ELMACON: what changed
What changed
ELMACON
NACE 25.110, Manufacture of metal structures and parts of structures
filed annual accounts (NBB)
Net result for the year
€12,062
2024 · €375,025-€362,963
Equity
€1.1m
2024 · €1.1m+€12,062
Cash
€71,145
2024 · €187,433-€116,288
Balance sheet total
€3.4m
2024 · €4.3m-€908,426
Largest movements
Assets
- Receivables within one year -€548,681
down €548,681 (-24.3%), from €2.3m to €1.7m
of which Trade receivables: -€679,495
- Tangible fixed assets -€349,950
down €349,950 (-24.2%), from €1.4m to €1.1m
of which Furniture and vehicles: -€187,286
- Cash -€116,288
down €116,288 (-62.0%), from €187,433 to €71,145
mainly Trade debts (-€959,305) and Debts after one year (-€199,346)
- Stocks and contracts +€94,327
up €94,327 (+26.2%), from €359,849 to €454,177
Equity and liabilities
- Trade debts -€959,305
down €959,305 (-58.5%), from €1.6m to €680,391
- Short-term financial debts +€349,918
up €349,918 (+110%), from €317,022 to €666,940
- Reserves +€300,000
up €300,000 (+38.9%), from €770,557 to €1.1m
of which Distributable reserves: +€300,000
- Profit (loss) carried forward -€287,938
down €287,938 (-86.6%), from €332,607 to €44,669
- Debts after one year -€199,346
down €199,346 (-31.7%), from €628,668 to €429,323
Income statement
- Gross operating margin -€429,763
down €429,763 (-23.6%), from €1.8m to €1.4m
- Staff costs -€127,657
down €127,657 (-12.3%), from €1.0m to €907,961
- Depreciation +€65,386
up €65,386 (+20.7%), from €315,143 to €380,529
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€375,025
Gross operating margin
-€429,763
Staff costs
+€127,657
Depreciation
-€65,386
Other operating charges
+€2,866
Other operating items
-€13,588
Financial income
+€7,777
Financial charges
+€12,098
Taxes
-€4,624
Result 2025
€12,062
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€107,640
Investment
-€30,398
Financing
+€21,750
Cash 2024
€187,433
From operations (derived)
-€107,640
Net result for the year
+€12,062
Depreciation
+€380,529
Stocks and contracts
-€94,327
Receivables within one year
+€548,681
Deferred charges and accrued income
-€12,346
Trade debts
-€959,305
Tax, wage and social debts
+€41,687
Other debts
-€27,255
Accrued charges and deferred income
+€2,635
Investment (derived)
-€30,398
Investment in fixed assets (net)
-€30,398
Financing
+€21,750
Debts after one year
-€199,346
Current portion of long-term debt
-€128,822
Short-term financial debts
+€349,918
Cash 2025
€71,145
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,259,035 | €3,350,609 | -€908,426 | -21.3% |
| Fixed assets | 21/28 | €1,448,455 | €1,098,325 | -€350,131 | -24.2% |
| Tangible fixed assets | 22/27 | €1,446,869 | €1,096,919 | -€349,950 | -24.2% |
| Plant, machinery and equipment | 23 | €354,826 | €240,452 | -€114,374 | -32.2% |
| Furniture and vehicles | 24 | €598,469 | €411,183 | -€187,286 | -31.3% |
| Leasing and similar rights | 25 | €397,705 | €345,205 | -€52,500 | -13.2% |
| Other tangible fixed assets | 26 | €95,869 | €100,079 | +€4,210 | +4.4% |
| Financial fixed assets | 28 | €1,586 | €1,406 | -€180 | -11.4% |
| Current assets | 29/58 | €2,810,579 | €2,252,284 | -€558,295 | -19.9% |
| Stocks and contracts in progress | 3 | €359,849 | €454,177 | +€94,327 | +26.2% |
| Stocks | 30/36 | €359,849 | €454,177 | +€94,327 | +26.2% |
| Amounts receivable within one year | 40/41 | €2,259,666 | €1,710,985 | -€548,681 | -24.3% |
| Trade receivables | 40 | €2,095,955 | €1,416,460 | -€679,495 | -32.4% |
| Other amounts receivable | 41 | €163,711 | €294,525 | +€130,814 | +79.9% |
| Cash at bank and in hand | 54/58 | €187,433 | €71,145 | -€116,288 | -62.0% |
| Deferred charges and accrued income | 490/1 | €3,632 | €15,978 | +€12,346 | +340% |
| Total equity and liabilities | 10/49 | €4,259,035 | €3,350,609 | -€908,426 | -21.3% |
| Equity | 10/15 | €1,129,596 | €1,141,658 | +€12,062 | +1.1% |
| Contributions | 10/11 | €26,432 | €26,432 | = | 0.0% |
| Reserves | 13 | €770,557 | €1,070,557 | +€300,000 | +38.9% |
| Non-distributable reserves | 130/1 | €2,643 | €2,643 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,643 | €2,643 | = | 0.0% |
| Distributable reserves | 133 | €767,913 | €1,067,913 | +€300,000 | +39.1% |
| Profit (loss) carried forward | 14 | €332,607 | €44,669 | -€287,938 | -86.6% |
| Amounts payable | 17/49 | €3,129,439 | €2,208,951 | -€920,488 | -29.4% |
| Amounts payable after more than one year | 17 | €628,668 | €429,323 | -€199,346 | -31.7% |
| Financial debts | 170/4 | €628,668 | €429,323 | -€199,346 | -31.7% |
| Amounts payable within one year | 42/48 | €2,500,771 | €1,776,994 | -€723,777 | -28.9% |
| Current portion of amounts payable after more than one year | 42 | €328,168 | €199,346 | -€128,822 | -39.3% |
| Financial debts | 43 | €317,022 | €666,940 | +€349,918 | +110% |
| Credit institutions | 430/8 | €317,022 | €666,940 | +€349,918 | +110% |
| Trade debts | 44 | €1,639,696 | €680,391 | -€959,305 | -58.5% |
| Suppliers | 440/4 | €1,639,696 | €680,391 | -€959,305 | -58.5% |
| Taxes, remuneration and social security | 45 | €107,483 | €149,170 | +€41,687 | +38.8% |
| Taxes | 450/3 | €11,164 | €93,233 | +€82,068 | +735% |
| Remuneration and social security | 454/9 | €96,319 | €55,937 | -€40,382 | -41.9% |
| Other amounts payable | 47/48 | €108,402 | €81,147 | -€27,255 | -25.1% |
| Accrued charges and deferred income | 492/3 | - | €2,635 | +€2,635 | |
| Remuneration, social security and pensions | 62 | €1,035,619 | €907,961 | -€127,657 | -12.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €315,143 | €380,529 | +€65,386 | +20.7% |
| Other operating charges | 640/8 | €16,398 | €13,532 | -€2,866 | -17.5% |
| Non-recurring operating charges | 66A | €1,549 | €15,137 | +€13,588 | +877% |
| Gross operating margin | 9900 | €1,819,889 | €1,390,126 | -€429,763 | -23.6% |
| Operating profit (loss) | 9901 | €451,180 | €72,966 | -€378,213 | -83.8% |
| Financial income | 75/76B | €1,334 | €9,110 | +€7,777 | +583% |
| Recurring financial income | 75 | €1,334 | €9,110 | +€7,777 | +583% |
| Financial charges | 65/66B | €62,567 | €50,470 | -€12,098 | -19.3% |
| Recurring financial charges | 65 | €62,567 | €50,470 | -€12,098 | -19.3% |
| Profit (loss) for the period before taxes | 9903 | €389,946 | €31,607 | -€358,339 | -91.9% |
| Income taxes | 67/77 | €14,921 | €19,545 | +€4,624 | +31.0% |
| Profit (loss) for the period | 9904 | €375,025 | €12,062 | -€362,963 | -96.8% |
| Profit (loss) for the period to be appropriated | 9905 | €375,025 | €12,062 | -€362,963 | -96.8% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.