ELGIM: 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.
ELGIM
Largest movements
- Receivables within one year -€17,100
no longer reported in 2025 (was €17,100)
- Other debts -€13,200
down €13,200 (-52.8%), from €25,000 to €11,800
- Reserves -€4,387
down €4,387 (-8.7%), from €50,426 to €46,039
of which Distributable reserves: -€4,387
- Gross operating margin -€2,676
down €2,676 (-374%), from -€715 to -€3,391
- Financial charges -€273
down €273 (-45.7%), from €598 to €325
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 | €325,677 | €308,074 | -€17,603 | -5.4% |
| Current assets | 29/58 | €325,677 | €308,074 | -€17,603 | -5.4% |
| Stocks and contracts in progress | 3 | €307,150 | €307,150 | = | 0.0% |
| Stocks | 30/36 | €307,150 | €307,150 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €17,100 | - | -€17,100 | |
| Other amounts receivable | 41 | €17,100 | - | -€17,100 | |
| Cash at bank and in hand | 54/58 | €1,426 | €924 | -€503 | -35.2% |
| Total equity and liabilities | 10/49 | €325,677 | €308,074 | -€17,603 | -5.4% |
| Equity | 10/15 | €300,426 | €296,039 | -€4,387 | -1.5% |
| Contributions | 10/11 | €250,000 | €250,000 | = | 0.0% |
| Capital | 10 | €250,000 | €250,000 | = | 0.0% |
| Issued capital | 100 | €250,000 | €250,000 | = | 0.0% |
| Reserves | 13 | €50,426 | €46,039 | -€4,387 | -8.7% |
| Non-distributable reserves | 130/1 | €25,000 | €25,000 | = | 0.0% |
| Legal reserve | 130 | €25,000 | €25,000 | = | 0.0% |
| Distributable reserves | 133 | €25,426 | €21,039 | -€4,387 | -17.3% |
| Amounts payable | 17/49 | €25,251 | €12,035 | -€13,216 | -52.3% |
| Amounts payable within one year | 42/48 | €25,251 | €12,035 | -€13,216 | -52.3% |
| Trade debts | 44 | €251 | €235 | -€16 | -6.3% |
| Suppliers | 440/4 | €251 | €235 | -€16 | -6.3% |
| Other amounts payable | 47/48 | €25,000 | €11,800 | -€13,200 | -52.8% |
| Other operating charges | 640/8 | €652 | €671 | +€19 | +2.9% |
| Gross operating margin | 9900 | -€715 | -€3,391 | -€2,676 | -374% |
| Operating profit (loss) | 9901 | -€1,367 | -€4,061 | -€2,695 | -197% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €598 | €325 | -€273 | -45.7% |
| Recurring financial charges | 65 | €598 | €325 | -€273 | -45.7% |
| Profit (loss) for the period before taxes | 9903 | -€1,964 | -€4,387 | -€2,423 | -123% |
| Profit (loss) for the period | 9904 | -€1,964 | -€4,387 | -€2,423 | -123% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,964 | -€4,387 | -€2,423 | -123% |
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 14 October 2026 via checked.be.