ELGROS: 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.
ELGROS
Largest movements
- Stocks and contracts +€20,807
up €20,807 (+16.4%), from €126,954 to €147,761
- Cash -€17,470
down €17,470 (-45.9%), from €38,060 to €20,590
mainly Contributions, distributions and other (-€73,492) and Stocks and contracts (-€20,807)
- Tangible fixed assets -€3,038
down €3,038 (-87.4%), from €3,477 to €438
- Other debts +€61,833
up €61,833 (+148%), from €41,670 to €103,503
- Reserves -€58,684
down €58,684 (-90.2%), from €65,044 to €6,360
of which Distributable reserves: -€58,684
- Tax, wage and social debts -€6,926
down €6,926 (-19.8%), from €34,949 to €28,022
of which Taxes: -€7,438
- Trade debts +€5,362
up €5,362 (+33.0%), from €16,231 to €21,593
- Gross operating margin -€6,441
down €6,441 (-6.5%), from €99,293 to €92,853
- Taxes -€2,280
down €2,280 (-21.4%), from €10,632 to €8,352
- Depreciation -€2,208
down €2,208 (-42.1%), from €5,246 to €3,038
- Staff costs +€2,077
up €2,077 (+3.1%), from €67,836 to €69,913
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 | €179,276 | €180,860 | +€1,584 | +0.9% |
| Fixed assets | 21/28 | €3,477 | €438 | -€3,038 | -87.4% |
| Tangible fixed assets | 22/27 | €3,477 | €438 | -€3,038 | -87.4% |
| Furniture and vehicles | 24 | €3,477 | €438 | -€3,038 | -87.4% |
| Current assets | 29/58 | €175,799 | €180,422 | +€4,623 | +2.6% |
| Stocks and contracts in progress | 3 | €126,954 | €147,761 | +€20,807 | +16.4% |
| Stocks | 30/36 | €126,954 | €147,761 | +€20,807 | +16.4% |
| Amounts receivable within one year | 40/41 | €7,810 | €8,401 | +€591 | +7.6% |
| Trade receivables | 40 | €7,810 | €8,401 | +€591 | +7.6% |
| Cash at bank and in hand | 54/58 | €38,060 | €20,590 | -€17,470 | -45.9% |
| Deferred charges and accrued income | 490/1 | €2,974 | €3,669 | +€695 | +23.4% |
| Total equity and liabilities | 10/49 | €179,276 | €180,860 | +€1,584 | +0.9% |
| Equity | 10/15 | €83,644 | €24,960 | -€58,684 | -70.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €65,044 | €6,360 | -€58,684 | -90.2% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €4,500 | €4,500 | = | 0.0% |
| Distributable reserves | 133 | €58,684 | - | -€58,684 | |
| Amounts payable | 17/49 | €95,632 | €155,900 | +€60,268 | +63.0% |
| Amounts payable within one year | 42/48 | €92,850 | €153,119 | +€60,268 | +64.9% |
| Trade debts | 44 | €16,231 | €21,593 | +€5,362 | +33.0% |
| Suppliers | 440/4 | €16,231 | €21,593 | +€5,362 | +33.0% |
| Taxes, remuneration and social security | 45 | €34,949 | €28,022 | -€6,926 | -19.8% |
| Taxes | 450/3 | €25,351 | €17,913 | -€7,438 | -29.3% |
| Remuneration and social security | 454/9 | €9,598 | €10,110 | +€512 | +5.3% |
| Other amounts payable | 47/48 | €41,670 | €103,503 | +€61,833 | +148% |
| Accrued charges and deferred income | 492/3 | €2,781 | €2,781 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €67,836 | €69,913 | +€2,077 | +3.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,246 | €3,038 | -€2,208 | -42.1% |
| Other operating charges | 640/8 | €1,620 | €2,117 | +€497 | +30.7% |
| Gross operating margin | 9900 | €99,293 | €92,853 | -€6,441 | -6.5% |
| Operating profit (loss) | 9901 | €24,591 | €17,784 | -€6,807 | -27.7% |
| Financial income | 75/76B | €5,263 | €5,539 | +€276 | +5.2% |
| Recurring financial income | 75 | €5,263 | €5,539 | +€276 | +5.2% |
| Financial charges | 65/66B | €220 | €162 | -€58 | -26.3% |
| Recurring financial charges | 65 | €220 | €162 | -€58 | -26.3% |
| Profit (loss) for the period before taxes | 9903 | €29,634 | €23,160 | -€6,474 | -21.8% |
| Income taxes | 67/77 | €10,632 | €8,352 | -€2,280 | -21.4% |
| Profit (loss) for the period | 9904 | €19,002 | €14,808 | -€4,193 | -22.1% |
| Profit (loss) for the period to be appropriated | 9905 | €19,002 | €14,808 | -€4,193 | -22.1% |
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 29 October 2026 via checked.be.