ELMYR SERVICES: what changed
What changed
ELMYR SERVICES
NACE 32.121, Other manufacturing
filed annual accounts (NBB)
Net result for the year
-€219,752
2025 · €17,169-€236,921
Equity
€1.0m
2025 · €1.2m-€219,752
Cash
€200,592
2025 · €132,761+€67,831
Balance sheet total
€1.9m
2025 · €1.7m+€240,713
Largest movements
Assets
- Stocks and contracts +€237,504
up €237,504 (+32.3%), from €735,444 to €972,948
- Cash +€67,831
up €67,831 (+51.1%), from €132,761 to €200,592
mainly Trade debts (+€569,990) and Depreciation (+€42,163)
- Tangible fixed assets -€56,167
down €56,167 (-13.0%), from €430,660 to €374,493
of which Land and buildings: -€53,531
Equity and liabilities
- Trade debts +€569,990
up €569,990 (+198%), from €287,261 to €857,251
- Profit (loss) carried forward -€219,752
down €219,752 (-311%), from -€70,741 to -€290,494
- Debts after one year -€83,267
down €83,267 (-70.2%), from €118,695 to €35,427
Income statement
- Gross operating margin -€274,094
down €274,094 (-81.0%), from €338,538 to €64,444
- Financial income +€23,840
up €23,840 (+219%), from €10,907 to €34,748
- Financial charges -€13,065
down €13,065 (-33.3%), from €39,219 to €26,154
- Taxes +€8,822
up €8,822 (+368%), from €2,397 to €11,219
- Depreciation -€7,470
down €7,470 (-15.0%), from €49,632 to €42,163
Change in the result, 2025 to 2026
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2025
€17,169
Gross operating margin
-€274,094
Staff costs
+€1,427
Depreciation
+€7,470
Other operating charges
+€193
Financial income
+€23,840
Financial charges
+€13,065
Taxes
-€8,822
Result 2026
-€219,752
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2025 and 2026 balance sheets and the 2026 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€163,023
Investment
+€13,680
Financing
-€108,872
Cash 2025
€132,761
From operations (derived)
+€163,023
Net result for the year
-€219,752
Depreciation
+€42,163
Stocks and contracts
-€237,504
Receivables within one year
+€7,888
Smaller working-capital items
+€239
Trade debts
+€569,990
Investment (derived)
+€13,680
Investment in fixed assets (net)
+€13,680
Financing
-€108,872
Debts after one year
-€83,267
Current portion of long-term debt
-€17,374
Short-term financial debts
-€8,231
Cash 2026
€200,592
brings cash intakes cash out
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,706,387 | €1,947,100 | +€240,713 | +14.1% |
| Fixed assets | 21/28 | €433,397 | €377,554 | -€55,843 | -12.9% |
| Tangible fixed assets | 22/27 | €430,660 | €374,493 | -€56,167 | -13.0% |
| Land and buildings | 22 | €410,907 | €357,376 | -€53,531 | -13.0% |
| Plant, machinery and equipment | 23 | €14,087 | €13,209 | -€878 | -6.2% |
| Furniture and vehicles | 24 | €5,665 | €3,908 | -€1,757 | -31.0% |
| Financial fixed assets | 28 | €2,737 | €3,062 | +€325 | +11.9% |
| Current assets | 29/58 | €1,272,990 | €1,569,545 | +€296,555 | +23.3% |
| Stocks and contracts in progress | 3 | €735,444 | €972,948 | +€237,504 | +32.3% |
| Stocks | 30/36 | €735,444 | €972,948 | +€237,504 | +32.3% |
| Amounts receivable within one year | 40/41 | €388,657 | €380,769 | -€7,888 | -2.0% |
| Trade receivables | 40 | €43,766 | €21,897 | -€21,869 | -50.0% |
| Other amounts receivable | 41 | €344,891 | €358,872 | +€13,981 | +4.1% |
| Cash at bank and in hand | 54/58 | €132,761 | €200,592 | +€67,831 | +51.1% |
| Deferred charges and accrued income | 490/1 | €16,128 | €15,236 | -€892 | -5.5% |
| Total equity and liabilities | 10/49 | €1,706,387 | €1,947,100 | +€240,713 | +14.1% |
| Equity | 10/15 | €1,234,988 | €1,015,236 | -€219,752 | -17.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,287,130 | €1,287,130 | = | 0.0% |
| Distributable reserves | 133 | €1,287,130 | €1,287,130 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€70,741 | -€290,494 | -€219,752 | -311% |
| Amounts payable | 17/49 | €471,399 | €931,864 | +€460,465 | +97.7% |
| Amounts payable after more than one year | 17 | €118,695 | €35,427 | -€83,267 | -70.2% |
| Financial debts | 170/4 | €118,695 | €35,427 | -€83,267 | -70.2% |
| Amounts payable within one year | 42/48 | €352,425 | €896,436 | +€544,011 | +154% |
| Current portion of amounts payable after more than one year | 42 | €33,140 | €15,766 | -€17,374 | -52.4% |
| Financial debts | 43 | €20,415 | €12,184 | -€8,231 | -40.3% |
| Credit institutions | 430/8 | €20,415 | €12,184 | -€8,231 | -40.3% |
| Trade debts | 44 | €287,261 | €857,251 | +€569,990 | +198% |
| Suppliers | 440/4 | €287,261 | €857,251 | +€569,990 | +198% |
| Taxes, remuneration and social security | 45 | €11,609 | €11,235 | -€374 | -3.2% |
| Taxes | 450/3 | €1,108 | €3,815 | +€2,707 | +244% |
| Remuneration and social security | 454/9 | €10,501 | €7,420 | -€3,081 | -29.3% |
| Accrued charges and deferred income | 492/3 | €279 | - | -€279 | |
| Non-recurring operating income | 76A | - | €106,285 | +€106,285 | |
| Remuneration, social security and pensions | 62 | €226,982 | €225,555 | -€1,427 | -0.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49,632 | €42,163 | -€7,470 | -15.0% |
| Other operating charges | 640/8 | €14,046 | €13,853 | -€193 | -1.4% |
| Gross operating margin | 9900 | €338,538 | €64,444 | -€274,094 | -81.0% |
| Operating profit (loss) | 9901 | €47,878 | -€217,126 | -€265,004 | |
| Financial income | 75/76B | €10,907 | €34,748 | +€23,840 | +219% |
| Recurring financial income | 75 | €10,907 | €34,748 | +€23,840 | +219% |
| Financial charges | 65/66B | €39,219 | €26,154 | -€13,065 | -33.3% |
| Recurring financial charges | 65 | €39,219 | €26,154 | -€13,065 | -33.3% |
| Profit (loss) for the period before taxes | 9903 | €19,566 | -€208,533 | -€228,099 | |
| Income taxes | 67/77 | €2,397 | €11,219 | +€8,822 | +368% |
| Profit (loss) for the period | 9904 | €17,169 | -€219,752 | -€236,921 | |
| Profit (loss) for the period to be appropriated | 9905 | €17,169 | -€219,752 | -€236,921 |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.