ELO SRL: 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.
ELO SRL
Largest movements
- Receivables within one year +€15,569
up €15,569 (+114.4%), from €13,614 to €29,183
of which Trade receivables: +€15,570
- Cash +€9,793
up €9,793 (+89.3%), from €10,966 to €20,759
mainly Trade debts (+€13,236) and Net result for the year (+€6,273)
- Tangible fixed assets +€1,600
up €1,600 (+40.1%), from €3,992 to €5,591
- Deferred charges and accrued income +€814
up €814 (+145.3%), from €560 to €1,374
- Trade debts +€13,236
up €13,236 (+64.0%), from €20,691 to €33,927
- Profit (loss) carried forward +€6,273
up €6,273, from -€43 to €6,230
- Tax, wage and social debts +€5,800
up €5,800 (+105.8%), from €5,484 to €11,284
of which Taxes: +€6,262
- Accrued charges and deferred income +€2,466
new in 2024: €2,466
- Gross operating margin +€8,859
up €8,859 (+16.0%), from €55,300 to €64,159
- Purchases and services -€5,614
down €5,614 (-2.7%), from €209,025 to €203,411
- Turnover +€3,244
up €3,244 (+1.2%), from €264,326 to €267,570
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 | €29,132 | €56,907 | +€27,775 | +95.3% |
| Fixed assets | 21/28 | €3,992 | €5,591 | +€1,600 | +40.1% |
| Tangible fixed assets | 22/27 | €3,992 | €5,591 | +€1,600 | +40.1% |
| Furniture and vehicles | 24 | €3,992 | €5,591 | +€1,600 | +40.1% |
| Current assets | 29/58 | €25,140 | €51,316 | +€26,175 | +104.1% |
| Amounts receivable within one year | 40/41 | €13,614 | €29,183 | +€15,569 | +114.4% |
| Trade receivables | 40 | €13,613 | €29,183 | +€15,570 | +114.4% |
| Other amounts receivable | 41 | €1 | - | -€1 | |
| Cash at bank and in hand | 54/58 | €10,966 | €20,759 | +€9,793 | +89.3% |
| Deferred charges and accrued income | 490/1 | €560 | €1,374 | +€814 | +145.3% |
| Total equity and liabilities | 10/49 | €29,132 | €56,907 | +€27,775 | +95.3% |
| Equity | 10/15 | €2,957 | €9,230 | +€6,273 | +212.1% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€43 | €6,230 | +€6,273 | |
| Amounts payable | 17/49 | €26,175 | €47,677 | +€21,502 | +82.1% |
| Amounts payable within one year | 42/48 | €26,175 | €45,211 | +€19,036 | +72.7% |
| Trade debts | 44 | €20,691 | €33,927 | +€13,236 | +64.0% |
| Suppliers | 440/4 | €20,691 | €33,927 | +€13,236 | +64.0% |
| Taxes, remuneration and social security | 45 | €5,484 | €11,284 | +€5,800 | +105.8% |
| Taxes | 450/3 | €1,034 | €7,296 | +€6,262 | +605.7% |
| Remuneration and social security | 454/9 | €4,450 | €3,988 | -€462 | -10.4% |
| Accrued charges and deferred income | 492/3 | - | €2,466 | +€2,466 | |
| Turnover | 70 | €264,326 | €267,570 | +€3,244 | +1.2% |
| Goods, raw materials, services and sundry goods | 60/61 | €209,025 | €203,411 | -€5,614 | -2.7% |
| Remuneration, social security and pensions | 62 | €46,958 | €45,858 | -€1,100 | -2.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €276 | €1,351 | +€1,075 | +389.4% |
| Other operating charges | 640/8 | €5,949 | €7,440 | +€1,492 | +25.1% |
| Gross operating margin | 9900 | €55,300 | €64,159 | +€8,859 | +16.0% |
| Operating profit (loss) | 9901 | €2,117 | €9,509 | +€7,392 | +349.1% |
| Financial income | 75/76B | €13 | €62 | +€48 | +360.1% |
| Recurring financial income | 75 | €13 | €62 | +€48 | +360.1% |
| Financial charges | 65/66B | €2,142 | €1,719 | -€423 | -19.8% |
| Recurring financial charges | 65 | €2,142 | €1,719 | -€423 | -19.8% |
| Profit (loss) for the period before taxes | 9903 | -€11 | €7,852 | +€7,863 | |
| Income taxes | 67/77 | €32 | €1,579 | +€1,547 | +4890.9% |
| Profit (loss) for the period | 9904 | -€43 | €6,273 | +€6,316 | |
| Profit (loss) for the period to be appropriated | 9905 | -€43 | €6,273 | +€6,316 |
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 1 October 2026 via checked.be.