ELMATEC: 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.
ELMATEC
Largest movements
- Receivables within one year -€184,849
down €184,849 (-21.0%), from €881,636 to €696,787
of which Other amounts receivable: -€172,579
- Receivables after one year +€150,000
new in 2024: €150,000
- Stocks and contracts +€55,710
up €55,710 (+52.0%), from €107,236 to €162,946
- Cash -€50,060
down €50,060 (-39.0%), from €128,206 to €78,146
mainly Receivables after one year (-€150,000) and Stocks and contracts (-€55,710)
- Tangible fixed assets -€31,121
down €31,121 (-26.9%), from €115,708 to €84,588
of which Other tangible fixed assets: -€30,819
- Other debts -€13,925
down €13,925 (-92.8%), from €15,000 to €1,075
- Profit (loss) carried forward -€13,692
down €13,692 (-222%), from -€6,156 to -€19,848
- Financial charges +€64,330
up €64,330 (+124%), from €51,925 to €116,255
- Gross operating margin +€39,600
up €39,600 (+29.4%), from €134,751 to €174,351
- Financial income -€20,446
down €20,446 (-28.7%), from €71,129 to €50,683
- Taxes -€8,934
down €8,934 (-98.0%), from €9,119 to €185
- Write-downs -€2,403
down €2,403 (-100%), from €2,403 to €0
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.
Derived cash bridge
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 | €1,363,400 | €1,336,787 | -€26,613 | -2.0% |
| Fixed assets | 21/28 | €238,575 | €237,454 | -€1,121 | -0.5% |
| Tangible fixed assets | 22/27 | €115,708 | €84,588 | -€31,121 | -26.9% |
| Furniture and vehicles | 24 | €646 | €344 | -€301 | -46.7% |
| Other tangible fixed assets | 26 | €115,063 | €84,243 | -€30,819 | -26.8% |
| Financial fixed assets | 28 | €122,867 | €152,867 | +€30,000 | +24.4% |
| Current assets | 29/58 | €1,124,826 | €1,099,333 | -€25,493 | -2.3% |
| Amounts receivable after more than one year | 29 | - | €150,000 | +€150,000 | |
| Other amounts receivable | 291 | - | €150,000 | +€150,000 | |
| Stocks and contracts in progress | 3 | €107,236 | €162,946 | +€55,710 | +52.0% |
| Stocks | 30/36 | €107,236 | €162,946 | +€55,710 | +52.0% |
| Amounts receivable within one year | 40/41 | €881,636 | €696,787 | -€184,849 | -21.0% |
| Trade receivables | 40 | €447,891 | €435,621 | -€12,270 | -2.7% |
| Other amounts receivable | 41 | €433,745 | €261,166 | -€172,579 | -39.8% |
| Cash at bank and in hand | 54/58 | €128,206 | €78,146 | -€50,060 | -39.0% |
| Deferred charges and accrued income | 490/1 | €7,748 | €11,454 | +€3,706 | +47.8% |
| Total equity and liabilities | 10/49 | €1,363,400 | €1,336,787 | -€26,613 | -2.0% |
| Equity | 10/15 | €509,291 | €495,599 | -€13,692 | -2.7% |
| Contributions | 10/11 | €198,315 | €198,315 | = | 0.0% |
| Capital | 10 | €198,315 | €198,315 | = | 0.0% |
| Issued capital | 100 | €198,315 | €198,315 | = | 0.0% |
| Reserves | 13 | €317,132 | €317,132 | = | 0.0% |
| Non-distributable reserves | 130/1 | €16,450 | €16,450 | = | 0.0% |
| Legal reserve | 130 | €16,450 | €16,450 | = | 0.0% |
| Tax-exempt reserves | 132 | €46,300 | €46,300 | = | 0.0% |
| Distributable reserves | 133 | €254,382 | €254,382 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€6,156 | -€19,848 | -€13,692 | -222% |
| Amounts payable | 17/49 | €854,109 | €841,188 | -€12,922 | -1.5% |
| Amounts payable within one year | 42/48 | €844,079 | €836,273 | -€7,806 | -0.9% |
| Financial debts | 43 | €200,000 | €200,000 | = | 0.0% |
| Credit institutions | 430/8 | €200,000 | €200,000 | = | 0.0% |
| Trade debts | 44 | €594,185 | €602,076 | +€7,891 | +1.3% |
| Suppliers | 440/4 | €594,185 | €602,076 | +€7,891 | +1.3% |
| Taxes, remuneration and social security | 45 | €34,894 | €33,122 | -€1,772 | -5.1% |
| Taxes | 450/3 | €14,606 | €11,265 | -€3,341 | -22.9% |
| Remuneration and social security | 454/9 | €20,287 | €21,857 | +€1,569 | +7.7% |
| Other amounts payable | 47/48 | €15,000 | €1,075 | -€13,925 | -92.8% |
| Accrued charges and deferred income | 492/3 | €10,030 | €4,915 | -€5,115 | -51.0% |
| Remuneration, social security and pensions | 62 | €89,996 | €89,542 | -€454 | -0.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,246 | €31,121 | -€1,125 | -3.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €2,403 | €0 | -€2,403 | -100% |
| Other operating charges | 640/8 | €1,530 | €1,623 | +€93 | +6.1% |
| Gross operating margin | 9900 | €134,751 | €174,351 | +€39,600 | +29.4% |
| Operating profit (loss) | 9901 | €8,576 | €52,066 | +€43,490 | +507% |
| Financial income | 75/76B | €71,129 | €50,683 | -€20,446 | -28.7% |
| Recurring financial income | 75 | €71,129 | €50,683 | -€20,446 | -28.7% |
| Financial charges | 65/66B | €51,925 | €116,255 | +€64,330 | +124% |
| Recurring financial charges | 65 | €51,925 | €116,255 | +€64,330 | +124% |
| Profit (loss) for the period before taxes | 9903 | €27,779 | -€13,507 | -€41,286 | |
| Income taxes | 67/77 | €9,119 | €185 | -€8,934 | -98.0% |
| Profit (loss) for the period | 9904 | €18,660 | -€13,692 | -€32,352 | |
| Profit (loss) for the period to be appropriated | 9905 | €18,660 | -€13,692 | -€32,352 |
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 18 October 2026 via checked.be.