ELMAFIN SERVICES: 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.
ELMAFIN SERVICES
Largest movements
- Cash +€264,705
up €264,705 (+104%), from €254,334 to €519,039
mainly Net result for the year (+€415,393) and Tax, wage and social debts (+€81,516)
- Receivables after one year +€51,564
up €51,564 (+103%), from €50,000 to €101,564
- Receivables within one year +€45,618
up €45,618 (+3,258%), from €1,400 to €47,018
of which Other amounts receivable: +€27,658
- Tangible fixed assets -€24,667
down €24,667 (-6.0%), from €409,550 to €384,883
of which Furniture and vehicles: -€16,510
- Reserves +€290,393
up €290,393 (+88.9%), from €326,654 to €617,046
of which Distributable reserves: +€292,174
- Tax, wage and social debts +€81,516
up €81,516 (+964%), from €8,454 to €89,970
- Debts after one year -€36,183
down €36,183 (-13.7%), from €263,555 to €227,371
- Gross operating margin +€348,720
up €348,720 (+141%), from €247,408 to €596,128
- Taxes +€94,768
up €94,768 (+213%), from €44,400 to €139,168
- Depreciation -€26,791
down €26,791 (-45.0%), from €59,526 to €32,735
- Financial income -€17,971
down €17,971 (-90.3%), from €19,910 to €1,939
of which Non-recurring financial income: -€19,910
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 | €718,308 | €1,057,241 | +€338,933 | +47.2% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €409,550 | €384,883 | -€24,667 | -6.0% |
| Tangible fixed assets | 22/27 | €409,550 | €384,883 | -€24,667 | -6.0% |
| Land and buildings | 22 | €310,823 | €302,666 | -€8,157 | -2.6% |
| Furniture and vehicles | 24 | €98,727 | €82,217 | -€16,510 | -16.7% |
| Current assets | 29/58 | €308,758 | €672,359 | +€363,600 | +118% |
| Amounts receivable after more than one year | 29 | €50,000 | €101,564 | +€51,564 | +103% |
| Other amounts receivable | 291 | €50,000 | €101,564 | +€51,564 | +103% |
| Amounts receivable within one year | 40/41 | €1,400 | €47,018 | +€45,618 | +3,258% |
| Trade receivables | 40 | €1,400 | €19,360 | +€17,960 | +1,283% |
| Other amounts receivable | 41 | - | €27,658 | +€27,658 | |
| Cash at bank and in hand | 54/58 | €254,334 | €519,039 | +€264,705 | +104% |
| Deferred charges and accrued income | 490/1 | €3,024 | €4,738 | +€1,713 | +56.7% |
| Total equity and liabilities | 10/49 | €718,308 | €1,057,241 | +€338,933 | +47.2% |
| Equity | 10/15 | €390,654 | €681,046 | +€290,393 | +74.3% |
| Contributions | 10/11 | €64,000 | €64,000 | = | 0.0% |
| Capital | 10 | €64,000 | €64,000 | = | 0.0% |
| Issued capital | 100 | €64,000 | €64,000 | = | 0.0% |
| Reserves | 13 | €326,654 | €617,046 | +€290,393 | +88.9% |
| Non-distributable reserves | 130/1 | €6,400 | €6,400 | = | 0.0% |
| Legal reserve | 130 | €6,400 | €6,400 | = | 0.0% |
| Tax-exempt reserves | 132 | €52,118 | €50,336 | -€1,782 | -3.4% |
| Distributable reserves | 133 | €268,135 | €560,310 | +€292,174 | +109% |
| Provisions and deferred taxes | 16 | €13,030 | €12,584 | -€445 | -3.4% |
| Deferred taxes | 168 | €13,030 | €12,584 | -€445 | -3.4% |
| Amounts payable | 17/49 | €314,625 | €363,611 | +€48,986 | +15.6% |
| Amounts payable after more than one year | 17 | €263,555 | €227,371 | -€36,183 | -13.7% |
| Financial debts | 170/4 | €263,555 | €227,371 | -€36,183 | -13.7% |
| Amounts payable within one year | 42/48 | €51,070 | €136,240 | +€85,169 | +167% |
| Current portion of amounts payable after more than one year | 42 | €35,154 | €36,183 | +€1,029 | +2.9% |
| Trade debts | 44 | €661 | €5,070 | +€4,409 | +667% |
| Suppliers | 440/4 | €661 | €5,070 | +€4,409 | +667% |
| Taxes, remuneration and social security | 45 | €8,454 | €89,970 | +€81,516 | +964% |
| Taxes | 450/3 | €8,454 | €89,970 | +€81,516 | +964% |
| Other amounts payable | 47/48 | €6,801 | €5,016 | -€1,785 | -26.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €59,526 | €32,735 | -€26,791 | -45.0% |
| Other operating charges | 640/8 | €3,604 | €4,494 | +€890 | +24.7% |
| Gross operating margin | 9900 | €247,408 | €596,128 | +€348,720 | +141% |
| Operating profit (loss) | 9901 | €184,278 | €558,899 | +€374,621 | +203% |
| Financial income | 75/76B | €19,910 | €1,939 | -€17,971 | -90.3% |
| Recurring financial income | 75 | €19,910 | €1,939 | -€17,971 | -90.3% |
| Non-recurring financial income | 76B | €19,910 | - | -€19,910 | |
| Financial charges | 65/66B | €4,067 | €6,723 | +€2,656 | +65.3% |
| Recurring financial charges | 65 | €4,067 | €6,723 | +€2,656 | +65.3% |
| Profit (loss) for the period before taxes | 9903 | €200,121 | €554,115 | +€353,994 | +177% |
| Transfer from deferred taxes | 780 | €445 | €445 | = | 0.0% |
| Income taxes | 67/77 | €44,400 | €139,168 | +€94,768 | +213% |
| Profit (loss) for the period | 9904 | €156,166 | €415,393 | +€259,227 | +166% |
| Transfer from tax-exempt reserves | 789 | €1,782 | €1,782 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €157,948 | €417,174 | +€259,227 | +164% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.