ELEMEC: 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.
ELEMEC
Largest movements
- Receivables within one year +€12,247
up €12,247 (+8.1%), from €151,861 to €164,108
of which Trade receivables: +€12,324
- Current portion of long-term debt -€12,667
down €12,667 (-76.0%), from €16,667 to €4,000
- Reserves +€10,899
up €10,899 (+7.5%), from €145,409 to €156,308
- Other debts +€8,262
up €8,262 (+208%), from €3,963 to €12,225
- Trade debts +€3,453
up €3,453 (+122%), from €2,821 to €6,274
- Tax, wage and social debts +€3,024
up €3,024, from €0 to €3,024
- Staff costs +€12,783
up €12,783 (+14.6%), from €87,708 to €100,491
- Taxes -€7,817
down €7,817 (-50.3%), from €15,554 to €7,738
- Depreciation +€4,524
up €4,524 (+92.6%), from €4,888 to €9,411
- Gross operating margin -€3,894
down €3,894 (-2.8%), from €136,717 to €132,823
- Financial charges +€3,586
up €3,586 (+669%), from €536 to €4,121
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 | €187,460 | €200,430 | +€12,971 | +6.9% |
| Fixed assets | 21/28 | €16,359 | €15,340 | -€1,020 | -6.2% |
| Tangible fixed assets | 22/27 | €16,359 | €15,340 | -€1,020 | -6.2% |
| Furniture and vehicles | 24 | €16,359 | €15,340 | -€1,020 | -6.2% |
| Current assets | 29/58 | €171,100 | €185,091 | +€13,990 | +8.2% |
| Amounts receivable within one year | 40/41 | €151,861 | €164,108 | +€12,247 | +8.1% |
| Trade receivables | 40 | €134,363 | €146,687 | +€12,324 | +9.2% |
| Other amounts receivable | 41 | €17,497 | €17,420 | -€77 | -0.4% |
| Cash at bank and in hand | 54/58 | €19,163 | €20,782 | +€1,619 | +8.4% |
| Deferred charges and accrued income | 490/1 | €77 | €201 | +€124 | +162% |
| Total equity and liabilities | 10/49 | €187,460 | €200,430 | +€12,971 | +6.9% |
| Equity | 10/15 | €164,009 | €174,908 | +€10,899 | +6.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €145,409 | €156,308 | +€10,899 | +7.5% |
| Distributable reserves | 133 | €145,409 | €156,308 | +€10,899 | +7.5% |
| Amounts payable | 17/49 | €23,451 | €25,523 | +€2,072 | +8.8% |
| Amounts payable within one year | 42/48 | €23,451 | €25,523 | +€2,072 | +8.8% |
| Current portion of amounts payable after more than one year | 42 | €16,667 | €4,000 | -€12,667 | -76.0% |
| Trade debts | 44 | €2,821 | €6,274 | +€3,453 | +122% |
| Suppliers | 440/4 | €2,821 | €6,274 | +€3,453 | +122% |
| Taxes, remuneration and social security | 45 | €0 | €3,024 | +€3,024 | |
| Remuneration and social security | 454/9 | €0 | €3,024 | +€3,024 | |
| Other amounts payable | 47/48 | €3,963 | €12,225 | +€8,262 | +208% |
| Non-recurring operating income | 76A | €409 | €3,397 | +€2,988 | +730% |
| Remuneration, social security and pensions | 62 | €87,708 | €100,491 | +€12,783 | +14.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,888 | €9,411 | +€4,524 | +92.6% |
| Other operating charges | 640/8 | €505 | €530 | +€25 | +5.0% |
| Gross operating margin | 9900 | €136,717 | €132,823 | -€3,894 | -2.8% |
| Operating profit (loss) | 9901 | €43,615 | €22,390 | -€21,225 | -48.7% |
| Financial income | 75/76B | €416 | €368 | -€48 | -11.5% |
| Recurring financial income | 75 | €416 | €368 | -€48 | -11.5% |
| Financial charges | 65/66B | €536 | €4,121 | +€3,586 | +669% |
| Recurring financial charges | 65 | €536 | €4,121 | +€3,586 | +669% |
| Profit (loss) for the period before taxes | 9903 | €43,495 | €18,636 | -€24,859 | -57.2% |
| Income taxes | 67/77 | €15,554 | €7,738 | -€7,817 | -50.3% |
| Profit (loss) for the period | 9904 | €27,941 | €10,899 | -€17,042 | -61.0% |
| Profit (loss) for the period to be appropriated | 9905 | €27,941 | €10,899 | -€17,042 | -61.0% |
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 23 October 2026 via checked.be.