ELANDIA: 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.
ELANDIA
Largest movements
- Receivables within one year +€35,212
up €35,212 (+157%), from €22,373 to €57,585
of which Other amounts receivable: +€38,971
- Cash +€8,410
up €8,410 (+54.3%), from €15,481 to €23,891
mainly Net result for the year (+€34,132) and Tax, wage and social debts (+€14,056)
- Deferred charges and accrued income +€2,350
up €2,350 (+522%), from €450 to €2,800
- Reserves +€34,000
up €34,000 (+167%), from €20,355 to €54,355
of which Distributable reserves: +€34,000
- Tax, wage and social debts +€14,056
up €14,056 (+156%), from €8,993 to €23,049
- Debts after one year -€4,841
down €4,841 (-20.1%), from €24,068 to €19,227
- Current portion of long-term debt +€2,463
up €2,463 (+26.7%), from €9,210 to €11,673
- Gross operating margin +€43,826
up €43,826 (+227%), from €19,312 to €63,138
- Taxes +€15,424
up €15,424 (+476%), from €3,238 to €18,662
- Other operating charges +€1,989
up €1,989 (+87.7%), from €2,268 to €4,257
- Depreciation -€652
down €652 (-11.0%), from €5,930 to €5,278
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 | €131,768 | €178,039 | +€46,271 | +35.1% |
| Fixed assets | 21/28 | €93,464 | €93,763 | +€299 | +0.3% |
| Intangible fixed assets | 21 | - | €595 | +€595 | |
| Tangible fixed assets | 22/27 | €93,184 | €92,888 | -€296 | -0.3% |
| Land and buildings | 22 | €88,022 | €85,026 | -€2,996 | -3.4% |
| Plant, machinery and equipment | 23 | €3,859 | €3,100 | -€759 | -19.7% |
| Furniture and vehicles | 24 | €1,303 | €4,762 | +€3,459 | +265% |
| Financial fixed assets | 28 | €280 | €280 | = | 0.0% |
| Current assets | 29/58 | €38,304 | €84,276 | +€45,972 | +120% |
| Amounts receivable within one year | 40/41 | €22,373 | €57,585 | +€35,212 | +157% |
| Trade receivables | 40 | €8,436 | €4,677 | -€3,759 | -44.6% |
| Other amounts receivable | 41 | €13,937 | €52,908 | +€38,971 | +280% |
| Cash at bank and in hand | 54/58 | €15,481 | €23,891 | +€8,410 | +54.3% |
| Deferred charges and accrued income | 490/1 | €450 | €2,800 | +€2,350 | +522% |
| Total equity and liabilities | 10/49 | €131,768 | €178,039 | +€46,271 | +35.1% |
| Equity | 10/15 | €81,302 | €115,434 | +€34,132 | +42.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €20,355 | €54,355 | +€34,000 | +167% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €18,500 | €52,500 | +€34,000 | +184% |
| Profit (loss) carried forward | 14 | €54,747 | €54,879 | +€132 | +0.2% |
| Amounts payable | 17/49 | €50,466 | €62,605 | +€12,139 | +24.1% |
| Amounts payable after more than one year | 17 | €24,068 | €19,227 | -€4,841 | -20.1% |
| Financial debts | 170/4 | €24,068 | €19,227 | -€4,841 | -20.1% |
| Amounts payable within one year | 42/48 | €26,398 | €43,378 | +€16,980 | +64.3% |
| Current portion of amounts payable after more than one year | 42 | €9,210 | €11,673 | +€2,463 | +26.7% |
| Financial debts | 43 | €384 | €2,124 | +€1,740 | +453% |
| Credit institutions | 430/8 | €384 | €2,124 | +€1,740 | +453% |
| Trade debts | 44 | €7,811 | €6,532 | -€1,279 | -16.4% |
| Suppliers | 440/4 | €7,811 | €6,532 | -€1,279 | -16.4% |
| Taxes, remuneration and social security | 45 | €8,993 | €23,049 | +€14,056 | +156% |
| Taxes | 450/3 | €8,993 | €23,049 | +€14,056 | +156% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,930 | €5,278 | -€652 | -11.0% |
| Other operating charges | 640/8 | €2,268 | €4,257 | +€1,989 | +87.7% |
| Gross operating margin | 9900 | €19,312 | €63,138 | +€43,826 | +227% |
| Operating profit (loss) | 9901 | €11,114 | €53,603 | +€42,489 | +382% |
| Financial income | 75/76B | €553 | €440 | -€113 | -20.4% |
| Recurring financial income | 75 | €553 | €440 | -€113 | -20.4% |
| Financial charges | 65/66B | €1,583 | €1,249 | -€334 | -21.1% |
| Recurring financial charges | 65 | €1,583 | €1,249 | -€334 | -21.1% |
| Profit (loss) for the period before taxes | 9903 | €10,084 | €52,794 | +€42,710 | +424% |
| Income taxes | 67/77 | €3,238 | €18,662 | +€15,424 | +476% |
| Profit (loss) for the period | 9904 | €6,846 | €34,132 | +€27,286 | +399% |
| Profit (loss) for the period to be appropriated | 9905 | €6,846 | €34,132 | +€27,286 | +399% |
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 18 October 2026 via checked.be.