ELI BOUW: 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.
ELI BOUW
Largest movements
- Receivables within one year -€177,384
down €177,384 (-49.6%), from €357,849 to €180,465
of which Trade receivables: -€147,500
- Trade debts -€239,324
down €239,324 (-81.2%), from €294,615 to €55,291
- Profit (loss) carried forward +€29,439
up €29,439 (+64.4%), from €45,708 to €75,148
- Accrued charges and deferred income +€20,000
new in 2025: €20,000
- Tax, wage and social debts +€16,368
up €16,368 (+59.1%), from €27,707 to €44,076
of which Taxes: +€15,193
- Purchases and services +€634,652
up €634,652 (+142.0%), from €446,873 to €1.1m
- Gross operating margin -€14,542
down €14,542 (-23.5%), from €61,948 to €47,406
- Other operating charges +€1,791
new in 2025: €1,791
- Depreciation +€849
new in 2025: €849
- Taxes -€804
down €804 (-5.0%), from €15,997 to €15,193
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 | €374,685 | €199,514 | -€175,171 | -46.8% |
| Fixed assets | 21/28 | - | €1,620 | +€1,620 | |
| Tangible fixed assets | 22/27 | - | €1,620 | +€1,620 | |
| Furniture and vehicles | 24 | - | €1,620 | +€1,620 | |
| Current assets | 29/58 | €374,685 | €197,894 | -€176,791 | -47.2% |
| Amounts receivable within one year | 40/41 | €357,849 | €180,465 | -€177,384 | -49.6% |
| Trade receivables | 40 | €311,378 | €163,878 | -€147,500 | -47.4% |
| Other amounts receivable | 41 | €46,470 | €16,587 | -€29,883 | -64.3% |
| Cash at bank and in hand | 54/58 | €16,836 | €17,428 | +€592 | +3.5% |
| Total equity and liabilities | 10/49 | €374,685 | €199,514 | -€175,171 | -46.8% |
| Equity | 10/15 | €47,708 | €77,148 | +€29,439 | +61.7% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €45,708 | €75,148 | +€29,439 | +64.4% |
| Amounts payable | 17/49 | €326,977 | €122,367 | -€204,610 | -62.6% |
| Amounts payable within one year | 42/48 | €326,977 | €102,367 | -€224,610 | -68.7% |
| Trade debts | 44 | €294,615 | €55,291 | -€239,324 | -81.2% |
| Suppliers | 440/4 | €294,615 | €55,291 | -€239,324 | -81.2% |
| Taxes, remuneration and social security | 45 | €27,707 | €44,076 | +€16,368 | +59.1% |
| Taxes | 450/3 | €15,997 | €31,191 | +€15,193 | +95.0% |
| Remuneration and social security | 454/9 | €11,710 | €12,885 | +€1,175 | +10.0% |
| Other amounts payable | 47/48 | €4,654 | €3,000 | -€1,654 | -35.5% |
| Accrued charges and deferred income | 492/3 | - | €20,000 | +€20,000 | |
| Goods, raw materials, services and sundry goods | 60/61 | €446,873 | €1,081,526 | +€634,652 | +142.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €849 | +€849 | |
| Other operating charges | 640/8 | - | €1,791 | +€1,791 | |
| Gross operating margin | 9900 | €61,948 | €47,406 | -€14,542 | -23.5% |
| Operating profit (loss) | 9901 | €61,948 | €44,765 | -€17,182 | -27.7% |
| Financial charges | 65/66B | €62 | €133 | +€71 | +114.7% |
| Recurring financial charges | 65 | €62 | €133 | +€71 | +114.7% |
| Profit (loss) for the period before taxes | 9903 | €61,886 | €44,633 | -€17,253 | -27.9% |
| Transfer to deferred taxes | 680 | €180 | - | -€180 | |
| Income taxes | 67/77 | €15,997 | €15,193 | -€804 | -5.0% |
| Profit (loss) for the period | 9904 | €45,708 | €29,439 | -€16,269 | -35.6% |
| Profit (loss) for the period to be appropriated | 9905 | €45,708 | €29,439 | -€16,269 | -35.6% |
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.