ELT Conseil: 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.
ELT Conseil
Largest movements
- Cash -€348,955
down €348,955 (-77.6%), from €449,554 to €100,599
mainly Other debts (-€414,167) and Contributions, distributions and other (-€136,000)
- Receivables within one year -€144,247
down €144,247 (-89.8%), from €160,659 to €16,412
of which Trade receivables: -€159,370
- Tangible fixed assets -€6,769
down €6,769 (-16.1%), from €42,099 to €35,330
of which Furniture and vehicles: -€5,356
- Other debts -€414,167
down €414,167 (-96.1%), from €431,081 to €16,914
- Tax, wage and social debts -€62,749
down €62,749 (-95.0%), from €66,042 to €3,293
- Profit (loss) carried forward -€22,440
down €22,440 (-16.5%), from €136,323 to €113,884
- Gross operating margin -€527,341
down €527,341 (-77.0%), from €685,284 to €157,943
- Taxes -€131,123
down €131,123 (-79.6%), from €164,711 to €33,588
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 | €653,976 | €154,575 | -€499,401 | -76.4% |
| Fixed assets | 21/28 | €42,099 | €35,330 | -€6,769 | -16.1% |
| Tangible fixed assets | 22/27 | €42,099 | €35,330 | -€6,769 | -16.1% |
| Furniture and vehicles | 24 | €32,973 | €27,617 | -€5,356 | -16.2% |
| Other tangible fixed assets | 26 | €9,126 | €7,713 | -€1,413 | -15.5% |
| Current assets | 29/58 | €611,877 | €119,245 | -€492,632 | -80.5% |
| Amounts receivable within one year | 40/41 | €160,659 | €16,412 | -€144,247 | -89.8% |
| Trade receivables | 40 | €159,370 | - | -€159,370 | |
| Other amounts receivable | 41 | €1,289 | €16,412 | +€15,123 | +1,173% |
| Cash at bank and in hand | 54/58 | €449,554 | €100,599 | -€348,955 | -77.6% |
| Deferred charges and accrued income | 490/1 | €1,664 | €2,234 | +€570 | +34.3% |
| Total equity and liabilities | 10/49 | €653,976 | €154,575 | -€499,401 | -76.4% |
| Equity | 10/15 | €156,783 | €134,344 | -€22,440 | -14.3% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Profit (loss) carried forward | 14 | €136,323 | €113,884 | -€22,440 | -16.5% |
| Amounts payable | 17/49 | €497,193 | €20,232 | -€476,961 | -95.9% |
| Amounts payable within one year | 42/48 | €497,193 | €20,232 | -€476,961 | -95.9% |
| Trade debts | 44 | €70 | €26 | -€45 | -63.6% |
| Suppliers | 440/4 | €70 | €26 | -€45 | -63.6% |
| Taxes, remuneration and social security | 45 | €66,042 | €3,293 | -€62,749 | -95.0% |
| Taxes | 450/3 | €66,042 | €3,293 | -€62,749 | -95.0% |
| Other amounts payable | 47/48 | €431,081 | €16,914 | -€414,167 | -96.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,778 | €10,480 | -€298 | -2.8% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €685,284 | €157,943 | -€527,341 | -77.0% |
| Operating profit (loss) | 9901 | €674,118 | €147,063 | -€527,055 | -78.2% |
| Financial income | 75/76B | - | €418 | +€418 | |
| Recurring financial income | 75 | - | €418 | +€418 | |
| Financial charges | 65/66B | €284 | €333 | +€49 | +17.2% |
| Recurring financial charges | 65 | €284 | €333 | +€49 | +17.2% |
| Profit (loss) for the period before taxes | 9903 | €673,834 | €147,148 | -€526,686 | -78.2% |
| Income taxes | 67/77 | €164,711 | €33,588 | -€131,123 | -79.6% |
| Profit (loss) for the period | 9904 | €509,123 | €113,560 | -€395,563 | -77.7% |
| Profit (loss) for the period to be appropriated | 9905 | €509,123 | €113,560 | -€395,563 | -77.7% |
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 15 October 2026 via checked.be.