ELGM: 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.
ELGM
Largest movements
- Tangible fixed assets +€3,620
up €3,620 (+499.5%), from €725 to €4,345
of which Plant, machinery and equipment: +€2,448
- Deferred charges and accrued income -€959
down €959 (-85.7%), from €1,118 to €160
- Formation expenses -€571
no longer reported in 2025 (was €571)
- Tax, wage and social debts +€5,345
up €5,345 (+147.9%), from €3,613 to €8,958
- Trade debts -€2,782
down €2,782 (-42.9%), from €6,478 to €3,696
- Accrued charges and deferred income -€960
no longer reported in 2025 (was €960)
- Profit (loss) carried forward +€515
up €515 (+4.4%), from -€11,645 to -€11,130
- Gross operating margin +€4,197
up €4,197, from -€445 to €3,752
- Financial charges +€831
up €831 (+526.7%), from €158 to €989
- Depreciation +€267
up €267 (+25.2%), from €1,059 to €1,326
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 | €33,354 | €35,692 | +€2,338 | +7.0% |
| Formation expenses | 20 | €571 | - | -€571 | |
| Fixed assets | 21/28 | €725 | €4,345 | +€3,620 | +499.5% |
| Tangible fixed assets | 22/27 | €725 | €4,345 | +€3,620 | +499.5% |
| Plant, machinery and equipment | 23 | - | €2,448 | +€2,448 | |
| Furniture and vehicles | 24 | €725 | €1,896 | +€1,172 | +161.7% |
| Current assets | 29/58 | €32,058 | €31,347 | -€710 | -2.2% |
| Amounts receivable within one year | 40/41 | €10,736 | €10,688 | -€47 | -0.4% |
| Trade receivables | 40 | €10,736 | €10,688 | -€47 | -0.4% |
| Cash at bank and in hand | 54/58 | €20,204 | €20,499 | +€296 | +1.5% |
| Deferred charges and accrued income | 490/1 | €1,118 | €160 | -€959 | -85.7% |
| Total equity and liabilities | 10/49 | €33,354 | €35,692 | +€2,338 | +7.0% |
| Equity | 10/15 | -€1,714 | -€1,200 | +€515 | +30.0% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Contributions outside capital | 11 | €6,000 | €6,000 | = | 0.0% |
| Share premium | 1100/10 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €3,930 | €3,930 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,930 | €3,930 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,930 | €3,930 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€11,645 | -€11,130 | +€515 | +4.4% |
| Amounts payable | 17/49 | €35,068 | €36,892 | +€1,824 | +5.2% |
| Amounts payable within one year | 42/48 | €34,108 | €36,892 | +€2,784 | +8.2% |
| Trade debts | 44 | €6,478 | €3,696 | -€2,782 | -42.9% |
| Suppliers | 440/4 | €6,478 | €3,696 | -€2,782 | -42.9% |
| Taxes, remuneration and social security | 45 | €3,613 | €8,958 | +€5,345 | +147.9% |
| Taxes | 450/3 | €3,613 | €8,958 | +€5,345 | +147.9% |
| Other amounts payable | 47/48 | €24,017 | €24,238 | +€221 | +0.9% |
| Accrued charges and deferred income | 492/3 | €960 | - | -€960 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,059 | €1,326 | +€267 | +25.2% |
| Other operating charges | 640/8 | €715 | €734 | +€19 | +2.7% |
| Gross operating margin | 9900 | -€445 | €3,752 | +€4,197 | |
| Operating profit (loss) | 9901 | -€2,219 | €1,691 | +€3,910 | |
| Financial income | 75/76B | €6 | €0 | -€6 | -93.7% |
| Recurring financial income | 75 | €6 | €0 | -€6 | -93.7% |
| Financial charges | 65/66B | €158 | €989 | +€831 | +526.7% |
| Recurring financial charges | 65 | €158 | €989 | +€831 | +526.7% |
| Profit (loss) for the period before taxes | 9903 | -€2,370 | €702 | +€3,073 | |
| Income taxes | 67/77 | €205 | €188 | -€17 | -8.5% |
| Profit (loss) for the period | 9904 | -€2,576 | €515 | +€3,090 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,576 | €515 | +€3,090 |
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 10 October 2026 via checked.be.