ELIMAC: 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.
ELIMAC
Largest movements
- Current investments +€275,000
new in 2024: €275,000
- Intangible fixed assets -€42,500
down €42,500 (-42.4%), from €100,253 to €57,753
- Deferred charges and accrued income -€24,118
down €24,118 (-27.7%), from €87,042 to €62,924
- Cash -€21,738
down €21,738 (-24.2%), from €89,644 to €67,906
mainly Current investments (-€275,000) and Contributions, distributions and other (-€260,000)
- Tangible fixed assets +€9,368
up €9,368 (+853.2%), from €1,098 to €10,466
of which Furniture and vehicles: +€9,558
- Other debts +€110,010
up €110,010 (+73.2%), from €150,313 to €260,323
- Reserves +€69,411
up €69,411 (+131.8%), from €52,660 to €122,071
of which Distributable reserves: +€69,411
- Trade debts +€6,831
up €6,831 (+24.9%), from €27,458 to €34,289
- Short-term financial debts +€6,090
up €6,090 (+90.9%), from €6,697 to €12,786
- Gross operating margin +€224,174
up €224,174 (+61.0%), from €367,652 to €591,826
- Taxes +€34,784
up €34,784 (+91.0%), from €38,224 to €73,008
- Staff costs +€32,794
up €32,794 (+29.7%), from €110,512 to €143,306
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 | €279,814 | €476,804 | +€196,990 | +70.4% |
| Fixed assets | 21/28 | €101,351 | €68,220 | -€33,132 | -32.7% |
| Intangible fixed assets | 21 | €100,253 | €57,753 | -€42,500 | -42.4% |
| Tangible fixed assets | 22/27 | €1,098 | €10,466 | +€9,368 | +853.2% |
| Furniture and vehicles | 24 | €147 | €9,705 | +€9,558 | +6504.1% |
| Other tangible fixed assets | 26 | €951 | €761 | -€190 | -20.0% |
| Current assets | 29/58 | €178,463 | €408,585 | +€230,122 | +128.9% |
| Amounts receivable within one year | 40/41 | €1,776 | €2,754 | +€978 | +55.1% |
| Other amounts receivable | 41 | €1,776 | €2,754 | +€978 | +55.1% |
| Current investments | 50/53 | - | €275,000 | +€275,000 | |
| Cash at bank and in hand | 54/58 | €89,644 | €67,906 | -€21,738 | -24.2% |
| Deferred charges and accrued income | 490/1 | €87,042 | €62,924 | -€24,118 | -27.7% |
| Total equity and liabilities | 10/49 | €279,814 | €476,804 | +€196,990 | +70.4% |
| Equity | 10/15 | €71,260 | €140,671 | +€69,411 | +97.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €52,660 | €122,071 | +€69,411 | +131.8% |
| 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 | €50,800 | €120,211 | +€69,411 | +136.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €208,554 | €336,133 | +€127,579 | +61.2% |
| Amounts payable within one year | 42/48 | €204,227 | €331,921 | +€127,694 | +62.5% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | €6,697 | €12,786 | +€6,090 | +90.9% |
| Other loans | 439 | €6,697 | €12,786 | +€6,090 | +90.9% |
| Trade debts | 44 | €27,458 | €34,289 | +€6,831 | +24.9% |
| Suppliers | 440/4 | €27,458 | €34,289 | +€6,831 | +24.9% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €19,759 | €24,522 | +€4,763 | +24.1% |
| Taxes | 450/3 | €0 | - | = | |
| Remuneration and social security | 454/9 | €19,759 | €24,522 | +€4,763 | +24.1% |
| Other amounts payable | 47/48 | €150,313 | €260,323 | +€110,010 | +73.2% |
| Accrued charges and deferred income | 492/3 | €4,327 | €4,212 | -€115 | -2.7% |
| Non-recurring operating income | 76A | - | €1,750 | +€1,750 | |
| Remuneration, social security and pensions | 62 | €110,512 | €143,306 | +€32,794 | +29.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,615 | €45,068 | +€1,453 | +3.3% |
| Other operating charges | 640/8 | €4,680 | €3,472 | -€1,208 | -25.8% |
| Gross operating margin | 9900 | €367,652 | €591,826 | +€224,174 | +61.0% |
| Operating profit (loss) | 9901 | €208,844 | €399,980 | +€191,136 | +91.5% |
| Financial income | 75/76B | €0 | €2,542 | +€2,542 | +8473766.7% |
| Recurring financial income | 75 | €0 | €2,542 | +€2,542 | +8473766.7% |
| Financial charges | 65/66B | €525 | €103 | -€422 | -80.4% |
| Recurring financial charges | 65 | €525 | €103 | -€422 | -80.4% |
| Profit (loss) for the period before taxes | 9903 | €208,320 | €402,419 | +€194,100 | +93.2% |
| Income taxes | 67/77 | €38,224 | €73,008 | +€34,784 | +91.0% |
| Profit (loss) for the period | 9904 | €170,096 | €329,411 | +€159,315 | +93.7% |
| Profit (loss) for the period to be appropriated | 9905 | €170,096 | €329,411 | +€159,315 | +93.7% |
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 3 October 2026 via checked.be.