Elders bv: what changed
What changed
Elders bv
NACE 56.111, Full-service restaurants
filed annual accounts (NBB)
Net result for the year
€82,805
2024 · €83,431-€626
Equity
€264,424
2024 · €242,490+€21,933
Cash
€153,774
2024 · €128,037+€25,737
Balance sheet total
€833,682
2024 · €814,983+€18,699
Largest movements
Assets
- Tangible fixed assets -€33,671
down €33,671 (-5.1%), from €660,110 to €626,439
of which Land and buildings: -€51,421
- Cash +€25,737
up €25,737 (+20.1%), from €128,037 to €153,774
mainly Net result for the year (+€82,805) and Depreciation (+€53,290)
- Stocks and contracts +€18,875
up €18,875 (+71.4%), from €26,431 to €45,305
Equity and liabilities
- Debts after one year -€30,551
down €30,551 (-7.3%), from €418,723 to €388,172
- Reserves +€21,933
up €21,933 (+9.1%), from €240,490 to €262,424
- Tax, wage and social debts +€17,242
up €17,242 (+35.6%), from €48,376 to €65,618
of which Remuneration and social security: +€10,133
- Other debts +€11,531
up €11,531 (+22.0%), from €52,498 to €64,029
Income statement
- Gross operating margin +€16,945
up €16,945 (+3.4%), from €500,222 to €517,167
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€83,431
Gross operating margin
+€16,945
Staff costs
-€2,470
Depreciation
-€4,528
Other operating charges
-€1,636
Other operating items
-€250
Financial income
-€231
Financial charges
-€3,439
Taxes
-€5,017
Result 2025
€82,805
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€135,695
Investment
-€19,620
Financing
-€90,338
Cash 2024
€128,037
From operations (derived)
+€135,695
Net result for the year
+€82,805
Depreciation
+€53,290
Stocks and contracts
-€18,875
Receivables within one year
+€1
Deferred charges and accrued income
-€7,759
Trade debts
+€3,007
Tax, wage and social debts
+€17,242
Other debts
+€11,531
Accrued charges and deferred income
-€5,548
Investment (derived)
-€19,620
Investment in fixed assets (net)
-€19,620
Financing
-€90,338
Debts after one year
-€30,551
Current portion of long-term debt
+€1,083
Short-term financial debts
+€1
Contributions, distributions and other
-€60,872
Cash 2025
€153,774
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €814,983 | €833,682 | +€18,699 | +2.3% |
| Fixed assets | 21/28 | €660,110 | €626,439 | -€33,671 | -5.1% |
| Tangible fixed assets | 22/27 | €660,110 | €626,439 | -€33,671 | -5.1% |
| Land and buildings | 22 | €593,895 | €542,474 | -€51,421 | -8.7% |
| Plant, machinery and equipment | 23 | €33,714 | €51,597 | +€17,883 | +53.0% |
| Furniture and vehicles | 24 | €32,500 | €32,368 | -€132 | -0.4% |
| Current assets | 29/58 | €154,873 | €207,243 | +€52,370 | +33.8% |
| Stocks and contracts in progress | 3 | €26,431 | €45,305 | +€18,875 | +71.4% |
| Stocks | 30/36 | €26,431 | €45,305 | +€18,875 | +71.4% |
| Amounts receivable within one year | 40/41 | €406 | €405 | -€1 | -0.2% |
| Trade receivables | 40 | €406 | €405 | -€1 | -0.2% |
| Cash at bank and in hand | 54/58 | €128,037 | €153,774 | +€25,737 | +20.1% |
| Deferred charges and accrued income | 490/1 | - | €7,759 | +€7,759 | |
| Total equity and liabilities | 10/49 | €814,983 | €833,682 | +€18,699 | +2.3% |
| Equity | 10/15 | €242,490 | €264,424 | +€21,933 | +9.0% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €240,490 | €262,424 | +€21,933 | +9.1% |
| Distributable reserves | 133 | €240,490 | €262,424 | +€21,933 | +9.1% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €572,493 | €569,258 | -€3,234 | -0.6% |
| Amounts payable after more than one year | 17 | €418,723 | €388,172 | -€30,551 | -7.3% |
| Financial debts | 170/4 | €418,723 | €388,172 | -€30,551 | -7.3% |
| Amounts payable within one year | 42/48 | €148,221 | €181,086 | +€32,865 | +22.2% |
| Current portion of amounts payable after more than one year | 42 | €31,257 | €32,341 | +€1,083 | +3.5% |
| Financial debts | 43 | - | €1 | +€1 | |
| Credit institutions | 430/8 | - | €1 | +€1 | |
| Trade debts | 44 | €16,089 | €19,097 | +€3,007 | +18.7% |
| Suppliers | 440/4 | €16,089 | €19,097 | +€3,007 | +18.7% |
| Taxes, remuneration and social security | 45 | €48,376 | €65,618 | +€17,242 | +35.6% |
| Taxes | 450/3 | €28,214 | €35,322 | +€7,108 | +25.2% |
| Remuneration and social security | 454/9 | €20,163 | €30,296 | +€10,133 | +50.3% |
| Other amounts payable | 47/48 | €52,498 | €64,029 | +€11,531 | +22.0% |
| Accrued charges and deferred income | 492/3 | €5,548 | €0 | -€5,548 | -100% |
| Remuneration, social security and pensions | 62 | €320,102 | €322,572 | +€2,470 | +0.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,762 | €53,290 | +€4,528 | +9.3% |
| Other operating charges | 640/8 | €4,350 | €5,986 | +€1,636 | +37.6% |
| Non-recurring operating charges | 66A | - | €250 | +€250 | |
| Gross operating margin | 9900 | €500,222 | €517,167 | +€16,945 | +3.4% |
| Operating profit (loss) | 9901 | €127,008 | €135,069 | +€8,061 | +6.3% |
| Financial income | 75/76B | €478 | €247 | -€231 | -48.4% |
| Recurring financial income | 75 | €478 | €247 | -€231 | -48.4% |
| Financial charges | 65/66B | €6,601 | €10,040 | +€3,439 | +52.1% |
| Recurring financial charges | 65 | €6,601 | €10,040 | +€3,439 | +52.1% |
| Profit (loss) for the period before taxes | 9903 | €120,885 | €125,276 | +€4,391 | +3.6% |
| Income taxes | 67/77 | €37,454 | €42,471 | +€5,017 | +13.4% |
| Profit (loss) for the period | 9904 | €83,431 | €82,805 | -€626 | -0.8% |
| Profit (loss) for the period to be appropriated | 9905 | €83,431 | €82,805 | -€626 | -0.8% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.