ELPERS: 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.
What changed
ELPERS
NACE 43.990, Other specialised construction activities
financial year 2023 against 2024filed annual accounts (NBB)
Net result for the year
€323,512
2023 · €277,485+€46,028
Equity
€1.3m
2023 · €1.3m
Cash
€230,857
2023 · €301,820-€70,963
Balance sheet total
€2.6m
2023 · €2.4m+€127,921
Largest movements
Assets
- Receivables within one year +€115,149
up €115,149 (+6.5%), from €1.8m to €1.9m
of which Trade receivables: +€109,861
- Current investments +€80,000
new in 2024: €80,000
- Cash -€70,963
down €70,963 (-23.5%), from €301,820 to €230,857
mainly Contributions, distributions and other (-€323,512) and Receivables within one year (-€115,149)
Equity and liabilities
- Trade debts +€133,764
up €133,764 (+71.0%), from €188,446 to €322,210
- Other debts +€46,118
up €46,118 (+13.3%), from €346,982 to €393,100
- Debts after one year -€33,387
down €33,387 (-100.0%), from €33,387 to €0
Income statement
- Gross operating margin -€131,359
down €131,359 (-8.4%), from €1.6m to €1.4m
- Staff costs -€125,335
down €125,335 (-11.9%), from €1.1m to €931,358
- Financial income +€25,889
up €25,889 (+137.6%), from €18,813 to €44,702
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
€277,485
Gross operating margin
-€131,359
Staff costs
+€125,335
Depreciation
+€1,655
Provisions
-€2,116
Other operating charges
+€4,929
Other operating items
+€15,571
Financial income
+€25,889
Financial charges
-€4,286
Taxes
+€10,409
Result 2024
€323,512
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
+€440,774
Investment
-€150,910
Financing
-€360,827
Cash 2023
€301,820
From operations (derived)
+€440,774
Net result for the year
+€323,512
Depreciation
+€71,694
Stocks and contracts
-€1,307
Receivables within one year
-€115,149
Deferred charges and accrued income
-€3,211
Trade debts
+€133,764
Tax, wage and social debts
-€14,646
Other debts
+€46,118
Investment (derived)
-€150,910
Investment in fixed assets (net)
-€70,910
Current investments
-€80,000
Financing
-€360,827
Debts after one year
-€33,387
Current portion of long-term debt
-€3,927
Contributions, distributions and other
-€323,512
Cash 2024
€230,857
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,444,370 | €2,572,291 | +€127,921 | +5.2% |
| Fixed assets | 21/28 | €338,284 | €337,500 | -€784 | -0.2% |
| Tangible fixed assets | 22/27 | €204,356 | €203,573 | -€784 | -0.4% |
| Plant, machinery and equipment | 23 | €55,066 | €53,958 | -€1,108 | -2.0% |
| Furniture and vehicles | 24 | €149,290 | €149,615 | +€324 | +0.2% |
| Financial fixed assets | 28 | €133,928 | €133,928 | = | 0.0% |
| Current assets | 29/58 | €2,106,086 | €2,234,790 | +€128,705 | +6.1% |
| Stocks and contracts in progress | 3 | €7,635 | €8,942 | +€1,307 | +17.1% |
| Stocks | 30/36 | €7,635 | €8,942 | +€1,307 | +17.1% |
| Amounts receivable within one year | 40/41 | €1,766,028 | €1,881,177 | +€115,149 | +6.5% |
| Trade receivables | 40 | €745,126 | €854,987 | +€109,861 | +14.7% |
| Other amounts receivable | 41 | €1,020,902 | €1,026,190 | +€5,288 | +0.5% |
| Current investments | 50/53 | - | €80,000 | +€80,000 | |
| Cash at bank and in hand | 54/58 | €301,820 | €230,857 | -€70,963 | -23.5% |
| Deferred charges and accrued income | 490/1 | €30,603 | €33,814 | +€3,211 | +10.5% |
| Total equity and liabilities | 10/49 | €2,444,370 | €2,572,291 | +€127,921 | +5.2% |
| Equity | 10/15 | €1,264,005 | €1,264,005 | = | 0.0% |
| Contributions | 10/11 | €376,798 | €376,798 | = | 0.0% |
| Capital | 10 | €376,798 | €376,798 | = | 0.0% |
| Issued capital | 100 | €376,798 | €376,798 | = | 0.0% |
| Reserves | 13 | €153,175 | €153,175 | = | 0.0% |
| Non-distributable reserves | 130/1 | €37,680 | €37,680 | = | 0.0% |
| Legal reserve | 130 | €37,680 | €37,680 | = | 0.0% |
| Distributable reserves | 133 | €115,495 | €115,495 | = | 0.0% |
| Profit (loss) carried forward | 14 | €734,032 | €734,032 | = | 0.0% |
| Provisions and deferred taxes | 16 | €429,112 | €429,112 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €429,112 | €429,112 | = | 0.0% |
| Pensions and similar obligations | 160 | €429,112 | - | -€429,112 | |
| Environmental obligations | 163 | - | €429,112 | +€429,112 | |
| Amounts payable | 17/49 | €751,253 | €879,174 | +€127,921 | +17.0% |
| Amounts payable after more than one year | 17 | €33,387 | €0 | -€33,387 | -100.0% |
| Financial debts | 170/4 | €33,387 | €0 | -€33,387 | -100.0% |
| Amounts payable within one year | 42/48 | €717,866 | €879,174 | +€161,308 | +22.5% |
| Current portion of amounts payable after more than one year | 42 | €39,515 | €35,587 | -€3,927 | -9.9% |
| Trade debts | 44 | €188,446 | €322,210 | +€133,764 | +71.0% |
| Suppliers | 440/4 | €188,446 | €322,210 | +€133,764 | +71.0% |
| Taxes, remuneration and social security | 45 | €142,923 | €128,277 | -€14,646 | -10.2% |
| Taxes | 450/3 | €14,010 | €18,296 | +€4,286 | +30.6% |
| Remuneration and social security | 454/9 | €128,912 | €109,981 | -€18,932 | -14.7% |
| Other amounts payable | 47/48 | €346,982 | €393,100 | +€46,118 | +13.3% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €0 | €1,387 | +€1,387 | |
| Remuneration, social security and pensions | 62 | €1,056,693 | €931,358 | -€125,335 | -11.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €73,348 | €71,694 | -€1,655 | -2.3% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €378 | €2,494 | +€2,116 | +559.8% |
| Other operating charges | 640/8 | €21,123 | €16,193 | -€4,929 | -23.3% |
| Non-recurring operating charges | 66A | €16,086 | €515 | -€15,571 | -96.8% |
| Gross operating margin | 9900 | €1,562,809 | €1,431,450 | -€131,359 | -8.4% |
| Operating profit (loss) | 9901 | €395,181 | €409,197 | +€14,016 | +3.5% |
| Financial income | 75/76B | €18,813 | €44,702 | +€25,889 | +137.6% |
| Recurring financial income | 75 | €18,813 | €44,702 | +€25,889 | +137.6% |
| Financial charges | 65/66B | €14,170 | €18,457 | +€4,286 | +30.2% |
| Recurring financial charges | 65 | €14,170 | €18,457 | +€4,286 | +30.2% |
| Profit (loss) for the period before taxes | 9903 | €399,824 | €435,442 | +€35,618 | +8.9% |
| Income taxes | 67/77 | €122,339 | €111,930 | -€10,409 | -8.5% |
| Profit (loss) for the period | 9904 | €277,485 | €323,512 | +€46,028 | +16.6% |
| Profit (loss) for the period to be appropriated | 9905 | €277,485 | €323,512 | +€46,028 | +16.6% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.