Elsmoortel Tom: 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.
Elsmoortel Tom
Largest movements
- Current investments +€35,901
up €35,901 (+7.2%), from €499,087 to €534,988
- Tangible fixed assets -€19,422
down €19,422 (-4.6%), from €423,324 to €403,902
of which Furniture and vehicles: -€12,204
- Deferred charges and accrued income -€13,317
down €13,317 (-91.4%), from €14,565 to €1,247
- Reserves +€33,093
up €33,093 (+5.2%), from €630,367 to €663,460
of which Distributable reserves: +€33,093
- Debts after one year -€12,169
down €12,169 (-2.5%), from €479,237 to €467,068
of which Financial debts: -€13,469
- Gross operating margin +€9,223
up €9,223 (+15.9%), from €58,107 to €67,330
- Taxes +€6,669
up €6,669 (+103%), from €6,468 to €13,137
- Depreciation -€5,556
down €5,556 (-18.0%), from €30,876 to €25,320
- Financial income +€2,837
up €2,837 (+15.4%), from €18,422 to €21,259
- Other operating charges +€1,828
up €1,828 (+43.0%), from €4,251 to €6,078
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 | €1,159,339 | €1,177,149 | +€17,810 | +1.5% |
| Fixed assets | 21/28 | €425,324 | €405,902 | -€19,422 | -4.6% |
| Tangible fixed assets | 22/27 | €423,324 | €403,902 | -€19,422 | -4.6% |
| Land and buildings | 22 | €375,287 | €370,759 | -€4,527 | -1.2% |
| Plant, machinery and equipment | 23 | €6,235 | €3,545 | -€2,691 | -43.2% |
| Furniture and vehicles | 24 | €41,802 | €29,597 | -€12,204 | -29.2% |
| Financial fixed assets | 28 | €2,000 | €2,000 | = | 0.0% |
| Current assets | 29/58 | €734,016 | €771,248 | +€37,232 | +5.1% |
| Amounts receivable within one year | 40/41 | €25,914 | €35,199 | +€9,285 | +35.8% |
| Trade receivables | 40 | €0 | €15,780 | +€15,780 | |
| Other amounts receivable | 41 | €25,914 | €19,419 | -€6,495 | -25.1% |
| Current investments | 50/53 | €499,087 | €534,988 | +€35,901 | +7.2% |
| Cash at bank and in hand | 54/58 | €194,450 | €199,813 | +€5,364 | +2.8% |
| Deferred charges and accrued income | 490/1 | €14,565 | €1,247 | -€13,317 | -91.4% |
| Total equity and liabilities | 10/49 | €1,159,339 | €1,177,149 | +€17,810 | +1.5% |
| Equity | 10/15 | €642,767 | €675,860 | +€33,093 | +5.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €630,367 | €663,460 | +€33,093 | +5.2% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €628,507 | €661,601 | +€33,093 | +5.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €516,573 | €501,290 | -€15,283 | -3.0% |
| Amounts payable after more than one year | 17 | €479,237 | €467,068 | -€12,169 | -2.5% |
| Financial debts | 170/4 | €479,237 | €465,768 | -€13,469 | -2.8% |
| Other amounts payable | 178/9 | - | €1,300 | +€1,300 | |
| Amounts payable within one year | 42/48 | €29,775 | €25,593 | -€4,182 | -14.0% |
| Current portion of amounts payable after more than one year | 42 | €13,341 | €13,469 | +€128 | +1.0% |
| Trade debts | 44 | €3,462 | €4,203 | +€742 | +21.4% |
| Suppliers | 440/4 | €3,462 | €4,203 | +€742 | +21.4% |
| Taxes, remuneration and social security | 45 | €4,863 | €5,811 | +€949 | +19.5% |
| Taxes | 450/3 | €4,863 | €5,811 | +€949 | +19.5% |
| Other amounts payable | 47/48 | €8,110 | €2,110 | -€6,000 | -74.0% |
| Accrued charges and deferred income | 492/3 | €7,561 | €8,629 | +€1,068 | +14.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,876 | €25,320 | -€5,556 | -18.0% |
| Other operating charges | 640/8 | €4,251 | €6,078 | +€1,828 | +43.0% |
| Gross operating margin | 9900 | €58,107 | €67,330 | +€9,223 | +15.9% |
| Operating profit (loss) | 9901 | €22,981 | €35,932 | +€12,951 | +56.4% |
| Financial income | 75/76B | €18,422 | €21,259 | +€2,837 | +15.4% |
| Recurring financial income | 75 | €18,422 | €21,259 | +€2,837 | +15.4% |
| Financial charges | 65/66B | €10,587 | €10,960 | +€374 | +3.5% |
| Recurring financial charges | 65 | €10,587 | €10,960 | +€374 | +3.5% |
| Profit (loss) for the period before taxes | 9903 | €30,816 | €46,230 | +€15,414 | +50.0% |
| Income taxes | 67/77 | €6,468 | €13,137 | +€6,669 | +103% |
| Profit (loss) for the period | 9904 | €24,348 | €33,093 | +€8,745 | +35.9% |
| Profit (loss) for the period to be appropriated | 9905 | €24,348 | €33,093 | +€8,745 | +35.9% |
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 16 October 2026 via checked.be.