What Els: 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.
What Els
Largest movements
- Cash -€10,215
down €10,215 (-23.2%), from €44,011 to €33,797
mainly Trade debts (-€13,701) and Stocks and contracts (-€6,326)
- Stocks and contracts +€6,326
new in 2024: €6,326
- Receivables within one year +€5,098
up €5,098 (+23.7%), from €21,476 to €26,575
of which Other amounts receivable: +€7,888
- Tangible fixed assets -€1,800
down €1,800 (-24.8%), from €7,251 to €5,452
of which Furniture and vehicles: -€992
- Trade debts -€13,701
down €13,701 (-65.1%), from €21,038 to €7,337
- Reserves +€10,380
up €10,380 (+27.0%), from €38,467 to €48,847
- Tax, wage and social debts +€2,447
up €2,447 (+27.1%), from €9,018 to €11,465
- Staff costs -€21,635
down €21,635 (-98.7%), from €21,920 to €286
- Gross operating margin -€20,841
down €20,841 (-45.7%), from €45,587 to €24,745
- Financial charges +€3,214
up €3,214 (+70.8%), from €4,543 to €7,757
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 | €74,523 | €73,649 | -€873 | -1.2% |
| Fixed assets | 21/28 | €8,751 | €6,952 | -€1,800 | -20.6% |
| Tangible fixed assets | 22/27 | €7,251 | €5,452 | -€1,800 | -24.8% |
| Land and buildings | 22 | €2,933 | €2,784 | -€149 | -5.1% |
| Plant, machinery and equipment | 23 | €1,938 | €1,279 | -€659 | -34.0% |
| Furniture and vehicles | 24 | €2,381 | €1,389 | -€992 | -41.7% |
| Financial fixed assets | 28 | €1,500 | €1,500 | = | 0.0% |
| Current assets | 29/58 | €65,771 | €66,698 | +€926 | +1.4% |
| Stocks and contracts in progress | 3 | - | €6,326 | +€6,326 | |
| Stocks | 30/36 | - | €6,326 | +€6,326 | |
| Amounts receivable within one year | 40/41 | €21,476 | €26,575 | +€5,098 | +23.7% |
| Trade receivables | 40 | €4,977 | €2,187 | -€2,790 | -56.1% |
| Other amounts receivable | 41 | €16,500 | €24,388 | +€7,888 | +47.8% |
| Cash at bank and in hand | 54/58 | €44,011 | €33,797 | -€10,215 | -23.2% |
| Deferred charges and accrued income | 490/1 | €284 | - | -€284 | |
| Total equity and liabilities | 10/49 | €74,523 | €73,649 | -€873 | -1.2% |
| Equity | 10/15 | €44,467 | €54,847 | +€10,380 | +23.3% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Capital | 10 | €6,000 | €6,000 | = | 0.0% |
| Issued capital | 100 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €38,467 | €48,847 | +€10,380 | +27.0% |
| Distributable reserves | 133 | €38,467 | €48,847 | +€10,380 | +27.0% |
| Amounts payable | 17/49 | €30,056 | €18,803 | -€11,253 | -37.4% |
| Amounts payable within one year | 42/48 | €30,056 | €18,803 | -€11,253 | -37.4% |
| Trade debts | 44 | €21,038 | €7,337 | -€13,701 | -65.1% |
| Suppliers | 440/4 | €21,038 | €7,337 | -€13,701 | -65.1% |
| Taxes, remuneration and social security | 45 | €9,018 | €11,465 | +€2,447 | +27.1% |
| Taxes | 450/3 | €9,018 | €11,465 | +€2,447 | +27.1% |
| Remuneration, social security and pensions | 62 | €21,920 | €286 | -€21,635 | -98.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,692 | €1,800 | +€107 | +6.3% |
| Other operating charges | 640/8 | €841 | €1,019 | +€178 | +21.2% |
| Gross operating margin | 9900 | €45,587 | €24,745 | -€20,841 | -45.7% |
| Operating profit (loss) | 9901 | €21,133 | €21,641 | +€508 | +2.4% |
| Financial income | 75/76B | €3 | €1 | -€2 | -67.1% |
| Recurring financial income | 75 | €3 | €1 | -€2 | -67.1% |
| Financial charges | 65/66B | €4,543 | €7,757 | +€3,214 | +70.8% |
| Recurring financial charges | 65 | €4,543 | €7,757 | +€3,214 | +70.8% |
| Profit (loss) for the period before taxes | 9903 | €16,593 | €13,884 | -€2,709 | -16.3% |
| Income taxes | 67/77 | €3,500 | €3,504 | +€4 | +0.1% |
| Profit (loss) for the period | 9904 | €13,092 | €10,380 | -€2,712 | -20.7% |
| Profit (loss) for the period to be appropriated | 9905 | €13,092 | €10,380 | -€2,712 | -20.7% |
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 6 October 2026 via checked.be.