ELEMENT61: 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.
What changed
ELEMENT61
NACE 70.200, Business and other management consultancy
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€3.2m
2024 · €971,723+€2.2m
Equity
€10.3m
2024 · €7.1m+€3.2m
Cash
€57,103
2024 · -+€57,103
Balance sheet total
€18.5m
2024 · €17.4m+€1.1m
Largest movements
Assets
- Receivables within one year +€706,095
up €706,095 (+5.3%), from €13.4m to €14.1m
of which Other amounts receivable: +€1.3m
- Stocks and contracts +€404,532
up €404,532 (+557.8%), from €72,520 to €477,051
- Intangible fixed assets -€230,020
down €230,020 (-6.5%), from €3.5m to €3.3m
Equity and liabilities
- Reserves +€3.2m
up €3.2m (+58.5%), from €5.4m to €8.6m
of which Distributable reserves: +€3.0m
- Trade debts -€2.9m
down €2.9m (-53.1%), from €5.4m to €2.5m
- Accrued charges and deferred income +€556,608
up €556,608 (+110.9%), from €501,885 to €1.1m
Income statement
- Turnover +€1.4m
up €1.4m (+5.5%), from €26.2m to €27.6m
- Services and other goods -€1.3m
down €1.3m (-18.5%), from €7.1m to €5.8m
- Staff costs +€1.2m
up €1.2m (+14.1%), from €8.2m to €9.4m
- Depreciation -€919,020
down €919,020 (-78.2%), from €1.2m to €256,200
- Taxes +€917,874
up €917,874 (+222.2%), from €413,000 to €1.3m
of which Taxes: +€621,754
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.
Result 2024
€971,723
Turnover
+€1.4m
Other operating income
+€131,596
Goods and materials
+€144,002
Services and other goods
+€1.3m
Staff costs
-€1.2m
Depreciation
+€919,020
Write-downs
-€128,308
Other operating charges
+€10,257
Other operating items
+€612,598
Financial income
-€195,774
Financial charges
+€26,347
Taxes
-€917,874
Result 2025
€3.2m
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.
From operations
+€60,158
Investment
-€58,055
Financing
+€55,000
Cash 2024
€0
From operations (derived)
+€60,158
Net result for the year
+€3.2m
Depreciation
+€256,200
Stocks and contracts
-€404,532
Receivables within one year
-€706,095
Deferred charges and accrued income
-€85,743
Trade debts
-€2.9m
Tax, wage and social debts
+€154,442
Other debts
+€9,521
Accrued charges and deferred income
+€556,608
Investment (derived)
-€58,055
Investment in fixed assets (net)
-€58,055
Financing
+€55,000
Debts after one year
+€55,000
Cash 2025
€57,103
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €17,401,005 | €18,456,334 | +€1.1m | +6.1% |
| Formation expenses | 20 | - | €47,100 | +€47,100 | |
| Fixed assets | 21/28 | €3,632,927 | €3,387,683 | -€245,244 | -6.8% |
| Intangible fixed assets | 21 | €3,529,925 | €3,299,905 | -€230,020 | -6.5% |
| Tangible fixed assets | 22/27 | €33,229 | €5,734 | -€27,495 | -82.7% |
| Plant, machinery and equipment | 23 | €33,229 | €5,734 | -€27,495 | -82.7% |
| Financial fixed assets | 28 | €69,774 | €82,044 | +€12,270 | +17.6% |
| Other financial fixed assets | 284/8 | €69,774 | €82,044 | +€12,270 | +17.6% |
| Amounts receivable and cash guarantees | 285/8 | €69,774 | €82,044 | +€12,270 | +17.6% |
| Current assets | 29/58 | €13,768,078 | €15,021,551 | +€1.3m | +9.1% |
| Stocks and contracts in progress | 3 | €72,520 | €477,051 | +€404,532 | +557.8% |
| Contracts in progress | 37 | €72,520 | €477,051 | +€404,532 | +557.8% |
| Amounts receivable within one year | 40/41 | €13,425,127 | €14,131,222 | +€706,095 | +5.3% |
| Trade receivables | 40 | €6,361,269 | €5,727,649 | -€633,620 | -10.0% |
| Other amounts receivable | 41 | €7,063,858 | €8,403,573 | +€1.3m | +19.0% |
| Cash at bank and in hand | 54/58 | - | €57,103 | +€57,103 | |
| Deferred charges and accrued income | 490/1 | €270,432 | €356,174 | +€85,743 | +31.7% |
| Total equity and liabilities | 10/49 | €17,401,005 | €18,456,334 | +€1.1m | +6.1% |
| Equity | 10/15 | €7,110,003 | €10,266,962 | +€3.2m | +44.4% |
| Contributions | 10/11 | €1,710,000 | €1,710,000 | = | 0.0% |
| Capital | 10 | €1,710,000 | €1,710,000 | = | 0.0% |
| Issued capital | 100 | €1,710,000 | €1,710,000 | = | 0.0% |
| Reserves | 13 | €5,400,003 | €8,556,962 | +€3.2m | +58.5% |
| Non-distributable reserves | 130/1 | €78,636 | €236,484 | +€157,848 | +200.7% |
| Legal reserve | 130 | €78,636 | €236,484 | +€157,848 | +200.7% |
| Tax-exempt reserves | 132 | €102,300 | €102,300 | = | 0.0% |
| Distributable reserves | 133 | €5,219,067 | €8,218,178 | +€3.0m | +57.5% |
| Amounts payable | 17/49 | €10,291,002 | €8,189,371 | -€2.1m | -20.4% |
| Amounts payable after more than one year | 17 | €2,300,000 | €2,355,000 | +€55,000 | +2.4% |
| Financial debts | 170/4 | €2,300,000 | €2,355,000 | +€55,000 | +2.4% |
| Credit institutions | 173 | €2,300,000 | - | -€2.3m | |
| Other loans | 174 | - | €2,355,000 | +€2.4m | |
| Amounts payable within one year | 42/48 | €7,489,117 | €4,775,878 | -€2.7m | -36.2% |
| Trade debts | 44 | €5,414,824 | €2,537,623 | -€2.9m | -53.1% |
| Suppliers | 440/4 | €5,414,824 | €2,537,623 | -€2.9m | -53.1% |
| Taxes, remuneration and social security | 45 | €2,074,292 | €2,228,734 | +€154,442 | +7.4% |
| Taxes | 450/3 | €562,918 | €521,095 | -€41,822 | -7.4% |
| Remuneration and social security | 454/9 | €1,511,375 | €1,707,639 | +€196,264 | +13.0% |
| Other amounts payable | 47/48 | - | €9,521 | +€9,521 | |
| Accrued charges and deferred income | 492/3 | €501,885 | €1,058,493 | +€556,608 | +110.9% |
| Operating income | 70/76A | €26,433,676 | €28,644,238 | +€2.2m | +8.4% |
| Turnover | 70 | €26,184,214 | €27,613,943 | +€1.4m | +5.5% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | -€249,687 | €404,532 | +€654,219 | |
| Other operating income | 74 | €491,805 | €623,401 | +€131,596 | +26.8% |
| Non-recurring operating income | 76A | €7,345 | €2,362 | -€4,983 | -67.8% |
| Operating charges | 60/66A | €25,223,458 | €24,161,482 | -€1.1m | -4.2% |
| Goods for resale, raw materials and consumables | 60 | €8,733,497 | €8,589,496 | -€144,002 | -1.6% |
| Purchases | 600/8 | €8,733,497 | €8,589,496 | -€144,002 | -1.6% |
| Services and other goods | 61 | €7,088,942 | €5,774,607 | -€1.3m | -18.5% |
| Remuneration, social security and pensions | 62 | €8,226,780 | €9,387,472 | +€1.2m | +14.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,175,220 | €256,200 | -€919,020 | -78.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€46,635 | €81,672 | +€128,308 | |
| Other operating charges | 640/8 | €29,861 | €19,604 | -€10,257 | -34.4% |
| Non-recurring operating charges | 66A | €15,793 | €52,431 | +€36,638 | +232.0% |
| Operating profit (loss) | 9901 | €1,210,218 | €4,482,756 | +€3.3m | +270.4% |
| Financial income | 75/76B | €363,615 | €167,841 | -€195,774 | -53.8% |
| Recurring financial income | 75 | €363,615 | €167,841 | -€195,774 | -53.8% |
| Income from current assets | 751 | €363,570 | €167,625 | -€195,945 | -53.9% |
| Other financial income | 752/9 | €45 | €215 | +€170 | +377.3% |
| Financial charges | 65/66B | €189,110 | €162,763 | -€26,347 | -13.9% |
| Recurring financial charges | 65 | €189,110 | €162,763 | -€26,347 | -13.9% |
| Debt charges | 650 | €185,671 | €159,470 | -€26,201 | -14.1% |
| Other financial charges | 652/9 | €3,438 | €3,293 | -€145 | -4.2% |
| Profit (loss) for the period before taxes | 9903 | €1,384,724 | €4,487,834 | +€3.1m | +224.1% |
| Income taxes | 67/77 | €413,000 | €1,330,874 | +€917,874 | +222.2% |
| Taxes | 670/3 | €868,236 | €1,489,990 | +€621,754 | +71.6% |
| Tax adjustments and reversals of tax provisions | 77 | €455,236 | €159,116 | -€296,120 | -65.0% |
| Profit (loss) for the period | 9904 | €971,723 | €3,156,959 | +€2.2m | +224.9% |
| Profit (loss) for the period to be appropriated | 9905 | €971,723 | €3,156,959 | +€2.2m | +224.9% |
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 1 October 2026 via checked.be.