ELARMEC: 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.
ELARMEC
Largest movements
- Cash +€411,356
up €411,356 (+748.0%), from €54,992 to €466,347
mainly Receivables within one year (+€322,245) and Net result for the year (+€234,742)
- Receivables within one year -€322,245
down €322,245 (-36.1%), from €891,893 to €569,648
- Tangible fixed assets -€40,000
down €40,000 (-5.4%), from €735,428 to €695,428
- Profit (loss) carried forward +€234,742
up €234,742 (+20.7%), from €1.1m to €1.4m
- Tax, wage and social debts -€104,449
down €104,449 (-41.1%), from €254,200 to €149,751
- Trade debts -€101,833
down €101,833 (-99.2%), from €102,603 to €770
- Accrued charges and deferred income +€36,194
up €36,194 (+65.9%), from €54,894 to €91,088
- Gross operating margin +€94,633
up €94,633 (+31.7%), from €298,280 to €392,913
- Taxes +€44,952
up €44,952 (+101.6%), from €44,264 to €89,216
- Other operating charges -€6,979
down €6,979 (-21.3%), from €32,708 to €25,729
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 | €1,682,312 | €1,731,423 | +€49,111 | +2.9% |
| Fixed assets | 21/28 | €735,428 | €695,428 | -€40,000 | -5.4% |
| Tangible fixed assets | 22/27 | €735,428 | €695,428 | -€40,000 | -5.4% |
| Land and buildings | 22 | €735,428 | €695,428 | -€40,000 | -5.4% |
| Current assets | 29/58 | €946,884 | €1,035,995 | +€89,111 | +9.4% |
| Amounts receivable within one year | 40/41 | €891,893 | €569,648 | -€322,245 | -36.1% |
| Other amounts receivable | 41 | €891,893 | €569,648 | -€322,245 | -36.1% |
| Cash at bank and in hand | 54/58 | €54,992 | €466,347 | +€411,356 | +748.0% |
| Total equity and liabilities | 10/49 | €1,682,312 | €1,731,423 | +€49,111 | +2.9% |
| Equity | 10/15 | €1,202,747 | €1,437,489 | +€234,742 | +19.5% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,134,547 | €1,369,289 | +€234,742 | +20.7% |
| Amounts payable | 17/49 | €479,565 | €293,934 | -€185,631 | -38.7% |
| Amounts payable within one year | 42/48 | €424,671 | €202,846 | -€221,825 | -52.2% |
| Trade debts | 44 | €102,603 | €770 | -€101,833 | -99.2% |
| Suppliers | 440/4 | €102,603 | €770 | -€101,833 | -99.2% |
| Taxes, remuneration and social security | 45 | €254,200 | €149,751 | -€104,449 | -41.1% |
| Taxes | 450/3 | €254,200 | €149,751 | -€104,449 | -41.1% |
| Other amounts payable | 47/48 | €67,867 | €52,324 | -€15,543 | -22.9% |
| Accrued charges and deferred income | 492/3 | €54,894 | €91,088 | +€36,194 | +65.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,000 | €40,000 | = | 0.0% |
| Other operating charges | 640/8 | €32,708 | €25,729 | -€6,979 | -21.3% |
| Gross operating margin | 9900 | €298,280 | €392,913 | +€94,633 | +31.7% |
| Operating profit (loss) | 9901 | €225,572 | €327,184 | +€101,612 | +45.0% |
| Financial charges | 65/66B | €927 | €3,226 | +€2,299 | +248.0% |
| Recurring financial charges | 65 | €927 | €3,226 | +€2,299 | +248.0% |
| Profit (loss) for the period before taxes | 9903 | €224,645 | €323,958 | +€99,313 | +44.2% |
| Income taxes | 67/77 | €44,264 | €89,216 | +€44,952 | +101.6% |
| Profit (loss) for the period | 9904 | €180,380 | €234,742 | +€54,361 | +30.1% |
| Profit (loss) for the period to be appropriated | 9905 | €180,380 | €234,742 | +€54,361 | +30.1% |
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 7 October 2026 via checked.be.