ELISAB: 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.
ELISAB
Largest movements
- Receivables within one year +€38,699
up €38,699 (+23.4%), from €165,430 to €204,130
of which Trade receivables: +€38,440
- Tangible fixed assets -€9,779
down €9,779 (-2.8%), from €349,606 to €339,827
- Profit (loss) carried forward +€30,245
new in 2024: €30,245
- Tax, wage and social debts +€25,386
up €25,386 (+65.3%), from €38,900 to €64,286
- Debts after one year -€21,205
down €21,205 (-7.5%), from €281,779 to €260,573
- Trade debts -€5,967
down €5,967 (-65.4%), from €9,126 to €3,158
- Gross operating margin -€45,692
down €45,692 (-43.1%), from €105,934 to €60,242
- Taxes -€4,926
down €4,926 (-25.6%), from €19,213 to €14,286
- Other operating charges -€2,620
no longer reported in 2024 (was €2,620)
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 | €516,994 | €545,561 | +€28,566 | +5.5% |
| Formation expenses | 20 | €1,613 | - | -€1,613 | |
| Fixed assets | 21/28 | €349,606 | €339,827 | -€9,779 | -2.8% |
| Tangible fixed assets | 22/27 | €349,606 | €339,827 | -€9,779 | -2.8% |
| Land and buildings | 22 | €349,606 | €339,827 | -€9,779 | -2.8% |
| Current assets | 29/58 | €165,776 | €205,734 | +€39,958 | +24.1% |
| Amounts receivable within one year | 40/41 | €165,430 | €204,130 | +€38,699 | +23.4% |
| Trade receivables | 40 | €165,430 | €203,870 | +€38,440 | +23.2% |
| Other amounts receivable | 41 | - | €260 | +€260 | |
| Cash at bank and in hand | 54/58 | €345 | €1,604 | +€1,259 | +364.5% |
| Total equity and liabilities | 10/49 | €516,994 | €545,561 | +€28,566 | +5.5% |
| Equity | 10/15 | €66,092 | €96,337 | +€30,245 | +45.8% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €63,092 | €63,092 | = | 0.0% |
| Distributable reserves | 133 | €63,092 | €63,092 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €30,245 | +€30,245 | |
| Amounts payable | 17/49 | €450,902 | €449,224 | -€1,679 | -0.4% |
| Amounts payable after more than one year | 17 | €281,779 | €260,573 | -€21,205 | -7.5% |
| Financial debts | 170/4 | €281,779 | €260,573 | -€21,205 | -7.5% |
| Amounts payable within one year | 42/48 | €169,123 | €188,650 | +€19,527 | +11.5% |
| Current portion of amounts payable after more than one year | 42 | €20,932 | €21,205 | +€273 | +1.3% |
| Trade debts | 44 | €9,126 | €3,158 | -€5,967 | -65.4% |
| Suppliers | 440/4 | €9,126 | €3,158 | -€5,967 | -65.4% |
| Taxes, remuneration and social security | 45 | €38,900 | €64,286 | +€25,386 | +65.3% |
| Taxes | 450/3 | €38,900 | €64,286 | +€25,386 | +65.3% |
| Other amounts payable | 47/48 | €100,165 | €100,000 | -€165 | -0.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,655 | €11,392 | -€263 | -2.3% |
| Other operating charges | 640/8 | €2,620 | - | -€2,620 | |
| Gross operating margin | 9900 | €105,934 | €60,242 | -€45,692 | -43.1% |
| Operating profit (loss) | 9901 | €91,659 | €48,850 | -€42,809 | -46.7% |
| Financial income | 75/76B | €184 | - | -€184 | |
| Recurring financial income | 75 | €184 | - | -€184 | |
| Financial charges | 65/66B | €4,146 | €4,319 | +€173 | +4.2% |
| Recurring financial charges | 65 | €4,146 | €4,319 | +€173 | +4.2% |
| Profit (loss) for the period before taxes | 9903 | €87,697 | €44,531 | -€43,165 | -49.2% |
| Income taxes | 67/77 | €19,213 | €14,286 | -€4,926 | -25.6% |
| Profit (loss) for the period | 9904 | €68,484 | €30,245 | -€38,239 | -55.8% |
| Profit (loss) for the period to be appropriated | 9905 | €68,484 | €30,245 | -€38,239 | -55.8% |
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.