IMMO ELMECH: 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 ELMECH
Largest movements
- Cash +€345,193
up €345,193 (+113%), from €304,211 to €649,404
mainly Receivables within one year (+€233,684) and Current investments (+€168,669)
- Receivables within one year -€233,684
down €233,684 (-25.3%), from €924,584 to €690,900
of which Trade receivables: -€236,196
- Current investments -€168,669
down €168,669 (-76.3%), from €220,981 to €52,312
- Tangible fixed assets -€23,685
down €23,685 (-13.3%), from €178,229 to €154,544
of which Furniture and vehicles: -€17,399
- Reserves -€67,822
down €67,822 (-5.0%), from €1.3m to €1.3m
- Tax, wage and social debts -€40,388
down €40,388 (-24.8%), from €162,983 to €122,595
of which Taxes: -€35,588
- Other debts +€22,160
up €22,160 (+24.2%), from €91,475 to €113,635
- Gross operating margin -€1.0m
no longer reported in 2025 (was €1.0m)
- Taxes -€270,089
down €270,089 (-90.8%), from €297,509 to €27,420
- Services and other goods +€204,832
new in 2025: €204,832
- Turnover +€167,295
new in 2025: €167,295
- Other operating income +€129,993
new in 2025: €129,993
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 | €1,629,171 | €1,547,159 | -€82,012 | -5.0% |
| Fixed assets | 21/28 | €178,229 | €154,544 | -€23,685 | -13.3% |
| Tangible fixed assets | 22/27 | €178,229 | €154,544 | -€23,685 | -13.3% |
| Land and buildings | 22 | €97,067 | €85,920 | -€11,147 | -11.5% |
| Plant, machinery and equipment | 23 | - | €4,860 | +€4,860 | |
| Furniture and vehicles | 24 | €81,162 | €63,763 | -€17,399 | -21.4% |
| Leasing and similar rights | 25 | €0 | - | = | |
| Current assets | 29/58 | €1,450,942 | €1,392,615 | -€58,327 | -4.0% |
| Stocks and contracts in progress | 3 | - | €0 | = | |
| Amounts receivable within one year | 40/41 | €924,584 | €690,900 | -€233,684 | -25.3% |
| Trade receivables | 40 | €907,835 | €671,639 | -€236,196 | -26.0% |
| Other amounts receivable | 41 | €16,749 | €19,261 | +€2,512 | +15.0% |
| Current investments | 50/53 | €220,981 | €52,312 | -€168,669 | -76.3% |
| Other investments | 51/53 | - | €52,312 | +€52,312 | |
| Cash at bank and in hand | 54/58 | €304,211 | €649,404 | +€345,193 | +113% |
| Deferred charges and accrued income | 490/1 | €1,167 | €0 | -€1,167 | -100% |
| Total equity and liabilities | 10/49 | €1,629,171 | €1,547,159 | -€82,012 | -5.0% |
| Equity | 10/15 | €1,367,687 | €1,299,865 | -€67,822 | -5.0% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €1,349,137 | €1,281,315 | -€67,822 | -5.0% |
| Distributable reserves | 133 | €1,349,137 | €1,281,315 | -€67,822 | -5.0% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €261,484 | €247,294 | -€14,190 | -5.4% |
| Amounts payable within one year | 42/48 | €261,484 | €247,294 | -€14,190 | -5.4% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €7,026 | €11,064 | +€4,038 | +57.5% |
| Suppliers | 440/4 | €7,026 | €11,064 | +€4,038 | +57.5% |
| Taxes, remuneration and social security | 45 | €162,983 | €122,595 | -€40,388 | -24.8% |
| Taxes | 450/3 | €153,383 | €117,795 | -€35,588 | -23.2% |
| Remuneration and social security | 454/9 | €9,600 | €4,800 | -€4,800 | -50.0% |
| Other amounts payable | 47/48 | €91,475 | €113,635 | +€22,160 | +24.2% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Operating income | 70/76A | - | €297,288 | +€297,288 | |
| Turnover | 70 | - | €167,295 | +€167,295 | |
| Other operating income | 74 | - | €129,993 | +€129,993 | |
| Operating charges | 60/66A | - | €246,430 | +€246,430 | |
| Services and other goods | 61 | - | €204,832 | +€204,832 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,197 | €30,373 | +€2,175 | +7.7% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €0 | - | = | |
| Other operating charges | 640/8 | €14,716 | €11,225 | -€3,491 | -23.7% |
| Non-recurring operating charges | 66A | €82,830 | €0 | -€82,830 | -100% |
| Gross operating margin | 9900 | €1,038,456 | - | -€1.0m | |
| Operating profit (loss) | 9901 | €912,713 | €50,859 | -€861,854 | -94.4% |
| Financial income | 75/76B | €4,570 | €28,007 | +€23,437 | +513% |
| Recurring financial income | 75 | €4,570 | €28,007 | +€23,437 | +513% |
| Income from financial fixed assets | 750 | - | €332 | +€332 | |
| Income from current assets | 751 | - | €27,675 | +€27,675 | |
| Other financial income | 752/9 | - | €0 | = | |
| Financial charges | 65/66B | €1,032 | -€348 | -€1,381 | |
| Recurring financial charges | 65 | €1,032 | -€348 | -€1,381 | |
| Debt charges | 650 | - | €55 | +€55 | |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals) | 651 | - | -€474 | -€474 | |
| Other financial charges | 652/9 | - | €70 | +€70 | |
| Profit (loss) for the period before taxes | 9903 | €916,251 | €79,214 | -€837,036 | -91.4% |
| Income taxes | 67/77 | €297,509 | €27,420 | -€270,089 | -90.8% |
| Taxes | 670/3 | - | €27,420 | +€27,420 | |
| Profit (loss) for the period | 9904 | €618,742 | €51,794 | -€566,947 | -91.6% |
| Profit (loss) for the period to be appropriated | 9905 | €618,742 | €51,794 | -€566,947 | -91.6% |
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 25 October 2026 via checked.be.