Elft: 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.
Elft
Largest movements
- Receivables within one year -€145,848
down €145,848 (-29.3%), from €498,047 to €352,199
of which Trade receivables: -€124,988
- Tangible fixed assets +€108,152
up €108,152 (+40.5%), from €267,170 to €375,321
of which Plant, machinery and equipment: +€113,604
- Cash +€20,460
up €20,460 (+11.5%), from €177,928 to €198,388
mainly Receivables within one year (+€145,848) and Debts after one year (+€85,195)
- Accrued charges and deferred income -€117,593
down €117,593 (-97.7%), from €120,310 to €2,717
- Debts after one year +€85,195
up €85,195 (+36.6%), from €233,039 to €318,234
- Tax, wage and social debts +€32,103
up €32,103 (+63.9%), from €50,221 to €82,324
of which Remuneration and social security: +€36,457
- Reserves -€20,000
down €20,000 (-62.8%), from €31,859 to €11,859
of which Distributable reserves: -€20,000
- Profit (loss) carried forward +€16,226
up €16,226 (+3.8%), from €424,552 to €440,778
- Gross operating margin -€42,014
down €42,014 (-5.7%), from €732,100 to €690,086
- Financial charges -€32,053
down €32,053 (-71.1%), from €45,078 to €13,026
of which Non-recurring financial charges: -€32,705
- Other operating charges -€14,622
down €14,622 (-50.0%), from €29,226 to €14,604
- Staff costs +€9,390
up €9,390 (+1.6%), from €588,219 to €597,609
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 | €1,021,973 | €1,015,872 | -€6,100 | -0.6% |
| Fixed assets | 21/28 | €267,170 | €380,435 | +€113,266 | +42.4% |
| Intangible fixed assets | 21 | - | €5,114 | +€5,114 | |
| Tangible fixed assets | 22/27 | €267,170 | €375,321 | +€108,152 | +40.5% |
| Land and buildings | 22 | €230,345 | €213,119 | -€17,227 | -7.5% |
| Plant, machinery and equipment | 23 | €5,258 | €118,862 | +€113,604 | +2160.6% |
| Furniture and vehicles | 24 | €31,566 | €43,341 | +€11,774 | +37.3% |
| Current assets | 29/58 | €754,803 | €635,437 | -€119,366 | -15.8% |
| Stocks and contracts in progress | 3 | €65,808 | €73,574 | +€7,765 | +11.8% |
| Stocks | 30/36 | €65,808 | €73,574 | +€7,765 | +11.8% |
| Amounts receivable within one year | 40/41 | €498,047 | €352,199 | -€145,848 | -29.3% |
| Trade receivables | 40 | €435,750 | €310,762 | -€124,988 | -28.7% |
| Other amounts receivable | 41 | €62,297 | €41,437 | -€20,860 | -33.5% |
| Cash at bank and in hand | 54/58 | €177,928 | €198,388 | +€20,460 | +11.5% |
| Deferred charges and accrued income | 490/1 | €13,019 | €11,276 | -€1,743 | -13.4% |
| Total equity and liabilities | 10/49 | €1,021,973 | €1,015,872 | -€6,100 | -0.6% |
| Equity | 10/15 | €475,003 | €471,230 | -€3,774 | -0.8% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €31,859 | €11,859 | -€20,000 | -62.8% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €30,000 | €10,000 | -€20,000 | -66.7% |
| Profit (loss) carried forward | 14 | €424,552 | €440,778 | +€16,226 | +3.8% |
| Amounts payable | 17/49 | €546,969 | €544,643 | -€2,327 | -0.4% |
| Amounts payable after more than one year | 17 | €233,039 | €318,234 | +€85,195 | +36.6% |
| Financial debts | 170/4 | €233,039 | €318,234 | +€85,195 | +36.6% |
| Amounts payable within one year | 42/48 | €193,620 | €223,691 | +€30,071 | +15.5% |
| Current portion of amounts payable after more than one year | 42 | €91,287 | €84,665 | -€6,622 | -7.3% |
| Trade debts | 44 | €52,112 | €44,271 | -€7,841 | -15.0% |
| Suppliers | 440/4 | €52,112 | €44,271 | -€7,841 | -15.0% |
| Taxes, remuneration and social security | 45 | €50,221 | €82,324 | +€32,103 | +63.9% |
| Taxes | 450/3 | €13,847 | €9,493 | -€4,354 | -31.4% |
| Remuneration and social security | 454/9 | €36,374 | €72,831 | +€36,457 | +100.2% |
| Other amounts payable | 47/48 | - | €12,431 | +€12,431 | |
| Accrued charges and deferred income | 492/3 | €120,310 | €2,717 | -€117,593 | -97.7% |
| Non-recurring operating income | 76A | - | €950 | +€950 | |
| Remuneration, social security and pensions | 62 | €588,219 | €597,609 | +€9,390 | +1.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €51,905 | €46,298 | -€5,607 | -10.8% |
| Other operating charges | 640/8 | €29,226 | €14,604 | -€14,622 | -50.0% |
| Gross operating margin | 9900 | €732,100 | €690,086 | -€42,014 | -5.7% |
| Operating profit (loss) | 9901 | €62,750 | €31,574 | -€31,175 | -49.7% |
| Financial income | 75/76B | €1,519 | €2,230 | +€711 | +46.8% |
| Recurring financial income | 75 | €1,519 | €2,230 | +€711 | +46.8% |
| Financial charges | 65/66B | €45,078 | €13,026 | -€32,053 | -71.1% |
| Recurring financial charges | 65 | €11,078 | €11,731 | +€653 | +5.9% |
| Non-recurring financial charges | 66B | €34,000 | €1,295 | -€32,705 | -96.2% |
| Profit (loss) for the period before taxes | 9903 | €19,190 | €20,779 | +€1,589 | +8.3% |
| Income taxes | 67/77 | €7,271 | €1,053 | -€6,218 | -85.5% |
| Profit (loss) for the period | 9904 | €11,919 | €19,726 | +€7,807 | +65.5% |
| Profit (loss) for the period to be appropriated | 9905 | €11,919 | €19,726 | +€7,807 | +65.5% |
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 2 October 2026 via checked.be.