Elma Media: 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.
Elma Media
Largest movements
- Receivables within one year -€173,739
down €173,739 (-73.3%), from €236,936 to €63,197
- Cash +€109,870
up €109,870 (+71.3%), from €154,106 to €263,976
mainly Receivables within one year (+€173,739) and Depreciation (+€27,398)
- Stocks and contracts +€56,814
up €56,814 (+15.4%), from €368,884 to €425,698
- Tangible fixed assets -€14,373
down €14,373 (-20.1%), from €71,417 to €57,044
of which Other tangible fixed assets: -€9,534
- Deferred charges and accrued income +€11,493
up €11,493 (+81.3%), from €14,141 to €25,635
- Tax, wage and social debts -€13,003
down €13,003 (-13.4%), from €97,209 to €84,206
of which Taxes: -€19,405
- Trade debts -€11,274
down €11,274 (-6.4%), from €176,021 to €164,748
- Other debts +€10,122
up €10,122 (+40.7%), from €24,874 to €34,996
- Gross operating margin -€92,651
down €92,651 (-14.3%), from €645,803 to €553,152
- Staff costs +€17,632
up €17,632 (+3.6%), from €484,449 to €502,081
- Write-downs +€14,096
up €14,096, from -€11,976 to €2,120
- Taxes -€7,726
down €7,726 (-48.2%), from €16,018 to €8,291
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 | €845,484 | €835,549 | -€9,935 | -1.2% |
| Fixed assets | 21/28 | €71,417 | €57,044 | -€14,373 | -20.1% |
| Tangible fixed assets | 22/27 | €71,417 | €57,044 | -€14,373 | -20.1% |
| Plant, machinery and equipment | 23 | €28,659 | €29,023 | +€364 | +1.3% |
| Furniture and vehicles | 24 | €16,644 | €11,442 | -€5,202 | -31.3% |
| Other tangible fixed assets | 26 | €26,114 | €16,579 | -€9,534 | -36.5% |
| Current assets | 29/58 | €774,067 | €778,505 | +€4,438 | +0.6% |
| Stocks and contracts in progress | 3 | €368,884 | €425,698 | +€56,814 | +15.4% |
| Stocks | 30/36 | €368,884 | €425,698 | +€56,814 | +15.4% |
| Amounts receivable within one year | 40/41 | €236,936 | €63,197 | -€173,739 | -73.3% |
| Trade receivables | 40 | €236,936 | €63,197 | -€173,739 | -73.3% |
| Cash at bank and in hand | 54/58 | €154,106 | €263,976 | +€109,870 | +71.3% |
| Deferred charges and accrued income | 490/1 | €14,141 | €25,635 | +€11,493 | +81.3% |
| Total equity and liabilities | 10/49 | €845,484 | €835,549 | -€9,935 | -1.2% |
| Equity | 10/15 | €190,380 | €198,388 | +€8,008 | +4.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €94,543 | €94,543 | = | 0.0% |
| Distributable reserves | 133 | €94,543 | €94,543 | = | 0.0% |
| Profit (loss) carried forward | 14 | €89,637 | €97,646 | +€8,008 | +8.9% |
| Amounts payable | 17/49 | €655,104 | €637,161 | -€17,943 | -2.7% |
| Amounts payable after more than one year | 17 | €350,000 | €350,000 | = | 0.0% |
| Financial debts | 170/4 | €350,000 | €350,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €298,104 | €283,949 | -€14,155 | -4.7% |
| Trade debts | 44 | €176,021 | €164,748 | -€11,274 | -6.4% |
| Suppliers | 440/4 | €176,021 | €164,748 | -€11,274 | -6.4% |
| Taxes, remuneration and social security | 45 | €97,209 | €84,206 | -€13,003 | -13.4% |
| Taxes | 450/3 | €52,378 | €32,974 | -€19,405 | -37.0% |
| Remuneration and social security | 454/9 | €44,831 | €51,232 | +€6,401 | +14.3% |
| Other amounts payable | 47/48 | €24,874 | €34,996 | +€10,122 | +40.7% |
| Accrued charges and deferred income | 492/3 | €7,000 | €3,212 | -€3,788 | -54.1% |
| Remuneration, social security and pensions | 62 | €484,449 | €502,081 | +€17,632 | +3.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,368 | €27,398 | +€2,030 | +8.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€11,976 | €2,120 | +€14,096 | |
| Other operating charges | 640/8 | €1,216 | €1,050 | -€165 | -13.6% |
| Non-recurring operating charges | 66A | €1,164 | €0 | -€1,164 | -100% |
| Gross operating margin | 9900 | €645,803 | €553,152 | -€92,651 | -14.3% |
| Operating profit (loss) | 9901 | €145,582 | €20,503 | -€125,079 | -85.9% |
| Financial income | 75/76B | - | €6,285 | +€6,285 | |
| Recurring financial income | 75 | - | €6,285 | +€6,285 | |
| Financial charges | 65/66B | €12,656 | €10,488 | -€2,169 | -17.1% |
| Recurring financial charges | 65 | €12,656 | €10,488 | -€2,169 | -17.1% |
| Profit (loss) for the period before taxes | 9903 | €132,925 | €16,300 | -€116,626 | -87.7% |
| Income taxes | 67/77 | €16,018 | €8,291 | -€7,726 | -48.2% |
| Profit (loss) for the period | 9904 | €116,908 | €8,008 | -€108,900 | -93.2% |
| Profit (loss) for the period to be appropriated | 9905 | €116,908 | €8,008 | -€108,900 | -93.2% |
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 31 October 2026 via checked.be.