ELGRO: 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.
ELGRO
Largest movements
- Tangible fixed assets +€43,881
up €43,881 (+20.8%), from €210,870 to €254,751
of which Plant, machinery and equipment: +€46,131
- Cash +€4,535
up €4,535 (+44.8%), from €10,127 to €14,662
mainly Other debts (+€54,370) and Depreciation (+€10,370)
- Other debts +€54,370
up €54,370 (+653.3%), from €8,323 to €62,693
- Profit (loss) carried forward -€4,122
new in 2025: -€4,122
- Gross operating margin -€6,569
down €6,569 (-37.2%), from €17,680 to €11,111
- Depreciation +€3,227
up €3,227 (+45.2%), from €7,142 to €10,370
- Taxes -€1,971
down €1,971 (-100.0%), from €1,971 to €0
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 | €222,491 | €270,767 | +€48,277 | +21.7% |
| Fixed assets | 21/28 | €210,870 | €254,751 | +€43,881 | +20.8% |
| Tangible fixed assets | 22/27 | €210,870 | €254,751 | +€43,881 | +20.8% |
| Land and buildings | 22 | €170,560 | €168,310 | -€2,250 | -1.3% |
| Plant, machinery and equipment | 23 | €40,310 | €86,441 | +€46,131 | +114.4% |
| Current assets | 29/58 | €11,620 | €16,017 | +€4,396 | +37.8% |
| Cash at bank and in hand | 54/58 | €10,127 | €14,662 | +€4,535 | +44.8% |
| Deferred charges and accrued income | 490/1 | €1,494 | €1,354 | -€139 | -9.3% |
| Total equity and liabilities | 10/49 | €222,491 | €270,767 | +€48,277 | +21.7% |
| Equity | 10/15 | €212,197 | €208,075 | -€4,122 | -1.9% |
| Contributions | 10/11 | €80,565 | €80,565 | = | 0.0% |
| Reserves | 13 | €131,631 | €131,631 | = | 0.0% |
| Non-distributable reserves | 130/1 | €8,057 | €8,057 | = | 0.0% |
| Reserves not available under the articles | 1311 | €8,057 | €8,057 | = | 0.0% |
| Distributable reserves | 133 | €123,575 | €123,575 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€4,122 | -€4,122 | |
| Amounts payable | 17/49 | €10,294 | €62,693 | +€52,399 | +509.0% |
| Amounts payable within one year | 42/48 | €10,294 | €62,693 | +€52,399 | +509.0% |
| Taxes, remuneration and social security | 45 | €1,971 | €0 | -€1,971 | -100.0% |
| Taxes | 450/3 | €1,971 | €0 | -€1,971 | -100.0% |
| Other amounts payable | 47/48 | €8,323 | €62,693 | +€54,370 | +653.3% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,142 | €10,370 | +€3,227 | +45.2% |
| Other operating charges | 640/8 | €4,717 | €4,863 | +€147 | +3.1% |
| Gross operating margin | 9900 | €17,680 | €11,111 | -€6,569 | -37.2% |
| Operating profit (loss) | 9901 | €5,821 | -€4,122 | -€9,943 | |
| Financial charges | 65/66B | - | €0 | +€0 | |
| Recurring financial charges | 65 | - | €0 | +€0 | |
| Profit (loss) for the period before taxes | 9903 | €5,821 | -€4,122 | -€9,943 | |
| Income taxes | 67/77 | €1,971 | €0 | -€1,971 | -100.0% |
| Profit (loss) for the period | 9904 | €3,850 | -€4,122 | -€7,972 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,850 | -€4,122 | -€7,972 |
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 28 September 2026 via checked.be.