ELRB ADVISORY SERVICES: 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.
ELRB ADVISORY SERVICES
Largest movements
- Financial fixed assets +€180,000
up €180,000 (+240%), from €75,052 to €255,052
- Receivables within one year -€24,310
down €24,310 (-97.3%), from €24,996 to €687
of which Trade receivables: -€24,550
- Cash +€11,654
up €11,654 (+269%), from €4,328 to €15,982
mainly Debts after one year (+€127,000) and Net result for the year (+€41,115)
- Tangible fixed assets +€4,748
up €4,748 (+426%), from €1,114 to €5,862
of which Other tangible fixed assets: +€5,663
- Debts after one year +€127,000
new in 2025: €127,000
- Profit (loss) carried forward +€41,115
up €41,115 (+53.2%), from €77,298 to €118,413
- Gross operating margin +€9,019
up €9,019 (+16.4%), from €54,895 to €63,914
- Depreciation +€1,902
up €1,902 (+196%), from €969 to €2,871
- Taxes +€1,280
up €1,280 (+8.6%), from €14,934 to €16,213
- Other operating charges +€848
up €848 (+41.8%), from €2,032 to €2,880
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 | €106,443 | €278,594 | +€172,151 | +162% |
| Fixed assets | 21/28 | €76,166 | €260,914 | +€184,748 | +243% |
| Tangible fixed assets | 22/27 | €1,114 | €5,862 | +€4,748 | +426% |
| Furniture and vehicles | 24 | €1,114 | €200 | -€915 | -82.1% |
| Other tangible fixed assets | 26 | - | €5,663 | +€5,663 | |
| Financial fixed assets | 28 | €75,052 | €255,052 | +€180,000 | +240% |
| Current assets | 29/58 | €30,277 | €17,679 | -€12,597 | -41.6% |
| Amounts receivable within one year | 40/41 | €24,996 | €687 | -€24,310 | -97.3% |
| Trade receivables | 40 | €24,550 | - | -€24,550 | |
| Other amounts receivable | 41 | €446 | €687 | +€240 | +53.9% |
| Cash at bank and in hand | 54/58 | €4,328 | €15,982 | +€11,654 | +269% |
| Deferred charges and accrued income | 490/1 | €952 | €1,010 | +€58 | +6.1% |
| Total equity and liabilities | 10/49 | €106,443 | €278,594 | +€172,151 | +162% |
| Equity | 10/15 | €80,298 | €121,413 | +€41,115 | +51.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €77,298 | €118,413 | +€41,115 | +53.2% |
| Amounts payable | 17/49 | €26,145 | €157,181 | +€131,036 | +501% |
| Amounts payable after more than one year | 17 | - | €127,000 | +€127,000 | |
| Other amounts payable | 178/9 | - | €127,000 | +€127,000 | |
| Amounts payable within one year | 42/48 | €26,145 | €30,181 | +€4,036 | +15.4% |
| Trade debts | 44 | €114 | €286 | +€172 | +151% |
| Suppliers | 440/4 | €114 | €286 | +€172 | +151% |
| Taxes, remuneration and social security | 45 | €26,031 | €27,404 | +€1,372 | +5.3% |
| Taxes | 450/3 | €26,031 | €27,404 | +€1,372 | +5.3% |
| Other amounts payable | 47/48 | - | €2,492 | +€2,492 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €969 | €2,871 | +€1,902 | +196% |
| Other operating charges | 640/8 | €2,032 | €2,880 | +€848 | +41.8% |
| Gross operating margin | 9900 | €54,895 | €63,914 | +€9,019 | +16.4% |
| Operating profit (loss) | 9901 | €51,894 | €58,162 | +€6,268 | +12.1% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €1,157 | €835 | -€322 | -27.8% |
| Recurring financial charges | 65 | €1,157 | €835 | -€322 | -27.8% |
| Profit (loss) for the period before taxes | 9903 | €50,738 | €57,328 | +€6,590 | +13.0% |
| Income taxes | 67/77 | €14,934 | €16,213 | +€1,280 | +8.6% |
| Profit (loss) for the period | 9904 | €35,804 | €41,115 | +€5,311 | +14.8% |
| Profit (loss) for the period to be appropriated | 9905 | €35,804 | €41,115 | +€5,311 | +14.8% |
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 23 October 2026 via checked.be.