EGROFLED MANAGEMENT: 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.
EGROFLED MANAGEMENT
Largest movements
- Cash +€14,945
up €14,945 (+22.0%), from €67,976 to €82,921
mainly Net result for the year (+€18,595) and Depreciation (+€12,494)
- Tangible fixed assets -€11,056
down €11,056 (-30.7%), from €35,988 to €24,932
of which Furniture and vehicles: -€9,762
- Receivables within one year -€7,494
down €7,494 (-21.8%), from €34,447 to €26,952
of which Trade receivables: -€13,057
- Deferred charges and accrued income +€1,542
new in 2025: €1,542
- Reserves +€17,762
up €17,762 (+24.2%), from €73,276 to €91,038
- Debts after one year -€10,071
down €10,071 (-49.2%), from €20,472 to €10,400
- Trade debts -€5,519
down €5,519 (-92.0%), from €5,998 to €478
- Tax, wage and social debts -€5,386
down €5,386 (-26.9%), from €19,993 to €14,606
- Gross operating margin -€18,644
down €18,644 (-29.0%), from €64,311 to €45,667
- Taxes -€6,683
down €6,683 (-35.1%), from €19,043 to €12,360
- Other operating charges +€1,149
up €1,149 (+162%), from €710 to €1,859
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 | €141,890 | €139,828 | -€2,063 | -1.5% |
| Fixed assets | 21/28 | €39,468 | €28,412 | -€11,056 | -28.0% |
| Tangible fixed assets | 22/27 | €35,988 | €24,932 | -€11,056 | -30.7% |
| Plant, machinery and equipment | 23 | €438 | €0 | -€438 | -100% |
| Furniture and vehicles | 24 | €29,287 | €19,525 | -€9,762 | -33.3% |
| Other tangible fixed assets | 26 | €6,262 | €5,407 | -€855 | -13.7% |
| Financial fixed assets | 28 | €3,480 | €3,480 | = | 0.0% |
| Current assets | 29/58 | €102,423 | €111,416 | +€8,993 | +8.8% |
| Amounts receivable within one year | 40/41 | €34,447 | €26,952 | -€7,494 | -21.8% |
| Trade receivables | 40 | €26,125 | €13,068 | -€13,057 | -50.0% |
| Other amounts receivable | 41 | €8,322 | €13,884 | +€5,563 | +66.8% |
| Cash at bank and in hand | 54/58 | €67,976 | €82,921 | +€14,945 | +22.0% |
| Deferred charges and accrued income | 490/1 | - | €1,542 | +€1,542 | |
| Total equity and liabilities | 10/49 | €141,890 | €139,828 | -€2,063 | -1.5% |
| Equity | 10/15 | €85,676 | €103,438 | +€17,762 | +20.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €73,276 | €91,038 | +€17,762 | +24.2% |
| Distributable reserves | 133 | €73,276 | €91,038 | +€17,762 | +24.2% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €56,214 | €36,389 | -€19,825 | -35.3% |
| Amounts payable after more than one year | 17 | €20,472 | €10,400 | -€10,071 | -49.2% |
| Financial debts | 170/4 | €20,472 | €10,400 | -€10,071 | -49.2% |
| Amounts payable within one year | 42/48 | €35,743 | €25,989 | -€9,754 | -27.3% |
| Current portion of amounts payable after more than one year | 42 | €9,752 | €10,071 | +€319 | +3.3% |
| Trade debts | 44 | €5,998 | €478 | -€5,519 | -92.0% |
| Suppliers | 440/4 | €5,998 | €478 | -€5,519 | -92.0% |
| Taxes, remuneration and social security | 45 | €19,993 | €14,606 | -€5,386 | -26.9% |
| Taxes | 450/3 | €19,993 | €14,606 | -€5,386 | -26.9% |
| Other amounts payable | 47/48 | - | €833 | +€833 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,541 | €12,494 | -€47 | -0.4% |
| Other operating charges | 640/8 | €710 | €1,859 | +€1,149 | +162% |
| Gross operating margin | 9900 | €64,311 | €45,667 | -€18,644 | -29.0% |
| Operating profit (loss) | 9901 | €51,060 | €31,314 | -€19,746 | -38.7% |
| Financial income | 75/76B | €299 | €568 | +€269 | +89.8% |
| Recurring financial income | 75 | €299 | €568 | +€269 | +89.8% |
| Financial charges | 65/66B | €1,212 | €927 | -€285 | -23.5% |
| Recurring financial charges | 65 | €1,212 | €927 | -€285 | -23.5% |
| Profit (loss) for the period before taxes | 9903 | €50,148 | €30,955 | -€19,193 | -38.3% |
| Income taxes | 67/77 | €19,043 | €12,360 | -€6,683 | -35.1% |
| Profit (loss) for the period | 9904 | €31,105 | €18,595 | -€12,510 | -40.2% |
| Profit (loss) for the period to be appropriated | 9905 | €31,105 | €18,595 | -€12,510 | -40.2% |
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.