ELIE SELECTION: 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.
ELIE SELECTION
Largest movements
- Receivables within one year -€64,088
down €64,088 (-68.1%), from €94,153 to €30,065
of which Trade receivables: -€72,064
- Tangible fixed assets -€24,745
down €24,745 (-18.5%), from €133,678 to €108,933
of which Leasing and similar rights: -€23,238
- Stocks and contracts -€11,785
down €11,785 (-8.1%), from €145,938 to €134,153
- Trade debts -€35,076
down €35,076 (-33.2%), from €105,659 to €70,583
- Reserves -€28,246
no longer reported in 2024 (was €28,246)
- Debts after one year -€23,248
down €23,248 (-11.4%), from €204,824 to €181,577
of which Financial debts: -€21,498
- Profit (loss) carried forward -€22,224
new in 2024: -€22,224
- Other debts +€6,927
up €6,927 (+56.3%), from €12,311 to €19,238
- Gross operating margin -€42,371
down €42,371, from €23,638 to -€18,733
- Other operating charges -€12,820
down €12,820 (-95.6%), from €13,415 to €596
- Depreciation +€8,415
up €8,415 (+50.3%), from €16,743 to €25,157
- Financial charges -€768
down €768 (-12.5%), from €6,134 to €5,366
- Taxes -€267
down €267 (-27.3%), from €977 to €710
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 | €378,407 | €276,999 | -€101,408 | -26.8% |
| Fixed assets | 21/28 | €136,375 | €111,218 | -€25,157 | -18.4% |
| Intangible fixed assets | 21 | €1,597 | €1,184 | -€413 | -25.8% |
| Tangible fixed assets | 22/27 | €133,678 | €108,933 | -€24,745 | -18.5% |
| Furniture and vehicles | 24 | €4,011 | €2,504 | -€1,507 | -37.6% |
| Leasing and similar rights | 25 | €129,667 | €106,429 | -€23,238 | -17.9% |
| Financial fixed assets | 28 | €1,100 | €1,100 | = | 0.0% |
| Current assets | 29/58 | €242,032 | €165,781 | -€76,251 | -31.5% |
| Stocks and contracts in progress | 3 | €145,938 | €134,153 | -€11,785 | -8.1% |
| Stocks | 30/36 | €145,938 | €134,153 | -€11,785 | -8.1% |
| Amounts receivable within one year | 40/41 | €94,153 | €30,065 | -€64,088 | -68.1% |
| Trade receivables | 40 | €92,020 | €19,956 | -€72,064 | -78.3% |
| Other amounts receivable | 41 | €2,133 | €10,109 | +€7,976 | +373.9% |
| Cash at bank and in hand | 54/58 | €413 | €1,493 | +€1,080 | +261.2% |
| Deferred charges and accrued income | 490/1 | €1,527 | €70 | -€1,458 | -95.4% |
| Total equity and liabilities | 10/49 | €378,407 | €276,999 | -€101,408 | -26.8% |
| Equity | 10/15 | €28,846 | -€21,624 | -€50,469 | |
| Contributions | 10/11 | €600 | €600 | = | 0.0% |
| Reserves | 13 | €28,246 | - | -€28,246 | |
| Distributable reserves | 133 | €28,246 | - | -€28,246 | |
| Profit (loss) carried forward | 14 | - | -€22,224 | -€22,224 | |
| Amounts payable | 17/49 | €349,562 | €298,623 | -€50,939 | -14.6% |
| Amounts payable after more than one year | 17 | €204,824 | €181,577 | -€23,248 | -11.4% |
| Financial debts | 170/4 | €110,277 | €88,779 | -€21,498 | -19.5% |
| Other amounts payable | 178/9 | €94,547 | €92,797 | -€1,750 | -1.9% |
| Amounts payable within one year | 42/48 | €141,067 | €113,446 | -€27,621 | -19.6% |
| Current portion of amounts payable after more than one year | 42 | €19,389 | €21,716 | +€2,327 | +12.0% |
| Trade debts | 44 | €105,659 | €70,583 | -€35,076 | -33.2% |
| Suppliers | 440/4 | €105,659 | €70,583 | -€35,076 | -33.2% |
| Taxes, remuneration and social security | 45 | €3,709 | €1,909 | -€1,799 | -48.5% |
| Taxes | 450/3 | €3,709 | €1,909 | -€1,799 | -48.5% |
| Other amounts payable | 47/48 | €12,311 | €19,238 | +€6,927 | +56.3% |
| Accrued charges and deferred income | 492/3 | €3,670 | €3,600 | -€70 | -1.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,743 | €25,157 | +€8,415 | +50.3% |
| Other operating charges | 640/8 | €13,415 | €596 | -€12,820 | -95.6% |
| Gross operating margin | 9900 | €23,638 | -€18,733 | -€42,371 | |
| Operating profit (loss) | 9901 | -€6,520 | -€44,486 | -€37,966 | -582.3% |
| Financial income | 75/76B | €66 | €92 | +€26 | +39.4% |
| Recurring financial income | 75 | €66 | €92 | +€26 | +39.4% |
| Financial charges | 65/66B | €6,134 | €5,366 | -€768 | -12.5% |
| Recurring financial charges | 65 | €6,134 | €5,366 | -€768 | -12.5% |
| Profit (loss) for the period before taxes | 9903 | -€12,588 | -€49,759 | -€37,171 | -295.3% |
| Income taxes | 67/77 | €977 | €710 | -€267 | -27.3% |
| Profit (loss) for the period | 9904 | -€13,565 | -€50,469 | -€36,904 | -272.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€13,565 | -€50,469 | -€36,904 | -272.1% |
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 6 October 2026 via checked.be.