ELCONNEX: 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.
ELCONNEX
Largest movements
- Receivables within one year -€43,946
down €43,946 (-42.9%), from €102,442 to €58,496
of which Trade receivables: -€44,758
- Deferred charges and accrued income +€30,140
up €30,140 (+5,955%), from €506 to €30,646
- Cash -€16,458
down €16,458 (-54.7%), from €30,073 to €13,615
mainly Trade debts (-€38,443) and Deferred charges and accrued income (-€30,140)
- Trade debts -€38,443
down €38,443 (-42.3%), from €90,833 to €52,390
of which Suppliers: -€57,858
- Profit (loss) carried forward +€7,146
up €7,146 (+28.5%), from €25,081 to €32,227
- Tax, wage and social debts +€3,307
up €3,307 (+208%), from €1,592 to €4,899
- Current portion of long-term debt -€3,018
no longer reported in 2024 (was €3,018)
- Purchases and services -€105,679
down €105,679 (-28.2%), from €375,273 to €269,594
- Turnover -€101,777
down €101,777 (-26.8%), from €379,230 to €277,453
- Gross operating margin +€4,688
up €4,688 (+51.3%), from €9,145 to €13,834
- Depreciation -€4,648
down €4,648 (-86.2%), from €5,391 to €743
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 | €134,884 | €103,876 | -€31,008 | -23.0% |
| Fixed assets | 21/28 | €1,862 | €1,119 | -€743 | -39.9% |
| Tangible fixed assets | 22/27 | €1,862 | €1,119 | -€743 | -39.9% |
| Furniture and vehicles | 24 | €1,862 | €1,119 | -€743 | -39.9% |
| Current assets | 29/58 | €133,021 | €102,757 | -€30,265 | -22.8% |
| Amounts receivable within one year | 40/41 | €102,442 | €58,496 | -€43,946 | -42.9% |
| Trade receivables | 40 | €98,190 | €53,432 | -€44,758 | -45.6% |
| Other amounts receivable | 41 | €4,252 | €5,064 | +€812 | +19.1% |
| Cash at bank and in hand | 54/58 | €30,073 | €13,615 | -€16,458 | -54.7% |
| Deferred charges and accrued income | 490/1 | €506 | €30,646 | +€30,140 | +5,955% |
| Total equity and liabilities | 10/49 | €134,884 | €103,876 | -€31,008 | -23.0% |
| Equity | 10/15 | €39,441 | €46,587 | +€7,146 | +18.1% |
| Contributions | 10/11 | €12,500 | €12,500 | = | 0.0% |
| Capital | 10 | €12,500 | €12,500 | = | 0.0% |
| Issued capital | 100 | €12,500 | €12,500 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €25,081 | €32,227 | +€7,146 | +28.5% |
| Amounts payable | 17/49 | €95,443 | €57,289 | -€38,154 | -40.0% |
| Amounts payable within one year | 42/48 | €95,443 | €57,289 | -€38,154 | -40.0% |
| Current portion of amounts payable after more than one year | 42 | €3,018 | - | -€3,018 | |
| Trade debts | 44 | €90,833 | €52,390 | -€38,443 | -42.3% |
| Suppliers | 440/4 | €68,023 | €10,164 | -€57,858 | -85.1% |
| Bills of exchange payable | 441 | €22,810 | €42,226 | +€19,416 | +85.1% |
| Taxes, remuneration and social security | 45 | €1,592 | €4,899 | +€3,307 | +208% |
| Taxes | 450/3 | €1,592 | €4,899 | +€3,307 | +208% |
| Turnover | 70 | €379,230 | €277,453 | -€101,777 | -26.8% |
| Goods, raw materials, services and sundry goods | 60/61 | €375,273 | €269,594 | -€105,679 | -28.2% |
| Remuneration, social security and pensions | 62 | €1,520 | €1,291 | -€229 | -15.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,391 | €743 | -€4,648 | -86.2% |
| Other operating charges | 640/8 | €666 | €715 | +€48 | +7.3% |
| Gross operating margin | 9900 | €9,145 | €13,834 | +€4,688 | +51.3% |
| Operating profit (loss) | 9901 | €1,568 | €11,085 | +€9,517 | +607% |
| Financial income | 75/76B | €142 | €0 | -€142 | -100.0% |
| Recurring financial income | 75 | €142 | €0 | -€142 | -100.0% |
| Financial charges | 65/66B | €232 | €230 | -€2 | -0.7% |
| Recurring financial charges | 65 | €232 | €230 | -€2 | -0.7% |
| Profit (loss) for the period before taxes | 9903 | €1,478 | €10,855 | +€9,376 | +634% |
| Income taxes | 67/77 | €1,194 | €3,709 | +€2,515 | +211% |
| Profit (loss) for the period | 9904 | €284 | €7,146 | +€6,862 | +2,414% |
| Profit (loss) for the period to be appropriated | 9905 | €284 | €7,146 | +€6,862 | +2,414% |
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 15 October 2026 via checked.be.