ELMOS: 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.
What changed
ELMOS
NACE 62.100, Computer programming
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€956,211
2024 · €1.3m-€364,526
Equity
€1.1m
2024 · €973,837+€156,211
Cash
€446,149
2024 · €1.5m-€1.1m
Balance sheet total
€8.7m
2024 · €9.4m-€661,786
Largest movements
Assets
- Cash -€1.1m
down €1.1m (-70.7%), from €1.5m to €446,149
mainly Contributions, distributions and other (-€800,000) and Other debts (-€500,000)
- Receivables within one year +€398,018
up €398,018 (+5.9%), from €6.8m to €7.2m
of which Trade receivables: +€347,480
Equity and liabilities
- Other debts -€500,000
down €500,000 (-38.5%), from €1.3m to €800,000
- Reserves +€150,000
up €150,000 (+16.7%), from €899,200 to €1.0m
of which Distributable reserves: +€150,000
- Short-term financial debts -€145,866
down €145,866 (-13.2%), from €1.1m to €956,983
- Tax, wage and social debts -€103,500
down €103,500 (-9.4%), from €1.1m to €992,094
of which Remuneration and social security: -€119,095
Income statement
- Turnover -€981,595
down €981,595 (-2.4%), from €41.2m to €40.2m
- Staff costs -€658,095
down €658,095 (-8.1%), from €8.1m to €7.5m
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.
Result 2024
€1.3m
Turnover
-€981,595
Other operating income
-€20,935
Goods and materials
+€258,355
Services and other goods
-€314,189
Staff costs
+€658,095
Depreciation
+€1,582
Other operating charges
+€3,972
Other operating items
-€176,780
Financial income
+€9,812
Financial charges
+€15,813
Taxes
+€181,343
Result 2025
€956,211
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.
From operations
+€144,655
Investment
-€145,116
Financing
-€1.1m
Cash 2024
€1.5m
From operations (derived)
+€144,655
Net result for the year
+€956,211
Depreciation
+€172,765
Receivables within one year
-€398,018
Deferred charges and accrued income
-€44,684
Trade debts
+€65,720
Tax, wage and social debts
-€103,500
Other debts
-€500,000
Accrued charges and deferred income
-€3,840
Investment (derived)
-€145,116
Investment in fixed assets (net)
-€145,116
Financing
-€1.1m
Debts after one year
-€75,120
Current portion of long-term debt
-€55,392
Short-term financial debts
-€145,866
Contributions, distributions and other
-€800,000
Cash 2025
€446,149
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €9,358,869 | €8,697,083 | -€661,786 | -7.1% |
| Fixed assets | 21/28 | €497,076 | €469,427 | -€27,649 | -5.6% |
| Intangible fixed assets | 21 | €2,133 | €25,602 | +€23,469 | +1100.5% |
| Tangible fixed assets | 22/27 | €484,128 | €443,210 | -€40,918 | -8.5% |
| Plant, machinery and equipment | 23 | €117,636 | €80,604 | -€37,033 | -31.5% |
| Furniture and vehicles | 24 | €205,528 | €187,045 | -€18,483 | -9.0% |
| Other tangible fixed assets | 26 | €160,964 | €175,561 | +€14,597 | +9.1% |
| Financial fixed assets | 28 | €10,815 | €615 | -€10,200 | -94.3% |
| Other financial fixed assets | 284/8 | €10,815 | €615 | -€10,200 | -94.3% |
| Amounts receivable and cash guarantees | 285/8 | €10,815 | €615 | -€10,200 | -94.3% |
| Current assets | 29/58 | €8,861,793 | €8,227,656 | -€634,138 | -7.2% |
| Amounts receivable after more than one year | 29 | €510,000 | €510,000 | = | 0.0% |
| Other amounts receivable | 291 | €510,000 | €510,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €6,754,169 | €7,152,187 | +€398,018 | +5.9% |
| Trade receivables | 40 | €5,268,448 | €5,615,928 | +€347,480 | +6.6% |
| Other amounts receivable | 41 | €1,485,721 | €1,536,259 | +€50,538 | +3.4% |
| Cash at bank and in hand | 54/58 | €1,522,988 | €446,149 | -€1.1m | -70.7% |
| Deferred charges and accrued income | 490/1 | €74,636 | €119,320 | +€44,684 | +59.9% |
| Total equity and liabilities | 10/49 | €9,358,869 | €8,697,083 | -€661,786 | -7.1% |
| Equity | 10/15 | €973,837 | €1,130,048 | +€156,211 | +16.0% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €899,200 | €1,049,200 | +€150,000 | +16.7% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €893,000 | €1,043,000 | +€150,000 | +16.8% |
| Profit (loss) carried forward | 14 | €12,637 | €18,848 | +€6,211 | +49.1% |
| Amounts payable | 17/49 | €8,385,032 | €7,567,034 | -€817,998 | -9.8% |
| Amounts payable after more than one year | 17 | €149,713 | €74,593 | -€75,120 | -50.2% |
| Financial debts | 170/4 | €149,713 | €74,593 | -€75,120 | -50.2% |
| Credit institutions | 173 | €149,713 | €74,593 | -€75,120 | -50.2% |
| Amounts payable within one year | 42/48 | €8,231,479 | €7,492,441 | -€739,038 | -9.0% |
| Current portion of amounts payable after more than one year | 42 | €130,512 | €75,120 | -€55,392 | -42.4% |
| Financial debts | 43 | €1,102,849 | €956,983 | -€145,866 | -13.2% |
| Credit institutions | 430/8 | €1,102,849 | €956,983 | -€145,866 | -13.2% |
| Trade debts | 44 | €4,602,524 | €4,668,244 | +€65,720 | +1.4% |
| Suppliers | 440/4 | €4,602,524 | €4,668,244 | +€65,720 | +1.4% |
| Taxes, remuneration and social security | 45 | €1,095,594 | €992,094 | -€103,500 | -9.4% |
| Taxes | 450/3 | €222,501 | €238,096 | +€15,595 | +7.0% |
| Remuneration and social security | 454/9 | €873,093 | €753,998 | -€119,095 | -13.6% |
| Other amounts payable | 47/48 | €1,300,000 | €800,000 | -€500,000 | -38.5% |
| Accrued charges and deferred income | 492/3 | €3,840 | - | -€3,840 | |
| Operating income | 70/76A | €41,737,160 | €40,565,428 | -€1.2m | -2.8% |
| Turnover | 70 | €41,187,229 | €40,205,634 | -€981,595 | -2.4% |
| Other operating income | 74 | €340,423 | €319,488 | -€20,935 | -6.1% |
| Non-recurring operating income | 76A | €209,508 | €40,306 | -€169,202 | -80.8% |
| Operating charges | 60/66A | €39,671,896 | €39,071,659 | -€600,237 | -1.5% |
| Goods for resale, raw materials and consumables | 60 | €26,741,399 | €26,483,044 | -€258,355 | -1.0% |
| Purchases | 600/8 | €26,741,399 | €26,483,044 | -€258,355 | -1.0% |
| Services and other goods | 61 | €4,617,409 | €4,931,598 | +€314,189 | +6.8% |
| Remuneration, social security and pensions | 62 | €8,121,463 | €7,463,368 | -€658,095 | -8.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €174,347 | €172,765 | -€1,582 | -0.9% |
| Other operating charges | 640/8 | €17,279 | €13,307 | -€3,972 | -23.0% |
| Non-recurring operating charges | 66A | - | €7,578 | +€7,578 | |
| Operating profit (loss) | 9901 | €2,065,264 | €1,493,769 | -€571,495 | -27.7% |
| Financial income | 75/76B | €83,582 | €93,394 | +€9,812 | +11.7% |
| Recurring financial income | 75 | €83,582 | €88,957 | +€5,376 | +6.4% |
| Income from current assets | 751 | €41,198 | €33,490 | -€7,708 | -18.7% |
| Other financial income | 752/9 | €42,384 | €55,467 | +€13,083 | +30.9% |
| Non-recurring financial income | 76B | - | €4,437 | +€4,437 | |
| Financial charges | 65/66B | €223,454 | €207,640 | -€15,813 | -7.1% |
| Recurring financial charges | 65 | €220,379 | €207,640 | -€12,739 | -5.8% |
| Debt charges | 650 | €213,807 | €199,763 | -€14,044 | -6.6% |
| Other financial charges | 652/9 | €6,572 | €7,877 | +€1,305 | +19.9% |
| Non-recurring financial charges | 66B | €3,074 | - | -€3,074 | |
| Profit (loss) for the period before taxes | 9903 | €1,925,392 | €1,379,523 | -€545,869 | -28.4% |
| Income taxes | 67/77 | €604,655 | €423,312 | -€181,343 | -30.0% |
| Taxes | 670/3 | €604,655 | €430,000 | -€174,655 | -28.9% |
| Tax adjustments and reversals of tax provisions | 77 | - | €6,688 | +€6,688 | |
| Profit (loss) for the period | 9904 | €1,320,737 | €956,211 | -€364,526 | -27.6% |
| Profit (loss) for the period to be appropriated | 9905 | €1,320,737 | €956,211 | -€364,526 | -27.6% |
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 5 October 2026 via checked.be.