ELOY MANAGEMENT: 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
ELOY MANAGEMENT
NACE 70.200, Business and other management consultancy
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€240,294
2024 · €732,880-€973,173
Equity
€8.0m
2024 · €8.2m-€240,294
Cash
€3,237
2024 · €62,441-€59,205
Balance sheet total
€14.5m
2024 · €10.5m+€4.0m
Largest movements
Assets
- Current investments +€3.4m
up €3.4m (+237%), from €1.4m to €4.9m
- Receivables within one year +€523,471
up €523,471 (+49.0%), from €1.1m to €1.6m
of which Other amounts receivable: +€516,833
Equity and liabilities
- Other debts +€4.7m
up €4.7m (+11,322%), from €41,083 to €4.7m
- Profit (loss) carried forward -€240,294
down €240,294 (-9.5%), from €2.5m to €2.3m
- Trade debts -€239,667
down €239,667 (-93.8%), from €255,605 to €15,938
- Debts after one year -€211,363
down €211,363 (-26.1%), from €810,132 to €598,769
Income statement
- Financial income -€606,936
down €606,936 (-87.7%), from €692,160 to €85,224
- Financial charges +€230,289
up €230,289 (+299%), from €77,066 to €307,355
- Turnover -€224,044
down €224,044 (-56.9%), from €393,818 to €169,775
- Taxes -€63,350
down €63,350 (-100%), from €63,350 to €0
of which Taxes: -€63,350
- Other operating income +€8,954
up €8,954 (+11.0%), from €81,748 to €90,702
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
€732,880
Turnover
-€224,044
Other operating income
+€8,954
Services and other goods
+€2,104
Depreciation
+€3,887
Other operating charges
+€5,058
Other operating items
+€4,743
Financial income
-€606,936
Financial charges
-€230,289
Taxes
+€63,350
Result 2025
-€240,294
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
+€3.6m
Investment
-€3.5m
Financing
-€203,114
Cash 2024
€62,441
From operations (derived)
+€3.6m
Net result for the year
-€240,294
Depreciation
+€114,160
Receivables after one year
-€143,568
Receivables within one year
-€523,471
Deferred charges and accrued income
-€26,914
Trade debts
-€239,667
Tax, wage and social debts
-€851
Other debts
+€4.7m
Accrued charges and deferred income
+€46,798
Investment (derived)
-€3.5m
Investment in fixed assets (net)
-€83,396
Current investments
-€3.4m
Financing
-€203,114
Debts after one year
-€211,363
Current portion of long-term debt
+€8,249
Cash 2025
€3,237
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €10,531,927 | €14,546,128 | +€4.0m | +38.1% |
| Fixed assets | 21/28 | €7,917,162 | €7,886,398 | -€30,764 | -0.4% |
| Tangible fixed assets | 22/27 | €1,940,140 | €1,909,376 | -€30,764 | -1.6% |
| Land and buildings | 22 | €1,936,873 | €1,907,955 | -€28,917 | -1.5% |
| Furniture and vehicles | 24 | €3,267 | €1,420 | -€1,847 | -56.5% |
| Financial fixed assets | 28 | €5,977,022 | €5,977,022 | = | 0.0% |
| Affiliated companies | 280/1 | €5,805,022 | €5,805,022 | = | 0.0% |
| Participating interests | 280 | €5,805,022 | €5,805,022 | = | 0.0% |
| Other financial fixed assets | 284/8 | €172,000 | €172,000 | = | 0.0% |
| Shares | 284 | €172,000 | €172,000 | = | 0.0% |
| Current assets | 29/58 | €2,614,765 | €6,659,730 | +€4.0m | +155% |
| Amounts receivable after more than one year | 29 | €17,969 | €161,537 | +€143,568 | +799% |
| Other amounts receivable | 291 | €17,969 | €161,537 | +€143,568 | +799% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €1,067,916 | €1,591,387 | +€523,471 | +49.0% |
| Trade receivables | 40 | €3,332 | €9,970 | +€6,638 | +199% |
| Other amounts receivable | 41 | €1,064,584 | €1,581,417 | +€516,833 | +48.5% |
| Current investments | 50/53 | €1,439,922 | €4,850,139 | +€3.4m | +237% |
| Other investments | 51/53 | €1,439,922 | €4,850,139 | +€3.4m | +237% |
| Cash at bank and in hand | 54/58 | €62,441 | €3,237 | -€59,205 | -94.8% |
| Deferred charges and accrued income | 490/1 | €26,516 | €53,430 | +€26,914 | +102% |
| Total equity and liabilities | 10/49 | €10,531,927 | €14,546,128 | +€4.0m | +38.1% |
| Equity | 10/15 | €8,244,370 | €8,004,076 | -€240,294 | -2.9% |
| Contributions | 10/11 | €5,149,734 | €5,149,734 | = | 0.0% |
| Capital | 10 | €5,149,734 | €5,149,734 | = | 0.0% |
| Issued capital | 100 | €5,149,734 | €5,149,734 | = | 0.0% |
| Reserves | 13 | €576,113 | €576,113 | = | 0.0% |
| Non-distributable reserves | 130/1 | €86,023 | €86,023 | = | 0.0% |
| Legal reserve | 130 | €86,023 | €86,023 | = | 0.0% |
| Tax-exempt reserves | 132 | €315,750 | €126,300 | -€189,450 | -60.0% |
| Distributable reserves | 133 | €174,340 | €363,790 | +€189,450 | +109% |
| Profit (loss) carried forward | 14 | €2,518,522 | €2,278,228 | -€240,294 | -9.5% |
| Amounts payable | 17/49 | €2,287,557 | €6,542,052 | +€4.3m | +186% |
| Amounts payable after more than one year | 17 | €810,132 | €598,769 | -€211,363 | -26.1% |
| Financial debts | 170/4 | €810,132 | €598,769 | -€211,363 | -26.1% |
| Credit institutions | 173 | €810,132 | €598,769 | -€211,363 | -26.1% |
| Amounts payable within one year | 42/48 | €1,444,259 | €5,863,319 | +€4.4m | +306% |
| Current portion of amounts payable after more than one year | 42 | €208,901 | €217,150 | +€8,249 | +3.9% |
| Financial debts | 43 | €900,000 | €900,000 | = | 0.0% |
| Credit institutions | 430/8 | €900,000 | €900,000 | = | 0.0% |
| Trade debts | 44 | €255,605 | €15,938 | -€239,667 | -93.8% |
| Suppliers | 440/4 | €255,605 | €15,938 | -€239,667 | -93.8% |
| Taxes, remuneration and social security | 45 | €38,670 | €37,819 | -€851 | -2.2% |
| Taxes | 450/3 | €38,670 | €37,819 | -€851 | -2.2% |
| Other amounts payable | 47/48 | €41,083 | €4,692,412 | +€4.7m | +11,322% |
| Accrued charges and deferred income | 492/3 | €33,166 | €79,963 | +€46,798 | +141% |
| Operating income | 70/76A | €476,016 | €265,669 | -€210,347 | -44.2% |
| Turnover | 70 | €393,818 | €169,775 | -€224,044 | -56.9% |
| Other operating income | 74 | €81,748 | €90,702 | +€8,954 | +11.0% |
| Non-recurring operating income | 76A | €450 | €5,193 | +€4,743 | +1,054% |
| Operating charges | 60/66A | €294,880 | €283,831 | -€11,049 | -3.7% |
| Services and other goods | 61 | €160,465 | €158,361 | -€2,104 | -1.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €118,047 | €114,160 | -€3,887 | -3.3% |
| Other operating charges | 640/8 | €16,368 | €11,310 | -€5,058 | -30.9% |
| Operating profit (loss) | 9901 | €181,136 | -€18,163 | -€199,298 | |
| Financial income | 75/76B | €692,160 | €85,224 | -€606,936 | -87.7% |
| Recurring financial income | 75 | €692,160 | €85,224 | -€606,936 | -87.7% |
| Income from financial fixed assets | 750 | €564,493 | €0 | -€564,493 | -100% |
| Income from current assets | 751 | €86,932 | €79,004 | -€7,927 | -9.1% |
| Other financial income | 752/9 | €40,735 | €6,219 | -€34,516 | -84.7% |
| Financial charges | 65/66B | €77,066 | €307,355 | +€230,289 | +299% |
| Recurring financial charges | 65 | €77,066 | €307,355 | +€230,289 | +299% |
| Debt charges | 650 | €71,716 | €123,643 | +€51,927 | +72.4% |
| Other financial charges | 652/9 | €5,350 | €183,712 | +€178,362 | +3,334% |
| Profit (loss) for the period before taxes | 9903 | €796,230 | -€240,294 | -€1.0m | |
| Income taxes | 67/77 | €63,350 | €0 | -€63,350 | -100% |
| Taxes | 670/3 | €63,350 | €0 | -€63,350 | -100% |
| Tax adjustments and reversals of tax provisions | 77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | €732,880 | -€240,294 | -€973,173 | |
| Transfer from tax-exempt reserves | 789 | €0 | €189,450 | +€189,450 | |
| Transfer to tax-exempt reserves | 689 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €732,880 | -€50,844 | -€783,723 |
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 25 October 2026 via checked.be.