EGLP: what changed
Two fiscal 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.
EGLP
Largest movements
- Tangible fixed assets +€264,108
up €264,108 (+70.4%), from €375,328 to €639,435
of which Land and buildings: +€234,240
- Cash +€27,266
up €27,266 (+288.9%), from €9,436 to €36,702
mainly Debts after one year (+€219,053) and Net result for the year (+€60,730)
- Deferred charges and accrued income +€8,717
up €8,717 (+559.3%), from €1,559 to €10,275
- Debts after one year +€219,053
up €219,053 (+69.8%), from €313,913 to €532,965
of which Financial debts: +€223,892
- Reserves +€59,897
up €59,897 (+162.9%), from €36,759 to €96,656
- Current portion of long-term debt +€14,130
up €14,130 (+74.1%), from €19,060 to €33,190
- Tax, wage and social debts +€11,782
up €11,782 (+55.3%), from €21,322 to €33,105
of which Remuneration and social security: +€6,930
- Gross operating margin +€41,627
up €41,627 (+41.6%), from €100,106 to €141,733
- Depreciation +€17,860
up €17,860 (+116.3%), from €15,363 to €33,224
- Other operating charges +€15,646
up €15,646 (+541.3%), from €2,891 to €18,537
- Taxes +€6,138
up €6,138 (+56.0%), from €10,958 to €17,096
- Financial charges +€2,170
up €2,170 (+21.6%), from €10,053 to €12,222
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.
Cash bridge derived
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 | €400,583 | €702,555 | +€301,972 | +75.4% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €375,328 | €639,435 | +€264,108 | +70.4% |
| Tangible fixed assets | 22/27 | €375,328 | €639,435 | +€264,108 | +70.4% |
| Land and buildings | 22 | €367,844 | €602,084 | +€234,240 | +63.7% |
| Furniture and vehicles | 24 | €7,484 | €37,352 | +€29,868 | +399.1% |
| Current assets | 29/58 | €25,255 | €63,120 | +€37,865 | +149.9% |
| Amounts receivable within one year | 40/41 | €14,260 | €16,142 | +€1,882 | +13.2% |
| Trade receivables | 40 | €14,260 | €13,238 | -€1,022 | -7.2% |
| Other amounts receivable | 41 | €0 | €2,904 | +€2,904 | |
| Cash at bank and in hand | 54/58 | €9,436 | €36,702 | +€27,266 | +288.9% |
| Deferred charges and accrued income | 490/1 | €1,559 | €10,275 | +€8,717 | +559.3% |
| Total equity and liabilities | 10/49 | €400,583 | €702,555 | +€301,972 | +75.4% |
| Equity | 10/15 | €41,759 | €101,656 | +€59,897 | +143.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €36,759 | €96,656 | +€59,897 | +162.9% |
| Distributable reserves | 133 | €36,759 | €96,656 | +€59,897 | +162.9% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €358,824 | €600,899 | +€242,076 | +67.5% |
| Amounts payable after more than one year | 17 | €313,913 | €532,965 | +€219,053 | +69.8% |
| Financial debts | 170/4 | €248,593 | €472,485 | +€223,892 | +90.1% |
| Other amounts payable | 178/9 | €65,320 | €60,480 | -€4,840 | -7.4% |
| Amounts payable within one year | 42/48 | €44,026 | €67,934 | +€23,908 | +54.3% |
| Current portion of amounts payable after more than one year | 42 | €19,060 | €33,190 | +€14,130 | +74.1% |
| Trade debts | 44 | €2,913 | €931 | -€1,982 | -68.0% |
| Suppliers | 440/4 | €2,913 | €931 | -€1,982 | -68.0% |
| Taxes, remuneration and social security | 45 | €21,322 | €33,105 | +€11,782 | +55.3% |
| Taxes | 450/3 | €21,322 | €26,175 | +€4,852 | +22.8% |
| Remuneration and social security | 454/9 | - | €6,930 | +€6,930 | |
| Other amounts payable | 47/48 | €730 | €708 | -€22 | -3.0% |
| Accrued charges and deferred income | 492/3 | €885 | - | -€885 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,363 | €33,224 | +€17,860 | +116.3% |
| Other operating charges | 640/8 | €2,891 | €18,537 | +€15,646 | +541.3% |
| Gross operating margin | 9900 | €100,106 | €141,733 | +€41,627 | +41.6% |
| Operating profit (loss) | 9901 | €81,852 | €89,973 | +€8,121 | +9.9% |
| Financial income | 75/76B | €1 | €75 | +€74 | +6260.2% |
| Recurring financial income | 75 | €1 | €75 | +€74 | +6260.2% |
| Financial charges | 65/66B | €10,053 | €12,222 | +€2,170 | +21.6% |
| Recurring financial charges | 65 | €10,053 | €12,222 | +€2,170 | +21.6% |
| Profit (loss) for the period before taxes | 9903 | €71,801 | €77,826 | +€6,025 | +8.4% |
| Income taxes | 67/77 | €10,958 | €17,096 | +€6,138 | +56.0% |
| Profit (loss) for the period | 9904 | €60,842 | €60,730 | -€113 | -0.2% |
| Profit (loss) for the period to be appropriated | 9905 | €60,842 | €60,730 | -€113 | -0.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.