ELMIKI: 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.
ELMIKI
Largest movements
- Intangible fixed assets -€48,453
down €48,453 (-50.0%), from €96,906 to €48,453
- Cash +€39,371
up €39,371 (+36.3%), from €108,502 to €147,873
mainly Other debts (+€83,002) and Depreciation (+€60,914)
- Receivables within one year -€37,130
down €37,130 (-60.0%), from €61,839 to €24,709
of which Other amounts receivable: -€36,018
- Tangible fixed assets +€21,740
up €21,740 (+53.3%), from €40,813 to €62,553
of which Plant, machinery and equipment: +€13,849
- Stocks and contracts -€16,407
down €16,407 (-54.7%), from €29,985 to €13,578
- Reserves -€128,777
down €128,777 (-47.7%), from €269,823 to €141,046
- Other debts +€83,002
up €83,002 (+341%), from €24,331 to €107,333
- Short-term financial debts -€11,830
down €11,830 (-100%), from €11,830 to €0
- Trade debts +€10,337
up €10,337 (+42.3%), from €24,453 to €34,790
- Gross operating margin +€20,830
up €20,830 (+7.9%), from €262,105 to €282,935
- Staff costs -€16,266
down €16,266 (-7.5%), from €216,379 to €200,113
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 | €347,573 | €297,167 | -€50,406 | -14.5% |
| Fixed assets | 21/28 | €137,719 | €111,006 | -€26,713 | -19.4% |
| Intangible fixed assets | 21 | €96,906 | €48,453 | -€48,453 | -50.0% |
| Tangible fixed assets | 22/27 | €40,813 | €62,553 | +€21,740 | +53.3% |
| Land and buildings | 22 | €23,491 | €33,835 | +€10,344 | +44.0% |
| Plant, machinery and equipment | 23 | €11,585 | €25,434 | +€13,849 | +120% |
| Furniture and vehicles | 24 | €293 | €189 | -€103 | -35.3% |
| Leasing and similar rights | 25 | €5,444 | €3,095 | -€2,349 | -43.1% |
| Current assets | 29/58 | €209,854 | €186,161 | -€23,693 | -11.3% |
| Stocks and contracts in progress | 3 | €29,985 | €13,578 | -€16,407 | -54.7% |
| Stocks | 30/36 | €29,985 | €13,578 | -€16,407 | -54.7% |
| Amounts receivable within one year | 40/41 | €61,839 | €24,709 | -€37,130 | -60.0% |
| Trade receivables | 40 | €1,434 | €321 | -€1,113 | -77.6% |
| Other amounts receivable | 41 | €60,405 | €24,388 | -€36,018 | -59.6% |
| Cash at bank and in hand | 54/58 | €108,502 | €147,873 | +€39,371 | +36.3% |
| Deferred charges and accrued income | 490/1 | €9,528 | €0 | -€9,528 | -100% |
| Total equity and liabilities | 10/49 | €347,573 | €297,167 | -€50,406 | -14.5% |
| Equity | 10/15 | €268,978 | €140,201 | -€128,777 | -47.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €269,823 | €141,046 | -€128,777 | -47.7% |
| Distributable reserves | 133 | €269,823 | €141,046 | -€128,777 | -47.7% |
| Profit (loss) carried forward | 14 | -€19,445 | -€19,445 | = | 0.0% |
| Amounts payable | 17/49 | €78,595 | €156,966 | +€78,371 | +99.7% |
| Amounts payable after more than one year | 17 | €3,016 | €331 | -€2,686 | -89.0% |
| Financial debts | 170/4 | €3,016 | €331 | -€2,686 | -89.0% |
| Amounts payable within one year | 42/48 | €75,579 | €156,635 | +€81,057 | +107% |
| Current portion of amounts payable after more than one year | 42 | €2,612 | €2,686 | +€74 | +2.8% |
| Financial debts | 43 | €11,830 | €0 | -€11,830 | -100% |
| Credit institutions | 430/8 | €11,830 | €0 | -€11,830 | -100% |
| Trade debts | 44 | €24,453 | €34,790 | +€10,337 | +42.3% |
| Suppliers | 440/4 | €24,453 | €34,790 | +€10,337 | +42.3% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €12,353 | €11,827 | -€526 | -4.3% |
| Taxes | 450/3 | €2,057 | €0 | -€2,057 | -100% |
| Remuneration and social security | 454/9 | €10,296 | €11,827 | +€1,530 | +14.9% |
| Other amounts payable | 47/48 | €24,331 | €107,333 | +€83,002 | +341% |
| Remuneration, social security and pensions | 62 | €216,379 | €200,113 | -€16,266 | -7.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €60,462 | €60,914 | +€452 | +0.7% |
| Other operating charges | 640/8 | €1,723 | €1,871 | +€148 | +8.6% |
| Gross operating margin | 9900 | €262,105 | €282,935 | +€20,830 | +7.9% |
| Operating profit (loss) | 9901 | -€16,458 | €20,038 | +€36,496 | |
| Financial income | 75/76B | €153 | €287 | +€133 | +87.0% |
| Recurring financial income | 75 | €153 | €287 | +€133 | +87.0% |
| Financial charges | 65/66B | €3,140 | €1,832 | -€1,308 | -41.7% |
| Recurring financial charges | 65 | €3,140 | €1,832 | -€1,308 | -41.7% |
| Profit (loss) for the period before taxes | 9903 | -€19,445 | €18,493 | +€37,937 | |
| Income taxes | 67/77 | €0 | €1,978 | +€1,978 | |
| Profit (loss) for the period | 9904 | -€19,445 | €16,515 | +€35,960 | |
| Profit (loss) for the period to be appropriated | 9905 | -€19,445 | €16,515 | +€35,960 |
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 27 October 2026 via checked.be.