ELF CONSULTING: 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 CONSULTING
Largest movements
- Receivables within one year -€34,503
down €34,503 (-71.0%), from €48,584 to €14,082
of which Trade receivables: -€32,172
- Tangible fixed assets -€14,972
down €14,972 (-26.5%), from €56,422 to €41,450
- Cash +€12,580
up €12,580 (+13.7%), from €91,539 to €104,119
mainly Receivables within one year (+€34,503) and Depreciation (+€14,972)
- Profit (loss) carried forward -€29,506
down €29,506 (-21.2%), from €138,854 to €109,348
- Other debts +€13,329
up €13,329 (+50.2%), from €26,570 to €39,899
- Trade debts -€11,450
down €11,450 (-80.0%), from €14,307 to €2,857
- Advances received -€6,955
down €6,955 (-62.4%), from €11,153 to €4,197
- Gross operating margin -€38,761
down €38,761 (-44.3%), from €87,577 to €48,816
- Staff costs +€8,740
up €8,740 (+206%), from €4,248 to €12,989
- Depreciation +€5,666
up €5,666 (+60.9%), from €9,306 to €14,972
- Taxes +€2,338
up €2,338 (+24.4%), from €9,600 to €11,938
- Other operating charges +€1,248
up €1,248 (+65.3%), from €1,910 to €3,158
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 | €199,745 | €163,378 | -€36,367 | -18.2% |
| Fixed assets | 21/28 | €59,622 | €44,952 | -€14,670 | -24.6% |
| Tangible fixed assets | 22/27 | €56,422 | €41,450 | -€14,972 | -26.5% |
| Furniture and vehicles | 24 | €56,422 | €41,450 | -€14,972 | -26.5% |
| Financial fixed assets | 28 | €3,200 | €3,503 | +€303 | +9.5% |
| Current assets | 29/58 | €140,123 | €118,426 | -€21,697 | -15.5% |
| Amounts receivable within one year | 40/41 | €48,584 | €14,082 | -€34,503 | -71.0% |
| Trade receivables | 40 | €42,727 | €10,555 | -€32,172 | -75.3% |
| Other amounts receivable | 41 | €5,857 | €3,526 | -€2,331 | -39.8% |
| Cash at bank and in hand | 54/58 | €91,539 | €104,119 | +€12,580 | +13.7% |
| Deferred charges and accrued income | 490/1 | - | €226 | +€226 | |
| Total equity and liabilities | 10/49 | €199,745 | €163,378 | -€36,367 | -18.2% |
| Equity | 10/15 | €144,854 | €115,348 | -€29,506 | -20.4% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Capital | 10 | - | €6,000 | +€6,000 | |
| Issued capital | 100 | - | €6,000 | +€6,000 | |
| Profit (loss) carried forward | 14 | €138,854 | €109,348 | -€29,506 | -21.2% |
| Amounts payable | 17/49 | €54,891 | €48,030 | -€6,861 | -12.5% |
| Amounts payable within one year | 42/48 | €54,891 | €48,030 | -€6,861 | -12.5% |
| Trade debts | 44 | €14,307 | €2,857 | -€11,450 | -80.0% |
| Suppliers | 440/4 | €14,307 | €2,857 | -€11,450 | -80.0% |
| Advances received on contracts in progress | 46 | €11,153 | €4,197 | -€6,955 | -62.4% |
| Taxes, remuneration and social security | 45 | €2,861 | €1,077 | -€1,784 | -62.3% |
| Taxes | 450/3 | €2,861 | €791 | -€2,070 | -72.4% |
| Remuneration and social security | 454/9 | - | €286 | +€286 | |
| Other amounts payable | 47/48 | €26,570 | €39,899 | +€13,329 | +50.2% |
| Remuneration, social security and pensions | 62 | €4,248 | €12,989 | +€8,740 | +206% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,306 | €14,972 | +€5,666 | +60.9% |
| Other operating charges | 640/8 | €1,910 | €3,158 | +€1,248 | +65.3% |
| Gross operating margin | 9900 | €87,577 | €48,816 | -€38,761 | -44.3% |
| Operating profit (loss) | 9901 | €72,112 | €17,697 | -€54,415 | -75.5% |
| Financial charges | 65/66B | €96 | €265 | +€169 | +176% |
| Recurring financial charges | 65 | €96 | €265 | +€169 | +176% |
| Profit (loss) for the period before taxes | 9903 | €72,016 | €17,432 | -€54,584 | -75.8% |
| Income taxes | 67/77 | €9,600 | €11,938 | +€2,338 | +24.4% |
| Profit (loss) for the period | 9904 | €62,416 | €5,494 | -€56,922 | -91.2% |
| Profit (loss) for the period to be appropriated | 9905 | €62,416 | €5,494 | -€56,922 | -91.2% |
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 14 October 2026 via checked.be.