ELPRO: 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.
ELPRO
Largest movements
- Cash +€810,227
up €810,227 (+232%), from €348,846 to €1.2m
mainly Advances received (+€1.1m) and Other debts (+€199,587)
- Stocks and contracts +€281,314
up €281,314 (+13.8%), from €2.0m to €2.3m
- Receivables within one year +€194,608
up €194,608 (+58.2%), from €334,583 to €529,191
of which Trade receivables: +€194,633
- Tangible fixed assets +€105,723
up €105,723 (+40.1%), from €263,954 to €369,677
of which Land and buildings: +€136,481
- Advances received +€1.1m
up €1.1m (+57.0%), from €2.0m to €3.2m
- Other debts +€199,587
up €199,587 (+50.9%), from €392,478 to €592,065
- Trade debts +€154,057
up €154,057 (+33.0%), from €467,355 to €621,411
- Profit (loss) carried forward -€84,620
down €84,620 (-52.8%), from -€160,170 to -€244,790
- Gross operating margin +€69,802
up €69,802, from -€14,833 to €54,970
- Other operating charges +€35,965
up €35,965 (+435%), from €8,269 to €44,235
- Depreciation +€21,985
up €21,985 (+101%), from €21,725 to €43,710
- Financial charges +€4,540
up €4,540 (+10.4%), from €43,813 to €48,353
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 | €3,006,423 | €4,411,113 | +€1.4m | +46.7% |
| Fixed assets | 21/28 | €264,454 | €386,427 | +€121,973 | +46.1% |
| Tangible fixed assets | 22/27 | €263,954 | €369,677 | +€105,723 | +40.1% |
| Land and buildings | 22 | - | €136,481 | +€136,481 | |
| Plant, machinery and equipment | 23 | €5,009 | €4,621 | -€388 | -7.7% |
| Furniture and vehicles | 24 | €106,357 | €91,055 | -€15,302 | -14.4% |
| Other tangible fixed assets | 26 | €152,588 | €137,520 | -€15,069 | -9.9% |
| Financial fixed assets | 28 | €500 | €16,750 | +€16,250 | +3,250% |
| Current assets | 29/58 | €2,741,968 | €4,024,686 | +€1.3m | +46.8% |
| Stocks and contracts in progress | 3 | €2,045,384 | €2,326,699 | +€281,314 | +13.8% |
| Stocks | 30/36 | €2,045,384 | €2,326,699 | +€281,314 | +13.8% |
| Amounts receivable within one year | 40/41 | €334,583 | €529,191 | +€194,608 | +58.2% |
| Trade receivables | 40 | €334,534 | €529,167 | +€194,633 | +58.2% |
| Other amounts receivable | 41 | €49 | €24 | -€25 | -51.1% |
| Cash at bank and in hand | 54/58 | €348,846 | €1,159,073 | +€810,227 | +232% |
| Deferred charges and accrued income | 490/1 | €13,154 | €9,724 | -€3,431 | -26.1% |
| Total equity and liabilities | 10/49 | €3,006,423 | €4,411,113 | +€1.4m | +46.7% |
| Equity | 10/15 | -€56,933 | -€141,553 | -€84,620 | -149% |
| Contributions | 10/11 | €93,800 | €93,800 | = | 0.0% |
| Reserves | 13 | €9,437 | €9,437 | = | 0.0% |
| Tax-exempt reserves | 132 | €797 | €797 | = | 0.0% |
| Distributable reserves | 133 | €8,640 | €8,640 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€160,170 | -€244,790 | -€84,620 | -52.8% |
| Amounts payable | 17/49 | €3,063,356 | €4,552,666 | +€1.5m | +48.6% |
| Amounts payable after more than one year | 17 | €78,134 | €85,396 | +€7,262 | +9.3% |
| Financial debts | 170/4 | €78,134 | €85,396 | +€7,262 | +9.3% |
| Amounts payable within one year | 42/48 | €2,967,442 | €4,442,946 | +€1.5m | +49.7% |
| Current portion of amounts payable after more than one year | 42 | €18,794 | €19,431 | +€637 | +3.4% |
| Financial debts | 43 | €8,026 | €0 | -€8,026 | -100% |
| Credit institutions | 430/8 | €8,026 | €0 | -€8,026 | -100% |
| Trade debts | 44 | €467,355 | €621,411 | +€154,057 | +33.0% |
| Suppliers | 440/4 | €467,355 | €621,411 | +€154,057 | +33.0% |
| Advances received on contracts in progress | 46 | €2,010,175 | €3,155,907 | +€1.1m | +57.0% |
| Taxes, remuneration and social security | 45 | €70,614 | €54,132 | -€16,482 | -23.3% |
| Taxes | 450/3 | €70,614 | €54,132 | -€16,482 | -23.3% |
| Other amounts payable | 47/48 | €392,478 | €592,065 | +€199,587 | +50.9% |
| Accrued charges and deferred income | 492/3 | €17,780 | €24,325 | +€6,545 | +36.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,725 | €43,710 | +€21,985 | +101% |
| Other operating charges | 640/8 | €8,269 | €44,235 | +€35,965 | +435% |
| Non-recurring operating charges | 66A | - | €3,740 | +€3,740 | |
| Gross operating margin | 9900 | -€14,833 | €54,970 | +€69,802 | |
| Operating profit (loss) | 9901 | -€44,827 | -€36,716 | +€8,112 | +18.1% |
| Financial income | 75/76B | €13 | €449 | +€436 | +3,253% |
| Recurring financial income | 75 | €13 | €449 | +€436 | +3,253% |
| Financial charges | 65/66B | €43,813 | €48,353 | +€4,540 | +10.4% |
| Recurring financial charges | 65 | €43,813 | €48,353 | +€4,540 | +10.4% |
| Profit (loss) for the period before taxes | 9903 | -€88,627 | -€84,620 | +€4,007 | +4.5% |
| Profit (loss) for the period | 9904 | -€88,627 | -€84,620 | +€4,007 | +4.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€88,627 | -€84,620 | +€4,007 | +4.5% |
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 20 October 2026 via checked.be.