B ELEC IT: 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.
B ELEC IT
Largest movements
- Cash -€69,467
down €69,467 (-38.7%), from €179,628 to €110,161
mainly Investment in fixed assets (net) (-€72,477) and Receivables within one year (-€19,849)
- Tangible fixed assets +€59,745
up €59,745 (+1,608%), from €3,716 to €63,461
of which Furniture and vehicles: +€58,018
- Receivables within one year +€19,849
up €19,849 (+75.2%), from €26,410 to €46,259
of which Trade receivables: +€24,155
- Reserves +€24,400
up €24,400 (+13.0%), from €188,300 to €212,700
- Trade debts -€10,139
down €10,139 (-87.4%), from €11,598 to €1,459
- Other debts -€7,600
no longer reported in 2025 (was €7,600)
- Tax, wage and social debts +€4,224
up €4,224 (+118%), from €3,577 to €7,802
- Depreciation +€10,617
up €10,617 (+502%), from €2,115 to €12,732
- Taxes -€3,315
down €3,315 (-18.0%), from €18,383 to €15,068
- Gross operating margin +€756
up €756 (+1.4%), from €52,290 to €53,046
- Financial charges -€599
down €599 (-49.3%), from €1,216 to €617
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 | €209,754 | €220,706 | +€10,952 | +5.2% |
| Fixed assets | 21/28 | €3,716 | €63,461 | +€59,745 | +1,608% |
| Tangible fixed assets | 22/27 | €3,716 | €63,461 | +€59,745 | +1,608% |
| Furniture and vehicles | 24 | €3,716 | €61,734 | +€58,018 | +1,561% |
| Other tangible fixed assets | 26 | - | €1,727 | +€1,727 | |
| Current assets | 29/58 | €206,038 | €157,245 | -€48,793 | -23.7% |
| Amounts receivable within one year | 40/41 | €26,410 | €46,259 | +€19,849 | +75.2% |
| Trade receivables | 40 | €21,825 | €45,980 | +€24,155 | +111% |
| Other amounts receivable | 41 | €4,585 | €279 | -€4,306 | -93.9% |
| Cash at bank and in hand | 54/58 | €179,628 | €110,161 | -€69,467 | -38.7% |
| Deferred charges and accrued income | 490/1 | - | €825 | +€825 | |
| Total equity and liabilities | 10/49 | €209,754 | €220,706 | +€10,952 | +5.2% |
| Equity | 10/15 | €186,978 | €211,445 | +€24,467 | +13.1% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €188,300 | €212,700 | +€24,400 | +13.0% |
| Distributable reserves | 133 | €188,300 | €212,700 | +€24,400 | +13.0% |
| Profit (loss) carried forward | 14 | -€1,422 | -€1,355 | +€67 | +4.7% |
| Amounts payable | 17/49 | €22,776 | €9,261 | -€13,515 | -59.3% |
| Amounts payable within one year | 42/48 | €22,776 | €9,261 | -€13,515 | -59.3% |
| Trade debts | 44 | €11,598 | €1,459 | -€10,139 | -87.4% |
| Suppliers | 440/4 | €11,598 | €1,459 | -€10,139 | -87.4% |
| Taxes, remuneration and social security | 45 | €3,577 | €7,802 | +€4,224 | +118% |
| Taxes | 450/3 | €3,577 | €7,802 | +€4,224 | +118% |
| Other amounts payable | 47/48 | €7,600 | - | -€7,600 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,115 | €12,732 | +€10,617 | +502% |
| Other operating charges | 640/8 | - | €162 | +€162 | |
| Gross operating margin | 9900 | €52,290 | €53,046 | +€756 | +1.4% |
| Operating profit (loss) | 9901 | €50,175 | €40,151 | -€10,024 | -20.0% |
| Financial income | 75/76B | €311 | - | -€311 | |
| Recurring financial income | 75 | €311 | - | -€311 | |
| Financial charges | 65/66B | €1,216 | €617 | -€599 | -49.3% |
| Recurring financial charges | 65 | €1,216 | €617 | -€599 | -49.3% |
| Profit (loss) for the period before taxes | 9903 | €49,270 | €39,535 | -€9,736 | -19.8% |
| Income taxes | 67/77 | €18,383 | €15,068 | -€3,315 | -18.0% |
| Profit (loss) for the period | 9904 | €30,887 | €24,467 | -€6,420 | -20.8% |
| Profit (loss) for the period to be appropriated | 9905 | €30,887 | €24,467 | -€6,420 | -20.8% |
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 13 October 2026 via checked.be.