Elza: 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.
Elza
Largest movements
- Deferred charges and accrued income -€35,490
no longer reported in 2024 (was €35,490)
- Receivables within one year +€22,025
up €22,025 (+9.6%), from €228,885 to €250,909
of which Trade receivables: +€30,858
- Tangible fixed assets -€9,867
down €9,867 (-71.9%), from €13,719 to €3,852
- Tax, wage and social debts -€19,512
down €19,512 (-61.0%), from €31,967 to €12,455
- Trade debts -€13,072
no longer reported in 2024 (was €13,072)
- Profit (loss) carried forward +€9,853
up €9,853 (+5.0%), from €197,318 to €207,170
- Debts after one year -€6,383
down €6,383 (-79.5%), from €8,026 to €1,643
- Other debts +€4,809
up €4,809 (+19.4%), from €24,730 to €29,539
- Gross operating margin -€53,518
down €53,518 (-67.4%), from €79,445 to €25,927
- Taxes -€12,469
down €12,469 (-79.8%), from €15,630 to €3,160
- Depreciation +€4,813
up €4,813 (+95.2%), from €5,054 to €9,867
- Other operating charges +€1,251
up €1,251 (+134%), from €937 to €2,188
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
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 | €289,203 | €265,702 | -€23,501 | -8.1% |
| Fixed assets | 21/28 | €13,719 | €3,852 | -€9,867 | -71.9% |
| Tangible fixed assets | 22/27 | €13,719 | €3,852 | -€9,867 | -71.9% |
| Furniture and vehicles | 24 | €13,719 | €3,852 | -€9,867 | -71.9% |
| Current assets | 29/58 | €275,484 | €261,850 | -€13,634 | -4.9% |
| Amounts receivable within one year | 40/41 | €228,885 | €250,909 | +€22,025 | +9.6% |
| Trade receivables | 40 | €216,909 | €247,767 | +€30,858 | +14.2% |
| Other amounts receivable | 41 | €11,975 | €3,142 | -€8,833 | -73.8% |
| Cash at bank and in hand | 54/58 | €11,109 | €10,940 | -€169 | -1.5% |
| Deferred charges and accrued income | 490/1 | €35,490 | - | -€35,490 | |
| Total equity and liabilities | 10/49 | €289,203 | €265,702 | -€23,501 | -8.1% |
| Equity | 10/15 | €205,318 | €215,170 | +€9,853 | +4.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Capital | 10 | €6,200 | €6,200 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,800 | €1,800 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,800 | €1,800 | = | 0.0% |
| Legal reserve | 130 | €1,800 | €1,800 | = | 0.0% |
| Profit (loss) carried forward | 14 | €197,318 | €207,170 | +€9,853 | +5.0% |
| Amounts payable | 17/49 | €83,885 | €50,531 | -€33,354 | -39.8% |
| Amounts payable after more than one year | 17 | €8,026 | €1,643 | -€6,383 | -79.5% |
| Financial debts | 170/4 | €8,026 | €1,643 | -€6,383 | -79.5% |
| Amounts payable within one year | 42/48 | €75,859 | €48,888 | -€26,971 | -35.6% |
| Current portion of amounts payable after more than one year | 42 | €6,090 | €6,895 | +€804 | +13.2% |
| Trade debts | 44 | €13,072 | - | -€13,072 | |
| Suppliers | 440/4 | €13,072 | - | -€13,072 | |
| Taxes, remuneration and social security | 45 | €31,967 | €12,455 | -€19,512 | -61.0% |
| Taxes | 450/3 | €31,967 | €12,455 | -€19,512 | -61.0% |
| Other amounts payable | 47/48 | €24,730 | €29,539 | +€4,809 | +19.4% |
| Remuneration, social security and pensions | 62 | €66 | - | -€66 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,054 | €9,867 | +€4,813 | +95.2% |
| Other operating charges | 640/8 | €937 | €2,188 | +€1,251 | +134% |
| Gross operating margin | 9900 | €79,445 | €25,927 | -€53,518 | -67.4% |
| Operating profit (loss) | 9901 | €73,388 | €13,872 | -€59,516 | -81.1% |
| Financial charges | 65/66B | €920 | €859 | -€61 | -6.7% |
| Recurring financial charges | 65 | €920 | €859 | -€61 | -6.7% |
| Profit (loss) for the period before taxes | 9903 | €72,468 | €13,013 | -€59,455 | -82.0% |
| Income taxes | 67/77 | €15,630 | €3,160 | -€12,469 | -79.8% |
| Profit (loss) for the period | 9904 | €56,839 | €9,853 | -€46,986 | -82.7% |
| Profit (loss) for the period to be appropriated | 9905 | €56,839 | €9,853 | -€46,986 | -82.7% |
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 23 October 2026 via checked.be.