ELmjoA: 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.
ELmjoA
Largest movements
- Receivables within one year +€44,668
up €44,668 (+21.1%), from €212,016 to €256,684
- Intangible fixed assets -€17,148
down €17,148 (-39.6%), from €43,327 to €26,179
- Tangible fixed assets -€6,968
down €6,968 (-2.9%), from €242,637 to €235,669
of which Land and buildings: -€6,439
- Reserves +€42,000
up €42,000 (+33.6%), from €125,000 to €167,000
- Debts after one year -€11,740
down €11,740 (-5.2%), from €224,268 to €212,528
- Trade debts -€8,736
down €8,736 (-77.5%), from €11,269 to €2,533
- Gross operating margin +€75,734
up €75,734 (+48.6%), from €155,709 to €231,443
- Taxes +€35,689
up €35,689 (+131.3%), from €27,180 to €62,869
- Staff costs -€8,704
no longer reported in 2025 (was €8,704)
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 | €503,590 | €522,551 | +€18,960 | +3.8% |
| Fixed assets | 21/28 | €285,964 | €261,848 | -€24,116 | -8.4% |
| Intangible fixed assets | 21 | €43,327 | €26,179 | -€17,148 | -39.6% |
| Tangible fixed assets | 22/27 | €242,637 | €235,669 | -€6,968 | -2.9% |
| Land and buildings | 22 | €241,339 | €234,900 | -€6,439 | -2.7% |
| Furniture and vehicles | 24 | €1,298 | €769 | -€530 | -40.8% |
| Current assets | 29/58 | €217,626 | €260,703 | +€43,076 | +19.8% |
| Amounts receivable within one year | 40/41 | €212,016 | €256,684 | +€44,668 | +21.1% |
| Other amounts receivable | 41 | €212,016 | €256,684 | +€44,668 | +21.1% |
| Cash at bank and in hand | 54/58 | €5,549 | €4,019 | -€1,531 | -27.6% |
| Deferred charges and accrued income | 490/1 | €61 | - | -€61 | |
| Total equity and liabilities | 10/49 | €503,590 | €522,551 | +€18,960 | +3.8% |
| Equity | 10/15 | €187,695 | €230,157 | +€42,463 | +22.6% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €125,000 | €167,000 | +€42,000 | +33.6% |
| Distributable reserves | 133 | €125,000 | €167,000 | +€42,000 | +33.6% |
| Profit (loss) carried forward | 14 | €52,695 | €53,157 | +€463 | +0.9% |
| Amounts payable | 17/49 | €315,896 | €292,394 | -€23,502 | -7.4% |
| Amounts payable after more than one year | 17 | €224,268 | €212,528 | -€11,740 | -5.2% |
| Financial debts | 170/4 | €224,268 | €212,528 | -€11,740 | -5.2% |
| Amounts payable within one year | 42/48 | €90,988 | €79,466 | -€11,522 | -12.7% |
| Current portion of amounts payable after more than one year | 42 | €25,025 | €23,437 | -€1,588 | -6.3% |
| Trade debts | 44 | €11,269 | €2,533 | -€8,736 | -77.5% |
| Suppliers | 440/4 | €11,269 | €2,533 | -€8,736 | -77.5% |
| Taxes, remuneration and social security | 45 | €49,694 | €53,496 | +€3,802 | +7.7% |
| Taxes | 450/3 | €49,694 | €53,496 | +€3,802 | +7.7% |
| Other amounts payable | 47/48 | €5,000 | - | -€5,000 | |
| Accrued charges and deferred income | 492/3 | €640 | €400 | -€240 | -37.5% |
| Remuneration, social security and pensions | 62 | €8,704 | - | -€8,704 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,116 | €24,116 | = | 0.0% |
| Other operating charges | 640/8 | €2,849 | €2,973 | +€124 | +4.4% |
| Gross operating margin | 9900 | €155,709 | €231,443 | +€75,734 | +48.6% |
| Operating profit (loss) | 9901 | €120,040 | €204,353 | +€84,314 | +70.2% |
| Financial income | 75/76B | €11,932 | €12,618 | +€686 | +5.8% |
| Recurring financial income | 75 | €11,932 | €12,618 | +€686 | +5.8% |
| Financial charges | 65/66B | €11,374 | €11,640 | +€266 | +2.3% |
| Recurring financial charges | 65 | €11,374 | €11,640 | +€266 | +2.3% |
| Profit (loss) for the period before taxes | 9903 | €120,598 | €205,332 | +€84,734 | +70.3% |
| Income taxes | 67/77 | €27,180 | €62,869 | +€35,689 | +131.3% |
| Profit (loss) for the period | 9904 | €93,418 | €142,463 | +€49,044 | +52.5% |
| Profit (loss) for the period to be appropriated | 9905 | €93,418 | €142,463 | +€49,044 | +52.5% |
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 9 October 2026 via checked.be.