ELCONSTRUCT: 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.
ELCONSTRUCT
Largest movements
- Cash +€520,608
up €520,608 (+41.1%), from €1.3m to €1.8m
mainly Net result for the year (+€711,674) and Other debts (+€502,158)
- Receivables within one year -€20,999
down €20,999 (-28.6%), from €73,512 to €52,514
of which Other amounts receivable: -€44,954
- Other debts +€502,158
up €502,158 (+41.2%), from €1.2m to €1.7m
- Tax, wage and social debts -€27,673
down €27,673 (-32.2%), from €85,810 to €58,137
- Accrued charges and deferred income +€23,917
up €23,917 (+106%), from €22,472 to €46,389
- Gross operating margin +€123,843
up €123,843 (+16.2%), from €766,067 to €889,909
- Taxes +€25,461
up €25,461 (+29.9%), from €85,286 to €110,747
- Financial charges +€23,927
up €23,927 (+106%), from €22,668 to €46,595
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 | €1,472,833 | €1,953,380 | +€480,546 | +32.6% |
| Fixed assets | 21/28 | €104,800 | €89,995 | -€14,805 | -14.1% |
| Tangible fixed assets | 22/27 | €79,800 | €64,995 | -€14,805 | -18.6% |
| Land and buildings | 22 | €14,565 | €15,903 | +€1,339 | +9.2% |
| Furniture and vehicles | 24 | €65,236 | €49,092 | -€16,144 | -24.7% |
| Financial fixed assets | 28 | €25,000 | €25,000 | = | 0.0% |
| Current assets | 29/58 | €1,368,033 | €1,863,384 | +€495,351 | +36.2% |
| Amounts receivable after more than one year | 29 | €25,000 | €25,000 | = | 0.0% |
| Other amounts receivable | 291 | €25,000 | €25,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €73,512 | €52,514 | -€20,999 | -28.6% |
| Trade receivables | 40 | €28,339 | €52,294 | +€23,955 | +84.5% |
| Other amounts receivable | 41 | €45,174 | €220 | -€44,954 | -99.5% |
| Cash at bank and in hand | 54/58 | €1,265,263 | €1,785,870 | +€520,608 | +41.1% |
| Deferred charges and accrued income | 490/1 | €4,258 | - | -€4,258 | |
| Total equity and liabilities | 10/49 | €1,472,833 | €1,953,380 | +€480,546 | +32.6% |
| Equity | 10/15 | €139,891 | €126,565 | -€13,326 | -9.5% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €103,853 | €103,853 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Other | 1319 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €101,853 | €101,853 | = | 0.0% |
| Profit (loss) carried forward | 14 | €16,038 | €2,712 | -€13,326 | -83.1% |
| Amounts payable | 17/49 | €1,332,942 | €1,826,814 | +€493,872 | +37.1% |
| Amounts payable within one year | 42/48 | €1,310,470 | €1,780,425 | +€469,955 | +35.9% |
| Trade debts | 44 | €6,923 | €2,392 | -€4,530 | -65.4% |
| Suppliers | 440/4 | €6,923 | €2,392 | -€4,530 | -65.4% |
| Taxes, remuneration and social security | 45 | €85,810 | €58,137 | -€27,673 | -32.2% |
| Taxes | 450/3 | €85,810 | €58,137 | -€27,673 | -32.2% |
| Other amounts payable | 47/48 | €1,217,738 | €1,719,896 | +€502,158 | +41.2% |
| Accrued charges and deferred income | 492/3 | €22,472 | €46,389 | +€23,917 | +106% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,556 | €21,228 | +€673 | +3.3% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €60 | +€60 | |
| Other operating charges | 640/8 | €132 | €208 | +€76 | +57.6% |
| Non-recurring operating charges | 66A | €2,298 | €935 | -€1,363 | -59.3% |
| Gross operating margin | 9900 | €766,067 | €889,909 | +€123,843 | +16.2% |
| Operating profit (loss) | 9901 | €743,081 | €867,479 | +€124,397 | +16.7% |
| Financial income | 75/76B | €1,433 | €1,537 | +€104 | +7.3% |
| Recurring financial income | 75 | €1,433 | €1,537 | +€104 | +7.3% |
| Financial charges | 65/66B | €22,668 | €46,595 | +€23,927 | +106% |
| Recurring financial charges | 65 | €22,668 | €46,595 | +€23,927 | +106% |
| Profit (loss) for the period before taxes | 9903 | €721,847 | €822,421 | +€100,574 | +13.9% |
| Income taxes | 67/77 | €85,286 | €110,747 | +€25,461 | +29.9% |
| Profit (loss) for the period | 9904 | €636,561 | €711,674 | +€75,113 | +11.8% |
| Profit (loss) for the period to be appropriated | 9905 | €636,561 | €711,674 | +€75,113 | +11.8% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.