ELMAJU: 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.
ELMAJU
Largest movements
- Cash -€7,542
down €7,542 (-4.2%), from €181,570 to €174,029
mainly Contributions, distributions and other (-€79,720) and Other debts (-€7,085)
- Receivables within one year +€4,238
up €4,238 (+26.8%), from €15,830 to €20,068
of which Other amounts receivable: +€3,775
- Other debts -€7,085
down €7,085 (-7.8%), from €90,623 to €83,539
- Accrued charges and deferred income +€2,591
new in 2025: €2,591
- Financial charges +€2,312
up €2,312 (+251%), from €920 to €3,232
- Gross operating margin -€2,289
down €2,289 (-2.1%), from €107,339 to €105,050
- Taxes -€1,853
down €1,853 (-8.0%), from €23,124 to €21,271
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 | €200,274 | €195,485 | -€4,789 | -2.4% |
| Fixed assets | 21/28 | €100 | €100 | = | 0.0% |
| Financial fixed assets | 28 | €100 | €100 | = | 0.0% |
| Current assets | 29/58 | €200,174 | €195,385 | -€4,789 | -2.4% |
| Amounts receivable within one year | 40/41 | €15,830 | €20,068 | +€4,238 | +26.8% |
| Trade receivables | 40 | €15,742 | €16,205 | +€463 | +2.9% |
| Other amounts receivable | 41 | €88 | €3,863 | +€3,775 | +4,287% |
| Cash at bank and in hand | 54/58 | €181,570 | €174,029 | -€7,542 | -4.2% |
| Deferred charges and accrued income | 490/1 | €2,774 | €1,288 | -€1,486 | -53.6% |
| Total equity and liabilities | 10/49 | €200,274 | €195,485 | -€4,789 | -2.4% |
| Equity | 10/15 | €102,548 | €102,548 | = | 0.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €99,548 | €99,548 | = | 0.0% |
| Distributable reserves | 133 | €99,548 | €99,548 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €97,726 | €92,937 | -€4,789 | -4.9% |
| Amounts payable within one year | 42/48 | €97,726 | €90,346 | -€7,380 | -7.6% |
| Trade debts | 44 | €1,102 | €381 | -€721 | -65.4% |
| Suppliers | 440/4 | €1,102 | €381 | -€721 | -65.4% |
| Taxes, remuneration and social security | 45 | €6,000 | €6,426 | +€426 | +7.1% |
| Taxes | 450/3 | €6,000 | €6,426 | +€426 | +7.1% |
| Other amounts payable | 47/48 | €90,623 | €83,539 | -€7,085 | -7.8% |
| Accrued charges and deferred income | 492/3 | - | €2,591 | +€2,591 | |
| Other operating charges | 640/8 | €676 | €827 | +€151 | +22.3% |
| Gross operating margin | 9900 | €107,339 | €105,050 | -€2,289 | -2.1% |
| Operating profit (loss) | 9901 | €106,662 | €104,223 | -€2,440 | -2.3% |
| Financial charges | 65/66B | €920 | €3,232 | +€2,312 | +251% |
| Recurring financial charges | 65 | €920 | €3,232 | +€2,312 | +251% |
| Profit (loss) for the period before taxes | 9903 | €105,742 | €100,991 | -€4,751 | -4.5% |
| Income taxes | 67/77 | €23,124 | €21,271 | -€1,853 | -8.0% |
| Profit (loss) for the period | 9904 | €82,618 | €79,720 | -€2,899 | -3.5% |
| Profit (loss) for the period to be appropriated | 9905 | €82,618 | €79,720 | -€2,899 | -3.5% |
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 25 October 2026 via checked.be.