ELLMI: 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.
ELLMI
Largest movements
- Financial fixed assets +€1.7m
new in 2025: €1.7m
- Cash -€64,110
down €64,110 (-31.9%), from €200,735 to €136,625
mainly Investment in fixed assets (net) (-€1.7m) and Contributions, distributions and other (-€70,000)
- Current investments +€22,394
up €22,394 (+57.5%), from €38,920 to €61,314
- Receivables within one year +€20,820
up €20,820 (+97.4%), from €21,385 to €42,204
of which Trade receivables: +€20,570
- Debts after one year +€1.4m
new in 2025: €1.4m
- Current portion of long-term debt +€157,790
new in 2025: €157,790
- Other debts +€81,500
new in 2025: €81,500
- Reserves +€27,535
up €27,535 (+10.2%), from €270,161 to €297,696
- Financial charges +€45,180
up €45,180 (+2,611%), from €1,731 to €46,910
- Gross operating margin +€26,559
up €26,559 (+18.1%), from €146,684 to €173,243
- Taxes -€5,707
down €5,707 (-15.9%), from €35,860 to €30,153
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 | €315,338 | €1,996,384 | +€1.7m | +533% |
| Fixed assets | 21/28 | - | €1,700,000 | +€1.7m | |
| Financial fixed assets | 28 | - | €1,700,000 | +€1.7m | |
| Current assets | 29/58 | €315,338 | €296,384 | -€18,954 | -6.0% |
| Amounts receivable after more than one year | 29 | €50,000 | €52,000 | +€2,000 | +4.0% |
| Other amounts receivable | 291 | €50,000 | €52,000 | +€2,000 | +4.0% |
| Amounts receivable within one year | 40/41 | €21,385 | €42,204 | +€20,820 | +97.4% |
| Trade receivables | 40 | €18,150 | €38,720 | +€20,570 | +113% |
| Other amounts receivable | 41 | €3,235 | €3,484 | +€250 | +7.7% |
| Current investments | 50/53 | €38,920 | €61,314 | +€22,394 | +57.5% |
| Cash at bank and in hand | 54/58 | €200,735 | €136,625 | -€64,110 | -31.9% |
| Deferred charges and accrued income | 490/1 | €4,298 | €4,241 | -€57 | -1.3% |
| Total equity and liabilities | 10/49 | €315,338 | €1,996,384 | +€1.7m | +533% |
| Equity | 10/15 | €275,161 | €302,696 | +€27,535 | +10.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €270,161 | €297,696 | +€27,535 | +10.2% |
| Distributable reserves | 133 | €270,161 | €297,696 | +€27,535 | +10.2% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €40,176 | €1,693,688 | +€1.7m | +4,116% |
| Amounts payable after more than one year | 17 | - | €1,402,291 | +€1.4m | |
| Financial debts | 170/4 | - | €1,402,291 | +€1.4m | |
| Amounts payable within one year | 42/48 | €40,176 | €284,258 | +€244,081 | +608% |
| Current portion of amounts payable after more than one year | 42 | - | €157,790 | +€157,790 | |
| Financial debts | 43 | €17,689 | €14,583 | -€3,106 | -17.6% |
| Credit institutions | 430/8 | €17,689 | €14,583 | -€3,106 | -17.6% |
| Trade debts | 44 | €6,953 | €267 | -€6,687 | -96.2% |
| Suppliers | 440/4 | €6,953 | €267 | -€6,687 | -96.2% |
| Taxes, remuneration and social security | 45 | €15,534 | €30,117 | +€14,584 | +93.9% |
| Taxes | 450/3 | €15,534 | €30,117 | +€14,584 | +93.9% |
| Other amounts payable | 47/48 | - | €81,500 | +€81,500 | |
| Accrued charges and deferred income | 492/3 | - | €7,140 | +€7,140 | |
| Other operating charges | 640/8 | €1,008 | €932 | -€76 | -7.5% |
| Gross operating margin | 9900 | €146,684 | €173,243 | +€26,559 | +18.1% |
| Operating profit (loss) | 9901 | €145,676 | €172,311 | +€26,635 | +18.3% |
| Financial income | 75/76B | €2,223 | €2,287 | +€64 | +2.9% |
| Recurring financial income | 75 | €2,223 | €2,287 | +€64 | +2.9% |
| Financial charges | 65/66B | €1,731 | €46,910 | +€45,180 | +2,611% |
| Recurring financial charges | 65 | €1,731 | €46,910 | +€45,180 | +2,611% |
| Profit (loss) for the period before taxes | 9903 | €146,168 | €127,688 | -€18,481 | -12.6% |
| Income taxes | 67/77 | €35,860 | €30,153 | -€5,707 | -15.9% |
| Profit (loss) for the period | 9904 | €110,308 | €97,535 | -€12,773 | -11.6% |
| Profit (loss) for the period to be appropriated | 9905 | €110,308 | €97,535 | -€12,773 | -11.6% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.