ELGIMO: 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.
ELGIMO
Largest movements
- Cash +€74,056
up €74,056 (+22.2%), from €333,127 to €407,182
mainly Other debts (+€198,564) and Net result for the year (+€120,968)
- Tangible fixed assets -€36,583
down €36,583 (-17.6%), from €207,727 to €171,144
of which Land and buildings: -€24,456
- Stocks and contracts +€13,051
up €13,051 (+6.9%), from €188,300 to €201,351
- Other debts +€198,564
up €198,564 (+342.7%), from €57,947 to €256,510
- Reserves -€129,032
down €129,032 (-26.8%), from €482,079 to €353,048
- Debts after one year -€32,634
down €32,634 (-50.8%), from €64,201 to €31,568
- Trade debts +€23,994
up €23,994 (+90.7%), from €26,446 to €50,439
- Short-term financial debts -€14,399
down €14,399 (-97.4%), from €14,780 to €381
of which Other loans: -€14,756
- Gross operating margin -€49,054
down €49,054 (-14.0%), from €350,379 to €301,324
- Other operating charges -€46,021
down €46,021 (-94.2%), from €48,829 to €2,808
- Staff costs -€13,612
down €13,612 (-11.3%), from €120,105 to €106,493
- Depreciation +€5,613
up €5,613 (+16.3%), from €34,529 to €40,142
- Financial income +€3,654
up €3,654 (+25.1%), from €14,557 to €18,211
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.
Cash bridge derived
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 | €737,991 | €781,866 | +€43,875 | +5.9% |
| Fixed assets | 21/28 | €208,352 | €171,185 | -€37,166 | -17.8% |
| Intangible fixed assets | 21 | €625 | €42 | -€583 | -93.4% |
| Tangible fixed assets | 22/27 | €207,727 | €171,144 | -€36,583 | -17.6% |
| Land and buildings | 22 | €147,953 | €123,496 | -€24,456 | -16.5% |
| Plant, machinery and equipment | 23 | - | €2,819 | +€2,819 | |
| Furniture and vehicles | 24 | €59,774 | €44,828 | -€14,946 | -25.0% |
| Current assets | 29/58 | €529,639 | €610,680 | +€81,041 | +15.3% |
| Stocks and contracts in progress | 3 | €188,300 | €201,351 | +€13,051 | +6.9% |
| Stocks | 30/36 | €188,300 | €201,351 | +€13,051 | +6.9% |
| Amounts receivable within one year | 40/41 | €1,008 | €972 | -€36 | -3.6% |
| Trade receivables | 40 | €1,008 | €972 | -€36 | -3.6% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €333,127 | €407,182 | +€74,056 | +22.2% |
| Deferred charges and accrued income | 490/1 | €7,205 | €1,175 | -€6,030 | -83.7% |
| Total equity and liabilities | 10/49 | €737,991 | €781,866 | +€43,875 | +5.9% |
| Equity | 10/15 | €500,679 | €371,648 | -€129,032 | -25.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €482,079 | €353,048 | -€129,032 | -26.8% |
| Distributable reserves | 133 | €482,079 | €353,048 | -€129,032 | -26.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €237,312 | €410,218 | +€172,907 | +72.9% |
| Amounts payable after more than one year | 17 | €64,201 | €31,568 | -€32,634 | -50.8% |
| Financial debts | 170/4 | €64,201 | €31,568 | -€32,634 | -50.8% |
| Amounts payable within one year | 42/48 | €173,110 | €378,651 | +€205,541 | +118.7% |
| Current portion of amounts payable after more than one year | 42 | €31,920 | €32,634 | +€714 | +2.2% |
| Financial debts | 43 | €14,780 | €381 | -€14,399 | -97.4% |
| Credit institutions | 430/8 | €24 | €381 | +€357 | +1487.9% |
| Other loans | 439 | €14,756 | €0 | -€14,756 | -100.0% |
| Trade debts | 44 | €26,446 | €50,439 | +€23,994 | +90.7% |
| Suppliers | 440/4 | €26,446 | €50,439 | +€23,994 | +90.7% |
| Taxes, remuneration and social security | 45 | €42,019 | €38,687 | -€3,332 | -7.9% |
| Taxes | 450/3 | €24,341 | €16,262 | -€8,079 | -33.2% |
| Remuneration and social security | 454/9 | €17,678 | €22,425 | +€4,747 | +26.9% |
| Other amounts payable | 47/48 | €57,947 | €256,510 | +€198,564 | +342.7% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €7,752 | €0 | -€7,752 | -100.0% |
| Remuneration, social security and pensions | 62 | €120,105 | €106,493 | -€13,612 | -11.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,529 | €40,142 | +€5,613 | +16.3% |
| Other operating charges | 640/8 | €48,829 | €2,808 | -€46,021 | -94.2% |
| Gross operating margin | 9900 | €350,379 | €301,324 | -€49,054 | -14.0% |
| Operating profit (loss) | 9901 | €146,916 | €151,881 | +€4,965 | +3.4% |
| Financial income | 75/76B | €14,557 | €18,211 | +€3,654 | +25.1% |
| Recurring financial income | 75 | €14,557 | €18,211 | +€3,654 | +25.1% |
| Financial charges | 65/66B | €14,015 | €13,538 | -€477 | -3.4% |
| Recurring financial charges | 65 | €14,015 | €13,538 | -€477 | -3.4% |
| Profit (loss) for the period before taxes | 9903 | €147,458 | €156,553 | +€9,095 | +6.2% |
| Income taxes | 67/77 | €33,164 | €35,585 | +€2,421 | +7.3% |
| Profit (loss) for the period | 9904 | €114,294 | €120,968 | +€6,674 | +5.8% |
| Profit (loss) for the period to be appropriated | 9905 | €114,294 | €120,968 | +€6,674 | +5.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 August 2024 and 31 August 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.