ELBELIMO: 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.
ELBELIMO
Largest movements
- Current investments -€50,000
down €50,000 (-16.7%), from €300,000 to €250,000
- Receivables within one year +€48,262
up €48,262, from €0 to €48,262
- Tangible fixed assets -€46,735
down €46,735 (-6.6%), from €712,924 to €666,190
of which Land and buildings: -€48,465
- Cash -€16,495
down €16,495 (-33.0%), from €49,982 to €33,487
mainly Other debts (-€69,823) and Receivables within one year (-€48,262)
- Other debts -€69,823
down €69,823 (-10.8%), from €644,288 to €574,464
- Gross operating margin +€20,140
up €20,140 (+50.3%), from €40,011 to €60,150
- Financial income +€9,300
new in 2025: €9,300
- Taxes +€2,790
up €2,790, from €0 to €2,790
- Financial charges +€2,175
up €2,175 (+5575.6%), from €39 to €2,214
- Depreciation +€635
up €635 (+1.2%), from €51,743 to €52,377
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 | €1,069,957 | €1,003,615 | -€66,341 | -6.2% |
| Fixed assets | 21/28 | €713,116 | €666,382 | -€46,735 | -6.6% |
| Tangible fixed assets | 22/27 | €712,924 | €666,190 | -€46,735 | -6.6% |
| Land and buildings | 22 | €712,924 | €664,460 | -€48,465 | -6.8% |
| Plant, machinery and equipment | 23 | - | €1,730 | +€1,730 | |
| Financial fixed assets | 28 | €192 | €192 | = | 0.0% |
| Current assets | 29/58 | €356,840 | €337,234 | -€19,607 | -5.5% |
| Amounts receivable within one year | 40/41 | €0 | €48,262 | +€48,262 | |
| Other amounts receivable | 41 | €0 | €48,262 | +€48,262 | |
| Current investments | 50/53 | €300,000 | €250,000 | -€50,000 | -16.7% |
| Cash at bank and in hand | 54/58 | €49,982 | €33,487 | -€16,495 | -33.0% |
| Deferred charges and accrued income | 490/1 | €6,858 | €5,484 | -€1,374 | -20.0% |
| Total equity and liabilities | 10/49 | €1,069,957 | €1,003,615 | -€66,341 | -6.2% |
| Equity | 10/15 | €424,919 | €429,151 | +€4,232 | +1.0% |
| Contributions | 10/11 | €287,500 | €287,500 | = | 0.0% |
| Capital | 10 | €287,500 | €287,500 | = | 0.0% |
| Issued capital | 100 | €287,500 | €287,500 | = | 0.0% |
| Reserves | 13 | €32,211 | €32,211 | = | 0.0% |
| Non-distributable reserves | 130/1 | €28,750 | €28,750 | = | 0.0% |
| Legal reserve | 130 | €28,750 | €28,750 | = | 0.0% |
| Distributable reserves | 133 | €3,461 | €3,461 | = | 0.0% |
| Profit (loss) carried forward | 14 | €105,209 | €109,440 | +€4,232 | +4.0% |
| Amounts payable | 17/49 | €645,038 | €574,464 | -€70,573 | -10.9% |
| Amounts payable within one year | 42/48 | €644,288 | €574,464 | -€69,823 | -10.8% |
| Other amounts payable | 47/48 | €644,288 | €574,464 | -€69,823 | -10.8% |
| Accrued charges and deferred income | 492/3 | €750 | €0 | -€750 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €51,743 | €52,377 | +€635 | +1.2% |
| Other operating charges | 640/8 | €7,703 | €7,838 | +€134 | +1.7% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €40,011 | €60,150 | +€20,140 | +50.3% |
| Operating profit (loss) | 9901 | -€19,435 | -€65 | +€19,370 | +99.7% |
| Financial income | 75/76B | - | €9,300 | +€9,300 | |
| Recurring financial income | 75 | - | €9,300 | +€9,300 | |
| Financial charges | 65/66B | €39 | €2,214 | +€2,175 | +5575.6% |
| Recurring financial charges | 65 | €39 | €2,214 | +€2,175 | +5575.6% |
| Profit (loss) for the period before taxes | 9903 | -€19,474 | €7,022 | +€26,496 | |
| Income taxes | 67/77 | €0 | €2,790 | +€2,790 | |
| Profit (loss) for the period | 9904 | -€19,474 | €4,232 | +€23,706 | |
| Profit (loss) for the period to be appropriated | 9905 | -€19,474 | €4,232 | +€23,706 |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.