ELMA CONSTRUCTIONS: 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.
What changed
ELMA CONSTRUCTIONS
fiscal year 2023 against 2024filed annual accounts (NBB)
Net result for the year
-€11,166
2023 · -€34,569+€23,403
Equity
€814,696
2023 · €825,862-€11,166
Cash
€292,771
2023 · €483,387-€190,616
Balance sheet total
€894,350
2023 · €948,029-€53,679
Largest movements
Assets
- Cash -€190,616
down €190,616 (-39.4%), from €483,387 to €292,771
mainly Stocks and contracts (-€134,020) and Short-term financial debts (-€50,009)
- Stocks and contracts +€134,020
new in 2024: €134,020
Equity and liabilities
- Short-term financial debts -€50,009
no longer reported in 2024 (was €50,009)
- Debts after one year +€24,557
up €24,557 (+622.0%), from €3,948 to €28,505
- Tax, wage and social debts -€14,377
down €14,377 (-92.9%), from €15,477 to €1,100
of which Taxes: -€15,477
- Profit (loss) carried forward -€11,166
down €11,166 (-3.0%), from €371,362 to €360,196
Income statement
- Other operating charges -€223,495
down €223,495 (-99.0%), from €225,795 to €2,299
- Gross operating margin -€203,535
down €203,535, from €188,184 to -€15,351
- Financial income -€11,260
down €11,260 (-45.0%), from €25,031 to €13,770
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.
Result 2023
-€34,569
Gross operating margin
-€203,535
Staff costs
+€78
Other operating charges
+€223,495
Other operating items
+€14,400
Financial income
-€11,260
Financial charges
-€40
Taxes
+€264
Result 2024
-€11,166
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.
From operations
-€173,830
Investment
€0
Financing
-€16,786
Cash 2023
€483,387
From operations (derived)
-€173,830
Net result for the year
-€11,166
Depreciation
+€101
Stocks and contracts
-€134,020
Receivables within one year
-€2,792
Deferred charges and accrued income
-€225
Trade debts
-€2,710
Tax, wage and social debts
-€14,377
Other debts
-€3,000
Accrued charges and deferred income
-€5,640
Financing
-€16,786
Debts after one year
+€24,557
Current portion of long-term debt
+€8,666
Short-term financial debts
-€50,009
Cash 2024
€292,771
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €948,029 | €894,350 | -€53,679 | -5.7% |
| Fixed assets | 21/28 | €147 | €46 | -€101 | -68.7% |
| Tangible fixed assets | 22/27 | €147 | €46 | -€101 | -68.7% |
| Furniture and vehicles | 24 | €147 | €46 | -€101 | -68.7% |
| Current assets | 29/58 | €947,882 | €894,304 | -€53,578 | -5.7% |
| Amounts receivable after more than one year | 29 | €200,000 | €200,000 | = | 0.0% |
| Other amounts receivable | 291 | €200,000 | €200,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | - | €134,020 | +€134,020 | |
| Stocks | 30/36 | - | €134,020 | +€134,020 | |
| Amounts receivable within one year | 40/41 | €103,318 | €106,110 | +€2,792 | +2.7% |
| Trade receivables | 40 | €2,157 | €2,157 | = | 0.0% |
| Other amounts receivable | 41 | €101,160 | €103,953 | +€2,792 | +2.8% |
| Current investments | 50/53 | €160,975 | €160,975 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €483,387 | €292,771 | -€190,616 | -39.4% |
| Deferred charges and accrued income | 490/1 | €203 | €428 | +€225 | +111.3% |
| Total equity and liabilities | 10/49 | €948,029 | €894,350 | -€53,679 | -5.7% |
| Equity | 10/15 | €825,862 | €814,696 | -€11,166 | -1.4% |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Reserves | 13 | €379,500 | €379,500 | = | 0.0% |
| Non-distributable reserves | 130/1 | €7,500 | €7,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €7,500 | €7,500 | = | 0.0% |
| Distributable reserves | 133 | €372,000 | €372,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €371,362 | €360,196 | -€11,166 | -3.0% |
| Amounts payable | 17/49 | €122,167 | €79,654 | -€42,513 | -34.8% |
| Amounts payable after more than one year | 17 | €3,948 | €28,505 | +€24,557 | +622.0% |
| Financial debts | 170/4 | €3,948 | €28,505 | +€24,557 | +622.0% |
| Amounts payable within one year | 42/48 | €111,618 | €50,189 | -€61,429 | -55.0% |
| Current portion of amounts payable after more than one year | 42 | €11,509 | €20,175 | +€8,666 | +75.3% |
| Financial debts | 43 | €50,009 | - | -€50,009 | |
| Credit institutions | 430/8 | €50,009 | - | -€50,009 | |
| Trade debts | 44 | €24,103 | €21,393 | -€2,710 | -11.2% |
| Suppliers | 440/4 | €24,103 | €21,393 | -€2,710 | -11.2% |
| Advances received on contracts in progress | 46 | €1,521 | €1,521 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €15,477 | €1,100 | -€14,377 | -92.9% |
| Taxes | 450/3 | €15,477 | - | -€15,477 | |
| Remuneration and social security | 454/9 | - | €1,100 | +€1,100 | |
| Other amounts payable | 47/48 | €9,000 | €6,000 | -€3,000 | -33.3% |
| Accrued charges and deferred income | 492/3 | €6,601 | €960 | -€5,640 | -85.5% |
| Remuneration, social security and pensions | 62 | €78 | - | -€78 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €101 | €101 | = | 0.0% |
| Other operating charges | 640/8 | €225,795 | €2,299 | -€223,495 | -99.0% |
| Non-recurring operating charges | 66A | €15,000 | €600 | -€14,400 | -96.0% |
| Gross operating margin | 9900 | €188,184 | -€15,351 | -€203,535 | |
| Operating profit (loss) | 9901 | -€52,790 | -€18,352 | +€34,438 | +65.2% |
| Financial income | 75/76B | €25,031 | €13,770 | -€11,260 | -45.0% |
| Recurring financial income | 75 | €25,031 | €13,770 | -€11,260 | -45.0% |
| Financial charges | 65/66B | €6,552 | €6,592 | +€40 | +0.6% |
| Recurring financial charges | 65 | €6,552 | €6,592 | +€40 | +0.6% |
| Profit (loss) for the period before taxes | 9903 | -€34,311 | -€11,173 | +€23,138 | +67.4% |
| Income taxes | 67/77 | €258 | -€7 | -€264 | |
| Profit (loss) for the period | 9904 | -€34,569 | -€11,166 | +€23,403 | +67.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€34,569 | -€11,166 | +€23,403 | +67.7% |
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 29 September 2026 via checked.be.