ELRENO: 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.
ELRENO
Largest movements
- Tangible fixed assets +€16,010
up €16,010 (+22.1%), from €72,302 to €88,312
of which Plant, machinery and equipment: +€21,070
- Receivables within one year +€2,709
up €2,709 (+12.2%), from €22,222 to €24,931
- Debts after one year +€15,302
up €15,302 (+112%), from €13,666 to €28,968
- Short-term financial debts -€7,815
down €7,815 (-56.9%), from €13,730 to €5,915
of which Other loans: -€6,500
- Current portion of long-term debt +€4,086
up €4,086 (+116%), from €3,522 to €7,608
- Other debts +€4,000
new in 2024: €4,000
- Trade debts +€1,916
up €1,916 (+23.9%), from €8,023 to €9,939
- Gross operating margin +€9,845
up €9,845 (+74.6%), from €13,200 to €23,045
- Financial charges +€6,754
up €6,754 (+465%), from €1,452 to €8,206
- Depreciation +€1,237
up €1,237 (+21.4%), from €5,769 to €7,006
- Taxes -€589
down €589 (-31.7%), from €1,857 to €1,268
- Other operating charges +€336
up €336 (+23.8%), from €1,414 to €1,750
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.
Derived cash bridge
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €96,044 | €114,763 | +€18,719 | +19.5% |
| Fixed assets | 21/28 | €72,302 | €88,312 | +€16,010 | +22.1% |
| Tangible fixed assets | 22/27 | €72,302 | €88,312 | +€16,010 | +22.1% |
| Land and buildings | 22 | €70,514 | €67,214 | -€3,300 | -4.7% |
| Plant, machinery and equipment | 23 | €28 | €21,098 | +€21,070 | +75,250% |
| Furniture and vehicles | 24 | €1,760 | - | -€1,760 | |
| Current assets | 29/58 | €23,742 | €26,451 | +€2,709 | +11.4% |
| Stocks and contracts in progress | 3 | €1,520 | €1,520 | = | 0.0% |
| Stocks | 30/36 | €1,520 | €1,520 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €22,222 | €24,931 | +€2,709 | +12.2% |
| Trade receivables | 40 | €22,222 | €24,931 | +€2,709 | +12.2% |
| Total equity and liabilities | 10/49 | €96,044 | €114,763 | +€18,719 | +19.5% |
| Equity | 10/15 | €54,382 | €55,206 | +€824 | +1.5% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €11,381 | €11,381 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €9,000 | €9,000 | = | 0.0% |
| Distributable reserves | 133 | €522 | €522 | = | 0.0% |
| Profit (loss) carried forward | 14 | €24,409 | €25,233 | +€824 | +3.4% |
| Amounts payable | 17/49 | €41,662 | €59,557 | +€17,895 | +43.0% |
| Amounts payable after more than one year | 17 | €13,666 | €28,968 | +€15,302 | +112% |
| Financial debts | 170/4 | €13,666 | €28,968 | +€15,302 | +112% |
| Amounts payable within one year | 42/48 | €27,996 | €30,589 | +€2,593 | +9.3% |
| Current portion of amounts payable after more than one year | 42 | €3,522 | €7,608 | +€4,086 | +116% |
| Financial debts | 43 | €13,730 | €5,915 | -€7,815 | -56.9% |
| Credit institutions | 430/8 | €7,230 | €5,915 | -€1,315 | -18.2% |
| Other loans | 439 | €6,500 | - | -€6,500 | |
| Trade debts | 44 | €8,023 | €9,939 | +€1,916 | +23.9% |
| Suppliers | 440/4 | €8,023 | €9,939 | +€1,916 | +23.9% |
| Taxes, remuneration and social security | 45 | €2,721 | €3,127 | +€406 | +14.9% |
| Taxes | 450/3 | €2,721 | €3,127 | +€406 | +14.9% |
| Other amounts payable | 47/48 | - | €4,000 | +€4,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,769 | €7,006 | +€1,237 | +21.4% |
| Other operating charges | 640/8 | €1,414 | €1,750 | +€336 | +23.8% |
| Gross operating margin | 9900 | €13,200 | €23,045 | +€9,845 | +74.6% |
| Operating profit (loss) | 9901 | €6,017 | €14,289 | +€8,272 | +137% |
| Financial income | 75/76B | - | €9 | +€9 | |
| Recurring financial income | 75 | - | €9 | +€9 | |
| Financial charges | 65/66B | €1,452 | €8,206 | +€6,754 | +465% |
| Recurring financial charges | 65 | €1,452 | €8,206 | +€6,754 | +465% |
| Profit (loss) for the period before taxes | 9903 | €4,565 | €6,092 | +€1,527 | +33.5% |
| Income taxes | 67/77 | €1,857 | €1,268 | -€589 | -31.7% |
| Profit (loss) for the period | 9904 | €2,708 | €4,824 | +€2,116 | +78.1% |
| Profit (loss) for the period to be appropriated | 9905 | €2,708 | €4,824 | +€2,116 | +78.1% |
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 24 October 2026 via checked.be.