Elixir Solutions: 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 Solutions
Largest movements
- Receivables within one year +€379,841
up €379,841 (+28.1%), from €1.4m to €1.7m
of which Trade receivables: +€394,569
- Tangible fixed assets +€202,042
up €202,042 (+96.8%), from €208,687 to €410,730
of which Furniture and vehicles: +€112,802
- Financial fixed assets +€119,624
up €119,624 (+28.3%), from €421,985 to €541,610
- Current investments -€69,999
down €69,999 (-30.2%), from €231,649 to €161,650
- Deferred charges and accrued income -€31,613
down €31,613 (-39.5%), from €80,094 to €48,481
- Reserves +€353,652
up €353,652 (+16.5%), from €2.1m to €2.5m
of which Distributable reserves: +€395,752
- Trade debts +€145,908
up €145,908 (+214.6%), from €67,983 to €213,890
- Accrued charges and deferred income +€67,184
new in 2024: €67,184
- Tax, wage and social debts +€51,628
up €51,628 (+44.2%), from €116,882 to €168,510
of which Remuneration and social security: +€26,129
- Staff costs +€231,523
up €231,523 (+26.2%), from €884,904 to €1.1m
- Gross operating margin +€220,658
up €220,658 (+15.3%), from €1.4m to €1.7m
- Financial income +€29,850
up €29,850 (+70.7%), from €42,244 to €72,094
- Taxes +€29,623
up €29,623 (+23.5%), from €126,101 to €155,724
- Depreciation +€24,820
up €24,820 (+51.0%), from €48,636 to €73,456
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 | €2,482,261 | €3,086,350 | +€604,089 | +24.3% |
| Fixed assets | 21/28 | €647,047 | €994,955 | +€347,908 | +53.8% |
| Intangible fixed assets | 21 | €16,374 | €42,615 | +€26,241 | +160.3% |
| Tangible fixed assets | 22/27 | €208,687 | €410,730 | +€202,042 | +96.8% |
| Land and buildings | 22 | €120,390 | €205,043 | +€84,654 | +70.3% |
| Furniture and vehicles | 24 | €88,298 | €201,099 | +€112,802 | +127.8% |
| Other tangible fixed assets | 26 | - | €4,587 | +€4,587 | |
| Financial fixed assets | 28 | €421,985 | €541,610 | +€119,624 | +28.3% |
| Current assets | 29/58 | €1,835,214 | €2,091,395 | +€256,181 | +14.0% |
| Amounts receivable within one year | 40/41 | €1,351,152 | €1,730,993 | +€379,841 | +28.1% |
| Trade receivables | 40 | €664,483 | €1,059,053 | +€394,569 | +59.4% |
| Other amounts receivable | 41 | €686,669 | €671,940 | -€14,728 | -2.1% |
| Current investments | 50/53 | €231,649 | €161,650 | -€69,999 | -30.2% |
| Cash at bank and in hand | 54/58 | €172,319 | €150,271 | -€22,048 | -12.8% |
| Deferred charges and accrued income | 490/1 | €80,094 | €48,481 | -€31,613 | -39.5% |
| Total equity and liabilities | 10/49 | €2,482,261 | €3,086,350 | +€604,089 | +24.3% |
| Equity | 10/15 | €2,166,859 | €2,520,511 | +€353,652 | +16.3% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €2,146,859 | €2,500,511 | +€353,652 | +16.5% |
| Non-distributable reserves | 130/1 | €161,650 | €161,650 | = | 0.0% |
| Own shares acquired | 1312 | €161,650 | €161,650 | = | 0.0% |
| Tax-exempt reserves | 132 | €252,712 | €210,612 | -€42,100 | -16.7% |
| Distributable reserves | 133 | €1,732,497 | €2,128,249 | +€395,752 | +22.8% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €315,402 | €565,839 | +€250,436 | +79.4% |
| Amounts payable after more than one year | 17 | €95,583 | €88,141 | -€7,442 | -7.8% |
| Financial debts | 170/4 | €95,583 | €88,141 | -€7,442 | -7.8% |
| Amounts payable within one year | 42/48 | €219,819 | €410,514 | +€190,695 | +86.8% |
| Current portion of amounts payable after more than one year | 42 | €7,362 | €7,442 | +€81 | +1.1% |
| Trade debts | 44 | €67,983 | €213,890 | +€145,908 | +214.6% |
| Suppliers | 440/4 | €67,983 | €213,890 | +€145,908 | +214.6% |
| Taxes, remuneration and social security | 45 | €116,882 | €168,510 | +€51,628 | +44.2% |
| Taxes | 450/3 | €48,125 | €73,623 | +€25,498 | +53.0% |
| Remuneration and social security | 454/9 | €68,757 | €94,887 | +€26,129 | +38.0% |
| Other amounts payable | 47/48 | €27,593 | €20,672 | -€6,921 | -25.1% |
| Accrued charges and deferred income | 492/3 | - | €67,184 | +€67,184 | |
| Remuneration, social security and pensions | 62 | €884,904 | €1,116,427 | +€231,523 | +26.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,636 | €73,456 | +€24,820 | +51.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €7,000 | +€7,000 | |
| Other operating charges | 640/8 | €13,594 | €14,641 | +€1,048 | +7.7% |
| Gross operating margin | 9900 | €1,437,949 | €1,658,607 | +€220,658 | +15.3% |
| Operating profit (loss) | 9901 | €490,814 | €447,082 | -€43,733 | -8.9% |
| Financial income | 75/76B | €42,244 | €72,094 | +€29,850 | +70.7% |
| Recurring financial income | 75 | €42,244 | €72,094 | +€29,850 | +70.7% |
| Financial charges | 65/66B | €17,461 | €9,800 | -€7,661 | -43.9% |
| Recurring financial charges | 65 | €17,461 | €9,800 | -€7,661 | -43.9% |
| Profit (loss) for the period before taxes | 9903 | €515,598 | €509,376 | -€6,221 | -1.2% |
| Income taxes | 67/77 | €126,101 | €155,724 | +€29,623 | +23.5% |
| Profit (loss) for the period | 9904 | €389,496 | €353,652 | -€35,844 | -9.2% |
| Transfer from tax-exempt reserves | 789 | €35,600 | €0 | -€35,600 | -100.0% |
| Transfer to tax-exempt reserves | 689 | €84,200 | €84,200 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €340,896 | €269,452 | -€71,444 | -21.0% |
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 8 October 2026 via checked.be.