Elloumak Group: 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.
Elloumak Group
Largest movements
- Receivables within one year -€43,941
down €43,941 (-75.5%), from €58,198 to €14,257
of which Trade receivables: -€29,016
- Tangible fixed assets +€17,952
up €17,952 (+1,034%), from €1,736 to €19,688
of which Furniture and vehicles: +€16,691
- Cash -€2,074
no longer reported in 2022 (was €2,074)
mainly Trade debts (-€32,356) and Investment in fixed assets (net) (-€20,691)
- Trade debts -€32,356
down €32,356 (-80.0%), from €40,455 to €8,099
- Short-term financial debts +€7,178
new in 2022: €7,178
- Profit (loss) carried forward -€3,529
down €3,529 (-48.0%), from €7,358 to €3,829
- Other debts +€845
new in 2022: €845
- Depreciation +€2,443
up €2,443 (+823%), from €297 to €2,739
- Gross operating margin +€2,133
up €2,133, from -€1,652 to €482
- Other operating charges -€1,544
down €1,544 (-69.6%), from €2,218 to €674
- Financial income -€364
down €364 (-78.4%), from €464 to €100
- Financial charges +€289
up €289 (+135%), from €214 to €502
From the 2021 result to the 2022 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 2021 and 2022 balance sheets and the 2022 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2021 | 2022 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €71,278 | €43,445 | -€27,833 | -39.0% |
| Fixed assets | 21/28 | €11,006 | €28,958 | +€17,952 | +163% |
| Tangible fixed assets | 22/27 | €1,736 | €19,688 | +€17,952 | +1,034% |
| Plant, machinery and equipment | 23 | - | €1,261 | +€1,261 | |
| Furniture and vehicles | 24 | €1,736 | €18,427 | +€16,691 | +962% |
| Financial fixed assets | 28 | €9,270 | €9,270 | = | 0.0% |
| Current assets | 29/58 | €60,272 | €14,487 | -€45,784 | -76.0% |
| Amounts receivable within one year | 40/41 | €58,198 | €14,257 | -€43,941 | -75.5% |
| Trade receivables | 40 | €38,498 | €9,482 | -€29,016 | -75.4% |
| Other amounts receivable | 41 | €19,700 | €4,775 | -€14,925 | -75.8% |
| Cash at bank and in hand | 54/58 | €2,074 | - | -€2,074 | |
| Deferred charges and accrued income | 490/1 | - | €230 | +€230 | |
| Total equity and liabilities | 10/49 | €71,278 | €43,445 | -€27,833 | -39.0% |
| Equity | 10/15 | €27,358 | €23,829 | -€3,529 | -12.9% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Contributions outside capital | 11 | - | €20,000 | +€20,000 | |
| Other | 1109/19 | - | €20,000 | +€20,000 | |
| Profit (loss) carried forward | 14 | €7,358 | €3,829 | -€3,529 | -48.0% |
| Amounts payable | 17/49 | €43,920 | €19,616 | -€24,303 | -55.3% |
| Amounts payable within one year | 42/48 | €43,920 | €19,616 | -€24,303 | -55.3% |
| Financial debts | 43 | - | €7,178 | +€7,178 | |
| Credit institutions | 430/8 | - | €7,178 | +€7,178 | |
| Trade debts | 44 | €40,455 | €8,099 | -€32,356 | -80.0% |
| Suppliers | 440/4 | €40,455 | €8,099 | -€32,356 | -80.0% |
| Taxes, remuneration and social security | 45 | €3,464 | €3,494 | +€30 | +0.9% |
| Taxes | 450/3 | €3,464 | €3,494 | +€30 | +0.9% |
| Other amounts payable | 47/48 | - | €845 | +€845 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €297 | €2,739 | +€2,443 | +823% |
| Other operating charges | 640/8 | €2,218 | €674 | -€1,544 | -69.6% |
| Gross operating margin | 9900 | -€1,652 | €482 | +€2,133 | |
| Operating profit (loss) | 9901 | -€4,167 | -€2,932 | +€1,235 | +29.6% |
| Financial income | 75/76B | €464 | €100 | -€364 | -78.4% |
| Recurring financial income | 75 | €464 | €100 | -€364 | -78.4% |
| Financial charges | 65/66B | €214 | €502 | +€289 | +135% |
| Recurring financial charges | 65 | €214 | €502 | +€289 | +135% |
| Profit (loss) for the period before taxes | 9903 | -€3,917 | -€3,334 | +€582 | +14.9% |
| Income taxes | 67/77 | €157 | €195 | +€38 | +24.2% |
| Profit (loss) for the period | 9904 | -€4,074 | -€3,529 | +€544 | +13.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,074 | -€3,529 | +€544 | +13.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2021 and 31 December 2022. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.