ELBOR: what changed
Two fiscal 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.
ELBOR
Largest movements
- Tangible fixed assets -€6,275
down €6,275 (-15.0%), from €41,963 to €35,688
of which Other tangible fixed assets: -€5,685
- Stocks and contracts +€5,839
new in 2024: €5,839
- Cash +€2,197
up €2,197 (+153.7%), from €1,430 to €3,627
mainly Trade debts (+€20,746) and Net result for the year (+€8,942)
- Receivables within one year +€1,417
new in 2024: €1,417
of which Trade receivables: +€1,416
- Debts after one year -€24,614
down €24,614 (-59.3%), from €41,480 to €16,866
- Trade debts +€20,746
up €20,746 (+414.3%), from €5,008 to €25,754
- Profit (loss) carried forward +€8,942
up €8,942 (+72.3%), from -€12,371 to -€3,429
- Tax, wage and social debts -€1,895
down €1,895 (-44.3%), from €4,281 to €2,386
of which Taxes: -€1,355
- Gross operating margin +€3,593
up €3,593 (+24.2%), from €14,868 to €18,461
- Staff costs -€2,859
down €2,859 (-77.4%), from €3,696 to €837
- Taxes +€1,382
new in 2024: €1,382
- Financial charges +€492
up €492 (+101.7%), from €484 to €975
- Other operating charges -€384
down €384 (-87.5%), from €439 to €55
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.
Cash bridge derived
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 | €48,398 | €51,576 | +€3,179 | +6.6% |
| Fixed assets | 21/28 | €46,968 | €40,693 | -€6,275 | -13.4% |
| Tangible fixed assets | 22/27 | €41,963 | €35,688 | -€6,275 | -15.0% |
| Furniture and vehicles | 24 | €1,115 | €526 | -€590 | -52.9% |
| Other tangible fixed assets | 26 | €40,847 | €35,162 | -€5,685 | -13.9% |
| Financial fixed assets | 28 | €5,005 | €5,005 | = | 0.0% |
| Current assets | 29/58 | €1,430 | €10,884 | +€9,453 | +661.0% |
| Stocks and contracts in progress | 3 | - | €5,839 | +€5,839 | |
| Stocks | 30/36 | - | €5,839 | +€5,839 | |
| Amounts receivable within one year | 40/41 | - | €1,417 | +€1,417 | |
| Trade receivables | 40 | - | €1,416 | +€1,416 | |
| Other amounts receivable | 41 | - | €2 | +€2 | |
| Cash at bank and in hand | 54/58 | €1,430 | €3,627 | +€2,197 | +153.7% |
| Total equity and liabilities | 10/49 | €48,398 | €51,576 | +€3,179 | +6.6% |
| Equity | 10/15 | -€2,371 | €6,571 | +€8,942 | |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€12,371 | -€3,429 | +€8,942 | +72.3% |
| Amounts payable | 17/49 | €50,769 | €45,006 | -€5,763 | -11.4% |
| Amounts payable after more than one year | 17 | €41,480 | €16,866 | -€24,614 | -59.3% |
| Financial debts | 170/4 | €41,480 | €16,866 | -€24,614 | -59.3% |
| Amounts payable within one year | 42/48 | €9,289 | €28,139 | +€18,851 | +202.9% |
| Trade debts | 44 | €5,008 | €25,754 | +€20,746 | +414.3% |
| Suppliers | 440/4 | €5,008 | €25,754 | +€20,746 | +414.3% |
| Taxes, remuneration and social security | 45 | €4,281 | €2,386 | -€1,895 | -44.3% |
| Taxes | 450/3 | €3,741 | €2,386 | -€1,355 | -36.2% |
| Remuneration and social security | 454/9 | €540 | - | -€540 | |
| Remuneration, social security and pensions | 62 | €3,696 | €837 | -€2,859 | -77.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,176 | €6,275 | +€98 | +1.6% |
| Other operating charges | 640/8 | €439 | €55 | -€384 | -87.5% |
| Gross operating margin | 9900 | €14,868 | €18,461 | +€3,593 | +24.2% |
| Operating profit (loss) | 9901 | €4,556 | €11,294 | +€6,739 | +147.9% |
| Financial income | 75/76B | €44 | €5 | -€39 | -88.5% |
| Recurring financial income | 75 | €44 | €5 | -€39 | -88.5% |
| Financial charges | 65/66B | €484 | €975 | +€492 | +101.7% |
| Recurring financial charges | 65 | €484 | €975 | +€492 | +101.7% |
| Profit (loss) for the period before taxes | 9903 | €4,116 | €10,324 | +€6,208 | +150.8% |
| Income taxes | 67/77 | - | €1,382 | +€1,382 | |
| Profit (loss) for the period | 9904 | €4,116 | €8,942 | +€4,826 | +117.2% |
| Profit (loss) for the period to be appropriated | 9905 | €4,116 | €8,942 | +€4,826 | +117.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.