Grondwerken Elpers: 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.
Grondwerken Elpers
Largest movements
- Tangible fixed assets -€23,757
down €23,757 (-19.4%), from €122,562 to €98,805
of which Furniture and vehicles: -€21,170
- Receivables within one year +€22,355
up €22,355 (+58.8%), from €37,991 to €60,346
of which Trade receivables: +€15,184
- Cash -€19,976
down €19,976 (-21.7%), from €92,204 to €72,228
mainly Receivables within one year (-€22,355) and Debts after one year (-€19,111)
- Debts after one year -€19,111
no longer reported in 2025 (was €19,111)
- Profit (loss) carried forward +€17,566
up €17,566 (+29.5%), from €59,628 to €77,194
- Trade debts -€7,895
down €7,895 (-68.8%), from €11,469 to €3,574
- Tax, wage and social debts -€6,336
down €6,336 (-32.8%), from €19,304 to €12,968
- Current portion of long-term debt -€2,965
down €2,965 (-13.4%), from €22,076 to €19,111
- Gross operating margin -€13,524
down €13,524 (-19.4%), from €69,890 to €56,366
- Taxes -€2,689
down €2,689 (-36.8%), from €7,300 to €4,611
- Financial charges -€853
down €853 (-35.6%), from €2,395 to €1,542
- Depreciation +€719
up €719 (+2.4%), from €30,449 to €31,168
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 | €255,374 | €233,897 | -€21,477 | -8.4% |
| Formation expenses | 20 | €657 | €444 | -€213 | -32.5% |
| Fixed assets | 21/28 | €122,697 | €98,940 | -€23,757 | -19.4% |
| Tangible fixed assets | 22/27 | €122,562 | €98,805 | -€23,757 | -19.4% |
| Plant, machinery and equipment | 23 | €36,664 | €34,077 | -€2,587 | -7.1% |
| Furniture and vehicles | 24 | €85,898 | €64,728 | -€21,170 | -24.6% |
| Financial fixed assets | 28 | €135 | €135 | = | 0.0% |
| Current assets | 29/58 | €132,020 | €134,513 | +€2,493 | +1.9% |
| Amounts receivable within one year | 40/41 | €37,991 | €60,346 | +€22,355 | +58.8% |
| Trade receivables | 40 | €36,389 | €51,573 | +€15,184 | +41.7% |
| Other amounts receivable | 41 | €1,602 | €8,773 | +€7,171 | +448% |
| Cash at bank and in hand | 54/58 | €92,204 | €72,228 | -€19,976 | -21.7% |
| Deferred charges and accrued income | 490/1 | €1,825 | €1,939 | +€114 | +6.3% |
| Total equity and liabilities | 10/49 | €255,374 | €233,897 | -€21,477 | -8.4% |
| Equity | 10/15 | €63,628 | €81,194 | +€17,566 | +27.6% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €59,628 | €77,194 | +€17,566 | +29.5% |
| Amounts payable | 17/49 | €191,746 | €152,703 | -€39,043 | -20.4% |
| Amounts payable after more than one year | 17 | €19,111 | - | -€19,111 | |
| Financial debts | 170/4 | €19,111 | - | -€19,111 | |
| Amounts payable within one year | 42/48 | €169,534 | €151,806 | -€17,728 | -10.5% |
| Current portion of amounts payable after more than one year | 42 | €22,076 | €19,111 | -€2,965 | -13.4% |
| Trade debts | 44 | €11,469 | €3,574 | -€7,895 | -68.8% |
| Suppliers | 440/4 | €11,469 | €3,574 | -€7,895 | -68.8% |
| Taxes, remuneration and social security | 45 | €19,304 | €12,968 | -€6,336 | -32.8% |
| Taxes | 450/3 | €19,304 | €12,968 | -€6,336 | -32.8% |
| Other amounts payable | 47/48 | €116,685 | €116,153 | -€532 | -0.5% |
| Accrued charges and deferred income | 492/3 | €3,101 | €897 | -€2,204 | -71.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,449 | €31,168 | +€719 | +2.4% |
| Other operating charges | 640/8 | €1,706 | €1,480 | -€226 | -13.2% |
| Gross operating margin | 9900 | €69,890 | €56,366 | -€13,524 | -19.4% |
| Operating profit (loss) | 9901 | €37,735 | €23,718 | -€14,017 | -37.1% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €2,395 | €1,542 | -€853 | -35.6% |
| Recurring financial charges | 65 | €2,395 | €1,542 | -€853 | -35.6% |
| Profit (loss) for the period before taxes | 9903 | €35,340 | €22,177 | -€13,163 | -37.2% |
| Income taxes | 67/77 | €7,300 | €4,611 | -€2,689 | -36.8% |
| Profit (loss) for the period | 9904 | €28,041 | €17,566 | -€10,475 | -37.4% |
| Profit (loss) for the period to be appropriated | 9905 | €28,041 | €17,566 | -€10,475 | -37.4% |
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 24 October 2026 via checked.be.