ELGE: 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.
ELGE
Largest movements
- Tangible fixed assets +€32,179
up €32,179 (+55.0%), from €58,488 to €90,667
of which Furniture and vehicles: +€44,454
- Cash +€18,902
up €18,902 (+24.0%), from €78,652 to €97,554
mainly Debts after one year (+€39,257) and Depreciation (+€28,383)
- Receivables within one year +€10,502
up €10,502 (+99.9%), from €10,514 to €21,016
of which Trade receivables: +€7,898
- Stocks and contracts +€8,691
up €8,691 (+31.1%), from €27,912 to €36,603
- Deferred charges and accrued income -€3,041
no longer reported in 2025 (was €3,041)
- Debts after one year +€39,257
new in 2025: €39,257
- Profit (loss) carried forward +€17,434
up €17,434 (+12.7%), from €137,064 to €154,498
- Current portion of long-term debt +€8,494
up €8,494 (+500.7%), from €1,696 to €10,190
- Turnover -€156,010
no longer reported in 2025 (was €156,010)
- Purchases and services -€126,696
no longer reported in 2025 (was €126,696)
- Gross operating margin +€43,784
up €43,784 (+147.7%), from €29,652 to €73,436
- Staff costs +€10,624
up €10,624 (+68.5%), from €15,519 to €26,143
- Depreciation +€2,651
up €2,651 (+10.3%), from €25,733 to €28,383
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 | €178,657 | €245,890 | +€67,234 | +37.6% |
| Fixed assets | 21/28 | €58,538 | €90,717 | +€32,179 | +55.0% |
| Tangible fixed assets | 22/27 | €58,488 | €90,667 | +€32,179 | +55.0% |
| Land and buildings | 22 | €20,924 | €18,472 | -€2,452 | -11.7% |
| Plant, machinery and equipment | 23 | €24,430 | €14,606 | -€9,823 | -40.2% |
| Furniture and vehicles | 24 | €13,135 | €57,589 | +€44,454 | +338.4% |
| Leasing and similar rights | 25 | €0 | - | = | |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €120,119 | €155,174 | +€35,055 | +29.2% |
| Stocks and contracts in progress | 3 | €27,912 | €36,603 | +€8,691 | +31.1% |
| Stocks | 30/36 | €27,912 | €36,603 | +€8,691 | +31.1% |
| Amounts receivable within one year | 40/41 | €10,514 | €21,016 | +€10,502 | +99.9% |
| Trade receivables | 40 | €10,118 | €18,016 | +€7,898 | +78.1% |
| Other amounts receivable | 41 | €396 | €3,000 | +€2,604 | +657.5% |
| Cash at bank and in hand | 54/58 | €78,652 | €97,554 | +€18,902 | +24.0% |
| Deferred charges and accrued income | 490/1 | €3,041 | - | -€3,041 | |
| Total equity and liabilities | 10/49 | €178,657 | €245,890 | +€67,234 | +37.6% |
| Equity | 10/15 | €157,515 | €174,949 | +€17,434 | +11.1% |
| Contributions | 10/11 | €20,451 | €20,451 | = | 0.0% |
| Profit (loss) carried forward | 14 | €137,064 | €154,498 | +€17,434 | +12.7% |
| Amounts payable | 17/49 | €21,142 | €70,942 | +€49,800 | +235.6% |
| Amounts payable after more than one year | 17 | - | €39,257 | +€39,257 | |
| Financial debts | 170/4 | - | €39,257 | +€39,257 | |
| Amounts payable within one year | 42/48 | €21,142 | €31,684 | +€10,542 | +49.9% |
| Current portion of amounts payable after more than one year | 42 | €1,696 | €10,190 | +€8,494 | +500.7% |
| Trade debts | 44 | €819 | €1,067 | +€248 | +30.3% |
| Suppliers | 440/4 | €819 | €1,067 | +€248 | +30.3% |
| Taxes, remuneration and social security | 45 | €3,745 | €6,024 | +€2,279 | +60.9% |
| Taxes | 450/3 | €0 | €945 | +€945 | |
| Remuneration and social security | 454/9 | €3,745 | €5,079 | +€1,334 | +35.6% |
| Other amounts payable | 47/48 | €14,882 | €14,403 | -€479 | -3.2% |
| Turnover | 70 | €156,010 | - | -€156,010 | |
| Goods, raw materials, services and sundry goods | 60/61 | €126,696 | - | -€126,696 | |
| Remuneration, social security and pensions | 62 | €15,519 | €26,143 | +€10,624 | +68.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,733 | €28,383 | +€2,651 | +10.3% |
| Other operating charges | 640/8 | €579 | €714 | +€135 | +23.3% |
| Non-recurring operating charges | 66A | €803 | - | -€803 | |
| Gross operating margin | 9900 | €29,652 | €73,436 | +€43,784 | +147.7% |
| Operating profit (loss) | 9901 | -€12,981 | €18,195 | +€31,176 | |
| Financial charges | 65/66B | €184 | €762 | +€578 | +315.0% |
| Recurring financial charges | 65 | €184 | €762 | +€578 | +315.0% |
| Profit (loss) for the period before taxes | 9903 | -€13,164 | €17,434 | +€30,598 | |
| Profit (loss) for the period | 9904 | -€13,164 | €17,434 | +€30,598 | |
| Profit (loss) for the period to be appropriated | 9905 | -€13,164 | €17,434 | +€30,598 |
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 12 October 2026 via checked.be.