Elsen Architectuur: what changed
Elsen Architectuur
Largest movements
- Receivables within one year +€29,521
up €29,521 (+52.4%), from €56,287 to €85,809
of which Trade receivables: +€24,220
- Cash +€12,799
up €12,799 (+305%), from €4,197 to €16,996
mainly Trade debts (+€34,362) and Net result for the year (+€11,163)
- Current investments +€6,071
up €6,071 (+60.7%), from €10,000 to €16,071
- Tangible fixed assets -€3,225
down €3,225 (-64.9%), from €4,970 to €1,746
- Deferred charges and accrued income +€2,531
up €2,531 (+28.0%), from €9,050 to €11,580
- Profit (loss) carried forward +€94,510
up €94,510, from -€60,830 to €33,680
- Reserves -€83,346
no longer reported in 2025 (was €83,346)
- Trade debts +€34,362
up €34,362 (+11,191%), from €307 to €34,669
- Tax, wage and social debts +€4,083
up €4,083 (+19.2%), from €21,274 to €25,357
of which Taxes: +€4,083
- Other debts -€1,475
down €1,475 (-6.9%), from €21,370 to €19,895
- Gross operating margin +€65,931
up €65,931, from -€46,106 to €19,825
- Depreciation -€7,462
down €7,462 (-69.8%), from €10,687 to €3,225
- Financial charges +€1,971
up €1,971 (+74.9%), from €2,632 to €4,602
- Other operating charges -€491
down €491 (-38.6%), from €1,270 to €779
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €84,505 | €132,202 | +€47,697 | +56.4% |
| Fixed assets | 21/28 | €4,970 | €1,746 | -€3,225 | -64.9% |
| Tangible fixed assets | 22/27 | €4,970 | €1,746 | -€3,225 | -64.9% |
| Furniture and vehicles | 24 | €4,970 | €1,746 | -€3,225 | -64.9% |
| Current assets | 29/58 | €79,534 | €130,456 | +€50,922 | +64.0% |
| Amounts receivable within one year | 40/41 | €56,287 | €85,809 | +€29,521 | +52.4% |
| Trade receivables | 40 | €56,280 | €80,500 | +€24,220 | +43.0% |
| Other amounts receivable | 41 | €7 | €5,308 | +€5,301 | +73,219% |
| Current investments | 50/53 | €10,000 | €16,071 | +€6,071 | +60.7% |
| Cash at bank and in hand | 54/58 | €4,197 | €16,996 | +€12,799 | +305% |
| Deferred charges and accrued income | 490/1 | €9,050 | €11,580 | +€2,531 | +28.0% |
| Total equity and liabilities | 10/49 | €84,505 | €132,202 | +€47,697 | +56.4% |
| Equity | 10/15 | €41,117 | €52,280 | +€11,163 | +27.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €83,346 | - | -€83,346 | |
| Distributable reserves | 133 | €83,346 | - | -€83,346 | |
| Profit (loss) carried forward | 14 | -€60,830 | €33,680 | +€94,510 | |
| Amounts payable | 17/49 | €43,388 | €79,922 | +€36,533 | +84.2% |
| Amounts payable within one year | 42/48 | €43,388 | €79,922 | +€36,533 | +84.2% |
| Current portion of amounts payable after more than one year | 42 | €437 | - | -€437 | |
| Trade debts | 44 | €307 | €34,669 | +€34,362 | +11,191% |
| Suppliers | 440/4 | €307 | €34,669 | +€34,362 | +11,191% |
| Taxes, remuneration and social security | 45 | €21,274 | €25,357 | +€4,083 | +19.2% |
| Taxes | 450/3 | €21,274 | €25,357 | +€4,083 | +19.2% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €21,370 | €19,895 | -€1,475 | -6.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,687 | €3,225 | -€7,462 | -69.8% |
| Other operating charges | 640/8 | €1,270 | €779 | -€491 | -38.6% |
| Gross operating margin | 9900 | -€46,106 | €19,825 | +€65,931 | |
| Operating profit (loss) | 9901 | -€58,063 | €15,821 | +€73,883 | |
| Financial income | 75/76B | €57 | €171 | +€114 | +201% |
| Recurring financial income | 75 | €57 | €171 | +€114 | +201% |
| Financial charges | 65/66B | €2,632 | €4,602 | +€1,971 | +74.9% |
| Recurring financial charges | 65 | €2,632 | €4,602 | +€1,971 | +74.9% |
| Profit (loss) for the period before taxes | 9903 | -€60,638 | €11,389 | +€72,027 | |
| Income taxes | 67/77 | €192 | €225 | +€34 | +17.5% |
| Profit (loss) for the period | 9904 | -€60,830 | €11,163 | +€71,993 | |
| Profit (loss) for the period to be appropriated | 9905 | -€60,830 | €11,163 | +€71,993 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.