ELMI: what changed
ELMI
Largest movements
- Cash -€16,932
down €16,932 (-22.4%), from €75,495 to €58,562
mainly Other debts (-€47,481) and Contributions, distributions and other (-€33,613)
- Receivables within one year -€14,724
down €14,724 (-70.7%), from €20,823 to €6,099
- Current investments -€7,000
down €7,000 (-100%), from €7,000 to €0
- Receivables after one year -€6,078
down €6,078 (-100%), from €6,078 to €0
- Deferred charges and accrued income +€1,178
up €1,178 (+1,176%), from €100 to €1,278
- Other debts -€47,481
down €47,481 (-47.1%), from €100,730 to €53,249
- Tax, wage and social debts +€2,355
up €2,355 (+80.9%), from €2,912 to €5,267
- Gross operating margin -€4,521
down €4,521 (-8.5%), from €53,438 to €48,916
- Taxes -€1,222
down €1,222 (-9.0%), from €13,619 to €12,397
- Financial charges +€899
up €899 (+190%), from €474 to €1,373
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €110,490 | €65,950 | -€44,540 | -40.3% |
| Fixed assets | 21/28 | €994 | €11 | -€983 | -98.9% |
| Tangible fixed assets | 22/27 | €994 | €11 | -€983 | -98.9% |
| Furniture and vehicles | 24 | €994 | €11 | -€983 | -98.9% |
| Current assets | 29/58 | €109,496 | €65,940 | -€43,557 | -39.8% |
| Amounts receivable after more than one year | 29 | €6,078 | €0 | -€6,078 | -100% |
| Other amounts receivable | 291 | €6,078 | €0 | -€6,078 | -100% |
| Amounts receivable within one year | 40/41 | €20,823 | €6,099 | -€14,724 | -70.7% |
| Other amounts receivable | 41 | €20,823 | €6,099 | -€14,724 | -70.7% |
| Current investments | 50/53 | €7,000 | €0 | -€7,000 | -100% |
| Cash at bank and in hand | 54/58 | €75,495 | €58,562 | -€16,932 | -22.4% |
| Deferred charges and accrued income | 490/1 | €100 | €1,278 | +€1,178 | +1,176% |
| Total equity and liabilities | 10/49 | €110,490 | €65,950 | -€44,540 | -40.3% |
| Equity | 10/15 | €1,000 | €1,000 | = | 0.0% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €109,490 | €64,950 | -€44,540 | -40.7% |
| Amounts payable within one year | 42/48 | €108,990 | €64,450 | -€44,540 | -40.9% |
| Financial debts | 43 | €3,381 | €3,365 | -€16 | -0.5% |
| Credit institutions | 430/8 | €3,381 | €3,365 | -€16 | -0.5% |
| Trade debts | 44 | €1,968 | €2,570 | +€602 | +30.6% |
| Suppliers | 440/4 | €1,968 | €2,570 | +€602 | +30.6% |
| Taxes, remuneration and social security | 45 | €2,912 | €5,267 | +€2,355 | +80.9% |
| Taxes | 450/3 | €2,912 | €5,267 | +€2,355 | +80.9% |
| Other amounts payable | 47/48 | €100,730 | €53,249 | -€47,481 | -47.1% |
| Accrued charges and deferred income | 492/3 | €500 | €500 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €983 | €983 | -€0 | 0.0% |
| Other operating charges | 640/8 | €731 | €949 | +€218 | +29.8% |
| Gross operating margin | 9900 | €53,438 | €48,916 | -€4,521 | -8.5% |
| Operating profit (loss) | 9901 | €51,723 | €46,984 | -€4,739 | -9.2% |
| Financial income | 75/76B | €812 | €400 | -€412 | -50.7% |
| Recurring financial income | 75 | €812 | €400 | -€412 | -50.7% |
| Financial charges | 65/66B | €474 | €1,373 | +€899 | +190% |
| Recurring financial charges | 65 | €474 | €1,373 | +€899 | +190% |
| Profit (loss) for the period before taxes | 9903 | €52,060 | €46,010 | -€6,050 | -11.6% |
| Income taxes | 67/77 | €13,619 | €12,397 | -€1,222 | -9.0% |
| Profit (loss) for the period | 9904 | €38,441 | €33,613 | -€4,828 | -12.6% |
| Profit (loss) for the period to be appropriated | 9905 | €38,441 | €33,613 | -€4,828 | -12.6% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.