ELLAX GOLF: 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.
ELLAX GOLF
Largest movements
- Receivables within one year +€53,799
up €53,799 (+19.9%), from €270,430 to €324,229
of which Other amounts receivable: +€43,150
- Stocks and contracts -€33,000
down €33,000 (-61.1%), from €54,020 to €21,020
- Cash -€10,494
down €10,494 (-98.3%), from €10,671 to €176
mainly Receivables within one year (-€53,799) and Accrued charges and deferred income (-€2,947)
- Profit (loss) carried forward +€5,088
up €5,088 (+29.2%), from -€17,436 to -€12,348
- Trade debts +€4,442
up €4,442 (+6.4%), from €69,429 to €73,871
- Tax, wage and social debts +€3,722
up €3,722 (+1.8%), from €212,363 to €216,085
- Gross operating margin +€10,557
up €10,557 (+59,108%), from €18 to €10,575
- Taxes +€4,132
up €4,132 (+1,356%), from €305 to €4,437
- Financial charges -€3,249
down €3,249 (-97.3%), from €3,339 to €90
- Other operating charges -€2,120
down €2,120 (-68.8%), from €3,080 to €960
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 | €336,274 | €346,578 | +€10,305 | +3.1% |
| Fixed assets | 21/28 | €1,153 | €1,153 | = | 0.0% |
| Financial fixed assets | 28 | €1,153 | €1,153 | = | 0.0% |
| Current assets | 29/58 | €335,121 | €345,426 | +€10,305 | +3.1% |
| Stocks and contracts in progress | 3 | €54,020 | €21,020 | -€33,000 | -61.1% |
| Stocks | 30/36 | €54,020 | €21,020 | -€33,000 | -61.1% |
| Amounts receivable within one year | 40/41 | €270,430 | €324,229 | +€53,799 | +19.9% |
| Trade receivables | 40 | €59,654 | €70,303 | +€10,649 | +17.9% |
| Other amounts receivable | 41 | €210,776 | €253,926 | +€43,150 | +20.5% |
| Cash at bank and in hand | 54/58 | €10,671 | €176 | -€10,494 | -98.3% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €336,274 | €346,578 | +€10,305 | +3.1% |
| Equity | 10/15 | €51,535 | €56,623 | +€5,088 | +9.9% |
| Contributions | 10/11 | €65,000 | €65,000 | = | 0.0% |
| Capital | 10 | €65,000 | €65,000 | = | 0.0% |
| Issued capital | 100 | €65,000 | €65,000 | = | 0.0% |
| Reserves | 13 | €3,971 | €3,971 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,971 | €3,971 | = | 0.0% |
| Legal reserve | 130 | €3,971 | €3,971 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€17,436 | -€12,348 | +€5,088 | +29.2% |
| Amounts payable | 17/49 | €284,739 | €289,956 | +€5,217 | +1.8% |
| Amounts payable within one year | 42/48 | €281,792 | €289,956 | +€8,164 | +2.9% |
| Trade debts | 44 | €69,429 | €73,871 | +€4,442 | +6.4% |
| Suppliers | 440/4 | €69,429 | €73,871 | +€4,442 | +6.4% |
| Taxes, remuneration and social security | 45 | €212,363 | €216,085 | +€3,722 | +1.8% |
| Taxes | 450/3 | €212,363 | €216,085 | +€3,722 | +1.8% |
| Accrued charges and deferred income | 492/3 | €2,947 | €0 | -€2,947 | -100% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €3,080 | €960 | -€2,120 | -68.8% |
| Gross operating margin | 9900 | €18 | €10,575 | +€10,557 | +59,108% |
| Operating profit (loss) | 9901 | -€3,062 | €9,615 | +€12,677 | |
| Financial income | 75/76B | €25 | €0 | -€25 | -100% |
| Recurring financial income | 75 | €25 | €0 | -€25 | -100% |
| Financial charges | 65/66B | €3,339 | €90 | -€3,249 | -97.3% |
| Recurring financial charges | 65 | €3,339 | €90 | -€3,249 | -97.3% |
| Profit (loss) for the period before taxes | 9903 | -€6,376 | €9,525 | +€15,900 | |
| Income taxes | 67/77 | €305 | €4,437 | +€4,132 | +1,356% |
| Profit (loss) for the period | 9904 | -€6,680 | €5,088 | +€11,768 | |
| Profit (loss) for the period to be appropriated | 9905 | -€6,680 | €5,088 | +€11,768 |
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 28 October 2026 via checked.be.