ELAMPHO: 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.
ELAMPHO
Largest movements
- Receivables within one year +€25,350
up €25,350 (+297%), from €8,530 to €33,880
- Cash -€10,841
down €10,841 (-15.7%), from €68,929 to €58,089
mainly Receivables within one year (-€25,350) and Investment in fixed assets (net) (-€10,597)
- Tangible fixed assets +€9,019
new in 2025: €9,019
- Tax, wage and social debts +€9,939
up €9,939 (+51.3%), from €19,383 to €29,322
of which Taxes: +€6,720
- Profit (loss) carried forward +€9,865
up €9,865 (+33.5%), from €29,441 to €39,306
- Trade debts +€3,633
up €3,633 (+329%), from €1,103 to €4,735
- Gross operating margin -€23,631
down €23,631 (-57.7%), from €40,925 to €17,294
- Taxes -€4,876
down €4,876 (-56.7%), from €8,595 to €3,719
- Depreciation +€1,577
new in 2025: €1,577
- Other operating charges -€530
down €530 (-36.3%), from €1,461 to €931
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.
Derived cash bridge
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 | €77,720 | €101,490 | +€23,770 | +30.6% |
| Fixed assets | 21/28 | - | €9,019 | +€9,019 | |
| Tangible fixed assets | 22/27 | - | €9,019 | +€9,019 | |
| Plant, machinery and equipment | 23 | - | €9,019 | +€9,019 | |
| Current assets | 29/58 | €77,720 | €92,471 | +€14,750 | +19.0% |
| Amounts receivable within one year | 40/41 | €8,530 | €33,880 | +€25,350 | +297% |
| Trade receivables | 40 | €8,530 | €33,880 | +€25,350 | +297% |
| Cash at bank and in hand | 54/58 | €68,929 | €58,089 | -€10,841 | -15.7% |
| Deferred charges and accrued income | 490/1 | €261 | €502 | +€241 | +92.6% |
| Total equity and liabilities | 10/49 | €77,720 | €101,490 | +€23,770 | +30.6% |
| Equity | 10/15 | €30,441 | €40,306 | +€9,865 | +32.4% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €29,441 | €39,306 | +€9,865 | +33.5% |
| Amounts payable | 17/49 | €47,279 | €61,184 | +€13,905 | +29.4% |
| Amounts payable within one year | 42/48 | €47,279 | €61,184 | +€13,905 | +29.4% |
| Trade debts | 44 | €1,103 | €4,735 | +€3,633 | +329% |
| Suppliers | 440/4 | €1,103 | €4,735 | +€3,633 | +329% |
| Taxes, remuneration and social security | 45 | €19,383 | €29,322 | +€9,939 | +51.3% |
| Taxes | 450/3 | €16,221 | €22,942 | +€6,720 | +41.4% |
| Remuneration and social security | 454/9 | €3,162 | €6,380 | +€3,218 | +102% |
| Other amounts payable | 47/48 | €26,793 | €27,126 | +€334 | +1.2% |
| Non-recurring operating income | 76A | - | €2,811 | +€2,811 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €1,577 | +€1,577 | |
| Other operating charges | 640/8 | €1,461 | €931 | -€530 | -36.3% |
| Gross operating margin | 9900 | €40,925 | €17,294 | -€23,631 | -57.7% |
| Operating profit (loss) | 9901 | €39,464 | €14,786 | -€24,678 | -62.5% |
| Financial income | 75/76B | €0 | €1 | +€1 | +6,700% |
| Recurring financial income | 75 | €0 | €1 | +€1 | +6,700% |
| Financial charges | 65/66B | €1,428 | €1,203 | -€225 | -15.8% |
| Recurring financial charges | 65 | €1,428 | €1,203 | -€225 | -15.8% |
| Profit (loss) for the period before taxes | 9903 | €38,036 | €13,584 | -€24,452 | -64.3% |
| Income taxes | 67/77 | €8,595 | €3,719 | -€4,876 | -56.7% |
| Profit (loss) for the period | 9904 | €29,441 | €9,865 | -€19,576 | -66.5% |
| Profit (loss) for the period to be appropriated | 9905 | €29,441 | €9,865 | -€19,576 | -66.5% |
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 16 October 2026 via checked.be.