ELIOfI: 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.
ELIOfI
Largest movements
- Current investments -€2.2m
no longer reported in 2024 (was €2.2m)
- Financial fixed assets +€1.1m
up €1.1m (+11,686%), from €9,625 to €1.1m
- Receivables within one year +€906,859
up €906,859 (+17.0%), from €5.3m to €6.3m
of which Other amounts receivable: +€884,228
- Tangible fixed assets +€360,421
up €360,421 (+7.2%), from €5.0m to €5.3m
of which Land and buildings: +€2.2m
- Debts after one year +€427,974
up €427,974 (+20.8%), from €2.1m to €2.5m
of which Financial debts: +€417,274
- Trade debts -€282,581
no longer reported in 2024 (was €282,581)
- Financial income -€5.3m
down €5.3m (-98.5%), from €5.4m to €83,664
- Taxes -€186,423
down €186,423 (-92.7%), from €201,138 to €14,715
- Gross operating margin +€137,518
up €137,518 (+102%), from €135,147 to €272,665
- Financial charges +€99,271
up €99,271 (+246%), from €40,427 to €139,698
- Other operating charges -€61,224
down €61,224 (-82.7%), from €74,006 to €12,782
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 | €12,641,085 | €12,939,088 | +€298,003 | +2.4% |
| Fixed assets | 21/28 | €4,988,401 | €6,473,577 | +€1.5m | +29.8% |
| Tangible fixed assets | 22/27 | €4,978,776 | €5,339,197 | +€360,421 | +7.2% |
| Land and buildings | 22 | €2,890,308 | €5,047,536 | +€2.2m | +74.6% |
| Plant, machinery and equipment | 23 | €1,255 | €1,208 | -€47 | -3.7% |
| Furniture and vehicles | 24 | €164,490 | €264,483 | +€99,993 | +60.8% |
| Other tangible fixed assets | 26 | €18,254 | €25,970 | +€7,716 | +42.3% |
| Assets under construction and advance payments | 27 | €1,904,469 | - | -€1.9m | |
| Financial fixed assets | 28 | €9,625 | €1,134,380 | +€1.1m | +11,686% |
| Current assets | 29/58 | €7,652,684 | €6,465,511 | -€1.2m | -15.5% |
| Amounts receivable within one year | 40/41 | €5,343,790 | €6,250,649 | +€906,859 | +17.0% |
| Trade receivables | 40 | €132,191 | €154,822 | +€22,631 | +17.1% |
| Other amounts receivable | 41 | €5,211,599 | €6,095,827 | +€884,228 | +17.0% |
| Current investments | 50/53 | €2,205,075 | - | -€2.2m | |
| Cash at bank and in hand | 54/58 | €102,130 | €186,395 | +€84,265 | +82.5% |
| Deferred charges and accrued income | 490/1 | €1,689 | €28,467 | +€26,778 | +1,585% |
| Total equity and liabilities | 10/49 | €12,641,085 | €12,939,088 | +€298,003 | +2.4% |
| Equity | 10/15 | €9,919,348 | €10,040,770 | +€121,422 | +1.2% |
| Contributions | 10/11 | €238,699 | €238,699 | = | 0.0% |
| Reserves | 13 | €2,190,398 | €2,310,398 | +€120,000 | +5.5% |
| Non-distributable reserves | 130/1 | €23,098 | €23,098 | = | 0.0% |
| Reserves not available under the articles | 1311 | €23,098 | €23,098 | = | 0.0% |
| Distributable reserves | 133 | €2,167,300 | €2,287,300 | +€120,000 | +5.5% |
| Profit (loss) carried forward | 14 | €7,490,251 | €7,491,673 | +€1,422 | 0.0% |
| Amounts payable | 17/49 | €2,721,737 | €2,898,318 | +€176,581 | +6.5% |
| Amounts payable after more than one year | 17 | €2,059,173 | €2,487,147 | +€427,974 | +20.8% |
| Financial debts | 170/4 | €2,059,173 | €2,476,447 | +€417,274 | +20.3% |
| Other amounts payable | 178/9 | - | €10,700 | +€10,700 | |
| Amounts payable within one year | 42/48 | €662,564 | €411,171 | -€251,393 | -37.9% |
| Current portion of amounts payable after more than one year | 42 | €159,570 | €166,109 | +€6,539 | +4.1% |
| Financial debts | 43 | €117 | €117 | = | 0.0% |
| Credit institutions | 430/8 | €117 | €117 | = | 0.0% |
| Trade debts | 44 | €282,581 | - | -€282,581 | |
| Suppliers | 440/4 | €282,581 | - | -€282,581 | |
| Taxes, remuneration and social security | 45 | €220,296 | €214,581 | -€5,715 | -2.6% |
| Taxes | 450/3 | €220,296 | €214,581 | -€5,715 | -2.6% |
| Other amounts payable | 47/48 | - | €30,364 | +€30,364 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €61,127 | €67,712 | +€6,585 | +10.8% |
| Other operating charges | 640/8 | €74,006 | €12,782 | -€61,224 | -82.7% |
| Gross operating margin | 9900 | €135,147 | €272,665 | +€137,518 | +102% |
| Operating profit (loss) | 9901 | €14 | €192,171 | +€192,157 | +1,372,550% |
| Financial income | 75/76B | €5,406,174 | €83,664 | -€5.3m | -98.5% |
| Recurring financial income | 75 | €5,406,174 | €83,664 | -€5.3m | -98.5% |
| Financial charges | 65/66B | €40,427 | €139,698 | +€99,271 | +246% |
| Recurring financial charges | 65 | €40,427 | €139,698 | +€99,271 | +246% |
| Profit (loss) for the period before taxes | 9903 | €5,365,761 | €136,137 | -€5.2m | -97.5% |
| Income taxes | 67/77 | €201,138 | €14,715 | -€186,423 | -92.7% |
| Profit (loss) for the period | 9904 | €5,164,623 | €121,422 | -€5.0m | -97.6% |
| Profit (loss) for the period to be appropriated | 9905 | €5,164,623 | €121,422 | -€5.0m | -97.6% |
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 17 October 2026 via checked.be.