ERELIM: 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.
ERELIM
Largest movements
- Receivables within one year -€71,123
no longer reported in 2024 (was €71,123)
- Tangible fixed assets +€61,425
up €61,425 (+11.8%), from €522,622 to €584,047
- Cash +€15,689
up €15,689 (+1389.5%), from €1,129 to €16,818
mainly Contributions, distributions and other (+€145,076) and Receivables within one year (+€71,123)
- Trade debts +€62,512
up €62,512 (+46.6%), from €134,259 to €196,771
of which Bills of exchange payable: +€91,780
- Other debts -€41,223
down €41,223 (-3.0%), from €1.4m to €1.3m
- Profit (loss) carried forward -€15,298
down €15,298 (-1.0%), from -€1.5m to -€1.5m
- Depreciation -€81,368
down €81,368 (-80.3%), from €101,312 to €19,944
- Gross operating margin +€5,759
up €5,759 (+4.6%), from -€125,958 to -€120,199
- Other operating charges +€1,514
up €1,514 (+8.1%), from €18,592 to €20,106
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 | €594,874 | €600,865 | +€5,991 | +1.0% |
| Fixed assets | 21/28 | €522,622 | €584,047 | +€61,425 | +11.8% |
| Tangible fixed assets | 22/27 | €522,622 | €584,047 | +€61,425 | +11.8% |
| Land and buildings | 22 | €522,622 | €584,047 | +€61,425 | +11.8% |
| Current assets | 29/58 | €72,252 | €16,818 | -€55,434 | -76.7% |
| Amounts receivable within one year | 40/41 | €71,123 | - | -€71,123 | |
| Other amounts receivable | 41 | €71,123 | - | -€71,123 | |
| Cash at bank and in hand | 54/58 | €1,129 | €16,818 | +€15,689 | +1389.5% |
| Total equity and liabilities | 10/49 | €594,874 | €600,865 | +€5,991 | +1.0% |
| Equity | 10/15 | -€1,025,629 | -€1,040,928 | -€15,298 | -1.5% |
| Contributions | 10/11 | €80,566 | €80,566 | = | 0.0% |
| Capital | 10 | €80,566 | €80,566 | = | 0.0% |
| Issued capital | 100 | €80,566 | €80,566 | = | 0.0% |
| Reserves | 13 | €381,800 | €381,800 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,143 | €1,143 | = | 0.0% |
| Legal reserve | 130 | €1,143 | €1,143 | = | 0.0% |
| Tax-exempt reserves | 132 | €233,256 | €233,256 | = | 0.0% |
| Distributable reserves | 133 | €147,401 | €147,401 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,487,995 | -€1,503,293 | -€15,298 | -1.0% |
| Provisions and deferred taxes | 16 | €120,109 | €120,109 | = | 0.0% |
| Deferred taxes | 168 | €120,109 | €120,109 | = | 0.0% |
| Amounts payable | 17/49 | €1,500,395 | €1,521,684 | +€21,289 | +1.4% |
| Amounts payable within one year | 42/48 | €1,500,395 | €1,521,684 | +€21,289 | +1.4% |
| Trade debts | 44 | €134,259 | €196,771 | +€62,512 | +46.6% |
| Suppliers | 440/4 | €134,259 | €104,991 | -€29,268 | -21.8% |
| Bills of exchange payable | 441 | - | €91,780 | +€91,780 | |
| Other amounts payable | 47/48 | €1,366,136 | €1,324,913 | -€41,223 | -3.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €101,312 | €19,944 | -€81,368 | -80.3% |
| Other operating charges | 640/8 | €18,592 | €20,106 | +€1,514 | +8.1% |
| Gross operating margin | 9900 | -€125,958 | -€120,199 | +€5,759 | +4.6% |
| Operating profit (loss) | 9901 | -€245,862 | -€160,248 | +€85,614 | +34.8% |
| Financial income | 75/76B | €64 | - | -€64 | |
| Recurring financial income | 75 | €64 | - | -€64 | |
| Financial charges | 65/66B | €240 | €126 | -€114 | -47.5% |
| Recurring financial charges | 65 | €240 | €126 | -€114 | -47.5% |
| Profit (loss) for the period before taxes | 9903 | -€246,038 | -€160,374 | +€85,664 | +34.8% |
| Profit (loss) for the period | 9904 | -€246,038 | -€160,374 | +€85,664 | +34.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€246,038 | -€160,374 | +€85,664 | +34.8% |
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 3 October 2026 via checked.be.