EHLEN-BOURGUIGNON: 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.
EHLEN-BOURGUIGNON
Largest movements
- Cash +€111,182
up €111,182 (+97.8%), from €113,649 to €224,832
mainly Net result for the year (+€111,838) and Other debts (+€90,279)
- Tangible fixed assets -€39,062
down €39,062 (-27.9%), from €140,204 to €101,143
of which Land and buildings: -€26,887
- Stocks and contracts +€23,339
up €23,339 (+5.4%), from €434,813 to €458,151
- Other debts +€90,279
up €90,279 (+2,403%), from €3,756 to €94,035
- Debts after one year -€38,316
down €38,316 (-25.3%), from €151,554 to €113,238
- Tax, wage and social debts +€37,835
up €37,835 (+84.9%), from €44,580 to €82,415
of which Taxes: +€44,250
- Reserves +€8,923
up €8,923 (+2.0%), from €450,653 to €459,576
- Gross operating margin +€99,055
up €99,055 (+23.8%), from €416,951 to €516,006
- Staff costs -€59,975
down €59,975 (-17.1%), from €350,932 to €290,957
- Taxes +€55,052
up €55,052 (+1,080%), from €5,100 to €60,152
- Depreciation -€7,625
down €7,625 (-15.4%), from €49,540 to €41,915
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 | €783,759 | €877,431 | +€93,673 | +12.0% |
| Fixed assets | 21/28 | €154,500 | €114,979 | -€39,520 | -25.6% |
| Tangible fixed assets | 22/27 | €140,204 | €101,143 | -€39,062 | -27.9% |
| Land and buildings | 22 | €112,152 | €85,266 | -€26,887 | -24.0% |
| Plant, machinery and equipment | 23 | €15,557 | €11,768 | -€3,789 | -24.4% |
| Furniture and vehicles | 24 | €12,495 | €4,109 | -€8,386 | -67.1% |
| Financial fixed assets | 28 | €14,295 | €13,836 | -€459 | -3.2% |
| Current assets | 29/58 | €629,259 | €762,452 | +€133,193 | +21.2% |
| Stocks and contracts in progress | 3 | €434,813 | €458,151 | +€23,339 | +5.4% |
| Stocks | 30/36 | €434,813 | €458,151 | +€23,339 | +5.4% |
| Amounts receivable within one year | 40/41 | €71,675 | €71,417 | -€258 | -0.4% |
| Trade receivables | 40 | €44,755 | €64,817 | +€20,062 | +44.8% |
| Other amounts receivable | 41 | €26,920 | €6,600 | -€20,320 | -75.5% |
| Cash at bank and in hand | 54/58 | €113,649 | €224,832 | +€111,182 | +97.8% |
| Deferred charges and accrued income | 490/1 | €9,122 | €8,052 | -€1,070 | -11.7% |
| Total equity and liabilities | 10/49 | €783,759 | €877,431 | +€93,673 | +12.0% |
| Equity | 10/15 | €470,436 | €479,358 | +€8,923 | +1.9% |
| Contributions | 10/11 | €19,700 | €19,700 | = | 0.0% |
| Reserves | 13 | €450,653 | €459,576 | +€8,923 | +2.0% |
| Distributable reserves | 133 | €450,653 | €459,576 | +€8,923 | +2.0% |
| Profit (loss) carried forward | 14 | €83 | €83 | = | 0.0% |
| Amounts payable | 17/49 | €313,323 | €398,073 | +€84,750 | +27.0% |
| Amounts payable after more than one year | 17 | €151,554 | €113,238 | -€38,316 | -25.3% |
| Financial debts | 170/4 | €151,554 | €113,238 | -€38,316 | -25.3% |
| Amounts payable within one year | 42/48 | €161,743 | €284,798 | +€123,055 | +76.1% |
| Current portion of amounts payable after more than one year | 42 | €42,295 | €38,316 | -€3,978 | -9.4% |
| Trade debts | 44 | €71,113 | €70,032 | -€1,081 | -1.5% |
| Suppliers | 440/4 | €71,113 | €70,032 | -€1,081 | -1.5% |
| Taxes, remuneration and social security | 45 | €44,580 | €82,415 | +€37,835 | +84.9% |
| Taxes | 450/3 | €5,400 | €49,651 | +€44,250 | +819% |
| Remuneration and social security | 454/9 | €39,180 | €32,765 | -€6,415 | -16.4% |
| Other amounts payable | 47/48 | €3,756 | €94,035 | +€90,279 | +2,403% |
| Accrued charges and deferred income | 492/3 | €26 | €37 | +€12 | +45.9% |
| Remuneration, social security and pensions | 62 | €350,932 | €290,957 | -€59,975 | -17.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49,540 | €41,915 | -€7,625 | -15.4% |
| Other operating charges | 640/8 | €6,461 | €6,693 | +€232 | +3.6% |
| Non-recurring operating charges | 66A | - | €1,819 | +€1,819 | |
| Gross operating margin | 9900 | €416,951 | €516,006 | +€99,055 | +23.8% |
| Operating profit (loss) | 9901 | €10,018 | €174,622 | +€164,604 | +1,643% |
| Financial income | 75/76B | €3,212 | €4,335 | +€1,124 | +35.0% |
| Recurring financial income | 75 | €3,212 | €4,335 | +€1,124 | +35.0% |
| Financial charges | 65/66B | €8,048 | €6,968 | -€1,080 | -13.4% |
| Recurring financial charges | 65 | €8,048 | €6,968 | -€1,080 | -13.4% |
| Profit (loss) for the period before taxes | 9903 | €5,182 | €171,990 | +€166,807 | +3,219% |
| Income taxes | 67/77 | €5,100 | €60,152 | +€55,052 | +1,080% |
| Profit (loss) for the period | 9904 | €83 | €111,838 | +€111,755 | +135,395% |
| Profit (loss) for the period to be appropriated | 9905 | €83 | €111,838 | +€111,755 | +135,395% |
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.