ELFT PROJECTS: 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.
ELFT PROJECTS
Largest movements
- Receivables within one year -€11,318
down €11,318 (-59.8%), from €18,923 to €7,604
of which Trade receivables: -€18,500
- Cash -€1,054
down €1,054 (-58.3%), from €1,809 to €755
mainly Other debts (-€24,493)
- Other debts -€24,493
no longer reported in 2024 (was €24,493)
- Tax, wage and social debts +€5,209
new in 2024: €5,209
- Profit (loss) carried forward +€5,086
up €5,086 (+51.1%), from -€9,962 to -€4,876
- Trade debts +€1,826
new in 2024: €1,826
- Gross operating margin +€9,833
up €9,833, from -€3,527 to €6,306
- Financial charges +€297
up €297 (+88.5%), from €335 to €632
- Other operating charges -€106
down €106 (-15.3%), from €693 to €587
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 | €20,731 | €8,359 | -€12,372 | -59.7% |
| Current assets | 29/58 | €20,731 | €8,359 | -€12,372 | -59.7% |
| Amounts receivable within one year | 40/41 | €18,923 | €7,604 | -€11,318 | -59.8% |
| Trade receivables | 40 | €18,500 | - | -€18,500 | |
| Other amounts receivable | 41 | €423 | €7,604 | +€7,182 | +1699.5% |
| Cash at bank and in hand | 54/58 | €1,809 | €755 | -€1,054 | -58.3% |
| Total equity and liabilities | 10/49 | €20,731 | €8,359 | -€12,372 | -59.7% |
| Equity | 10/15 | -€3,762 | €1,324 | +€5,086 | |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€9,962 | -€4,876 | +€5,086 | +51.1% |
| Amounts payable | 17/49 | €24,493 | €7,035 | -€17,459 | -71.3% |
| Amounts payable within one year | 42/48 | €24,493 | €7,035 | -€17,459 | -71.3% |
| Trade debts | 44 | - | €1,826 | +€1,826 | |
| Suppliers | 440/4 | - | €1,826 | +€1,826 | |
| Taxes, remuneration and social security | 45 | - | €5,209 | +€5,209 | |
| Taxes | 450/3 | - | €5,209 | +€5,209 | |
| Other amounts payable | 47/48 | €24,493 | - | -€24,493 | |
| Other operating charges | 640/8 | €693 | €587 | -€106 | -15.3% |
| Gross operating margin | 9900 | -€3,527 | €6,306 | +€9,833 | |
| Operating profit (loss) | 9901 | -€4,221 | €5,718 | +€9,939 | |
| Financial charges | 65/66B | €335 | €632 | +€297 | +88.5% |
| Recurring financial charges | 65 | €335 | €632 | +€297 | +88.5% |
| Profit (loss) for the period before taxes | 9903 | -€4,556 | €5,086 | +€9,642 | |
| Profit (loss) for the period | 9904 | -€4,556 | €5,086 | +€9,642 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,556 | €5,086 | +€9,642 |
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.