Elfranroax: 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.
Elfranroax
Largest movements
- Tangible fixed assets -€98,198
down €98,198 (-5.2%), from €1.9m to €1.8m
of which Land and buildings: -€98,639
- Cash +€70,677
up €70,677 (+142.5%), from €49,607 to €120,283
mainly Depreciation (+€99,445) and Other debts (+€15,808)
- Debts after one year -€38,973
down €38,973 (-4.9%), from €792,525 to €753,552
- Staff costs +€15,756
up €15,756 (+22.6%), from €69,650 to €85,406
- Taxes -€4,820
down €4,820 (-59.7%), from €8,080 to €3,260
- Gross operating margin -€3,551
down €3,551 (-1.4%), from €245,745 to €242,194
- Financial charges -€2,931
down €2,931 (-5.0%), from €58,850 to €55,919
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 | €2,026,488 | €1,986,807 | -€39,682 | -2.0% |
| Fixed assets | 21/28 | €1,893,440 | €1,795,242 | -€98,198 | -5.2% |
| Tangible fixed assets | 22/27 | €1,893,440 | €1,795,242 | -€98,198 | -5.2% |
| Land and buildings | 22 | €1,891,190 | €1,792,551 | -€98,639 | -5.2% |
| Plant, machinery and equipment | 23 | €2,249 | €2,690 | +€441 | +19.6% |
| Current assets | 29/58 | €133,049 | €191,565 | +€58,516 | +44.0% |
| Amounts receivable within one year | 40/41 | €70,117 | €61,956 | -€8,161 | -11.6% |
| Trade receivables | 40 | €68,195 | €53,888 | -€14,308 | -21.0% |
| Other amounts receivable | 41 | €1,921 | €8,069 | +€6,147 | +319.9% |
| Cash at bank and in hand | 54/58 | €49,607 | €120,283 | +€70,677 | +142.5% |
| Deferred charges and accrued income | 490/1 | €13,325 | €9,325 | -€4,000 | -30.0% |
| Total equity and liabilities | 10/49 | €2,026,488 | €1,986,807 | -€39,682 | -2.0% |
| Equity | 10/15 | €836,943 | €828,803 | -€8,140 | -1.0% |
| Contributions | 10/11 | €552,958 | €552,958 | = | 0.0% |
| Reserves | 13 | €283,985 | €275,845 | -€8,140 | -2.9% |
| Distributable reserves | 133 | €283,985 | €275,845 | -€8,140 | -2.9% |
| Amounts payable | 17/49 | €1,189,545 | €1,158,003 | -€31,542 | -2.7% |
| Amounts payable after more than one year | 17 | €792,525 | €753,552 | -€38,973 | -4.9% |
| Financial debts | 170/4 | €792,525 | €753,552 | -€38,973 | -4.9% |
| Amounts payable within one year | 42/48 | €329,351 | €332,413 | +€3,062 | +0.9% |
| Current portion of amounts payable after more than one year | 42 | €56,905 | €41,105 | -€15,800 | -27.8% |
| Trade debts | 44 | €1,053 | €1,135 | +€82 | +7.8% |
| Suppliers | 440/4 | €1,053 | €1,135 | +€82 | +7.8% |
| Taxes, remuneration and social security | 45 | €10,558 | €13,529 | +€2,971 | +28.1% |
| Taxes | 450/3 | €794 | €824 | +€31 | +3.9% |
| Remuneration and social security | 454/9 | €9,765 | €12,705 | +€2,940 | +30.1% |
| Other amounts payable | 47/48 | €260,835 | €276,643 | +€15,808 | +6.1% |
| Accrued charges and deferred income | 492/3 | €67,670 | €72,039 | +€4,369 | +6.5% |
| Remuneration, social security and pensions | 62 | €69,650 | €85,406 | +€15,756 | +22.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €99,415 | €99,445 | +€30 | 0.0% |
| Other operating charges | 640/8 | €6,536 | €6,620 | +€83 | +1.3% |
| Gross operating margin | 9900 | €245,745 | €242,194 | -€3,551 | -1.4% |
| Operating profit (loss) | 9901 | €70,143 | €50,723 | -€19,420 | -27.7% |
| Financial income | 75/76B | €203 | €316 | +€113 | +55.4% |
| Recurring financial income | 75 | €203 | €316 | +€113 | +55.4% |
| Financial charges | 65/66B | €58,850 | €55,919 | -€2,931 | -5.0% |
| Recurring financial charges | 65 | €58,850 | €55,919 | -€2,931 | -5.0% |
| Profit (loss) for the period before taxes | 9903 | €11,497 | -€4,880 | -€16,377 | |
| Income taxes | 67/77 | €8,080 | €3,260 | -€4,820 | -59.7% |
| Profit (loss) for the period | 9904 | €3,416 | -€8,140 | -€11,556 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,416 | -€8,140 | -€11,556 |
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 9 October 2026 via checked.be.