ELMOSA: 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.
ELMOSA
Largest movements
- Cash -€165,312
down €165,312 (-67.9%), from €243,498 to €78,186
mainly Contributions, distributions and other (-€399,500) and Investment in fixed assets (net) (-€76,589)
- Tangible fixed assets +€61,134
up €61,134 (+316.5%), from €19,314 to €80,448
of which Land and buildings: +€60,000
- Receivables within one year +€28,932
up €28,932 (+116.7%), from €24,788 to €53,720
of which Trade receivables: +€25,625
- Profit (loss) carried forward -€201,996
down €201,996 (-98.7%), from €204,699 to €2,703
- Other debts +€135,011
up €135,011 (+326.5%), from €41,346 to €176,357
- Tax, wage and social debts -€9,121
down €9,121 (-37.6%), from €24,284 to €15,163
- Gross operating margin +€23,376
up €23,376 (+9.1%), from €257,094 to €280,470
- Depreciation +€10,715
up €10,715 (+226.1%), from €4,740 to €15,455
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 | €289,784 | €214,620 | -€75,164 | -25.9% |
| Fixed assets | 21/28 | €20,870 | €82,004 | +€61,134 | +292.9% |
| Tangible fixed assets | 22/27 | €19,314 | €80,448 | +€61,134 | +316.5% |
| Land and buildings | 22 | - | €60,000 | +€60,000 | |
| Plant, machinery and equipment | 23 | €3,228 | €8,774 | +€5,546 | +171.8% |
| Furniture and vehicles | 24 | €7,762 | €4,608 | -€3,154 | -40.6% |
| Other tangible fixed assets | 26 | €8,323 | €7,066 | -€1,257 | -15.1% |
| Financial fixed assets | 28 | €1,556 | €1,556 | = | 0.0% |
| Current assets | 29/58 | €268,914 | €132,616 | -€136,299 | -50.7% |
| Amounts receivable within one year | 40/41 | €24,788 | €53,720 | +€28,932 | +116.7% |
| Trade receivables | 40 | €24,631 | €50,256 | +€25,625 | +104.0% |
| Other amounts receivable | 41 | €157 | €3,464 | +€3,307 | +2103.1% |
| Cash at bank and in hand | 54/58 | €243,498 | €78,186 | -€165,312 | -67.9% |
| Deferred charges and accrued income | 490/1 | €629 | €710 | +€81 | +12.9% |
| Total equity and liabilities | 10/49 | €289,784 | €214,620 | -€75,164 | -25.9% |
| Equity | 10/15 | €223,299 | €21,303 | -€201,996 | -90.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1 | €1 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1 | €1 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1 | €1 | = | 0.0% |
| Profit (loss) carried forward | 14 | €204,699 | €2,703 | -€201,996 | -98.7% |
| Amounts payable | 17/49 | €66,485 | €193,317 | +€126,832 | +190.8% |
| Amounts payable within one year | 42/48 | €66,256 | €193,317 | +€127,061 | +191.8% |
| Trade debts | 44 | €626 | €1,796 | +€1,170 | +186.9% |
| Suppliers | 440/4 | €626 | €1,796 | +€1,170 | +186.9% |
| Taxes, remuneration and social security | 45 | €24,284 | €15,163 | -€9,121 | -37.6% |
| Taxes | 450/3 | €24,284 | €15,163 | -€9,121 | -37.6% |
| Other amounts payable | 47/48 | €41,346 | €176,357 | +€135,011 | +326.5% |
| Accrued charges and deferred income | 492/3 | €229 | €0 | -€229 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,740 | €15,455 | +€10,715 | +226.1% |
| Other operating charges | 640/8 | €1,325 | €2,366 | +€1,041 | +78.5% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €257,094 | €280,470 | +€23,376 | +9.1% |
| Operating profit (loss) | 9901 | €251,028 | €262,648 | +€11,620 | +4.6% |
| Financial income | 75/76B | €989 | €75 | -€914 | -92.4% |
| Recurring financial income | 75 | €989 | €75 | -€914 | -92.4% |
| Financial charges | 65/66B | €2,722 | €3,684 | +€962 | +35.3% |
| Recurring financial charges | 65 | €2,722 | €3,684 | +€962 | +35.3% |
| Profit (loss) for the period before taxes | 9903 | €249,295 | €259,039 | +€9,744 | +3.9% |
| Income taxes | 67/77 | €60,679 | €61,536 | +€856 | +1.4% |
| Profit (loss) for the period | 9904 | €188,616 | €197,504 | +€8,888 | +4.7% |
| Profit (loss) for the period to be appropriated | 9905 | €188,616 | €197,504 | +€8,888 | +4.7% |
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 12 October 2026 via checked.be.