ELNOMALO: 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.
ELNOMALO
Largest movements
- Current investments +€321,580
new in 2025: €321,580
- Cash -€135,734
down €135,734 (-74.7%), from €181,665 to €45,931
mainly Current investments (-€321,580) and Receivables after one year (-€45,000)
- Receivables after one year +€45,000
up €45,000 (+83.3%), from €54,000 to €99,000
- Tangible fixed assets -€11,527
down €11,527 (-10.2%), from €112,493 to €100,966
of which Furniture and vehicles: -€11,109
- Deferred charges and accrued income -€7,979
down €7,979 (-9.8%), from €81,272 to €73,293
- Reserves +€245,906
up €245,906 (+67.5%), from €364,071 to €609,977
- Tax, wage and social debts -€20,563
down €20,563 (-100.0%), from €20,563 to €0
- Debts after one year -€13,737
down €13,737 (-49.0%), from €28,057 to €14,320
- Gross operating margin +€15,706
up €15,706 (+4.9%), from €322,145 to €337,851
- Taxes +€4,701
up €4,701 (+6.3%), from €74,135 to €78,836
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 | €432,061 | €645,964 | +€213,903 | +49.5% |
| Fixed assets | 21/28 | €112,493 | €100,966 | -€11,527 | -10.2% |
| Tangible fixed assets | 22/27 | €112,493 | €100,966 | -€11,527 | -10.2% |
| Furniture and vehicles | 24 | €46,212 | €35,103 | -€11,109 | -24.0% |
| Other tangible fixed assets | 26 | €66,282 | €65,863 | -€418 | -0.6% |
| Current assets | 29/58 | €319,568 | €544,998 | +€225,430 | +70.5% |
| Amounts receivable after more than one year | 29 | €54,000 | €99,000 | +€45,000 | +83.3% |
| Other amounts receivable | 291 | €54,000 | €99,000 | +€45,000 | +83.3% |
| Amounts receivable within one year | 40/41 | €2,631 | €5,195 | +€2,564 | +97.5% |
| Trade receivables | 40 | €1,846 | €0 | -€1,846 | -100.0% |
| Other amounts receivable | 41 | €785 | €5,195 | +€4,410 | +561.8% |
| Current investments | 50/53 | - | €321,580 | +€321,580 | |
| Cash at bank and in hand | 54/58 | €181,665 | €45,931 | -€135,734 | -74.7% |
| Deferred charges and accrued income | 490/1 | €81,272 | €73,293 | -€7,979 | -9.8% |
| Total equity and liabilities | 10/49 | €432,061 | €645,964 | +€213,903 | +49.5% |
| Equity | 10/15 | €370,071 | €615,977 | +€245,906 | +66.4% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €364,071 | €609,977 | +€245,906 | +67.5% |
| Distributable reserves | 133 | €364,071 | €609,977 | +€245,906 | +67.5% |
| Amounts payable | 17/49 | €61,990 | €29,987 | -€32,003 | -51.6% |
| Amounts payable after more than one year | 17 | €28,057 | €14,320 | -€13,737 | -49.0% |
| Financial debts | 170/4 | €28,057 | €14,320 | -€13,737 | -49.0% |
| Amounts payable within one year | 42/48 | €33,917 | €15,667 | -€18,250 | -53.8% |
| Current portion of amounts payable after more than one year | 42 | €13,177 | €13,737 | +€560 | +4.2% |
| Trade debts | 44 | €177 | €1,930 | +€1,753 | +989.9% |
| Suppliers | 440/4 | €177 | €1,930 | +€1,753 | +989.9% |
| Taxes, remuneration and social security | 45 | €20,563 | €0 | -€20,563 | -100.0% |
| Taxes | 450/3 | €20,563 | €0 | -€20,563 | -100.0% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €16 | €0 | -€16 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,483 | €13,977 | +€494 | +3.7% |
| Other operating charges | 640/8 | €1,025 | €1,238 | +€213 | +20.8% |
| Gross operating margin | 9900 | €322,145 | €337,851 | +€15,706 | +4.9% |
| Operating profit (loss) | 9901 | €307,637 | €322,636 | +€14,999 | +4.9% |
| Financial income | 75/76B | €1,902 | €4,870 | +€2,968 | +156.0% |
| Recurring financial income | 75 | €1,902 | €4,870 | +€2,968 | +156.0% |
| Financial charges | 65/66B | €2,803 | €2,765 | -€39 | -1.4% |
| Recurring financial charges | 65 | €2,803 | €2,765 | -€39 | -1.4% |
| Profit (loss) for the period before taxes | 9903 | €306,736 | €324,742 | +€18,006 | +5.9% |
| Income taxes | 67/77 | €74,135 | €78,836 | +€4,701 | +6.3% |
| Profit (loss) for the period | 9904 | €232,601 | €245,906 | +€13,305 | +5.7% |
| Profit (loss) for the period to be appropriated | 9905 | €232,601 | €245,906 | +€13,305 | +5.7% |
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.