ELMADENT: 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.
ELMADENT
Largest movements
- Tangible fixed assets -€19,003
down €19,003 (-10.6%), from €178,920 to €159,918
of which Land and buildings: -€12,413
- Cash -€10,732
down €10,732 (-13.1%), from €81,615 to €70,882
mainly Debts after one year (-€20,476) and Other debts (-€16,519)
- Intangible fixed assets -€6,708
down €6,708 (-38.3%), from €17,500 to €10,792
- Deferred charges and accrued income +€6,125
up €6,125 (+80.4%), from €7,615 to €13,740
- Debts after one year -€20,476
down €20,476 (-14.0%), from €145,897 to €125,421
- Other debts -€16,519
down €16,519 (-42.2%), from €39,145 to €22,626
- Trade debts +€7,535
up €7,535 (+5,521%), from €136 to €7,671
- Current portion of long-term debt -€5,746
down €5,746 (-21.9%), from €26,221 to €20,476
- Accrued charges and deferred income +€5,736
new in 2022: €5,736
- Depreciation +€10,811
up €10,811 (+50.8%), from €21,299 to €32,111
- Gross operating margin -€5,670
down €5,670 (-14.7%), from €38,566 to €32,897
- Taxes +€4,458
up €4,458, from -€4,171 to €287
- Other operating charges -€1,648
down €1,648 (-42.6%), from €3,872 to €2,224
- Financial charges -€932
down €932 (-29.7%), from €3,141 to €2,209
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 | €288,753 | €258,436 | -€30,318 | -10.5% |
| Fixed assets | 21/28 | €196,632 | €170,921 | -€25,711 | -13.1% |
| Intangible fixed assets | 21 | €17,500 | €10,792 | -€6,708 | -38.3% |
| Tangible fixed assets | 22/27 | €178,920 | €159,918 | -€19,003 | -10.6% |
| Land and buildings | 22 | €129,530 | €117,117 | -€12,413 | -9.6% |
| Furniture and vehicles | 24 | €47,697 | €35,934 | -€11,763 | -24.7% |
| Other tangible fixed assets | 26 | €1,693 | €6,866 | +€5,173 | +306% |
| Financial fixed assets | 28 | €212 | €212 | = | 0.0% |
| Current assets | 29/58 | €92,121 | €87,514 | -€4,607 | -5.0% |
| Amounts receivable within one year | 40/41 | €2,892 | €2,892 | = | 0.0% |
| Other amounts receivable | 41 | €2,892 | €2,892 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €81,615 | €70,882 | -€10,732 | -13.1% |
| Deferred charges and accrued income | 490/1 | €7,615 | €13,740 | +€6,125 | +80.4% |
| Total equity and liabilities | 10/49 | €288,753 | €258,436 | -€30,318 | -10.5% |
| Equity | 10/15 | €74,275 | €70,341 | -€3,935 | -5.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Contributions outside capital | 11 | €12,400 | - | -€12,400 | |
| Other | 1109/19 | €12,400 | - | -€12,400 | |
| Reserves | 13 | €61,062 | €57,062 | -€4,000 | -6.6% |
| 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 | €59,202 | €55,202 | -€4,000 | -6.8% |
| Profit (loss) carried forward | 14 | €813 | €879 | +€65 | +8.0% |
| Amounts payable | 17/49 | €214,478 | €188,095 | -€26,383 | -12.3% |
| Amounts payable after more than one year | 17 | €145,897 | €125,421 | -€20,476 | -14.0% |
| Financial debts | 170/4 | €145,897 | €125,421 | -€20,476 | -14.0% |
| Amounts payable within one year | 42/48 | €68,581 | €56,938 | -€11,643 | -17.0% |
| Current portion of amounts payable after more than one year | 42 | €26,221 | €20,476 | -€5,746 | -21.9% |
| Trade debts | 44 | €136 | €7,671 | +€7,535 | +5,521% |
| Suppliers | 440/4 | €136 | €7,671 | +€7,535 | +5,521% |
| Taxes, remuneration and social security | 45 | €3,079 | €6,165 | +€3,087 | +100% |
| Taxes | 450/3 | €3,079 | €6,165 | +€3,087 | +100% |
| Other amounts payable | 47/48 | €39,145 | €22,626 | -€16,519 | -42.2% |
| Accrued charges and deferred income | 492/3 | - | €5,736 | +€5,736 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,299 | €32,111 | +€10,811 | +50.8% |
| Other operating charges | 640/8 | €3,872 | €2,224 | -€1,648 | -42.6% |
| Gross operating margin | 9900 | €38,566 | €32,897 | -€5,670 | -14.7% |
| Operating profit (loss) | 9901 | €13,395 | -€1,438 | -€14,834 | |
| Financial income | 75/76B | €3 | €0 | -€3 | -99.7% |
| Recurring financial income | 75 | €3 | €0 | -€3 | -99.7% |
| Financial charges | 65/66B | €3,141 | €2,209 | -€932 | -29.7% |
| Recurring financial charges | 65 | €3,141 | €2,209 | -€932 | -29.7% |
| Profit (loss) for the period before taxes | 9903 | €10,258 | -€3,648 | -€13,905 | |
| Income taxes | 67/77 | -€4,171 | €287 | +€4,458 | |
| Profit (loss) for the period | 9904 | €14,429 | -€3,935 | -€18,364 | |
| Profit (loss) for the period to be appropriated | 9905 | €14,429 | -€3,935 | -€18,364 |
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 15 October 2026 via checked.be.