ELTEE CONSTRUCT: what changed
Two fiscal 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.
ELTEE CONSTRUCT
Largest movements
- Cash +€37,216
up €37,216 (+106.9%), from €34,815 to €72,031
mainly Stocks and contracts (+€35,459) and Depreciation (+€15,266)
- Stocks and contracts -€35,459
down €35,459 (-71.9%), from €49,302 to €13,843
of which Contracts in progress: -€25,872
- Tangible fixed assets -€13,472
down €13,472 (-33.7%), from €40,016 to €26,545
of which Leasing and similar rights: -€8,550
- Receivables within one year -€11,713
down €11,713 (-20.8%), from €56,427 to €44,713
of which Trade receivables: -€10,993
- Other debts -€10,788
down €10,788 (-74.4%), from €14,499 to €3,711
- Debts after one year -€8,519
down €8,519 (-31.4%), from €27,150 to €18,631
- Trade debts -€8,473
down €8,473 (-76.7%), from €11,042 to €2,570
- Reserves +€7,580
up €7,580 (+7.8%), from €97,015 to €104,594
- Current portion of long-term debt -€2,970
down €2,970 (-25.8%), from €11,489 to €8,519
- Depreciation -€3,088
down €3,088 (-16.8%), from €18,353 to €15,266
- Financial charges -€1,196
down €1,196 (-39.9%), from €2,997 to €1,802
- Taxes +€971
up €971 (+22.2%), from €4,371 to €5,342
- Gross operating margin -€801
down €801 (-2.3%), from €34,872 to €34,071
- Financial income -€452
down €452 (-45.9%), from €985 to €533
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 | €181,912 | €158,405 | -€23,508 | -12.9% |
| Fixed assets | 21/28 | €41,369 | €27,767 | -€13,602 | -32.9% |
| Intangible fixed assets | 21 | €130 | - | -€130 | |
| Tangible fixed assets | 22/27 | €40,016 | €26,545 | -€13,472 | -33.7% |
| Land and buildings | 22 | €1,313 | €1,046 | -€266 | -20.3% |
| Plant, machinery and equipment | 23 | €6,433 | €1,956 | -€4,478 | -69.6% |
| Furniture and vehicles | 24 | €2,615 | €2,437 | -€178 | -6.8% |
| Leasing and similar rights | 25 | €29,656 | €21,106 | -€8,550 | -28.8% |
| Financial fixed assets | 28 | €1,223 | €1,223 | = | 0.0% |
| Current assets | 29/58 | €140,544 | €130,638 | -€9,906 | -7.0% |
| Stocks and contracts in progress | 3 | €49,302 | €13,843 | -€35,459 | -71.9% |
| Stocks | 30/36 | €10,374 | €787 | -€9,587 | -92.4% |
| Contracts in progress | 37 | €38,928 | €13,056 | -€25,872 | -66.5% |
| Amounts receivable within one year | 40/41 | €56,427 | €44,713 | -€11,713 | -20.8% |
| Trade receivables | 40 | €27,715 | €16,722 | -€10,993 | -39.7% |
| Other amounts receivable | 41 | €28,712 | €27,992 | -€720 | -2.5% |
| Cash at bank and in hand | 54/58 | €34,815 | €72,031 | +€37,216 | +106.9% |
| Deferred charges and accrued income | 490/1 | - | €50 | +€50 | |
| Total equity and liabilities | 10/49 | €181,912 | €158,405 | -€23,508 | -12.9% |
| Equity | 10/15 | €115,607 | €123,186 | +€7,580 | +6.6% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €97,015 | €104,594 | +€7,580 | +7.8% |
| Distributable reserves | 133 | €97,015 | €104,594 | +€7,580 | +7.8% |
| Amounts payable | 17/49 | €66,306 | €35,219 | -€31,087 | -46.9% |
| Amounts payable after more than one year | 17 | €27,150 | €18,631 | -€8,519 | -31.4% |
| Financial debts | 170/4 | €27,150 | €18,631 | -€8,519 | -31.4% |
| Amounts payable within one year | 42/48 | €39,156 | €16,587 | -€22,568 | -57.6% |
| Current portion of amounts payable after more than one year | 42 | €11,489 | €8,519 | -€2,970 | -25.8% |
| Trade debts | 44 | €11,042 | €2,570 | -€8,473 | -76.7% |
| Suppliers | 440/4 | €11,042 | €2,570 | -€8,473 | -76.7% |
| Taxes, remuneration and social security | 45 | €2,126 | €1,787 | -€338 | -15.9% |
| Taxes | 450/3 | €2,126 | €1,787 | -€338 | -15.9% |
| Other amounts payable | 47/48 | €14,499 | €3,711 | -€10,788 | -74.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,353 | €15,266 | -€3,088 | -16.8% |
| Other operating charges | 640/8 | €982 | €904 | -€78 | -8.0% |
| Gross operating margin | 9900 | €34,872 | €34,071 | -€801 | -2.3% |
| Operating profit (loss) | 9901 | €15,536 | €17,901 | +€2,365 | +15.2% |
| Financial income | 75/76B | €985 | €533 | -€452 | -45.9% |
| Recurring financial income | 75 | €985 | €533 | -€452 | -45.9% |
| Financial charges | 65/66B | €2,997 | €1,802 | -€1,196 | -39.9% |
| Recurring financial charges | 65 | €2,997 | €1,802 | -€1,196 | -39.9% |
| Profit (loss) for the period before taxes | 9903 | €13,524 | €16,633 | +€3,109 | +23.0% |
| Income taxes | 67/77 | €4,371 | €5,342 | +€971 | +22.2% |
| Profit (loss) for the period | 9904 | €9,153 | €11,291 | +€2,138 | +23.4% |
| Profit (loss) for the period to be appropriated | 9905 | €9,153 | €11,291 | +€2,138 | +23.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.