ELITE: 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.
ELITE
Largest movements
- Financial fixed assets +€5,400
new in 2024: €5,400
- Receivables within one year -€4,851
down €4,851 (-39.2%), from €12,361 to €7,510
of which Trade receivables: -€4,888
- Cash -€2,852
down €2,852 (-99.8%), from €2,858 to €7
mainly Net result for the year (-€9,261) and Investment in fixed assets (net) (-€5,400)
- Tangible fixed assets -€896
down €896 (-18.4%), from €4,867 to €3,971
of which Plant, machinery and equipment: -€572
- Intangible fixed assets -€552
down €552 (-44.6%), from €1,238 to €686
- Profit (loss) carried forward -€9,261
down €9,261 (-85.0%), from -€10,897 to -€20,158
- Other debts +€7,614
up €7,614 (+96.6%), from €7,881 to €15,495
- Trade debts -€1,584
down €1,584 (-7.7%), from €20,584 to €19,000
- Tax, wage and social debts -€519
down €519 (-68.7%), from €756 to €237
of which Remuneration and social security: -€660
- Purchases and services -€20,809
down €20,809 (-59.0%), from €35,281 to €14,472
- Turnover -€11,690
down €11,690 (-63.6%), from €18,384 to €6,694
- Staff costs -€4,501
down €4,501, from €4,111 to -€391
- Gross operating margin -€3,275
down €3,275 (-66.9%), from -€4,894 to -€8,169
- Other operating charges -€739
no longer reported in 2024 (was €739)
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 | €21,324 | €17,574 | -€3,750 | -17.6% |
| Fixed assets | 21/28 | €6,105 | €10,057 | +€3,952 | +64.7% |
| Intangible fixed assets | 21 | €1,238 | €686 | -€552 | -44.6% |
| Tangible fixed assets | 22/27 | €4,867 | €3,971 | -€896 | -18.4% |
| Plant, machinery and equipment | 23 | €1,826 | €1,254 | -€572 | -31.3% |
| Furniture and vehicles | 24 | €1,156 | €1,031 | -€125 | -10.8% |
| Other tangible fixed assets | 26 | €1,885 | €1,686 | -€199 | -10.5% |
| Financial fixed assets | 28 | - | €5,400 | +€5,400 | |
| Current assets | 29/58 | €15,219 | €7,517 | -€7,703 | -50.6% |
| Amounts receivable within one year | 40/41 | €12,361 | €7,510 | -€4,851 | -39.2% |
| Trade receivables | 40 | €12,361 | €7,473 | -€4,888 | -39.5% |
| Other amounts receivable | 41 | - | €37 | +€37 | |
| Cash at bank and in hand | 54/58 | €2,858 | €7 | -€2,852 | -99.8% |
| Total equity and liabilities | 10/49 | €21,324 | €17,574 | -€3,750 | -17.6% |
| Equity | 10/15 | -€7,897 | -€17,158 | -€9,261 | -117.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€10,897 | -€20,158 | -€9,261 | -85.0% |
| Amounts payable | 17/49 | €29,222 | €34,733 | +€5,511 | +18.9% |
| Amounts payable within one year | 42/48 | €29,222 | €34,733 | +€5,511 | +18.9% |
| Trade debts | 44 | €20,584 | €19,000 | -€1,584 | -7.7% |
| Suppliers | 440/4 | €20,584 | €19,000 | -€1,584 | -7.7% |
| Taxes, remuneration and social security | 45 | €756 | €237 | -€519 | -68.7% |
| Taxes | 450/3 | - | €141 | +€141 | |
| Remuneration and social security | 454/9 | €756 | €96 | -€660 | -87.3% |
| Other amounts payable | 47/48 | €7,881 | €15,495 | +€7,614 | +96.6% |
| Turnover | 70 | €18,384 | €6,694 | -€11,690 | -63.6% |
| Goods, raw materials, services and sundry goods | 60/61 | €35,281 | €14,472 | -€20,809 | -59.0% |
| Remuneration, social security and pensions | 62 | €4,111 | -€391 | -€4,501 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €985 | €1,448 | +€463 | +47.0% |
| Other operating charges | 640/8 | €739 | - | -€739 | |
| Gross operating margin | 9900 | -€4,894 | -€8,169 | -€3,275 | -66.9% |
| Operating profit (loss) | 9901 | -€10,728 | -€9,226 | +€1,502 | +14.0% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €169 | €35 | -€134 | -79.2% |
| Recurring financial charges | 65 | €169 | €35 | -€134 | -79.2% |
| Profit (loss) for the period before taxes | 9903 | -€10,897 | -€9,261 | +€1,636 | +15.0% |
| Profit (loss) for the period | 9904 | -€10,897 | -€9,261 | +€1,636 | +15.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€10,897 | -€9,261 | +€1,636 | +15.0% |
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 30 September 2026 via checked.be.