EL2 Consult: 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.
EL2 Consult
Largest movements
- Cash +€18,842
up €18,842 (+26.9%), from €70,141 to €88,984
mainly Net result for the year (+€25,762) and Depreciation (+€11,415)
- Tangible fixed assets -€6,148
down €6,148 (-10.6%), from €58,120 to €51,971
of which Other tangible fixed assets: -€3,324
- Receivables within one year -€1,664
down €1,664 (-15.2%), from €10,946 to €9,282
of which Trade receivables: -€10,500
- Profit (loss) carried forward +€25,762
up €25,762 (+35.6%), from €72,272 to €98,034
- Other debts -€11,364
no longer reported in 2025 (was €11,364)
- Debts after one year -€5,840
down €5,840 (-33.9%), from €17,249 to €11,409
- Trade debts +€2,877
new in 2025: €2,877
- Gross operating margin -€8,082
down €8,082 (-14.9%), from €54,074 to €45,992
- Depreciation +€5,765
up €5,765 (+102%), from €5,649 to €11,415
- Taxes -€2,461
down €2,461 (-22.8%), from €10,804 to €8,344
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 | €139,207 | €150,237 | +€11,030 | +7.9% |
| Fixed assets | 21/28 | €58,120 | €51,971 | -€6,148 | -10.6% |
| Tangible fixed assets | 22/27 | €58,120 | €51,971 | -€6,148 | -10.6% |
| Land and buildings | 22 | €19,646 | €16,651 | -€2,994 | -15.2% |
| Furniture and vehicles | 24 | €16,525 | €16,695 | +€170 | +1.0% |
| Other tangible fixed assets | 26 | €21,949 | €18,625 | -€3,324 | -15.1% |
| Current assets | 29/58 | €81,088 | €98,266 | +€17,178 | +21.2% |
| Amounts receivable within one year | 40/41 | €10,946 | €9,282 | -€1,664 | -15.2% |
| Trade receivables | 40 | €10,500 | €1 | -€10,500 | -100.0% |
| Other amounts receivable | 41 | €446 | €9,282 | +€8,835 | +1,979% |
| Cash at bank and in hand | 54/58 | €70,141 | €88,984 | +€18,842 | +26.9% |
| Total equity and liabilities | 10/49 | €139,207 | €150,237 | +€11,030 | +7.9% |
| Equity | 10/15 | €76,272 | €102,034 | +€25,762 | +33.8% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €72,272 | €98,034 | +€25,762 | +35.6% |
| Amounts payable | 17/49 | €62,935 | €48,203 | -€14,732 | -23.4% |
| Amounts payable after more than one year | 17 | €17,249 | €11,409 | -€5,840 | -33.9% |
| Financial debts | 170/4 | €17,249 | €11,409 | -€5,840 | -33.9% |
| Amounts payable within one year | 42/48 | €45,687 | €36,794 | -€8,892 | -19.5% |
| Current portion of amounts payable after more than one year | 42 | €6,660 | €6,250 | -€410 | -6.2% |
| Trade debts | 44 | - | €2,877 | +€2,877 | |
| Suppliers | 440/4 | - | €2,877 | +€2,877 | |
| Taxes, remuneration and social security | 45 | €27,663 | €27,668 | +€5 | 0.0% |
| Taxes | 450/3 | €27,663 | €27,668 | +€5 | 0.0% |
| Other amounts payable | 47/48 | €11,364 | - | -€11,364 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,649 | €11,415 | +€5,765 | +102% |
| Other operating charges | 640/8 | - | €306 | +€306 | |
| Gross operating margin | 9900 | €54,074 | €45,992 | -€8,082 | -14.9% |
| Operating profit (loss) | 9901 | €48,425 | €34,271 | -€14,153 | -29.2% |
| Financial income | 75/76B | - | €355 | +€355 | |
| Recurring financial income | 75 | - | €355 | +€355 | |
| Financial charges | 65/66B | €161 | €520 | +€359 | +223% |
| Recurring financial charges | 65 | €161 | €520 | +€359 | +223% |
| Profit (loss) for the period before taxes | 9903 | €48,263 | €34,106 | -€14,157 | -29.3% |
| Income taxes | 67/77 | €10,804 | €8,344 | -€2,461 | -22.8% |
| Profit (loss) for the period | 9904 | €37,459 | €25,762 | -€11,697 | -31.2% |
| Profit (loss) for the period to be appropriated | 9905 | €37,459 | €25,762 | -€11,697 | -31.2% |
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 31 October 2026 via checked.be.