ELAMED: 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.
ELAMED
Largest movements
- Tangible fixed assets +€309,764
up €309,764 (+322.1%), from €96,179 to €405,943
of which Land and buildings: +€300,274
- Receivables within one year +€53,251
up €53,251 (+15.9%), from €335,376 to €388,627
- Debts after one year +€260,897
up €260,897 (+3913.3%), from €6,667 to €267,564
- Other debts +€101,575
up €101,575 (+1165.1%), from €8,718 to €110,293
- Reserves +€82,167
up €82,167 (+1052.0%), from €7,811 to €89,977
of which Distributable reserves: +€82,167
- Profit (loss) carried forward -€76,068
down €76,068 (-100.0%), from €76,068 to €0
- Tax, wage and social debts -€10,484
down €10,484 (-47.1%), from €22,262 to €11,779
- Gross operating margin -€21,111
down €21,111 (-49.9%), from €42,274 to €21,163
- Taxes -€8,428
down €8,428 (-79.2%), from €10,648 to €2,220
- Financial charges +€5,045
up €5,045 (+458.0%), from €1,101 to €6,146
- Depreciation +€2,958
up €2,958 (+50.4%), from €5,867 to €8,826
- Financial income -€863
down €863 (-12.2%), from €7,043 to €6,181
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 | €539,450 | €901,819 | +€362,369 | +67.2% |
| Fixed assets | 21/28 | €96,179 | €405,943 | +€309,764 | +322.1% |
| Tangible fixed assets | 22/27 | €96,179 | €405,943 | +€309,764 | +322.1% |
| Land and buildings | 22 | €96,179 | €396,452 | +€300,274 | +312.2% |
| Plant, machinery and equipment | 23 | - | €9,490 | +€9,490 | |
| Current assets | 29/58 | €443,271 | €495,876 | +€52,605 | +11.9% |
| Amounts receivable after more than one year | 29 | €107,248 | €107,248 | = | 0.0% |
| Other amounts receivable | 291 | €107,248 | €107,248 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €335,376 | €388,627 | +€53,251 | +15.9% |
| Other amounts receivable | 41 | €335,376 | €388,627 | +€53,251 | +15.9% |
| Cash at bank and in hand | 54/58 | €646 | €0 | -€646 | -100.0% |
| Total equity and liabilities | 10/49 | €539,450 | €901,819 | +€362,369 | +67.2% |
| Equity | 10/15 | €461,773 | €467,871 | +€6,098 | +1.3% |
| Contributions | 10/11 | €377,894 | €377,894 | = | 0.0% |
| Capital | 10 | €377,894 | €377,894 | = | 0.0% |
| Issued capital | 100 | €377,894 | €377,894 | = | 0.0% |
| Reserves | 13 | €7,811 | €89,977 | +€82,167 | +1052.0% |
| Non-distributable reserves | 130/1 | €7,811 | €7,811 | = | 0.0% |
| Legal reserve | 130 | €7,811 | €7,811 | = | 0.0% |
| Distributable reserves | 133 | - | €82,167 | +€82,167 | |
| Profit (loss) carried forward | 14 | €76,068 | €0 | -€76,068 | -100.0% |
| Amounts payable | 17/49 | €77,677 | €433,948 | +€356,270 | +458.7% |
| Amounts payable after more than one year | 17 | €6,667 | €267,564 | +€260,897 | +3913.3% |
| Financial debts | 170/4 | €6,667 | €267,564 | +€260,897 | +3913.3% |
| Amounts payable within one year | 42/48 | €71,010 | €165,576 | +€94,566 | +133.2% |
| Current portion of amounts payable after more than one year | 42 | €40,000 | €34,855 | -€5,145 | -12.9% |
| Trade debts | 44 | €30 | €8,650 | +€8,620 | +28732.2% |
| Suppliers | 440/4 | €30 | €8,650 | +€8,620 | +28732.2% |
| Taxes, remuneration and social security | 45 | €22,262 | €11,779 | -€10,484 | -47.1% |
| Taxes | 450/3 | €22,262 | €11,779 | -€10,484 | -47.1% |
| Other amounts payable | 47/48 | €8,718 | €110,293 | +€101,575 | +1165.1% |
| Accrued charges and deferred income | 492/3 | - | €807 | +€807 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,867 | €8,826 | +€2,958 | +50.4% |
| Other operating charges | 640/8 | €3,273 | €4,054 | +€781 | +23.9% |
| Gross operating margin | 9900 | €42,274 | €21,163 | -€21,111 | -49.9% |
| Operating profit (loss) | 9901 | €33,133 | €8,283 | -€24,850 | -75.0% |
| Financial income | 75/76B | €7,043 | €6,181 | -€863 | -12.2% |
| Recurring financial income | 75 | €7,043 | €6,181 | -€863 | -12.2% |
| Financial charges | 65/66B | €1,101 | €6,146 | +€5,045 | +458.0% |
| Recurring financial charges | 65 | €1,101 | €6,146 | +€5,045 | +458.0% |
| Profit (loss) for the period before taxes | 9903 | €39,075 | €8,318 | -€30,757 | -78.7% |
| Income taxes | 67/77 | €10,648 | €2,220 | -€8,428 | -79.2% |
| Profit (loss) for the period | 9904 | €28,427 | €6,098 | -€22,329 | -78.5% |
| Profit (loss) for the period to be appropriated | 9905 | €28,427 | €6,098 | -€22,329 | -78.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.