Elitech: 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.
Elitech
Largest movements
- Receivables within one year +€74,540
up €74,540 (+49.3%), from €151,187 to €225,727
of which Other amounts receivable: +€72,327
- Cash +€3,598
up €3,598 (+107.2%), from €3,356 to €6,953
mainly Net result for the year (+€68,731) and Tax, wage and social debts (+€6,440)
- Reserves +€69,500
up €69,500 (+58.4%), from €119,000 to €188,500
- Tax, wage and social debts +€6,440
up €6,440 (+15.9%), from €40,386 to €46,826
of which Taxes: +€15,748
- Trade debts +€4,080
up €4,080, from €0 to €4,080
- Gross operating margin +€52,032
up €52,032 (+56.3%), from €92,351 to €144,384
- Staff costs +€51,639
up €51,639 (+537.4%), from €9,610 to €61,249
- Financial income +€6,451
up €6,451 (+129.6%), from €4,978 to €11,429
- Depreciation +€2,263
up €2,263 (+117.3%), from €1,930 to €4,192
- Taxes +€1,540
up €1,540 (+8.4%), from €18,275 to €19,815
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 | €162,349 | €241,600 | +€79,251 | +48.8% |
| Fixed assets | 21/28 | €7,574 | €8,382 | +€808 | +10.7% |
| Tangible fixed assets | 22/27 | €7,574 | €8,382 | +€808 | +10.7% |
| Furniture and vehicles | 24 | €7,574 | €8,382 | +€808 | +10.7% |
| Current assets | 29/58 | €154,775 | €233,218 | +€78,443 | +50.7% |
| Amounts receivable within one year | 40/41 | €151,187 | €225,727 | +€74,540 | +49.3% |
| Trade receivables | 40 | €19,681 | €21,894 | +€2,213 | +11.2% |
| Other amounts receivable | 41 | €131,506 | €203,832 | +€72,327 | +55.0% |
| Cash at bank and in hand | 54/58 | €3,356 | €6,953 | +€3,598 | +107.2% |
| Deferred charges and accrued income | 490/1 | €232 | €538 | +€306 | +131.7% |
| Total equity and liabilities | 10/49 | €162,349 | €241,600 | +€79,251 | +48.8% |
| Equity | 10/15 | €121,963 | €190,694 | +€68,731 | +56.4% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €119,000 | €188,500 | +€69,500 | +58.4% |
| Distributable reserves | 133 | €119,000 | €188,500 | +€69,500 | +58.4% |
| Profit (loss) carried forward | 14 | €963 | €194 | -€769 | -79.8% |
| Amounts payable | 17/49 | €40,386 | €50,906 | +€10,520 | +26.0% |
| Amounts payable within one year | 42/48 | €40,386 | €50,906 | +€10,520 | +26.0% |
| Trade debts | 44 | €0 | €4,080 | +€4,080 | |
| Suppliers | 440/4 | €0 | €4,080 | +€4,080 | |
| Taxes, remuneration and social security | 45 | €40,386 | €46,826 | +€6,440 | +15.9% |
| Taxes | 450/3 | €25,025 | €40,773 | +€15,748 | +62.9% |
| Remuneration and social security | 454/9 | €15,361 | €6,053 | -€9,308 | -60.6% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €9,610 | €61,249 | +€51,639 | +537.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,930 | €4,192 | +€2,263 | +117.3% |
| Other operating charges | 640/8 | €479 | €957 | +€478 | +99.8% |
| Non-recurring operating charges | 66A | €1,245 | €0 | -€1,245 | -100.0% |
| Gross operating margin | 9900 | €92,351 | €144,384 | +€52,032 | +56.3% |
| Operating profit (loss) | 9901 | €79,087 | €77,985 | -€1,102 | -1.4% |
| Financial income | 75/76B | €4,978 | €11,429 | +€6,451 | +129.6% |
| Recurring financial income | 75 | €4,978 | €11,429 | +€6,451 | +129.6% |
| Financial charges | 65/66B | -€109 | €868 | +€978 | |
| Recurring financial charges | 65 | -€109 | €868 | +€978 | |
| Profit (loss) for the period before taxes | 9903 | €84,174 | €88,546 | +€4,372 | +5.2% |
| Income taxes | 67/77 | €18,275 | €19,815 | +€1,540 | +8.4% |
| Profit (loss) for the period | 9904 | €65,900 | €68,731 | +€2,831 | +4.3% |
| Profit (loss) for the period to be appropriated | 9905 | €65,900 | €68,731 | +€2,831 | +4.3% |
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.