ELG Engineers: 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.
ELG Engineers
Largest movements
- Receivables within one year -€30,538
down €30,538 (-64.1%), from €47,669 to €17,131
of which Trade receivables: -€26,659
- Cash +€3,993
up €3,993 (+2621.4%), from €152 to €4,146
mainly Receivables within one year (+€30,538) and Net result for the year (+€18,127)
- Tangible fixed assets -€3,451
down €3,451 (-1.2%), from €285,322 to €281,871
of which Land and buildings: -€8,783
- Trade debts -€26,491
down €26,491 (-68.9%), from €38,426 to €11,935
- Other debts -€10,682
down €10,682 (-14.8%), from €72,251 to €61,569
- Profit (loss) carried forward +€9,552
up €9,552, from -€9,552 to €0
- Debts after one year -€9,148
down €9,148 (-4.4%), from €205,835 to €196,687
- Reserves +€8,576
new in 2025: €8,576
- Gross operating margin +€23,857
up €23,857 (+108.0%), from €22,080 to €45,938
- Taxes +€4,346
up €4,346 (+3395.0%), from €128 to €4,474
- Other operating charges +€1,300
up €1,300 (+186.0%), from €699 to €1,998
- Financial charges -€817
down €817 (-6.7%), from €12,122 to €11,305
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 | €334,799 | €307,090 | -€27,708 | -8.3% |
| Fixed assets | 21/28 | €286,422 | €282,971 | -€3,451 | -1.2% |
| Tangible fixed assets | 22/27 | €285,322 | €281,871 | -€3,451 | -1.2% |
| Land and buildings | 22 | €285,322 | €276,539 | -€8,783 | -3.1% |
| Furniture and vehicles | 24 | €0 | €5,332 | +€5,332 | |
| Financial fixed assets | 28 | €1,100 | €1,100 | = | 0.0% |
| Current assets | 29/58 | €48,376 | €24,119 | -€24,257 | -50.1% |
| Amounts receivable within one year | 40/41 | €47,669 | €17,131 | -€30,538 | -64.1% |
| Trade receivables | 40 | €42,918 | €16,259 | -€26,659 | -62.1% |
| Other amounts receivable | 41 | €4,751 | €872 | -€3,879 | -81.6% |
| Cash at bank and in hand | 54/58 | €152 | €4,146 | +€3,993 | +2621.4% |
| Deferred charges and accrued income | 490/1 | €555 | €2,842 | +€2,287 | +412.1% |
| Total equity and liabilities | 10/49 | €334,799 | €307,090 | -€27,708 | -8.3% |
| Equity | 10/15 | -€6,052 | €12,076 | +€18,127 | |
| Contributions | 10/11 | €3,500 | €3,500 | = | 0.0% |
| Reserves | 13 | - | €8,576 | +€8,576 | |
| Distributable reserves | 133 | - | €8,576 | +€8,576 | |
| Profit (loss) carried forward | 14 | -€9,552 | €0 | +€9,552 | |
| Amounts payable | 17/49 | €340,850 | €295,015 | -€45,836 | -13.4% |
| Amounts payable after more than one year | 17 | €205,835 | €196,687 | -€9,148 | -4.4% |
| Financial debts | 170/4 | €205,835 | €196,687 | -€9,148 | -4.4% |
| Amounts payable within one year | 42/48 | €135,016 | €97,776 | -€37,240 | -27.6% |
| Current portion of amounts payable after more than one year | 42 | €11,227 | €14,548 | +€3,321 | +29.6% |
| Financial debts | 43 | €5,479 | €1,042 | -€4,437 | -81.0% |
| Credit institutions | 430/8 | €5,479 | €1,042 | -€4,437 | -81.0% |
| Trade debts | 44 | €38,426 | €11,935 | -€26,491 | -68.9% |
| Suppliers | 440/4 | €38,426 | €11,935 | -€26,491 | -68.9% |
| Taxes, remuneration and social security | 45 | €7,634 | €8,683 | +€1,049 | +13.7% |
| Taxes | 450/3 | €4,986 | €6,018 | +€1,033 | +20.7% |
| Remuneration and social security | 454/9 | €2,648 | €2,665 | +€16 | +0.6% |
| Other amounts payable | 47/48 | €72,251 | €61,569 | -€10,682 | -14.8% |
| Accrued charges and deferred income | 492/3 | €0 | €552 | +€552 | |
| Non-recurring operating income | 76A | - | €191 | +€191 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,640 | €8,867 | +€228 | +2.6% |
| Other operating charges | 640/8 | €699 | €1,998 | +€1,300 | +186.0% |
| Non-recurring operating charges | 66A | - | €1,171 | +€1,171 | |
| Gross operating margin | 9900 | €22,080 | €45,938 | +€23,857 | +108.0% |
| Operating profit (loss) | 9901 | €12,742 | €33,902 | +€21,160 | +166.1% |
| Financial income | 75/76B | €30 | €4 | -€26 | -86.1% |
| Recurring financial income | 75 | €30 | €4 | -€26 | -86.1% |
| Financial charges | 65/66B | €12,122 | €11,305 | -€817 | -6.7% |
| Recurring financial charges | 65 | €12,122 | €11,305 | -€817 | -6.7% |
| Profit (loss) for the period before taxes | 9903 | €650 | €22,601 | +€21,951 | +3375.4% |
| Income taxes | 67/77 | €128 | €4,474 | +€4,346 | +3395.0% |
| Profit (loss) for the period | 9904 | €522 | €18,127 | +€17,605 | +3370.6% |
| Profit (loss) for the period to be appropriated | 9905 | €522 | €18,127 | +€17,605 | +3370.6% |
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 4 October 2026 via checked.be.