ELIXIR: 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.
ELIXIR
Largest movements
- Stocks and contracts -€33,350
down €33,350 (-29.0%), from €115,015 to €81,665
- Receivables within one year -€21,002
down €21,002 (-9.5%), from €221,729 to €200,726
of which Trade receivables: -€37,748
- Tangible fixed assets -€16,432
down €16,432 (-28.2%), from €58,345 to €41,913
of which Other tangible fixed assets: -€16,033
- Cash -€10,954
down €10,954 (-26.3%), from €41,605 to €30,652
mainly Trade debts (-€71,333) and Other debts (-€17,025)
- Trade debts -€71,333
down €71,333 (-54.4%), from €131,140 to €59,806
- Advances received +€25,000
new in 2024: €25,000
- Other debts -€17,025
down €17,025 (-42.8%), from €39,797 to €22,772
- Debts after one year -€14,643
down €14,643 (-34.4%), from €42,615 to €27,971
of which Financial debts: -€14,643
- Tax, wage and social debts -€8,941
down €8,941 (-31.3%), from €28,560 to €19,619
- Taxes +€6,463
up €6,463, from -€1,043 to €5,420
- Gross operating margin +€5,099
up €5,099 (+19.6%), from €25,964 to €31,063
- Other operating charges -€898
down €898 (-31.0%), from €2,896 to €1,998
- Financial income -€587
down €587 (-84.2%), from €697 to €110
- Financial charges -€439
down €439 (-13.3%), from €3,310 to €2,871
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 | €439,759 | €357,559 | -€82,201 | -18.7% |
| Fixed assets | 21/28 | €59,395 | €42,963 | -€16,432 | -27.7% |
| Tangible fixed assets | 22/27 | €58,345 | €41,913 | -€16,432 | -28.2% |
| Plant, machinery and equipment | 23 | €3,240 | €803 | -€2,438 | -75.2% |
| Furniture and vehicles | 24 | €4,738 | €6,777 | +€2,038 | +43.0% |
| Other tangible fixed assets | 26 | €50,367 | €34,334 | -€16,033 | -31.8% |
| Financial fixed assets | 28 | €1,050 | €1,050 | = | 0.0% |
| Current assets | 29/58 | €380,364 | €314,595 | -€65,769 | -17.3% |
| Stocks and contracts in progress | 3 | €115,015 | €81,665 | -€33,350 | -29.0% |
| Stocks | 30/36 | €115,015 | €81,665 | -€33,350 | -29.0% |
| Amounts receivable within one year | 40/41 | €221,729 | €200,726 | -€21,002 | -9.5% |
| Trade receivables | 40 | €186,041 | €148,293 | -€37,748 | -20.3% |
| Other amounts receivable | 41 | €35,688 | €52,433 | +€16,745 | +46.9% |
| Cash at bank and in hand | 54/58 | €41,605 | €30,652 | -€10,954 | -26.3% |
| Deferred charges and accrued income | 490/1 | €2,015 | €1,552 | -€463 | -23.0% |
| Total equity and liabilities | 10/49 | €439,759 | €357,559 | -€82,201 | -18.7% |
| Equity | 10/15 | €183,042 | €183,755 | +€714 | +0.4% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €176,844 | €177,558 | +€714 | +0.4% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €172,985 | €173,699 | +€714 | +0.4% |
| Amounts payable | 17/49 | €256,718 | €173,803 | -€82,915 | -32.3% |
| Amounts payable after more than one year | 17 | €42,615 | €27,971 | -€14,643 | -34.4% |
| Financial debts | 170/4 | €34,514 | €19,871 | -€14,643 | -42.4% |
| Other amounts payable | 178/9 | €8,101 | €8,101 | = | 0.0% |
| Amounts payable within one year | 42/48 | €213,920 | €145,644 | -€68,275 | -31.9% |
| Current portion of amounts payable after more than one year | 42 | €14,423 | €14,643 | +€219 | +1.5% |
| Financial debts | 43 | - | €3,805 | +€3,805 | |
| Credit institutions | 430/8 | - | €3,805 | +€3,805 | |
| Trade debts | 44 | €131,140 | €59,806 | -€71,333 | -54.4% |
| Suppliers | 440/4 | €131,140 | €59,806 | -€71,333 | -54.4% |
| Advances received on contracts in progress | 46 | - | €25,000 | +€25,000 | |
| Taxes, remuneration and social security | 45 | €28,560 | €19,619 | -€8,941 | -31.3% |
| Taxes | 450/3 | €28,560 | €19,619 | -€8,941 | -31.3% |
| Other amounts payable | 47/48 | €39,797 | €22,772 | -€17,025 | -42.8% |
| Accrued charges and deferred income | 492/3 | €183 | €187 | +€4 | +2.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,967 | €20,170 | +€203 | +1.0% |
| Other operating charges | 640/8 | €2,896 | €1,998 | -€898 | -31.0% |
| Gross operating margin | 9900 | €25,964 | €31,063 | +€5,099 | +19.6% |
| Operating profit (loss) | 9901 | €3,101 | €8,895 | +€5,794 | +186.8% |
| Financial income | 75/76B | €697 | €110 | -€587 | -84.2% |
| Recurring financial income | 75 | €697 | €110 | -€587 | -84.2% |
| Financial charges | 65/66B | €3,310 | €2,871 | -€439 | -13.3% |
| Recurring financial charges | 65 | €3,310 | €2,871 | -€439 | -13.3% |
| Profit (loss) for the period before taxes | 9903 | €488 | €6,134 | +€5,646 | +1157.9% |
| Income taxes | 67/77 | -€1,043 | €5,420 | +€6,463 | |
| Profit (loss) for the period | 9904 | €1,530 | €714 | -€817 | -53.4% |
| Profit (loss) for the period to be appropriated | 9905 | €1,530 | €714 | -€817 | -53.4% |
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 29 September 2026 via checked.be.