ELIRO: 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.
ELIRO
Largest movements
- Receivables within one year +€45,675
up €45,675 (+7.8%), from €583,068 to €628,743
- Cash +€19,406
up €19,406 (+36.3%), from €53,388 to €72,794
mainly Net result for the year (+€43,904) and Accrued charges and deferred income (+€9,262)
- Profit (loss) carried forward +€43,905
up €43,905 (+4.2%), from €1.0m to €1.1m
- Gross operating margin -€9,960
down €9,960 (-11.2%), from €88,714 to €78,754
- Financial income +€3,915
up €3,915 (+44.9%), from €8,721 to €12,636
- Taxes -€2,335
down €2,335 (-12.6%), from €18,568 to €16,233
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 | €1,565,521 | €1,621,696 | +€56,175 | +3.6% |
| Fixed assets | 21/28 | €913,528 | €911,823 | -€1,705 | -0.2% |
| Tangible fixed assets | 22/27 | €197,926 | €196,221 | -€1,705 | -0.9% |
| Land and buildings | 22 | €197,926 | €190,048 | -€7,878 | -4.0% |
| Furniture and vehicles | 24 | - | €6,173 | +€6,173 | |
| Financial fixed assets | 28 | €715,602 | €715,602 | = | 0.0% |
| Current assets | 29/58 | €651,993 | €709,873 | +€57,880 | +8.9% |
| Amounts receivable within one year | 40/41 | €583,068 | €628,743 | +€45,675 | +7.8% |
| Other amounts receivable | 41 | €583,068 | €628,743 | +€45,675 | +7.8% |
| Cash at bank and in hand | 54/58 | €53,388 | €72,794 | +€19,406 | +36.3% |
| Deferred charges and accrued income | 490/1 | €15,537 | €8,336 | -€7,201 | -46.3% |
| Total equity and liabilities | 10/49 | €1,565,521 | €1,621,696 | +€56,175 | +3.6% |
| Equity | 10/15 | €1,181,766 | €1,225,671 | +€43,905 | +3.7% |
| Contributions | 10/11 | €130,144 | €130,144 | = | 0.0% |
| Capital | 10 | €130,144 | €130,144 | = | 0.0% |
| Issued capital | 100 | €130,144 | €130,144 | = | 0.0% |
| Reserves | 13 | €13,014 | €13,014 | = | 0.0% |
| Non-distributable reserves | 130/1 | €13,014 | €13,014 | = | 0.0% |
| Legal reserve | 130 | €13,014 | €13,014 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,038,608 | €1,082,513 | +€43,905 | +4.2% |
| Amounts payable | 17/49 | €383,755 | €396,025 | +€12,270 | +3.2% |
| Amounts payable within one year | 42/48 | €186,325 | €189,333 | +€3,008 | +1.6% |
| Current portion of amounts payable after more than one year | 42 | €833 | €833 | = | 0.0% |
| Financial debts | 43 | €168,400 | €168,400 | = | 0.0% |
| Other loans | 439 | €168,400 | €168,400 | = | 0.0% |
| Trade debts | 44 | €8,524 | €5,299 | -€3,225 | -37.8% |
| Suppliers | 440/4 | €8,524 | €5,299 | -€3,225 | -37.8% |
| Taxes, remuneration and social security | 45 | €8,568 | €14,801 | +€6,233 | +72.7% |
| Taxes | 450/3 | €8,568 | €14,801 | +€6,233 | +72.7% |
| Accrued charges and deferred income | 492/3 | €197,430 | €206,692 | +€9,262 | +4.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,889 | €8,509 | +€620 | +7.9% |
| Other operating charges | 640/8 | €12,582 | €13,061 | +€479 | +3.8% |
| Gross operating margin | 9900 | €88,714 | €78,754 | -€9,960 | -11.2% |
| Operating profit (loss) | 9901 | €68,243 | €57,184 | -€11,059 | -16.2% |
| Financial income | 75/76B | €8,721 | €12,636 | +€3,915 | +44.9% |
| Recurring financial income | 75 | €8,721 | €12,636 | +€3,915 | +44.9% |
| Financial charges | 65/66B | €9,716 | €9,683 | -€33 | -0.3% |
| Recurring financial charges | 65 | €9,716 | €9,683 | -€33 | -0.3% |
| Profit (loss) for the period before taxes | 9903 | €67,248 | €60,137 | -€7,111 | -10.6% |
| Income taxes | 67/77 | €18,568 | €16,233 | -€2,335 | -12.6% |
| Profit (loss) for the period | 9904 | €48,680 | €43,904 | -€4,776 | -9.8% |
| Profit (loss) for the period to be appropriated | 9905 | €48,680 | €43,904 | -€4,776 | -9.8% |
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 28 September 2026 via checked.be.