ELCEMA: 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.
ELCEMA
Largest movements
- Receivables within one year -€9,064
down €9,064 (-30.8%), from €29,441 to €20,378
of which Other amounts receivable: -€9,064
- Debts after one year -€100,000
down €100,000 (-40.0%), from €250,000 to €150,000
- Other debts +€73,715
up €73,715 (+29.1%), from €253,016 to €326,730
- Reserves +€19,433
up €19,433 (+11.8%), from €164,936 to €184,369
of which Distributable reserves: +€19,433
- Gross operating margin -€5,966
down €5,966 (-12.9%), from €46,340 to €40,374
- Financial charges -€1,853
down €1,853 (-8.4%), from €21,935 to €20,082
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €740,941 | €731,312 | -€9,629 | -1.3% |
| Fixed assets | 21/28 | €678,453 | €679,412 | +€959 | +0.1% |
| Tangible fixed assets | 22/27 | - | €959 | +€959 | |
| Furniture and vehicles | 24 | - | €959 | +€959 | |
| Financial fixed assets | 28 | €678,453 | €678,453 | = | 0.0% |
| Current assets | 29/58 | €62,487 | €51,899 | -€10,588 | -16.9% |
| Amounts receivable within one year | 40/41 | €29,441 | €20,378 | -€9,064 | -30.8% |
| Trade receivables | 40 | €3,878 | €3,878 | = | 0.0% |
| Other amounts receivable | 41 | €25,564 | €16,500 | -€9,064 | -35.5% |
| Cash at bank and in hand | 54/58 | €33,046 | €31,522 | -€1,524 | -4.6% |
| Total equity and liabilities | 10/49 | €740,941 | €731,312 | -€9,629 | -1.3% |
| Equity | 10/15 | €226,936 | €246,369 | +€19,433 | +8.6% |
| 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 | €164,936 | €184,369 | +€19,433 | +11.8% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €158,736 | €178,169 | +€19,433 | +12.2% |
| Amounts payable | 17/49 | €514,005 | €484,943 | -€29,062 | -5.7% |
| Amounts payable after more than one year | 17 | €250,000 | €150,000 | -€100,000 | -40.0% |
| Financial debts | 170/4 | €250,000 | €150,000 | -€100,000 | -40.0% |
| Amounts payable within one year | 42/48 | €256,927 | €329,412 | +€72,485 | +28.2% |
| Trade debts | 44 | €3,911 | €2,681 | -€1,230 | -31.4% |
| Suppliers | 440/4 | €3,911 | €2,681 | -€1,230 | -31.4% |
| Other amounts payable | 47/48 | €253,016 | €326,730 | +€73,715 | +29.1% |
| Accrued charges and deferred income | 492/3 | €7,078 | €5,531 | -€1,547 | -21.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €156 | +€156 | |
| Other operating charges | 640/8 | €881 | €703 | -€178 | -20.3% |
| Gross operating margin | 9900 | €46,340 | €40,374 | -€5,966 | -12.9% |
| Operating profit (loss) | 9901 | €45,459 | €39,515 | -€5,944 | -13.1% |
| Financial income | 75/76B | €125 | - | -€125 | |
| Recurring financial income | 75 | €125 | - | -€125 | |
| Financial charges | 65/66B | €21,935 | €20,082 | -€1,853 | -8.4% |
| Recurring financial charges | 65 | €21,935 | €20,082 | -€1,853 | -8.4% |
| Profit (loss) for the period before taxes | 9903 | €23,649 | €19,433 | -€4,215 | -17.8% |
| Profit (loss) for the period | 9904 | €23,649 | €19,433 | -€4,215 | -17.8% |
| Profit (loss) for the period to be appropriated | 9905 | €23,649 | €19,433 | -€4,215 | -17.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.