ELCIBAT: 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.
ELCIBAT
Largest movements
- Receivables within one year -€36,255
down €36,255 (-20.5%), from €177,240 to €140,986
of which Other amounts receivable: -€30,823
- Cash +€14,321
up €14,321 (+102%), from €13,995 to €28,315
mainly Receivables within one year (+€36,255) and Net result for the year (+€3,427)
- Stocks and contracts +€8,067
up €8,067 (+4,441%), from €182 to €8,248
- Tax, wage and social debts -€11,374
down €11,374 (-45.1%), from €25,219 to €13,845
of which Remuneration and social security: -€7,719
- Trade debts -€6,057
down €6,057 (-91.5%), from €6,616 to €560
- Profit (loss) carried forward +€3,427
up €3,427 (+2.5%), from €139,374 to €142,801
- Gross operating margin -€13,834
down €13,834 (-59.1%), from €23,389 to €9,556
- Other operating charges -€643
down €643 (-61.7%), from €1,042 to €399
- Financial income -€317
down €317 (-25.9%), from €1,226 to €908
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 | €191,669 | €177,666 | -€14,003 | -7.3% |
| Fixed assets | 21/28 | €253 | €117 | -€136 | -53.6% |
| Tangible fixed assets | 22/27 | €253 | €117 | -€136 | -53.6% |
| Plant, machinery and equipment | 23 | €253 | €117 | -€136 | -53.6% |
| Current assets | 29/58 | €191,417 | €177,549 | -€13,868 | -7.2% |
| Stocks and contracts in progress | 3 | €182 | €8,248 | +€8,067 | +4,441% |
| Stocks | 30/36 | €182 | €8,248 | +€8,067 | +4,441% |
| Amounts receivable within one year | 40/41 | €177,240 | €140,986 | -€36,255 | -20.5% |
| Trade receivables | 40 | €137,450 | €132,018 | -€5,432 | -4.0% |
| Other amounts receivable | 41 | €39,790 | €8,967 | -€30,823 | -77.5% |
| Cash at bank and in hand | 54/58 | €13,995 | €28,315 | +€14,321 | +102% |
| Total equity and liabilities | 10/49 | €191,669 | €177,666 | -€14,003 | -7.3% |
| Equity | 10/15 | €159,834 | €163,261 | +€3,427 | +2.1% |
| Contributions | 10/11 | €18,600 | €20,460 | +€1,860 | +10.0% |
| Capital | 10 | €18,600 | - | -€18,600 | |
| Issued capital | 100 | €18,600 | - | -€18,600 | |
| Reserves | 13 | €1,860 | - | -€1,860 | |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Legal reserve | 130 | €1,860 | - | -€1,860 | |
| Profit (loss) carried forward | 14 | €139,374 | €142,801 | +€3,427 | +2.5% |
| Amounts payable | 17/49 | €31,835 | €14,405 | -€17,430 | -54.8% |
| Amounts payable within one year | 42/48 | €31,835 | €14,405 | -€17,430 | -54.8% |
| Trade debts | 44 | €6,616 | €560 | -€6,057 | -91.5% |
| Suppliers | 440/4 | €6,616 | €560 | -€6,057 | -91.5% |
| Taxes, remuneration and social security | 45 | €25,219 | €13,845 | -€11,374 | -45.1% |
| Taxes | 450/3 | €3,655 | - | -€3,655 | |
| Remuneration and social security | 454/9 | €21,564 | €13,845 | -€7,719 | -35.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €368 | €136 | -€232 | -63.1% |
| Other operating charges | 640/8 | €1,042 | €399 | -€643 | -61.7% |
| Non-recurring operating charges | 66A | - | €6,355 | +€6,355 | |
| Gross operating margin | 9900 | €23,389 | €9,556 | -€13,834 | -59.1% |
| Operating profit (loss) | 9901 | €21,980 | €2,666 | -€19,314 | -87.9% |
| Financial income | 75/76B | €1,226 | €908 | -€317 | -25.9% |
| Recurring financial income | 75 | €1,226 | €908 | -€317 | -25.9% |
| Financial charges | 65/66B | €143 | €147 | +€3 | +2.4% |
| Recurring financial charges | 65 | €143 | €147 | +€3 | +2.4% |
| Profit (loss) for the period before taxes | 9903 | €23,062 | €3,427 | -€19,635 | -85.1% |
| Income taxes | 67/77 | €0 | €0 | -€0 | -50.0% |
| Profit (loss) for the period | 9904 | €23,062 | €3,427 | -€19,635 | -85.1% |
| Profit (loss) for the period to be appropriated | 9905 | €23,062 | €3,427 | -€19,635 | -85.1% |
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 23 October 2026 via checked.be.