ELLIMCO: 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.
ELLIMCO
Largest movements
- Tangible fixed assets +€465,987
up €465,987 (+52.8%), from €882,966 to €1.3m
- Cash -€126,696
down €126,696 (-98.7%), from €128,316 to €1,620
mainly Investment in fixed assets (net) (-€520,152) and Trade debts (-€320,118)
- Receivables within one year -€17,165
down €17,165 (-34.9%), from €49,213 to €32,047
of which Other amounts receivable: -€12,909
- Debts after one year +€705,956
up €705,956 (+128.5%), from €549,549 to €1.3m
- Trade debts -€320,118
down €320,118 (-96.3%), from €332,571 to €12,452
- Profit (loss) carried forward -€107,398
down €107,398 (-149.9%), from -€71,660 to -€179,058
- Other debts +€38,307
up €38,307 (+31.5%), from €121,764 to €160,071
- Depreciation +€49,088
up €49,088 (+966.8%), from €5,077 to €54,165
- Financial charges +€37,409
up €37,409 (+268.4%), from €13,939 to €51,348
- Gross operating margin +€11,206
up €11,206 (+87.4%), from -€12,827 to -€1,621
- Other operating charges -€2,552
down €2,552 (-90.6%), from €2,816 to €264
- Taxes -€169
no longer reported in 2025 (was €169)
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 | €1,060,495 | €1,383,631 | +€323,137 | +30.5% |
| Fixed assets | 21/28 | €882,966 | €1,348,953 | +€465,987 | +52.8% |
| Tangible fixed assets | 22/27 | €882,966 | €1,348,953 | +€465,987 | +52.8% |
| Land and buildings | 22 | €882,966 | €1,348,953 | +€465,987 | +52.8% |
| Current assets | 29/58 | €177,529 | €34,679 | -€142,850 | -80.5% |
| Amounts receivable within one year | 40/41 | €49,213 | €32,047 | -€17,165 | -34.9% |
| Trade receivables | 40 | €17,666 | €13,410 | -€4,256 | -24.1% |
| Other amounts receivable | 41 | €31,547 | €18,637 | -€12,909 | -40.9% |
| Cash at bank and in hand | 54/58 | €128,316 | €1,620 | -€126,696 | -98.7% |
| Deferred charges and accrued income | 490/1 | - | €1,011 | +€1,011 | |
| Total equity and liabilities | 10/49 | €1,060,495 | €1,383,631 | +€323,137 | +30.5% |
| Equity | 10/15 | €30,141 | -€77,256 | -€107,398 | |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €95,602 | €95,602 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €93,742 | €93,742 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€71,660 | -€179,058 | -€107,398 | -149.9% |
| Amounts payable | 17/49 | €1,030,353 | €1,460,888 | +€430,535 | +41.8% |
| Amounts payable after more than one year | 17 | €549,549 | €1,255,505 | +€705,956 | +128.5% |
| Financial debts | 170/4 | €549,549 | €1,255,505 | +€705,956 | +128.5% |
| Amounts payable within one year | 42/48 | €476,679 | €192,241 | -€284,438 | -59.7% |
| Current portion of amounts payable after more than one year | 42 | €19,278 | €19,717 | +€439 | +2.3% |
| Trade debts | 44 | €332,571 | €12,452 | -€320,118 | -96.3% |
| Suppliers | 440/4 | €332,571 | €12,452 | -€320,118 | -96.3% |
| Taxes, remuneration and social security | 45 | €3,066 | - | -€3,066 | |
| Taxes | 450/3 | €3,066 | - | -€3,066 | |
| Other amounts payable | 47/48 | €121,764 | €160,071 | +€38,307 | +31.5% |
| Accrued charges and deferred income | 492/3 | €4,125 | €13,142 | +€9,017 | +218.6% |
| Non-recurring operating income | 76A | - | €669 | +€669 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,077 | €54,165 | +€49,088 | +966.8% |
| Other operating charges | 640/8 | €2,816 | €264 | -€2,552 | -90.6% |
| Gross operating margin | 9900 | -€12,827 | -€1,621 | +€11,206 | +87.4% |
| Operating profit (loss) | 9901 | -€20,720 | -€56,050 | -€35,329 | -170.5% |
| Financial charges | 65/66B | €13,939 | €51,348 | +€37,409 | +268.4% |
| Recurring financial charges | 65 | €13,939 | €51,348 | +€37,409 | +268.4% |
| Profit (loss) for the period before taxes | 9903 | -€34,660 | -€107,398 | -€72,738 | -209.9% |
| Income taxes | 67/77 | €169 | - | -€169 | |
| Profit (loss) for the period | 9904 | -€34,828 | -€107,398 | -€72,570 | -208.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€34,828 | -€107,398 | -€72,570 | -208.4% |
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 10 October 2026 via checked.be.