ELKENHOF: 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.
ELKENHOF
Largest movements
- Receivables within one year +€82,214
up €82,214 (+371%), from €22,171 to €104,386
of which Trade receivables: +€62,948
- Stocks and contracts -€78,000
down €78,000 (-23.7%), from €329,500 to €251,500
- Tangible fixed assets -€53,184
down €53,184 (-15.7%), from €338,557 to €285,373
of which Leasing and similar rights: -€48,838
- Debts after one year -€63,675
down €63,675 (-20.2%), from €314,930 to €251,255
- Trade debts +€53,044
up €53,044 (+152%), from €35,005 to €88,049
- Other debts -€20,570
down €20,570 (-83.0%), from €24,770 to €4,200
- Current portion of long-term debt -€13,199
down €13,199 (-14.2%), from €93,171 to €79,972
- Gross operating margin -€22,310
down €22,310 (-17.2%), from €129,684 to €107,375
- Depreciation -€13,918
down €13,918 (-13.4%), from €104,163 to €90,245
- Financial charges -€5,160
down €5,160 (-28.9%), from €17,864 to €12,704
- Other operating charges -€4,048
down €4,048 (-32.5%), from €12,465 to €8,417
- Taxes +€2,557
up €2,557 (+4,117%), from €62 to €2,620
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.
Derived cash bridge
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 | €695,574 | €643,008 | -€52,565 | -7.6% |
| Fixed assets | 21/28 | €338,557 | €285,373 | -€53,184 | -15.7% |
| Tangible fixed assets | 22/27 | €338,557 | €285,373 | -€53,184 | -15.7% |
| Land and buildings | 22 | €11,961 | €9,470 | -€2,491 | -20.8% |
| Plant, machinery and equipment | 23 | €61,755 | €44,958 | -€16,797 | -27.2% |
| Furniture and vehicles | 24 | €65,195 | €75,564 | +€10,369 | +15.9% |
| Leasing and similar rights | 25 | €181,686 | €132,848 | -€48,838 | -26.9% |
| Other tangible fixed assets | 26 | €17,960 | €22,533 | +€4,573 | +25.5% |
| Current assets | 29/58 | €357,016 | €357,635 | +€619 | +0.2% |
| Stocks and contracts in progress | 3 | €329,500 | €251,500 | -€78,000 | -23.7% |
| Stocks | 30/36 | €329,500 | €251,500 | -€78,000 | -23.7% |
| Amounts receivable within one year | 40/41 | €22,171 | €104,386 | +€82,214 | +371% |
| Trade receivables | 40 | €18,126 | €81,074 | +€62,948 | +347% |
| Other amounts receivable | 41 | €4,045 | €23,312 | +€19,267 | +476% |
| Cash at bank and in hand | 54/58 | €32 | €1,750 | +€1,717 | +5,325% |
| Deferred charges and accrued income | 490/1 | €5,312 | - | -€5,312 | |
| Total equity and liabilities | 10/49 | €695,574 | €643,008 | -€52,565 | -7.6% |
| Equity | 10/15 | €117,491 | €115,155 | -€2,336 | -2.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €10,231 | €6,045 | -€4,185 | -40.9% |
| Tax-exempt reserves | 132 | €8,371 | €6,045 | -€2,325 | -27.8% |
| Distributable reserves | 133 | €1,860 | - | -€1,860 | |
| Profit (loss) carried forward | 14 | €88,660 | €90,509 | +€1,849 | +2.1% |
| Provisions and deferred taxes | 16 | €3,516 | €1,758 | -€1,758 | -50.0% |
| Deferred taxes | 168 | €3,516 | €1,758 | -€1,758 | -50.0% |
| Amounts payable | 17/49 | €574,566 | €526,095 | -€48,471 | -8.4% |
| Amounts payable after more than one year | 17 | €314,930 | €251,255 | -€63,675 | -20.2% |
| Financial debts | 170/4 | €314,930 | €251,255 | -€63,675 | -20.2% |
| Amounts payable within one year | 42/48 | €255,705 | €274,840 | +€19,135 | +7.5% |
| Current portion of amounts payable after more than one year | 42 | €93,171 | €79,972 | -€13,199 | -14.2% |
| Financial debts | 43 | €102,760 | €100,000 | -€2,760 | -2.7% |
| Credit institutions | 430/8 | €102,760 | €100,000 | -€2,760 | -2.7% |
| Trade debts | 44 | €35,005 | €88,049 | +€53,044 | +152% |
| Suppliers | 440/4 | €35,005 | €88,049 | +€53,044 | +152% |
| Taxes, remuneration and social security | 45 | - | €2,619 | +€2,619 | |
| Taxes | 450/3 | - | €2,619 | +€2,619 | |
| Other amounts payable | 47/48 | €24,770 | €4,200 | -€20,570 | -83.0% |
| Accrued charges and deferred income | 492/3 | €3,931 | - | -€3,931 | |
| Remuneration, social security and pensions | 62 | - | €132 | +€132 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €104,163 | €90,245 | -€13,918 | -13.4% |
| Other operating charges | 640/8 | €12,465 | €8,417 | -€4,048 | -32.5% |
| Gross operating margin | 9900 | €129,684 | €107,375 | -€22,310 | -17.2% |
| Operating profit (loss) | 9901 | €13,057 | €8,581 | -€4,476 | -34.3% |
| Financial income | 75/76B | €548 | €2,649 | +€2,101 | +383% |
| Recurring financial income | 75 | €548 | €109 | -€439 | -80.1% |
| Non-recurring financial income | 76B | - | €2,540 | +€2,540 | |
| Financial charges | 65/66B | €17,864 | €12,704 | -€5,160 | -28.9% |
| Recurring financial charges | 65 | €17,864 | €12,704 | -€5,160 | -28.9% |
| Profit (loss) for the period before taxes | 9903 | -€4,259 | -€1,475 | +€2,784 | +65.4% |
| Transfer from deferred taxes | 780 | €1,758 | €1,758 | = | 0.0% |
| Income taxes | 67/77 | €62 | €2,620 | +€2,557 | +4,117% |
| Profit (loss) for the period | 9904 | -€2,563 | -€2,336 | +€227 | +8.9% |
| Transfer from tax-exempt reserves | 789 | €4,185 | €4,185 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €1,622 | €1,849 | +€227 | +14.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.