Eltisol: 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.
Eltisol
Largest movements
- Current investments +€100,696
new in 2024: €100,696
- Receivables within one year -€64,927
down €64,927 (-59.8%), from €108,610 to €43,683
of which Other amounts receivable: -€60,661
- Cash +€11,961
up €11,961 (+60.9%), from €19,645 to €31,606
mainly Receivables within one year (+€64,927) and Net result for the year (+€40,859)
- Reserves +€40,859
up €40,859 (+66.4%), from €61,536 to €102,396
- Trade debts +€15,952
up €15,952 (+146.3%), from €10,907 to €26,859
- Tax, wage and social debts -€10,531
down €10,531 (-20.6%), from €51,071 to €40,540
of which Remuneration and social security: -€7,475
- Staff costs -€50,787
down €50,787 (-45.6%), from €111,461 to €60,674
- Gross operating margin -€48,134
down €48,134 (-28.2%), from €170,443 to €122,310
- Taxes +€4,410
up €4,410 (+36.2%), from €12,176 to €16,585
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 | €133,971 | €181,643 | +€47,671 | +35.6% |
| Fixed assets | 21/28 | €973 | €768 | -€205 | -21.1% |
| Tangible fixed assets | 22/27 | €973 | €768 | -€205 | -21.1% |
| Plant, machinery and equipment | 23 | €973 | €768 | -€205 | -21.1% |
| Current assets | 29/58 | €132,998 | €180,875 | +€47,877 | +36.0% |
| Amounts receivable within one year | 40/41 | €108,610 | €43,683 | -€64,927 | -59.8% |
| Trade receivables | 40 | €47,271 | €43,006 | -€4,266 | -9.0% |
| Other amounts receivable | 41 | €61,339 | €677 | -€60,661 | -98.9% |
| Current investments | 50/53 | - | €100,696 | +€100,696 | |
| Cash at bank and in hand | 54/58 | €19,645 | €31,606 | +€11,961 | +60.9% |
| Deferred charges and accrued income | 490/1 | €4,743 | €4,891 | +€147 | +3.1% |
| Total equity and liabilities | 10/49 | €133,971 | €181,643 | +€47,671 | +35.6% |
| Equity | 10/15 | €64,536 | €105,396 | +€40,859 | +63.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €61,536 | €102,396 | +€40,859 | +66.4% |
| Distributable reserves | 133 | €61,536 | €102,396 | +€40,859 | +66.4% |
| Amounts payable | 17/49 | €69,435 | €76,247 | +€6,812 | +9.8% |
| Amounts payable within one year | 42/48 | €68,896 | €75,058 | +€6,161 | +8.9% |
| Financial debts | 43 | €156 | €178 | +€22 | +14.4% |
| Credit institutions | 430/8 | €156 | €178 | +€22 | +14.4% |
| Trade debts | 44 | €10,907 | €26,859 | +€15,952 | +146.3% |
| Suppliers | 440/4 | €10,907 | €26,859 | +€15,952 | +146.3% |
| Taxes, remuneration and social security | 45 | €51,071 | €40,540 | -€10,531 | -20.6% |
| Taxes | 450/3 | €37,198 | €34,142 | -€3,056 | -8.2% |
| Remuneration and social security | 454/9 | €13,872 | €6,398 | -€7,475 | -53.9% |
| Other amounts payable | 47/48 | €6,763 | €7,480 | +€717 | +10.6% |
| Accrued charges and deferred income | 492/3 | €539 | €1,190 | +€651 | +120.7% |
| Remuneration, social security and pensions | 62 | €111,461 | €60,674 | -€50,787 | -45.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €53 | €205 | +€152 | +284.2% |
| Other operating charges | 640/8 | €746 | €1,168 | +€422 | +56.5% |
| Non-recurring operating charges | 66A | - | €1,898 | +€1,898 | |
| Gross operating margin | 9900 | €170,443 | €122,310 | -€48,134 | -28.2% |
| Operating profit (loss) | 9901 | €58,183 | €58,365 | +€182 | +0.3% |
| Financial income | 75/76B | €210 | €1,587 | +€1,376 | +654.0% |
| Recurring financial income | 75 | €210 | €1,587 | +€1,376 | +654.0% |
| Financial charges | 65/66B | €1,880 | €2,507 | +€627 | +33.4% |
| Recurring financial charges | 65 | €1,880 | €2,507 | +€627 | +33.4% |
| Profit (loss) for the period before taxes | 9903 | €56,514 | €57,445 | +€931 | +1.6% |
| Income taxes | 67/77 | €12,176 | €16,585 | +€4,410 | +36.2% |
| Profit (loss) for the period | 9904 | €44,338 | €40,859 | -€3,479 | -7.8% |
| Profit (loss) for the period to be appropriated | 9905 | €44,338 | €40,859 | -€3,479 | -7.8% |
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 30 September 2026 via checked.be.