ELIRI: 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.
ELIRI
Largest movements
- Cash -€171,706
down €171,706 (-63.7%), from €269,538 to €97,832
mainly Receivables within one year (-€125,960) and Tax, wage and social debts (-€109,420)
- Receivables within one year +€125,960
up €125,960 (+94.6%), from €133,202 to €259,162
of which Other amounts receivable: +€118,472
- Current investments -€66,000
down €66,000 (-24.4%), from €270,664 to €204,664
- Receivables after one year +€50,000
new in 2024: €50,000
- Tax, wage and social debts -€109,420
down €109,420 (-61.4%), from €178,276 to €68,856
- Reserves +€47,805
up €47,805 (+10.1%), from €473,440 to €521,245
- Gross operating margin -€129,149
down €129,149 (-64.4%), from €200,474 to €71,325
- Taxes -€38,113
down €38,113 (-61.1%), from €62,381 to €24,268
- Financial income +€3,722
up €3,722 (+790.0%), from €471 to €4,193
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 | €679,695 | €621,247 | -€58,449 | -8.6% |
| Fixed assets | 21/28 | €6,291 | €9,589 | +€3,298 | +52.4% |
| Tangible fixed assets | 22/27 | €1,191 | €4,489 | +€3,298 | +276.9% |
| Furniture and vehicles | 24 | €1,191 | €4,489 | +€3,298 | +276.9% |
| Financial fixed assets | 28 | €5,100 | €5,100 | = | 0.0% |
| Current assets | 29/58 | €673,404 | €611,658 | -€61,747 | -9.2% |
| Amounts receivable after more than one year | 29 | - | €50,000 | +€50,000 | |
| Other amounts receivable | 291 | - | €50,000 | +€50,000 | |
| Amounts receivable within one year | 40/41 | €133,202 | €259,162 | +€125,960 | +94.6% |
| Trade receivables | 40 | €112,600 | €120,088 | +€7,488 | +6.6% |
| Other amounts receivable | 41 | €20,602 | €139,074 | +€118,472 | +575.0% |
| Current investments | 50/53 | €270,664 | €204,664 | -€66,000 | -24.4% |
| Cash at bank and in hand | 54/58 | €269,538 | €97,832 | -€171,706 | -63.7% |
| Total equity and liabilities | 10/49 | €679,695 | €621,247 | -€58,449 | -8.6% |
| Equity | 10/15 | €500,708 | €548,513 | +€47,805 | +9.5% |
| Contributions | 10/11 | €27,268 | €27,268 | = | 0.0% |
| Reserves | 13 | €473,440 | €521,245 | +€47,805 | +10.1% |
| Distributable reserves | 133 | €473,440 | €521,245 | +€47,805 | +10.1% |
| Amounts payable | 17/49 | €178,987 | €72,734 | -€106,254 | -59.4% |
| Amounts payable after more than one year | 17 | - | €1,826 | +€1,826 | |
| Financial debts | 170/4 | - | €1,826 | +€1,826 | |
| Amounts payable within one year | 42/48 | €178,987 | €70,908 | -€108,079 | -60.4% |
| Current portion of amounts payable after more than one year | 42 | - | €1,926 | +€1,926 | |
| Trade debts | 44 | €711 | €126 | -€585 | -82.3% |
| Suppliers | 440/4 | €711 | €126 | -€585 | -82.3% |
| Taxes, remuneration and social security | 45 | €178,276 | €68,856 | -€109,420 | -61.4% |
| Taxes | 450/3 | €178,276 | €68,856 | -€109,420 | -61.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €130 | €503 | +€372 | +285.8% |
| Other operating charges | 640/8 | €420 | €176 | -€244 | -58.1% |
| Gross operating margin | 9900 | €200,474 | €71,325 | -€129,149 | -64.4% |
| Operating profit (loss) | 9901 | €199,924 | €70,647 | -€129,277 | -64.7% |
| Financial income | 75/76B | €471 | €4,193 | +€3,722 | +790.0% |
| Recurring financial income | 75 | €471 | €4,193 | +€3,722 | +790.0% |
| Financial charges | 65/66B | €2,114 | €2,767 | +€653 | +30.9% |
| Recurring financial charges | 65 | €2,114 | €2,767 | +€653 | +30.9% |
| Profit (loss) for the period before taxes | 9903 | €198,281 | €72,073 | -€126,208 | -63.7% |
| Income taxes | 67/77 | €62,381 | €24,268 | -€38,113 | -61.1% |
| Profit (loss) for the period | 9904 | €135,900 | €47,805 | -€88,095 | -64.8% |
| Profit (loss) for the period to be appropriated | 9905 | €135,900 | €47,805 | -€88,095 | -64.8% |
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 5 October 2026 via checked.be.