ELLAMCO: 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.
ELLAMCO
Largest movements
- Receivables within one year -€25,314
down €25,314 (-51.8%), from €48,904 to €23,589
of which Trade receivables: -€26,468
- Tangible fixed assets -€20,076
down €20,076 (-3.8%), from €525,232 to €505,156
of which Land and buildings: -€16,794
- Deferred charges and accrued income -€11,540
down €11,540 (-81.6%), from €14,139 to €2,599
- Debts after one year -€30,486
down €30,486 (-15.1%), from €201,580 to €171,094
- Other debts -€16,457
no longer reported in 2025 (was €16,457)
- Tax, wage and social debts -€10,563
down €10,563 (-51.8%), from €20,407 to €9,843
of which Taxes: -€8,663
- Gross operating margin +€20,621
up €20,621 (+18.8%), from €109,433 to €130,054
- Depreciation +€8,651
up €8,651 (+75.7%), from €11,425 to €20,076
- Other operating charges -€2,610
down €2,610 (-42.8%), from €6,099 to €3,489
- Taxes -€1,878
down €1,878 (-5.7%), from €32,843 to €30,965
- Financial charges -€1,736
down €1,736 (-21.7%), from €8,009 to €6,273
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 | €955,171 | €893,034 | -€62,137 | -6.5% |
| Fixed assets | 21/28 | €525,232 | €505,156 | -€20,076 | -3.8% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €525,232 | €505,156 | -€20,076 | -3.8% |
| Land and buildings | 22 | €509,714 | €492,920 | -€16,794 | -3.3% |
| Plant, machinery and equipment | 23 | €2,498 | €1,963 | -€535 | -21.4% |
| Furniture and vehicles | 24 | €13,020 | €10,273 | -€2,747 | -21.1% |
| Current assets | 29/58 | €429,939 | €387,878 | -€42,061 | -9.8% |
| Amounts receivable after more than one year | 29 | €120,000 | €113,335 | -€6,665 | -5.6% |
| Other amounts receivable | 291 | €120,000 | €113,335 | -€6,665 | -5.6% |
| Amounts receivable within one year | 40/41 | €48,904 | €23,589 | -€25,314 | -51.8% |
| Trade receivables | 40 | €48,904 | €22,436 | -€26,468 | -54.1% |
| Other amounts receivable | 41 | - | €1,153 | +€1,153 | |
| Current investments | 50/53 | €125,000 | €125,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €121,896 | €123,355 | +€1,459 | +1.2% |
| Deferred charges and accrued income | 490/1 | €14,139 | €2,599 | -€11,540 | -81.6% |
| Total equity and liabilities | 10/49 | €955,171 | €893,034 | -€62,137 | -6.5% |
| Equity | 10/15 | €680,491 | €679,844 | -€647 | -0.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €674,291 | €673,644 | -€647 | -0.1% |
| Distributable reserves | 133 | €674,291 | €673,644 | -€647 | -0.1% |
| Amounts payable | 17/49 | €274,680 | €213,190 | -€61,490 | -22.4% |
| Amounts payable after more than one year | 17 | €201,580 | €171,094 | -€30,486 | -15.1% |
| Financial debts | 170/4 | €201,580 | €171,094 | -€30,486 | -15.1% |
| Amounts payable within one year | 42/48 | €71,009 | €42,019 | -€28,989 | -40.8% |
| Current portion of amounts payable after more than one year | 42 | €29,601 | €32,176 | +€2,575 | +8.7% |
| Trade debts | 44 | €4,544 | - | -€4,544 | |
| Suppliers | 440/4 | €4,544 | - | -€4,544 | |
| Taxes, remuneration and social security | 45 | €20,407 | €9,843 | -€10,563 | -51.8% |
| Taxes | 450/3 | €18,507 | €9,843 | -€8,663 | -46.8% |
| Remuneration and social security | 454/9 | €1,900 | - | -€1,900 | |
| Other amounts payable | 47/48 | €16,457 | - | -€16,457 | |
| Accrued charges and deferred income | 492/3 | €2,091 | €77 | -€2,014 | -96.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,425 | €20,076 | +€8,651 | +75.7% |
| Other operating charges | 640/8 | €6,099 | €3,489 | -€2,610 | -42.8% |
| Gross operating margin | 9900 | €109,433 | €130,054 | +€20,621 | +18.8% |
| Operating profit (loss) | 9901 | €91,909 | €106,489 | +€14,580 | +15.9% |
| Financial income | 75/76B | €2,245 | €1,886 | -€359 | -16.0% |
| Recurring financial income | 75 | €2,245 | €1,886 | -€359 | -16.0% |
| Financial charges | 65/66B | €8,009 | €6,273 | -€1,736 | -21.7% |
| Recurring financial charges | 65 | €8,009 | €6,273 | -€1,736 | -21.7% |
| Profit (loss) for the period before taxes | 9903 | €86,144 | €102,102 | +€15,958 | +18.5% |
| Income taxes | 67/77 | €32,843 | €30,965 | -€1,878 | -5.7% |
| Profit (loss) for the period | 9904 | €53,301 | €71,136 | +€17,836 | +33.5% |
| Profit (loss) for the period to be appropriated | 9905 | €53,301 | €71,136 | +€17,836 | +33.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.