Elf 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.
Elf Consult
Largest movements
- Cash -€24,374
down €24,374 (-60.2%), from €40,488 to €16,114
mainly Contributions, distributions and other (-€64,000) and Receivables within one year (-€4,264)
- Tangible fixed assets -€6,896
down €6,896 (-31.1%), from €22,186 to €15,290
of which Plant, machinery and equipment: -€8,166
- Receivables within one year +€4,264
up €4,264 (+9.9%), from €43,178 to €47,442
of which Other amounts receivable: +€5,272
- Reserves -€42,601
down €42,601 (-49.6%), from €85,943 to €43,341
- Tax, wage and social debts +€12,137
up €12,137 (+133%), from €9,126 to €21,262
- Other debts +€2,940
up €2,940 (+62.3%), from €4,718 to €7,658
- Gross operating margin -€25,456
down €25,456 (-37.6%), from €67,629 to €42,173
- Taxes -€5,873
down €5,873 (-46.6%), from €12,600 to €6,728
- Financial charges +€3,079
up €3,079 (+1,015%), from €303 to €3,383
- Depreciation +€2,236
up €2,236 (+29.3%), from €7,635 to €9,871
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 | €106,180 | €79,445 | -€26,736 | -25.2% |
| Fixed assets | 21/28 | €22,286 | €15,490 | -€6,796 | -30.5% |
| Tangible fixed assets | 22/27 | €22,186 | €15,290 | -€6,896 | -31.1% |
| Plant, machinery and equipment | 23 | €19,488 | €11,322 | -€8,166 | -41.9% |
| Furniture and vehicles | 24 | €2,698 | €3,968 | +€1,270 | +47.0% |
| Financial fixed assets | 28 | €100 | €200 | +€100 | +100% |
| Current assets | 29/58 | €83,895 | €63,955 | -€19,940 | -23.8% |
| Amounts receivable within one year | 40/41 | €43,178 | €47,442 | +€4,264 | +9.9% |
| Trade receivables | 40 | €31,766 | €30,758 | -€1,008 | -3.2% |
| Other amounts receivable | 41 | €11,412 | €16,684 | +€5,272 | +46.2% |
| Cash at bank and in hand | 54/58 | €40,488 | €16,114 | -€24,374 | -60.2% |
| Deferred charges and accrued income | 490/1 | €229 | €399 | +€170 | +74.4% |
| Total equity and liabilities | 10/49 | €106,180 | €79,445 | -€26,736 | -25.2% |
| Equity | 10/15 | €89,943 | €47,341 | -€42,601 | -47.4% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €85,943 | €43,341 | -€42,601 | -49.6% |
| Distributable reserves | 133 | €85,943 | €43,341 | -€42,601 | -49.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €16,238 | €32,103 | +€15,865 | +97.7% |
| Amounts payable within one year | 42/48 | €16,238 | €32,103 | +€15,865 | +97.7% |
| Trade debts | 44 | €2,394 | €3,183 | +€789 | +33.0% |
| Suppliers | 440/4 | €2,394 | €3,183 | +€789 | +33.0% |
| Taxes, remuneration and social security | 45 | €9,126 | €21,262 | +€12,137 | +133% |
| Taxes | 450/3 | €9,126 | €21,262 | +€12,137 | +133% |
| Other amounts payable | 47/48 | €4,718 | €7,658 | +€2,940 | +62.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,635 | €9,871 | +€2,236 | +29.3% |
| Other operating charges | 640/8 | €233 | €792 | +€559 | +240% |
| Gross operating margin | 9900 | €67,629 | €42,173 | -€25,456 | -37.6% |
| Operating profit (loss) | 9901 | €59,761 | €31,509 | -€28,252 | -47.3% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €303 | €3,383 | +€3,079 | +1,015% |
| Recurring financial charges | 65 | €303 | €3,383 | +€3,079 | +1,015% |
| Profit (loss) for the period before taxes | 9903 | €59,458 | €28,126 | -€31,331 | -52.7% |
| Income taxes | 67/77 | €12,600 | €6,728 | -€5,873 | -46.6% |
| Profit (loss) for the period | 9904 | €46,857 | €21,399 | -€25,459 | -54.3% |
| Profit (loss) for the period to be appropriated | 9905 | €46,857 | €21,399 | -€25,459 | -54.3% |
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 17 October 2026 via checked.be.