Elma 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.
What changed
Elma Consulting
NACE 70.200, Business and other management consultancy
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€310,124
2024 · €250,171+€59,953
Equity
€1.2m
2024 · €1.0m+€208,447
Cash
€875,129
2024 · €544,439+€330,691
Balance sheet total
€1.3m
2024 · €1.1m+€220,757
Largest movements
Assets
- Cash +€330,691
up €330,691 (+60.7%), from €544,439 to €875,129
mainly Net result for the year (+€310,124) and Receivables after one year (+€112,000)
- Receivables after one year -€112,000
down €112,000 (-27.5%), from €408,000 to €296,000
Equity and liabilities
- Reserves +€208,447
up €208,447 (+20.7%), from €1.0m to €1.2m
Income statement
- Gross operating margin +€92,604
up €92,604 (+25.6%), from €361,765 to €454,369
- Taxes +€29,979
up €29,979 (+26.3%), from €113,900 to €143,880
- Depreciation +€5,082
up €5,082 (+111%), from €4,592 to €9,674
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
€250,171
Gross operating margin
+€92,604
Depreciation
-€5,082
Other operating charges
+€401
Other operating items
-€271
Financial income
+€2,308
Financial charges
-€28
Taxes
-€29,979
Result 2025
€310,124
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€434,044
Investment
-€1,676
Financing
-€101,677
Cash 2024
€544,439
From operations (derived)
+€434,044
Net result for the year
+€310,124
Depreciation
+€9,674
Receivables after one year
+€112,000
Receivables within one year
-€10,524
Smaller working-capital items
+€125
Tax, wage and social debts
+€11,109
Accrued charges and deferred income
+€1,535
Investment (derived)
-€1,676
Investment in fixed assets (net)
-€1,676
Financing
-€101,677
Contributions, distributions and other
-€101,677
Cash 2025
€875,129
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,050,169 | €1,270,927 | +€220,757 | +21.0% |
| Fixed assets | 21/28 | €89,422 | €81,425 | -€7,997 | -8.9% |
| Tangible fixed assets | 22/27 | €89,422 | €81,425 | -€7,997 | -8.9% |
| Land and buildings | 22 | €50,000 | €50,000 | = | 0.0% |
| Plant, machinery and equipment | 23 | €1,386 | €948 | -€438 | -31.6% |
| Furniture and vehicles | 24 | €38,036 | €30,477 | -€7,559 | -19.9% |
| Current assets | 29/58 | €960,747 | €1,189,501 | +€228,754 | +23.8% |
| Amounts receivable after more than one year | 29 | €408,000 | €296,000 | -€112,000 | -27.5% |
| Other amounts receivable | 291 | €408,000 | €296,000 | -€112,000 | -27.5% |
| Amounts receivable within one year | 40/41 | €4,405 | €14,928 | +€10,524 | +239% |
| Trade receivables | 40 | €1,065 | €13,340 | +€12,275 | +1,153% |
| Other amounts receivable | 41 | €3,340 | €1,588 | -€1,752 | -52.4% |
| Cash at bank and in hand | 54/58 | €544,439 | €875,129 | +€330,691 | +60.7% |
| Deferred charges and accrued income | 490/1 | €3,903 | €3,443 | -€460 | -11.8% |
| Total equity and liabilities | 10/49 | €1,050,169 | €1,270,927 | +€220,757 | +21.0% |
| Equity | 10/15 | €1,014,619 | €1,223,066 | +€208,447 | +20.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,008,419 | €1,216,866 | +€208,447 | +20.7% |
| Distributable reserves | 133 | €1,008,419 | €1,216,866 | +€208,447 | +20.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €35,551 | €47,861 | +€12,310 | +34.6% |
| Amounts payable within one year | 42/48 | €32,965 | €43,740 | +€10,775 | +32.7% |
| Trade debts | 44 | €1,045 | €711 | -€335 | -32.0% |
| Suppliers | 440/4 | €1,045 | €711 | -€335 | -32.0% |
| Taxes, remuneration and social security | 45 | €31,920 | €43,029 | +€11,109 | +34.8% |
| Taxes | 450/3 | €31,920 | €40,279 | +€8,359 | +26.2% |
| Remuneration and social security | 454/9 | - | €2,750 | +€2,750 | |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €2,585 | €4,121 | +€1,535 | +59.4% |
| Non-recurring operating income | 76A | €8,265 | €0 | -€8,265 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,592 | €9,674 | +€5,082 | +111% |
| Other operating charges | 640/8 | €1,543 | €1,142 | -€401 | -26.0% |
| Non-recurring operating charges | 66A | - | €271 | +€271 | |
| Gross operating margin | 9900 | €361,765 | €454,369 | +€92,604 | +25.6% |
| Operating profit (loss) | 9901 | €355,630 | €443,282 | +€87,652 | +24.6% |
| Financial income | 75/76B | €8,498 | €10,805 | +€2,308 | +27.2% |
| Recurring financial income | 75 | €8,498 | €10,805 | +€2,308 | +27.2% |
| Financial charges | 65/66B | €56 | €84 | +€28 | +50.0% |
| Recurring financial charges | 65 | €56 | €84 | +€28 | +50.0% |
| Profit (loss) for the period before taxes | 9903 | €364,072 | €454,004 | +€89,932 | +24.7% |
| Income taxes | 67/77 | €113,900 | €143,880 | +€29,979 | +26.3% |
| Profit (loss) for the period | 9904 | €250,171 | €310,124 | +€59,953 | +24.0% |
| Profit (loss) for the period to be appropriated | 9905 | €250,171 | €310,124 | +€59,953 | +24.0% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.