ELPERS IMMO: 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.
ELPERS IMMO
Largest movements
- Tangible fixed assets +€883,833
up €883,833 (+70.2%), from €1.3m to €2.1m
- Receivables within one year +€54,767
up €54,767 (+417%), from €13,142 to €67,909
of which Trade receivables: +€56,112
- Cash -€26,547
down €26,547 (-38.3%), from €69,229 to €42,682
mainly Investment in fixed assets (net) (-€1.1m) and Receivables within one year (-€54,767)
- Debts after one year +€794,796
up €794,796 (+90.5%), from €877,810 to €1.7m
- Other debts +€83,596
up €83,596 (+56.7%), from €147,547 to €231,144
- Current portion of long-term debt +€46,733
up €46,733 (+39.7%), from €117,596 to €164,329
- Depreciation +€115,774
up €115,774 (+180%), from €64,394 to €180,167
- Gross operating margin +€39,959
up €39,959 (+22.5%), from €177,891 to €217,850
- Taxes -€21,462
down €21,462 (-100%), from €21,462 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.
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 | €1,341,469 | €2,254,390 | +€912,920 | +68.1% |
| Fixed assets | 21/28 | €1,258,199 | €2,142,031 | +€883,833 | +70.2% |
| Tangible fixed assets | 22/27 | €1,258,199 | €2,142,031 | +€883,833 | +70.2% |
| Land and buildings | 22 | €1,258,199 | €2,142,031 | +€883,833 | +70.2% |
| Current assets | 29/58 | €83,270 | €112,358 | +€29,088 | +34.9% |
| Amounts receivable within one year | 40/41 | €13,142 | €67,909 | +€54,767 | +417% |
| Trade receivables | 40 | €11,798 | €67,909 | +€56,112 | +476% |
| Other amounts receivable | 41 | €1,345 | €0 | -€1,345 | -100% |
| Cash at bank and in hand | 54/58 | €69,229 | €42,682 | -€26,547 | -38.3% |
| Deferred charges and accrued income | 490/1 | €899 | €1,767 | +€868 | +96.5% |
| Total equity and liabilities | 10/49 | €1,341,469 | €2,254,390 | +€912,920 | +68.1% |
| Equity | 10/15 | €168,760 | €158,369 | -€10,391 | -6.2% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €130,023 | €130,023 | = | 0.0% |
| Distributable reserves | 133 | €130,023 | €130,023 | = | 0.0% |
| Profit (loss) carried forward | 14 | €26,337 | €15,946 | -€10,391 | -39.5% |
| Amounts payable | 17/49 | €1,172,709 | €2,096,021 | +€923,312 | +78.7% |
| Amounts payable after more than one year | 17 | €877,810 | €1,672,606 | +€794,796 | +90.5% |
| Financial debts | 170/4 | €877,810 | €1,672,606 | +€794,796 | +90.5% |
| Amounts payable within one year | 42/48 | €294,899 | €423,415 | +€128,516 | +43.6% |
| Current portion of amounts payable after more than one year | 42 | €117,596 | €164,329 | +€46,733 | +39.7% |
| Trade debts | 44 | €19,991 | €19,779 | -€212 | -1.1% |
| Suppliers | 440/4 | €19,991 | €19,779 | -€212 | -1.1% |
| Taxes, remuneration and social security | 45 | €9,765 | €8,163 | -€1,602 | -16.4% |
| Taxes | 450/3 | €9,765 | €8,163 | -€1,602 | -16.4% |
| Other amounts payable | 47/48 | €147,547 | €231,144 | +€83,596 | +56.7% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €64,394 | €180,167 | +€115,774 | +180% |
| Other operating charges | 640/8 | €23,331 | €24,921 | +€1,590 | +6.8% |
| Gross operating margin | 9900 | €177,891 | €217,850 | +€39,959 | +22.5% |
| Operating profit (loss) | 9901 | €90,167 | €12,762 | -€77,405 | -85.8% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €22,714 | €23,154 | +€439 | +1.9% |
| Recurring financial charges | 65 | €22,714 | €23,154 | +€439 | +1.9% |
| Profit (loss) for the period before taxes | 9903 | €67,452 | -€10,391 | -€77,844 | |
| Income taxes | 67/77 | €21,462 | €0 | -€21,462 | -100% |
| Profit (loss) for the period | 9904 | €45,990 | -€10,391 | -€56,382 | |
| Profit (loss) for the period to be appropriated | 9905 | €45,990 | -€10,391 | -€56,382 |
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 13 October 2026 via checked.be.