Elmi Adviesbureau: what changed
Elmi Adviesbureau
Largest movements
- Receivables within one year -€14,909
down €14,909 (-15.1%), from €98,584 to €83,675
of which Other amounts receivable: -€14,098
- Cash +€13,378
up €13,378 (+27.8%), from €48,108 to €61,486
mainly Other debts (+€96,003) and Receivables within one year (+€14,909)
- Tangible fixed assets -€2,941
down €2,941 (-17.9%), from €16,471 to €13,531
of which Other tangible fixed assets: -€1,499
- Reserves -€105,886
down €105,886 (-68.5%), from €154,496 to €48,610
- Other debts +€96,003
up €96,003 (+504%), from €19,038 to €115,041
- Tax, wage and social debts +€5,622
up €5,622 (+107%), from €5,273 to €10,895
of which Taxes: +€6,672
- Taxes +€5,152
up €5,152 (+85.1%), from €6,056 to €11,207
- Gross operating margin -€3,613
down €3,613 (-15.6%), from €23,174 to €19,561
- Financial income -€1,069
down €1,069 (-19.5%), from €5,496 to €4,426
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €164,529 | €158,692 | -€5,837 | -3.5% |
| Fixed assets | 21/28 | €16,471 | €13,531 | -€2,941 | -17.9% |
| Tangible fixed assets | 22/27 | €16,471 | €13,531 | -€2,941 | -17.9% |
| Furniture and vehicles | 24 | €4,290 | €2,848 | -€1,442 | -33.6% |
| Other tangible fixed assets | 26 | €12,182 | €10,683 | -€1,499 | -12.3% |
| Current assets | 29/58 | €148,057 | €145,161 | -€2,896 | -2.0% |
| Amounts receivable within one year | 40/41 | €98,584 | €83,675 | -€14,909 | -15.1% |
| Trade receivables | 40 | €1,658 | €847 | -€811 | -48.9% |
| Other amounts receivable | 41 | €96,926 | €82,828 | -€14,098 | -14.5% |
| Cash at bank and in hand | 54/58 | €48,108 | €61,486 | +€13,378 | +27.8% |
| Deferred charges and accrued income | 490/1 | €1,366 | €0 | -€1,366 | -100% |
| Total equity and liabilities | 10/49 | €164,529 | €158,692 | -€5,837 | -3.5% |
| Equity | 10/15 | €135,760 | €29,874 | -€105,886 | -78.0% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €154,496 | €48,610 | -€105,886 | -68.5% |
| Distributable reserves | 133 | €154,496 | €48,610 | -€105,886 | -68.5% |
| Profit (loss) carried forward | 14 | -€20,736 | -€20,736 | = | 0.0% |
| Amounts payable | 17/49 | €28,769 | €128,818 | +€100,049 | +348% |
| Amounts payable within one year | 42/48 | €28,769 | €128,818 | +€100,049 | +348% |
| Trade debts | 44 | €4,458 | €2,882 | -€1,576 | -35.3% |
| Suppliers | 440/4 | €4,458 | €2,882 | -€1,576 | -35.3% |
| Taxes, remuneration and social security | 45 | €5,273 | €10,895 | +€5,622 | +107% |
| Taxes | 450/3 | €4,223 | €10,895 | +€6,672 | +158% |
| Remuneration and social security | 454/9 | €1,050 | €0 | -€1,050 | -100% |
| Other amounts payable | 47/48 | €19,038 | €115,041 | +€96,003 | +504% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,941 | €2,941 | = | 0.0% |
| Other operating charges | 640/8 | €505 | €520 | +€14 | +2.8% |
| Gross operating margin | 9900 | €23,174 | €19,561 | -€3,613 | -15.6% |
| Operating profit (loss) | 9901 | €19,728 | €16,101 | -€3,627 | -18.4% |
| Financial income | 75/76B | €5,496 | €4,426 | -€1,069 | -19.5% |
| Recurring financial income | 75 | €5,496 | €4,426 | -€1,069 | -19.5% |
| Financial charges | 65/66B | €130 | €165 | +€35 | +27.0% |
| Recurring financial charges | 65 | €130 | €165 | +€35 | +27.0% |
| Profit (loss) for the period before taxes | 9903 | €25,094 | €20,362 | -€4,731 | -18.9% |
| Income taxes | 67/77 | €6,056 | €11,207 | +€5,152 | +85.1% |
| Profit (loss) for the period | 9904 | €19,038 | €9,155 | -€9,883 | -51.9% |
| Profit (loss) for the period to be appropriated | 9905 | €19,038 | €9,155 | -€9,883 | -51.9% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.