ELRI: 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
ELRI
NACE 70.200, Business and other management consultancy
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€118,626
2024 · €7,298-€125,924
Equity
€24,618
2024 · €143,244-€118,626
Cash
€87
2024 · €7,350-€7,263
Balance sheet total
€842,482
2024 · €719,070+€123,412
Largest movements
Assets
- Stocks and contracts +€335,280
new in 2025: €335,280
- Tangible fixed assets -€194,907
down €194,907 (-35.5%), from €549,239 to €354,332
of which Land and buildings: -€187,262
- Deferred charges and accrued income -€10,000
down €10,000 (-100%), from €10,000 to €0
Equity and liabilities
- Profit (loss) carried forward -€118,626
new in 2025: -€118,626
- Debts after one year +€104,578
up €104,578 (+22.2%), from €470,029 to €574,607
- Other debts +€88,787
up €88,787 (+404%), from €21,982 to €110,769
- Trade debts +€46,077
up €46,077 (+4,043%), from €1,140 to €47,217
Income statement
- Gross operating margin -€104,865
down €104,865, from €63,194 to -€41,671
- Financial charges +€17,472
up €17,472 (+113%), from €15,522 to €32,994
- Taxes +€7,323
up €7,323 (+1,003%), from €730 to €8,053
- Staff costs -€2,440
down €2,440 (-100%), from €2,440 to €0
- Other operating charges -€1,710
down €1,710 (-97.2%), from €1,760 to €50
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
€7,298
Gross operating margin
-€104,865
Staff costs
+€2,440
Depreciation
-€415
Other operating charges
+€1,710
Financial income
+€0
Financial charges
-€17,472
Taxes
-€7,323
Result 2025
-€118,626
raises the resultlowers the result
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
-€270,151
Investment
+€156,549
Financing
+€106,339
Cash 2024
€7,350
From operations (derived)
-€270,151
Net result for the year
-€118,626
Depreciation
+€35,859
Stocks and contracts
-€335,280
Receivables within one year
+€2,198
Deferred charges and accrued income
+€10,000
Trade debts
+€46,077
Tax, wage and social debts
-€5,597
Other debts
+€88,787
Accrued charges and deferred income
+€6,432
Investment (derived)
+€156,549
Investment in fixed assets (net)
+€156,549
Financing
+€106,339
Debts after one year
+€104,578
Current portion of long-term debt
+€1,728
Short-term financial debts
+€34
Cash 2025
€87
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €719,070 | €842,482 | +€123,412 | +17.2% |
| Fixed assets | 21/28 | €549,239 | €356,832 | -€192,407 | -35.0% |
| Tangible fixed assets | 22/27 | €549,239 | €354,332 | -€194,907 | -35.5% |
| Land and buildings | 22 | €518,205 | €330,943 | -€187,262 | -36.1% |
| Plant, machinery and equipment | 23 | €774 | €321 | -€454 | -58.6% |
| Other tangible fixed assets | 26 | €30,260 | €23,068 | -€7,191 | -23.8% |
| Financial fixed assets | 28 | - | €2,500 | +€2,500 | |
| Current assets | 29/58 | €169,830 | €485,650 | +€315,819 | +186% |
| Stocks and contracts in progress | 3 | - | €335,280 | +€335,280 | |
| Contracts in progress | 37 | - | €335,280 | +€335,280 | |
| Amounts receivable within one year | 40/41 | €152,480 | €150,283 | -€2,198 | -1.4% |
| Trade receivables | 40 | €152,157 | €149,952 | -€2,205 | -1.4% |
| Other amounts receivable | 41 | €324 | €331 | +€7 | +2.2% |
| Cash at bank and in hand | 54/58 | €7,350 | €87 | -€7,263 | -98.8% |
| Deferred charges and accrued income | 490/1 | €10,000 | €0 | -€10,000 | -100% |
| Total equity and liabilities | 10/49 | €719,070 | €842,482 | +€123,412 | +17.2% |
| Equity | 10/15 | €143,244 | €24,618 | -€118,626 | -82.8% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €43,244 | €43,244 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €43,244 | €43,244 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€118,626 | -€118,626 | |
| Amounts payable | 17/49 | €575,826 | €817,864 | +€242,038 | +42.0% |
| Amounts payable after more than one year | 17 | €470,029 | €574,607 | +€104,578 | +22.2% |
| Financial debts | 170/4 | €470,029 | €574,607 | +€104,578 | +22.2% |
| Amounts payable within one year | 42/48 | €105,796 | €236,825 | +€131,028 | +124% |
| Current portion of amounts payable after more than one year | 42 | €63,569 | €65,296 | +€1,728 | +2.7% |
| Financial debts | 43 | €0 | €34 | +€34 | |
| Credit institutions | 430/8 | €0 | €34 | +€34 | |
| Trade debts | 44 | €1,140 | €47,217 | +€46,077 | +4,043% |
| Suppliers | 440/4 | €1,140 | €47,217 | +€46,077 | +4,043% |
| Taxes, remuneration and social security | 45 | €19,106 | €13,509 | -€5,597 | -29.3% |
| Taxes | 450/3 | €18,933 | €13,509 | -€5,424 | -28.6% |
| Remuneration and social security | 454/9 | €173 | €0 | -€173 | -100% |
| Other amounts payable | 47/48 | €21,982 | €110,769 | +€88,787 | +404% |
| Accrued charges and deferred income | 492/3 | - | €6,432 | +€6,432 | |
| Non-recurring operating income | 76A | - | €1,206 | +€1,206 | |
| Remuneration, social security and pensions | 62 | €2,440 | €0 | -€2,440 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,443 | €35,859 | +€415 | +1.2% |
| Other operating charges | 640/8 | €1,760 | €50 | -€1,710 | -97.2% |
| Gross operating margin | 9900 | €63,194 | -€41,671 | -€104,865 | |
| Operating profit (loss) | 9901 | €23,551 | -€77,579 | -€101,130 | |
| Financial income | 75/76B | €0 | €0 | +€0 | |
| Recurring financial income | 75 | €0 | €0 | +€0 | |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €15,522 | €32,994 | +€17,472 | +113% |
| Recurring financial charges | 65 | €15,522 | €32,994 | +€17,472 | +113% |
| Profit (loss) for the period before taxes | 9903 | €8,028 | -€110,573 | -€118,601 | |
| Income taxes | 67/77 | €730 | €8,053 | +€7,323 | +1,003% |
| Profit (loss) for the period | 9904 | €7,298 | -€118,626 | -€125,924 | |
| Profit (loss) for the period to be appropriated | 9905 | €7,298 | -€118,626 | -€125,924 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.