AD Elektro: 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.
AD Elektro
Largest movements
- Tangible fixed assets +€28,786
up €28,786 (+371%), from €7,755 to €36,541
of which Leasing and similar rights: +€30,574
- Cash +€5,569
up €5,569 (+1,543%), from €361 to €5,930
mainly Debts after one year (+€25,122) and Net result for the year (+€10,098)
- Receivables within one year +€2,969
up €2,969 (+89.4%), from €3,323 to €6,292
of which Trade receivables: +€1,735
- Deferred charges and accrued income +€1,604
up €1,604 (+708%), from €227 to €1,830
- Debts after one year +€25,122
new in 2025: €25,122
- Reserves +€10,098
up €10,098 (+3,744%), from €270 to €10,367
- Other debts -€5,965
down €5,965 (-81.7%), from €7,304 to €1,339
- Current portion of long-term debt +€5,838
new in 2025: €5,838
- Tax, wage and social debts +€2,119
up €2,119 (+4,915%), from €43 to €2,163
- Gross operating margin +€15,016
up €15,016 (+225%), from €6,667 to €21,682
- Depreciation +€1,897
up €1,897 (+51.0%), from €3,718 to €5,615
- Taxes +€1,859
up €1,859 (+612%), from €304 to €2,163
- Financial charges -€479
down €479 (-49.6%), from €967 to €487
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 | €11,665 | €50,594 | +€38,929 | +334% |
| Fixed assets | 21/28 | €7,755 | €36,541 | +€28,786 | +371% |
| Tangible fixed assets | 22/27 | €7,755 | €36,541 | +€28,786 | +371% |
| Plant, machinery and equipment | 23 | €1,747 | €1,300 | -€446 | -25.6% |
| Furniture and vehicles | 24 | €6,009 | €4,667 | -€1,342 | -22.3% |
| Leasing and similar rights | 25 | - | €30,574 | +€30,574 | |
| Current assets | 29/58 | €3,910 | €14,053 | +€10,142 | +259% |
| Amounts receivable within one year | 40/41 | €3,323 | €6,292 | +€2,969 | +89.4% |
| Trade receivables | 40 | €2,094 | €3,829 | +€1,735 | +82.9% |
| Other amounts receivable | 41 | €1,229 | €2,463 | +€1,234 | +100% |
| Cash at bank and in hand | 54/58 | €361 | €5,930 | +€5,569 | +1,543% |
| Deferred charges and accrued income | 490/1 | €227 | €1,830 | +€1,604 | +708% |
| Total equity and liabilities | 10/49 | €11,665 | €50,594 | +€38,929 | +334% |
| Equity | 10/15 | €2,670 | €12,767 | +€10,098 | +378% |
| Contributions | 10/11 | €2,400 | €2,400 | = | 0.0% |
| Reserves | 13 | €270 | €10,367 | +€10,098 | +3,744% |
| Distributable reserves | 133 | €270 | €10,367 | +€10,098 | +3,744% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €8,996 | €37,826 | +€28,831 | +320% |
| Amounts payable after more than one year | 17 | - | €25,122 | +€25,122 | |
| Financial debts | 170/4 | - | €25,122 | +€25,122 | |
| Amounts payable within one year | 42/48 | €8,996 | €12,704 | +€3,709 | +41.2% |
| Current portion of amounts payable after more than one year | 42 | - | €5,838 | +€5,838 | |
| Trade debts | 44 | €1,649 | €3,365 | +€1,716 | +104% |
| Suppliers | 440/4 | €1,649 | €3,365 | +€1,716 | +104% |
| Taxes, remuneration and social security | 45 | €43 | €2,163 | +€2,119 | +4,915% |
| Taxes | 450/3 | €43 | €2,163 | +€2,119 | +4,915% |
| Other amounts payable | 47/48 | €7,304 | €1,339 | -€5,965 | -81.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,718 | €5,615 | +€1,897 | +51.0% |
| Other operating charges | 640/8 | €772 | €615 | -€157 | -20.4% |
| Non-recurring operating charges | 66A | - | €2,860 | +€2,860 | |
| Gross operating margin | 9900 | €6,667 | €21,682 | +€15,016 | +225% |
| Operating profit (loss) | 9901 | €2,177 | €12,593 | +€10,416 | +479% |
| Financial income | 75/76B | €196 | €155 | -€42 | -21.2% |
| Recurring financial income | 75 | €196 | €155 | -€42 | -21.2% |
| Financial charges | 65/66B | €967 | €487 | -€479 | -49.6% |
| Recurring financial charges | 65 | €967 | €487 | -€479 | -49.6% |
| Profit (loss) for the period before taxes | 9903 | €1,406 | €12,260 | +€10,854 | +772% |
| Income taxes | 67/77 | €304 | €2,163 | +€1,859 | +612% |
| Profit (loss) for the period | 9904 | €1,103 | €10,098 | +€8,995 | +816% |
| Profit (loss) for the period to be appropriated | 9905 | €1,103 | €10,098 | +€8,995 | +816% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.