ELSA SERVICES: 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 SERVICES
Largest movements
- Cash +€37,935
up €37,935 (+74.3%), from €51,040 to €88,975
mainly Net result for the year (+€42,340) and Receivables within one year (+€5,179)
- Receivables within one year -€5,179
down €5,179 (-31.9%), from €16,219 to €11,040
of which Trade receivables: -€5,163
- Profit (loss) carried forward +€42,340
up €42,340 (+92.3%), from €45,870 to €88,210
- Current portion of long-term debt -€8,199
down €8,199 (-99.6%), from €8,231 to €32
- Other debts -€1,194
no longer reported in 2025 (was €1,194)
- Gross operating margin -€4,583
down €4,583 (-7.8%), from €58,993 to €54,410
- Taxes -€763
down €763 (-6.5%), from €11,783 to €11,020
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 | €69,772 | €101,622 | +€31,850 | +45.6% |
| Formation expenses | 20 | €6 | - | -€6 | |
| Fixed assets | 21/28 | €2,507 | €1,607 | -€900 | -35.9% |
| Tangible fixed assets | 22/27 | €2,507 | €1,607 | -€900 | -35.9% |
| Plant, machinery and equipment | 23 | €2,507 | €1,607 | -€900 | -35.9% |
| Current assets | 29/58 | €67,259 | €100,015 | +€32,756 | +48.7% |
| Amounts receivable within one year | 40/41 | €16,219 | €11,040 | -€5,179 | -31.9% |
| Trade receivables | 40 | €15,764 | €10,601 | -€5,163 | -32.8% |
| Other amounts receivable | 41 | €455 | €439 | -€16 | -3.5% |
| Cash at bank and in hand | 54/58 | €51,040 | €88,975 | +€37,935 | +74.3% |
| Total equity and liabilities | 10/49 | €69,772 | €101,622 | +€31,850 | +45.6% |
| Equity | 10/15 | €47,870 | €90,210 | +€42,340 | +88.4% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €45,870 | €88,210 | +€42,340 | +92.3% |
| Amounts payable | 17/49 | €21,902 | €11,412 | -€10,490 | -47.9% |
| Amounts payable within one year | 42/48 | €21,902 | €11,412 | -€10,490 | -47.9% |
| Current portion of amounts payable after more than one year | 42 | €8,231 | €32 | -€8,199 | -99.6% |
| Trade debts | 44 | €695 | - | -€695 | |
| Suppliers | 440/4 | €695 | - | -€695 | |
| Taxes, remuneration and social security | 45 | €11,782 | €11,380 | -€402 | -3.4% |
| Taxes | 450/3 | €11,782 | €11,380 | -€402 | -3.4% |
| Other amounts payable | 47/48 | €1,194 | - | -€1,194 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,317 | €907 | -€410 | -31.1% |
| Other operating charges | 640/8 | €13 | - | -€13 | |
| Gross operating margin | 9900 | €58,993 | €54,410 | -€4,583 | -7.8% |
| Operating profit (loss) | 9901 | €57,663 | €53,503 | -€4,160 | -7.2% |
| Financial charges | 65/66B | €10 | €143 | +€133 | +1330.0% |
| Recurring financial charges | 65 | €10 | €143 | +€133 | +1330.0% |
| Profit (loss) for the period before taxes | 9903 | €57,653 | €53,360 | -€4,293 | -7.4% |
| Income taxes | 67/77 | €11,783 | €11,020 | -€763 | -6.5% |
| Profit (loss) for the period | 9904 | €45,870 | €42,340 | -€3,530 | -7.7% |
| Profit (loss) for the period to be appropriated | 9905 | €45,870 | €42,340 | -€3,530 | -7.7% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.