IMMO ELCOVA: 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.
IMMO ELCOVA
Largest movements
- Tangible fixed assets -€14,271
down €14,271 (-4.1%), from €345,985 to €331,714
of which Land and buildings: -€13,720
- Cash -€7,568
down €7,568 (-21.9%), from €34,598 to €27,031
mainly Other debts (-€12,280) and Net result for the year (-€9,247)
- Other debts -€12,280
down €12,280 (-2.5%), from €489,301 to €477,021
- Profit (loss) carried forward -€9,247
down €9,247 (-1.8%), from -€508,983 to -€518,230
- Depreciation -€25,507
down €25,507 (-64.1%), from €39,778 to €14,271
- Gross operating margin +€4,278
up €4,278 (+21.5%), from €19,870 to €24,148
- Other operating charges +€354
up €354 (+7.6%), from €4,664 to €5,017
- Financial charges -€342
down €342 (-2.3%), from €14,599 to €14,257
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 | €380,627 | €358,818 | -€21,809 | -5.7% |
| Fixed assets | 21/28 | €345,985 | €331,714 | -€14,271 | -4.1% |
| Tangible fixed assets | 22/27 | €345,985 | €331,714 | -€14,271 | -4.1% |
| Land and buildings | 22 | €344,883 | €331,163 | -€13,720 | -4.0% |
| Plant, machinery and equipment | 23 | €1,102 | €551 | -€551 | -50.0% |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Current assets | 29/58 | €34,642 | €27,104 | -€7,538 | -21.8% |
| Amounts receivable within one year | 40/41 | €43 | €73 | +€30 | +68.3% |
| Other amounts receivable | 41 | €43 | €73 | +€30 | +68.3% |
| Cash at bank and in hand | 54/58 | €34,598 | €27,031 | -€7,568 | -21.9% |
| Total equity and liabilities | 10/49 | €380,627 | €358,818 | -€21,809 | -5.7% |
| Equity | 10/15 | -€258,983 | -€268,230 | -€9,247 | -3.6% |
| Contributions | 10/11 | €250,000 | €250,000 | = | 0.0% |
| Capital | 10 | €250,000 | €250,000 | = | 0.0% |
| Issued capital | 100 | €250,000 | €250,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€508,983 | -€518,230 | -€9,247 | -1.8% |
| Amounts payable | 17/49 | €639,609 | €627,048 | -€12,561 | -2.0% |
| Amounts payable after more than one year | 17 | €150,000 | €150,000 | = | 0.0% |
| Financial debts | 170/4 | €150,000 | €150,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €489,609 | €477,048 | -€12,561 | -2.6% |
| Trade debts | 44 | €309 | €27 | -€281 | -91.2% |
| Suppliers | 440/4 | €309 | €27 | -€281 | -91.2% |
| Other amounts payable | 47/48 | €489,301 | €477,021 | -€12,280 | -2.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,778 | €14,271 | -€25,507 | -64.1% |
| Other operating charges | 640/8 | €4,664 | €5,017 | +€354 | +7.6% |
| Gross operating margin | 9900 | €19,870 | €24,148 | +€4,278 | +21.5% |
| Operating profit (loss) | 9901 | -€24,571 | €4,860 | +€29,431 | |
| Financial income | 75/76B | €93 | €151 | +€57 | +61.1% |
| Recurring financial income | 75 | €93 | €151 | +€57 | +61.1% |
| Financial charges | 65/66B | €14,599 | €14,257 | -€342 | -2.3% |
| Recurring financial charges | 65 | €14,599 | €14,257 | -€342 | -2.3% |
| Profit (loss) for the period before taxes | 9903 | -€39,077 | -€9,247 | +€29,830 | +76.3% |
| Profit (loss) for the period | 9904 | -€39,077 | -€9,247 | +€29,830 | +76.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€39,077 | -€9,247 | +€29,830 | +76.3% |
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 25 October 2026 via checked.be.