ELKO: 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.
ELKO
Largest movements
- Tangible fixed assets -€37,411
down €37,411 (-99.1%), from €37,737 to €325
- Receivables within one year -€9,783
down €9,783 (-75.2%), from €13,004 to €3,221
of which Trade receivables: -€10,104
- Cash -€4,326
down €4,326 (-5.3%), from €82,019 to €77,693
mainly Current portion of long-term debt (-€13,941) and Other debts (-€12,853)
- Current portion of long-term debt -€13,941
no longer reported in 2024 (was €13,941)
- Other debts -€12,853
down €12,853 (-99.5%), from €12,923 to €70
- Profit (loss) carried forward -€9,259
new in 2024: -€9,259
- Tax, wage and social debts -€9,066
down €9,066 (-47.4%), from €19,137 to €10,071
- Trade debts -€5,021
down €5,021 (-73.2%), from €6,862 to €1,841
- Purchases and services -€98,353
down €98,353 (-86.3%), from €113,928 to €15,575
- Gross operating margin -€61,632
down €61,632, from €60,917 to -€714
- Depreciation -€13,886
down €13,886 (-91.2%), from €15,219 to €1,333
- Taxes -€9,985
no longer reported in 2024 (was €9,985)
- Financial charges -€4,770
down €4,770 (-84.8%), from €5,623 to €853
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 | €133,226 | €81,377 | -€51,850 | -38.9% |
| Fixed assets | 21/28 | €37,737 | €325 | -€37,411 | -99.1% |
| Tangible fixed assets | 22/27 | €37,737 | €325 | -€37,411 | -99.1% |
| Furniture and vehicles | 24 | €37,737 | €325 | -€37,411 | -99.1% |
| Current assets | 29/58 | €95,490 | €81,051 | -€14,438 | -15.1% |
| Amounts receivable within one year | 40/41 | €13,004 | €3,221 | -€9,783 | -75.2% |
| Trade receivables | 40 | €10,709 | €605 | -€10,104 | -94.4% |
| Other amounts receivable | 41 | €2,295 | €2,616 | +€321 | +14.0% |
| Cash at bank and in hand | 54/58 | €82,019 | €77,693 | -€4,326 | -5.3% |
| Deferred charges and accrued income | 490/1 | €467 | €137 | -€329 | -70.6% |
| Total equity and liabilities | 10/49 | €133,226 | €81,377 | -€51,850 | -38.9% |
| Equity | 10/15 | €80,363 | €69,395 | -€10,968 | -13.6% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Outside capital | 11 | €18,592 | €18,592 | = | 0.0% |
| Other | 1109/19 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €61,771 | €60,062 | -€1,709 | -2.8% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €59,912 | €58,203 | -€1,709 | -2.9% |
| Profit (loss) carried forward | 14 | - | -€9,259 | -€9,259 | |
| Amounts payable | 17/49 | €52,863 | €11,982 | -€40,882 | -77.3% |
| Amounts payable within one year | 42/48 | €52,863 | €11,982 | -€40,882 | -77.3% |
| Current portion of amounts payable after more than one year | 42 | €13,941 | - | -€13,941 | |
| Trade debts | 44 | €6,862 | €1,841 | -€5,021 | -73.2% |
| Suppliers | 440/4 | €6,862 | €1,841 | -€5,021 | -73.2% |
| Taxes, remuneration and social security | 45 | €19,137 | €10,071 | -€9,066 | -47.4% |
| Taxes | 450/3 | €19,137 | €10,071 | -€9,066 | -47.4% |
| Other amounts payable | 47/48 | €12,923 | €70 | -€12,853 | -99.5% |
| Non-recurring operating income | 76A | €5,500 | - | -€5,500 | |
| Goods, raw materials, services and sundry goods | 60/61 | €113,928 | €15,575 | -€98,353 | -86.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,219 | €1,333 | -€13,886 | -91.2% |
| Other operating charges | 640/8 | €182 | €335 | +€153 | +84.1% |
| Non-recurring operating charges | 66A | - | €6,078 | +€6,078 | |
| Gross operating margin | 9900 | €60,917 | -€714 | -€61,632 | |
| Operating profit (loss) | 9901 | €45,517 | -€8,460 | -€53,977 | |
| Financial income | 75/76B | €244 | €55 | -€189 | -77.4% |
| Recurring financial income | 75 | €244 | €55 | -€189 | -77.4% |
| Financial charges | 65/66B | €5,623 | €853 | -€4,770 | -84.8% |
| Recurring financial charges | 65 | €5,623 | €853 | -€4,770 | -84.8% |
| Profit (loss) for the period before taxes | 9903 | €40,137 | -€9,259 | -€49,395 | |
| Income taxes | 67/77 | €9,985 | - | -€9,985 | |
| Profit (loss) for the period | 9904 | €30,151 | -€9,259 | -€39,410 | |
| Profit (loss) for the period to be appropriated | 9905 | €30,151 | -€9,259 | -€39,410 |
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 3 October 2026 via checked.be.