ELIMEX: 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.
ELIMEX
Largest movements
- Stocks and contracts -€155,737
down €155,737 (-15.9%), from €977,056 to €821,319
- Cash +€110,482
up €110,482 (+19.8%), from €558,654 to €669,136
mainly Stocks and contracts (+€155,737) and Trade debts (+€104,886)
- Receivables within one year +€95,034
up €95,034 (+48.3%), from €196,696 to €291,730
- Tangible fixed assets +€63,607
up €63,607 (+419.9%), from €15,148 to €78,755
- Trade debts +€104,886
up €104,886 (+226.0%), from €46,409 to €151,296
- Debts after one year -€79,875
down €79,875 (-39.2%), from €203,801 to €123,926
of which Other amounts payable: -€100,000
- Other debts +€54,977
up €54,977 (+29.3%), from €187,741 to €242,719
- Gross operating margin -€70,123
down €70,123 (-45.5%), from €153,953 to €83,830
- Financial charges +€15,111
up €15,111 (+409.8%), from €3,687 to €18,798
of which Non-recurring financial charges: +€8,777
- Other operating charges -€13,682
down €13,682 (-78.4%), from €17,455 to €3,773
- Write-downs +€12,675
no longer reported in 2025 (was -€12,675)
- Financial income +€11,954
up €11,954 (+445.5%), from €2,683 to €14,637
of which Non-recurring financial income: +€12,075
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 | €1,749,454 | €1,862,963 | +€113,509 | +6.5% |
| Fixed assets | 21/28 | €15,433 | €79,040 | +€63,607 | +412.1% |
| Tangible fixed assets | 22/27 | €15,148 | €78,755 | +€63,607 | +419.9% |
| Furniture and vehicles | 24 | €15,148 | €78,755 | +€63,607 | +419.9% |
| Financial fixed assets | 28 | €285 | €285 | = | 0.0% |
| Current assets | 29/58 | €1,734,021 | €1,783,923 | +€49,902 | +2.9% |
| Stocks and contracts in progress | 3 | €977,056 | €821,319 | -€155,737 | -15.9% |
| Stocks | 30/36 | €977,056 | €821,319 | -€155,737 | -15.9% |
| Amounts receivable within one year | 40/41 | €196,696 | €291,730 | +€95,034 | +48.3% |
| Trade receivables | 40 | €196,696 | €291,730 | +€95,034 | +48.3% |
| Cash at bank and in hand | 54/58 | €558,654 | €669,136 | +€110,482 | +19.8% |
| Deferred charges and accrued income | 490/1 | €1,616 | €1,738 | +€122 | +7.6% |
| Total equity and liabilities | 10/49 | €1,749,454 | €1,862,963 | +€113,509 | +6.5% |
| Equity | 10/15 | €1,284,421 | €1,301,642 | +€17,221 | +1.3% |
| Contributions | 10/11 | €62,500 | €62,500 | = | 0.0% |
| Capital | 10 | €62,500 | €62,500 | = | 0.0% |
| Issued capital | 100 | €62,500 | €62,500 | = | 0.0% |
| Reserves | 13 | €1,063,640 | €1,063,640 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,250 | €6,250 | = | 0.0% |
| Legal reserve | 130 | €6,250 | €6,250 | = | 0.0% |
| Tax-exempt reserves | 132 | €57,390 | €57,390 | = | 0.0% |
| Distributable reserves | 133 | €1,000,000 | €1,000,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €158,281 | €175,501 | +€17,221 | +10.9% |
| Amounts payable | 17/49 | €465,033 | €561,321 | +€96,288 | +20.7% |
| Amounts payable after more than one year | 17 | €203,801 | €123,926 | -€79,875 | -39.2% |
| Financial debts | 170/4 | €3,801 | €23,926 | +€20,125 | +529.4% |
| Other amounts payable | 178/9 | €200,000 | €100,000 | -€100,000 | -50.0% |
| Amounts payable within one year | 42/48 | €256,702 | €437,395 | +€180,693 | +70.4% |
| Current portion of amounts payable after more than one year | 42 | €3,991 | €13,544 | +€9,553 | +239.4% |
| Trade debts | 44 | €46,409 | €151,296 | +€104,886 | +226.0% |
| Suppliers | 440/4 | €46,409 | €151,296 | +€104,886 | +226.0% |
| Advances received on contracts in progress | 46 | - | €16,398 | +€16,398 | |
| Taxes, remuneration and social security | 45 | €18,560 | €13,439 | -€5,121 | -27.6% |
| Taxes | 450/3 | €10,822 | €5,202 | -€5,620 | -51.9% |
| Remuneration and social security | 454/9 | €7,738 | €8,237 | +€499 | +6.5% |
| Other amounts payable | 47/48 | €187,741 | €242,719 | +€54,977 | +29.3% |
| Accrued charges and deferred income | 492/3 | €4,530 | - | -€4,530 | |
| Non-recurring operating income | 76A | €49,637 | €17,499 | -€32,138 | -64.7% |
| Remuneration, social security and pensions | 62 | €37,373 | €41,769 | +€4,396 | +11.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,646 | €14,841 | +€10,195 | +219.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€12,675 | - | +€12,675 | |
| Other operating charges | 640/8 | €17,455 | €3,773 | -€13,682 | -78.4% |
| Non-recurring operating charges | 66A | - | €1,128 | +€1,128 | |
| Gross operating margin | 9900 | €153,953 | €83,830 | -€70,123 | -45.5% |
| Operating profit (loss) | 9901 | €107,154 | €22,319 | -€84,835 | -79.2% |
| Financial income | 75/76B | €2,683 | €14,637 | +€11,954 | +445.5% |
| Recurring financial income | 75 | €959 | €838 | -€120 | -12.6% |
| Non-recurring financial income | 76B | €1,724 | €13,799 | +€12,075 | +700.2% |
| Financial charges | 65/66B | €3,687 | €18,798 | +€15,111 | +409.8% |
| Recurring financial charges | 65 | €2,263 | €8,597 | +€6,334 | +279.9% |
| Non-recurring financial charges | 66B | €1,424 | €10,201 | +€8,777 | +616.3% |
| Profit (loss) for the period before taxes | 9903 | €106,150 | €18,158 | -€87,992 | -82.9% |
| Income taxes | 67/77 | €3,324 | €937 | -€2,387 | -71.8% |
| Profit (loss) for the period | 9904 | €102,826 | €17,221 | -€85,605 | -83.3% |
| Profit (loss) for the period to be appropriated | 9905 | €102,826 | €17,221 | -€85,605 | -83.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.