ELRO VASTGOED: 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.
ELRO VASTGOED
Largest movements
- Receivables within one year +€77,250
up €77,250 (+8,208%), from €941 to €78,191
- Cash -€51,983
down €51,983 (-49.0%), from €106,165 to €54,182
mainly Debts after one year (-€92,935) and Receivables within one year (-€77,250)
- Tangible fixed assets -€51,379
down €51,379 (-3.2%), from €1.6m to €1.6m
of which Land and buildings: -€51,379
- Debts after one year -€92,935
down €92,935 (-5.4%), from €1.7m to €1.6m
- Profit (loss) carried forward +€67,542
up €67,542 (+23.2%), from -€291,523 to -€223,980
- Other debts -€21,922
down €21,922 (-12.2%), from €179,120 to €157,198
- Tax, wage and social debts +€19,823
up €19,823 (+1,291%), from €1,536 to €21,359
- Depreciation -€21,297
down €21,297 (-29.3%), from €72,675 to €51,379
- Taxes +€18,288
up €18,288 (+1,191%), from €1,536 to €19,823
- Gross operating margin +€10,141
up €10,141 (+6.0%), from €168,515 to €178,656
- Financial income +€2,250
up €2,250 (+624,900%), from €0 to €2,250
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 | €1,733,083 | €1,707,096 | -€25,987 | -1.5% |
| Fixed assets | 21/28 | €1,623,370 | €1,571,991 | -€51,379 | -3.2% |
| Tangible fixed assets | 22/27 | €1,623,370 | €1,571,991 | -€51,379 | -3.2% |
| Land and buildings | 22 | €1,623,370 | €1,571,991 | -€51,379 | -3.2% |
| Assets under construction and advance payments | 27 | €0 | - | = | |
| Current assets | 29/58 | €109,713 | €135,105 | +€25,392 | +23.1% |
| Amounts receivable within one year | 40/41 | €941 | €78,191 | +€77,250 | +8,208% |
| Other amounts receivable | 41 | €941 | €78,191 | +€77,250 | +8,208% |
| Cash at bank and in hand | 54/58 | €106,165 | €54,182 | -€51,983 | -49.0% |
| Deferred charges and accrued income | 490/1 | €2,607 | €2,732 | +€125 | +4.8% |
| Total equity and liabilities | 10/49 | €1,733,083 | €1,707,096 | -€25,987 | -1.5% |
| Equity | 10/15 | -€272,923 | -€205,380 | +€67,542 | +24.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€291,523 | -€223,980 | +€67,542 | +23.2% |
| Amounts payable | 17/49 | €2,006,006 | €1,912,477 | -€93,529 | -4.7% |
| Amounts payable after more than one year | 17 | €1,731,977 | €1,639,042 | -€92,935 | -5.4% |
| Financial debts | 170/4 | €1,731,977 | €1,639,042 | -€92,935 | -5.4% |
| Amounts payable within one year | 42/48 | €272,179 | €272,484 | +€306 | +0.1% |
| Current portion of amounts payable after more than one year | 42 | €91,114 | €93,085 | +€1,971 | +2.2% |
| Trade debts | 44 | €409 | €843 | +€434 | +106% |
| Suppliers | 440/4 | €409 | €843 | +€434 | +106% |
| Taxes, remuneration and social security | 45 | €1,536 | €21,359 | +€19,823 | +1,291% |
| Taxes | 450/3 | €1,536 | €21,359 | +€19,823 | +1,291% |
| Other amounts payable | 47/48 | €179,120 | €157,198 | -€21,922 | -12.2% |
| Accrued charges and deferred income | 492/3 | €1,850 | €950 | -€900 | -48.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €72,675 | €51,379 | -€21,297 | -29.3% |
| Other operating charges | 640/8 | €1,268 | €2,005 | +€738 | +58.2% |
| Gross operating margin | 9900 | €168,515 | €178,656 | +€10,141 | +6.0% |
| Operating profit (loss) | 9901 | €94,572 | €125,272 | +€30,700 | +32.5% |
| Financial income | 75/76B | €0 | €2,250 | +€2,250 | +624,900% |
| Recurring financial income | 75 | €0 | €2,250 | +€2,250 | +624,900% |
| Financial charges | 65/66B | €41,226 | €40,156 | -€1,070 | -2.6% |
| Recurring financial charges | 65 | €41,226 | €40,156 | -€1,070 | -2.6% |
| Profit (loss) for the period before taxes | 9903 | €53,347 | €87,366 | +€34,019 | +63.8% |
| Income taxes | 67/77 | €1,536 | €19,823 | +€18,288 | +1,191% |
| Profit (loss) for the period | 9904 | €51,811 | €67,542 | +€15,731 | +30.4% |
| Profit (loss) for the period to be appropriated | 9905 | €51,811 | €67,542 | +€15,731 | +30.4% |
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 22 October 2026 via checked.be.