ELPALA 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.
ELPALA CONSULT
Largest movements
- Current investments +€29,406
up €29,406 (+98.0%), from €30,000 to €59,406
- Cash -€27,307
down €27,307 (-24.0%), from €113,901 to €86,593
mainly Contributions, distributions and other (-€60,000) and Current investments (-€29,406)
- Tangible fixed assets -€11,364
down €11,364 (-94.8%), from €11,987 to €623
- Receivables within one year +€9,381
up €9,381 (+27.5%), from €34,161 to €43,541
of which Other amounts receivable: +€6,427
- Other debts +€48,860
up €48,860 (+352.3%), from €13,870 to €62,730
- Reserves -€44,830
down €44,830 (-30.0%), from €149,445 to €104,615
of which Distributable reserves: -€44,830
- Tax, wage and social debts -€4,982
down €4,982 (-50.6%), from €9,843 to €4,861
of which Taxes: -€4,982
- Gross operating margin -€28,905
down €28,905 (-48.0%), from €60,183 to €31,278
- Taxes -€5,044
down €5,044 (-52.5%), from €9,612 to €4,568
- Depreciation -€1,801
down €1,801 (-13.0%), from €13,825 to €12,024
- Financial income +€1,600
up €1,600 (+139.5%), from €1,147 to €2,748
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.
Cash bridge derived
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 | €192,648 | €192,940 | +€292 | +0.2% |
| Fixed assets | 21/28 | €11,987 | €623 | -€11,364 | -94.8% |
| Tangible fixed assets | 22/27 | €11,987 | €623 | -€11,364 | -94.8% |
| Furniture and vehicles | 24 | €11,987 | €623 | -€11,364 | -94.8% |
| Current assets | 29/58 | €180,662 | €192,317 | +€11,655 | +6.5% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €34,161 | €43,541 | +€9,381 | +27.5% |
| Trade receivables | 40 | €32,910 | €35,863 | +€2,953 | +9.0% |
| Other amounts receivable | 41 | €1,251 | €7,678 | +€6,427 | +513.9% |
| Current investments | 50/53 | €30,000 | €59,406 | +€29,406 | +98.0% |
| Cash at bank and in hand | 54/58 | €113,901 | €86,593 | -€27,307 | -24.0% |
| Deferred charges and accrued income | 490/1 | €2,600 | €2,776 | +€176 | +6.8% |
| Total equity and liabilities | 10/49 | €192,648 | €192,940 | +€292 | +0.2% |
| Equity | 10/15 | €168,045 | €123,215 | -€44,830 | -26.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €149,445 | €104,615 | -€44,830 | -30.0% |
| Non-distributable reserves | 130/1 | €785 | €785 | = | 0.0% |
| Reserves not available under the articles | 1311 | €785 | €785 | = | 0.0% |
| Distributable reserves | 133 | €148,660 | €103,830 | -€44,830 | -30.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €24,604 | €69,725 | +€45,122 | +183.4% |
| Amounts payable within one year | 42/48 | €24,604 | €69,725 | +€45,122 | +183.4% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €890 | €2,134 | +€1,243 | +139.6% |
| Suppliers | 440/4 | €890 | €2,134 | +€1,243 | +139.6% |
| Taxes, remuneration and social security | 45 | €9,843 | €4,861 | -€4,982 | -50.6% |
| Taxes | 450/3 | €9,843 | €4,861 | -€4,982 | -50.6% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €13,870 | €62,730 | +€48,860 | +352.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,825 | €12,024 | -€1,801 | -13.0% |
| Other operating charges | 640/8 | €1,042 | €1,568 | +€526 | +50.4% |
| Gross operating margin | 9900 | €60,183 | €31,278 | -€28,905 | -48.0% |
| Operating profit (loss) | 9901 | €45,316 | €17,686 | -€27,629 | -61.0% |
| Financial income | 75/76B | €1,147 | €2,748 | +€1,600 | +139.5% |
| Recurring financial income | 75 | €1,147 | €2,748 | +€1,600 | +139.5% |
| Financial charges | 65/66B | €884 | €696 | -€188 | -21.3% |
| Recurring financial charges | 65 | €884 | €696 | -€188 | -21.3% |
| Profit (loss) for the period before taxes | 9903 | €45,579 | €19,738 | -€25,841 | -56.7% |
| Income taxes | 67/77 | €9,612 | €4,568 | -€5,044 | -52.5% |
| Profit (loss) for the period | 9904 | €35,967 | €15,170 | -€20,797 | -57.8% |
| Profit (loss) for the period to be appropriated | 9905 | €35,967 | €15,170 | -€20,797 | -57.8% |
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 9 October 2026 via checked.be.