ELSDONCK: 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.
ELSDONCK
Largest movements
- Current investments -€46,790
down €46,790 (-100.0%), from €46,790 to €0
- Cash +€27,941
up €27,941 (+123.5%), from €22,623 to €50,564
mainly Current investments (+€46,790) and Net result for the year (+€30,409)
- Receivables within one year -€8,121
down €8,121 (-19.4%), from €41,948 to €33,827
of which Trade receivables: -€8,121
- Deferred charges and accrued income +€6,846
up €6,846 (+357.3%), from €1,916 to €8,763
- Tangible fixed assets +€5,502
up €5,502 (+1.6%), from €338,588 to €344,090
of which Furniture and vehicles: +€9,138
- Reserves +€30,409
up €30,409 (+34.4%), from €88,290 to €118,700
- Advances received -€30,000
down €30,000 (-100.0%), from €30,000 to €0
- Debts after one year -€16,032
down €16,032 (-5.8%), from €275,875 to €259,844
- Tax, wage and social debts +€5,027
up €5,027 (+94.6%), from €5,316 to €10,343
of which Taxes: +€5,027
- Gross operating margin +€25,881
up €25,881 (+44.3%), from €58,421 to €84,302
- Taxes +€10,415
up €10,415 (+209.5%), from €4,971 to €15,386
- Depreciation -€6,255
down €6,255 (-24.5%), from €25,528 to €19,272
- Financial charges +€2,950
up €2,950 (+37.3%), from €7,912 to €10,862
- Other operating charges +€1,065
up €1,065 (+15.1%), from €7,039 to €8,104
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 | €451,866 | €437,245 | -€14,621 | -3.2% |
| Fixed assets | 21/28 | €338,588 | €344,090 | +€5,502 | +1.6% |
| Tangible fixed assets | 22/27 | €338,588 | €344,090 | +€5,502 | +1.6% |
| Land and buildings | 22 | €325,824 | €319,950 | -€5,874 | -1.8% |
| Plant, machinery and equipment | 23 | €1,085 | €3,322 | +€2,238 | +206.2% |
| Furniture and vehicles | 24 | €11,680 | €20,818 | +€9,138 | +78.2% |
| Current assets | 29/58 | €113,277 | €93,154 | -€20,123 | -17.8% |
| Amounts receivable within one year | 40/41 | €41,948 | €33,827 | -€8,121 | -19.4% |
| Trade receivables | 40 | €41,948 | €33,827 | -€8,121 | -19.4% |
| Other amounts receivable | 41 | €0 | - | = | |
| Current investments | 50/53 | €46,790 | €0 | -€46,790 | -100.0% |
| Cash at bank and in hand | 54/58 | €22,623 | €50,564 | +€27,941 | +123.5% |
| Deferred charges and accrued income | 490/1 | €1,916 | €8,763 | +€6,846 | +357.3% |
| Total equity and liabilities | 10/49 | €451,866 | €437,245 | -€14,621 | -3.2% |
| Equity | 10/15 | €114,340 | €144,750 | +€30,409 | +26.6% |
| Contributions | 10/11 | €26,050 | €26,050 | = | 0.0% |
| Reserves | 13 | €88,290 | €118,700 | +€30,409 | +34.4% |
| Distributable reserves | 133 | €88,290 | €118,700 | +€30,409 | +34.4% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €337,525 | €292,495 | -€45,031 | -13.3% |
| Amounts payable after more than one year | 17 | €275,875 | €259,844 | -€16,032 | -5.8% |
| Financial debts | 170/4 | €275,875 | €259,844 | -€16,032 | -5.8% |
| Amounts payable within one year | 42/48 | €60,947 | €32,651 | -€28,296 | -46.4% |
| Current portion of amounts payable after more than one year | 42 | €15,428 | €16,032 | +€603 | +3.9% |
| Financial debts | 43 | €337 | €0 | -€337 | -100.0% |
| Credit institutions | 430/8 | €337 | €0 | -€337 | -100.0% |
| Trade debts | 44 | €9,865 | €6,234 | -€3,631 | -36.8% |
| Suppliers | 440/4 | €9,865 | €6,234 | -€3,631 | -36.8% |
| Advances received on contracts in progress | 46 | €30,000 | €0 | -€30,000 | -100.0% |
| Taxes, remuneration and social security | 45 | €5,316 | €10,343 | +€5,027 | +94.6% |
| Taxes | 450/3 | €2,816 | €7,843 | +€5,027 | +178.5% |
| Remuneration and social security | 454/9 | €2,500 | €2,500 | = | 0.0% |
| Other amounts payable | 47/48 | €0 | €42 | +€42 | |
| Accrued charges and deferred income | 492/3 | €702 | €0 | -€702 | -100.0% |
| Non-recurring operating income | 76A | - | €15,080 | +€15,080 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,528 | €19,272 | -€6,255 | -24.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | €410 | +€410 | |
| Other operating charges | 640/8 | €7,039 | €8,104 | +€1,065 | +15.1% |
| Non-recurring operating charges | 66A | €856 | €0 | -€856 | -100.0% |
| Gross operating margin | 9900 | €58,421 | €84,302 | +€25,881 | +44.3% |
| Operating profit (loss) | 9901 | €24,999 | €56,516 | +€31,517 | +126.1% |
| Financial income | 75/76B | €415 | €142 | -€273 | -65.8% |
| Recurring financial income | 75 | €415 | €142 | -€273 | -65.8% |
| Financial charges | 65/66B | €7,912 | €10,862 | +€2,950 | +37.3% |
| Recurring financial charges | 65 | €7,912 | €10,862 | +€2,950 | +37.3% |
| Profit (loss) for the period before taxes | 9903 | €17,502 | €45,796 | +€28,294 | +161.7% |
| Income taxes | 67/77 | €4,971 | €15,386 | +€10,415 | +209.5% |
| Profit (loss) for the period | 9904 | €12,531 | €30,409 | +€17,879 | +142.7% |
| Profit (loss) for the period to be appropriated | 9905 | €12,531 | €30,409 | +€17,879 | +142.7% |
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.