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.
ELBAN
Largest movements
- Receivables within one year +€289,090
up €289,090 (+222.3%), from €130,017 to €419,107
of which Trade receivables: +€214,296
- Trade debts +€203,596
up €203,596 (+578.9%), from €35,170 to €238,766
- Tax, wage and social debts +€74,170
up €74,170 (+86.3%), from €85,899 to €160,068
of which Remuneration and social security: +€76,036
- Profit (loss) carried forward +€9,809
up €9,809 (+25.7%), from €38,142 to €47,951
- Gross operating margin -€42,142
down €42,142 (-28.0%), from €150,290 to €108,147
- Staff costs -€39,099
down €39,099 (-29.7%), from €131,771 to €92,672
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 | €160,210 | €447,785 | +€287,575 | +179.5% |
| Fixed assets | 21/28 | €17,823 | €15,823 | -€2,000 | -11.2% |
| Intangible fixed assets | 21 | €12,967 | €10,967 | -€2,000 | -15.4% |
| Financial fixed assets | 28 | €4,856 | €4,856 | = | 0.0% |
| Current assets | 29/58 | €142,387 | €431,962 | +€289,575 | +203.4% |
| Stocks and contracts in progress | 3 | €1,368 | €1,096 | -€271 | -19.8% |
| Stocks | 30/36 | €1,368 | €1,096 | -€271 | -19.8% |
| Amounts receivable within one year | 40/41 | €130,017 | €419,107 | +€289,090 | +222.3% |
| Trade receivables | 40 | €128,819 | €343,115 | +€214,296 | +166.4% |
| Other amounts receivable | 41 | €1,198 | €75,992 | +€74,794 | +6242.5% |
| Cash at bank and in hand | 54/58 | €10,753 | €11,071 | +€317 | +3.0% |
| Deferred charges and accrued income | 490/1 | €249 | €688 | +€439 | +176.3% |
| Total equity and liabilities | 10/49 | €160,210 | €447,785 | +€287,575 | +179.5% |
| Equity | 10/15 | €39,142 | €48,951 | +€9,809 | +25.1% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €38,142 | €47,951 | +€9,809 | +25.7% |
| Amounts payable | 17/49 | €121,068 | €398,834 | +€277,766 | +229.4% |
| Amounts payable within one year | 42/48 | €121,068 | €398,834 | +€277,766 | +229.4% |
| Trade debts | 44 | €35,170 | €238,766 | +€203,596 | +578.9% |
| Suppliers | 440/4 | €35,170 | €238,766 | +€203,596 | +578.9% |
| Taxes, remuneration and social security | 45 | €85,899 | €160,068 | +€74,170 | +86.3% |
| Taxes | 450/3 | €54,176 | €52,310 | -€1,867 | -3.4% |
| Remuneration and social security | 454/9 | €31,722 | €107,759 | +€76,036 | +239.7% |
| Remuneration, social security and pensions | 62 | €131,771 | €92,672 | -€39,099 | -29.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,000 | €2,000 | = | 0.0% |
| Other operating charges | 640/8 | €1,670 | €382 | -€1,288 | -77.1% |
| Gross operating margin | 9900 | €150,290 | €108,147 | -€42,142 | -28.0% |
| Operating profit (loss) | 9901 | €14,849 | €13,094 | -€1,755 | -11.8% |
| Financial charges | 65/66B | €931 | €478 | -€453 | -48.6% |
| Recurring financial charges | 65 | €931 | €478 | -€453 | -48.6% |
| Profit (loss) for the period before taxes | 9903 | €13,918 | €12,616 | -€1,303 | -9.4% |
| Income taxes | 67/77 | €2,851 | €2,806 | -€45 | -1.6% |
| Profit (loss) for the period | 9904 | €11,067 | €9,809 | -€1,258 | -11.4% |
| Profit (loss) for the period to be appropriated | 9905 | €11,067 | €9,809 | -€1,258 | -11.4% |
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 27 September 2026 via checked.be.