ELMENIT: 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.
ELMENIT
Largest movements
- Cash +€255,108
up €255,108 (+492%), from €51,875 to €306,983
mainly Net result for the year (+€224,084) and Tax, wage and social debts (+€104,373)
- Receivables within one year +€55,870
up €55,870 (+52.1%), from €107,145 to €163,015
of which Trade receivables: +€51,925
- Tangible fixed assets -€27,284
down €27,284 (-21.0%), from €129,652 to €102,368
- Profit (loss) carried forward +€224,084
up €224,084 (+1,069%), from €20,968 to €245,052
- Tax, wage and social debts +€104,373
up €104,373 (+65.6%), from €159,192 to €263,565
of which Taxes: +€69,647
- Trade debts -€43,417
down €43,417 (-91.2%), from €47,587 to €4,170
- Gross operating margin +€512,281
up €512,281 (+157%), from €327,149 to €839,430
- Staff costs +€230,010
up €230,010 (+87.7%), from €262,361 to €492,371
- Purchases and services +€101,738
up €101,738 (+30.4%), from €334,784 to €436,522
- Taxes +€63,469
up €63,469 (+570%), from €11,139 to €74,608
- Depreciation +€17,523
up €17,523 (+66.1%), from €26,525 to €44,048
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 | €288,872 | €572,566 | +€283,694 | +98.2% |
| Fixed assets | 21/28 | €129,852 | €102,568 | -€27,284 | -21.0% |
| Tangible fixed assets | 22/27 | €129,652 | €102,368 | -€27,284 | -21.0% |
| Furniture and vehicles | 24 | €129,652 | €102,368 | -€27,284 | -21.0% |
| Financial fixed assets | 28 | €200 | €200 | = | 0.0% |
| Current assets | 29/58 | €159,020 | €469,998 | +€310,978 | +196% |
| Amounts receivable within one year | 40/41 | €107,145 | €163,015 | +€55,870 | +52.1% |
| Trade receivables | 40 | €107,145 | €159,070 | +€51,925 | +48.5% |
| Other amounts receivable | 41 | - | €3,945 | +€3,945 | |
| Cash at bank and in hand | 54/58 | €51,875 | €306,983 | +€255,108 | +492% |
| Total equity and liabilities | 10/49 | €288,872 | €572,566 | +€283,694 | +98.2% |
| Equity | 10/15 | €79,804 | €303,888 | +€224,084 | +281% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €55,836 | €55,836 | = | 0.0% |
| Distributable reserves | 133 | €55,836 | €55,836 | = | 0.0% |
| Profit (loss) carried forward | 14 | €20,968 | €245,052 | +€224,084 | +1,069% |
| Amounts payable | 17/49 | €209,068 | €268,678 | +€59,610 | +28.5% |
| Amounts payable within one year | 42/48 | €209,068 | €268,678 | +€59,610 | +28.5% |
| Trade debts | 44 | €47,587 | €4,170 | -€43,417 | -91.2% |
| Suppliers | 440/4 | €47,587 | €4,170 | -€43,417 | -91.2% |
| Taxes, remuneration and social security | 45 | €159,192 | €263,565 | +€104,373 | +65.6% |
| Taxes | 450/3 | €84,996 | €154,643 | +€69,647 | +81.9% |
| Remuneration and social security | 454/9 | €74,196 | €108,922 | +€34,726 | +46.8% |
| Other amounts payable | 47/48 | €2,289 | €943 | -€1,346 | -58.8% |
| Goods, raw materials, services and sundry goods | 60/61 | €334,784 | €436,522 | +€101,738 | +30.4% |
| Remuneration, social security and pensions | 62 | €262,361 | €492,371 | +€230,010 | +87.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,525 | €44,048 | +€17,523 | +66.1% |
| Other operating charges | 640/8 | €5,949 | €4,089 | -€1,860 | -31.3% |
| Gross operating margin | 9900 | €327,149 | €839,430 | +€512,281 | +157% |
| Operating profit (loss) | 9901 | €32,314 | €298,922 | +€266,608 | +825% |
| Financial charges | 65/66B | €207 | €230 | +€23 | +11.1% |
| Recurring financial charges | 65 | €207 | €230 | +€23 | +11.1% |
| Profit (loss) for the period before taxes | 9903 | €32,107 | €298,692 | +€266,585 | +830% |
| Income taxes | 67/77 | €11,139 | €74,608 | +€63,469 | +570% |
| Profit (loss) for the period | 9904 | €20,968 | €224,084 | +€203,116 | +969% |
| Profit (loss) for the period to be appropriated | 9905 | €20,968 | €224,084 | +€203,116 | +969% |
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 14 October 2026 via checked.be.