ELFERTAS CO: what changed
ELFERTAS CO
Largest movements
- Cash -€22,428
down €22,428 (-16.7%), from €134,329 to €111,901
mainly Contributions, distributions and other (-€45,000) and Other debts (-€31,100)
- Receivables within one year +€13,627
up €13,627 (+74.9%), from €18,186 to €31,812
of which Trade receivables: +€13,624
- Tangible fixed assets -€8,142
down €8,142 (-2.9%), from €277,431 to €269,288
of which Land and buildings: -€6,638
- Profit (loss) carried forward +€54,347
up €54,347 (+83.6%), from €65,000 to €119,347
- Other debts -€31,100
down €31,100 (-32.7%), from €95,107 to €64,007
- Provisions -€25,391
no longer reported in 2025 (was €25,391)
- Debts after one year -€12,576
down €12,576 (-6.0%), from €210,815 to €198,239
- Provisions -€50,781
down €50,781, from €25,391 to -€25,391
- Gross operating margin +€11,090
up €11,090 (+9.1%), from €122,453 to €133,542
- Financial charges -€8,830
down €8,830 (-23.9%), from €36,934 to €28,104
- Taxes +€3,538
up €3,538 (+20.5%), from €17,224 to €20,762
- Depreciation +€1,999
up €1,999 (+20.8%), from €9,599 to €11,597
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €433,649 | €414,062 | -€19,587 | -4.5% |
| Fixed assets | 21/28 | €277,431 | €269,288 | -€8,142 | -2.9% |
| Tangible fixed assets | 22/27 | €277,431 | €269,288 | -€8,142 | -2.9% |
| Land and buildings | 22 | €260,410 | €253,773 | -€6,638 | -2.5% |
| Furniture and vehicles | 24 | €4,721 | €3,686 | -€1,035 | -21.9% |
| Other tangible fixed assets | 26 | €12,299 | €11,829 | -€470 | -3.8% |
| Assets under construction and advance payments | 27 | €0 | - | = | |
| Current assets | 29/58 | €156,218 | €144,774 | -€11,445 | -7.3% |
| Amounts receivable within one year | 40/41 | €18,186 | €31,812 | +€13,627 | +74.9% |
| Trade receivables | 40 | €18,186 | €31,810 | +€13,624 | +74.9% |
| Other amounts receivable | 41 | - | €3 | +€3 | |
| Cash at bank and in hand | 54/58 | €134,329 | €111,901 | -€22,428 | -16.7% |
| Deferred charges and accrued income | 490/1 | €3,704 | €1,060 | -€2,644 | -71.4% |
| Total equity and liabilities | 10/49 | €433,649 | €414,062 | -€19,587 | -4.5% |
| Equity | 10/15 | €67,500 | €121,847 | +€54,347 | +80.5% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €65,000 | €119,347 | +€54,347 | +83.6% |
| Provisions and deferred taxes | 16 | €25,391 | - | -€25,391 | |
| Provisions for liabilities and charges | 160/5 | €25,391 | - | -€25,391 | |
| Other liabilities and charges | 164/5 | €25,391 | - | -€25,391 | |
| Amounts payable | 17/49 | €340,758 | €292,215 | -€48,543 | -14.2% |
| Amounts payable after more than one year | 17 | €210,815 | €198,239 | -€12,576 | -6.0% |
| Financial debts | 170/4 | €210,815 | €198,239 | -€12,576 | -6.0% |
| Amounts payable within one year | 42/48 | €129,928 | €93,977 | -€35,952 | -27.7% |
| Current portion of amounts payable after more than one year | 42 | €13,104 | €13,356 | +€252 | +1.9% |
| Trade debts | 44 | €3,512 | €1,893 | -€1,619 | -46.1% |
| Suppliers | 440/4 | €3,512 | €1,893 | -€1,619 | -46.1% |
| Taxes, remuneration and social security | 45 | €18,205 | €14,721 | -€3,484 | -19.1% |
| Taxes | 450/3 | €18,205 | €14,721 | -€3,484 | -19.1% |
| Other amounts payable | 47/48 | €95,107 | €64,007 | -€31,100 | -32.7% |
| Accrued charges and deferred income | 492/3 | €15 | - | -€15 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,599 | €11,597 | +€1,999 | +20.8% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €25,391 | -€25,391 | -€50,781 | |
| Other operating charges | 640/8 | €926 | - | -€926 | |
| Gross operating margin | 9900 | €122,453 | €133,542 | +€11,090 | +9.1% |
| Operating profit (loss) | 9901 | €86,537 | €147,336 | +€60,798 | +70.3% |
| Financial income | 75/76B | €912 | €878 | -€35 | -3.8% |
| Recurring financial income | 75 | €912 | €878 | -€35 | -3.8% |
| Financial charges | 65/66B | €36,934 | €28,104 | -€8,830 | -23.9% |
| Recurring financial charges | 65 | €36,934 | €28,104 | -€8,830 | -23.9% |
| Profit (loss) for the period before taxes | 9903 | €50,515 | €120,109 | +€69,594 | +138% |
| Income taxes | 67/77 | €17,224 | €20,762 | +€3,538 | +20.5% |
| Profit (loss) for the period | 9904 | €33,291 | €99,347 | +€66,056 | +198% |
| Profit (loss) for the period to be appropriated | 9905 | €33,291 | €99,347 | +€66,056 | +198% |
Next steps
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 2 November 2026 via checked.be.