ELGRO: 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.
ELGRO
Largest movements
- Cash -€54,808
down €54,808 (-5.6%), from €970,199 to €915,392
mainly Contributions, distributions and other (-€249,719) and Trade debts (-€45,650)
- Stocks and contracts +€40,479
up €40,479 (+7.8%), from €519,987 to €560,466
- Tangible fixed assets -€32,461
down €32,461 (-18.7%), from €173,238 to €140,777
of which Furniture and vehicles: -€24,059
- Trade debts -€45,650
down €45,650 (-35.2%), from €129,694 to €84,044
- Tax, wage and social debts +€26,123
up €26,123 (+69.6%), from €37,515 to €63,638
of which Remuneration and social security: +€17,438
- Reserves -€21,625
down €21,625 (-1.5%), from €1.4m to €1.4m
of which Distributable reserves: -€21,625
- Gross operating margin -€29,084
down €29,084 (-4.6%), from €630,474 to €601,390
- Write-downs -€15,199
down €15,199, from €14,920 to -€279
- Depreciation +€12,137
up €12,137 (+40.2%), from €30,181 to €42,318
- Taxes -€11,928
down €11,928 (-10.4%), from €114,855 to €102,926
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.
Derived cash bridge
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 | €1,883,199 | €1,842,767 | -€40,432 | -2.1% |
| Fixed assets | 21/28 | €173,238 | €140,777 | -€32,461 | -18.7% |
| Tangible fixed assets | 22/27 | €173,238 | €140,777 | -€32,461 | -18.7% |
| Plant, machinery and equipment | 23 | €8,499 | €3,397 | -€5,102 | -60.0% |
| Furniture and vehicles | 24 | €91,411 | €67,352 | -€24,059 | -26.3% |
| Other tangible fixed assets | 26 | €73,328 | €70,028 | -€3,300 | -4.5% |
| Current assets | 29/58 | €1,709,961 | €1,701,990 | -€7,972 | -0.5% |
| Stocks and contracts in progress | 3 | €519,987 | €560,466 | +€40,479 | +7.8% |
| Stocks | 30/36 | €519,987 | €560,466 | +€40,479 | +7.8% |
| Amounts receivable within one year | 40/41 | €212,864 | €217,760 | +€4,895 | +2.3% |
| Trade receivables | 40 | €200,983 | €208,021 | +€7,038 | +3.5% |
| Other amounts receivable | 41 | €11,881 | €9,738 | -€2,143 | -18.0% |
| Cash at bank and in hand | 54/58 | €970,199 | €915,392 | -€54,808 | -5.6% |
| Deferred charges and accrued income | 490/1 | €6,911 | €8,372 | +€1,462 | +21.2% |
| Total equity and liabilities | 10/49 | €1,883,199 | €1,842,767 | -€40,432 | -2.1% |
| Equity | 10/15 | €1,454,347 | €1,432,722 | -€21,625 | -1.5% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €1,434,347 | €1,412,722 | -€21,625 | -1.5% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €1,434,347 | €1,412,722 | -€21,625 | -1.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €428,852 | €410,045 | -€18,807 | -4.4% |
| Amounts payable within one year | 42/48 | €428,852 | €410,045 | -€18,807 | -4.4% |
| Trade debts | 44 | €129,694 | €84,044 | -€45,650 | -35.2% |
| Suppliers | 440/4 | €129,694 | €84,044 | -€45,650 | -35.2% |
| Taxes, remuneration and social security | 45 | €37,515 | €63,638 | +€26,123 | +69.6% |
| Taxes | 450/3 | €11,619 | €20,304 | +€8,685 | +74.7% |
| Remuneration and social security | 454/9 | €25,896 | €43,334 | +€17,438 | +67.3% |
| Other amounts payable | 47/48 | €261,642 | €262,363 | +€721 | +0.3% |
| Remuneration, social security and pensions | 62 | €252,397 | €257,638 | +€5,241 | +2.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,181 | €42,318 | +€12,137 | +40.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €14,920 | -€279 | -€15,199 | |
| Other operating charges | 640/8 | €9,397 | €11,703 | +€2,306 | +24.5% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €630,474 | €601,390 | -€29,084 | -4.6% |
| Operating profit (loss) | 9901 | €323,579 | €290,010 | -€33,569 | -10.4% |
| Financial income | 75/76B | €47,370 | €44,578 | -€2,792 | -5.9% |
| Recurring financial income | 75 | €47,370 | €44,578 | -€2,792 | -5.9% |
| Financial charges | 65/66B | €4,117 | €3,568 | -€549 | -13.3% |
| Recurring financial charges | 65 | €4,117 | €3,568 | -€549 | -13.3% |
| Profit (loss) for the period before taxes | 9903 | €366,832 | €331,020 | -€35,812 | -9.8% |
| Income taxes | 67/77 | €114,855 | €102,926 | -€11,928 | -10.4% |
| Profit (loss) for the period | 9904 | €251,978 | €228,094 | -€23,884 | -9.5% |
| Profit (loss) for the period to be appropriated | 9905 | €251,978 | €228,094 | -€23,884 | -9.5% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.