ELPIDIA: 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.
ELPIDIA
Largest movements
- Stocks and contracts -€310,537
down €310,537 (-81.1%), from €382,788 to €72,251
- Tangible fixed assets -€57,313
down €57,313 (-5.4%), from €1.1m to €1.0m
of which Land and buildings: -€80,926
- Receivables within one year -€47,352
down €47,352 (-28.2%), from €167,763 to €120,411
of which Other amounts receivable: -€50,000
- Other debts -€294,160
down €294,160 (-67.3%), from €437,335 to €143,175
- Profit (loss) carried forward -€96,557
down €96,557 (-31.9%), from -€302,651 to -€399,207
- Trade debts +€29,736
up €29,736 (+99.5%), from €29,893 to €59,628
- Current portion of long-term debt -€27,619
down €27,619 (-32.0%), from €86,430 to €58,811
- Debts after one year -€23,831
down €23,831 (-4.6%), from €514,294 to €490,463
- Gross operating margin +€31,701
up €31,701 (+49.4%), from €64,178 to €95,879
- Financial charges -€10,794
down €10,794 (-24.9%), from €43,431 to €32,637
of which Financial charges: -€11,321
- Other operating charges -€6,748
down €6,748 (-38.4%), from €17,558 to €10,809
- Taxes +€5,707
up €5,707, from -€2,828 to €2,879
- Financial income +€1,643
up €1,643 (+907.3%), from €181 to €1,825
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 | €1,668,862 | €1,254,339 | -€414,523 | -24.8% |
| Fixed assets | 21/28 | €1,060,730 | €1,003,417 | -€57,313 | -5.4% |
| Tangible fixed assets | 22/27 | €1,058,630 | €1,001,317 | -€57,313 | -5.4% |
| Land and buildings | 22 | €556,173 | €475,247 | -€80,926 | -14.6% |
| Plant, machinery and equipment | 23 | €383,486 | €417,488 | +€34,003 | +8.9% |
| Furniture and vehicles | 24 | €78,679 | €81,103 | +€2,425 | +3.1% |
| Leasing and similar rights | 25 | €40,293 | €27,479 | -€12,814 | -31.8% |
| Financial fixed assets | 28 | €2,100 | €2,100 | = | 0.0% |
| Current assets | 29/58 | €608,132 | €250,922 | -€357,210 | -58.7% |
| Stocks and contracts in progress | 3 | €382,788 | €72,251 | -€310,537 | -81.1% |
| Stocks | 30/36 | €382,788 | €72,251 | -€310,537 | -81.1% |
| Amounts receivable within one year | 40/41 | €167,763 | €120,411 | -€47,352 | -28.2% |
| Trade receivables | 40 | €117,763 | €120,411 | +€2,648 | +2.2% |
| Other amounts receivable | 41 | €50,000 | - | -€50,000 | |
| Cash at bank and in hand | 54/58 | €29,591 | €30,270 | +€679 | +2.3% |
| Deferred charges and accrued income | 490/1 | €27,989 | €27,989 | = | 0.0% |
| Total equity and liabilities | 10/49 | €1,668,862 | €1,254,339 | -€414,523 | -24.8% |
| Equity | 10/15 | €355,549 | €258,993 | -€96,557 | -27.2% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €596,200 | €596,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €590,000 | €590,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€302,651 | -€399,207 | -€96,557 | -31.9% |
| Provisions and deferred taxes | 16 | €239,333 | €239,333 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €239,333 | €239,333 | = | 0.0% |
| Other liabilities and charges | 164/5 | €239,333 | €239,333 | = | 0.0% |
| Amounts payable | 17/49 | €1,073,979 | €756,013 | -€317,966 | -29.6% |
| Amounts payable after more than one year | 17 | €514,294 | €490,463 | -€23,831 | -4.6% |
| Financial debts | 170/4 | €514,294 | €490,463 | -€23,831 | -4.6% |
| Amounts payable within one year | 42/48 | €559,685 | €265,549 | -€294,135 | -52.6% |
| Current portion of amounts payable after more than one year | 42 | €86,430 | €58,811 | -€27,619 | -32.0% |
| Trade debts | 44 | €29,893 | €59,628 | +€29,736 | +99.5% |
| Suppliers | 440/4 | €29,893 | €59,628 | +€29,736 | +99.5% |
| Taxes, remuneration and social security | 45 | €6,027 | €3,935 | -€2,092 | -34.7% |
| Taxes | 450/3 | €6,027 | €3,935 | -€2,092 | -34.7% |
| Other amounts payable | 47/48 | €437,335 | €143,175 | -€294,160 | -67.3% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €146,346 | €147,935 | +€1,588 | +1.1% |
| Other operating charges | 640/8 | €17,558 | €10,809 | -€6,748 | -38.4% |
| Gross operating margin | 9900 | €64,178 | €95,879 | +€31,701 | +49.4% |
| Operating profit (loss) | 9901 | -€99,726 | -€62,865 | +€36,861 | +37.0% |
| Financial income | 75/76B | €181 | €1,825 | +€1,643 | +907.3% |
| Recurring financial income | 75 | €181 | €1,825 | +€1,643 | +907.3% |
| Financial charges | 65/66B | €43,431 | €32,637 | -€10,794 | -24.9% |
| Recurring financial charges | 65 | €42,124 | €30,803 | -€11,321 | -26.9% |
| Non-recurring financial charges | 66B | €1,307 | €1,834 | +€527 | +40.3% |
| Profit (loss) for the period before taxes | 9903 | -€142,976 | -€93,677 | +€49,298 | +34.5% |
| Income taxes | 67/77 | -€2,828 | €2,879 | +€5,707 | |
| Profit (loss) for the period | 9904 | -€140,148 | -€96,557 | +€43,591 | +31.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€140,148 | -€96,557 | +€43,591 | +31.1% |
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 9 October 2026 via checked.be.