ELAMELEC: 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.
ELAMELEC
Largest movements
- Cash +€130,840
up €130,840 (+79.4%), from €164,795 to €295,635
mainly Other debts (+€246,568) and Net result for the year (+€91,636)
- Receivables within one year -€17,437
down €17,437 (-29.7%), from €58,645 to €41,208
of which Other amounts receivable: -€10,710
- Tangible fixed assets +€6,326
up €6,326 (+20.1%), from €31,443 to €37,769
of which Furniture and vehicles: +€7,435
- Other debts +€246,568
up €246,568 (+7,183%), from €3,432 to €250,000
- Reserves -€150,000
down €150,000 (-75.0%), from €200,000 to €50,000
- Tax, wage and social debts +€12,235
up €12,235 (+36.5%), from €33,524 to €45,759
- Advances received +€10,532
new in 2024: €10,532
- Profit (loss) carried forward -€8,364
down €8,364 (-57.6%), from €14,514 to €6,150
- Turnover -€253,410
no longer reported in 2024 (was €253,410)
- Purchases and services -€156,246
no longer reported in 2024 (was €156,246)
- Gross operating margin +€30,475
up €30,475 (+30.3%), from €100,657 to €131,132
- Taxes +€9,245
up €9,245 (+50.7%), from €18,233 to €27,478
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 | €257,457 | €374,612 | +€117,156 | +45.5% |
| Fixed assets | 21/28 | €31,443 | €37,769 | +€6,326 | +20.1% |
| Tangible fixed assets | 22/27 | €31,443 | €37,769 | +€6,326 | +20.1% |
| Furniture and vehicles | 24 | €21,058 | €28,493 | +€7,435 | +35.3% |
| Other tangible fixed assets | 26 | €10,386 | €9,276 | -€1,109 | -10.7% |
| Current assets | 29/58 | €226,013 | €336,843 | +€110,830 | +49.0% |
| Amounts receivable within one year | 40/41 | €58,645 | €41,208 | -€17,437 | -29.7% |
| Trade receivables | 40 | €24,395 | €17,668 | -€6,727 | -27.6% |
| Other amounts receivable | 41 | €34,249 | €23,540 | -€10,710 | -31.3% |
| Cash at bank and in hand | 54/58 | €164,795 | €295,635 | +€130,840 | +79.4% |
| Deferred charges and accrued income | 490/1 | €2,573 | - | -€2,573 | |
| Total equity and liabilities | 10/49 | €257,457 | €374,612 | +€117,156 | +45.5% |
| Equity | 10/15 | €217,014 | €58,650 | -€158,364 | -73.0% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Contributions outside capital | 11 | - | €2,500 | +€2,500 | |
| Other | 1109/19 | - | €2,500 | +€2,500 | |
| Reserves | 13 | €200,000 | €50,000 | -€150,000 | -75.0% |
| Distributable reserves | 133 | €200,000 | €50,000 | -€150,000 | -75.0% |
| Profit (loss) carried forward | 14 | €14,514 | €6,150 | -€8,364 | -57.6% |
| Amounts payable | 17/49 | €40,443 | €315,963 | +€275,520 | +681% |
| Amounts payable within one year | 42/48 | €40,443 | €315,963 | +€275,520 | +681% |
| Trade debts | 44 | €3,487 | €9,673 | +€6,186 | +177% |
| Suppliers | 440/4 | €3,487 | €9,673 | +€6,186 | +177% |
| Advances received on contracts in progress | 46 | - | €10,532 | +€10,532 | |
| Taxes, remuneration and social security | 45 | €33,524 | €45,759 | +€12,235 | +36.5% |
| Taxes | 450/3 | €33,524 | €45,759 | +€12,235 | +36.5% |
| Other amounts payable | 47/48 | €3,432 | €250,000 | +€246,568 | +7,183% |
| Turnover | 70 | €253,410 | - | -€253,410 | |
| Goods, raw materials, services and sundry goods | 60/61 | €156,246 | - | -€156,246 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,006 | €9,774 | -€231 | -2.3% |
| Other operating charges | 640/8 | €1,350 | €1,466 | +€117 | +8.6% |
| Gross operating margin | 9900 | €100,657 | €131,132 | +€30,475 | +30.3% |
| Operating profit (loss) | 9901 | €89,302 | €119,892 | +€30,590 | +34.3% |
| Financial income | 75/76B | €252 | €48 | -€205 | -81.1% |
| Recurring financial income | 75 | €252 | €48 | -€205 | -81.1% |
| Financial charges | 65/66B | €902 | €826 | -€76 | -8.5% |
| Recurring financial charges | 65 | €902 | €826 | -€76 | -8.5% |
| Profit (loss) for the period before taxes | 9903 | €88,653 | €119,114 | +€30,461 | +34.4% |
| Income taxes | 67/77 | €18,233 | €27,478 | +€9,245 | +50.7% |
| Profit (loss) for the period | 9904 | €70,420 | €91,636 | +€21,216 | +30.1% |
| Profit (loss) for the period to be appropriated | 9905 | €70,420 | €91,636 | +€21,216 | +30.1% |
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 21 October 2026 via checked.be.