Elmo Management: 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.
Elmo Management
Largest movements
- Cash +€5,922
up €5,922 (+253%), from €2,338 to €8,260
mainly Net result for the year (+€12,611) and Depreciation (+€4,241)
- Receivables within one year -€3,596
down €3,596 (-30.1%), from €11,929 to €8,333
of which Trade receivables: -€7,186
- Tangible fixed assets -€3,040
down €3,040 (-43.7%), from €6,951 to €3,912
- Profit (loss) carried forward +€12,611
up €12,611, from -€2,102 to €10,509
- Debts after one year -€9,221
down €9,221 (-57.1%), from €16,163 to €6,942
of which Other amounts payable: -€7,294
- Tax, wage and social debts -€7,220
down €7,220 (-52.8%), from €13,673 to €6,453
of which Taxes: -€6,851
- Trade debts +€2,233
up €2,233 (+108%), from €2,060 to €4,293
- Other debts +€1,000
new in 2025: €1,000
- Other operating charges -€25,143
down €25,143 (-95.2%), from €26,409 to €1,266
- Financial income +€6,750
new in 2025: €6,750
- Gross operating margin +€2,460
up €2,460 (+24.3%), from €10,135 to €12,595
- Depreciation -€2,077
down €2,077 (-32.9%), from €6,318 to €4,241
- Taxes -€417
down €417 (-65.5%), from €636 to €219
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 | €36,838 | €36,124 | -€714 | -1.9% |
| Fixed assets | 21/28 | €22,451 | €19,412 | -€3,040 | -13.5% |
| Tangible fixed assets | 22/27 | €6,951 | €3,912 | -€3,040 | -43.7% |
| Furniture and vehicles | 24 | €6,951 | €3,912 | -€3,040 | -43.7% |
| Financial fixed assets | 28 | €15,500 | €15,500 | = | 0.0% |
| Current assets | 29/58 | €14,387 | €16,712 | +€2,325 | +16.2% |
| Amounts receivable within one year | 40/41 | €11,929 | €8,333 | -€3,596 | -30.1% |
| Trade receivables | 40 | €8,764 | €1,578 | -€7,186 | -82.0% |
| Other amounts receivable | 41 | €3,165 | €6,755 | +€3,590 | +113% |
| Cash at bank and in hand | 54/58 | €2,338 | €8,260 | +€5,922 | +253% |
| Deferred charges and accrued income | 490/1 | €120 | €120 | = | 0.0% |
| Total equity and liabilities | 10/49 | €36,838 | €36,124 | -€714 | -1.9% |
| Equity | 10/15 | €2,898 | €15,509 | +€12,611 | +435% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,102 | €10,509 | +€12,611 | |
| Amounts payable | 17/49 | €33,941 | €20,615 | -€13,326 | -39.3% |
| Amounts payable after more than one year | 17 | €16,163 | €6,942 | -€9,221 | -57.1% |
| Financial debts | 170/4 | €2,509 | €582 | -€1,927 | -76.8% |
| Other amounts payable | 178/9 | €13,654 | €6,360 | -€7,294 | -53.4% |
| Amounts payable within one year | 42/48 | €17,778 | €13,673 | -€4,105 | -23.1% |
| Current portion of amounts payable after more than one year | 42 | €2,044 | €1,927 | -€118 | -5.7% |
| Trade debts | 44 | €2,060 | €4,293 | +€2,233 | +108% |
| Suppliers | 440/4 | €2,060 | €4,293 | +€2,233 | +108% |
| Taxes, remuneration and social security | 45 | €13,673 | €6,453 | -€7,220 | -52.8% |
| Taxes | 450/3 | €10,679 | €3,828 | -€6,851 | -64.2% |
| Remuneration and social security | 454/9 | €2,994 | €2,625 | -€369 | -12.3% |
| Other amounts payable | 47/48 | - | €1,000 | +€1,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,318 | €4,241 | -€2,077 | -32.9% |
| Other operating charges | 640/8 | €26,409 | €1,266 | -€25,143 | -95.2% |
| Gross operating margin | 9900 | €10,135 | €12,595 | +€2,460 | +24.3% |
| Operating profit (loss) | 9901 | -€22,592 | €7,088 | +€29,680 | |
| Financial income | 75/76B | - | €6,750 | +€6,750 | |
| Recurring financial income | 75 | - | €6,750 | +€6,750 | |
| Financial charges | 65/66B | €1,085 | €1,007 | -€78 | -7.1% |
| Recurring financial charges | 65 | €1,085 | €1,007 | -€78 | -7.1% |
| Profit (loss) for the period before taxes | 9903 | -€23,677 | €12,831 | +€36,507 | |
| Income taxes | 67/77 | €636 | €219 | -€417 | -65.5% |
| Profit (loss) for the period | 9904 | -€24,313 | €12,611 | +€36,924 | |
| Profit (loss) for the period to be appropriated | 9905 | -€24,313 | €12,611 | +€36,924 |
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 15 October 2026 via checked.be.