ElmosGroup: 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.
What changed
ElmosGroup
NACE 64.210, Activities of holding companies
fiscal year 2023 against 2024filed annual accounts (NBB)
Net result for the year
€459,170
2023 · €152,804+€306,365
Equity
€3.3m
2023 · €3.2m+€59,170
Cash
€30,054
2023 · €53,187-€23,134
Balance sheet total
€10.3m
2023 · €4.5m+€5.8m
Largest movements
Assets
- Financial fixed assets +€5.4m
up €5.4m (+148.7%), from €3.6m to €9.0m
- Receivables within one year +€418,193
up €418,193 (+357.9%), from €116,858 to €535,051
of which Other amounts receivable: +€252,659
Equity and liabilities
- Debts after one year +€5.1m
up €5.1m (+4854.6%), from €105,339 to €5.2m
- Other debts +€763,865
up €763,865 (+208.1%), from €367,002 to €1.1m
- Current portion of long-term debt -€255,892
down €255,892 (-46.0%), from €555,970 to €300,078
Income statement
- Financial charges -€997,457
down €997,457 (-96.4%), from €1.0m to €37,752
of which Financial charges: -€676,684
- Financial income -€728,773
down €728,773 (-61.3%), from €1.2m to €460,844
- Turnover +€322,088
up €322,088 (+32.2%), from €999,412 to €1.3m
- Services and other goods +€216,250
up €216,250 (+45.5%), from €475,725 to €691,975
- Goods and materials +€45,510
new in 2024: €45,510
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.
Result 2023
€152,804
Turnover
+€322,088
Other operating income
-€7,880
Goods and materials
-€45,510
Services and other goods
-€216,250
Staff costs
-€2,861
Depreciation
-€12,107
Other operating charges
-€69
Financial income
-€728,773
Financial charges
+€997,457
Taxes
+€269
Result 2024
€459,170
Cash bridge derived
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.
From operations
+€956,278
Investment
-€5.4m
Financing
+€4.5m
Cash 2023
€53,187
From operations (derived)
+€956,278
Net result for the year
+€459,170
Depreciation
+€16,580
Receivables after one year
+€63,377
Receivables within one year
-€418,193
Smaller working-capital items
+€4,833
Trade debts
+€44,287
Tax, wage and social debts
+€22,360
Other debts
+€763,865
Investment (derived)
-€5.4m
Investment in fixed assets (net)
-€5.4m
Financing
+€4.5m
Debts after one year
+€5.1m
Current portion of long-term debt
-€255,892
Short-term financial debts
+€5,522
Contributions, distributions and other
-€400,000
Cash 2024
€30,054
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,498,697 | €10,256,351 | +€5.8m | +128.0% |
| Fixed assets | 21/28 | €3,643,083 | €9,069,306 | +€5.4m | +148.9% |
| Intangible fixed assets | 21 | €6,180 | €2,472 | -€3,708 | -60.0% |
| Tangible fixed assets | 22/27 | €1,405 | €26,722 | +€25,317 | +1802.0% |
| Plant, machinery and equipment | 23 | €1,029 | €6,778 | +€5,748 | +558.5% |
| Furniture and vehicles | 24 | €376 | €19,945 | +€19,569 | +5209.8% |
| Financial fixed assets | 28 | €3,635,498 | €9,040,112 | +€5.4m | +148.7% |
| Affiliated companies | 280/1 | €3,635,498 | €9,040,112 | +€5.4m | +148.7% |
| Participating interests | 280 | €3,635,498 | €9,040,112 | +€5.4m | +148.7% |
| Current assets | 29/58 | €855,614 | €1,187,045 | +€331,431 | +38.7% |
| Amounts receivable after more than one year | 29 | €673,167 | €609,790 | -€63,377 | -9.4% |
| Other amounts receivable | 291 | €673,167 | €609,790 | -€63,377 | -9.4% |
| Amounts receivable within one year | 40/41 | €116,858 | €535,051 | +€418,193 | +357.9% |
| Trade receivables | 40 | €38,998 | €204,532 | +€165,535 | +424.5% |
| Other amounts receivable | 41 | €77,860 | €330,519 | +€252,659 | +324.5% |
| Cash at bank and in hand | 54/58 | €53,187 | €30,054 | -€23,134 | -43.5% |
| Deferred charges and accrued income | 490/1 | €12,402 | €12,150 | -€252 | -2.0% |
| Total equity and liabilities | 10/49 | €4,498,697 | €10,256,351 | +€5.8m | +128.0% |
| Equity | 10/15 | €3,239,864 | €3,299,033 | +€59,170 | +1.8% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €3,138,150 | €3,195,150 | +€57,000 | +1.8% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Distributable reserves | 133 | €3,132,000 | €3,189,000 | +€57,000 | +1.8% |
| Profit (loss) carried forward | 14 | €40,214 | €42,383 | +€2,170 | +5.4% |
| Amounts payable | 17/49 | €1,258,833 | €6,957,318 | +€5.7m | +452.7% |
| Amounts payable after more than one year | 17 | €105,339 | €5,219,100 | +€5.1m | +4854.6% |
| Financial debts | 170/4 | €105,339 | €5,219,100 | +€5.1m | +4854.6% |
| Credit institutions | 173 | €105,339 | €1,055,261 | +€949,922 | +901.8% |
| Other loans | 174 | - | €4,163,839 | +€4.2m | |
| Amounts payable within one year | 42/48 | €1,153,495 | €1,733,637 | +€580,142 | +50.3% |
| Current portion of amounts payable after more than one year | 42 | €555,970 | €300,078 | -€255,892 | -46.0% |
| Financial debts | 43 | €72,642 | €78,164 | +€5,522 | +7.6% |
| Credit institutions | 430/8 | €72,642 | €78,164 | +€5,522 | +7.6% |
| Trade debts | 44 | €74,767 | €119,055 | +€44,287 | +59.2% |
| Suppliers | 440/4 | €74,767 | €119,055 | +€44,287 | +59.2% |
| Taxes, remuneration and social security | 45 | €83,114 | €105,474 | +€22,360 | +26.9% |
| Taxes | 450/3 | €18,721 | €46,893 | +€28,172 | +150.5% |
| Remuneration and social security | 454/9 | €64,393 | €58,581 | -€5,812 | -9.0% |
| Other amounts payable | 47/48 | €367,002 | €1,130,867 | +€763,865 | +208.1% |
| Accrued charges and deferred income | 492/3 | - | €4,581 | +€4,581 | |
| Operating income | 70/76A | €1,024,750 | €1,338,958 | +€314,208 | +30.7% |
| Turnover | 70 | €999,412 | €1,321,499 | +€322,088 | +32.2% |
| Other operating income | 74 | €25,339 | €17,459 | -€7,880 | -31.1% |
| Operating charges | 60/66A | €1,024,758 | €1,301,554 | +€276,796 | +27.0% |
| Goods for resale, raw materials and consumables | 60 | - | €45,510 | +€45,510 | |
| Purchases | 600/8 | - | €45,510 | +€45,510 | |
| Services and other goods | 61 | €475,725 | €691,975 | +€216,250 | +45.5% |
| Remuneration, social security and pensions | 62 | €542,354 | €545,216 | +€2,861 | +0.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,473 | €16,580 | +€12,107 | +270.6% |
| Other operating charges | 640/8 | €2,206 | €2,274 | +€69 | +3.1% |
| Operating profit (loss) | 9901 | -€8 | €37,404 | +€37,411 | |
| Financial income | 75/76B | €1,189,618 | €460,844 | -€728,773 | -61.3% |
| Recurring financial income | 75 | €1,189,618 | €460,844 | -€728,773 | -61.3% |
| Income from financial fixed assets | 750 | €1,161,001 | €431,935 | -€729,066 | -62.8% |
| Income from current assets | 751 | €28,612 | €28,882 | +€271 | +0.9% |
| Other financial income | 752/9 | €5 | €27 | +€22 | +443.2% |
| Financial charges | 65/66B | €1,035,210 | €37,752 | -€997,457 | -96.4% |
| Recurring financial charges | 65 | €705,210 | €28,526 | -€676,684 | -96.0% |
| Debt charges | 650 | €52,236 | €1,713 | -€50,522 | -96.7% |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals) | 651 | €652,229 | €25,500 | -€626,729 | -96.1% |
| Other financial charges | 652/9 | €745 | €1,313 | +€567 | +76.1% |
| Non-recurring financial charges | 66B | €330,000 | €9,226 | -€320,774 | -97.2% |
| Profit (loss) for the period before taxes | 9903 | €154,400 | €460,496 | +€306,096 | +198.2% |
| Income taxes | 67/77 | €1,596 | €1,326 | -€269 | -16.9% |
| Taxes | 670/3 | €2,000 | €2,000 | = | 0.0% |
| Tax adjustments and reversals of tax provisions | 77 | €404 | €674 | +€269 | +66.6% |
| Profit (loss) for the period | 9904 | €152,804 | €459,170 | +€306,365 | +200.5% |
| Profit (loss) for the period to be appropriated | 9905 | €152,804 | €459,170 | +€306,365 | +200.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.