Elmace: 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.
Elmace
Largest movements
- Cash -€697,244
down €697,244 (-72.8%), from €957,939 to €260,695
mainly Receivables after one year (-€530,000) and Other debts (-€474,286)
- Receivables after one year +€530,000
new in 2025: €530,000
- Current investments -€276,947
down €276,947 (-11.8%), from €2.4m to €2.1m
- Tangible fixed assets +€111,992
up €111,992 (+131%), from €85,201 to €197,193
of which Furniture and vehicles: +€94,623
- Other debts -€474,286
down €474,286 (-97.8%), from €485,168 to €10,882
- Reserves +€186,330
up €186,330 (+6.4%), from €2.9m to €3.1m
- Financial charges -€30,529
down €30,529 (-99.6%), from €30,644 to €114
of which Financial charges: -€30,360
- Financial income +€22,707
up €22,707 (+51.2%), from €44,313 to €67,020
of which Financial income: +€12,811
- Other operating charges +€15,337
up €15,337 (+166%), from €9,237 to €24,574
- Depreciation +€11,346
up €11,346 (+52.4%), from €21,639 to €32,984
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 | €3,404,508 | €3,107,108 | -€297,400 | -8.7% |
| Fixed assets | 21/28 | €85,201 | €197,193 | +€111,992 | +131% |
| Tangible fixed assets | 22/27 | €85,201 | €197,193 | +€111,992 | +131% |
| Land and buildings | 22 | €48,908 | €41,921 | -€6,987 | -14.3% |
| Plant, machinery and equipment | 23 | €4,728 | €2,396 | -€2,332 | -49.3% |
| Furniture and vehicles | 24 | €13,291 | €107,914 | +€94,623 | +712% |
| Other tangible fixed assets | 26 | €18,274 | €44,962 | +€26,688 | +146% |
| Current assets | 29/58 | €3,319,307 | €2,909,915 | -€409,392 | -12.3% |
| Amounts receivable after more than one year | 29 | - | €530,000 | +€530,000 | |
| Other amounts receivable | 291 | - | €530,000 | +€530,000 | |
| Amounts receivable within one year | 40/41 | €7,277 | €32,103 | +€24,827 | +341% |
| Other amounts receivable | 41 | €7,277 | €32,103 | +€24,827 | +341% |
| Current investments | 50/53 | €2,353,608 | €2,076,661 | -€276,947 | -11.8% |
| Cash at bank and in hand | 54/58 | €957,939 | €260,695 | -€697,244 | -72.8% |
| Deferred charges and accrued income | 490/1 | €483 | €10,456 | +€9,973 | +2,064% |
| Total equity and liabilities | 10/49 | €3,404,508 | €3,107,108 | -€297,400 | -8.7% |
| Equity | 10/15 | €2,896,508 | €3,082,838 | +€186,330 | +6.4% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €2,890,508 | €3,076,838 | +€186,330 | +6.4% |
| Distributable reserves | 133 | €2,890,508 | €3,076,838 | +€186,330 | +6.4% |
| Amounts payable | 17/49 | €508,000 | €24,270 | -€483,730 | -95.2% |
| Amounts payable within one year | 42/48 | €503,312 | €19,224 | -€484,088 | -96.2% |
| Trade debts | 44 | €8,647 | €8,092 | -€555 | -6.4% |
| Suppliers | 440/4 | €8,647 | €8,092 | -€555 | -6.4% |
| Taxes, remuneration and social security | 45 | €9,497 | €250 | -€9,247 | -97.4% |
| Taxes | 450/3 | €9,497 | €250 | -€9,247 | -97.4% |
| Other amounts payable | 47/48 | €485,168 | €10,882 | -€474,286 | -97.8% |
| Accrued charges and deferred income | 492/3 | €4,688 | €5,045 | +€358 | +7.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,639 | €32,984 | +€11,346 | +52.4% |
| Other operating charges | 640/8 | €9,237 | €24,574 | +€15,337 | +166% |
| Gross operating margin | 9900 | €718,855 | €725,153 | +€6,298 | +0.9% |
| Operating profit (loss) | 9901 | €687,980 | €667,594 | -€20,385 | -3.0% |
| Financial income | 75/76B | €44,313 | €67,020 | +€22,707 | +51.2% |
| Recurring financial income | 75 | €44,313 | €57,124 | +€12,811 | +28.9% |
| Non-recurring financial income | 76B | - | €9,896 | +€9,896 | |
| Financial charges | 65/66B | €30,644 | €114 | -€30,529 | -99.6% |
| Recurring financial charges | 65 | €30,474 | €114 | -€30,360 | -99.6% |
| Non-recurring financial charges | 66B | €169 | - | -€169 | |
| Profit (loss) for the period before taxes | 9903 | €701,649 | €734,500 | +€32,851 | +4.7% |
| Income taxes | 67/77 | €219,461 | €223,845 | +€4,383 | +2.0% |
| Profit (loss) for the period | 9904 | €482,188 | €510,655 | +€28,468 | +5.9% |
| Profit (loss) for the period to be appropriated | 9905 | €482,188 | €510,655 | +€28,468 | +5.9% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.