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ELPEJA: 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

ELPEJA

BE 0445.045.304
fiscal year 2023 against 2024filed annual accounts (NBB)
Net result for the year
€4,499
2023 · €1,503+€2,996
Equity
€50,762
2023 · €46,263+€4,499
Cash
€21,813
2023 · €22,118-€305
Balance sheet total
€58,093
2023 · €61,203-€3,110

Largest movements

2023 to 2024
Assets
  • Tangible fixed assets -€3,230

    down €3,230 (-21.6%), from €14,958 to €11,728

Equity and liabilities
  • Debts after one year -€5,554

    no longer reported in 2024 (was €5,554)

  • Reserves +€4,499

    up €4,499 (+16.3%), from €27,663 to €32,162

    of which Distributable reserves: +€6,359

  • Current portion of long-term debt -€3,562

    down €3,562 (-41.8%), from €8,524 to €4,961

  • Tax, wage and social debts +€1,517

    up €1,517 (+192.8%), from €787 to €2,304

Income statement
  • Gross operating margin +€3,676

    up €3,676 (+38.1%), from €9,640 to €13,316

  • Taxes +€1,517

    up €1,517 (+192.8%), from €787 to €2,304

  • Financial charges -€626

    down €626 (-43.2%), from €1,450 to €824

  • Depreciation -€227

    down €227 (-6.6%), from €3,458 to €3,230

  • Other operating charges +€167

    up €167 (+4.5%), from €3,697 to €3,865

From the 2023 result to the 2024 result

effect on the 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 €1,503
Gross operating margin +€3,676
Depreciation +€227
Other operating charges -€167
Financial income +€151
Financial charges +€626
Taxes -€1,517
Result 2024 €4,499

Cash bridge derived

cash 2023 to 2024

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 +€8,811
Investment €0
Financing -€9,116
Cash 2023 €22,118
Net result for the year +€4,499
Depreciation +€3,230
Receivables within one year -€390
Deferred charges and accrued income -€36
Smaller working-capital items -€10
Tax, wage and social debts +€1,517
Debts after one year -€5,554
Current portion of long-term debt -€3,562
Cash 2024 €21,813
Every line side by side 41 lines
Line Code 2023 2024 Change %
Total assets 20/58 €61,203 €58,093 -€3,110 -5.1%
Fixed assets 21/28 €14,958 €11,728 -€3,230 -21.6%
Tangible fixed assets 22/27 €14,958 €11,728 -€3,230 -21.6%
Land and buildings 22 €14,958 €11,728 -€3,230 -21.6%
Current assets 29/58 €46,245 €46,365 +€120 +0.3%
Amounts receivable within one year 40/41 €23,071 €23,461 +€390 +1.7%
Trade receivables 40 - €145 +€145
Other amounts receivable 41 €23,071 €23,316 +€245 +1.1%
Cash at bank and in hand 54/58 €22,118 €21,813 -€305 -1.4%
Deferred charges and accrued income 490/1 €1,056 €1,091 +€36 +3.4%
Total equity and liabilities 10/49 €61,203 €58,093 -€3,110 -5.1%
Equity 10/15 €46,263 €50,762 +€4,499 +9.7%
Contributions 10/11 €18,600 €18,600 = 0.0%
Outside capital 11 €18,600 €18,600 = 0.0%
Other 1109/19 €18,600 €18,600 = 0.0%
Reserves 13 €27,663 €32,162 +€4,499 +16.3%
Non-distributable reserves 130/1 €1,860 - -€1,860
Reserves not available under the articles 1311 €1,860 - -€1,860
Distributable reserves 133 €25,803 €32,162 +€6,359 +24.6%
Amounts payable 17/49 €14,940 €7,331 -€7,609 -50.9%
Amounts payable after more than one year 17 €5,554 - -€5,554
Financial debts 170/4 €5,554 - -€5,554
Amounts payable within one year 42/48 €9,381 €7,331 -€2,050 -21.9%
Current portion of amounts payable after more than one year 42 €8,524 €4,961 -€3,562 -41.8%
Trade debts 44 €71 €66 -€5 -7.0%
Suppliers 440/4 €71 €66 -€5 -7.0%
Taxes, remuneration and social security 45 €787 €2,304 +€1,517 +192.8%
Taxes 450/3 €787 €2,304 +€1,517 +192.8%
Accrued charges and deferred income 492/3 €5 - -€5
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets 630 €3,458 €3,230 -€227 -6.6%
Other operating charges 640/8 €3,697 €3,865 +€167 +4.5%
Gross operating margin 9900 €9,640 €13,316 +€3,676 +38.1%
Operating profit (loss) 9901 €2,485 €6,221 +€3,736 +150.3%
Financial income 75/76B €1,255 €1,406 +€151 +12.0%
Recurring financial income 75 €1,255 €1,406 +€151 +12.0%
Financial charges 65/66B €1,450 €824 -€626 -43.2%
Recurring financial charges 65 €1,450 €824 -€626 -43.2%
Profit (loss) for the period before taxes 9903 €2,290 €6,803 +€4,513 +197.0%
Income taxes 67/77 €787 €2,304 +€1,517 +192.8%
Profit (loss) for the period 9904 €1,503 €4,499 +€2,996 +199.2%
Profit (loss) for the period to be appropriated 9905 €1,503 €4,499 +€2,996 +199.2%

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 29 September 2026 via checked.be.