Elementi: 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.
Elementi
Largest movements
- Stocks and contracts -€16,532
down €16,532 (-11.9%), from €138,990 to €122,458
- Tangible fixed assets -€14,433
down €14,433 (-26.4%), from €54,626 to €40,193
of which Plant, machinery and equipment: -€13,474
- Deferred charges and accrued income -€13,364
down €13,364 (-92.2%), from €14,500 to €1,136
- Cash -€10,047
down €10,047 (-11.2%), from €89,630 to €79,583
mainly Other debts (-€82,498) and Accrued charges and deferred income (-€19,048)
- Other debts -€82,498
down €82,498 (-58.5%), from €140,975 to €58,477
- Tax, wage and social debts +€45,337
up €45,337 (+602.9%), from €7,520 to €52,857
of which Taxes: +€40,632
- Accrued charges and deferred income -€19,048
down €19,048 (-99.0%), from €19,249 to €201
- Profit (loss) carried forward +€14,882
up €14,882 (+4.9%), from -€301,986 to -€287,104
- Trade debts -€11,523
down €11,523 (-26.4%), from €43,678 to €32,155
- Staff costs +€35,581
up €35,581 (+83.5%), from €42,630 to €78,211
- Financial income +€12,834
new in 2024: €12,834
of which Non-recurring financial income: +€12,833
- Depreciation -€6,572
down €6,572 (-26.6%), from €24,675 to €18,103
- Financial charges -€2,647
down €2,647 (-37.2%), from €7,110 to €4,463
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 | €407,435 | €354,585 | -€52,850 | -13.0% |
| Fixed assets | 21/28 | €67,559 | €51,032 | -€16,527 | -24.5% |
| Intangible fixed assets | 21 | €6,523 | €4,429 | -€2,094 | -32.1% |
| Tangible fixed assets | 22/27 | €54,626 | €40,193 | -€14,433 | -26.4% |
| Land and buildings | 22 | €1,709 | €1,442 | -€267 | -15.6% |
| Plant, machinery and equipment | 23 | €51,457 | €37,983 | -€13,474 | -26.2% |
| Furniture and vehicles | 24 | €1,460 | €768 | -€692 | -47.4% |
| Financial fixed assets | 28 | €6,410 | €6,410 | = | 0.0% |
| Current assets | 29/58 | €339,876 | €303,553 | -€36,323 | -10.7% |
| Stocks and contracts in progress | 3 | €138,990 | €122,458 | -€16,532 | -11.9% |
| Stocks | 30/36 | €138,990 | €122,458 | -€16,532 | -11.9% |
| Amounts receivable within one year | 40/41 | €96,756 | €100,376 | +€3,620 | +3.7% |
| Trade receivables | 40 | €75,883 | €95,984 | +€20,101 | +26.5% |
| Other amounts receivable | 41 | €20,873 | €4,392 | -€16,481 | -79.0% |
| Cash at bank and in hand | 54/58 | €89,630 | €79,583 | -€10,047 | -11.2% |
| Deferred charges and accrued income | 490/1 | €14,500 | €1,136 | -€13,364 | -92.2% |
| Total equity and liabilities | 10/49 | €407,435 | €354,585 | -€52,850 | -13.0% |
| Equity | 10/15 | €166,013 | €180,895 | +€14,882 | +9.0% |
| Contributions | 10/11 | €467,999 | €467,999 | = | 0.0% |
| Capital | 10 | €467,999 | €467,999 | = | 0.0% |
| Issued capital | 100 | €467,999 | €467,999 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€301,986 | -€287,104 | +€14,882 | +4.9% |
| Amounts payable | 17/49 | €241,422 | €173,690 | -€67,732 | -28.1% |
| Amounts payable after more than one year | 17 | €30,000 | €30,000 | = | 0.0% |
| Other amounts payable | 178/9 | €30,000 | €30,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €192,173 | €143,489 | -€48,684 | -25.3% |
| Trade debts | 44 | €43,678 | €32,155 | -€11,523 | -26.4% |
| Suppliers | 440/4 | €43,678 | €32,155 | -€11,523 | -26.4% |
| Taxes, remuneration and social security | 45 | €7,520 | €52,857 | +€45,337 | +602.9% |
| Taxes | 450/3 | €440 | €41,072 | +€40,632 | +9234.5% |
| Remuneration and social security | 454/9 | €7,080 | €11,785 | +€4,705 | +66.5% |
| Other amounts payable | 47/48 | €140,975 | €58,477 | -€82,498 | -58.5% |
| Accrued charges and deferred income | 492/3 | €19,249 | €201 | -€19,048 | -99.0% |
| Remuneration, social security and pensions | 62 | €42,630 | €78,211 | +€35,581 | +83.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,675 | €18,103 | -€6,572 | -26.6% |
| Other operating charges | 640/8 | €2,755 | €2,769 | +€14 | +0.5% |
| Gross operating margin | 9900 | €104,870 | €105,594 | +€724 | +0.7% |
| Operating profit (loss) | 9901 | €34,810 | €6,511 | -€28,299 | -81.3% |
| Financial income | 75/76B | - | €12,834 | +€12,834 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Non-recurring financial income | 76B | - | €12,833 | +€12,833 | |
| Financial charges | 65/66B | €7,110 | €4,463 | -€2,647 | -37.2% |
| Recurring financial charges | 65 | €7,110 | €4,463 | -€2,647 | -37.2% |
| Profit (loss) for the period before taxes | 9903 | €27,700 | €14,882 | -€12,818 | -46.3% |
| Profit (loss) for the period | 9904 | €27,700 | €14,882 | -€12,818 | -46.3% |
| Profit (loss) for the period to be appropriated | 9905 | €27,700 | €14,882 | -€12,818 | -46.3% |
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.