ELMO And Associate: 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.
ELMO And Associate
Largest movements
- Receivables within one year +€34,632
up €34,632 (+1,996%), from €1,735 to €36,367
of which Other amounts receivable: +€33,792
- Tangible fixed assets -€20,142
down €20,142 (-70.2%), from €28,692 to €8,550
of which Furniture and vehicles: -€28,692
- Cash +€930
up €930 (+197%), from €473 to €1,403
- Profit (loss) carried forward +€78,371
up €78,371, from -€52,511 to €25,860
- Debts after one year -€36,112
no longer reported in 2024 (was €36,112)
- Current portion of long-term debt -€21,425
no longer reported in 2024 (was €21,425)
- Other debts -€4,211
no longer reported in 2024 (was €4,211)
- Trade debts -€1,203
no longer reported in 2024 (was €1,203)
- Gross operating margin +€121,569
up €121,569 (+10,596%), from €1,147 to €122,717
- Write-downs +€37,063
new in 2024: €37,063
- Depreciation -€5,478
down €5,478 (-65.8%), from €8,328 to €2,850
From the 2022 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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2022 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €30,900 | €46,320 | +€15,420 | +49.9% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €28,692 | €8,550 | -€20,142 | -70.2% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €28,692 | €8,550 | -€20,142 | -70.2% |
| Plant, machinery and equipment | 23 | - | €8,550 | +€8,550 | |
| Furniture and vehicles | 24 | €28,692 | - | -€28,692 | |
| Current assets | 29/58 | €2,209 | €37,770 | +€35,562 | +1,610% |
| Amounts receivable within one year | 40/41 | €1,735 | €36,367 | +€34,632 | +1,996% |
| Trade receivables | 40 | €1,298 | €2,138 | +€840 | +64.7% |
| Other amounts receivable | 41 | €437 | €34,229 | +€33,792 | +7,731% |
| Cash at bank and in hand | 54/58 | €473 | €1,403 | +€930 | +197% |
| Total equity and liabilities | 10/49 | €30,900 | €46,320 | +€15,420 | +49.9% |
| Equity | 10/15 | -€32,051 | €46,320 | +€78,371 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | - | €18,600 | +€18,600 | |
| Other | 1109/19 | - | €18,600 | +€18,600 | |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | - | €1,860 | +€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Profit (loss) carried forward | 14 | -€52,511 | €25,860 | +€78,371 | |
| Amounts payable | 17/49 | €62,951 | - | -€62,951 | |
| Amounts payable after more than one year | 17 | €36,112 | - | -€36,112 | |
| Financial debts | 170/4 | €36,112 | - | -€36,112 | |
| Amounts payable within one year | 42/48 | €26,839 | - | -€26,839 | |
| Current portion of amounts payable after more than one year | 42 | €21,425 | - | -€21,425 | |
| Trade debts | 44 | €1,203 | - | -€1,203 | |
| Suppliers | 440/4 | €1,203 | - | -€1,203 | |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €4,211 | - | -€4,211 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,328 | €2,850 | -€5,478 | -65.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €37,063 | +€37,063 | |
| Other operating charges | 640/8 | €473 | €192 | -€281 | -59.4% |
| Gross operating margin | 9900 | €1,147 | €122,717 | +€121,569 | +10,596% |
| Operating profit (loss) | 9901 | -€7,654 | €82,611 | +€90,265 | |
| Financial income | 75/76B | - | €13 | +€13 | |
| Recurring financial income | 75 | - | €13 | +€13 | |
| Financial charges | 65/66B | €520 | €218 | -€302 | -58.1% |
| Recurring financial charges | 65 | €520 | €218 | -€302 | -58.1% |
| Profit (loss) for the period before taxes | 9903 | -€8,174 | €82,406 | +€90,581 | |
| Income taxes | 67/77 | €123 | - | -€123 | |
| Profit (loss) for the period | 9904 | -€8,298 | €82,406 | +€90,704 | |
| Profit (loss) for the period to be appropriated | 9905 | -€8,298 | €82,406 | +€90,704 |
Source: filed annual accounts (NBB), financial years ended 31 December 2022 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.