ELB CONSTRUCT: 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.
ELB CONSTRUCT
Largest movements
- Receivables within one year +€319,907
up €319,907 (+995%), from €32,144 to €352,051
of which Trade receivables: +€295,857
- Tangible fixed assets +€23,187
up €23,187 (+562%), from €4,125 to €27,312
of which Furniture and vehicles: +€18,621
- Cash +€17,446
up €17,446 (+577%), from €3,024 to €20,469
mainly Trade debts (+€266,472) and Net result for the year (+€67,625)
- Trade debts +€266,472
up €266,472 (+2,263%), from €11,774 to €278,246
- Profit (loss) carried forward +€47,625
up €47,625 (+289%), from €16,490 to €64,115
- Other debts +€19,204
up €19,204 (+2,412%), from €796 to €20,000
- Tax, wage and social debts +€17,421
up €17,421 (+317%), from €5,497 to €22,918
- Advances received +€12,250
new in 2023: €12,250
- Gross operating margin +€33,120
up €33,120 (+48.4%), from €68,464 to €101,583
- Depreciation +€13,077
up €13,077 (+951%), from €1,375 to €14,452
- Taxes +€11,924
up €11,924 (+217%), from €5,497 to €17,421
- Financial charges +€1,103
up €1,103 (+2,111%), from €52 to €1,155
of which Non-recurring financial charges: +€1,095
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €53,193 | €416,164 | +€362,971 | +682% |
| Fixed assets | 21/28 | €4,125 | €30,924 | +€26,799 | +650% |
| Intangible fixed assets | 21 | - | €1,592 | +€1,592 | |
| Tangible fixed assets | 22/27 | €4,125 | €27,312 | +€23,187 | +562% |
| Plant, machinery and equipment | 23 | - | €4,566 | +€4,566 | |
| Furniture and vehicles | 24 | €4,125 | €22,746 | +€18,621 | +451% |
| Financial fixed assets | 28 | - | €2,020 | +€2,020 | |
| Current assets | 29/58 | €49,068 | €385,240 | +€336,172 | +685% |
| Stocks and contracts in progress | 3 | €13,901 | €12,230 | -€1,671 | -12.0% |
| Stocks | 30/36 | €3,451 | - | -€3,451 | |
| Contracts in progress | 37 | €10,450 | €12,230 | +€1,780 | +17.0% |
| Amounts receivable within one year | 40/41 | €32,144 | €352,051 | +€319,907 | +995% |
| Trade receivables | 40 | €25,792 | €321,649 | +€295,857 | +1,147% |
| Other amounts receivable | 41 | €6,351 | €30,401 | +€24,050 | +379% |
| Cash at bank and in hand | 54/58 | €3,024 | €20,469 | +€17,446 | +577% |
| Deferred charges and accrued income | 490/1 | - | €490 | +€490 | |
| Total equity and liabilities | 10/49 | €53,193 | €416,164 | +€362,971 | +682% |
| Equity | 10/15 | €35,090 | €82,715 | +€47,625 | +136% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €16,490 | €64,115 | +€47,625 | +289% |
| Amounts payable | 17/49 | €18,103 | €333,449 | +€315,347 | +1,742% |
| Amounts payable within one year | 42/48 | €18,103 | €333,449 | +€315,347 | +1,742% |
| Financial debts | 43 | €36 | €36 | = | 0.0% |
| Credit institutions | 430/8 | €36 | €36 | = | 0.0% |
| Trade debts | 44 | €11,774 | €278,246 | +€266,472 | +2,263% |
| Suppliers | 440/4 | €11,774 | €278,246 | +€266,472 | +2,263% |
| Advances received on contracts in progress | 46 | - | €12,250 | +€12,250 | |
| Taxes, remuneration and social security | 45 | €5,497 | €22,918 | +€17,421 | +317% |
| Taxes | 450/3 | €5,497 | €22,918 | +€17,421 | +317% |
| Other amounts payable | 47/48 | €796 | €20,000 | +€19,204 | +2,412% |
| Remuneration, social security and pensions | 62 | - | €63 | +€63 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,375 | €14,452 | +€13,077 | +951% |
| Other operating charges | 640/8 | - | €867 | +€867 | |
| Gross operating margin | 9900 | €68,464 | €101,583 | +€33,120 | +48.4% |
| Operating profit (loss) | 9901 | €67,089 | €86,201 | +€19,113 | +28.5% |
| Financial charges | 65/66B | €52 | €1,155 | +€1,103 | +2,111% |
| Recurring financial charges | 65 | €52 | €60 | +€8 | +15.3% |
| Non-recurring financial charges | 66B | - | €1,095 | +€1,095 | |
| Profit (loss) for the period before taxes | 9903 | €67,036 | €85,046 | +€18,009 | +26.9% |
| Income taxes | 67/77 | €5,497 | €17,421 | +€11,924 | +217% |
| Profit (loss) for the period | 9904 | €61,540 | €67,625 | +€6,085 | +9.9% |
| Profit (loss) for the period to be appropriated | 9905 | €61,540 | €67,625 | +€6,085 | +9.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.