E.L.S. Immo: 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.
E.L.S. Immo
Largest movements
- Stocks and contracts +€361,768
up €361,768 (+40.8%), from €886,541 to €1.2m
- Other debts +€388,736
up €388,736 (+43.0%), from €903,330 to €1.3m
- Gross operating margin +€3,540
up €3,540 (+28.7%), from -€12,320 to -€8,780
- Other operating charges -€1,001
down €1,001 (-71.5%), from €1,401 to €400
- Depreciation +€935
up €935 (+3,065%), from €30 to €965
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 | €925,560 | €1,291,290 | +€365,730 | +39.5% |
| Fixed assets | 21/28 | €2,686 | €1,721 | -€965 | -35.9% |
| Tangible fixed assets | 22/27 | €2,286 | €1,321 | -€965 | -42.2% |
| Plant, machinery and equipment | 23 | €2,286 | €1,321 | -€965 | -42.2% |
| Financial fixed assets | 28 | €400 | €400 | = | 0.0% |
| Current assets | 29/58 | €922,874 | €1,289,569 | +€366,695 | +39.7% |
| Stocks and contracts in progress | 3 | €886,541 | €1,248,309 | +€361,768 | +40.8% |
| Stocks | 30/36 | €886,541 | €1,248,309 | +€361,768 | +40.8% |
| Amounts receivable within one year | 40/41 | €35,760 | €38,601 | +€2,841 | +7.9% |
| Trade receivables | 40 | €15,195 | €8,693 | -€6,502 | -42.8% |
| Other amounts receivable | 41 | €20,565 | €29,908 | +€9,343 | +45.4% |
| Cash at bank and in hand | 54/58 | €498 | €2,659 | +€2,161 | +434% |
| Deferred charges and accrued income | 490/1 | €75 | €0 | -€75 | -100% |
| Total equity and liabilities | 10/49 | €925,560 | €1,291,290 | +€365,730 | +39.5% |
| Equity | 10/15 | €5,953 | -€4,397 | -€10,349 | |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€14,047 | -€24,397 | -€10,349 | -73.7% |
| Amounts payable | 17/49 | €919,607 | €1,295,687 | +€376,079 | +40.9% |
| Amounts payable within one year | 42/48 | €919,607 | €1,295,687 | +€376,079 | +40.9% |
| Trade debts | 44 | €16,277 | €3,621 | -€12,657 | -77.8% |
| Suppliers | 440/4 | €16,277 | €3,621 | -€12,657 | -77.8% |
| Other amounts payable | 47/48 | €903,330 | €1,292,066 | +€388,736 | +43.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30 | €965 | +€935 | +3,065% |
| Other operating charges | 640/8 | €1,401 | €400 | -€1,001 | -71.5% |
| Gross operating margin | 9900 | -€12,320 | -€8,780 | +€3,540 | +28.7% |
| Operating profit (loss) | 9901 | -€13,751 | -€10,145 | +€3,606 | +26.2% |
| Financial income | 75/76B | €2 | €0 | -€2 | -100% |
| Recurring financial income | 75 | €2 | €0 | -€2 | -100% |
| Financial charges | 65/66B | €298 | €204 | -€94 | -31.4% |
| Recurring financial charges | 65 | €298 | €204 | -€94 | -31.4% |
| Profit (loss) for the period before taxes | 9903 | -€14,047 | -€10,349 | +€3,698 | +26.3% |
| Profit (loss) for the period | 9904 | -€14,047 | -€10,349 | +€3,698 | +26.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€14,047 | -€10,349 | +€3,698 | +26.3% |
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 23 October 2026 via checked.be.