Elimar: 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.
Elimar
Largest movements
- Receivables within one year +€101,989
up €101,989 (+115.5%), from €88,326 to €190,315
of which Trade receivables: +€136,310
- Cash -€59,814
down €59,814 (-49.4%), from €121,061 to €61,247
mainly Contributions, distributions and other (-€314,000) and Receivables within one year (-€101,989)
- Current investments -€38,154
no longer reported in 2025 (was €38,154)
- Tangible fixed assets +€34,047
up €34,047 (+317.0%), from €10,741 to €44,789
of which Other tangible fixed assets: +€28,025
- Reserves -€120,202
down €120,202 (-61.3%), from €196,113 to €75,911
- Other debts +€113,316
up €113,316 (+6595.8%), from €1,718 to €115,034
- Debts after one year +€40,672
new in 2025: €40,672
- Gross operating margin +€143,116
up €143,116 (+138.8%), from €103,141 to €246,257
- Taxes +€39,212
up €39,212 (+176.8%), from €22,184 to €61,396
- Financial income +€18,107
up €18,107 (+1169.4%), from €1,548 to €19,655
- Depreciation +€4,187
up €4,187 (+173.5%), from €2,413 to €6,601
- Financial charges +€2,622
up €2,622, from -€114 to €2,508
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 | €259,302 | €296,364 | +€37,062 | +14.3% |
| Fixed assets | 21/28 | €10,741 | €44,789 | +€34,047 | +317.0% |
| Tangible fixed assets | 22/27 | €10,741 | €44,789 | +€34,047 | +317.0% |
| Plant, machinery and equipment | 23 | - | €2,223 | +€2,223 | |
| Furniture and vehicles | 24 | €1,088 | €4,887 | +€3,798 | +348.9% |
| Other tangible fixed assets | 26 | €9,653 | €37,678 | +€28,025 | +290.3% |
| Current assets | 29/58 | €248,561 | €251,576 | +€3,015 | +1.2% |
| Amounts receivable within one year | 40/41 | €88,326 | €190,315 | +€101,989 | +115.5% |
| Trade receivables | 40 | €54,005 | €190,315 | +€136,310 | +252.4% |
| Other amounts receivable | 41 | €34,321 | - | -€34,321 | |
| Current investments | 50/53 | €38,154 | - | -€38,154 | |
| Cash at bank and in hand | 54/58 | €121,061 | €61,247 | -€59,814 | -49.4% |
| Deferred charges and accrued income | 490/1 | €1,020 | €14 | -€1,006 | -98.7% |
| Total equity and liabilities | 10/49 | €259,302 | €296,364 | +€37,062 | +14.3% |
| Equity | 10/15 | €197,113 | €76,911 | -€120,202 | -61.0% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €196,113 | €75,911 | -€120,202 | -61.3% |
| Distributable reserves | 133 | €196,113 | €75,911 | -€120,202 | -61.3% |
| Amounts payable | 17/49 | €62,189 | €219,453 | +€157,264 | +252.9% |
| Amounts payable after more than one year | 17 | - | €40,672 | +€40,672 | |
| Other amounts payable | 178/9 | - | €40,672 | +€40,672 | |
| Amounts payable within one year | 42/48 | €62,144 | €178,657 | +€116,513 | +187.5% |
| Trade debts | 44 | €10,513 | €10,988 | +€475 | +4.5% |
| Suppliers | 440/4 | €10,513 | €10,988 | +€475 | +4.5% |
| Taxes, remuneration and social security | 45 | €49,913 | €52,635 | +€2,722 | +5.5% |
| Taxes | 450/3 | €49,913 | €52,635 | +€2,722 | +5.5% |
| Other amounts payable | 47/48 | €1,718 | €115,034 | +€113,316 | +6595.8% |
| Accrued charges and deferred income | 492/3 | €46 | €124 | +€79 | +172.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,413 | €6,601 | +€4,187 | +173.5% |
| Other operating charges | 640/8 | €621 | €1,608 | +€987 | +158.8% |
| Gross operating margin | 9900 | €103,141 | €246,257 | +€143,116 | +138.8% |
| Operating profit (loss) | 9901 | €100,106 | €238,048 | +€137,942 | +137.8% |
| Financial income | 75/76B | €1,548 | €19,655 | +€18,107 | +1169.4% |
| Recurring financial income | 75 | €1,548 | €19,655 | +€18,107 | +1169.4% |
| Financial charges | 65/66B | -€114 | €2,508 | +€2,622 | |
| Recurring financial charges | 65 | -€114 | €2,508 | +€2,622 | |
| Profit (loss) for the period before taxes | 9903 | €101,768 | €255,194 | +€153,426 | +150.8% |
| Income taxes | 67/77 | €22,184 | €61,396 | +€39,212 | +176.8% |
| Profit (loss) for the period | 9904 | €79,584 | €193,798 | +€114,215 | +143.5% |
| Profit (loss) for the period to be appropriated | 9905 | €79,584 | €193,798 | +€114,215 | +143.5% |
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 12 October 2026 via checked.be.