ELLMAU: 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.
ELLMAU
Largest movements
- Receivables within one year +€319,650
up €319,650 (+9.9%), from €3.2m to €3.5m
- Debts after one year +€482,690
up €482,690 (+6.5%), from €7.4m to €7.9m
- Profit (loss) carried forward -€219,575
down €219,575 (-7.1%), from -€3.1m to -€3.3m
- Other debts +€100,009
up €100,009 (+12.1%), from €828,357 to €928,366
- Financial income -€107,483
down €107,483 (-27.6%), from €389,996 to €282,513
- Financial charges +€32,190
up €32,190 (+6.7%), from €482,259 to €514,449
- Gross operating margin +€13,978
up €13,978, from -€1,498 to €12,481
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 | €6,744,886 | €7,109,009 | +€364,122 | +5.4% |
| Fixed assets | 21/28 | €3,522,146 | €3,565,767 | +€43,621 | +1.2% |
| Financial fixed assets | 28 | €3,522,146 | €3,565,767 | +€43,621 | +1.2% |
| Current assets | 29/58 | €3,222,740 | €3,543,241 | +€320,501 | +9.9% |
| Amounts receivable within one year | 40/41 | €3,219,176 | €3,538,825 | +€319,650 | +9.9% |
| Other amounts receivable | 41 | €3,219,176 | €3,538,825 | +€319,650 | +9.9% |
| Cash at bank and in hand | 54/58 | €3,565 | €4,416 | +€851 | +23.9% |
| Total equity and liabilities | 10/49 | €6,744,886 | €7,109,009 | +€364,122 | +5.4% |
| Equity | 10/15 | -€1,502,412 | -€1,721,987 | -€219,575 | -14.6% |
| Contributions | 10/11 | €1,588,477 | €1,588,477 | = | 0.0% |
| Reserves | 13 | €786 | €786 | = | 0.0% |
| Non-distributable reserves | 130/1 | €786 | €786 | = | 0.0% |
| Reserves not available under the articles | 1311 | €786 | €786 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,091,674 | -€3,311,250 | -€219,575 | -7.1% |
| Amounts payable | 17/49 | €8,247,298 | €8,830,996 | +€583,698 | +7.1% |
| Amounts payable after more than one year | 17 | €7,418,941 | €7,901,631 | +€482,690 | +6.5% |
| Financial debts | 170/4 | €7,418,941 | €7,901,631 | +€482,690 | +6.5% |
| Amounts payable within one year | 42/48 | €828,357 | €929,365 | +€101,008 | +12.2% |
| Trade debts | 44 | - | €998 | +€998 | |
| Suppliers | 440/4 | - | €998 | +€998 | |
| Other amounts payable | 47/48 | €828,357 | €928,366 | +€100,009 | +12.1% |
| Other operating charges | 640/8 | €118 | €120 | +€2 | +1.7% |
| Gross operating margin | 9900 | -€1,498 | €12,481 | +€13,978 | |
| Operating profit (loss) | 9901 | -€1,616 | €12,361 | +€13,976 | |
| Financial income | 75/76B | €389,996 | €282,513 | -€107,483 | -27.6% |
| Recurring financial income | 75 | €389,996 | €282,513 | -€107,483 | -27.6% |
| Financial charges | 65/66B | €482,259 | €514,449 | +€32,190 | +6.7% |
| Recurring financial charges | 65 | €482,259 | €514,449 | +€32,190 | +6.7% |
| Profit (loss) for the period before taxes | 9903 | -€93,878 | -€219,575 | -€125,697 | -134% |
| Profit (loss) for the period | 9904 | -€93,878 | -€219,575 | -€125,697 | -134% |
| Profit (loss) for the period to be appropriated | 9905 | -€93,878 | -€219,575 | -€125,697 | -134% |
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 19 October 2026 via checked.be.