ELIMAT: 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.
ELIMAT
Largest movements
- Cash +€89,818
up €89,818 (+438.8%), from €20,469 to €110,286
mainly Current investments (+€65,000) and Net result for the year (+€19,456)
- Current investments -€65,000
no longer reported in 2025 (was €65,000)
- Tangible fixed assets -€10,381
down €10,381 (-22.4%), from €46,420 to €36,039
- Other debts +€17,647
up €17,647 (+169.8%), from €10,391 to €28,038
- Debts after one year -€5,062
down €5,062 (-42.3%), from €11,962 to €6,900
- Tax, wage and social debts +€1,703
up €1,703 (+54.3%), from €3,134 to €4,837
- Gross operating margin +€12,585
up €12,585 (+36.8%), from €34,161 to €46,746
- Taxes +€5,891
up €5,891 (+100.9%), from €5,841 to €11,732
- Depreciation +€744
up €744 (+6.2%), from €11,950 to €12,695
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 | €143,797 | €158,435 | +€14,638 | +10.2% |
| Fixed assets | 21/28 | €46,420 | €36,039 | -€10,381 | -22.4% |
| Tangible fixed assets | 22/27 | €46,420 | €36,039 | -€10,381 | -22.4% |
| Furniture and vehicles | 24 | €46,420 | €36,039 | -€10,381 | -22.4% |
| Current assets | 29/58 | €97,377 | €122,396 | +€25,020 | +25.7% |
| Amounts receivable within one year | 40/41 | €11,908 | €12,110 | +€202 | +1.7% |
| Trade receivables | 40 | €11,834 | €12,110 | +€276 | +2.3% |
| Other amounts receivable | 41 | €74 | €0 | -€74 | -100.0% |
| Current investments | 50/53 | €65,000 | - | -€65,000 | |
| Cash at bank and in hand | 54/58 | €20,469 | €110,286 | +€89,818 | +438.8% |
| Total equity and liabilities | 10/49 | €143,797 | €158,435 | +€14,638 | +10.2% |
| Equity | 10/15 | €112,370 | €112,890 | +€520 | +0.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €106,170 | €106,690 | +€520 | +0.5% |
| Distributable reserves | 133 | €106,170 | €106,690 | +€520 | +0.5% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €31,428 | €45,546 | +€14,118 | +44.9% |
| Amounts payable after more than one year | 17 | €11,962 | €6,900 | -€5,062 | -42.3% |
| Financial debts | 170/4 | €11,962 | €6,900 | -€5,062 | -42.3% |
| Amounts payable within one year | 42/48 | €19,465 | €37,938 | +€18,472 | +94.9% |
| Current portion of amounts payable after more than one year | 42 | €4,967 | €5,062 | +€95 | +1.9% |
| Trade debts | 44 | €973 | €0 | -€973 | -100.0% |
| Suppliers | 440/4 | €973 | €0 | -€973 | -100.0% |
| Taxes, remuneration and social security | 45 | €3,134 | €4,837 | +€1,703 | +54.3% |
| Taxes | 450/3 | €3,134 | €4,837 | +€1,703 | +54.3% |
| Other amounts payable | 47/48 | €10,391 | €28,038 | +€17,647 | +169.8% |
| Accrued charges and deferred income | 492/3 | - | €708 | +€708 | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,950 | €12,695 | +€744 | +6.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €1,394 | €1,692 | +€298 | +21.4% |
| Gross operating margin | 9900 | €34,161 | €46,746 | +€12,585 | +36.8% |
| Operating profit (loss) | 9901 | €20,817 | €32,360 | +€11,543 | +55.5% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €1,592 | €1,172 | -€420 | -26.4% |
| Recurring financial charges | 65 | €1,592 | €1,172 | -€420 | -26.4% |
| Profit (loss) for the period before taxes | 9903 | €19,225 | €31,188 | +€11,963 | +62.2% |
| Income taxes | 67/77 | €5,841 | €11,732 | +€5,891 | +100.9% |
| Profit (loss) for the period | 9904 | €13,384 | €19,456 | +€6,072 | +45.4% |
| Profit (loss) for the period to be appropriated | 9905 | €13,384 | €19,456 | +€6,072 | +45.4% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.