ELSOMA: 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.
ELSOMA
Largest movements
- Tangible fixed assets -€47,184
down €47,184 (-5.9%), from €798,200 to €751,016
- Cash +€21,293
up €21,293 (+73.1%), from €29,147 to €50,440
mainly Depreciation (+€54,885) and Net result for the year (+€27,175)
- Receivables within one year -€18,315
down €18,315 (-62.3%), from €29,405 to €11,090
of which Trade receivables: -€17,950
- Debts after one year -€74,705
down €74,705 (-19.7%), from €379,256 to €304,551
- Reserves +€27,175
up €27,175 (+11.8%), from €230,148 to €257,323
- Other debts -€9,519
down €9,519 (-8.7%), from €109,977 to €100,458
- Gross operating margin +€21,499
up €21,499 (+25.8%), from €83,424 to €104,922
- Taxes +€1,758
up €1,758 (+1,302%), from €135 to €1,893
- Financial charges -€1,261
down €1,261 (-7.9%), from €15,967 to €14,706
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 | €858,267 | €814,741 | -€43,526 | -5.1% |
| Fixed assets | 21/28 | €798,200 | €751,016 | -€47,184 | -5.9% |
| Tangible fixed assets | 22/27 | €798,200 | €751,016 | -€47,184 | -5.9% |
| Land and buildings | 22 | €798,200 | €751,016 | -€47,184 | -5.9% |
| Current assets | 29/58 | €60,068 | €63,725 | +€3,658 | +6.1% |
| Amounts receivable within one year | 40/41 | €29,405 | €11,090 | -€18,315 | -62.3% |
| Trade receivables | 40 | €29,040 | €11,090 | -€17,950 | -61.8% |
| Other amounts receivable | 41 | €365 | - | -€365 | |
| Cash at bank and in hand | 54/58 | €29,147 | €50,440 | +€21,293 | +73.1% |
| Deferred charges and accrued income | 490/1 | €1,516 | €2,196 | +€680 | +44.8% |
| Total equity and liabilities | 10/49 | €858,267 | €814,741 | -€43,526 | -5.1% |
| Equity | 10/15 | €280,148 | €307,323 | +€27,175 | +9.7% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €230,148 | €257,323 | +€27,175 | +11.8% |
| Distributable reserves | 133 | €230,148 | €257,323 | +€27,175 | +11.8% |
| Amounts payable | 17/49 | €578,119 | €507,418 | -€70,701 | -12.2% |
| Amounts payable after more than one year | 17 | €379,256 | €304,551 | -€74,705 | -19.7% |
| Financial debts | 170/4 | €379,256 | €304,551 | -€74,705 | -19.7% |
| Amounts payable within one year | 42/48 | €195,388 | €197,057 | +€1,668 | +0.9% |
| Current portion of amounts payable after more than one year | 42 | €77,293 | €78,128 | +€835 | +1.1% |
| Trade debts | 44 | €576 | €8,343 | +€7,767 | +1,348% |
| Suppliers | 440/4 | €576 | €8,343 | +€7,767 | +1,348% |
| Taxes, remuneration and social security | 45 | €7,542 | €10,127 | +€2,585 | +34.3% |
| Taxes | 450/3 | €7,542 | €10,127 | +€2,585 | +34.3% |
| Other amounts payable | 47/48 | €109,977 | €100,458 | -€9,519 | -8.7% |
| Accrued charges and deferred income | 492/3 | €3,474 | €5,810 | +€2,336 | +67.2% |
| Non-recurring operating income | 76A | - | €9,100 | +€9,100 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €55,415 | €54,885 | -€530 | -1.0% |
| Other operating charges | 640/8 | €6,381 | €6,354 | -€27 | -0.4% |
| Gross operating margin | 9900 | €83,424 | €104,922 | +€21,499 | +25.8% |
| Operating profit (loss) | 9901 | €21,628 | €43,684 | +€22,056 | +102% |
| Financial income | 75/76B | - | €90 | +€90 | |
| Recurring financial income | 75 | - | €90 | +€90 | |
| Financial charges | 65/66B | €15,967 | €14,706 | -€1,261 | -7.9% |
| Recurring financial charges | 65 | €15,967 | €14,706 | -€1,261 | -7.9% |
| Profit (loss) for the period before taxes | 9903 | €5,661 | €29,068 | +€23,407 | +413% |
| Income taxes | 67/77 | €135 | €1,893 | +€1,758 | +1,302% |
| Profit (loss) for the period | 9904 | €5,526 | €27,175 | +€21,649 | +392% |
| Profit (loss) for the period to be appropriated | 9905 | €5,526 | €27,175 | +€21,649 | +392% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.