ELEP: 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.
What changed
ELEP
NACE 17.230, Manufacture of paper and paper products
fiscal year 2023 against 2024filed annual accounts (NBB)
Net result for the year
€12,657
2023 · -€7,398+€20,055
Equity
€1.3m
2023 · €1.3m+€12,657
Cash
€34,213
2023 · €11,110+€23,103
Balance sheet total
€4.1m
2023 · €4.1m-€9,048
Largest movements
Assets
No asset line moved by more than 1% of the balance sheet total.
Equity and liabilities
- Other debts -€102,106
down €102,106 (-5.1%), from €2.0m to €1.9m
- Trade debts +€90,134
up €90,134 (+14.0%), from €645,943 to €736,077
Income statement
- Staff costs -€15,167
down €15,167 (-4.4%), from €347,858 to €332,692
- Financial income -€12,796
down €12,796 (-80.7%), from €15,850 to €3,053
of which Non-recurring financial income: -€13,040
- Gross operating margin +€8,015
up €8,015 (+1.4%), from €565,750 to €573,765
- Financial charges -€7,063
down €7,063 (-3.4%), from €207,836 to €200,772
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.
Result 2023
-€7,398
Gross operating margin
+€8,015
Staff costs
+€15,167
Depreciation
+€1,167
Write-downs
-€2,419
Other operating charges
-€7
Financial income
-€12,796
Financial charges
+€7,063
Taxes
+€3,866
Result 2024
€12,657
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.
From operations
+€26,853
Investment
-€3,750
Financing
€0
Cash 2023
€11,110
From operations (derived)
+€26,853
Net result for the year
+€12,657
Depreciation
+€28,992
Receivables within one year
-€350
Deferred charges and accrued income
+€7,260
Trade debts
+€90,134
Tax, wage and social debts
+€785
Advances received
-€1,503
Other debts
-€102,106
Accrued charges and deferred income
-€9,015
Investment (derived)
-€3,750
Investment in fixed assets (net)
-€3,750
Cash 2024
€34,213
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,063,757 | €4,054,709 | -€9,048 | -0.2% |
| Fixed assets | 21/28 | €3,086,193 | €3,060,952 | -€25,242 | -0.8% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €53,517 | €24,526 | -€28,992 | -54.2% |
| Furniture and vehicles | 24 | €53,517 | €24,526 | -€28,992 | -54.2% |
| Financial fixed assets | 28 | €3,032,676 | €3,036,426 | +€3,750 | +0.1% |
| Current assets | 29/58 | €977,564 | €993,757 | +€16,193 | +1.7% |
| Amounts receivable within one year | 40/41 | €958,954 | €959,303 | +€350 | 0.0% |
| Trade receivables | 40 | €892,732 | €896,808 | +€4,076 | +0.5% |
| Other amounts receivable | 41 | €66,222 | €62,495 | -€3,726 | -5.6% |
| Cash at bank and in hand | 54/58 | €11,110 | €34,213 | +€23,103 | +208.0% |
| Deferred charges and accrued income | 490/1 | €7,500 | €240 | -€7,260 | -96.8% |
| Total equity and liabilities | 10/49 | €4,063,757 | €4,054,709 | -€9,048 | -0.2% |
| Equity | 10/15 | €1,304,950 | €1,317,607 | +€12,657 | +1.0% |
| Contributions | 10/11 | €4,871,500 | €4,871,500 | = | 0.0% |
| Capital | 10 | €4,871,500 | €4,871,500 | = | 0.0% |
| Issued capital | 100 | €4,871,500 | €4,871,500 | = | 0.0% |
| Reserves | 13 | €74,400 | €74,400 | = | 0.0% |
| Non-distributable reserves | 130/1 | €74,400 | €74,400 | = | 0.0% |
| Legal reserve | 130 | €74,400 | €74,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,640,950 | -€3,628,293 | +€12,657 | +0.3% |
| Amounts payable | 17/49 | €2,758,807 | €2,737,102 | -€21,705 | -0.8% |
| Amounts payable within one year | 42/48 | €2,749,791 | €2,737,102 | -€12,689 | -0.5% |
| Trade debts | 44 | €645,943 | €736,077 | +€90,134 | +14.0% |
| Suppliers | 440/4 | €645,943 | €736,077 | +€90,134 | +14.0% |
| Advances received on contracts in progress | 46 | €32,133 | €30,630 | -€1,503 | -4.7% |
| Taxes, remuneration and social security | 45 | €70,293 | €71,079 | +€785 | +1.1% |
| Taxes | 450/3 | €15,043 | €13,135 | -€1,907 | -12.7% |
| Remuneration and social security | 454/9 | €55,251 | €57,944 | +€2,693 | +4.9% |
| Other amounts payable | 47/48 | €2,001,422 | €1,899,316 | -€102,106 | -5.1% |
| Accrued charges and deferred income | 492/3 | €9,015 | €0 | -€9,015 | -100.0% |
| Remuneration, social security and pensions | 62 | €347,858 | €332,692 | -€15,167 | -4.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,158 | €28,992 | -€1,167 | -3.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €2,419 | +€2,419 | |
| Other operating charges | 640/8 | €1,022 | €1,030 | +€7 | +0.7% |
| Gross operating margin | 9900 | €565,750 | €573,765 | +€8,015 | +1.4% |
| Operating profit (loss) | 9901 | €186,711 | €208,633 | +€21,922 | +11.7% |
| Financial income | 75/76B | €15,850 | €3,053 | -€12,796 | -80.7% |
| Recurring financial income | 75 | €2,810 | €3,053 | +€244 | +8.7% |
| Non-recurring financial income | 76B | €13,040 | - | -€13,040 | |
| Financial charges | 65/66B | €207,836 | €200,772 | -€7,063 | -3.4% |
| Recurring financial charges | 65 | €207,836 | €200,772 | -€7,063 | -3.4% |
| Profit (loss) for the period before taxes | 9903 | -€5,275 | €10,914 | +€16,189 | |
| Income taxes | 67/77 | €2,123 | -€1,743 | -€3,866 | |
| Profit (loss) for the period | 9904 | -€7,398 | €12,657 | +€20,055 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,398 | €12,657 | +€20,055 |
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 29 September 2026 via checked.be.