ELGHAM: 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.
ELGHAM
Largest movements
- Tangible fixed assets -€6,829
down €6,829 (-55.4%), from €12,326 to €5,497
- Receivables within one year -€5,480
down €5,480 (-23.4%), from €23,456 to €17,976
of which Trade receivables: -€7,801
- Stocks and contracts -€3,800
down €3,800 (-31.7%), from €12,000 to €8,200
- Cash -€681
down €681 (-12.3%), from €5,525 to €4,844
mainly Other debts (-€15,121) and Trade debts (-€9,179)
- Other debts -€15,121
no longer reported in 2024 (was €15,121)
- Trade debts -€9,179
down €9,179 (-67.3%), from €13,635 to €4,456
- Profit (loss) carried forward +€6,009
up €6,009 (+89.4%), from €6,721 to €12,730
- Tax, wage and social debts +€1,050
new in 2024: €1,050
- Gross operating margin +€10,969
up €10,969 (+82.6%), from €13,286 to €24,255
- Other operating charges +€4,468
up €4,468 (+416%), from €1,073 to €5,541
- Taxes +€3,520
new in 2024: €3,520
- Depreciation -€1,169
down €1,169 (-11.6%), from €10,080 to €8,911
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.
Derived cash bridge
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 | €54,077 | €36,836 | -€17,241 | -31.9% |
| Fixed assets | 21/28 | €12,645 | €5,816 | -€6,829 | -54.0% |
| Tangible fixed assets | 22/27 | €12,326 | €5,497 | -€6,829 | -55.4% |
| Furniture and vehicles | 24 | €12,326 | €5,497 | -€6,829 | -55.4% |
| Financial fixed assets | 28 | €320 | €320 | = | 0.0% |
| Current assets | 29/58 | €41,432 | €31,020 | -€10,412 | -25.1% |
| Stocks and contracts in progress | 3 | €12,000 | €8,200 | -€3,800 | -31.7% |
| Stocks | 30/36 | €12,000 | €8,200 | -€3,800 | -31.7% |
| Amounts receivable within one year | 40/41 | €23,456 | €17,976 | -€5,480 | -23.4% |
| Trade receivables | 40 | €19,054 | €11,253 | -€7,801 | -40.9% |
| Other amounts receivable | 41 | €4,402 | €6,723 | +€2,321 | +52.7% |
| Cash at bank and in hand | 54/58 | €5,525 | €4,844 | -€681 | -12.3% |
| Deferred charges and accrued income | 490/1 | €452 | - | -€452 | |
| Total equity and liabilities | 10/49 | €54,077 | €36,836 | -€17,241 | -31.9% |
| Equity | 10/15 | €25,321 | €31,330 | +€6,009 | +23.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | - | -€18,600 | |
| Other | 1109/19 | €18,600 | - | -€18,600 | |
| Profit (loss) carried forward | 14 | €6,721 | €12,730 | +€6,009 | +89.4% |
| Amounts payable | 17/49 | €28,756 | €5,506 | -€23,250 | -80.9% |
| Amounts payable within one year | 42/48 | €28,756 | €5,506 | -€23,250 | -80.9% |
| Trade debts | 44 | €13,635 | €4,456 | -€9,179 | -67.3% |
| Suppliers | 440/4 | €13,635 | €4,456 | -€9,179 | -67.3% |
| Taxes, remuneration and social security | 45 | - | €1,050 | +€1,050 | |
| Remuneration and social security | 454/9 | - | €1,050 | +€1,050 | |
| Other amounts payable | 47/48 | €15,121 | - | -€15,121 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,080 | €8,911 | -€1,169 | -11.6% |
| Other operating charges | 640/8 | €1,073 | €5,541 | +€4,468 | +416% |
| Gross operating margin | 9900 | €13,286 | €24,255 | +€10,969 | +82.6% |
| Operating profit (loss) | 9901 | €2,133 | €9,802 | +€7,670 | +360% |
| Financial charges | 65/66B | €289 | €273 | -€16 | -5.5% |
| Recurring financial charges | 65 | €289 | €273 | -€16 | -5.5% |
| Profit (loss) for the period before taxes | 9903 | €1,844 | €9,529 | +€7,685 | +417% |
| Income taxes | 67/77 | - | €3,520 | +€3,520 | |
| Profit (loss) for the period | 9904 | €1,844 | €6,009 | +€4,166 | +226% |
| Profit (loss) for the period to be appropriated | 9905 | €1,844 | €6,009 | +€4,166 | +226% |
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 15 October 2026 via checked.be.