Elli: 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.
Elli
Largest movements
- Receivables within one year +€368,450
up €368,450 (+58.9%), from €625,156 to €993,607
of which Trade receivables: +€363,098
- Stocks and contracts -€364,297
down €364,297 (-24.6%), from €1.5m to €1.1m
- Cash +€220,483
up €220,483 (+324.3%), from €67,979 to €288,462
mainly Stocks and contracts (+€364,297) and Net result for the year (+€314,409)
- Profit (loss) carried forward +€164,409
up €164,409 (+16.6%), from €992,310 to €1.2m
- Reserves +€150,000
up €150,000 (+33.2%), from €451,859 to €601,859
of which Distributable reserves: +€150,000
- Tax, wage and social debts -€64,103
down €64,103 (-17.6%), from €363,572 to €299,469
of which Taxes: -€81,574
- Debts after one year -€27,982
down €27,982 (-73.9%), from €37,850 to €9,868
- Other operating charges -€52,873
down €52,873 (-68.6%), from €77,023 to €24,150
- Staff costs +€43,769
up €43,769 (+84.7%), from €51,659 to €95,428
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 | €2,297,102 | €2,494,346 | +€197,244 | +8.6% |
| Fixed assets | 21/28 | €82,356 | €71,271 | -€11,085 | -13.5% |
| Tangible fixed assets | 22/27 | €36,110 | €25,026 | -€11,085 | -30.7% |
| Plant, machinery and equipment | 23 | €8,238 | €5,043 | -€3,195 | -38.8% |
| Furniture and vehicles | 24 | €27,872 | €19,982 | -€7,890 | -28.3% |
| Financial fixed assets | 28 | €46,245 | €46,245 | = | 0.0% |
| Current assets | 29/58 | €2,214,747 | €2,423,076 | +€208,329 | +9.4% |
| Stocks and contracts in progress | 3 | €1,482,612 | €1,118,316 | -€364,297 | -24.6% |
| Stocks | 30/36 | €1,482,612 | €1,118,316 | -€364,297 | -24.6% |
| Amounts receivable within one year | 40/41 | €625,156 | €993,607 | +€368,450 | +58.9% |
| Trade receivables | 40 | €361,316 | €724,414 | +€363,098 | +100.5% |
| Other amounts receivable | 41 | €263,840 | €269,192 | +€5,352 | +2.0% |
| Cash at bank and in hand | 54/58 | €67,979 | €288,462 | +€220,483 | +324.3% |
| Deferred charges and accrued income | 490/1 | €38,999 | €22,691 | -€16,308 | -41.8% |
| Total equity and liabilities | 10/49 | €2,297,102 | €2,494,346 | +€197,244 | +8.6% |
| Equity | 10/15 | €1,462,761 | €1,777,170 | +€314,409 | +21.5% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €451,859 | €601,859 | +€150,000 | +33.2% |
| 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 | €450,000 | €600,000 | +€150,000 | +33.3% |
| Profit (loss) carried forward | 14 | €992,310 | €1,156,719 | +€164,409 | +16.6% |
| Amounts payable | 17/49 | €834,341 | €717,176 | -€117,165 | -14.0% |
| Amounts payable after more than one year | 17 | €37,850 | €9,868 | -€27,982 | -73.9% |
| Financial debts | 170/4 | €37,850 | €9,868 | -€27,982 | -73.9% |
| Amounts payable within one year | 42/48 | €791,182 | €707,309 | -€83,873 | -10.6% |
| Current portion of amounts payable after more than one year | 42 | €88,320 | €73,886 | -€14,434 | -16.3% |
| Trade debts | 44 | €339,290 | €333,953 | -€5,337 | -1.6% |
| Suppliers | 440/4 | €339,290 | €333,953 | -€5,337 | -1.6% |
| Taxes, remuneration and social security | 45 | €363,572 | €299,469 | -€64,103 | -17.6% |
| Taxes | 450/3 | €359,189 | €277,615 | -€81,574 | -22.7% |
| Remuneration and social security | 454/9 | €4,383 | €21,854 | +€17,471 | +398.6% |
| Accrued charges and deferred income | 492/3 | €5,309 | - | -€5,309 | |
| Turnover | 70 | €4,099,590 | €4,088,313 | -€11,277 | -0.3% |
| Goods, raw materials, services and sundry goods | 60/61 | €3,522,369 | €3,517,903 | -€4,466 | -0.1% |
| Remuneration, social security and pensions | 62 | €51,659 | €95,428 | +€43,769 | +84.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,292 | €11,085 | -€1,207 | -9.8% |
| Other operating charges | 640/8 | €77,023 | €24,150 | -€52,873 | -68.6% |
| Gross operating margin | 9900 | €592,661 | €598,790 | +€6,130 | +1.0% |
| Operating profit (loss) | 9901 | €451,686 | €468,127 | +€16,441 | +3.6% |
| Financial income | 75/76B | €1,869 | €11,586 | +€9,717 | +519.8% |
| Recurring financial income | 75 | €1,869 | €11,586 | +€9,717 | +519.8% |
| Financial charges | 65/66B | €20,838 | €11,790 | -€9,047 | -43.4% |
| Recurring financial charges | 65 | €20,838 | €11,790 | -€9,047 | -43.4% |
| Profit (loss) for the period before taxes | 9903 | €432,718 | €467,923 | +€35,205 | +8.1% |
| Income taxes | 67/77 | €135,478 | €153,514 | +€18,036 | +13.3% |
| Profit (loss) for the period | 9904 | €297,240 | €314,409 | +€17,169 | +5.8% |
| Profit (loss) for the period to be appropriated | 9905 | €297,240 | €314,409 | +€17,169 | +5.8% |
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 11 October 2026 via checked.be.