ELIA DISTRIBUTION: 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.
ELIA DISTRIBUTION
Largest movements
- Receivables within one year +€242,994
up €242,994 (+74.4%), from €326,812 to €569,807
of which Trade receivables: +€245,447
- Cash -€73,723
down €73,723 (-74.8%), from €98,542 to €24,819
mainly Receivables within one year (-€242,994) and Debts after one year (-€34,357)
- Tangible fixed assets -€48,156
down €48,156 (-61.0%), from €78,927 to €30,771
of which Leasing and similar rights: -€37,754
- Trade debts +€126,328
up €126,328 (+63.1%), from €200,330 to €326,659
- Profit (loss) carried forward +€37,899
up €37,899 (+19.9%), from €190,513 to €228,412
- Debts after one year -€34,357
down €34,357 (-42.2%), from €81,407 to €47,051
of which Financial debts: -€34,357
- Tax, wage and social debts +€16,536
up €16,536 (+26.5%), from €62,446 to €78,982
of which Taxes: +€12,125
- Other debts -€13,195
no longer reported in 2024 (was €13,195)
- Gross operating margin +€92,928
up €92,928 (+15.5%), from €599,732 to €692,660
- Taxes +€42,936
up €42,936 (+187.6%), from €22,887 to €65,823
- Other operating charges +€36,903
up €36,903 (+53.6%), from €68,906 to €105,809
- Staff costs -€11,052
down €11,052 (-2.4%), from €469,627 to €458,574
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 | €567,579 | €690,194 | +€122,615 | +21.6% |
| Fixed assets | 21/28 | €142,225 | €95,569 | -€46,656 | -32.8% |
| Tangible fixed assets | 22/27 | €78,927 | €30,771 | -€48,156 | -61.0% |
| Plant, machinery and equipment | 23 | €1,067 | €2,522 | +€1,455 | +136.3% |
| Furniture and vehicles | 24 | €40,106 | €26,764 | -€13,342 | -33.3% |
| Leasing and similar rights | 25 | €37,754 | - | -€37,754 | |
| Other tangible fixed assets | 26 | - | €1,485 | +€1,485 | |
| Financial fixed assets | 28 | €63,298 | €64,798 | +€1,500 | +2.4% |
| Current assets | 29/58 | €425,354 | €594,625 | +€169,271 | +39.8% |
| Amounts receivable within one year | 40/41 | €326,812 | €569,807 | +€242,994 | +74.4% |
| Trade receivables | 40 | €307,542 | €552,989 | +€245,447 | +79.8% |
| Other amounts receivable | 41 | €19,270 | €16,817 | -€2,453 | -12.7% |
| Cash at bank and in hand | 54/58 | €98,542 | €24,819 | -€73,723 | -74.8% |
| Total equity and liabilities | 10/49 | €567,579 | €690,194 | +€122,615 | +21.6% |
| Equity | 10/15 | €195,513 | €233,412 | +€37,899 | +19.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €190,513 | €228,412 | +€37,899 | +19.9% |
| Amounts payable | 17/49 | €372,066 | €456,782 | +€84,716 | +22.8% |
| Amounts payable after more than one year | 17 | €81,407 | €47,051 | -€34,357 | -42.2% |
| Financial debts | 170/4 | €41,407 | €7,051 | -€34,357 | -83.0% |
| Other amounts payable | 178/9 | €40,000 | €40,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €290,659 | €409,731 | +€119,072 | +41.0% |
| Current portion of amounts payable after more than one year | 42 | €14,688 | €4,091 | -€10,597 | -72.1% |
| Trade debts | 44 | €200,330 | €326,659 | +€126,328 | +63.1% |
| Suppliers | 440/4 | €200,330 | €326,659 | +€126,328 | +63.1% |
| Taxes, remuneration and social security | 45 | €62,446 | €78,982 | +€16,536 | +26.5% |
| Taxes | 450/3 | €42,230 | €54,354 | +€12,125 | +28.7% |
| Remuneration and social security | 454/9 | €20,216 | €24,628 | +€4,412 | +21.8% |
| Other amounts payable | 47/48 | €13,195 | - | -€13,195 | |
| Remuneration, social security and pensions | 62 | €469,627 | €458,574 | -€11,052 | -2.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,873 | €18,191 | -€6,682 | -26.9% |
| Other operating charges | 640/8 | €68,906 | €105,809 | +€36,903 | +53.6% |
| Gross operating margin | 9900 | €599,732 | €692,660 | +€92,928 | +15.5% |
| Operating profit (loss) | 9901 | €36,327 | €110,085 | +€73,759 | +203.0% |
| Financial charges | 65/66B | €5,337 | €6,363 | +€1,027 | +19.2% |
| Recurring financial charges | 65 | €5,337 | €6,363 | +€1,027 | +19.2% |
| Profit (loss) for the period before taxes | 9903 | €30,990 | €103,722 | +€72,732 | +234.7% |
| Income taxes | 67/77 | €22,887 | €65,823 | +€42,936 | +187.6% |
| Profit (loss) for the period | 9904 | €8,103 | €37,899 | +€29,796 | +367.7% |
| Profit (loss) for the period to be appropriated | 9905 | €8,103 | €37,899 | +€29,796 | +367.7% |
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 30 September 2026 via checked.be.