ELSHA: 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.
ELSHA
Largest movements
- Receivables within one year -€36,437
down €36,437 (-87.4%), from €41,674 to €5,237
of which Trade receivables: -€33,597
- Trade debts -€37,133
down €37,133 (-91.0%), from €40,800 to €3,667
- Tax, wage and social debts +€7,850
up €7,850 (+1275.0%), from €616 to €8,466
- Other debts -€5,070
no longer reported in 2024 (was €5,070)
- Profit (loss) carried forward -€1,885
down €1,885 (-17.9%), from -€10,550 to -€12,435
- Other operating charges +€1,967
up €1,967 (+131.1%), from €1,501 to €3,468
- Gross operating margin +€1,027
up €1,027 (+63.7%), from €1,612 to €2,639
- Financial charges +€863
up €863 (+788.3%), from €109 to €973
- Financial income +€64
up €64 (+21.2%), from €302 to €366
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 | €42,135 | €5,898 | -€36,238 | -86.0% |
| Current assets | 29/58 | €42,135 | €5,898 | -€36,238 | -86.0% |
| Amounts receivable within one year | 40/41 | €41,674 | €5,237 | -€36,437 | -87.4% |
| Trade receivables | 40 | €35,505 | €1,908 | -€33,597 | -94.6% |
| Other amounts receivable | 41 | €6,168 | €3,329 | -€2,840 | -46.0% |
| Cash at bank and in hand | 54/58 | €462 | €661 | +€199 | +43.2% |
| Total equity and liabilities | 10/49 | €42,135 | €5,898 | -€36,238 | -86.0% |
| Equity | 10/15 | -€4,350 | -€6,235 | -€1,885 | -43.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€10,550 | -€12,435 | -€1,885 | -17.9% |
| Amounts payable | 17/49 | €46,486 | €12,133 | -€34,353 | -73.9% |
| Amounts payable within one year | 42/48 | €46,486 | €12,133 | -€34,353 | -73.9% |
| Trade debts | 44 | €40,800 | €3,667 | -€37,133 | -91.0% |
| Suppliers | 440/4 | €40,800 | €3,667 | -€37,133 | -91.0% |
| Taxes, remuneration and social security | 45 | €616 | €8,466 | +€7,850 | +1275.0% |
| Taxes | 450/3 | €616 | €8,466 | +€7,850 | +1275.0% |
| Other amounts payable | 47/48 | €5,070 | - | -€5,070 | |
| Other operating charges | 640/8 | €1,501 | €3,468 | +€1,967 | +131.1% |
| Gross operating margin | 9900 | €1,612 | €2,639 | +€1,027 | +63.7% |
| Operating profit (loss) | 9901 | €111 | -€829 | -€940 | |
| Financial income | 75/76B | €302 | €366 | +€64 | +21.2% |
| Recurring financial income | 75 | €302 | €366 | +€64 | +21.2% |
| Financial charges | 65/66B | €109 | €973 | +€863 | +788.3% |
| Recurring financial charges | 65 | €109 | €973 | +€863 | +788.3% |
| Profit (loss) for the period before taxes | 9903 | €304 | -€1,435 | -€1,739 | |
| Income taxes | 67/77 | €465 | €450 | -€15 | -3.2% |
| Profit (loss) for the period | 9904 | -€161 | -€1,885 | -€1,724 | -1071.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€161 | -€1,885 | -€1,724 | -1071.1% |
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 7 October 2026 via checked.be.