ElliMax: 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.
ElliMax
Largest movements
- Receivables within one year +€3,062
up €3,062 (+50.0%), from €6,127 to €9,189
of which Trade receivables: +€3,208
- Cash -€1,614
down €1,614 (-26.8%), from €6,021 to €4,407
mainly Contributions, distributions and other (-€4,500) and Receivables within one year (-€3,062)
- Tangible fixed assets -€1,299
down €1,299 (-47.0%), from €2,767 to €1,467
of which Plant, machinery and equipment: -€950
- Tax, wage and social debts +€450
up €450 (+50.0%), from €900 to €1,350
- Trade debts -€365
down €365 (-71.0%), from €514 to €149
- Gross operating margin -€1,336
down €1,336 (-11.3%), from €11,874 to €10,537
- Financial charges -€487
down €487 (-18.0%), from €2,703 to €2,215
- Taxes -€153
down €153 (-6.6%), from €2,329 to €2,176
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 | €16,016 | €16,096 | +€80 | +0.5% |
| Fixed assets | 21/28 | €2,767 | €1,467 | -€1,299 | -47.0% |
| Tangible fixed assets | 22/27 | €2,767 | €1,467 | -€1,299 | -47.0% |
| Plant, machinery and equipment | 23 | €2,349 | €1,399 | -€950 | -40.4% |
| Furniture and vehicles | 24 | €417 | €68 | -€349 | -83.7% |
| Current assets | 29/58 | €13,249 | €14,628 | +€1,379 | +10.4% |
| Amounts receivable within one year | 40/41 | €6,127 | €9,189 | +€3,062 | +50.0% |
| Trade receivables | 40 | €5,457 | €8,665 | +€3,208 | +58.8% |
| Other amounts receivable | 41 | €671 | €524 | -€147 | -21.8% |
| Cash at bank and in hand | 54/58 | €6,021 | €4,407 | -€1,614 | -26.8% |
| Deferred charges and accrued income | 490/1 | €1,100 | €1,032 | -€68 | -6.2% |
| Total equity and liabilities | 10/49 | €16,016 | €16,096 | +€80 | +0.5% |
| Equity | 10/15 | €14,375 | €14,329 | -€47 | -0.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €9,375 | €9,329 | -€47 | -0.5% |
| Amounts payable | 17/49 | €1,640 | €1,767 | +€127 | +7.7% |
| Amounts payable within one year | 42/48 | €1,640 | €1,767 | +€127 | +7.7% |
| Trade debts | 44 | €514 | €149 | -€365 | -71.0% |
| Suppliers | 440/4 | €514 | €149 | -€365 | -71.0% |
| Taxes, remuneration and social security | 45 | €900 | €1,350 | +€450 | +50.0% |
| Taxes | 450/3 | €900 | €1,350 | +€450 | +50.0% |
| Other amounts payable | 47/48 | €226 | €268 | +€42 | +18.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,299 | €1,299 | = | 0.0% |
| Other operating charges | 640/8 | €401 | €393 | -€8 | -1.9% |
| Gross operating margin | 9900 | €11,874 | €10,537 | -€1,336 | -11.3% |
| Operating profit (loss) | 9901 | €10,173 | €8,845 | -€1,329 | -13.1% |
| Financial income | 75/76B | €0 | €0 | -€0 | -70.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -70.0% |
| Financial charges | 65/66B | €2,703 | €2,215 | -€487 | -18.0% |
| Recurring financial charges | 65 | €2,703 | €2,215 | -€487 | -18.0% |
| Profit (loss) for the period before taxes | 9903 | €7,470 | €6,629 | -€841 | -11.3% |
| Income taxes | 67/77 | €2,329 | €2,176 | -€153 | -6.6% |
| Profit (loss) for the period | 9904 | €5,141 | €4,453 | -€688 | -13.4% |
| Profit (loss) for the period to be appropriated | 9905 | €5,141 | €4,453 | -€688 | -13.4% |
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 4 October 2026 via checked.be.