ELNIMO: 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.
ELNIMO
Largest movements
- Current investments +€590,000
up €590,000, from €0 to €590,000
- Cash -€350,562
down €350,562 (-66.8%), from €524,781 to €174,219
mainly Current investments (-€590,000) and Tax, wage and social debts (-€10,454)
- Tangible fixed assets -€220,413
down €220,413 (-14.3%), from €1.5m to €1.3m
of which Land and buildings: -€265,380
- Reserves +€42,724
up €42,724 (+2.7%), from €1.6m to €1.6m
of which Distributable reserves: +€52,590
- Gross operating margin -€328,930
down €328,930 (-66.3%), from €496,095 to €167,165
- Taxes -€109,011
down €109,011 (-81.6%), from €133,553 to €24,542
- Financial income -€8,425
down €8,425 (-63.4%), from €13,280 to €4,855
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 | €2,064,136 | €2,083,767 | +€19,630 | +1.0% |
| Fixed assets | 21/28 | €1,536,427 | €1,316,014 | -€220,413 | -14.3% |
| Tangible fixed assets | 22/27 | €1,536,427 | €1,316,014 | -€220,413 | -14.3% |
| Land and buildings | 22 | €1,521,053 | €1,255,673 | -€265,380 | -17.4% |
| Plant, machinery and equipment | 23 | €11,725 | €56,418 | +€44,693 | +381% |
| Furniture and vehicles | 24 | €3,649 | €3,923 | +€274 | +7.5% |
| Current assets | 29/58 | €527,709 | €767,752 | +€240,043 | +45.5% |
| Amounts receivable within one year | 40/41 | - | €2,170 | +€2,170 | |
| Trade receivables | 40 | - | €1,079 | +€1,079 | |
| Other amounts receivable | 41 | - | €1,091 | +€1,091 | |
| Current investments | 50/53 | €0 | €590,000 | +€590,000 | |
| Cash at bank and in hand | 54/58 | €524,781 | €174,219 | -€350,562 | -66.8% |
| Deferred charges and accrued income | 490/1 | €2,928 | €1,364 | -€1,564 | -53.4% |
| Total equity and liabilities | 10/49 | €2,064,136 | €2,083,767 | +€19,630 | +1.0% |
| Equity | 10/15 | €1,944,873 | €1,987,597 | +€42,724 | +2.2% |
| Contributions | 10/11 | €349,000 | €349,000 | = | 0.0% |
| Capital | 10 | €349,000 | €349,000 | = | 0.0% |
| Issued capital | 100 | €349,000 | €349,000 | = | 0.0% |
| Reserves | 13 | €1,595,873 | €1,638,597 | +€42,724 | +2.7% |
| Non-distributable reserves | 130/1 | €34,900 | €34,900 | = | 0.0% |
| Legal reserve | 130 | €34,900 | €34,900 | = | 0.0% |
| Tax-exempt reserves | 132 | €134,778 | €124,911 | -€9,867 | -7.3% |
| Distributable reserves | 133 | €1,426,195 | €1,478,785 | +€52,590 | +3.7% |
| Provisions and deferred taxes | 16 | €44,926 | €41,637 | -€3,289 | -7.3% |
| Deferred taxes | 168 | €44,926 | €41,637 | -€3,289 | -7.3% |
| Amounts payable | 17/49 | €74,338 | €54,533 | -€19,804 | -26.6% |
| Amounts payable after more than one year | 17 | €39,832 | €39,832 | = | 0.0% |
| Financial debts | 170/4 | €0 | - | = | |
| Other amounts payable | 178/9 | €39,832 | €39,832 | = | 0.0% |
| Amounts payable within one year | 42/48 | €28,604 | €14,047 | -€14,558 | -50.9% |
| Current portion of amounts payable after more than one year | 42 | €2,045 | €0 | -€2,045 | -100% |
| Trade debts | 44 | €2,105 | €47 | -€2,058 | -97.8% |
| Suppliers | 440/4 | €2,105 | €47 | -€2,058 | -97.8% |
| Taxes, remuneration and social security | 45 | €10,454 | €0 | -€10,454 | -100% |
| Taxes | 450/3 | €10,454 | €0 | -€10,454 | -100% |
| Other amounts payable | 47/48 | €14,000 | €14,000 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €5,902 | €655 | -€5,247 | -88.9% |
| Remuneration, social security and pensions | 62 | €139 | €144 | +€6 | +4.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €78,646 | €82,101 | +€3,455 | +4.4% |
| Other operating charges | 640/8 | €23,291 | €25,320 | +€2,030 | +8.7% |
| Gross operating margin | 9900 | €496,095 | €167,165 | -€328,930 | -66.3% |
| Operating profit (loss) | 9901 | €394,020 | €59,600 | -€334,420 | -84.9% |
| Financial income | 75/76B | €13,280 | €4,855 | -€8,425 | -63.4% |
| Recurring financial income | 75 | €13,280 | €4,855 | -€8,425 | -63.4% |
| Financial charges | 65/66B | €761 | €478 | -€282 | -37.1% |
| Recurring financial charges | 65 | €761 | €478 | -€282 | -37.1% |
| Profit (loss) for the period before taxes | 9903 | €406,539 | €63,977 | -€342,563 | -84.3% |
| Transfer from deferred taxes | 780 | €3,289 | €3,289 | = | 0.0% |
| Income taxes | 67/77 | €133,553 | €24,542 | -€109,011 | -81.6% |
| Profit (loss) for the period | 9904 | €276,275 | €42,724 | -€233,552 | -84.5% |
| Transfer from tax-exempt reserves | 789 | €9,867 | €9,867 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €286,142 | €52,590 | -€233,552 | -81.6% |
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 13 October 2026 via checked.be.