EL.LA.MA: 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.
EL.LA.MA
Largest movements
- Receivables within one year -€22,123
down €22,123 (-41.9%), from €52,756 to €30,633
of which Trade receivables: -€21,702
- Cash +€5,282
new in 2025: €5,282
mainly Receivables within one year (+€22,123) and Trade debts (+€18,942)
- Tangible fixed assets -€4,410
down €4,410 (-82.1%), from €5,371 to €961
of which Plant, machinery and equipment: -€2,872
- Trade debts +€18,942
up €18,942 (+37.3%), from €50,741 to €69,683
- Profit (loss) carried forward -€15,213
down €15,213 (-68.5%), from -€22,204 to -€37,417
- Short-term financial debts -€14,017
no longer reported in 2025 (was €14,017)
- Other debts -€10,963
down €10,963 (-80.8%), from €13,573 to €2,610
- Gross operating margin -€39,901
down €39,901, from €30,653 to -€9,248
- Other operating charges -€10,386
down €10,386 (-86.0%), from €12,076 to €1,690
- Taxes +€5,474
no longer reported in 2025 (was -€5,474)
- Financial charges -€1,641
down €1,641 (-59.5%), from €2,758 to €1,117
- Depreciation -€1,080
down €1,080 (-25.5%), from €4,238 to €3,158
From the 2024 result to the 2025 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 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €58,127 | €36,876 | -€21,251 | -36.6% |
| Fixed assets | 21/28 | €5,371 | €961 | -€4,410 | -82.1% |
| Tangible fixed assets | 22/27 | €5,371 | €961 | -€4,410 | -82.1% |
| Plant, machinery and equipment | 23 | €3,833 | €961 | -€2,872 | -74.9% |
| Furniture and vehicles | 24 | €1,538 | - | -€1,538 | |
| Current assets | 29/58 | €52,756 | €35,915 | -€16,841 | -31.9% |
| Amounts receivable within one year | 40/41 | €52,756 | €30,633 | -€22,123 | -41.9% |
| Trade receivables | 40 | €51,359 | €29,657 | -€21,702 | -42.3% |
| Other amounts receivable | 41 | €1,397 | €976 | -€421 | -30.1% |
| Cash at bank and in hand | 54/58 | - | €5,282 | +€5,282 | |
| Total equity and liabilities | 10/49 | €58,127 | €36,876 | -€21,251 | -36.6% |
| Equity | 10/15 | -€20,204 | -€35,417 | -€15,213 | -75.3% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€22,204 | -€37,417 | -€15,213 | -68.5% |
| Amounts payable | 17/49 | €78,331 | €72,293 | -€6,038 | -7.7% |
| Amounts payable within one year | 42/48 | €78,331 | €72,293 | -€6,038 | -7.7% |
| Financial debts | 43 | €14,017 | - | -€14,017 | |
| Credit institutions | 430/8 | €14,017 | - | -€14,017 | |
| Trade debts | 44 | €50,741 | €69,683 | +€18,942 | +37.3% |
| Suppliers | 440/4 | €50,741 | €69,683 | +€18,942 | +37.3% |
| Other amounts payable | 47/48 | €13,573 | €2,610 | -€10,963 | -80.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,238 | €3,158 | -€1,080 | -25.5% |
| Other operating charges | 640/8 | €12,076 | €1,690 | -€10,386 | -86.0% |
| Gross operating margin | 9900 | €30,653 | -€9,248 | -€39,901 | |
| Operating profit (loss) | 9901 | €14,339 | -€14,096 | -€28,435 | |
| Financial charges | 65/66B | €2,758 | €1,117 | -€1,641 | -59.5% |
| Recurring financial charges | 65 | €2,758 | €1,117 | -€1,641 | -59.5% |
| Profit (loss) for the period before taxes | 9903 | €11,581 | -€15,213 | -€26,794 | |
| Income taxes | 67/77 | -€5,474 | - | +€5,474 | |
| Profit (loss) for the period | 9904 | €17,055 | -€15,213 | -€32,268 | |
| Profit (loss) for the period to be appropriated | 9905 | €17,055 | -€15,213 | -€32,268 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.