ELLIMAC DEVELOPMENT: 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.
ELLIMAC DEVELOPMENT
Largest movements
- Cash -€14,038
down €14,038 (-47.9%), from €29,281 to €15,243
mainly Net result for the year (-€31,855) and Contributions, distributions and other (-€30,000)
- Tangible fixed assets -€3,153
down €3,153 (-48.7%), from €6,477 to €3,325
of which Plant, machinery and equipment: -€1,642
- Profit (loss) carried forward -€61,855
down €61,855 (-64.6%), from €95,782 to €33,927
- Other debts +€26,651
up €26,651 (+146.1%), from €18,240 to €44,891
- Debts after one year +€18,968
new in 2025: €18,968
- Trade debts -€13,853
down €13,853 (-36.7%), from €37,792 to €23,939
- Tax, wage and social debts +€9,016
up €9,016 (+435.3%), from €2,071 to €11,088
- Gross operating margin -€44,640
down €44,640, from €24,347 to -€20,293
- Other operating charges +€1,249
up €1,249 (+57.1%), from €2,187 to €3,436
- Financial charges +€665
up €665 (+18.9%), from €3,514 to €4,179
- Depreciation -€313
down €313 (-8.2%), from €3,795 to €3,483
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 | €161,946 | €145,205 | -€16,740 | -10.3% |
| Fixed assets | 21/28 | €106,527 | €103,375 | -€3,153 | -3.0% |
| Tangible fixed assets | 22/27 | €6,477 | €3,325 | -€3,153 | -48.7% |
| Plant, machinery and equipment | 23 | €4,336 | €2,694 | -€1,642 | -37.9% |
| Furniture and vehicles | 24 | €2,142 | €631 | -€1,511 | -70.6% |
| Financial fixed assets | 28 | €100,050 | €100,050 | = | 0.0% |
| Current assets | 29/58 | €55,418 | €41,831 | -€13,587 | -24.5% |
| Amounts receivable within one year | 40/41 | €24,364 | €25,199 | +€835 | +3.4% |
| Trade receivables | 40 | €19,716 | €23,029 | +€3,313 | +16.8% |
| Other amounts receivable | 41 | €4,648 | €2,170 | -€2,478 | -53.3% |
| Cash at bank and in hand | 54/58 | €29,281 | €15,243 | -€14,038 | -47.9% |
| Deferred charges and accrued income | 490/1 | €1,773 | €1,389 | -€384 | -21.7% |
| Total equity and liabilities | 10/49 | €161,946 | €145,205 | -€16,740 | -10.3% |
| Equity | 10/15 | €103,842 | €41,987 | -€61,855 | -59.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €95,782 | €33,927 | -€61,855 | -64.6% |
| Amounts payable | 17/49 | €58,104 | €103,218 | +€45,115 | +77.6% |
| Amounts payable after more than one year | 17 | - | €18,968 | +€18,968 | |
| Financial debts | 170/4 | - | €18,968 | +€18,968 | |
| Amounts payable within one year | 42/48 | €58,104 | €84,251 | +€26,147 | +45.0% |
| Current portion of amounts payable after more than one year | 42 | - | €4,334 | +€4,334 | |
| Trade debts | 44 | €37,792 | €23,939 | -€13,853 | -36.7% |
| Suppliers | 440/4 | €37,792 | €23,939 | -€13,853 | -36.7% |
| Taxes, remuneration and social security | 45 | €2,071 | €11,088 | +€9,016 | +435.3% |
| Taxes | 450/3 | €2,071 | €11,088 | +€9,016 | +435.3% |
| Other amounts payable | 47/48 | €18,240 | €44,891 | +€26,651 | +146.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,795 | €3,483 | -€313 | -8.2% |
| Other operating charges | 640/8 | €2,187 | €3,436 | +€1,249 | +57.1% |
| Gross operating margin | 9900 | €24,347 | -€20,293 | -€44,640 | |
| Operating profit (loss) | 9901 | €18,365 | -€27,211 | -€45,576 | |
| Financial income | 75/76B | €78 | €5 | -€73 | -93.9% |
| Recurring financial income | 75 | €78 | €5 | -€73 | -93.9% |
| Financial charges | 65/66B | €3,514 | €4,179 | +€665 | +18.9% |
| Recurring financial charges | 65 | €3,514 | €4,179 | +€665 | +18.9% |
| Profit (loss) for the period before taxes | 9903 | €14,929 | -€31,385 | -€46,314 | |
| Income taxes | 67/77 | €322 | €470 | +€148 | +46.0% |
| Profit (loss) for the period | 9904 | €14,607 | -€31,855 | -€46,462 | |
| Profit (loss) for the period to be appropriated | 9905 | €14,607 | -€31,855 | -€46,462 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.