ElmosGroup: 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.
What changed
ElmosGroup
NACE 64.210, Activities of holding companies
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€1.2m
2024 · €459,170+€701,199
Equity
€4.4m
2024 · €3.3m+€1.1m
Cash
€38,614
2024 · €30,054+€8,560
Balance sheet total
€10.6m
2024 · €10.3m+€379,933
Largest movements
Assets
- Intangible fixed assets +€364,339
up €364,339 (+14,738%), from €2,472 to €366,812
Equity and liabilities
- Reserves +€1.1m
up €1.1m (+34.4%), from €3.2m to €4.3m
of which Distributable reserves: +€1.1m
- Other debts -€467,591
down €467,591 (-41.3%), from €1.1m to €663,275
- Debts after one year -€240,623
down €240,623 (-4.6%), from €5.2m to €5.0m
Income statement
- Services and other goods +€742,032
up €742,032 (+107%), from €691,975 to €1.4m
- Turnover +€627,172
up €627,172 (+47.5%), from €1.3m to €1.9m
- Financial income +€515,516
up €515,516 (+112%), from €460,844 to €976,361
- Financial charges -€501,303
down €501,303, from €37,752 to -€463,550
of which Financial charges: -€492,076
- Staff costs +€76,349
up €76,349 (+14.0%), from €545,216 to €621,565
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.
Result 2024
€459,170
Turnover
+€627,172
Other operating income
+€9,648
Goods and materials
-€37,740
Services and other goods
-€742,032
Staff costs
-€76,349
Depreciation
-€70,880
Other operating charges
-€2,212
Other operating items
-€154
Financial income
+€515,516
Financial charges
+€501,303
Taxes
-€23,073
Result 2025
€1.2m
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€810,148
Investment
-€477,542
Financing
-€324,046
Cash 2024
€30,054
From operations (derived)
+€810,148
Net result for the year
+€1.2m
Depreciation
+€87,460
Receivables after one year
+€50,444
Receivables within one year
-€23,089
Deferred charges and accrued income
-€8,646
Trade debts
+€16,519
Tax, wage and social debts
-€736
Other debts
-€467,591
Accrued charges and deferred income
-€4,581
Investment (derived)
-€477,542
Investment in fixed assets (net)
-€477,542
Financing
-€324,046
Debts after one year
-€240,623
Current portion of long-term debt
-€59,455
Short-term financial debts
+€1,977
Contributions, distributions and other
-€25,944
Cash 2025
€38,614
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €10,256,351 | €10,636,284 | +€379,933 | +3.7% |
| Formation expenses | 20 | - | €0 | = | |
| Fixed assets | 21/28 | €9,069,306 | €9,459,389 | +€390,082 | +4.3% |
| Intangible fixed assets | 21 | €2,472 | €366,812 | +€364,339 | +14,738% |
| Tangible fixed assets | 22/27 | €26,722 | €26,265 | -€457 | -1.7% |
| Plant, machinery and equipment | 23 | €6,778 | €8,086 | +€1,308 | +19.3% |
| Furniture and vehicles | 24 | €19,945 | €18,179 | -€1,766 | -8.9% |
| Financial fixed assets | 28 | €9,040,112 | €9,066,312 | +€26,200 | +0.3% |
| Affiliated companies | 280/1 | €9,040,112 | €9,066,312 | +€26,200 | +0.3% |
| Participating interests | 280 | €9,040,112 | €9,066,312 | +€26,200 | +0.3% |
| Current assets | 29/58 | €1,187,045 | €1,176,896 | -€10,149 | -0.9% |
| Amounts receivable after more than one year | 29 | €609,790 | €559,346 | -€50,444 | -8.3% |
| Other amounts receivable | 291 | €609,790 | €559,346 | -€50,444 | -8.3% |
| Amounts receivable within one year | 40/41 | €535,051 | €558,140 | +€23,089 | +4.3% |
| Trade receivables | 40 | €204,532 | €238,714 | +€34,182 | +16.7% |
| Other amounts receivable | 41 | €330,519 | €319,426 | -€11,093 | -3.4% |
| Cash at bank and in hand | 54/58 | €30,054 | €38,614 | +€8,560 | +28.5% |
| Deferred charges and accrued income | 490/1 | €12,150 | €20,796 | +€8,646 | +71.2% |
| Total equity and liabilities | 10/49 | €10,256,351 | €10,636,284 | +€379,933 | +3.7% |
| Equity | 10/15 | €3,299,033 | €4,433,458 | +€1.1m | +34.4% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €3,195,150 | €4,295,150 | +€1.1m | +34.4% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Distributable reserves | 133 | €3,189,000 | €4,289,000 | +€1.1m | +34.5% |
| Profit (loss) carried forward | 14 | €42,383 | €76,808 | +€34,424 | +81.2% |
| Amounts payable | 17/49 | €6,957,318 | €6,202,827 | -€754,491 | -10.8% |
| Amounts payable after more than one year | 17 | €5,219,100 | €4,978,477 | -€240,623 | -4.6% |
| Financial debts | 170/4 | €5,219,100 | €4,978,477 | -€240,623 | -4.6% |
| Credit institutions | 173 | €1,055,261 | €814,637 | -€240,623 | -22.8% |
| Other loans | 174 | €4,163,839 | €4,163,839 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,733,637 | €1,224,350 | -€509,287 | -29.4% |
| Current portion of amounts payable after more than one year | 42 | €300,078 | €240,623 | -€59,455 | -19.8% |
| Financial debts | 43 | €78,164 | €80,140 | +€1,977 | +2.5% |
| Credit institutions | 430/8 | €78,164 | €80,140 | +€1,977 | +2.5% |
| Trade debts | 44 | €119,055 | €135,573 | +€16,519 | +13.9% |
| Suppliers | 440/4 | €119,055 | €135,573 | +€16,519 | +13.9% |
| Taxes, remuneration and social security | 45 | €105,474 | €104,738 | -€736 | -0.7% |
| Taxes | 450/3 | €46,893 | €47,131 | +€238 | +0.5% |
| Remuneration and social security | 454/9 | €58,581 | €57,607 | -€974 | -1.7% |
| Other amounts payable | 47/48 | €1,130,867 | €663,275 | -€467,591 | -41.3% |
| Accrued charges and deferred income | 492/3 | €4,581 | - | -€4,581 | |
| Operating income | 70/76A | €1,338,958 | €1,975,778 | +€636,820 | +47.6% |
| Turnover | 70 | €1,321,499 | €1,948,671 | +€627,172 | +47.5% |
| Other operating income | 74 | €17,459 | €27,107 | +€9,648 | +55.3% |
| Operating charges | 60/66A | €1,301,554 | €2,230,921 | +€929,367 | +71.4% |
| Goods for resale, raw materials and consumables | 60 | €45,510 | €83,250 | +€37,740 | +82.9% |
| Purchases | 600/8 | €45,510 | €83,250 | +€37,740 | +82.9% |
| Services and other goods | 61 | €691,975 | €1,434,006 | +€742,032 | +107% |
| Remuneration, social security and pensions | 62 | €545,216 | €621,565 | +€76,349 | +14.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,580 | €87,460 | +€70,880 | +428% |
| Other operating charges | 640/8 | €2,274 | €4,486 | +€2,212 | +97.3% |
| Non-recurring operating charges | 66A | - | €154 | +€154 | |
| Operating profit (loss) | 9901 | €37,404 | -€255,144 | -€292,547 | |
| Financial income | 75/76B | €460,844 | €976,361 | +€515,516 | +112% |
| Recurring financial income | 75 | €460,844 | €976,361 | +€515,516 | +112% |
| Income from financial fixed assets | 750 | €431,935 | €950,847 | +€518,912 | +120% |
| Income from current assets | 751 | €28,882 | €25,513 | -€3,369 | -11.7% |
| Other financial income | 752/9 | €27 | - | -€27 | |
| Financial charges | 65/66B | €37,752 | -€463,550 | -€501,303 | |
| Recurring financial charges | 65 | €28,526 | -€463,550 | -€492,076 | |
| Debt charges | 650 | €1,713 | €217,108 | +€215,395 | +12,571% |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals) | 651 | €25,500 | -€681,729 | -€707,229 | |
| Other financial charges | 652/9 | €1,313 | €1,070 | -€242 | -18.5% |
| Non-recurring financial charges | 66B | €9,226 | - | -€9,226 | |
| Profit (loss) for the period before taxes | 9903 | €460,496 | €1,184,767 | +€724,271 | +157% |
| Income taxes | 67/77 | €1,326 | €24,399 | +€23,073 | +1,740% |
| Taxes | 670/3 | €2,000 | €25,000 | +€23,000 | +1,150% |
| Tax adjustments and reversals of tax provisions | 77 | €674 | €601 | -€73 | -10.8% |
| Profit (loss) for the period | 9904 | €459,170 | €1,160,368 | +€701,199 | +153% |
| Profit (loss) for the period to be appropriated | 9905 | €459,170 | €1,160,368 | +€701,199 | +153% |
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 16 October 2026 via checked.be.