ELLYPS ENGINEERING: 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.
ELLYPS ENGINEERING
Largest movements
- Receivables within one year +€640,388
up €640,388 (+41.9%), from €1.5m to €2.2m
of which Trade receivables: +€588,234
- Cash -€45,769
down €45,769 (-63.7%), from €71,805 to €26,036
mainly Receivables within one year (-€640,388) and Tax, wage and social debts (-€84,059)
- Trade debts +€452,432
up €452,432 (+283.6%), from €159,531 to €611,963
- Reserves +€186,107
up €186,107 (+25.3%), from €735,859 to €921,965
of which Distributable reserves: +€186,107
- Other debts +€96,080
up €96,080 (+30.6%), from €313,554 to €409,634
- Tax, wage and social debts -€84,059
down €84,059 (-31.2%), from €269,125 to €185,066
- Short-term financial debts -€65,000
down €65,000 (-52.0%), from €125,000 to €60,000
- Gross operating margin +€103,225
up €103,225 (+25.7%), from €401,754 to €504,980
- Financial charges -€7,639
down €7,639 (-41.2%), from €18,532 to €10,893
of which Financial charges: -€7,405
- Taxes -€7,104
down €7,104 (-6.1%), from €117,088 to €109,984
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 | €1,609,269 | €2,194,829 | +€585,560 | +36.4% |
| Fixed assets | 21/28 | €9,463 | €380 | -€9,083 | -96.0% |
| Tangible fixed assets | 22/27 | €9,083 | - | -€9,083 | |
| Furniture and vehicles | 24 | €9,083 | - | -€9,083 | |
| Financial fixed assets | 28 | €380 | €380 | = | 0.0% |
| Current assets | 29/58 | €1,599,805 | €2,194,449 | +€594,643 | +37.2% |
| Amounts receivable within one year | 40/41 | €1,527,125 | €2,167,512 | +€640,388 | +41.9% |
| Trade receivables | 40 | €1,313,923 | €1,902,157 | +€588,234 | +44.8% |
| Other amounts receivable | 41 | €213,202 | €265,355 | +€52,153 | +24.5% |
| Cash at bank and in hand | 54/58 | €71,805 | €26,036 | -€45,769 | -63.7% |
| Deferred charges and accrued income | 490/1 | €876 | €900 | +€24 | +2.8% |
| Total equity and liabilities | 10/49 | €1,609,269 | €2,194,829 | +€585,560 | +36.4% |
| Equity | 10/15 | €742,059 | €928,165 | +€186,107 | +25.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €735,859 | €921,965 | +€186,107 | +25.3% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €733,999 | €920,105 | +€186,107 | +25.4% |
| Amounts payable | 17/49 | €867,210 | €1,266,664 | +€399,454 | +46.1% |
| Amounts payable within one year | 42/48 | €867,210 | €1,266,664 | +€399,454 | +46.1% |
| Financial debts | 43 | €125,000 | €60,000 | -€65,000 | -52.0% |
| Credit institutions | 430/8 | €125,000 | €60,000 | -€65,000 | -52.0% |
| Trade debts | 44 | €159,531 | €611,963 | +€452,432 | +283.6% |
| Suppliers | 440/4 | €159,531 | €611,963 | +€452,432 | +283.6% |
| Taxes, remuneration and social security | 45 | €269,125 | €185,066 | -€84,059 | -31.2% |
| Taxes | 450/3 | €269,125 | €185,066 | -€84,059 | -31.2% |
| Other amounts payable | 47/48 | €313,554 | €409,634 | +€96,080 | +30.6% |
| Remuneration, social security and pensions | 62 | €1,806 | - | -€1,806 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,196 | €9,083 | -€2,113 | -18.9% |
| Other operating charges | 640/8 | €4,272 | €968 | -€3,305 | -77.4% |
| Non-recurring operating charges | 66A | €234 | €114,017 | +€113,783 | +48562.9% |
| Gross operating margin | 9900 | €401,754 | €504,980 | +€103,225 | +25.7% |
| Operating profit (loss) | 9901 | €384,246 | €380,912 | -€3,334 | -0.9% |
| Financial income | 75/76B | €32 | - | -€32 | |
| Recurring financial income | 75 | €32 | - | -€32 | |
| Financial charges | 65/66B | €18,532 | €10,893 | -€7,639 | -41.2% |
| Recurring financial charges | 65 | €18,170 | €10,765 | -€7,405 | -40.8% |
| Non-recurring financial charges | 66B | €362 | €128 | -€234 | -64.6% |
| Profit (loss) for the period before taxes | 9903 | €365,746 | €370,019 | +€4,273 | +1.2% |
| Income taxes | 67/77 | €117,088 | €109,984 | -€7,104 | -6.1% |
| Profit (loss) for the period | 9904 | €248,658 | €260,035 | +€11,377 | +4.6% |
| Profit (loss) for the period to be appropriated | 9905 | €248,658 | €260,035 | +€11,377 | +4.6% |
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 12 October 2026 via checked.be.