Elsa C&C: what changed
Two fiscal 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.
Elsa C&C
Largest movements
- Cash +€9,500
up €9,500 (+240.9%), from €3,943 to €13,443
mainly Net result for the year (+€11,742) and Depreciation (+€8,318)
- Tangible fixed assets -€8,318
down €8,318 (-26.3%), from €31,678 to €23,359
of which Furniture and vehicles: -€8,108
- Stocks and contracts +€3,694
up €3,694 (+84.5%), from €4,372 to €8,066
- Receivables within one year +€1,945
up €1,945 (+637.1%), from €305 to €2,250
of which Trade receivables: +€1,586
- Profit (loss) carried forward +€11,742
up €11,742 (+66.3%), from -€17,707 to -€5,964
- Debts after one year -€6,093
down €6,093 (-35.8%), from €17,021 to €10,927
- Other debts -€2,300
down €2,300 (-6.9%), from €33,289 to €30,989
- Trade debts +€1,939
up €1,939 (+3231.1%), from €60 to €1,999
- Tax, wage and social debts +€1,326
up €1,326 (+883.8%), from €150 to €1,476
- Gross operating margin +€22,419
up €22,419, from -€1,014 to €21,405
- Depreciation -€627
down €627 (-7.0%), from €8,945 to €8,318
- Financial charges -€297
down €297 (-18.6%), from €1,596 to €1,300
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 | €41,082 | €48,020 | +€6,938 | +16.9% |
| Formation expenses | 20 | - | €0 | = | |
| Fixed assets | 21/28 | €32,462 | €24,143 | -€8,318 | -25.6% |
| Tangible fixed assets | 22/27 | €31,678 | €23,359 | -€8,318 | -26.3% |
| Furniture and vehicles | 24 | €29,836 | €21,727 | -€8,108 | -27.2% |
| Other tangible fixed assets | 26 | €1,842 | €1,632 | -€210 | -11.4% |
| Financial fixed assets | 28 | €784 | €784 | = | 0.0% |
| Current assets | 29/58 | €8,620 | €23,877 | +€15,256 | +177.0% |
| Stocks and contracts in progress | 3 | €4,372 | €8,066 | +€3,694 | +84.5% |
| Stocks | 30/36 | €4,372 | €8,066 | +€3,694 | +84.5% |
| Amounts receivable within one year | 40/41 | €305 | €2,250 | +€1,945 | +637.1% |
| Trade receivables | 40 | €282 | €1,868 | +€1,586 | +562.3% |
| Other amounts receivable | 41 | €23 | €382 | +€359 | +1542.4% |
| Cash at bank and in hand | 54/58 | €3,943 | €13,443 | +€9,500 | +240.9% |
| Deferred charges and accrued income | 490/1 | - | €118 | +€118 | |
| Total equity and liabilities | 10/49 | €41,082 | €48,020 | +€6,938 | +16.9% |
| Equity | 10/15 | -€15,207 | -€3,464 | +€11,742 | +77.2% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€17,707 | -€5,964 | +€11,742 | +66.3% |
| Amounts payable | 17/49 | €56,289 | €51,484 | -€4,804 | -8.5% |
| Amounts payable after more than one year | 17 | €17,021 | €10,927 | -€6,093 | -35.8% |
| Financial debts | 170/4 | €17,021 | €10,927 | -€6,093 | -35.8% |
| Amounts payable within one year | 42/48 | €39,268 | €40,557 | +€1,289 | +3.3% |
| Current portion of amounts payable after more than one year | 42 | €5,769 | €6,093 | +€325 | +5.6% |
| Trade debts | 44 | €60 | €1,999 | +€1,939 | +3231.1% |
| Suppliers | 440/4 | €60 | €1,999 | +€1,939 | +3231.1% |
| Taxes, remuneration and social security | 45 | €150 | €1,476 | +€1,326 | +883.8% |
| Taxes | 450/3 | €150 | €1,476 | +€1,326 | +883.8% |
| Other amounts payable | 47/48 | €33,289 | €30,989 | -€2,300 | -6.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,945 | €8,318 | -€627 | -7.0% |
| Other operating charges | 640/8 | - | €44 | +€44 | |
| Gross operating margin | 9900 | -€1,014 | €21,405 | +€22,419 | |
| Operating profit (loss) | 9901 | -€9,960 | €13,042 | +€23,002 | |
| Financial charges | 65/66B | €1,596 | €1,300 | -€297 | -18.6% |
| Recurring financial charges | 65 | €1,596 | €1,300 | -€297 | -18.6% |
| Profit (loss) for the period before taxes | 9903 | -€11,556 | €11,742 | +€23,298 | |
| Profit (loss) for the period | 9904 | -€11,556 | €11,742 | +€23,298 | |
| Profit (loss) for the period to be appropriated | 9905 | -€11,556 | €11,742 | +€23,298 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.