ELSMERE ENTERPRISES: 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.
ELSMERE ENTERPRISES
Largest movements
- Receivables within one year -€3,703
down €3,703 (-26.8%), from €13,802 to €10,099
of which Trade receivables: -€3,471
- Reserves -€13,216
down €13,216 (-32.9%), from €40,184 to €26,968
- Other debts +€8,353
up €8,353 (+81.7%), from €10,222 to €18,575
- Tax, wage and social debts -€5,175
no longer reported in 2025 (was €5,175)
- Profit (loss) carried forward +€3,210
up €3,210 (+20.1%), from -€15,958 to -€12,749
- Trade debts +€2,265
up €2,265 (+286%), from €793 to €3,059
- Gross operating margin +€21,119
up €21,119, from -€15,203 to €5,915
- Other operating charges +€984
up €984 (+126%), from €780 to €1,764
- Financial income -€756
no longer reported in 2025 (was €756)
- Financial charges +€211
up €211 (+99.9%), from €211 to €422
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €54,663 | €50,099 | -€4,564 | -8.3% |
| Fixed assets | 21/28 | €799 | €279 | -€520 | -65.1% |
| Tangible fixed assets | 22/27 | €799 | €279 | -€520 | -65.1% |
| Furniture and vehicles | 24 | €799 | €279 | -€520 | -65.1% |
| Current assets | 29/58 | €53,864 | €49,820 | -€4,044 | -7.5% |
| Amounts receivable within one year | 40/41 | €13,802 | €10,099 | -€3,703 | -26.8% |
| Trade receivables | 40 | €13,274 | €9,804 | -€3,471 | -26.1% |
| Other amounts receivable | 41 | €528 | €296 | -€232 | -44.0% |
| Cash at bank and in hand | 54/58 | €40,062 | €39,721 | -€341 | -0.9% |
| Total equity and liabilities | 10/49 | €54,663 | €50,099 | -€4,564 | -8.3% |
| Equity | 10/15 | €38,472 | €28,465 | -€10,007 | -26.0% |
| Contributions | 10/11 | €14,246 | €14,246 | = | 0.0% |
| Reserves | 13 | €40,184 | €26,968 | -€13,216 | -32.9% |
| Distributable reserves | 133 | €40,184 | €26,968 | -€13,216 | -32.9% |
| Profit (loss) carried forward | 14 | -€15,958 | -€12,749 | +€3,210 | +20.1% |
| Amounts payable | 17/49 | €16,191 | €21,634 | +€5,443 | +33.6% |
| Amounts payable within one year | 42/48 | €16,191 | €21,634 | +€5,443 | +33.6% |
| Trade debts | 44 | €793 | €3,059 | +€2,265 | +286% |
| Suppliers | 440/4 | €793 | €3,059 | +€2,265 | +286% |
| Taxes, remuneration and social security | 45 | €5,175 | - | -€5,175 | |
| Taxes | 450/3 | €5,175 | - | -€5,175 | |
| Other amounts payable | 47/48 | €10,222 | €18,575 | +€8,353 | +81.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €520 | €520 | = | 0.0% |
| Other operating charges | 640/8 | €780 | €1,764 | +€984 | +126% |
| Gross operating margin | 9900 | -€15,203 | €5,915 | +€21,119 | |
| Operating profit (loss) | 9901 | -€16,503 | €3,631 | +€20,134 | |
| Financial income | 75/76B | €756 | - | -€756 | |
| Recurring financial income | 75 | €756 | - | -€756 | |
| Financial charges | 65/66B | €211 | €422 | +€211 | +99.9% |
| Recurring financial charges | 65 | €211 | €422 | +€211 | +99.9% |
| Profit (loss) for the period before taxes | 9903 | -€15,958 | €3,210 | +€19,168 | |
| Profit (loss) for the period | 9904 | -€15,958 | €3,210 | +€19,168 | |
| Profit (loss) for the period to be appropriated | 9905 | -€15,958 | €3,210 | +€19,168 |
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 17 October 2026 via checked.be.