EGELKE: 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.
EGELKE
Largest movements
- Receivables within one year +€129,120
up €129,120 (+19.9%), from €649,094 to €778,214
of which Other amounts receivable: +€102,698
- Tangible fixed assets +€127,379
up €127,379 (+18.2%), from €698,727 to €826,106
of which Land and buildings: +€130,531
- Cash -€121,239
down €121,239 (-36.9%), from €328,121 to €206,883
mainly Investment in fixed assets (net) (-€161,038) and Receivables within one year (-€129,120)
- Reserves +€100,000
up €100,000 (+157%), from €63,777 to €163,777
- Trade debts -€91,301
down €91,301 (-15.0%), from €608,109 to €516,808
- Tax, wage and social debts +€66,138
up €66,138 (+89.8%), from €73,681 to €139,818
of which Taxes: +€65,946
- Profit (loss) carried forward +€50,800
up €50,800 (+14.1%), from €361,507 to €412,307
- Gross operating margin +€163,396
up €163,396 (+87.5%), from €186,802 to €350,198
- Taxes +€44,384
up €44,384 (+192%), from €23,115 to €67,499
- Depreciation +€9,089
up €9,089 (+37.0%), from €24,570 to €33,659
- Staff costs +€5,275
up €5,275 (+9.3%), from €56,817 to €62,092
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 | €1,686,619 | €1,823,662 | +€137,043 | +8.1% |
| Fixed assets | 21/28 | €698,727 | €826,106 | +€127,379 | +18.2% |
| Tangible fixed assets | 22/27 | €698,727 | €826,106 | +€127,379 | +18.2% |
| Land and buildings | 22 | €681,413 | €811,944 | +€130,531 | +19.2% |
| Furniture and vehicles | 24 | €17,314 | €14,162 | -€3,152 | -18.2% |
| Current assets | 29/58 | €987,892 | €997,556 | +€9,664 | +1.0% |
| Amounts receivable within one year | 40/41 | €649,094 | €778,214 | +€129,120 | +19.9% |
| Trade receivables | 40 | €626,679 | €653,100 | +€26,422 | +4.2% |
| Other amounts receivable | 41 | €22,415 | €125,113 | +€102,698 | +458% |
| Cash at bank and in hand | 54/58 | €328,121 | €206,883 | -€121,239 | -36.9% |
| Deferred charges and accrued income | 490/1 | €10,677 | €12,459 | +€1,783 | +16.7% |
| Total equity and liabilities | 10/49 | €1,686,619 | €1,823,662 | +€137,043 | +8.1% |
| Equity | 10/15 | €443,884 | €594,683 | +€150,800 | +34.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €63,777 | €163,777 | +€100,000 | +157% |
| Distributable reserves | 133 | €63,777 | €163,777 | +€100,000 | +157% |
| Profit (loss) carried forward | 14 | €361,507 | €412,307 | +€50,800 | +14.1% |
| Amounts payable | 17/49 | €1,242,735 | €1,228,979 | -€13,756 | -1.1% |
| Amounts payable after more than one year | 17 | €505,555 | €515,674 | +€10,119 | +2.0% |
| Financial debts | 170/4 | €505,555 | €515,674 | +€10,119 | +2.0% |
| Amounts payable within one year | 42/48 | €737,180 | €709,007 | -€28,174 | -3.8% |
| Current portion of amounts payable after more than one year | 42 | €37,405 | €39,480 | +€2,075 | +5.5% |
| Financial debts | 43 | - | €297 | +€297 | |
| Credit institutions | 430/8 | - | €297 | +€297 | |
| Trade debts | 44 | €608,109 | €516,808 | -€91,301 | -15.0% |
| Suppliers | 440/4 | €608,109 | €516,808 | -€91,301 | -15.0% |
| Taxes, remuneration and social security | 45 | €73,681 | €139,818 | +€66,138 | +89.8% |
| Taxes | 450/3 | €67,465 | €133,411 | +€65,946 | +97.7% |
| Remuneration and social security | 454/9 | €6,215 | €6,407 | +€192 | +3.1% |
| Other amounts payable | 47/48 | €17,986 | €12,603 | -€5,383 | -29.9% |
| Accrued charges and deferred income | 492/3 | - | €4,298 | +€4,298 | |
| Remuneration, social security and pensions | 62 | €56,817 | €62,092 | +€5,275 | +9.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,570 | €33,659 | +€9,089 | +37.0% |
| Other operating charges | 640/8 | €5,113 | €2,919 | -€2,194 | -42.9% |
| Non-recurring operating charges | 66A | €12,316 | €724 | -€11,592 | -94.1% |
| Gross operating margin | 9900 | €186,802 | €350,198 | +€163,396 | +87.5% |
| Operating profit (loss) | 9901 | €87,986 | €250,804 | +€162,819 | +185% |
| Financial income | 75/76B | €103 | €171 | +€68 | +66.1% |
| Recurring financial income | 75 | €103 | €171 | +€68 | +66.1% |
| Financial charges | 65/66B | €20,744 | €20,799 | +€55 | +0.3% |
| Recurring financial charges | 65 | €20,744 | €20,799 | +€55 | +0.3% |
| Profit (loss) for the period before taxes | 9903 | €67,345 | €230,176 | +€162,831 | +242% |
| Income taxes | 67/77 | €23,115 | €67,499 | +€44,384 | +192% |
| Profit (loss) for the period | 9904 | €44,230 | €162,677 | +€118,447 | +268% |
| Profit (loss) for the period to be appropriated | 9905 | €44,230 | €162,677 | +€118,447 | +268% |
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 17 October 2026 via checked.be.