Elsyca International: what changed
What changed
Elsyca International
NACE 70.200, Business and other management consultancy
filed annual accounts (NBB)
Net result for the year
-€862,719
2024 · -€1.1m+€233,248
Equity
€11.7m
2024 · €12.4m-€687,724
Cash
€26,184
2024 · €117,712-€91,528
Balance sheet total
€30.9m
2024 · €31.1m-€261,801
Largest movements
Assets
No asset line moved by more than 1% of the balance sheet total.
Equity and liabilities
- Profit (loss) carried forward -€862,719
down €862,719 (-78.7%), from -€1.1m to -€2.0m
- Debts after one year -€640,758
down €640,758 (-4.3%), from €14.7m to €14.1m
- Other debts +€556,326
up €556,326 (+25.3%), from €2.2m to €2.8m
- Accrued charges and deferred income +€323,861
up €323,861 (+78.8%), from €411,113 to €734,974
Income statement
- Gross operating margin +€364,315
up €364,315 (+78.0%), from -€467,076 to -€102,760
- Financial charges +€125,236
up €125,236 (+19.8%), from €633,511 to €758,747
- Financial income -€6,449
down €6,449 (-97.9%), from €6,588 to €139
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€1.1m
Gross operating margin
+€364,315
Other operating charges
+€618
Financial income
-€6,449
Financial charges
-€125,236
Result 2025
-€862,719
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€200,489
Investment
€0
Financing
-€292,017
Cash 2024
€117,712
From operations (derived)
+€200,489
Net result for the year
-€862,719
Receivables within one year
+€164,203
Deferred charges and accrued income
+€6,070
Trade debts
+€27,078
Tax, wage and social debts
-€14,330
Other debts
+€556,326
Accrued charges and deferred income
+€323,861
Financing
-€292,017
Debts after one year
-€640,758
Current portion of long-term debt
+€23,746
Short-term financial debts
+€150,000
Contributions, distributions and other
+€174,995
Cash 2025
€26,184
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €31,146,717 | €30,884,916 | -€261,801 | -0.8% |
| Fixed assets | 21/28 | €30,751,359 | €30,751,359 | = | 0.0% |
| Financial fixed assets | 28 | €30,751,359 | €30,751,359 | = | 0.0% |
| Current assets | 29/58 | €395,358 | €133,557 | -€261,801 | -66.2% |
| Amounts receivable within one year | 40/41 | €271,059 | €106,855 | -€164,203 | -60.6% |
| Trade receivables | 40 | €156,164 | €106,855 | -€49,309 | -31.6% |
| Other amounts receivable | 41 | €114,895 | €0 | -€114,895 | -100% |
| Cash at bank and in hand | 54/58 | €117,712 | €26,184 | -€91,528 | -77.8% |
| Deferred charges and accrued income | 490/1 | €6,588 | €518 | -€6,070 | -92.1% |
| Total equity and liabilities | 10/49 | €31,146,717 | €30,884,916 | -€261,801 | -0.8% |
| Equity | 10/15 | €12,362,126 | €11,674,402 | -€687,724 | -5.6% |
| Contributions | 10/11 | €13,458,092 | €13,633,087 | +€174,995 | +1.3% |
| Profit (loss) carried forward | 14 | -€1,095,966 | -€1,958,685 | -€862,719 | -78.7% |
| Amounts payable | 17/49 | €18,784,592 | €19,210,514 | +€425,922 | +2.3% |
| Amounts payable after more than one year | 17 | €14,733,754 | €14,092,996 | -€640,758 | -4.3% |
| Financial debts | 170/4 | €14,733,754 | €14,092,996 | -€640,758 | -4.3% |
| Amounts payable within one year | 42/48 | €3,639,724 | €4,382,544 | +€742,819 | +20.4% |
| Current portion of amounts payable after more than one year | 42 | €617,012 | €640,758 | +€23,746 | +3.8% |
| Financial debts | 43 | €750,000 | €900,000 | +€150,000 | +20.0% |
| Credit institutions | 430/8 | €750,000 | €900,000 | +€150,000 | +20.0% |
| Trade debts | 44 | €58,533 | €85,610 | +€27,078 | +46.3% |
| Suppliers | 440/4 | €58,533 | €85,610 | +€27,078 | +46.3% |
| Taxes, remuneration and social security | 45 | €15,913 | €1,582 | -€14,330 | -90.1% |
| Taxes | 450/3 | €15,913 | €1,582 | -€14,330 | -90.1% |
| Other amounts payable | 47/48 | €2,198,267 | €2,754,593 | +€556,326 | +25.3% |
| Accrued charges and deferred income | 492/3 | €411,113 | €734,974 | +€323,861 | +78.8% |
| Other operating charges | 640/8 | €1,967 | €1,349 | -€618 | -31.4% |
| Gross operating margin | 9900 | -€467,076 | -€102,760 | +€364,315 | +78.0% |
| Operating profit (loss) | 9901 | -€469,043 | -€104,110 | +€364,933 | +77.8% |
| Financial income | 75/76B | €6,588 | €139 | -€6,449 | -97.9% |
| Recurring financial income | 75 | €6,588 | €139 | -€6,449 | -97.9% |
| Financial charges | 65/66B | €633,511 | €758,747 | +€125,236 | +19.8% |
| Recurring financial charges | 65 | €633,511 | €758,747 | +€125,236 | +19.8% |
| Profit (loss) for the period before taxes | 9903 | -€1,095,966 | -€862,719 | +€233,248 | +21.3% |
| Profit (loss) for the period | 9904 | -€1,095,966 | -€862,719 | +€233,248 | +21.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,095,966 | -€862,719 | +€233,248 | +21.3% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.