ELBOMAC: 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.
ELBOMAC
Largest movements
- Cash -€4,344
down €4,344 (-7.5%), from €57,997 to €53,654
mainly Contributions, distributions and other (-€30,000) and Tax, wage and social debts (-€2,548)
- Receivables within one year +€1,806
up €1,806 (+27.7%), from €6,524 to €8,330
of which Trade receivables: +€2,425
- Other debts +€29,702
up €29,702 (+1,073%), from €2,768 to €32,470
- Profit (loss) carried forward -€28,677
down €28,677 (-68.2%), from €42,022 to €13,345
- Tax, wage and social debts -€2,548
down €2,548 (-94.8%), from €2,689 to €141
of which Remuneration and social security: -€2,418
- Trade debts -€1,435
down €1,435 (-84.3%), from €1,702 to €267
- Depreciation -€3,660
down €3,660 (-74.4%), from €4,922 to €1,262
- Gross operating margin -€859
down €859 (-22.1%), from €3,893 to €3,034
- Financial charges -€239
down €239 (-57.3%), from €416 to €178
- Financial income +€210
new in 2025: €210
- Other operating charges +€210
up €210 (+160%), from €131 to €341
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 | €69,640 | €66,683 | -€2,957 | -4.2% |
| Fixed assets | 21/28 | €4,484 | €4,048 | -€437 | -9.7% |
| Tangible fixed assets | 22/27 | €4,484 | €4,048 | -€437 | -9.7% |
| Plant, machinery and equipment | 23 | €504 | €289 | -€215 | -42.7% |
| Furniture and vehicles | 24 | €3,980 | €3,759 | -€221 | -5.6% |
| Current assets | 29/58 | €65,156 | €62,635 | -€2,521 | -3.9% |
| Amounts receivable within one year | 40/41 | €6,524 | €8,330 | +€1,806 | +27.7% |
| Trade receivables | 40 | €5,450 | €7,875 | +€2,425 | +44.5% |
| Other amounts receivable | 41 | €1,074 | €455 | -€619 | -57.6% |
| Cash at bank and in hand | 54/58 | €57,997 | €53,654 | -€4,344 | -7.5% |
| Deferred charges and accrued income | 490/1 | €635 | €652 | +€17 | +2.6% |
| Total equity and liabilities | 10/49 | €69,640 | €66,683 | -€2,957 | -4.2% |
| Equity | 10/15 | €62,482 | €33,805 | -€28,677 | -45.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €42,022 | €13,345 | -€28,677 | -68.2% |
| Amounts payable | 17/49 | €7,158 | €32,878 | +€25,720 | +359% |
| Amounts payable within one year | 42/48 | €7,158 | €32,878 | +€25,720 | +359% |
| Trade debts | 44 | €1,702 | €267 | -€1,435 | -84.3% |
| Suppliers | 440/4 | €1,702 | €267 | -€1,435 | -84.3% |
| Taxes, remuneration and social security | 45 | €2,689 | €141 | -€2,548 | -94.8% |
| Taxes | 450/3 | €271 | €141 | -€130 | -48.0% |
| Remuneration and social security | 454/9 | €2,418 | - | -€2,418 | |
| Other amounts payable | 47/48 | €2,768 | €32,470 | +€29,702 | +1,073% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,922 | €1,262 | -€3,660 | -74.4% |
| Other operating charges | 640/8 | €131 | €341 | +€210 | +160% |
| Gross operating margin | 9900 | €3,893 | €3,034 | -€859 | -22.1% |
| Operating profit (loss) | 9901 | -€1,160 | €1,431 | +€2,591 | |
| Financial income | 75/76B | - | €210 | +€210 | |
| Recurring financial income | 75 | - | €210 | +€210 | |
| Financial charges | 65/66B | €416 | €178 | -€239 | -57.3% |
| Recurring financial charges | 65 | €416 | €178 | -€239 | -57.3% |
| Profit (loss) for the period before taxes | 9903 | -€1,577 | €1,464 | +€3,041 | |
| Income taxes | 67/77 | €140 | €141 | +€1 | +1.0% |
| Profit (loss) for the period | 9904 | -€1,716 | €1,323 | +€3,039 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,716 | €1,323 | +€3,039 |
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 13 October 2026 via checked.be.