Elmo: 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.
Elmo
Largest movements
- Receivables within one year +€18,930
up €18,930 (+255.8%), from €7,399 to €26,329
of which Trade receivables: +€17,610
- Tangible fixed assets -€6,562
down €6,562 (-16.7%), from €39,383 to €32,821
of which Plant, machinery and equipment: -€8,409
- Cash -€5,616
down €5,616 (-13.4%), from €42,040 to €36,424
mainly Contributions, distributions and other (-€73,962) and Receivables within one year (-€18,930)
- Profit (loss) carried forward -€55,444
down €55,444 (-75.0%), from €73,962 to €18,519
- Other debts +€52,701
up €52,701 (+500.4%), from €10,532 to €63,233
- Tax, wage and social debts +€9,329
up €9,329 (+615.3%), from €1,516 to €10,845
of which Taxes: +€9,329
- Gross operating margin -€5,657
down €5,657 (-13.1%), from €43,290 to €37,634
- Depreciation +€3,471
up €3,471 (+47.6%), from €7,291 to €10,762
- Taxes -€1,278
down €1,278 (-21.1%), from €6,066 to €4,788
- Financial charges -€1,162
down €1,162 (-28.1%), from €4,142 to €2,980
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 | €89,377 | €95,660 | +€6,284 | +7.0% |
| Fixed assets | 21/28 | €39,383 | €32,821 | -€6,562 | -16.7% |
| Tangible fixed assets | 22/27 | €39,383 | €32,821 | -€6,562 | -16.7% |
| Plant, machinery and equipment | 23 | €39,383 | €30,974 | -€8,409 | -21.4% |
| Furniture and vehicles | 24 | - | €1,847 | +€1,847 | |
| Current assets | 29/58 | €49,994 | €62,840 | +€12,846 | +25.7% |
| Amounts receivable within one year | 40/41 | €7,399 | €26,329 | +€18,930 | +255.8% |
| Trade receivables | 40 | €5,423 | €23,033 | +€17,610 | +324.7% |
| Other amounts receivable | 41 | €1,976 | €3,296 | +€1,320 | +66.8% |
| Cash at bank and in hand | 54/58 | €42,040 | €36,424 | -€5,616 | -13.4% |
| Deferred charges and accrued income | 490/1 | €554 | €86 | -€468 | -84.4% |
| Total equity and liabilities | 10/49 | €89,377 | €95,660 | +€6,284 | +7.0% |
| Equity | 10/15 | €75,962 | €20,519 | -€55,444 | -73.0% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €73,962 | €18,519 | -€55,444 | -75.0% |
| Amounts payable | 17/49 | €13,414 | €75,142 | +€61,728 | +460.2% |
| Amounts payable within one year | 42/48 | €13,414 | €75,142 | +€61,728 | +460.2% |
| Trade debts | 44 | €1,366 | €1,063 | -€303 | -22.2% |
| Suppliers | 440/4 | €1,366 | €1,063 | -€303 | -22.2% |
| Taxes, remuneration and social security | 45 | €1,516 | €10,845 | +€9,329 | +615.3% |
| Taxes | 450/3 | €1,516 | €10,845 | +€9,329 | +615.3% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €10,532 | €63,233 | +€52,701 | +500.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,291 | €10,762 | +€3,471 | +47.6% |
| Other operating charges | 640/8 | €185 | €585 | +€400 | +216.2% |
| Gross operating margin | 9900 | €43,290 | €37,634 | -€5,657 | -13.1% |
| Operating profit (loss) | 9901 | €35,814 | €26,286 | -€9,528 | -26.6% |
| Financial income | 75/76B | €10 | €0 | -€10 | -100.0% |
| Recurring financial income | 75 | €10 | €0 | -€10 | -100.0% |
| Financial charges | 65/66B | €4,142 | €2,980 | -€1,162 | -28.1% |
| Recurring financial charges | 65 | €4,142 | €2,980 | -€1,162 | -28.1% |
| Profit (loss) for the period before taxes | 9903 | €31,683 | €23,307 | -€8,376 | -26.4% |
| Income taxes | 67/77 | €6,066 | €4,788 | -€1,278 | -21.1% |
| Profit (loss) for the period | 9904 | €25,617 | €18,519 | -€7,098 | -27.7% |
| Profit (loss) for the period to be appropriated | 9905 | €25,617 | €18,519 | -€7,098 | -27.7% |
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 8 October 2026 via checked.be.