ELSI Solutions: 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.
ELSI Solutions
Largest movements
- Receivables after one year -€60,000
no longer reported in 2025 (was €60,000)
- Cash -€12,325
down €12,325 (-99.2%), from €12,425 to €100
mainly Contributions, distributions and other (-€70,907) and Net result for the year (-€4,384)
- Tangible fixed assets -€4,611
no longer reported in 2025 (was €4,611)
of which Furniture and vehicles: -€3,904
- Deferred charges and accrued income -€1,246
no longer reported in 2025 (was €1,246)
- Reserves -€58,507
no longer reported in 2025 (was €58,507)
of which Distributable reserves: -€56,647
- Contributions -€12,400
down €12,400 (-66.7%), from €18,600 to €6,200
- Profit (loss) carried forward -€4,384
new in 2025: -€4,384
- Accrued charges and deferred income -€1,500
no longer reported in 2025 (was €1,500)
- Trade debts -€1,251
no longer reported in 2025 (was €1,251)
- Gross operating margin -€5,799
down €5,799 (-99.8%), from €5,813 to €14
- Financial income -€3,258
no longer reported in 2025 (was €3,258)
- Taxes -€2,960
no longer reported in 2025 (was €2,960)
- Financial charges +€2,905
up €2,905 (+194.5%), from €1,494 to €4,398
- Depreciation -€1,644
no longer reported in 2025 (was €1,644)
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 | €80,324 | €2,142 | -€78,182 | -97.3% |
| Fixed assets | 21/28 | €4,611 | - | -€4,611 | |
| Tangible fixed assets | 22/27 | €4,611 | - | -€4,611 | |
| Plant, machinery and equipment | 23 | €296 | - | -€296 | |
| Furniture and vehicles | 24 | €3,904 | - | -€3,904 | |
| Other tangible fixed assets | 26 | €411 | - | -€411 | |
| Current assets | 29/58 | €75,713 | €2,142 | -€73,571 | -97.2% |
| Amounts receivable after more than one year | 29 | €60,000 | - | -€60,000 | |
| Trade receivables | 290 | €60,000 | - | -€60,000 | |
| Amounts receivable within one year | 40/41 | €2,042 | €2,042 | = | 0.0% |
| Other amounts receivable | 41 | €2,042 | €2,042 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €12,425 | €100 | -€12,325 | -99.2% |
| Deferred charges and accrued income | 490/1 | €1,246 | - | -€1,246 | |
| Total equity and liabilities | 10/49 | €80,324 | €2,142 | -€78,182 | -97.3% |
| Equity | 10/15 | €77,107 | €1,816 | -€75,291 | -97.6% |
| Contributions | 10/11 | €18,600 | €6,200 | -€12,400 | -66.7% |
| Reserves | 13 | €58,507 | - | -€58,507 | |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €56,647 | - | -€56,647 | |
| Profit (loss) carried forward | 14 | - | -€4,384 | -€4,384 | |
| Amounts payable | 17/49 | €3,217 | €326 | -€2,891 | -89.9% |
| Amounts payable within one year | 42/48 | €1,717 | €326 | -€1,391 | -81.0% |
| Trade debts | 44 | €1,251 | - | -€1,251 | |
| Suppliers | 440/4 | €1,251 | - | -€1,251 | |
| Taxes, remuneration and social security | 45 | €139 | - | -€139 | |
| Taxes | 450/3 | €139 | - | -€139 | |
| Other amounts payable | 47/48 | €326 | €326 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €1,500 | - | -€1,500 | |
| Non-recurring operating income | 76A | - | €5,639 | +€5,639 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,644 | - | -€1,644 | |
| Other operating charges | 640/8 | €161 | - | -€161 | |
| Gross operating margin | 9900 | €5,813 | €14 | -€5,799 | -99.8% |
| Operating profit (loss) | 9901 | €4,008 | €14 | -€3,994 | -99.7% |
| Financial income | 75/76B | €3,258 | - | -€3,258 | |
| Recurring financial income | 75 | €3,258 | - | -€3,258 | |
| Financial charges | 65/66B | €1,494 | €4,398 | +€2,905 | +194.5% |
| Recurring financial charges | 65 | €1,494 | €4,398 | +€2,905 | +194.5% |
| Profit (loss) for the period before taxes | 9903 | €5,772 | -€4,384 | -€10,156 | |
| Income taxes | 67/77 | €2,960 | - | -€2,960 | |
| Profit (loss) for the period | 9904 | €2,812 | -€4,384 | -€7,196 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,812 | -€4,384 | -€7,196 |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.