ELKIM: 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.
ELKIM
Largest movements
- Tangible fixed assets -€35,792
down €35,792 (-42.1%), from €84,937 to €49,145
of which Land and buildings: -€22,633
- Current investments +€28,996
up €28,996 (+24.8%), from €117,062 to €146,058
- Cash +€17,004
up €17,004 (+400%), from €4,250 to €21,255
mainly Net result for the year (+€63,216) and Investment in fixed assets (net) (+€19,633)
- Receivables within one year -€2,672
no longer reported in 2025 (was €2,672)
of which Other amounts receivable: -€1,380
- Reserves +€63,216
up €63,216 (+89.4%), from €70,678 to €133,894
of which Distributable reserves: +€66,676
- Debts after one year -€39,671
no longer reported in 2025 (was €39,671)
- Current portion of long-term debt -€8,732
no longer reported in 2025 (was €8,732)
- Other debts -€8,144
down €8,144 (-54.5%), from €14,953 to €6,809
- Tax, wage and social debts +€2,765
up €2,765 (+37.6%), from €7,351 to €10,117
- Gross operating margin +€66,598
up €66,598 (+136%), from €48,879 to €115,477
- Taxes +€19,271
up €19,271 (+174%), from €11,084 to €30,355
- Financial income -€2,317
down €2,317 (-100.0%), from €2,317 to €0
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.
Derived cash bridge
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 | €208,945 | €216,537 | +€7,591 | +3.6% |
| Fixed assets | 21/28 | €84,962 | €49,170 | -€35,792 | -42.1% |
| Tangible fixed assets | 22/27 | €84,937 | €49,145 | -€35,792 | -42.1% |
| Land and buildings | 22 | €39,979 | €17,346 | -€22,633 | -56.6% |
| Furniture and vehicles | 24 | €44,958 | €31,799 | -€13,159 | -29.3% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €123,984 | €167,367 | +€43,383 | +35.0% |
| Amounts receivable within one year | 40/41 | €2,672 | - | -€2,672 | |
| Trade receivables | 40 | €1,292 | - | -€1,292 | |
| Other amounts receivable | 41 | €1,380 | - | -€1,380 | |
| Current investments | 50/53 | €117,062 | €146,058 | +€28,996 | +24.8% |
| Cash at bank and in hand | 54/58 | €4,250 | €21,255 | +€17,004 | +400% |
| Deferred charges and accrued income | 490/1 | - | €55 | +€55 | |
| Total equity and liabilities | 10/49 | €208,945 | €216,537 | +€7,591 | +3.6% |
| Equity | 10/15 | €132,678 | €195,894 | +€63,216 | +47.6% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €70,678 | €133,894 | +€63,216 | +89.4% |
| Non-distributable reserves | 130/1 | €5,275 | €6,200 | +€925 | +17.5% |
| Legal reserve | 130 | €5,275 | €6,200 | +€925 | +17.5% |
| Tax-exempt reserves | 132 | €14,981 | €10,596 | -€4,385 | -29.3% |
| Distributable reserves | 133 | €50,422 | €117,098 | +€66,676 | +132% |
| Provisions and deferred taxes | 16 | €4,994 | €3,532 | -€1,462 | -29.3% |
| Deferred taxes | 168 | €4,994 | €3,532 | -€1,462 | -29.3% |
| Amounts payable | 17/49 | €71,274 | €17,111 | -€54,163 | -76.0% |
| Amounts payable after more than one year | 17 | €39,671 | - | -€39,671 | |
| Financial debts | 170/4 | €39,671 | - | -€39,671 | |
| Amounts payable within one year | 42/48 | €31,603 | €17,111 | -€14,492 | -45.9% |
| Current portion of amounts payable after more than one year | 42 | €8,732 | - | -€8,732 | |
| Trade debts | 44 | €567 | €185 | -€382 | -67.3% |
| Suppliers | 440/4 | €567 | €185 | -€382 | -67.3% |
| Taxes, remuneration and social security | 45 | €7,351 | €10,117 | +€2,765 | +37.6% |
| Taxes | 450/3 | €7,351 | €10,117 | +€2,765 | +37.6% |
| Other amounts payable | 47/48 | €14,953 | €6,809 | -€8,144 | -54.5% |
| Non-recurring operating income | 76A | €5,200 | €110,367 | +€105,167 | +2,022% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,197 | €16,159 | -€1,038 | -6.0% |
| Other operating charges | 640/8 | €2,907 | €3,538 | +€631 | +21.7% |
| Gross operating margin | 9900 | €48,879 | €115,477 | +€66,598 | +136% |
| Operating profit (loss) | 9901 | €28,775 | €95,780 | +€67,005 | +233% |
| Financial income | 75/76B | €2,317 | €0 | -€2,317 | -100.0% |
| Recurring financial income | 75 | €2,317 | €0 | -€2,317 | -100.0% |
| Financial charges | 65/66B | €3,759 | €3,670 | -€89 | -2.4% |
| Recurring financial charges | 65 | €3,759 | €3,670 | -€89 | -2.4% |
| Profit (loss) for the period before taxes | 9903 | €27,333 | €92,110 | +€64,777 | +237% |
| Transfer from deferred taxes | 780 | €1,462 | €1,462 | = | 0.0% |
| Income taxes | 67/77 | €11,084 | €30,355 | +€19,271 | +174% |
| Profit (loss) for the period | 9904 | €17,711 | €63,216 | +€45,506 | +257% |
| Transfer from tax-exempt reserves | 789 | €4,385 | €4,385 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €22,096 | €67,601 | +€45,506 | +206% |
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 15 October 2026 via checked.be.