ELITT: 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.
ELITT
Largest movements
- Tangible fixed assets +€7,667
new in 2021: €7,667
of which Other tangible fixed assets: +€7,034
- Cash +€5,427
up €5,427 (+70.1%), from €7,737 to €13,163
mainly Net result for the year (+€18,826) and Receivables within one year (+€1,186)
- Receivables within one year -€1,186
down €1,186 (-61.1%), from €1,942 to €756
- Deferred charges and accrued income +€428
new in 2021: €428
- Equity +€18,826
up €18,826, from -€6,014 to €12,812
of which Profit (loss) carried forward: +€18,826
- Debts within one year -€6,491
down €6,491 (-33.8%), from €19,193 to €12,702
- Gross operating margin +€9,024
up €9,024 (+42.5%), from €21,235 to €30,259
- Staff costs +€8,430
new in 2021: €8,430
- Other operating charges +€2,213
new in 2021: €2,213
- Depreciation +€533
new in 2021: €533
From the 2020 result to the 2021 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 2020 and 2021 balance sheets and the 2021 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2020 | 2021 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €13,179 | €25,514 | +€12,335 | +93.6% |
| Fixed assets | 21/28 | - | €7,667 | +€7,667 | |
| Tangible fixed assets | 22/27 | - | €7,667 | +€7,667 | |
| Furniture and vehicles | 24 | - | €633 | +€633 | |
| Other tangible fixed assets | 26 | - | €7,034 | +€7,034 | |
| Current assets | 29/58 | €13,179 | €17,847 | +€4,668 | +35.4% |
| Stocks and contracts in progress | 3 | €3,500 | €3,500 | = | 0.0% |
| Stocks | 30/36 | - | €3,500 | +€3,500 | |
| Amounts receivable within one year | 40/41 | €1,942 | €756 | -€1,186 | -61.1% |
| Trade receivables | 40 | - | €756 | +€756 | |
| Cash at bank and in hand | 54/58 | €7,737 | €13,163 | +€5,427 | +70.1% |
| Deferred charges and accrued income | 490/1 | - | €428 | +€428 | |
| Total equity and liabilities | 10/49 | €13,179 | €25,514 | +€12,335 | +93.6% |
| Equity | 10/15 | -€6,014 | €12,812 | +€18,826 | |
| Contributions | 10/11 | - | €6,200 | +€6,200 | |
| Profit (loss) carried forward | 14 | -€12,214 | €6,612 | +€18,826 | |
| Amounts payable | 17/49 | €19,193 | €12,702 | -€6,491 | -33.8% |
| Amounts payable within one year | 42/48 | €19,193 | €12,702 | -€6,491 | -33.8% |
| Trade debts | 44 | €6,721 | €4,439 | -€2,282 | -34.0% |
| Suppliers | 440/4 | - | €4,439 | +€4,439 | |
| Taxes, remuneration and social security | 45 | - | €2,212 | +€2,212 | |
| Taxes | 450/3 | - | €912 | +€912 | |
| Remuneration and social security | 454/9 | - | €1,300 | +€1,300 | |
| Other amounts payable | 47/48 | - | €6,050 | +€6,050 | |
| Remuneration, social security and pensions | 62 | - | €8,430 | +€8,430 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €533 | +€533 | |
| Other operating charges | 640/8 | - | €2,213 | +€2,213 | |
| Gross operating margin | 9900 | €21,235 | €30,259 | +€9,024 | +42.5% |
| Operating profit (loss) | 9901 | -€2,891 | €19,083 | +€21,974 | |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | - | €257 | +€257 | |
| Recurring financial charges | 65 | €600 | €257 | -€343 | -57.2% |
| Profit (loss) for the period before taxes | 9903 | -€3,491 | €18,826 | +€22,317 | |
| Profit (loss) for the period | 9904 | -€3,491 | €18,826 | +€22,317 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,491 | €18,826 | +€22,317 |
Source: filed annual accounts (NBB), financial years ended 31 December 2020 and 31 December 2021. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.