ELMMO: 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.
ELMMO
Largest movements
- Receivables within one year +€16,160
up €16,160 (+27.2%), from €59,308 to €75,469
of which Trade receivables: +€24,456
- Cash +€9,673
up €9,673 (+303%), from €3,189 to €12,862
mainly Advances received (+€23,046) and Depreciation (+€7,817)
- Tangible fixed assets -€7,817
down €7,817 (-41.4%), from €18,890 to €11,074
- Advances received +€23,046
up €23,046 (+316%), from €7,283 to €30,329
- Debts after one year -€4,268
down €4,268 (-23.2%), from €18,389 to €14,121
- Tax, wage and social debts -€3,113
down €3,113 (-40.9%), from €7,608 to €4,496
of which Taxes: -€1,877
- Profit (loss) carried forward +€2,397
up €2,397 (+7.6%), from €31,424 to €33,821
- Staff costs -€12,997
down €12,997 (-69.2%), from €18,778 to €5,781
- Gross operating margin -€10,768
down €10,768 (-33.6%), from €32,005 to €21,236
- Depreciation +€3,257
up €3,257 (+71.4%), from €4,560 to €7,817
- Other operating charges -€878
down €878 (-78.5%), from €1,119 to €241
- Financial charges +€568
up €568 (+38.6%), from €1,472 to €2,040
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 | €81,387 | €99,404 | +€18,017 | +22.1% |
| Fixed assets | 21/28 | €18,890 | €11,074 | -€7,817 | -41.4% |
| Tangible fixed assets | 22/27 | €18,890 | €11,074 | -€7,817 | -41.4% |
| Furniture and vehicles | 24 | €18,890 | €11,074 | -€7,817 | -41.4% |
| Current assets | 29/58 | €62,497 | €88,331 | +€25,834 | +41.3% |
| Amounts receivable within one year | 40/41 | €59,308 | €75,469 | +€16,160 | +27.2% |
| Trade receivables | 40 | €3,412 | €27,868 | +€24,456 | +717% |
| Other amounts receivable | 41 | €55,896 | €47,601 | -€8,296 | -14.8% |
| Cash at bank and in hand | 54/58 | €3,189 | €12,862 | +€9,673 | +303% |
| Total equity and liabilities | 10/49 | €81,387 | €99,404 | +€18,017 | +22.1% |
| Equity | 10/15 | €39,484 | €41,881 | +€2,397 | +6.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Contributions outside capital | 11 | €6,200 | €6,200 | = | 0.0% |
| Other | 1109/19 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €31,424 | €33,821 | +€2,397 | +7.6% |
| Amounts payable | 17/49 | €41,903 | €57,523 | +€15,620 | +37.3% |
| Amounts payable after more than one year | 17 | €18,389 | €14,121 | -€4,268 | -23.2% |
| Financial debts | 170/4 | €18,389 | €14,121 | -€4,268 | -23.2% |
| Amounts payable within one year | 42/48 | €23,515 | €43,402 | +€19,888 | +84.6% |
| Current portion of amounts payable after more than one year | 42 | €4,268 | €4,268 | = | 0.0% |
| Trade debts | 44 | €414 | €368 | -€45 | -11.0% |
| Suppliers | 440/4 | €414 | €368 | -€45 | -11.0% |
| Advances received on contracts in progress | 46 | €7,283 | €30,329 | +€23,046 | +316% |
| Taxes, remuneration and social security | 45 | €7,608 | €4,496 | -€3,113 | -40.9% |
| Taxes | 450/3 | €5,047 | €3,170 | -€1,877 | -37.2% |
| Remuneration and social security | 454/9 | €2,561 | €1,325 | -€1,236 | -48.3% |
| Other amounts payable | 47/48 | €3,941 | €3,941 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €18,778 | €5,781 | -€12,997 | -69.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,560 | €7,817 | +€3,257 | +71.4% |
| Other operating charges | 640/8 | €1,119 | €241 | -€878 | -78.5% |
| Gross operating margin | 9900 | €32,005 | €21,236 | -€10,768 | -33.6% |
| Operating profit (loss) | 9901 | €7,548 | €7,398 | -€150 | -2.0% |
| Financial income | 75/76B | €342 | €3 | -€339 | -99.2% |
| Recurring financial income | 75 | €342 | €3 | -€339 | -99.2% |
| Financial charges | 65/66B | €1,472 | €2,040 | +€568 | +38.6% |
| Recurring financial charges | 65 | €1,472 | €2,040 | +€568 | +38.6% |
| Profit (loss) for the period before taxes | 9903 | €6,418 | €5,361 | -€1,057 | -16.5% |
| Income taxes | 67/77 | €2,477 | €2,964 | +€487 | +19.7% |
| Profit (loss) for the period | 9904 | €3,941 | €2,397 | -€1,544 | -39.2% |
| Profit (loss) for the period to be appropriated | 9905 | €3,941 | €2,397 | -€1,544 | -39.2% |
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 28 October 2026 via checked.be.