71,148 to €45,953
of which Leasing and similar rights: -€14,541
- Trade debts -€64,702
down €64,702 (-65.1%), from €99,339 to €34,638
- Profit (loss) carried forward +€10,607
up €10,607 (+38.1%), from €27,831 to €38,439
- Gross operating margin +€14,526
up €14,526 (+9.0%), from €161,272 to €175,797
- Staff costs +€13,770
up €13,770 (+12.8%), from €107,610 to €121,380
- Other operating charges +€9,761
up €9,761 (+441%), from €2,214 to €11,974
- Depreciation -€8,361
down €8,361 (-24.9%), from €33,555 to €25,194
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €620,710 | €560,153 | -€60,557 | -9.8% |
| Fixed assets | 21/28 | €346,773 | €321,578 | -€25,194 | -7.3% |
| Intangible fixed assets | 21 | €275,000 | €275,000 | = | 0.0% |
| Tangible fixed assets | 22/27 | €71,148 | €45,953 | -€25,194 | -35.4% |
| Plant, machinery and equipment | 23 | €2,090 | €1,590 | -€500 | -23.9% |
| Furniture and vehicles | 24 | €25,435 | €15,282 | -€10,154 | -39.9% |
| Leasing and similar rights | 25 | €43,622 | €29,081 | -€14,541 | -33.3% |
| Financial fixed assets | 28 | €625 | €625 | = | 0.0% |
| Current assets | 29/58 | €273,938 | €238,575 | -€35,363 | -12.9% |
| Amounts receivable after more than one year | 29 | €209,501 | €214,501 | +€5,000 | +2.4% |
| Other amounts receivable | 291 | €209,501 | €214,501 | +€5,000 | +2.4% |
| Amounts receivable within one year | 40/41 | €55,451 | €15,747 | -€39,704 | -71.6% |
| Trade receivables | 40 | €54,865 | €4,735 | -€50,131 | -91.4% |
| Other amounts receivable | 41 | €586 | €11,012 | +€10,426 | +1,779% |
| Cash at bank and in hand | 54/58 | €5,479 | €4,637 | -€842 | -15.4% |
| Deferred charges and accrued income | 490/1 | €3,505 | €3,689 | +€184 | +5.2% |
| Total equity and liabilities | 10/49 | €620,710 | €560,153 | -€60,557 | -9.8% |
| Equity | 10/15 | €466,831 | €477,439 | +€10,607 | +2.3% |
| Contributions | 10/11 | €182,000 | €182,000 | = | 0.0% |
| Revaluation surpluses | 12 | €257,000 | €257,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €27,831 | €38,439 | +€10,607 | +38.1% |
| Amounts payable | 17/49 | €153,879 | €82,714 | -€71,164 | -46.2% |
| Amounts payable after more than one year | 17 | €14,853 | €12,204 | -€2,649 | -17.8% |
| Financial debts | 170/4 | €14,853 | €12,204 | -€2,649 | -17.8% |
| Amounts payable within one year | 42/48 | €139,026 | €70,510 | -€68,516 | -49.3% |
| Current portion of amounts payable after more than one year | 42 | €14,775 | €11,177 | -€3,597 | -24.3% |
| Trade debts | 44 | €99,339 | €34,638 | -€64,702 | -65.1% |
| Suppliers | 440/4 | €99,339 | €34,638 | -€64,702 | -65.1% |
| Taxes, remuneration and social security | 45 | €22,762 | €22,545 | -€217 | -1.0% |
| Taxes | 450/3 | €5,769 | €8,323 | +€2,554 | +44.3% |
| Remuneration and social security | 454/9 | €16,992 | €14,222 | -€2,770 | -16.3% |
| Other amounts payable | 47/48 | €2,150 | €2,150 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €107,610 | €121,380 | +€13,770 | +12.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,555 | €25,194 | -€8,361 | -24.9% |
| Other operating charges | 640/8 | €2,214 | €11,974 | +€9,761 | +441% |
| Gross operating margin | 9900 | €161,272 | €175,797 | +€14,526 | +9.0% |
| Operating profit (loss) | 9901 | €17,893 | €17,249 | -€644 | -3.6% |
| Financial charges | 65/66B | €1,555 | €3,106 | +€1,552 | +99.8% |
| Recurring financial charges | 65 | €1,555 | €3,106 | +€1,552 | +99.8% |
| Profit (loss) for the period before taxes | 9903 | €16,338 | €14,143 | -€2,195 | -13.4% |
| Income taxes | 67/77 | €5,039 | €3,536 | -€1,504 | -29.8% |
| Profit (loss) for the period | 9904 | €11,299 | €10,607 | -€692 | -6.1% |
| Profit (loss) for the period to be appropriated | 9905 | €11,299 | €10,607 | -€692 | -6.1% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.