ELENAIMMO BUSINESS: 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.
ELENAIMMO BUSINESS
Largest movements
- Cash +€49,260
up €49,260 (+33.2%), from €148,233 to €197,494
mainly Net result for the year (+€129,374) and Receivables after one year (+€48,175)
- Receivables after one year -€48,175
down €48,175 (-51.4%), from €93,753 to €45,578
- Tangible fixed assets -€5,186
down €5,186 (-19.8%), from €26,164 to €20,978
of which Furniture and vehicles: -€2,896
- Provisions -€73,804
no longer reported in 2025 (was €73,804)
- Profit (loss) carried forward +€55,385
no longer reported in 2025 (was -€55,385)
- Reserves +€53,921
up €53,921 (+32.4%), from €166,170 to €220,090
of which Distributable reserves: +€53,921
- Trade debts -€22,587
down €22,587 (-41.4%), from €54,574 to €31,987
- Current portion of long-term debt -€20,257
down €20,257 (-60.8%), from €33,316 to €13,059
- Provisions -€147,609
down €147,609, from €73,804 to -€73,804
- Gross operating margin +€79,733
up €79,733 (+47.4%), from €168,340 to €248,073
- Financial charges +€49,804
up €49,804 (+2,032%), from €2,451 to €52,255
- Other operating charges -€10,484
down €10,484 (-83.2%), from €12,596 to €2,112
- Taxes +€10,469
up €10,469 (+113%), from €9,299 to €19,768
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 | €356,782 | €349,631 | -€7,150 | -2.0% |
| Fixed assets | 21/28 | €29,214 | €24,028 | -€5,186 | -17.8% |
| Tangible fixed assets | 22/27 | €26,164 | €20,978 | -€5,186 | -19.8% |
| Furniture and vehicles | 24 | €9,535 | €6,639 | -€2,896 | -30.4% |
| Other tangible fixed assets | 26 | €16,630 | €14,339 | -€2,291 | -13.8% |
| Financial fixed assets | 28 | €3,050 | €3,050 | = | 0.0% |
| Current assets | 29/58 | €327,568 | €325,603 | -€1,964 | -0.6% |
| Amounts receivable after more than one year | 29 | €93,753 | €45,578 | -€48,175 | -51.4% |
| Trade receivables | 290 | €93,753 | €45,578 | -€48,175 | -51.4% |
| Amounts receivable within one year | 40/41 | €76,379 | €76,035 | -€344 | -0.4% |
| Trade receivables | 40 | €60,346 | €34,844 | -€25,502 | -42.3% |
| Other amounts receivable | 41 | €16,032 | €41,191 | +€25,159 | +157% |
| Cash at bank and in hand | 54/58 | €148,233 | €197,494 | +€49,260 | +33.2% |
| Deferred charges and accrued income | 490/1 | €9,203 | €6,497 | -€2,706 | -29.4% |
| Total equity and liabilities | 10/49 | €356,782 | €349,631 | -€7,150 | -2.0% |
| Equity | 10/15 | €129,384 | €238,690 | +€109,306 | +84.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €166,170 | €220,090 | +€53,921 | +32.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €164,310 | €218,230 | +€53,921 | +32.8% |
| Profit (loss) carried forward | 14 | -€55,385 | - | +€55,385 | |
| Provisions and deferred taxes | 16 | €73,804 | - | -€73,804 | |
| Provisions for liabilities and charges | 160/5 | €73,804 | - | -€73,804 | |
| Other liabilities and charges | 164/5 | €73,804 | - | -€73,804 | |
| Amounts payable | 17/49 | €153,593 | €110,941 | -€42,652 | -27.8% |
| Amounts payable after more than one year | 17 | €14,153 | €1,094 | -€13,059 | -92.3% |
| Financial debts | 170/4 | €14,153 | €1,094 | -€13,059 | -92.3% |
| Amounts payable within one year | 42/48 | €137,731 | €108,021 | -€29,711 | -21.6% |
| Current portion of amounts payable after more than one year | 42 | €33,316 | €13,059 | -€20,257 | -60.8% |
| Trade debts | 44 | €54,574 | €31,987 | -€22,587 | -41.4% |
| Suppliers | 440/4 | €54,574 | €31,987 | -€22,587 | -41.4% |
| Advances received on contracts in progress | 46 | €650 | €650 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €44,431 | €41,261 | -€3,170 | -7.1% |
| Taxes | 450/3 | €27,441 | €23,408 | -€4,033 | -14.7% |
| Remuneration and social security | 454/9 | €16,990 | €17,853 | +€863 | +5.1% |
| Other amounts payable | 47/48 | €4,761 | €21,064 | +€16,304 | +342% |
| Accrued charges and deferred income | 492/3 | €1,709 | €1,826 | +€117 | +6.9% |
| Remuneration, social security and pensions | 62 | €122,447 | €113,962 | -€8,485 | -6.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,787 | €7,362 | +€575 | +8.5% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €73,804 | -€73,804 | -€147,609 | |
| Other operating charges | 640/8 | €12,596 | €2,112 | -€10,484 | -83.2% |
| Gross operating margin | 9900 | €168,340 | €248,073 | +€79,733 | +47.4% |
| Operating profit (loss) | 9901 | -€47,294 | €198,442 | +€245,735 | |
| Financial income | 75/76B | €3,521 | €2,955 | -€566 | -16.1% |
| Recurring financial income | 75 | €3,521 | €2,955 | -€566 | -16.1% |
| Financial charges | 65/66B | €2,451 | €52,255 | +€49,804 | +2,032% |
| Recurring financial charges | 65 | €2,451 | €52,255 | +€49,804 | +2,032% |
| Profit (loss) for the period before taxes | 9903 | -€46,224 | €149,142 | +€195,366 | |
| Income taxes | 67/77 | €9,299 | €19,768 | +€10,469 | +113% |
| Profit (loss) for the period | 9904 | -€55,523 | €129,374 | +€184,897 | |
| Profit (loss) for the period to be appropriated | 9905 | -€55,523 | €129,374 | +€184,897 |
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.