ELMIBO: what changed
Two fiscal 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.
ELMIBO
Largest movements
- Receivables within one year +€47,120
up €47,120 (+132.9%), from €35,468 to €82,588
of which Trade receivables: +€36,310
- Cash -€16,165
down €16,165 (-98.9%), from €16,346 to €182
mainly Receivables within one year (-€47,120) and Other debts (-€4,865)
- Tangible fixed assets -€14,524
down €14,524 (-9.3%), from €156,485 to €141,961
of which Land and buildings: -€13,263
- Reserves +€13,290
up €13,290 (+31.6%), from €42,082 to €55,372
of which Distributable reserves: +€13,290
- Tax, wage and social debts +€5,662
up €5,662 (+55.8%), from €10,149 to €15,811
- Other debts -€4,865
down €4,865 (-100.0%), from €4,865 to €0
- Trade debts +€2,354
up €2,354 (+137.2%), from €1,715 to €4,069
- Gross operating margin -€20,808
down €20,808 (-35.4%), from €58,772 to €37,963
- Depreciation -€12,000
down €12,000 (-45.2%), from €26,523 to €14,524
- Taxes -€2,501
down €2,501 (-34.1%), from €7,336 to €4,835
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.
Cash bridge derived
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 | €208,812 | €225,253 | +€16,441 | +7.9% |
| Fixed assets | 21/28 | €156,494 | €141,961 | -€14,533 | -9.3% |
| Tangible fixed assets | 22/27 | €156,485 | €141,961 | -€14,524 | -9.3% |
| Land and buildings | 22 | €153,963 | €140,701 | -€13,263 | -8.6% |
| Plant, machinery and equipment | 23 | €2,521 | €1,261 | -€1,261 | -50.0% |
| Financial fixed assets | 28 | €9 | €0 | -€9 | -100.0% |
| Current assets | 29/58 | €52,318 | €83,292 | +€30,974 | +59.2% |
| Amounts receivable within one year | 40/41 | €35,468 | €82,588 | +€47,120 | +132.9% |
| Trade receivables | 40 | - | €36,310 | +€36,310 | |
| Other amounts receivable | 41 | €35,468 | €46,278 | +€10,811 | +30.5% |
| Cash at bank and in hand | 54/58 | €16,346 | €182 | -€16,165 | -98.9% |
| Deferred charges and accrued income | 490/1 | €504 | €522 | +€18 | +3.6% |
| Total equity and liabilities | 10/49 | €208,812 | €225,253 | +€16,441 | +7.9% |
| Equity | 10/15 | €192,082 | €205,372 | +€13,290 | +6.9% |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Reserves | 13 | €42,082 | €55,372 | +€13,290 | +31.6% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €4,229 | €4,229 | = | 0.0% |
| Distributable reserves | 133 | €37,853 | €51,144 | +€13,290 | +35.1% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €16,730 | €19,881 | +€3,150 | +18.8% |
| Amounts payable within one year | 42/48 | €16,730 | €19,881 | +€3,150 | +18.8% |
| Trade debts | 44 | €1,715 | €4,069 | +€2,354 | +137.2% |
| Suppliers | 440/4 | €1,715 | €4,069 | +€2,354 | +137.2% |
| Taxes, remuneration and social security | 45 | €10,149 | €15,811 | +€5,662 | +55.8% |
| Taxes | 450/3 | €10,149 | €15,811 | +€5,662 | +55.8% |
| Other amounts payable | 47/48 | €4,865 | €0 | -€4,865 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,523 | €14,524 | -€12,000 | -45.2% |
| Other operating charges | 640/8 | €4,898 | €4,873 | -€26 | -0.5% |
| Gross operating margin | 9900 | €58,772 | €37,963 | -€20,808 | -35.4% |
| Operating profit (loss) | 9901 | €27,350 | €18,567 | -€8,783 | -32.1% |
| Financial income | 75/76B | €0 | €9 | +€9 | |
| Recurring financial income | 75 | €0 | €9 | +€9 | |
| Non-recurring financial income | 76B | - | €9 | +€9 | |
| Financial charges | 65/66B | €431 | €452 | +€21 | +4.9% |
| Recurring financial charges | 65 | €431 | €452 | +€21 | +4.9% |
| Profit (loss) for the period before taxes | 9903 | €26,919 | €18,125 | -€8,794 | -32.7% |
| Income taxes | 67/77 | €7,336 | €4,835 | -€2,501 | -34.1% |
| Profit (loss) for the period | 9904 | €19,584 | €13,290 | -€6,293 | -32.1% |
| Profit (loss) for the period to be appropriated | 9905 | €19,584 | €13,290 | -€6,293 | -32.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.