ELBAMO IT: 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.
ELBAMO IT
Largest movements
- Cash +€40,746
up €40,746 (+64.9%), from €62,780 to €103,526
mainly Net result for the year (+€50,990) and Other debts (+€2,955)
- Reserves +€50,990
up €50,990 (+104%), from €48,988 to €99,978
- Tax, wage and social debts -€13,368
down €13,368 (-60.4%), from €22,139 to €8,771
- Other debts +€2,955
up €2,955 (+70.5%), from €4,190 to €7,145
- Depreciation -€1,038
down €1,038 (-83.6%), from €1,242 to €204
- Other operating charges -€798
down €798 (-68.6%), from €1,163 to €365
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 | €77,281 | €117,472 | +€40,191 | +52.0% |
| Fixed assets | 21/28 | €465 | €261 | -€204 | -43.9% |
| Tangible fixed assets | 22/27 | €465 | €261 | -€204 | -43.9% |
| Plant, machinery and equipment | 23 | €465 | €261 | -€204 | -43.9% |
| Current assets | 29/58 | €76,816 | €117,211 | +€40,395 | +52.6% |
| Amounts receivable within one year | 40/41 | €14,036 | €13,685 | -€351 | -2.5% |
| Trade receivables | 40 | €14,036 | €13,685 | -€351 | -2.5% |
| Cash at bank and in hand | 54/58 | €62,780 | €103,526 | +€40,746 | +64.9% |
| Total equity and liabilities | 10/49 | €77,281 | €117,472 | +€40,191 | +52.0% |
| Equity | 10/15 | €50,488 | €101,478 | +€50,990 | +101% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Capital | 10 | €1,500 | €1,500 | = | 0.0% |
| Issued capital | 100 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €48,988 | €99,978 | +€50,990 | +104% |
| Distributable reserves | 133 | €48,988 | €99,978 | +€50,990 | +104% |
| Amounts payable | 17/49 | €26,794 | €15,994 | -€10,800 | -40.3% |
| Amounts payable within one year | 42/48 | €26,794 | €15,994 | -€10,800 | -40.3% |
| Trade debts | 44 | €464 | €77 | -€387 | -83.3% |
| Suppliers | 440/4 | €464 | €77 | -€387 | -83.3% |
| Taxes, remuneration and social security | 45 | €22,139 | €8,771 | -€13,368 | -60.4% |
| Taxes | 450/3 | €22,139 | €8,771 | -€13,368 | -60.4% |
| Other amounts payable | 47/48 | €4,190 | €7,145 | +€2,955 | +70.5% |
| Remuneration, social security and pensions | 62 | €2,743 | €2,229 | -€514 | -18.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,242 | €204 | -€1,038 | -83.6% |
| Other operating charges | 640/8 | €1,163 | €365 | -€798 | -68.6% |
| Gross operating margin | 9900 | €69,071 | €69,233 | +€161 | +0.2% |
| Operating profit (loss) | 9901 | €63,922 | €66,434 | +€2,512 | +3.9% |
| Financial charges | 65/66B | €183 | €180 | -€3 | -1.9% |
| Recurring financial charges | 65 | €183 | €180 | -€3 | -1.9% |
| Profit (loss) for the period before taxes | 9903 | €63,739 | €66,254 | +€2,515 | +3.9% |
| Income taxes | 67/77 | €14,752 | €15,264 | +€512 | +3.5% |
| Profit (loss) for the period | 9904 | €48,988 | €50,990 | +€2,003 | +4.1% |
| Profit (loss) for the period to be appropriated | 9905 | €48,988 | €50,990 | +€2,003 | +4.1% |
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 25 October 2026 via checked.be.