ELMIJU: 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.
ELMIJU
Largest movements
- Financial fixed assets +€2.0m
up €2.0m (+2212.1%), from €89,148 to €2.1m
- Cash +€117,328
up €117,328 (+326.8%), from €35,905 to €153,233
mainly Net result for the year (+€1.0m) and Other debts (+€970,444)
- Current investments -€50,000
no longer reported in 2025 (was €50,000)
- Other debts +€970,444
up €970,444 (+271384.4%), from €358 to €970,801
- Profit (loss) carried forward +€775,092
up €775,092 (+1078.4%), from €71,872 to €846,963
- Reserves +€267,203
up €267,203 (+105.0%), from €254,466 to €521,669
- Tax, wage and social debts +€28,237
up €28,237 (+202.3%), from €13,958 to €42,195
- Trade debts +€26,184
up €26,184 (+247.1%), from €10,595 to €36,779
- Financial income +€1.0m
up €1.0m (+261413.7%), from €384 to €1.0m
of which Non-recurring financial income: +€1.0m
- Financial charges +€29,626
up €29,626 (+569.5%), from €5,202 to €34,828
- Gross operating margin +€29,304
up €29,304 (+29.1%), from €100,598 to €129,902
- Taxes +€24,714
up €24,714 (+101.6%), from €24,332 to €49,046
- Depreciation -€3,113
down €3,113 (-32.2%), from €9,661 to €6,548
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 | €448,236 | €2,502,108 | +€2.1m | +458.2% |
| Fixed assets | 21/28 | €282,683 | €2,270,960 | +€2.0m | +703.4% |
| Tangible fixed assets | 22/27 | €193,535 | €209,740 | +€16,205 | +8.4% |
| Land and buildings | 22 | €186,542 | €180,401 | -€6,141 | -3.3% |
| Plant, machinery and equipment | 23 | €751 | €360 | -€391 | -52.1% |
| Furniture and vehicles | 24 | €6,242 | €28,979 | +€22,737 | +364.3% |
| Financial fixed assets | 28 | €89,148 | €2,061,220 | +€2.0m | +2212.1% |
| Current assets | 29/58 | €165,554 | €231,148 | +€65,595 | +39.6% |
| Amounts receivable within one year | 40/41 | €77,617 | €77,391 | -€226 | -0.3% |
| Trade receivables | 40 | €77,617 | €63,297 | -€14,320 | -18.4% |
| Other amounts receivable | 41 | - | €14,093 | +€14,093 | |
| Current investments | 50/53 | €50,000 | - | -€50,000 | |
| Cash at bank and in hand | 54/58 | €35,905 | €153,233 | +€117,328 | +326.8% |
| Deferred charges and accrued income | 490/1 | €2,031 | €524 | -€1,507 | -74.2% |
| Total equity and liabilities | 10/49 | €448,236 | €2,502,108 | +€2.1m | +458.2% |
| Equity | 10/15 | €337,498 | €1,379,792 | +€1.0m | +308.8% |
| Contributions | 10/11 | €11,160 | €11,160 | = | 0.0% |
| Reserves | 13 | €254,466 | €521,669 | +€267,203 | +105.0% |
| Distributable reserves | 133 | €254,466 | €521,669 | +€267,203 | +105.0% |
| Profit (loss) carried forward | 14 | €71,872 | €846,963 | +€775,092 | +1078.4% |
| Amounts payable | 17/49 | €110,739 | €1,122,316 | +€1.0m | +913.5% |
| Amounts payable after more than one year | 17 | €72,542 | €58,886 | -€13,656 | -18.8% |
| Financial debts | 170/4 | €72,178 | €58,523 | -€13,656 | -18.9% |
| Other amounts payable | 178/9 | €364 | €364 | = | 0.0% |
| Amounts payable within one year | 42/48 | €38,197 | €1,063,430 | +€1.0m | +2684.1% |
| Current portion of amounts payable after more than one year | 42 | €13,287 | €13,656 | +€369 | +2.8% |
| Trade debts | 44 | €10,595 | €36,779 | +€26,184 | +247.1% |
| Suppliers | 440/4 | €10,595 | €36,779 | +€26,184 | +247.1% |
| Taxes, remuneration and social security | 45 | €13,958 | €42,195 | +€28,237 | +202.3% |
| Taxes | 450/3 | €13,958 | €42,195 | +€28,237 | +202.3% |
| Other amounts payable | 47/48 | €358 | €970,801 | +€970,444 | +271384.4% |
| Non-recurring operating income | 76A | €7,240 | €1,450 | -€5,789 | -80.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,661 | €6,548 | -€3,113 | -32.2% |
| Other operating charges | 640/8 | €1,537 | €2,156 | +€619 | +40.3% |
| Gross operating margin | 9900 | €100,598 | €129,902 | +€29,304 | +29.1% |
| Operating profit (loss) | 9901 | €89,399 | €121,197 | +€31,798 | +35.6% |
| Financial income | 75/76B | €384 | €1,004,971 | +€1.0m | +261413.7% |
| Recurring financial income | 75 | €384 | €843 | +€459 | +119.5% |
| Non-recurring financial income | 76B | - | €1,004,127 | +€1.0m | |
| Financial charges | 65/66B | €5,202 | €34,828 | +€29,626 | +569.5% |
| Recurring financial charges | 65 | €5,202 | €34,828 | +€29,626 | +569.5% |
| Profit (loss) for the period before taxes | 9903 | €84,581 | €1,091,340 | +€1.0m | +1190.3% |
| Income taxes | 67/77 | €24,332 | €49,046 | +€24,714 | +101.6% |
| Profit (loss) for the period | 9904 | €60,250 | €1,042,294 | +€982,045 | +1630.0% |
| Profit (loss) for the period to be appropriated | 9905 | €60,250 | €1,042,294 | +€982,045 | +1630.0% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.