ELMOZINC: 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.
ELMOZINC
Largest movements
- Stocks and contracts +€150,000
up €150,000 (+49.6%), from €302,362 to €452,362
- Cash -€46,405
down €46,405 (-90.0%), from €51,576 to €5,171
mainly Stocks and contracts (-€150,000) and Receivables within one year (-€24,468)
- Receivables within one year +€24,468
up €24,468 (+11.6%), from €211,391 to €235,859
of which Trade receivables: +€28,802
- Trade debts +€132,334
up €132,334 (+47.2%), from €280,617 to €412,951
- Tax, wage and social debts -€12,055
down €12,055 (-73.4%), from €16,429 to €4,374
of which Taxes: -€11,897
- Gross operating margin -€25,744
down €25,744 (-13.5%), from €191,104 to €165,360
- Staff costs -€15,590
down €15,590 (-8.6%), from €180,905 to €165,315
- Taxes -€3,363
down €3,363 (-83.9%), from €4,007 to €644
- Financial income +€3,233
up €3,233 (+491%), from €659 to €3,892
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 | €592,130 | €719,193 | +€127,063 | +21.5% |
| Fixed assets | 21/28 | €2,000 | €1,000 | -€1,000 | -50.0% |
| Tangible fixed assets | 22/27 | €2,000 | €1,000 | -€1,000 | -50.0% |
| Plant, machinery and equipment | 23 | €2,000 | €1,000 | -€1,000 | -50.0% |
| Current assets | 29/58 | €590,130 | €718,193 | +€128,063 | +21.7% |
| Amounts receivable after more than one year | 29 | €24,801 | €24,801 | = | 0.0% |
| Other amounts receivable | 291 | €24,801 | €24,801 | = | 0.0% |
| Stocks and contracts in progress | 3 | €302,362 | €452,362 | +€150,000 | +49.6% |
| Stocks | 30/36 | €302,362 | €452,362 | +€150,000 | +49.6% |
| Amounts receivable within one year | 40/41 | €211,391 | €235,859 | +€24,468 | +11.6% |
| Trade receivables | 40 | €175,955 | €204,757 | +€28,802 | +16.4% |
| Other amounts receivable | 41 | €35,436 | €31,102 | -€4,334 | -12.2% |
| Cash at bank and in hand | 54/58 | €51,576 | €5,171 | -€46,405 | -90.0% |
| Total equity and liabilities | 10/49 | €592,130 | €719,193 | +€127,063 | +21.5% |
| Equity | 10/15 | €52,896 | €54,187 | +€1,291 | +2.4% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €22,896 | €24,187 | +€1,291 | +5.6% |
| Amounts payable | 17/49 | €539,234 | €665,006 | +€125,772 | +23.3% |
| Amounts payable within one year | 42/48 | €539,234 | €665,006 | +€125,772 | +23.3% |
| Financial debts | 43 | €445 | €445 | = | 0.0% |
| Credit institutions | 430/8 | €445 | €445 | = | 0.0% |
| Trade debts | 44 | €280,617 | €412,951 | +€132,334 | +47.2% |
| Suppliers | 440/4 | €280,617 | €412,951 | +€132,334 | +47.2% |
| Taxes, remuneration and social security | 45 | €16,429 | €4,374 | -€12,055 | -73.4% |
| Taxes | 450/3 | €14,960 | €3,063 | -€11,897 | -79.5% |
| Remuneration and social security | 454/9 | €1,469 | €1,311 | -€158 | -10.8% |
| Other amounts payable | 47/48 | €241,743 | €247,236 | +€5,493 | +2.3% |
| Remuneration, social security and pensions | 62 | €180,905 | €165,315 | -€15,590 | -8.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,000 | €1,000 | = | 0.0% |
| Other operating charges | 640/8 | €144 | €786 | +€642 | +446% |
| Non-recurring operating charges | 66A | €141 | - | -€141 | |
| Gross operating margin | 9900 | €191,104 | €165,360 | -€25,744 | -13.5% |
| Operating profit (loss) | 9901 | €8,914 | -€1,741 | -€10,655 | |
| Financial income | 75/76B | €659 | €3,892 | +€3,233 | +491% |
| Recurring financial income | 75 | €659 | €3,892 | +€3,233 | +491% |
| Financial charges | 65/66B | €168 | €216 | +€48 | +28.6% |
| Recurring financial charges | 65 | €168 | €216 | +€48 | +28.6% |
| Profit (loss) for the period before taxes | 9903 | €9,405 | €1,935 | -€7,470 | -79.4% |
| Income taxes | 67/77 | €4,007 | €644 | -€3,363 | -83.9% |
| Profit (loss) for the period | 9904 | €5,398 | €1,291 | -€4,107 | -76.1% |
| Profit (loss) for the period to be appropriated | 9905 | €5,398 | €1,291 | -€4,107 | -76.1% |
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 20 October 2026 via checked.be.