ELSEN CONSULTING: 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
ELSEN CONSULTING
NACE 62.200, Computer consultancy and computer facilities management
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€37,655
2024 · €37,861-€206
Equity
€317,450
2024 · €315,296+€2,155
Cash
€22,591
2024 · €19,971+€2,620
Balance sheet total
€419,444
2024 · €365,232+€54,212
Largest movements
Assets
- Tangible fixed assets +€41,668
up €41,668 (+19.1%), from €218,241 to €259,909
of which Furniture and vehicles: +€52,040
- Current investments +€6,745
new in 2025: €6,745
Equity and liabilities
- Debts after one year +€26,147
new in 2025: €26,147
- Other debts +€15,500
up €15,500 (+77.5%), from €20,000 to €35,500
- Tax, wage and social debts +€6,009
up €6,009 (+44.4%), from €13,533 to €19,543
- Current portion of long-term debt +€5,099
up €5,099 (+39.7%), from €12,829 to €17,929
Income statement
- Gross operating margin +€12,279
up €12,279 (+17.0%), from €72,057 to €84,337
- Depreciation +€11,806
up €11,806 (+84.5%), from €13,970 to €25,775
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
€37,861
Gross operating margin
+€12,279
Staff costs
-€623
Depreciation
-€11,806
Other operating charges
+€196
Financial income
+€151
Financial charges
-€153
Taxes
-€251
Result 2025
€37,655
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
+€81,062
Investment
-€74,188
Financing
-€4,253
Cash 2024
€19,971
From operations (derived)
+€81,062
Net result for the year
+€37,655
Depreciation
+€25,775
Receivables within one year
-€2,780
Deferred charges and accrued income
-€398
Trade debts
-€699
Tax, wage and social debts
+€6,009
Other debts
+€15,500
Investment (derived)
-€74,188
Investment in fixed assets (net)
-€67,443
Current investments
-€6,745
Financing
-€4,253
Debts after one year
+€26,147
Current portion of long-term debt
+€5,099
Contributions, distributions and other
-€35,500
Cash 2025
€22,591
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €365,232 | €419,444 | +€54,212 | +14.8% |
| Fixed assets | 21/28 | €218,241 | €259,909 | +€41,668 | +19.1% |
| Tangible fixed assets | 22/27 | €218,241 | €259,909 | +€41,668 | +19.1% |
| Land and buildings | 22 | €210,843 | €198,524 | -€12,318 | -5.8% |
| Plant, machinery and equipment | 23 | €3,203 | €5,150 | +€1,947 | +60.8% |
| Furniture and vehicles | 24 | €4,196 | €56,235 | +€52,040 | +1,240% |
| Current assets | 29/58 | €146,991 | €159,535 | +€12,544 | +8.5% |
| Amounts receivable within one year | 40/41 | €124,906 | €127,686 | +€2,780 | +2.2% |
| Trade receivables | 40 | €36,542 | €41,263 | +€4,721 | +12.9% |
| Other amounts receivable | 41 | €88,364 | €86,422 | -€1,941 | -2.2% |
| Current investments | 50/53 | - | €6,745 | +€6,745 | |
| Cash at bank and in hand | 54/58 | €19,971 | €22,591 | +€2,620 | +13.1% |
| Deferred charges and accrued income | 490/1 | €2,114 | €2,513 | +€398 | +18.8% |
| Total equity and liabilities | 10/49 | €365,232 | €419,444 | +€54,212 | +14.8% |
| Equity | 10/15 | €315,296 | €317,450 | +€2,155 | +0.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €309,096 | €311,250 | +€2,155 | +0.7% |
| Distributable reserves | 133 | €309,096 | €311,250 | +€2,155 | +0.7% |
| Amounts payable | 17/49 | €49,937 | €101,994 | +€52,057 | +104% |
| Amounts payable after more than one year | 17 | - | €26,147 | +€26,147 | |
| Financial debts | 170/4 | - | €26,147 | +€26,147 | |
| Amounts payable within one year | 42/48 | €49,937 | €75,846 | +€25,909 | +51.9% |
| Current portion of amounts payable after more than one year | 42 | €12,829 | €17,929 | +€5,099 | +39.7% |
| Trade debts | 44 | €3,574 | €2,875 | -€699 | -19.6% |
| Suppliers | 440/4 | €3,574 | €2,875 | -€699 | -19.6% |
| Taxes, remuneration and social security | 45 | €13,533 | €19,543 | +€6,009 | +44.4% |
| Taxes | 450/3 | €13,533 | €19,543 | +€6,009 | +44.4% |
| Other amounts payable | 47/48 | €20,000 | €35,500 | +€15,500 | +77.5% |
| Remuneration, social security and pensions | 62 | - | €623 | +€623 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,970 | €25,775 | +€11,806 | +84.5% |
| Other operating charges | 640/8 | €2,290 | €2,093 | -€196 | -8.6% |
| Gross operating margin | 9900 | €72,057 | €84,337 | +€12,279 | +17.0% |
| Operating profit (loss) | 9901 | €55,798 | €55,845 | +€47 | +0.1% |
| Financial income | 75/76B | €17 | €168 | +€151 | +892% |
| Recurring financial income | 75 | €17 | €168 | +€151 | +892% |
| Financial charges | 65/66B | €1,289 | €1,442 | +€153 | +11.8% |
| Recurring financial charges | 65 | €1,289 | €1,442 | +€153 | +11.8% |
| Profit (loss) for the period before taxes | 9903 | €54,526 | €54,572 | +€46 | +0.1% |
| Income taxes | 67/77 | €16,665 | €16,917 | +€251 | +1.5% |
| Profit (loss) for the period | 9904 | €37,861 | €37,655 | -€206 | -0.5% |
| Profit (loss) for the period to be appropriated | 9905 | €37,861 | €37,655 | -€206 | -0.5% |
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 25 October 2026 via checked.be.