EL-WAY: 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.
EL-WAY
Largest movements
- Tangible fixed assets -€13,197
down €13,197 (-23.8%), from €55,484 to €42,287
of which Leasing and similar rights: -€11,957
- Cash -€3,341
down €3,341 (-74.6%), from €4,481 to €1,140
mainly Net result for the year (-€19,795) and Debts after one year (-€7,513)
- Receivables within one year -€2,891
down €2,891 (-5.0%), from €57,682 to €54,790
of which Other amounts receivable: -€9,795
- Profit (loss) carried forward -€19,795
down €19,795 (-99.9%), from €19,815 to €20
- Debts after one year -€7,513
down €7,513 (-25.7%), from €29,243 to €21,731
- Trade debts +€5,366
up €5,366 (+26.4%), from €20,327 to €25,693
- Tax, wage and social debts +€4,321
up €4,321 (+24.3%), from €17,801 to €22,121
of which Remuneration and social security: +€5,500
- Other debts -€2,182
down €2,182 (-5.6%), from €38,706 to €36,524
- Gross operating margin -€18,738
down €18,738, from €15,977 to -€2,761
- Depreciation +€4,872
up €4,872 (+58.5%), from €8,325 to €13,197
- Taxes -€1,805
down €1,805 (-82.0%), from €2,201 to €396
- Financial income +€379
up €379 (+745%), from €51 to €430
- Financial charges +€236
up €236 (+17.5%), from €1,354 to €1,591
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 | €153,613 | €134,061 | -€19,552 | -12.7% |
| Fixed assets | 21/28 | €55,484 | €42,287 | -€13,197 | -23.8% |
| Tangible fixed assets | 22/27 | €55,484 | €42,287 | -€13,197 | -23.8% |
| Plant, machinery and equipment | 23 | €1,210 | €603 | -€607 | -50.1% |
| Furniture and vehicles | 24 | €1,432 | €798 | -€634 | -44.3% |
| Leasing and similar rights | 25 | €52,842 | €40,885 | -€11,957 | -22.6% |
| Current assets | 29/58 | €98,129 | €91,774 | -€6,355 | -6.5% |
| Stocks and contracts in progress | 3 | €33,748 | €33,748 | = | 0.0% |
| Stocks | 30/36 | €33,748 | €33,748 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €57,682 | €54,790 | -€2,891 | -5.0% |
| Trade receivables | 40 | €44,621 | €51,525 | +€6,903 | +15.5% |
| Other amounts receivable | 41 | €13,060 | €3,266 | -€9,795 | -75.0% |
| Cash at bank and in hand | 54/58 | €4,481 | €1,140 | -€3,341 | -74.6% |
| Deferred charges and accrued income | 490/1 | €2,218 | €2,095 | -€123 | -5.5% |
| Total equity and liabilities | 10/49 | €153,613 | €134,061 | -€19,552 | -12.7% |
| Equity | 10/15 | €40,275 | €20,480 | -€19,795 | -49.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €19,815 | €20 | -€19,795 | -99.9% |
| Amounts payable | 17/49 | €113,339 | €113,581 | +€243 | +0.2% |
| Amounts payable after more than one year | 17 | €29,243 | €21,731 | -€7,513 | -25.7% |
| Financial debts | 170/4 | €29,243 | €21,731 | -€7,513 | -25.7% |
| Amounts payable within one year | 42/48 | €84,095 | €91,851 | +€7,756 | +9.2% |
| Current portion of amounts payable after more than one year | 42 | €7,262 | €7,513 | +€251 | +3.5% |
| Trade debts | 44 | €20,327 | €25,693 | +€5,366 | +26.4% |
| Suppliers | 440/4 | €20,327 | €25,693 | +€5,366 | +26.4% |
| Taxes, remuneration and social security | 45 | €17,801 | €22,121 | +€4,321 | +24.3% |
| Taxes | 450/3 | €9,401 | €8,221 | -€1,179 | -12.5% |
| Remuneration and social security | 454/9 | €8,400 | €13,900 | +€5,500 | +65.5% |
| Other amounts payable | 47/48 | €38,706 | €36,524 | -€2,182 | -5.6% |
| Remuneration, social security and pensions | 62 | €96 | - | -€96 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,325 | €13,197 | +€4,872 | +58.5% |
| Other operating charges | 640/8 | €2,460 | €2,281 | -€179 | -7.3% |
| Gross operating margin | 9900 | €15,977 | -€2,761 | -€18,738 | |
| Operating profit (loss) | 9901 | €5,096 | -€18,239 | -€23,335 | |
| Financial income | 75/76B | €51 | €430 | +€379 | +745% |
| Recurring financial income | 75 | €51 | €430 | +€379 | +745% |
| Financial charges | 65/66B | €1,354 | €1,591 | +€236 | +17.5% |
| Recurring financial charges | 65 | €1,354 | €1,591 | +€236 | +17.5% |
| Profit (loss) for the period before taxes | 9903 | €3,793 | -€19,400 | -€23,192 | |
| Income taxes | 67/77 | €2,201 | €396 | -€1,805 | -82.0% |
| Profit (loss) for the period | 9904 | €1,592 | -€19,795 | -€21,387 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,592 | -€19,795 | -€21,387 |
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 26 October 2026 via checked.be.