Eltimmo: 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.
Eltimmo
Largest movements
- Tangible fixed assets -€40,510
down €40,510 (-3.3%), from €1.2m to €1.2m
of which Land and buildings: -€40,877
- Cash -€26,253
down €26,253 (-43.5%), from €60,335 to €34,082
mainly Contributions, distributions and other (-€183,381) and Tax, wage and social debts (-€73,961)
- Receivables within one year -€23,596
down €23,596 (-23.3%), from €101,289 to €77,693
of which Other amounts receivable: -€54,340
- Reserves -€163,752
down €163,752 (-37.8%), from €433,200 to €269,448
- Debts after one year +€119,395
up €119,395 (+16.0%), from €747,016 to €866,411
- Tax, wage and social debts -€73,961
down €73,961 (-74.7%), from €98,986 to €25,024
of which Taxes: -€81,031
- Current portion of long-term debt +€21,980
up €21,980 (+36.1%), from €60,820 to €82,800
- Gross operating margin -€136,567
down €136,567 (-48.4%), from €282,132 to €145,565
- Taxes -€106,301
down €106,301 (-84.8%), from €125,335 to €19,034
- Staff costs +€13,291
new in 2025: €13,291
- Financial charges +€8,027
up €8,027 (+61.2%), from €13,114 to €21,140
- Other operating charges +€7,448
up €7,448 (+93.0%), from €8,005 to €15,453
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 | €1,375,855 | €1,289,249 | -€86,605 | -6.3% |
| Fixed assets | 21/28 | €1,212,504 | €1,171,994 | -€40,510 | -3.3% |
| Tangible fixed assets | 22/27 | €1,211,482 | €1,170,972 | -€40,510 | -3.3% |
| Land and buildings | 22 | €1,157,702 | €1,116,825 | -€40,877 | -3.5% |
| Plant, machinery and equipment | 23 | €13,023 | €9,365 | -€3,658 | -28.1% |
| Furniture and vehicles | 24 | €40,757 | €44,782 | +€4,024 | +9.9% |
| Financial fixed assets | 28 | €1,022 | €1,022 | = | 0.0% |
| Current assets | 29/58 | €163,351 | €117,256 | -€46,095 | -28.2% |
| Amounts receivable within one year | 40/41 | €101,289 | €77,693 | -€23,596 | -23.3% |
| Trade receivables | 40 | €43,519 | €74,264 | +€30,745 | +70.6% |
| Other amounts receivable | 41 | €57,769 | €3,429 | -€54,340 | -94.1% |
| Cash at bank and in hand | 54/58 | €60,335 | €34,082 | -€26,253 | -43.5% |
| Deferred charges and accrued income | 490/1 | €1,727 | €5,481 | +€3,754 | +217.3% |
| Total equity and liabilities | 10/49 | €1,375,855 | €1,289,249 | -€86,605 | -6.3% |
| Equity | 10/15 | €448,200 | €284,448 | -€163,752 | -36.5% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €433,200 | €269,448 | -€163,752 | -37.8% |
| Distributable reserves | 133 | €433,200 | €269,448 | -€163,752 | -37.8% |
| Amounts payable | 17/49 | €927,655 | €1,004,802 | +€77,147 | +8.3% |
| Amounts payable after more than one year | 17 | €747,016 | €866,411 | +€119,395 | +16.0% |
| Financial debts | 170/4 | €747,016 | €866,411 | +€119,395 | +16.0% |
| Amounts payable within one year | 42/48 | €180,639 | €138,391 | -€42,248 | -23.4% |
| Current portion of amounts payable after more than one year | 42 | €60,820 | €82,800 | +€21,980 | +36.1% |
| Trade debts | 44 | €15,314 | €12,832 | -€2,483 | -16.2% |
| Suppliers | 440/4 | €15,314 | €12,832 | -€2,483 | -16.2% |
| Taxes, remuneration and social security | 45 | €98,986 | €25,024 | -€73,961 | -74.7% |
| Taxes | 450/3 | €98,986 | €17,955 | -€81,031 | -81.9% |
| Remuneration and social security | 454/9 | - | €7,070 | +€7,070 | |
| Other amounts payable | 47/48 | €5,519 | €17,734 | +€12,216 | +221.4% |
| Remuneration, social security and pensions | 62 | - | €13,291 | +€13,291 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €57,931 | €57,017 | -€913 | -1.6% |
| Other operating charges | 640/8 | €8,005 | €15,453 | +€7,448 | +93.0% |
| Gross operating margin | 9900 | €282,132 | €145,565 | -€136,567 | -48.4% |
| Operating profit (loss) | 9901 | €216,196 | €59,803 | -€156,393 | -72.3% |
| Financial income | 75/76B | €528 | - | -€528 | |
| Recurring financial income | 75 | €528 | - | -€528 | |
| Financial charges | 65/66B | €13,114 | €21,140 | +€8,027 | +61.2% |
| Recurring financial charges | 65 | €13,114 | €21,140 | +€8,027 | +61.2% |
| Profit (loss) for the period before taxes | 9903 | €203,611 | €38,663 | -€164,948 | -81.0% |
| Income taxes | 67/77 | €125,335 | €19,034 | -€106,301 | -84.8% |
| Profit (loss) for the period | 9904 | €78,276 | €19,629 | -€58,648 | -74.9% |
| Profit (loss) for the period to be appropriated | 9905 | €78,276 | €19,629 | -€58,648 | -74.9% |
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 9 October 2026 via checked.be.