DP-ELRO: 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.
DP-ELRO
Largest movements
- Tangible fixed assets -€15,662
down €15,662 (-39.0%), from €40,209 to €24,547
of which Furniture and vehicles: -€12,161
- Receivables within one year -€6,114
down €6,114 (-28.7%), from €21,278 to €15,165
of which Other amounts receivable: -€3,665
- Deferred charges and accrued income -€1,135
down €1,135 (-97.4%), from €1,165 to €30
- Cash +€818
up €818 (+12.9%), from €6,366 to €7,184
mainly Depreciation (+€15,662) and Net result for the year (+€8,653)
- Profit (loss) carried forward -€21,640
no longer reported in 2025 (was €21,640)
- Short-term financial debts +€2,681
new in 2025: €2,681
- Trade debts -€2,458
down €2,458 (-97.9%), from €2,512 to €54
- Other debts -€1,500
down €1,500 (-15.9%), from €9,434 to €7,934
- Debts after one year +€1,181
up €1,181 (+7.3%), from €16,118 to €17,299
- Gross operating margin +€7,015
up €7,015 (+30.9%), from €22,713 to €29,728
- Depreciation +€2,699
up €2,699 (+20.8%), from €12,964 to €15,662
- Taxes +€2,454
new in 2025: €2,454
- Other operating charges +€729
up €729 (+164%), from €446 to €1,175
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 | €69,019 | €46,926 | -€22,093 | -32.0% |
| Fixed assets | 21/28 | €40,209 | €24,547 | -€15,662 | -39.0% |
| Tangible fixed assets | 22/27 | €40,209 | €24,547 | -€15,662 | -39.0% |
| Furniture and vehicles | 24 | €30,102 | €17,941 | -€12,161 | -40.4% |
| Other tangible fixed assets | 26 | €10,108 | €6,606 | -€3,502 | -34.6% |
| Current assets | 29/58 | €28,809 | €22,379 | -€6,430 | -22.3% |
| Amounts receivable within one year | 40/41 | €21,278 | €15,165 | -€6,114 | -28.7% |
| Trade receivables | 40 | €16,067 | €13,618 | -€2,449 | -15.2% |
| Other amounts receivable | 41 | €5,211 | €1,546 | -€3,665 | -70.3% |
| Cash at bank and in hand | 54/58 | €6,366 | €7,184 | +€818 | +12.9% |
| Deferred charges and accrued income | 490/1 | €1,165 | €30 | -€1,135 | -97.4% |
| Total equity and liabilities | 10/49 | €69,019 | €46,926 | -€22,093 | -32.0% |
| Equity | 10/15 | €24,640 | €3,000 | -€21,640 | -87.8% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €21,640 | - | -€21,640 | |
| Amounts payable | 17/49 | €44,378 | €43,926 | -€452 | -1.0% |
| Amounts payable after more than one year | 17 | €16,118 | €17,299 | +€1,181 | +7.3% |
| Financial debts | 170/4 | €16,118 | €17,299 | +€1,181 | +7.3% |
| Amounts payable within one year | 42/48 | €28,260 | €26,627 | -€1,633 | -5.8% |
| Current portion of amounts payable after more than one year | 42 | €11,912 | €11,271 | -€641 | -5.4% |
| Financial debts | 43 | - | €2,681 | +€2,681 | |
| Credit institutions | 430/8 | - | €2,681 | +€2,681 | |
| Trade debts | 44 | €2,512 | €54 | -€2,458 | -97.9% |
| Suppliers | 440/4 | €2,512 | €54 | -€2,458 | -97.9% |
| Taxes, remuneration and social security | 45 | €4,403 | €4,687 | +€284 | +6.4% |
| Taxes | 450/3 | €4,403 | €4,687 | +€284 | +6.4% |
| Other amounts payable | 47/48 | €9,434 | €7,934 | -€1,500 | -15.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,964 | €15,662 | +€2,699 | +20.8% |
| Other operating charges | 640/8 | €446 | €1,175 | +€729 | +164% |
| Gross operating margin | 9900 | €22,713 | €29,728 | +€7,015 | +30.9% |
| Operating profit (loss) | 9901 | €9,303 | €12,891 | +€3,587 | +38.6% |
| Financial income | 75/76B | €0 | €18 | +€18 | +179,900% |
| Recurring financial income | 75 | €0 | €18 | +€18 | +179,900% |
| Financial charges | 65/66B | €1,806 | €1,802 | -€4 | -0.2% |
| Recurring financial charges | 65 | €1,806 | €1,802 | -€4 | -0.2% |
| Profit (loss) for the period before taxes | 9903 | €7,497 | €11,107 | +€3,610 | +48.1% |
| Income taxes | 67/77 | - | €2,454 | +€2,454 | |
| Profit (loss) for the period | 9904 | €7,497 | €8,653 | +€1,156 | +15.4% |
| Profit (loss) for the period to be appropriated | 9905 | €7,497 | €8,653 | +€1,156 | +15.4% |
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.