ELKIMAT: 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.
ELKIMAT
Largest movements
- Tangible fixed assets -€44,788
down €44,788 (-4.3%), from €1.0m to €992,183
of which Assets under construction and advance payments: -€27,226
- Cash +€37,223
up €37,223 (+298%), from €12,492 to €49,714
mainly Depreciation (+€44,788) and Other debts (+€8,734)
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin +€11,771
up €11,771 (+46.3%), from €25,435 to €37,206
- Depreciation +€8,415
up €8,415 (+23.1%), from €36,373 to €44,788
- Other operating charges -€969
down €969 (-16.5%), from €5,883 to €4,914
- Financial income +€399
up €399 (+13.2%), from €3,013 to €3,412
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 | €1,050,537 | €1,042,972 | -€7,566 | -0.7% |
| Fixed assets | 21/28 | €1,036,972 | €992,183 | -€44,788 | -4.3% |
| Tangible fixed assets | 22/27 | €1,036,972 | €992,183 | -€44,788 | -4.3% |
| Land and buildings | 22 | €1,009,745 | €992,183 | -€17,562 | -1.7% |
| Assets under construction and advance payments | 27 | €27,226 | €0 | -€27,226 | -100% |
| Current assets | 29/58 | €13,565 | €50,788 | +€37,223 | +274% |
| Amounts receivable within one year | 40/41 | €1,074 | €1,074 | = | 0.0% |
| Trade receivables | 40 | €1,074 | €1,074 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €12,492 | €49,714 | +€37,223 | +298% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €1,050,537 | €1,042,972 | -€7,566 | -0.7% |
| Equity | 10/15 | €994,782 | €982,572 | -€12,211 | -1.2% |
| Contributions | 10/11 | €624,340 | €624,340 | = | 0.0% |
| Reserves | 13 | €904,718 | €904,718 | = | 0.0% |
| Distributable reserves | 133 | €904,718 | €904,718 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€592,652 | -€601,851 | -€9,199 | -1.6% |
| Investment grants | 15 | €58,377 | €55,365 | -€3,012 | -5.2% |
| Amounts payable | 17/49 | €55,755 | €60,400 | +€4,645 | +8.3% |
| Amounts payable after more than one year | 17 | €40,000 | €40,000 | = | 0.0% |
| Financial debts | 170/4 | €40,000 | €40,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €15,755 | €20,400 | +€4,645 | +29.5% |
| Trade debts | 44 | €4,374 | €288 | -€4,085 | -93.4% |
| Suppliers | 440/4 | €4,374 | €288 | -€4,085 | -93.4% |
| Taxes, remuneration and social security | 45 | €4 | €0 | -€4 | -100% |
| Taxes | 450/3 | €4 | €0 | -€4 | -100% |
| Other amounts payable | 47/48 | €11,377 | €20,112 | +€8,734 | +76.8% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,373 | €44,788 | +€8,415 | +23.1% |
| Other operating charges | 640/8 | €5,883 | €4,914 | -€969 | -16.5% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €25,435 | €37,206 | +€11,771 | +46.3% |
| Operating profit (loss) | 9901 | -€16,821 | -€12,496 | +€4,325 | +25.7% |
| Financial income | 75/76B | €3,013 | €3,412 | +€399 | +13.2% |
| Recurring financial income | 75 | €3,013 | €3,412 | +€399 | +13.2% |
| Financial charges | 65/66B | €57 | €114 | +€57 | +99.0% |
| Recurring financial charges | 65 | €57 | €114 | +€57 | +99.0% |
| Profit (loss) for the period before taxes | 9903 | -€13,866 | -€9,199 | +€4,667 | +33.7% |
| Profit (loss) for the period | 9904 | -€13,866 | -€9,199 | +€4,667 | +33.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€13,866 | -€9,199 | +€4,667 | +33.7% |
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 21 October 2026 via checked.be.