ELMAB: 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.
ELMAB
Largest movements
- Current investments -€8,185
down €8,185 (-49.8%), from €16,438 to €8,253
- Profit (loss) carried forward -€8,215
down €8,215, from €4,719 to -€3,496
- Staff costs +€8,737
new in 2025: €8,737
- Gross operating margin +€897
up €897, from -€330 to €567
- Financial income -€69
no longer reported in 2025 (was €69)
of which Financial income: -€69
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €17,178 | €8,993 | -€8,185 | -47.6% |
| Current assets | 29/58 | €17,178 | €8,993 | -€8,185 | -47.6% |
| Amounts receivable within one year | 40/41 | €740 | €740 | = | 0.0% |
| Other amounts receivable | 41 | €740 | €740 | = | 0.0% |
| Current investments | 50/53 | €16,438 | €8,253 | -€8,185 | -49.8% |
| Total equity and liabilities | 10/49 | €17,178 | €8,993 | -€8,185 | -47.6% |
| Equity | 10/15 | €17,119 | €8,904 | -€8,215 | -48.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Outside capital | 11 | €12,400 | €12,400 | = | 0.0% |
| Other | 1109/19 | €12,400 | €12,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,719 | -€3,496 | -€8,215 | |
| Amounts payable | 17/49 | €59 | €89 | +€30 | +50.8% |
| Amounts payable within one year | 42/48 | €59 | €89 | +€30 | +50.8% |
| Trade debts | 44 | €59 | €89 | +€30 | +50.8% |
| Suppliers | 440/4 | €59 | €89 | +€30 | +50.8% |
| Remuneration, social security and pensions | 62 | - | €8,737 | +€8,737 | |
| Gross operating margin | 9900 | -€330 | €567 | +€897 | |
| Operating profit (loss) | 9901 | -€330 | -€8,170 | -€7,840 | -2375.8% |
| Financial income | 75/76B | €69 | - | -€69 | |
| Recurring financial income | 75 | €69 | - | -€69 | |
| Non-recurring financial income | 76B | €69 | - | -€69 | |
| Financial charges | 65/66B | €45 | €45 | = | 0.0% |
| Recurring financial charges | 65 | €45 | €45 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | -€306 | -€8,215 | -€7,909 | -2584.6% |
| Profit (loss) for the period | 9904 | -€306 | -€8,215 | -€7,909 | -2584.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€306 | -€8,215 | -€7,909 | -2584.6% |
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 2 October 2026 via checked.be.