ELHAMD: 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.
ELHAMD
Largest movements
- Receivables within one year +€277,946
up €277,946 (+26.0%), from €1.1m to €1.3m
of which Trade receivables: +€303,657
- Cash -€50,690
down €50,690 (-53.3%), from €95,053 to €44,363
mainly Receivables within one year (-€277,946) and Advances received (-€52,595)
- Stocks and contracts +€47,600
up €47,600 (+1182.3%), from €4,026 to €51,626
- Other debts +€175,482
up €175,482 (+1630.2%), from €10,764 to €186,247
- Trade debts +€128,201
up €128,201 (+34.6%), from €370,941 to €499,142
- Advances received -€52,595
down €52,595 (-7.7%), from €680,240 to €627,644
- Turnover -€1.3m
no longer reported in 2024 (was €1.3m)
- Purchases and services -€266,293
down €266,293 (-22.2%), from €1.2m to €933,578
- Financial income +€164,969
up €164,969 (+1649.7%), from €10,000 to €174,969
of which Non-recurring financial income: +€174,272
- Gross operating margin -€151,098
down €151,098, from €95,989 to -€55,109
- Staff costs +€47,802
up €47,802 (+82.6%), from €57,845 to €105,647
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 | €1,266,705 | €1,530,460 | +€263,755 | +20.8% |
| Fixed assets | 21/28 | €97,788 | €86,687 | -€11,101 | -11.4% |
| Tangible fixed assets | 22/27 | €65,394 | €54,293 | -€11,101 | -17.0% |
| Furniture and vehicles | 24 | €41,849 | €30,748 | -€11,101 | -26.5% |
| Leasing and similar rights | 25 | €23,545 | €23,545 | = | 0.0% |
| Financial fixed assets | 28 | €32,394 | €32,394 | = | 0.0% |
| Current assets | 29/58 | €1,168,918 | €1,443,773 | +€274,856 | +23.5% |
| Stocks and contracts in progress | 3 | €4,026 | €51,626 | +€47,600 | +1182.3% |
| Stocks | 30/36 | €4,026 | €51,626 | +€47,600 | +1182.3% |
| Amounts receivable within one year | 40/41 | €1,069,839 | €1,347,785 | +€277,946 | +26.0% |
| Trade receivables | 40 | €1,033,843 | €1,337,500 | +€303,657 | +29.4% |
| Other amounts receivable | 41 | €35,996 | €10,285 | -€25,711 | -71.4% |
| Cash at bank and in hand | 54/58 | €95,053 | €44,363 | -€50,690 | -53.3% |
| Total equity and liabilities | 10/49 | €1,266,705 | €1,530,460 | +€263,755 | +20.8% |
| Equity | 10/15 | €164,548 | €177,521 | +€12,973 | +7.9% |
| Contributions | 10/11 | €6,200 | €14,200 | +€8,000 | +129.0% |
| Reserves | 13 | €86,467 | €86,467 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €84,607 | €84,607 | = | 0.0% |
| Profit (loss) carried forward | 14 | €71,880 | €76,854 | +€4,973 | +6.9% |
| Amounts payable | 17/49 | €1,102,158 | €1,352,939 | +€250,781 | +22.8% |
| Amounts payable after more than one year | 17 | €15,442 | €15,442 | = | 0.0% |
| Financial debts | 170/4 | €15,442 | €15,442 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,086,716 | €1,337,497 | +€250,781 | +23.1% |
| Current portion of amounts payable after more than one year | 42 | €6,326 | €6,326 | = | 0.0% |
| Trade debts | 44 | €370,941 | €499,142 | +€128,201 | +34.6% |
| Suppliers | 440/4 | €370,941 | €499,142 | +€128,201 | +34.6% |
| Advances received on contracts in progress | 46 | €680,240 | €627,644 | -€52,595 | -7.7% |
| Taxes, remuneration and social security | 45 | €18,444 | €18,138 | -€307 | -1.7% |
| Taxes | 450/3 | €2,350 | €8,079 | +€5,729 | +243.8% |
| Remuneration and social security | 454/9 | €16,094 | €10,058 | -€6,036 | -37.5% |
| Other amounts payable | 47/48 | €10,764 | €186,247 | +€175,482 | +1630.2% |
| Turnover | 70 | €1,295,860 | - | -€1.3m | |
| Goods, raw materials, services and sundry goods | 60/61 | €1,199,871 | €933,578 | -€266,293 | -22.2% |
| Remuneration, social security and pensions | 62 | €57,845 | €105,647 | +€47,802 | +82.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,156 | €3,498 | -€2,658 | -43.2% |
| Other operating charges | 640/8 | €6,147 | €4,450 | -€1,697 | -27.6% |
| Gross operating margin | 9900 | €95,989 | -€55,109 | -€151,098 | |
| Operating profit (loss) | 9901 | €25,840 | -€168,705 | -€194,545 | |
| Financial income | 75/76B | €10,000 | €174,969 | +€164,969 | +1649.7% |
| Recurring financial income | 75 | €10,000 | €697 | -€9,303 | -93.0% |
| Non-recurring financial income | 76B | - | €174,272 | +€174,272 | |
| Financial charges | 65/66B | €2,268 | €1,291 | -€977 | -43.1% |
| Recurring financial charges | 65 | €2,268 | €1,291 | -€977 | -43.1% |
| Profit (loss) for the period before taxes | 9903 | €33,573 | €4,973 | -€28,600 | -85.2% |
| Profit (loss) for the period | 9904 | €33,573 | €4,973 | -€28,600 | -85.2% |
| Profit (loss) for the period to be appropriated | 9905 | €33,573 | €4,973 | -€28,600 | -85.2% |
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 12 October 2026 via checked.be.