ELSENBROEK: 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.
ELSENBROEK
Largest movements
- Receivables within one year -€719,121
down €719,121 (-75.9%), from €947,588 to €228,467
of which Other amounts receivable: -€679,121
- Receivables after one year +€703,797
new in 2025: €703,797
- Cash +€19,341
up €19,341 (+508%), from €3,806 to €23,147
mainly Receivables within one year (+€719,121) and Investment in fixed assets (net) (+€16,500)
No liability line moved by more than 1% of the balance sheet total.
- Financial income -€26,976
down €26,976 (-67.8%), from €39,793 to €12,818
of which Non-recurring financial income: -€39,793
- Write-downs +€11,000
up €11,000 (+200%), from €5,500 to €16,500
- Taxes -€6,336
down €6,336 (-84.1%), from €7,534 to €1,199
- Gross operating margin +€2,993
up €2,993 (+32.9%), from €9,093 to €12,086
- Financial charges +€206
up €206 (+1,697%), from €12 to €218
of which Financial charges: +€206
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 | €1,775,649 | €1,761,010 | -€14,639 | -0.8% |
| Fixed assets | 21/28 | €821,998 | €794,593 | -€27,405 | -3.3% |
| Tangible fixed assets | 22/27 | €805,498 | €794,593 | -€10,905 | -1.4% |
| Land and buildings | 22 | €805,498 | €794,593 | -€10,905 | -1.4% |
| Financial fixed assets | 28 | €16,500 | €0 | -€16,500 | -100% |
| Current assets | 29/58 | €953,650 | €966,416 | +€12,766 | +1.3% |
| Amounts receivable after more than one year | 29 | - | €703,797 | +€703,797 | |
| Other amounts receivable | 291 | - | €703,797 | +€703,797 | |
| Amounts receivable within one year | 40/41 | €947,588 | €228,467 | -€719,121 | -75.9% |
| Trade receivables | 40 | €90,000 | €50,000 | -€40,000 | -44.4% |
| Other amounts receivable | 41 | €857,588 | €178,467 | -€679,121 | -79.2% |
| Cash at bank and in hand | 54/58 | €3,806 | €23,147 | +€19,341 | +508% |
| Deferred charges and accrued income | 490/1 | €2,256 | €11,006 | +€8,750 | +388% |
| Total equity and liabilities | 10/49 | €1,775,649 | €1,761,010 | -€14,639 | -0.8% |
| Equity | 10/15 | €1,759,321 | €1,752,281 | -€7,040 | -0.4% |
| Contributions | 10/11 | €691,657 | €691,657 | = | 0.0% |
| Capital | 10 | €691,657 | €691,657 | = | 0.0% |
| Issued capital | 100 | €691,657 | €691,657 | = | 0.0% |
| Reserves | 13 | €1,067,664 | €1,067,664 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,214 | €69,166 | +€62,952 | +1,013% |
| Legal reserve | 130 | €6,214 | €69,166 | +€62,952 | +1,013% |
| Distributable reserves | 133 | €1,061,450 | €998,498 | -€62,952 | -5.9% |
| Profit (loss) carried forward | 14 | - | -€7,040 | -€7,040 | |
| Amounts payable | 17/49 | €16,327 | €8,729 | -€7,598 | -46.5% |
| Amounts payable within one year | 42/48 | €16,327 | €8,729 | -€7,598 | -46.5% |
| Taxes, remuneration and social security | 45 | €15,732 | €8,134 | -€7,598 | -48.3% |
| Taxes | 450/3 | €15,732 | €8,134 | -€7,598 | -48.3% |
| Other amounts payable | 47/48 | €595 | €595 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,906 | €10,905 | -€1 | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €5,500 | €16,500 | +€11,000 | +200% |
| Other operating charges | 640/8 | €3,020 | €3,122 | +€103 | +3.4% |
| Gross operating margin | 9900 | €9,093 | €12,086 | +€2,993 | +32.9% |
| Operating profit (loss) | 9901 | -€10,332 | -€18,441 | -€8,109 | -78.5% |
| Financial income | 75/76B | €39,793 | €12,818 | -€26,976 | -67.8% |
| Recurring financial income | 75 | €39,793 | €12,818 | -€26,976 | -67.8% |
| Non-recurring financial income | 76B | €39,793 | - | -€39,793 | |
| Financial charges | 65/66B | €12 | €218 | +€206 | +1,697% |
| Recurring financial charges | 65 | €12 | €218 | +€206 | +1,697% |
| Non-recurring financial charges | 66B | €12 | - | -€12 | |
| Profit (loss) for the period before taxes | 9903 | €29,449 | -€5,841 | -€35,290 | |
| Income taxes | 67/77 | €7,534 | €1,199 | -€6,336 | -84.1% |
| Profit (loss) for the period | 9904 | €21,915 | -€7,040 | -€28,955 | |
| Profit (loss) for the period to be appropriated | 9905 | €21,915 | -€7,040 | -€28,955 |
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 19 October 2026 via checked.be.