Ellomar: 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.
Ellomar
Largest movements
- Financial fixed assets +€1.3m
new in 2025: €1.3m
- Cash +€125,201
up €125,201 (+391.5%), from €31,976 to €157,177
mainly Debts after one year (+€1.1m) and Receivables within one year (+€75,969)
- Receivables within one year -€75,969
down €75,969 (-72.1%), from €105,438 to €29,469
of which Trade receivables: -€97,687
- Debts after one year +€1.1m
new in 2025: €1.1m
of which Other amounts payable: +€664,654
- Other debts +€75,101
up €75,101 (+8742.9%), from €859 to €75,960
- Reserves +€71,732
up €71,732 (+70.2%), from €102,112 to €173,844
- Current portion of long-term debt +€64,692
new in 2025: €64,692
- Gross operating margin +€32,123
up €32,123 (+46.9%), from €68,459 to €100,582
- Financial charges +€10,339
up €10,339 (+1692.8%), from €611 to €10,949
- Taxes +€4,819
up €4,819 (+35.7%), from €13,492 to €18,311
- Other operating charges -€3,543
down €3,543 (-97.0%), from €3,652 to €110
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 | €137,414 | €1,448,694 | +€1.3m | +954.3% |
| Fixed assets | 21/28 | - | €1,259,604 | +€1.3m | |
| Financial fixed assets | 28 | - | €1,259,604 | +€1.3m | |
| Current assets | 29/58 | €137,414 | €189,090 | +€51,676 | +37.6% |
| Amounts receivable within one year | 40/41 | €105,438 | €29,469 | -€75,969 | -72.1% |
| Trade receivables | 40 | €98,930 | €1,243 | -€97,687 | -98.7% |
| Other amounts receivable | 41 | €6,508 | €28,226 | +€21,718 | +333.7% |
| Cash at bank and in hand | 54/58 | €31,976 | €157,177 | +€125,201 | +391.5% |
| Deferred charges and accrued income | 490/1 | - | €2,444 | +€2,444 | |
| Total equity and liabilities | 10/49 | €137,414 | €1,448,694 | +€1.3m | +954.3% |
| Equity | 10/15 | €103,112 | €174,844 | +€71,732 | +69.6% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €102,112 | €173,844 | +€71,732 | +70.2% |
| Distributable reserves | 133 | €102,112 | €173,844 | +€71,732 | +70.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €34,302 | €1,273,850 | +€1.2m | +3613.6% |
| Amounts payable after more than one year | 17 | - | €1,094,667 | +€1.1m | |
| Financial debts | 170/4 | - | €430,014 | +€430,014 | |
| Other amounts payable | 178/9 | - | €664,654 | +€664,654 | |
| Amounts payable within one year | 42/48 | €34,302 | €171,363 | +€137,061 | +399.6% |
| Current portion of amounts payable after more than one year | 42 | - | €64,692 | +€64,692 | |
| Trade debts | 44 | €0 | €1,315 | +€1,315 | |
| Suppliers | 440/4 | €0 | €1,315 | +€1,315 | |
| Taxes, remuneration and social security | 45 | €33,443 | €29,395 | -€4,048 | -12.1% |
| Taxes | 450/3 | €33,443 | €29,395 | -€4,048 | -12.1% |
| Other amounts payable | 47/48 | €859 | €75,960 | +€75,101 | +8742.9% |
| Accrued charges and deferred income | 492/3 | - | €7,820 | +€7,820 | |
| Other operating charges | 640/8 | €3,652 | €110 | -€3,543 | -97.0% |
| Gross operating margin | 9900 | €68,459 | €100,582 | +€32,123 | +46.9% |
| Operating profit (loss) | 9901 | €64,806 | €100,472 | +€35,666 | +55.0% |
| Financial income | 75/76B | - | €520 | +€520 | |
| Recurring financial income | 75 | - | €520 | +€520 | |
| Financial charges | 65/66B | €611 | €10,949 | +€10,339 | +1692.8% |
| Recurring financial charges | 65 | €611 | €10,949 | +€10,339 | +1692.8% |
| Profit (loss) for the period before taxes | 9903 | €64,196 | €90,043 | +€25,848 | +40.3% |
| Income taxes | 67/77 | €13,492 | €18,311 | +€4,819 | +35.7% |
| Profit (loss) for the period | 9904 | €50,703 | €71,732 | +€21,029 | +41.5% |
| Profit (loss) for the period to be appropriated | 9905 | €50,703 | €71,732 | +€21,029 | +41.5% |
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 3 October 2026 via checked.be.