ELTOMA: 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.
ELTOMA
Largest movements
- Receivables within one year +€69,232
up €69,232 (+26.9%), from €257,017 to €326,249
of which Other amounts receivable: +€69,552
- Cash -€47,184
down €47,184 (-79.7%), from €59,202 to €12,019
mainly Receivables within one year (-€69,232) and Current investments (-€11,043)
- Reserves +€17,176
up €17,176 (+10.1%), from €169,661 to €186,837
- Financial charges -€12,745
down €12,745, from €9,808 to -€2,938
- Other operating charges -€2,591
down €2,591 (-38.1%), from €6,806 to €4,215
- Gross operating margin +€1,933
up €1,933 (+8.6%), from €22,392 to €24,325
- Financial income +€1,904
up €1,904 (+41.0%), from €4,646 to €6,550
- Taxes +€1,718
new in 2025: €1,718
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 | €1,129,076 | €1,151,465 | +€22,389 | +2.0% |
| Fixed assets | 21/28 | €634,181 | €623,478 | -€10,703 | -1.7% |
| Tangible fixed assets | 22/27 | €634,181 | €623,478 | -€10,703 | -1.7% |
| Land and buildings | 22 | €634,181 | €623,478 | -€10,703 | -1.7% |
| Current assets | 29/58 | €494,896 | €527,988 | +€33,092 | +6.7% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €257,017 | €326,249 | +€69,232 | +26.9% |
| Trade receivables | 40 | €320 | €0 | -€320 | -100.0% |
| Other amounts receivable | 41 | €256,697 | €326,249 | +€69,552 | +27.1% |
| Current investments | 50/53 | €178,677 | €189,720 | +€11,043 | +6.2% |
| Cash at bank and in hand | 54/58 | €59,202 | €12,019 | -€47,184 | -79.7% |
| Total equity and liabilities | 10/49 | €1,129,076 | €1,151,465 | +€22,389 | +2.0% |
| Equity | 10/15 | €592,388 | €609,564 | +€17,176 | +2.9% |
| Contributions | 10/11 | €406,027 | €406,027 | = | 0.0% |
| Revaluation surpluses | 12 | €16,700 | €16,700 | = | 0.0% |
| Reserves | 13 | €169,661 | €186,837 | +€17,176 | +10.1% |
| Distributable reserves | 133 | €169,661 | €186,837 | +€17,176 | +10.1% |
| Amounts payable | 17/49 | €536,688 | €541,901 | +€5,213 | +1.0% |
| Amounts payable after more than one year | 17 | €263,420 | €263,420 | = | 0.0% |
| Other amounts payable | 178/9 | €263,420 | €263,420 | = | 0.0% |
| Amounts payable within one year | 42/48 | €265,327 | €270,478 | +€5,152 | +1.9% |
| Trade debts | 44 | €170 | €264 | +€94 | +55.4% |
| Suppliers | 440/4 | €170 | €264 | +€94 | +55.4% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €265,157 | €270,214 | +€5,057 | +1.9% |
| Accrued charges and deferred income | 492/3 | €7,941 | €8,002 | +€61 | +0.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,703 | €10,703 | = | 0.0% |
| Other operating charges | 640/8 | €6,806 | €4,215 | -€2,591 | -38.1% |
| Gross operating margin | 9900 | €22,392 | €24,325 | +€1,933 | +8.6% |
| Operating profit (loss) | 9901 | €4,883 | €9,406 | +€4,524 | +92.6% |
| Financial income | 75/76B | €4,646 | €6,550 | +€1,904 | +41.0% |
| Recurring financial income | 75 | €4,646 | €6,550 | +€1,904 | +41.0% |
| Financial charges | 65/66B | €9,808 | -€2,938 | -€12,745 | |
| Recurring financial charges | 65 | €9,808 | -€2,938 | -€12,745 | |
| Profit (loss) for the period before taxes | 9903 | -€279 | €18,894 | +€19,173 | |
| Income taxes | 67/77 | - | €1,718 | +€1,718 | |
| Profit (loss) for the period | 9904 | -€279 | €17,176 | +€17,455 | |
| Profit (loss) for the period to be appropriated | 9905 | -€279 | €17,176 | +€17,455 |
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 1 October 2026 via checked.be.