ELIROSE: 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.
ELIROSE
Largest movements
- Cash -€8,181
down €8,181 (-35.7%), from €22,927 to €14,747
mainly Investment in fixed assets (net) (-€21,282) and Other debts (-€14,294)
- Stocks and contracts +€4,233
up €4,233 (+30.8%), from €13,727 to €17,960
- Receivables within one year +€2,262
up €2,262 (+4.0%), from €55,888 to €58,151
of which Trade receivables: +€2,262
- Deferred charges and accrued income +€2,006
up €2,006 (+469.4%), from €427 to €2,434
- Trade debts +€30,777
up €30,777 (+110.2%), from €27,920 to €58,697
- Other debts -€14,294
down €14,294 (-68.0%), from €21,025 to €6,732
- Tax, wage and social debts -€6,853
down €6,853 (-23.9%), from €28,658 to €21,805
of which Remuneration and social security: -€4,113
- Debts after one year -€6,621
down €6,621 (-64.9%), from €10,200 to €3,579
- Gross operating margin +€7,987
up €7,987 (+6.7%), from €119,517 to €127,504
- Staff costs +€4,219
up €4,219 (+4.2%), from €100,078 to €104,297
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 | €156,627 | €157,980 | +€1,354 | +0.9% |
| Fixed assets | 21/28 | €63,657 | €64,689 | +€1,032 | +1.6% |
| Tangible fixed assets | 22/27 | €62,657 | €63,689 | +€1,032 | +1.6% |
| Plant, machinery and equipment | 23 | €14,043 | €13,524 | -€519 | -3.7% |
| Furniture and vehicles | 24 | €12,969 | €5,187 | -€7,783 | -60.0% |
| Other tangible fixed assets | 26 | €35,644 | €44,978 | +€9,335 | +26.2% |
| Financial fixed assets | 28 | €1,000 | €1,000 | = | 0.0% |
| Current assets | 29/58 | €92,970 | €93,291 | +€321 | +0.3% |
| Stocks and contracts in progress | 3 | €13,727 | €17,960 | +€4,233 | +30.8% |
| Stocks | 30/36 | €13,727 | €17,960 | +€4,233 | +30.8% |
| Amounts receivable within one year | 40/41 | €55,888 | €58,151 | +€2,262 | +4.0% |
| Trade receivables | 40 | €35,888 | €38,151 | +€2,262 | +6.3% |
| Other amounts receivable | 41 | €20,000 | €20,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €22,927 | €14,747 | -€8,181 | -35.7% |
| Deferred charges and accrued income | 490/1 | €427 | €2,434 | +€2,006 | +469.4% |
| Total equity and liabilities | 10/49 | €156,627 | €157,980 | +€1,354 | +0.9% |
| Equity | 10/15 | €60,839 | €60,547 | -€292 | -0.5% |
| Contributions | 10/11 | €17,400 | €17,400 | = | 0.0% |
| Reserves | 13 | €55,960 | €55,960 | = | 0.0% |
| Distributable reserves | 133 | €55,960 | €55,960 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€12,521 | -€12,813 | -€292 | -2.3% |
| Amounts payable | 17/49 | €95,788 | €97,434 | +€1,646 | +1.7% |
| Amounts payable after more than one year | 17 | €10,200 | €3,579 | -€6,621 | -64.9% |
| Financial debts | 170/4 | €10,200 | €3,579 | -€6,621 | -64.9% |
| Amounts payable within one year | 42/48 | €85,509 | €93,854 | +€8,346 | +9.8% |
| Current portion of amounts payable after more than one year | 42 | €7,905 | €6,621 | -€1,284 | -16.2% |
| Trade debts | 44 | €27,920 | €58,697 | +€30,777 | +110.2% |
| Suppliers | 440/4 | €27,920 | €58,697 | +€30,777 | +110.2% |
| Taxes, remuneration and social security | 45 | €28,658 | €21,805 | -€6,853 | -23.9% |
| Taxes | 450/3 | €12,836 | €10,096 | -€2,740 | -21.3% |
| Remuneration and social security | 454/9 | €15,822 | €11,709 | -€4,113 | -26.0% |
| Other amounts payable | 47/48 | €21,025 | €6,732 | -€14,294 | -68.0% |
| Accrued charges and deferred income | 492/3 | €79 | - | -€79 | |
| Remuneration, social security and pensions | 62 | €100,078 | €104,297 | +€4,219 | +4.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,542 | €20,250 | -€292 | -1.4% |
| Other operating charges | 640/8 | €2,177 | €1,916 | -€262 | -12.0% |
| Gross operating margin | 9900 | €119,517 | €127,504 | +€7,987 | +6.7% |
| Operating profit (loss) | 9901 | -€3,281 | €1,041 | +€4,322 | |
| Financial income | 75/76B | €12 | €433 | +€422 | +3644.1% |
| Recurring financial income | 75 | €12 | €433 | +€422 | +3644.1% |
| Financial charges | 65/66B | €1,812 | €1,767 | -€45 | -2.5% |
| Recurring financial charges | 65 | €1,812 | €1,767 | -€45 | -2.5% |
| Profit (loss) for the period before taxes | 9903 | -€5,081 | -€292 | +€4,789 | +94.2% |
| Profit (loss) for the period | 9904 | -€5,081 | -€292 | +€4,789 | +94.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,081 | -€292 | +€4,789 | +94.2% |
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 8 October 2026 via checked.be.