E2L CONSULTING & MANAGEMENT: 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.
E2L CONSULTING & MANAGEMENT
Largest movements
- Cash +€570,664
up €570,664 (+408%), from €139,711 to €710,376
mainly Net result for the year (+€369,830) and Current investments (+€246,644)
- Current investments -€246,644
down €246,644 (-27.3%), from €903,788 to €657,144
- Receivables within one year -€77,032
down €77,032 (-24.1%), from €319,326 to €242,294
of which Other amounts receivable: -€79,762
- Reserves +€269,830
up €269,830 (+21.4%), from €1.3m to €1.5m
- Tax, wage and social debts -€31,116
down €31,116 (-28.7%), from €108,541 to €77,424
of which Taxes: -€35,208
- Gross operating margin +€125,247
up €125,247 (+30.5%), from €410,868 to €536,115
- Taxes +€34,216
up €34,216 (+25.8%), from €132,629 to €166,845
- Staff costs +€8,579
up €8,579 (+59.2%), from €14,502 to €23,081
- Financial income -€7,368
down €7,368 (-19.0%), from €38,709 to €31,342
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 | €1,381,314 | €1,625,995 | +€244,681 | +17.7% |
| Fixed assets | 21/28 | €2,784 | €3,290 | +€507 | +18.2% |
| Tangible fixed assets | 22/27 | €2,784 | €3,290 | +€507 | +18.2% |
| Plant, machinery and equipment | 23 | €2,036 | €889 | -€1,147 | -56.3% |
| Furniture and vehicles | 24 | €748 | €2,402 | +€1,654 | +221% |
| Current assets | 29/58 | €1,378,530 | €1,622,704 | +€244,174 | +17.7% |
| Amounts receivable within one year | 40/41 | €319,326 | €242,294 | -€77,032 | -24.1% |
| Trade receivables | 40 | €42,794 | €45,524 | +€2,729 | +6.4% |
| Other amounts receivable | 41 | €276,532 | €196,770 | -€79,762 | -28.8% |
| Current investments | 50/53 | €903,788 | €657,144 | -€246,644 | -27.3% |
| Cash at bank and in hand | 54/58 | €139,711 | €710,376 | +€570,664 | +408% |
| Deferred charges and accrued income | 490/1 | €15,705 | €12,891 | -€2,814 | -17.9% |
| Total equity and liabilities | 10/49 | €1,381,314 | €1,625,995 | +€244,681 | +17.7% |
| Equity | 10/15 | €1,266,563 | €1,536,393 | +€269,830 | +21.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,260,363 | €1,530,193 | +€269,830 | +21.4% |
| Distributable reserves | 133 | €1,260,363 | €1,530,193 | +€269,830 | +21.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €114,751 | €89,602 | -€25,149 | -21.9% |
| Amounts payable within one year | 42/48 | €114,751 | €87,981 | -€26,770 | -23.3% |
| Trade debts | 44 | €5,233 | €9,671 | +€4,438 | +84.8% |
| Suppliers | 440/4 | €5,233 | €9,671 | +€4,438 | +84.8% |
| Taxes, remuneration and social security | 45 | €108,541 | €77,424 | -€31,116 | -28.7% |
| Taxes | 450/3 | €104,594 | €69,385 | -€35,208 | -33.7% |
| Remuneration and social security | 454/9 | €3,947 | €8,039 | +€4,092 | +104% |
| Other amounts payable | 47/48 | €977 | €886 | -€91 | -9.4% |
| Accrued charges and deferred income | 492/3 | €0 | €1,621 | +€1,621 | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €14,502 | €23,081 | +€8,579 | +59.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,967 | €2,014 | -€952 | -32.1% |
| Other operating charges | 640/8 | €240 | €2,310 | +€2,070 | +862% |
| Gross operating margin | 9900 | €410,868 | €536,115 | +€125,247 | +30.5% |
| Operating profit (loss) | 9901 | €393,159 | €508,710 | +€115,550 | +29.4% |
| Financial income | 75/76B | €38,709 | €31,342 | -€7,368 | -19.0% |
| Recurring financial income | 75 | €38,709 | €31,342 | -€7,368 | -19.0% |
| Financial charges | 65/66B | €3,305 | €3,377 | +€72 | +2.2% |
| Recurring financial charges | 65 | €3,305 | €3,377 | +€72 | +2.2% |
| Profit (loss) for the period before taxes | 9903 | €428,564 | €536,675 | +€108,110 | +25.2% |
| Income taxes | 67/77 | €132,629 | €166,845 | +€34,216 | +25.8% |
| Profit (loss) for the period | 9904 | €295,936 | €369,830 | +€73,894 | +25.0% |
| Profit (loss) for the period to be appropriated | 9905 | €295,936 | €369,830 | +€73,894 | +25.0% |
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 26 October 2026 via checked.be.