ELITAM: 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.
ELITAM
Largest movements
- Receivables within one year +€94,612
up €94,612 (+31.5%), from €300,826 to €395,439
of which Trade receivables: +€94,380
- Tangible fixed assets -€22,888
down €22,888 (-4.5%), from €505,077 to €482,189
- Cash +€14,103
up €14,103 (+155%), from €9,123 to €23,226
mainly Other debts (+€122,832) and Depreciation (+€40,786)
- Deferred charges and accrued income +€12,538
up €12,538 (+11.2%), from €111,518 to €124,056
- Other debts +€122,832
up €122,832 (+25.5%), from €482,056 to €604,887
- Debts after one year -€30,567
down €30,567 (-33.9%), from €90,291 to €59,724
- Profit (loss) carried forward +€23,702
up €23,702 (+9.9%), from €240,485 to €264,186
- Trade debts -€13,532
down €13,532 (-69.8%), from €19,399 to €5,867
- Current portion of long-term debt -€10,620
down €10,620 (-25.8%), from €41,187 to €30,567
- Gross operating margin +€29,579
up €29,579 (+49.2%), from €60,130 to €89,709
- Financial charges +€10,194
up €10,194 (+248%), from €4,109 to €14,303
- Depreciation +€6,066
up €6,066 (+17.5%), from €34,720 to €40,786
- Taxes +€3,100
up €3,100 (+54.4%), from €5,701 to €8,800
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €926,544 | €1,024,910 | +€98,366 | +10.6% |
| Fixed assets | 21/28 | €505,077 | €482,189 | -€22,888 | -4.5% |
| Tangible fixed assets | 22/27 | €505,077 | €482,189 | -€22,888 | -4.5% |
| Land and buildings | 22 | €505,077 | €482,189 | -€22,888 | -4.5% |
| Current assets | 29/58 | €421,467 | €542,721 | +€121,254 | +28.8% |
| Amounts receivable within one year | 40/41 | €300,826 | €395,439 | +€94,612 | +31.5% |
| Trade receivables | 40 | €297,508 | €391,888 | +€94,380 | +31.7% |
| Other amounts receivable | 41 | €3,318 | €3,550 | +€232 | +7.0% |
| Cash at bank and in hand | 54/58 | €9,123 | €23,226 | +€14,103 | +155% |
| Deferred charges and accrued income | 490/1 | €111,518 | €124,056 | +€12,538 | +11.2% |
| Total equity and liabilities | 10/49 | €926,544 | €1,024,910 | +€98,366 | +10.6% |
| Equity | 10/15 | €260,945 | €284,646 | +€23,702 | +9.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €240,485 | €264,186 | +€23,702 | +9.9% |
| Amounts payable | 17/49 | €665,599 | €740,264 | +€74,665 | +11.2% |
| Amounts payable after more than one year | 17 | €90,291 | €59,724 | -€30,567 | -33.9% |
| Financial debts | 170/4 | €90,291 | €59,724 | -€30,567 | -33.9% |
| Amounts payable within one year | 42/48 | €560,611 | €665,843 | +€105,232 | +18.8% |
| Current portion of amounts payable after more than one year | 42 | €41,187 | €30,567 | -€10,620 | -25.8% |
| Trade debts | 44 | €19,399 | €5,867 | -€13,532 | -69.8% |
| Suppliers | 440/4 | €19,399 | €5,867 | -€13,532 | -69.8% |
| Taxes, remuneration and social security | 45 | €17,969 | €24,521 | +€6,552 | +36.5% |
| Taxes | 450/3 | €17,969 | €24,521 | +€6,552 | +36.5% |
| Other amounts payable | 47/48 | €482,056 | €604,887 | +€122,832 | +25.5% |
| Accrued charges and deferred income | 492/3 | €14,697 | €14,697 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,720 | €40,786 | +€6,066 | +17.5% |
| Other operating charges | 640/8 | €2,844 | €2,118 | -€726 | -25.5% |
| Gross operating margin | 9900 | €60,130 | €89,709 | +€29,579 | +49.2% |
| Operating profit (loss) | 9901 | €22,566 | €46,805 | +€24,239 | +107% |
| Financial charges | 65/66B | €4,109 | €14,303 | +€10,194 | +248% |
| Recurring financial charges | 65 | €4,109 | €14,303 | +€10,194 | +248% |
| Profit (loss) for the period before taxes | 9903 | €18,457 | €32,502 | +€14,045 | +76.1% |
| Income taxes | 67/77 | €5,701 | €8,800 | +€3,100 | +54.4% |
| Profit (loss) for the period | 9904 | €12,757 | €23,702 | +€10,945 | +85.8% |
| Profit (loss) for the period to be appropriated | 9905 | €12,757 | €23,702 | +€10,945 | +85.8% |
Source: filed annual accounts (NBB), financial years ended 30 September 2022 and 30 September 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.