Elfri.be: what changed
Two fiscal 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.
Elfri.be
Largest movements
- Cash +€128,142
up €128,142 (+33.4%), from €383,433 to €511,575
mainly Other debts (+€223,078) and Net result for the year (+€154,930)
- Other debts +€223,078
up €223,078 (+577.0%), from €38,663 to €261,741
- Reserves -€106,811
down €106,811 (-19.3%), from €554,425 to €447,614
- Staff costs -€41,098
down €41,098 (-69.6%), from €59,084 to €17,986
- Taxes +€19,023
up €19,023 (+34.4%), from €55,373 to €74,396
- Gross operating margin +€17,076
up €17,076 (+7.4%), from €230,620 to €247,696
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 | €650,224 | €772,919 | +€122,694 | +18.9% |
| Fixed assets | 21/28 | €36,196 | €29,347 | -€6,848 | -18.9% |
| Tangible fixed assets | 22/27 | €36,196 | €29,347 | -€6,848 | -18.9% |
| Land and buildings | 22 | €14,024 | €11,135 | -€2,889 | -20.6% |
| Furniture and vehicles | 24 | €22,171 | €18,212 | -€3,959 | -17.9% |
| Current assets | 29/58 | €614,029 | €743,571 | +€129,542 | +21.1% |
| Amounts receivable within one year | 40/41 | €219,592 | €221,074 | +€1,482 | +0.7% |
| Trade receivables | 40 | €21,279 | €19,916 | -€1,363 | -6.4% |
| Other amounts receivable | 41 | €198,312 | €201,157 | +€2,845 | +1.4% |
| Cash at bank and in hand | 54/58 | €383,433 | €511,575 | +€128,142 | +33.4% |
| Deferred charges and accrued income | 490/1 | €11,004 | €10,923 | -€81 | -0.7% |
| Total equity and liabilities | 10/49 | €650,224 | €772,919 | +€122,694 | +18.9% |
| Equity | 10/15 | €566,833 | €460,022 | -€106,811 | -18.8% |
| Contributions | 10/11 | €12,408 | €12,408 | = | 0.0% |
| Reserves | 13 | €554,425 | €447,614 | -€106,811 | -19.3% |
| Distributable reserves | 133 | €554,425 | €447,614 | -€106,811 | -19.3% |
| Amounts payable | 17/49 | €83,391 | €312,896 | +€229,505 | +275.2% |
| Amounts payable within one year | 42/48 | €81,616 | €312,896 | +€231,280 | +283.4% |
| Trade debts | 44 | €4,827 | €7,441 | +€2,614 | +54.2% |
| Suppliers | 440/4 | €4,827 | €7,441 | +€2,614 | +54.2% |
| Advances received on contracts in progress | 46 | €1,287 | €1,884 | +€597 | +46.4% |
| Taxes, remuneration and social security | 45 | €36,840 | €41,831 | +€4,991 | +13.5% |
| Taxes | 450/3 | €29,591 | €41,831 | +€12,240 | +41.4% |
| Remuneration and social security | 454/9 | €7,249 | - | -€7,249 | |
| Other amounts payable | 47/48 | €38,663 | €261,741 | +€223,078 | +577.0% |
| Accrued charges and deferred income | 492/3 | €1,775 | - | -€1,775 | |
| Remuneration, social security and pensions | 62 | €59,084 | €17,986 | -€41,098 | -69.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,392 | €10,642 | -€750 | -6.6% |
| Other operating charges | 640/8 | €2,038 | €2,231 | +€193 | +9.5% |
| Gross operating margin | 9900 | €230,620 | €247,696 | +€17,076 | +7.4% |
| Operating profit (loss) | 9901 | €158,107 | €216,837 | +€58,730 | +37.1% |
| Financial income | 75/76B | €12,738 | €13,461 | +€722 | +5.7% |
| Recurring financial income | 75 | €12,738 | €13,461 | +€722 | +5.7% |
| Financial charges | 65/66B | €528 | €972 | +€443 | +83.9% |
| Recurring financial charges | 65 | €528 | €972 | +€443 | +83.9% |
| Profit (loss) for the period before taxes | 9903 | €170,317 | €229,326 | +€59,009 | +34.6% |
| Income taxes | 67/77 | €55,373 | €74,396 | +€19,023 | +34.4% |
| Profit (loss) for the period | 9904 | €114,944 | €154,930 | +€39,986 | +34.8% |
| Profit (loss) for the period to be appropriated | 9905 | €114,944 | €154,930 | +€39,986 | +34.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.