ELMA POWER: 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 POWER
Largest movements
- Receivables within one year +€17,843
up €17,843 (+102.9%), from €17,343 to €35,186
of which Trade receivables: +€23,755
- Tangible fixed assets -€11,897
down €11,897 (-33.2%), from €35,869 to €23,972
- Cash -€7,743
down €7,743 (-99.7%), from €7,765 to €21
mainly Receivables within one year (-€17,843) and Debts after one year (-€7,196)
- Deferred charges and accrued income -€1,278
down €1,278 (-100.0%), from €1,278 to €0
- Tax, wage and social debts +€7,812
up €7,812 (+290.5%), from €2,689 to €10,500
of which Taxes: +€4,466
- Debts after one year -€7,196
down €7,196 (-33.1%), from €21,734 to €14,538
- Profit (loss) carried forward -€2,564
down €2,564 (-12.9%), from €19,924 to €17,360
- Current portion of long-term debt -€1,409
down €1,409 (-16.4%), from €8,605 to €7,196
- Staff costs +€37,307
new in 2025: €37,307
- Gross operating margin +€14,190
up €14,190 (+38.8%), from €36,552 to €50,742
- Depreciation +€8,590
up €8,590 (+160.9%), from €5,338 to €13,928
- Taxes -€5,440
down €5,440 (-100.0%), from €5,440 to €0
- Other operating charges -€911
down €911 (-66.9%), from €1,362 to €450
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 | €62,858 | €59,179 | -€3,679 | -5.9% |
| Formation expenses | 20 | €603 | €0 | -€603 | -100.0% |
| Fixed assets | 21/28 | €35,869 | €23,972 | -€11,897 | -33.2% |
| Tangible fixed assets | 22/27 | €35,869 | €23,972 | -€11,897 | -33.2% |
| Furniture and vehicles | 24 | €35,869 | €23,972 | -€11,897 | -33.2% |
| Current assets | 29/58 | €26,386 | €35,207 | +€8,821 | +33.4% |
| Amounts receivable within one year | 40/41 | €17,343 | €35,186 | +€17,843 | +102.9% |
| Trade receivables | 40 | - | €23,755 | +€23,755 | |
| Other amounts receivable | 41 | €17,343 | €11,431 | -€5,912 | -34.1% |
| Cash at bank and in hand | 54/58 | €7,765 | €21 | -€7,743 | -99.7% |
| Deferred charges and accrued income | 490/1 | €1,278 | €0 | -€1,278 | -100.0% |
| Total equity and liabilities | 10/49 | €62,858 | €59,179 | -€3,679 | -5.9% |
| Equity | 10/15 | €25,924 | €23,360 | -€2,564 | -9.9% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €19,924 | €17,360 | -€2,564 | -12.9% |
| Amounts payable | 17/49 | €36,934 | €35,820 | -€1,114 | -3.0% |
| Amounts payable after more than one year | 17 | €21,734 | €14,538 | -€7,196 | -33.1% |
| Financial debts | 170/4 | €21,734 | €14,538 | -€7,196 | -33.1% |
| Amounts payable within one year | 42/48 | €15,200 | €21,281 | +€6,081 | +40.0% |
| Current portion of amounts payable after more than one year | 42 | €8,605 | €7,196 | -€1,409 | -16.4% |
| Trade debts | 44 | €3,888 | €3,585 | -€303 | -7.8% |
| Suppliers | 440/4 | €3,888 | €3,585 | -€303 | -7.8% |
| Taxes, remuneration and social security | 45 | €2,689 | €10,500 | +€7,812 | +290.5% |
| Taxes | 450/3 | €2,689 | €7,154 | +€4,466 | +166.1% |
| Remuneration and social security | 454/9 | - | €3,346 | +€3,346 | |
| Other amounts payable | 47/48 | €18 | - | -€18 | |
| Remuneration, social security and pensions | 62 | - | €37,307 | +€37,307 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,338 | €13,928 | +€8,590 | +160.9% |
| Other operating charges | 640/8 | €1,362 | €450 | -€911 | -66.9% |
| Gross operating margin | 9900 | €36,552 | €50,742 | +€14,190 | +38.8% |
| Operating profit (loss) | 9901 | €29,852 | -€943 | -€30,795 | |
| Financial income | 75/76B | €238 | €0 | -€238 | -100.0% |
| Recurring financial income | 75 | €238 | €0 | -€238 | -100.0% |
| Financial charges | 65/66B | €1,029 | €1,621 | +€592 | +57.6% |
| Recurring financial charges | 65 | €1,029 | €1,621 | +€592 | +57.6% |
| Profit (loss) for the period before taxes | 9903 | €29,061 | -€2,564 | -€31,625 | |
| Income taxes | 67/77 | €5,440 | €0 | -€5,440 | -100.0% |
| Profit (loss) for the period | 9904 | €23,621 | -€2,564 | -€26,185 | |
| Profit (loss) for the period to be appropriated | 9905 | €23,621 | -€2,564 | -€26,185 |
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.