ELNAT: 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.
ELNAT
Largest movements
- Receivables within one year -€102,792
down €102,792 (-69.0%), from €149,029 to €46,237
of which Trade receivables: -€135,947
- Tax, wage and social debts -€47,537
down €47,537 (-72.2%), from €65,863 to €18,325
- Trade debts -€45,257
no longer reported in 2024 (was €45,257)
- Profit (loss) carried forward -€8,225
down €8,225 (-2.1%), from €396,164 to €387,939
- Gross operating margin -€92,226
down €92,226 (-93.3%), from €98,849 to €6,623
- Staff costs -€47,139
down €47,139 (-98.2%), from €48,000 to €861
- Taxes -€14,583
down €14,583 (-96.4%), from €15,131 to €548
- Depreciation +€3,361
new in 2024: €3,361
- Other operating charges +€3,281
up €3,281 (+363.2%), from €903 to €4,184
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.
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.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €522,048 | €420,525 | -€101,523 | -19.4% |
| Fixed assets | 21/28 | €3,486 | €125 | -€3,361 | -96.4% |
| Tangible fixed assets | 22/27 | €3,361 | - | -€3,361 | |
| Furniture and vehicles | 24 | €1,177 | - | -€1,177 | |
| Other tangible fixed assets | 26 | €2,185 | - | -€2,185 | |
| Financial fixed assets | 28 | €125 | €125 | = | 0.0% |
| Current assets | 29/58 | €518,561 | €420,400 | -€98,162 | -18.9% |
| Amounts receivable after more than one year | 29 | €359,000 | €359,000 | = | 0.0% |
| Other amounts receivable | 291 | €359,000 | €359,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €149,029 | €46,237 | -€102,792 | -69.0% |
| Trade receivables | 40 | €149,029 | €13,082 | -€135,947 | -91.2% |
| Other amounts receivable | 41 | - | €33,155 | +€33,155 | |
| Cash at bank and in hand | 54/58 | €10,532 | €15,162 | +€4,630 | +44.0% |
| Total equity and liabilities | 10/49 | €522,048 | €420,525 | -€101,523 | -19.4% |
| Equity | 10/15 | €410,424 | €402,199 | -€8,225 | -2.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 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 | €396,164 | €387,939 | -€8,225 | -2.1% |
| Amounts payable | 17/49 | €111,624 | €18,325 | -€93,298 | -83.6% |
| Amounts payable within one year | 42/48 | €111,624 | €18,325 | -€93,298 | -83.6% |
| Trade debts | 44 | €45,257 | - | -€45,257 | |
| Suppliers | 440/4 | €45,257 | - | -€45,257 | |
| Taxes, remuneration and social security | 45 | €65,863 | €18,325 | -€47,537 | -72.2% |
| Taxes | 450/3 | €65,863 | €18,325 | -€47,537 | -72.2% |
| Other amounts payable | 47/48 | €504 | - | -€504 | |
| Remuneration, social security and pensions | 62 | €48,000 | €861 | -€47,139 | -98.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €3,361 | +€3,361 | |
| Other operating charges | 640/8 | €903 | €4,184 | +€3,281 | +363.2% |
| Gross operating margin | 9900 | €98,849 | €6,623 | -€92,226 | -93.3% |
| Operating profit (loss) | 9901 | €49,946 | -€1,783 | -€51,729 | |
| Financial income | 75/76B | - | €39 | +€39 | |
| Recurring financial income | 75 | - | €39 | +€39 | |
| Financial charges | 65/66B | €5 | €827 | +€822 | +15328.4% |
| Recurring financial charges | 65 | €5 | €827 | +€822 | +15328.4% |
| Profit (loss) for the period before taxes | 9903 | €49,940 | -€2,571 | -€52,511 | |
| Income taxes | 67/77 | €15,131 | €548 | -€14,583 | -96.4% |
| Profit (loss) for the period | 9904 | €34,810 | -€3,119 | -€37,928 | |
| Profit (loss) for the period to be appropriated | 9905 | €34,810 | -€3,119 | -€37,928 |
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.