20 ELEC SRL: 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.
20 ELEC SRL
Largest movements
- Cash -€2,795
down €2,795 (-21.8%), from €12,800 to €10,005
mainly Investment in fixed assets (net) (-€8,250) and Net result for the year (-€3,408)
- Deferred charges and accrued income +€1,342
up €1,342 (+538%), from €249 to €1,591
- Tangible fixed assets +€1,026
up €1,026 (+4.5%), from €22,941 to €23,967
- Debts after one year +€3,846
up €3,846 (+15.2%), from €25,290 to €29,136
- Profit (loss) carried forward -€3,408
down €3,408 (-29.0%), from €11,765 to €8,358
- Current portion of long-term debt -€1,276
down €1,276 (-18.5%), from €6,911 to €5,635
- Trade debts +€858
up €858 (+12.6%), from €6,796 to €7,653
- Gross operating margin -€15,245
down €15,245 (-61.3%), from €24,889 to €9,644
- Depreciation +€5,179
up €5,179 (+253%), from €2,045 to €7,224
- Financial charges +€2,065
up €2,065 (+132%), from €1,558 to €3,623
- Taxes +€1,221
new in 2025: €1,221
- Other operating charges -€588
down €588 (-37.3%), from €1,578 to €990
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 | €60,522 | €60,542 | +€20 | 0.0% |
| Fixed assets | 21/28 | €22,941 | €23,967 | +€1,026 | +4.5% |
| Tangible fixed assets | 22/27 | €22,941 | €23,967 | +€1,026 | +4.5% |
| Furniture and vehicles | 24 | €22,941 | €23,967 | +€1,026 | +4.5% |
| Current assets | 29/58 | €37,581 | €36,575 | -€1,006 | -2.7% |
| Amounts receivable within one year | 40/41 | €24,531 | €24,978 | +€447 | +1.8% |
| Trade receivables | 40 | €11,971 | €13,798 | +€1,827 | +15.3% |
| Other amounts receivable | 41 | €12,560 | €11,180 | -€1,380 | -11.0% |
| Cash at bank and in hand | 54/58 | €12,800 | €10,005 | -€2,795 | -21.8% |
| Deferred charges and accrued income | 490/1 | €249 | €1,591 | +€1,342 | +538% |
| Total equity and liabilities | 10/49 | €60,522 | €60,542 | +€20 | 0.0% |
| Equity | 10/15 | €19,825 | €16,418 | -€3,408 | -17.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €11,765 | €8,358 | -€3,408 | -29.0% |
| Amounts payable | 17/49 | €40,696 | €44,124 | +€3,428 | +8.4% |
| Amounts payable after more than one year | 17 | €25,290 | €29,136 | +€3,846 | +15.2% |
| Financial debts | 170/4 | €25,290 | €29,136 | +€3,846 | +15.2% |
| Amounts payable within one year | 42/48 | €15,406 | €14,988 | -€419 | -2.7% |
| Current portion of amounts payable after more than one year | 42 | €6,911 | €5,635 | -€1,276 | -18.5% |
| Trade debts | 44 | €6,796 | €7,653 | +€858 | +12.6% |
| Suppliers | 440/4 | €6,796 | €7,653 | +€858 | +12.6% |
| Advances received on contracts in progress | 46 | €1,600 | €1,600 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €100 | €100 | = | 0.0% |
| Taxes | 450/3 | €100 | €100 | = | 0.0% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Non-recurring operating income | 76A | - | €17 | +€17 | |
| Remuneration, social security and pensions | 62 | €0 | €0 | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,045 | €7,224 | +€5,179 | +253% |
| Other operating charges | 640/8 | €1,578 | €990 | -€588 | -37.3% |
| Non-recurring operating charges | 66A | €0 | €1 | +€1 | +911% |
| Gross operating margin | 9900 | €24,889 | €9,644 | -€15,245 | -61.3% |
| Operating profit (loss) | 9901 | €21,265 | €1,429 | -€19,836 | -93.3% |
| Financial income | 75/76B | €0 | €8 | +€8 | +38,450% |
| Recurring financial income | 75 | €0 | €8 | +€8 | +38,450% |
| Financial charges | 65/66B | €1,558 | €3,623 | +€2,065 | +132% |
| Recurring financial charges | 65 | €1,558 | €3,623 | +€2,065 | +132% |
| Profit (loss) for the period before taxes | 9903 | €19,707 | -€2,186 | -€21,893 | |
| Income taxes | 67/77 | - | €1,221 | +€1,221 | |
| Profit (loss) for the period | 9904 | €19,707 | -€3,408 | -€23,115 | |
| Profit (loss) for the period to be appropriated | 9905 | €19,707 | -€3,408 | -€23,115 |
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 27 October 2026 via checked.be.