ELAUMAT: 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.
ELAUMAT
Largest movements
- Tangible fixed assets +€118,719
up €118,719 (+12.2%), from €970,220 to €1.1m
of which Land and buildings: +€117,888
- Receivables within one year -€14,335
down €14,335 (-45.9%), from €31,237 to €16,902
of which Other amounts receivable: -€14,335
- Cash -€13,654
down €13,654 (-31.0%), from €44,072 to €30,418
mainly Investment in fixed assets (net) (-€178,973) and Debts after one year (-€42,291)
- Other debts +€149,999
up €149,999 (+40.4%), from €371,269 to €521,268
- Debts after one year -€42,291
down €42,291 (-20.4%), from €206,999 to €164,708
- Reserves -€12,174
down €12,174 (-4.1%), from €295,574 to €283,400
of which Tax-exempt reserves: -€12,174
- Depreciation +€5,866
up €5,866 (+10.8%), from €54,388 to €60,254
- Gross operating margin -€1,879
down €1,879 (-3.1%), from €60,749 to €58,870
- Other operating charges +€1,597
up €1,597 (+20.2%), from €7,895 to €9,492
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 | €1,047,932 | €1,138,518 | +€90,586 | +8.6% |
| Fixed assets | 21/28 | €970,220 | €1,088,940 | +€118,719 | +12.2% |
| Tangible fixed assets | 22/27 | €970,220 | €1,088,940 | +€118,719 | +12.2% |
| Land and buildings | 22 | €967,383 | €1,085,271 | +€117,888 | +12.2% |
| Plant, machinery and equipment | 23 | €2,837 | €2,282 | -€555 | -19.6% |
| Furniture and vehicles | 24 | - | €1,387 | +€1,387 | |
| Current assets | 29/58 | €77,711 | €49,578 | -€28,133 | -36.2% |
| Amounts receivable within one year | 40/41 | €31,237 | €16,902 | -€14,335 | -45.9% |
| Trade receivables | 40 | €5,445 | €5,445 | = | 0.0% |
| Other amounts receivable | 41 | €25,792 | €11,457 | -€14,335 | -55.6% |
| Cash at bank and in hand | 54/58 | €44,072 | €30,418 | -€13,654 | -31.0% |
| Deferred charges and accrued income | 490/1 | €2,402 | €2,258 | -€144 | -6.0% |
| Total equity and liabilities | 10/49 | €1,047,932 | €1,138,518 | +€90,586 | +8.6% |
| Equity | 10/15 | €285,610 | €274,405 | -€11,205 | -3.9% |
| Contributions | 10/11 | €85,000 | €85,000 | = | 0.0% |
| Reserves | 13 | €295,574 | €283,400 | -€12,174 | -4.1% |
| Non-distributable reserves | 130/1 | €8,500 | - | -€8,500 | |
| Reserves not available under the articles | 1311 | €8,500 | - | -€8,500 | |
| Tax-exempt reserves | 132 | €285,052 | €272,878 | -€12,174 | -4.3% |
| Distributable reserves | 133 | €2,022 | €10,522 | +€8,500 | +420.4% |
| Profit (loss) carried forward | 14 | -€94,964 | -€93,995 | +€969 | +1.0% |
| Provisions and deferred taxes | 16 | €140,399 | €134,403 | -€5,996 | -4.3% |
| Deferred taxes | 168 | €140,399 | €134,403 | -€5,996 | -4.3% |
| Amounts payable | 17/49 | €621,923 | €729,710 | +€107,787 | +17.3% |
| Amounts payable after more than one year | 17 | €206,999 | €164,708 | -€42,291 | -20.4% |
| Financial debts | 170/4 | €206,999 | €164,708 | -€42,291 | -20.4% |
| Amounts payable within one year | 42/48 | €414,924 | €565,002 | +€150,078 | +36.2% |
| Current portion of amounts payable after more than one year | 42 | €42,808 | €42,788 | -€20 | 0.0% |
| Taxes, remuneration and social security | 45 | €846 | €945 | +€99 | +11.7% |
| Taxes | 450/3 | €846 | €945 | +€99 | +11.7% |
| Other amounts payable | 47/48 | €371,269 | €521,268 | +€149,999 | +40.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €54,388 | €60,254 | +€5,866 | +10.8% |
| Other operating charges | 640/8 | €7,895 | €9,492 | +€1,597 | +20.2% |
| Gross operating margin | 9900 | €60,749 | €58,870 | -€1,879 | -3.1% |
| Operating profit (loss) | 9901 | -€1,534 | -€10,876 | -€9,342 | -609.0% |
| Financial income | 75/76B | €986 | €555 | -€431 | -43.7% |
| Recurring financial income | 75 | €986 | €555 | -€431 | -43.7% |
| Financial charges | 65/66B | €6,803 | €6,880 | +€76 | +1.1% |
| Recurring financial charges | 65 | €6,803 | €6,880 | +€76 | +1.1% |
| Profit (loss) for the period before taxes | 9903 | -€7,352 | -€17,201 | -€9,849 | -134.0% |
| Transfer from deferred taxes | 780 | €5,996 | €5,996 | = | 0.0% |
| Profit (loss) for the period | 9904 | -€1,355 | -€11,205 | -€9,849 | -726.6% |
| Transfer from tax-exempt reserves | 789 | €12,174 | €12,174 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €10,819 | €969 | -€9,849 | -91.0% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.