Elmay: 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.
Elmay
Largest movements
- Receivables within one year +€6,978
up €6,978 (+1513.2%), from €461 to €7,440
of which Trade receivables: +€7,243
- Cash +€4,767
new in 2023: €4,767
mainly Other debts (+€16,887) and Net result for the year (+€3,456)
- Tangible fixed assets -€2,776
down €2,776 (-41.3%), from €6,729 to €3,953
of which Plant, machinery and equipment: -€1,976
- Deferred charges and accrued income -€230
no longer reported in 2023 (was €230)
- Other debts +€16,887
up €16,887 (+145.8%), from €11,585 to €28,473
- Trade debts -€13,057
down €13,057 (-98.7%), from €13,232 to €174
- Profit (loss) carried forward +€3,456
up €3,456 (+12.1%), from -€28,497 to -€25,041
- Tax, wage and social debts +€764
up €764 (+764.5%), from €100 to €864
- Accrued charges and deferred income +€688
new in 2023: €688
- Gross operating margin +€34,164
up €34,164, from -€27,364 to €6,800
- Purchases and services -€28,990
down €28,990 (-66.8%), from €43,422 to €14,432
- Turnover +€5,174
up €5,174 (+32.2%), from €16,058 to €21,232
- Depreciation +€1,976
new in 2023: €1,976
- Taxes +€864
new in 2023: €864
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,420 | €16,159 | +€8,739 | +117.8% |
| Fixed assets | 21/28 | €6,729 | €3,953 | -€2,776 | -41.3% |
| Tangible fixed assets | 22/27 | €6,729 | €3,953 | -€2,776 | -41.3% |
| Land and buildings | 22 | €800 | - | -€800 | |
| Plant, machinery and equipment | 23 | €5,929 | €3,953 | -€1,976 | -33.3% |
| Current assets | 29/58 | €691 | €12,206 | +€11,515 | +1665.6% |
| Amounts receivable within one year | 40/41 | €461 | €7,440 | +€6,978 | +1513.2% |
| Trade receivables | 40 | - | €7,243 | +€7,243 | |
| Other amounts receivable | 41 | €461 | €197 | -€264 | -57.3% |
| Cash at bank and in hand | 54/58 | - | €4,767 | +€4,767 | |
| Deferred charges and accrued income | 490/1 | €230 | - | -€230 | |
| Total equity and liabilities | 10/49 | €7,420 | €16,159 | +€8,739 | +117.8% |
| Equity | 10/15 | -€17,497 | -€14,041 | +€3,456 | +19.8% |
| Contributions | 10/11 | €11,000 | €11,000 | = | 0.0% |
| Capital | 10 | €11,000 | - | -€11,000 | |
| Issued capital | 100 | €11,000 | - | -€11,000 | |
| Outside capital | 11 | - | €11,000 | +€11,000 | |
| Other | 1109/19 | - | €11,000 | +€11,000 | |
| Profit (loss) carried forward | 14 | -€28,497 | -€25,041 | +€3,456 | +12.1% |
| Amounts payable | 17/49 | €24,917 | €30,199 | +€5,283 | +21.2% |
| Amounts payable within one year | 42/48 | €24,917 | €29,511 | +€4,594 | +18.4% |
| Trade debts | 44 | €13,232 | €174 | -€13,057 | -98.7% |
| Suppliers | 440/4 | €13,232 | €174 | -€13,057 | -98.7% |
| Taxes, remuneration and social security | 45 | €100 | €864 | +€764 | +764.5% |
| Taxes | 450/3 | €100 | €864 | +€764 | +764.5% |
| Other amounts payable | 47/48 | €11,585 | €28,473 | +€16,887 | +145.8% |
| Accrued charges and deferred income | 492/3 | - | €688 | +€688 | |
| Turnover | 70 | €16,058 | €21,232 | +€5,174 | +32.2% |
| Goods, raw materials, services and sundry goods | 60/61 | €43,422 | €14,432 | -€28,990 | -66.8% |
| Remuneration, social security and pensions | 62 | €14 | - | -€14 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €1,976 | +€1,976 | |
| Other operating charges | 640/8 | €758 | €432 | -€326 | -43.0% |
| Gross operating margin | 9900 | -€27,364 | €6,800 | +€34,164 | |
| Operating profit (loss) | 9901 | -€28,135 | €4,392 | +€32,527 | |
| Financial charges | 65/66B | €362 | €72 | -€289 | -80.0% |
| Recurring financial charges | 65 | €362 | €72 | -€289 | -80.0% |
| Profit (loss) for the period before taxes | 9903 | -€28,497 | €4,320 | +€32,817 | |
| Income taxes | 67/77 | - | €864 | +€864 | |
| Profit (loss) for the period | 9904 | -€28,497 | €3,456 | +€31,953 | |
| Profit (loss) for the period to be appropriated | 9905 | -€28,497 | €3,456 | +€31,953 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.