Elezi: 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.
Elezi
Largest movements
- Receivables within one year -€66,560
down €66,560 (-87.4%), from €76,118 to €9,559
of which Other amounts receivable: -€69,328
- Cash +€15,768
up €15,768 (+64.0%), from €24,644 to €40,413
mainly Receivables within one year (+€66,560) and Depreciation (+€33,302)
- Tangible fixed assets -€10,401
down €10,401 (-12.4%), from €83,855 to €73,455
of which Furniture and vehicles: -€19,636
- Trade debts -€43,583
down €43,583 (-98.3%), from €44,315 to €732
- Debts after one year -€19,878
down €19,878 (-39.8%), from €49,943 to €30,065
- Reserves -€9,317
down €9,317 (-22.7%), from €41,041 to €31,725
of which Distributable reserves: -€9,317
- Tax, wage and social debts +€8,269
up €8,269 (+73.7%), from €11,213 to €19,481
of which Taxes: +€7,740
- Other debts +€4,620
up €4,620 (+242.0%), from €1,909 to €6,529
- Gross operating margin +€52,557
up €52,557 (+83.7%), from €62,808 to €115,364
- Staff costs +€33,791
up €33,791 (+159.2%), from €21,228 to €55,019
- Depreciation +€10,290
up €10,290 (+44.7%), from €23,012 to €33,302
- Taxes +€1,260
up €1,260 (+19.4%), from €6,482 to €7,742
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 | €186,389 | €127,010 | -€59,379 | -31.9% |
| Fixed assets | 21/28 | €84,355 | €73,955 | -€10,401 | -12.3% |
| Tangible fixed assets | 22/27 | €83,855 | €73,455 | -€10,401 | -12.4% |
| Plant, machinery and equipment | 23 | €1,411 | €10,646 | +€9,235 | +654.4% |
| Furniture and vehicles | 24 | €82,444 | €62,808 | -€19,636 | -23.8% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €102,033 | €53,055 | -€48,978 | -48.0% |
| Amounts receivable within one year | 40/41 | €76,118 | €9,559 | -€66,560 | -87.4% |
| Trade receivables | 40 | €6,211 | €8,979 | +€2,768 | +44.6% |
| Other amounts receivable | 41 | €69,907 | €580 | -€69,328 | -99.2% |
| Cash at bank and in hand | 54/58 | €24,644 | €40,413 | +€15,768 | +64.0% |
| Deferred charges and accrued income | 490/1 | €1,271 | €3,084 | +€1,813 | +142.7% |
| Total equity and liabilities | 10/49 | €186,389 | €127,010 | -€59,379 | -31.9% |
| Equity | 10/15 | €59,641 | €50,325 | -€9,317 | -15.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €41,041 | €31,725 | -€9,317 | -22.7% |
| Non-distributable reserves | 130/1 | €516 | €516 | = | 0.0% |
| Reserves not available under the articles | 1311 | €516 | €516 | = | 0.0% |
| Distributable reserves | 133 | €40,525 | €31,209 | -€9,317 | -23.0% |
| Amounts payable | 17/49 | €126,747 | €76,685 | -€50,062 | -39.5% |
| Amounts payable after more than one year | 17 | €49,943 | €30,065 | -€19,878 | -39.8% |
| Financial debts | 170/4 | €49,943 | €30,065 | -€19,878 | -39.8% |
| Amounts payable within one year | 42/48 | €76,805 | €46,621 | -€30,184 | -39.3% |
| Current portion of amounts payable after more than one year | 42 | €19,367 | €19,878 | +€510 | +2.6% |
| Trade debts | 44 | €44,315 | €732 | -€43,583 | -98.3% |
| Suppliers | 440/4 | €44,315 | €732 | -€43,583 | -98.3% |
| Taxes, remuneration and social security | 45 | €11,213 | €19,481 | +€8,269 | +73.7% |
| Taxes | 450/3 | €3,647 | €11,387 | +€7,740 | +212.2% |
| Remuneration and social security | 454/9 | €7,566 | €8,094 | +€529 | +7.0% |
| Other amounts payable | 47/48 | €1,909 | €6,529 | +€4,620 | +242.0% |
| Remuneration, social security and pensions | 62 | €21,228 | €55,019 | +€33,791 | +159.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,012 | €33,302 | +€10,290 | +44.7% |
| Other operating charges | 640/8 | €3,390 | €2,716 | -€674 | -19.9% |
| Gross operating margin | 9900 | €62,808 | €115,364 | +€52,557 | +83.7% |
| Operating profit (loss) | 9901 | €15,177 | €24,326 | +€9,149 | +60.3% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €2,814 | €1,901 | -€913 | -32.4% |
| Recurring financial charges | 65 | €2,814 | €1,901 | -€913 | -32.4% |
| Profit (loss) for the period before taxes | 9903 | €12,363 | €22,425 | +€10,062 | +81.4% |
| Income taxes | 67/77 | €6,482 | €7,742 | +€1,260 | +19.4% |
| Profit (loss) for the period | 9904 | €5,881 | €14,683 | +€8,802 | +149.7% |
| Profit (loss) for the period to be appropriated | 9905 | €5,881 | €14,683 | +€8,802 | +149.7% |
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.