ELEMENTAL: 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.
ELEMENTAL
Largest movements
- Receivables within one year -€145,534
down €145,534 (-23.4%), from €622,184 to €476,649
of which Trade receivables: -€133,717
- Intangible fixed assets +€60,479
up €60,479 (+31.7%), from €191,085 to €251,564
- Cash -€40,818
down €40,818 (-96.0%), from €42,533 to €1,714
mainly Other debts (-€917,640) and Net result for the year (-€636,838)
- Deferred charges and accrued income -€21,026
down €21,026 (-94.6%), from €22,234 to €1,208
- Stocks and contracts -€18,392
down €18,392 (-94.1%), from €19,537 to €1,145
- Debts after one year +€1.4m
up €1.4m (+490.4%), from €290,285 to €1.7m
- Other debts -€917,640
down €917,640 (-100.0%), from €917,640 to €0
- Profit (loss) carried forward -€636,838
down €636,838 (-36.3%), from -€1.8m to -€2.4m
- Trade debts -€53,186
down €53,186 (-8.6%), from €617,388 to €564,201
of which Suppliers: -€53,186
- Depreciation +€22,331
up €22,331 (+25.5%), from €87,457 to €109,788
- Financial charges +€15,097
up €15,097 (+1844.0%), from €819 to €15,916
- Write-downs -€13,919
down €13,919, from €6,959 to -€6,959
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 | €1,804,292 | €1,623,833 | -€180,459 | -10.0% |
| Formation expenses | 20 | €29,571 | €18,047 | -€11,524 | -39.0% |
| Fixed assets | 21/28 | €1,068,234 | €1,125,070 | +€56,835 | +5.3% |
| Intangible fixed assets | 21 | €191,085 | €251,564 | +€60,479 | +31.7% |
| Tangible fixed assets | 22/27 | €877,149 | €873,505 | -€3,644 | -0.4% |
| Plant, machinery and equipment | 23 | €2,711 | €3,780 | +€1,069 | +39.4% |
| Furniture and vehicles | 24 | €15,871 | €11,158 | -€4,713 | -29.7% |
| Assets under construction and advance payments | 27 | €858,567 | €858,567 | = | 0.0% |
| Current assets | 29/58 | €706,487 | €480,717 | -€225,770 | -32.0% |
| Stocks and contracts in progress | 3 | €19,537 | €1,145 | -€18,392 | -94.1% |
| Stocks | 30/36 | €19,537 | €1,145 | -€18,392 | -94.1% |
| Amounts receivable within one year | 40/41 | €622,184 | €476,649 | -€145,534 | -23.4% |
| Trade receivables | 40 | €253,924 | €120,207 | -€133,717 | -52.7% |
| Other amounts receivable | 41 | €368,259 | €356,443 | -€11,817 | -3.2% |
| Cash at bank and in hand | 54/58 | €42,533 | €1,714 | -€40,818 | -96.0% |
| Deferred charges and accrued income | 490/1 | €22,234 | €1,208 | -€21,026 | -94.6% |
| Total equity and liabilities | 10/49 | €1,804,292 | €1,623,833 | -€180,459 | -10.0% |
| Equity | 10/15 | -€21,020 | -€657,858 | -€636,838 | -3029.6% |
| Contributions | 10/11 | €1,733,075 | €1,733,075 | = | 0.0% |
| Capital | 10 | €1,733,075 | €1,733,075 | = | 0.0% |
| Issued capital | 100 | €1,733,075 | €1,733,075 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,754,095 | -€2,390,933 | -€636,838 | -36.3% |
| Amounts payable | 17/49 | €1,825,313 | €2,281,692 | +€456,379 | +25.0% |
| Amounts payable after more than one year | 17 | €290,285 | €1,713,987 | +€1.4m | +490.4% |
| Financial debts | 170/4 | €290,285 | €1,713,987 | +€1.4m | +490.4% |
| Amounts payable within one year | 42/48 | €1,535,027 | €567,705 | -€967,323 | -63.0% |
| Trade debts | 44 | €617,388 | €564,201 | -€53,186 | -8.6% |
| Suppliers | 440/4 | €617,388 | €564,201 | -€53,186 | -8.6% |
| Bills of exchange payable | 441 | - | €0 | = | |
| Taxes, remuneration and social security | 45 | - | €3,504 | +€3,504 | |
| Taxes | 450/3 | - | €3,504 | +€3,504 | |
| Other amounts payable | 47/48 | €917,640 | €0 | -€917,640 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €87,457 | €109,788 | +€22,331 | +25.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €6,959 | -€6,959 | -€13,919 | |
| Other operating charges | 640/8 | €132 | €1,818 | +€1,687 | +1280.6% |
| Gross operating margin | 9900 | -€520,300 | -€516,360 | +€3,940 | +0.8% |
| Operating profit (loss) | 9901 | -€614,848 | -€621,007 | -€6,158 | -1.0% |
| Financial income | 75/76B | €9 | €85 | +€75 | +798.3% |
| Recurring financial income | 75 | €9 | €85 | +€75 | +798.3% |
| Financial charges | 65/66B | €819 | €15,916 | +€15,097 | +1844.0% |
| Recurring financial charges | 65 | €819 | €15,916 | +€15,097 | +1844.0% |
| Profit (loss) for the period before taxes | 9903 | -€615,658 | -€636,838 | -€21,180 | -3.4% |
| Profit (loss) for the period | 9904 | -€615,658 | -€636,838 | -€21,180 | -3.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€615,658 | -€636,838 | -€21,180 | -3.4% |
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 11 October 2026 via checked.be.