ELPIMMO: 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.
ELPIMMO
Largest movements
- Receivables within one year +€209,609
up €209,609 (+131.2%), from €159,765 to €369,374
- Cash -€103,711
down €103,711 (-37.3%), from €277,749 to €174,037
mainly Contributions, distributions and other (-€586,477) and Receivables within one year (-€209,609)
- Tangible fixed assets -€88,650
down €88,650 (-5.3%), from €1.7m to €1.6m
of which Land and buildings: -€86,640
- Reserves -€457,227
down €457,227 (-28.6%), from €1.6m to €1.1m
of which Distributable reserves: -€457,227
- Other debts +€450,099
up €450,099 (+286.6%), from €157,025 to €607,124
- Tax, wage and social debts +€86,011
up €86,011 (+532.9%), from €16,141 to €102,152
of which Taxes: +€87,911
- Debts after one year -€58,048
down €58,048 (-19.9%), from €292,385 to €234,337
- Gross operating margin +€43,287
up €43,287 (+16.3%), from €265,547 to €308,834
- Taxes +€41,598
up €41,598 (+292.1%), from €14,241 to €55,839
- Other operating charges +€15,646
up €15,646 (+129.4%), from €12,091 to €27,737
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 | €2,129,531 | €2,149,036 | +€19,505 | +0.9% |
| Fixed assets | 21/28 | €1,673,191 | €1,584,541 | -€88,650 | -5.3% |
| Tangible fixed assets | 22/27 | €1,673,061 | €1,584,411 | -€88,650 | -5.3% |
| Land and buildings | 22 | €1,642,196 | €1,555,555 | -€86,640 | -5.3% |
| Plant, machinery and equipment | 23 | €692 | - | -€692 | |
| Furniture and vehicles | 24 | €30,174 | €28,856 | -€1,318 | -4.4% |
| Financial fixed assets | 28 | €130 | €130 | = | 0.0% |
| Current assets | 29/58 | €456,340 | €564,495 | +€108,155 | +23.7% |
| Amounts receivable within one year | 40/41 | €159,765 | €369,374 | +€209,609 | +131.2% |
| Other amounts receivable | 41 | €159,765 | €369,374 | +€209,609 | +131.2% |
| Current investments | 50/53 | €18,475 | €18,645 | +€170 | +0.9% |
| Cash at bank and in hand | 54/58 | €277,749 | €174,037 | -€103,711 | -37.3% |
| Deferred charges and accrued income | 490/1 | €352 | €2,439 | +€2,088 | +593.7% |
| Total equity and liabilities | 10/49 | €2,129,531 | €2,149,036 | +€19,505 | +0.9% |
| Equity | 10/15 | €1,609,164 | €1,151,936 | -€457,227 | -28.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,596,764 | €1,139,536 | -€457,227 | -28.6% |
| Tax-exempt reserves | 132 | €28,750 | €28,750 | = | 0.0% |
| Distributable reserves | 133 | €1,568,014 | €1,110,786 | -€457,227 | -29.2% |
| Amounts payable | 17/49 | €520,368 | €997,100 | +€476,732 | +91.6% |
| Amounts payable after more than one year | 17 | €292,385 | €234,337 | -€58,048 | -19.9% |
| Financial debts | 170/4 | €292,385 | €234,337 | -€58,048 | -19.9% |
| Amounts payable within one year | 42/48 | €227,983 | €761,323 | +€533,341 | +233.9% |
| Current portion of amounts payable after more than one year | 42 | €49,540 | €49,953 | +€413 | +0.8% |
| Trade debts | 44 | €5,276 | €2,093 | -€3,183 | -60.3% |
| Suppliers | 440/4 | €5,276 | €2,093 | -€3,183 | -60.3% |
| Taxes, remuneration and social security | 45 | €16,141 | €102,152 | +€86,011 | +532.9% |
| Taxes | 450/3 | €14,241 | €102,152 | +€87,911 | +617.3% |
| Remuneration and social security | 454/9 | €1,900 | - | -€1,900 | |
| Other amounts payable | 47/48 | €157,025 | €607,124 | +€450,099 | +286.6% |
| Accrued charges and deferred income | 492/3 | - | €1,440 | +€1,440 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €94,017 | €93,400 | -€617 | -0.7% |
| Other operating charges | 640/8 | €12,091 | €27,737 | +€15,646 | +129.4% |
| Gross operating margin | 9900 | €265,547 | €308,834 | +€43,287 | +16.3% |
| Operating profit (loss) | 9901 | €159,440 | €187,697 | +€28,258 | +17.7% |
| Financial income | 75/76B | €694 | €391 | -€303 | -43.7% |
| Recurring financial income | 75 | €694 | €391 | -€303 | -43.7% |
| Financial charges | 65/66B | €3,482 | €2,999 | -€483 | -13.9% |
| Recurring financial charges | 65 | €3,482 | €2,999 | -€483 | -13.9% |
| Profit (loss) for the period before taxes | 9903 | €156,652 | €185,090 | +€28,438 | +18.2% |
| Income taxes | 67/77 | €14,241 | €55,839 | +€41,598 | +292.1% |
| Profit (loss) for the period | 9904 | €142,411 | €129,250 | -€13,161 | -9.2% |
| Profit (loss) for the period to be appropriated | 9905 | €142,411 | €129,250 | -€13,161 | -9.2% |
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 29 September 2026 via checked.be.