IMMO ELMA: 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 ELMA
Largest movements
- Tangible fixed assets -€40,154
down €40,154 (-5.5%), from €733,758 to €693,604
of which Land and buildings: -€38,293
- Debts after one year -€65,684
down €65,684 (-14.2%), from €462,449 to €396,765
- Other debts +€38,347
up €38,347 (+498%), from €7,701 to €46,048
- Trade debts -€24,201
down €24,201 (-88.8%), from €27,245 to €3,044
- Reserves +€11,086
up €11,086 (+14.8%), from €75,095 to €86,181
of which Distributable reserves: +€11,086
- Gross operating margin -€4,758
down €4,758 (-6.4%), from €73,885 to €69,127
- Financial charges -€1,346
down €1,346 (-9.3%), from €14,520 to €13,174
- Financial income +€1,055
up €1,055 (+5,969%), from €18 to €1,073
- Depreciation -€843
down €843 (-2.1%), from €40,997 to €40,154
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 | €745,896 | €702,366 | -€43,530 | -5.8% |
| Fixed assets | 21/28 | €733,758 | €693,604 | -€40,154 | -5.5% |
| Tangible fixed assets | 22/27 | €733,758 | €693,604 | -€40,154 | -5.5% |
| Land and buildings | 22 | €723,681 | €685,388 | -€38,293 | -5.3% |
| Plant, machinery and equipment | 23 | €10,076 | €8,216 | -€1,860 | -18.5% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Current assets | 29/58 | €12,138 | €8,762 | -€3,376 | -27.8% |
| Amounts receivable within one year | 40/41 | €7,909 | €6,431 | -€1,478 | -18.7% |
| Trade receivables | 40 | €3,217 | €6,424 | +€3,206 | +99.7% |
| Other amounts receivable | 41 | €4,691 | €8 | -€4,684 | -99.8% |
| Cash at bank and in hand | 54/58 | €3,503 | €313 | -€3,190 | -91.1% |
| Deferred charges and accrued income | 490/1 | €727 | €2,018 | +€1,291 | +178% |
| Total equity and liabilities | 10/49 | €745,896 | €702,366 | -€43,530 | -5.8% |
| Equity | 10/15 | €175,095 | €186,181 | +€11,086 | +6.3% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €75,095 | €86,181 | +€11,086 | +14.8% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €75,095 | €86,181 | +€11,086 | +14.8% |
| Amounts payable | 17/49 | €570,801 | €516,185 | -€54,616 | -9.6% |
| Amounts payable after more than one year | 17 | €462,449 | €396,765 | -€65,684 | -14.2% |
| Financial debts | 170/4 | €462,449 | €396,765 | -€65,684 | -14.2% |
| Amounts payable within one year | 42/48 | €108,306 | €118,969 | +€10,663 | +9.8% |
| Current portion of amounts payable after more than one year | 42 | €67,718 | €67,287 | -€431 | -0.6% |
| Trade debts | 44 | €27,245 | €3,044 | -€24,201 | -88.8% |
| Suppliers | 440/4 | €27,245 | €3,044 | -€24,201 | -88.8% |
| Taxes, remuneration and social security | 45 | €5,643 | €2,590 | -€3,052 | -54.1% |
| Taxes | 450/3 | €5,643 | €2,590 | -€3,052 | -54.1% |
| Other amounts payable | 47/48 | €7,701 | €46,048 | +€38,347 | +498% |
| Accrued charges and deferred income | 492/3 | €46 | €451 | +€405 | +885% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,997 | €40,154 | -€843 | -2.1% |
| Other operating charges | 640/8 | €582 | €396 | -€186 | -31.9% |
| Gross operating margin | 9900 | €73,885 | €69,127 | -€4,758 | -6.4% |
| Operating profit (loss) | 9901 | €32,306 | €28,577 | -€3,729 | -11.5% |
| Financial income | 75/76B | €18 | €1,073 | +€1,055 | +5,969% |
| Recurring financial income | 75 | €18 | €1,073 | +€1,055 | +5,969% |
| Financial charges | 65/66B | €14,520 | €13,174 | -€1,346 | -9.3% |
| Recurring financial charges | 65 | €14,520 | €13,174 | -€1,346 | -9.3% |
| Profit (loss) for the period before taxes | 9903 | €17,804 | €16,476 | -€1,328 | -7.5% |
| Income taxes | 67/77 | €5,628 | €5,390 | -€237 | -4.2% |
| Profit (loss) for the period | 9904 | €12,177 | €11,086 | -€1,091 | -9.0% |
| Profit (loss) for the period to be appropriated | 9905 | €12,177 | €11,086 | -€1,091 | -9.0% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.