B-ELECTRO: what changed
Two fiscal 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-ELECTRO
Largest movements
- Receivables within one year -€46,555
down €46,555 (-32.8%), from €141,889 to €95,334
of which Trade receivables: -€57,705
- Tangible fixed assets +€41,772
up €41,772 (+15.1%), from €276,874 to €318,646
of which Furniture and vehicles: +€49,061
- Cash +€31,603
up €31,603 (+43.1%), from €73,333 to €104,936
mainly Receivables within one year (+€46,555) and Net result for the year (+€34,842)
- Tax, wage and social debts -€36,884
down €36,884 (-66.8%), from €55,205 to €18,322
of which Taxes: -€33,384
- Reserves +€30,000
up €30,000 (+30.0%), from €100,000 to €130,000
- Trade debts +€23,031
up €23,031 (+44.5%), from €51,786 to €74,817
- Other debts +€18,949
up €18,949 (+17.2%), from €110,423 to €129,372
- Debts after one year -€8,776
down €8,776 (-5.7%), from €153,125 to €144,349
- Gross operating margin -€9,145
down €9,145 (-10.1%), from €90,596 to €81,451
- Depreciation +€8,609
up €8,609 (+66.2%), from €13,003 to €21,612
- Financial charges +€3,267
up €3,267 (+45.5%), from €7,182 to €10,449
- Taxes -€2,884
down €2,884 (-15.0%), from €19,256 to €16,372
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.
Cash bridge derived
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 | €501,448 | €532,938 | +€31,489 | +6.3% |
| Formation expenses | 20 | - | €0 | = | |
| Fixed assets | 21/28 | €276,875 | €318,647 | +€41,772 | +15.1% |
| Intangible fixed assets | 21 | €1 | €1 | = | 0.0% |
| Tangible fixed assets | 22/27 | €276,874 | €318,646 | +€41,772 | +15.1% |
| Land and buildings | 22 | €242,967 | €232,946 | -€10,021 | -4.1% |
| Plant, machinery and equipment | 23 | €6,963 | €9,694 | +€2,731 | +39.2% |
| Furniture and vehicles | 24 | €26,945 | €76,006 | +€49,061 | +182.1% |
| Current assets | 29/58 | €224,573 | €214,291 | -€10,282 | -4.6% |
| Stocks and contracts in progress | 3 | €6,464 | €9,837 | +€3,373 | +52.2% |
| Stocks | 30/36 | €6,464 | €9,837 | +€3,373 | +52.2% |
| Amounts receivable within one year | 40/41 | €141,889 | €95,334 | -€46,555 | -32.8% |
| Trade receivables | 40 | €132,373 | €74,668 | -€57,705 | -43.6% |
| Other amounts receivable | 41 | €9,516 | €20,666 | +€11,150 | +117.2% |
| Cash at bank and in hand | 54/58 | €73,333 | €104,936 | +€31,603 | +43.1% |
| Deferred charges and accrued income | 490/1 | €2,887 | €4,183 | +€1,297 | +44.9% |
| Total equity and liabilities | 10/49 | €501,448 | €532,938 | +€31,489 | +6.3% |
| Equity | 10/15 | €122,461 | €157,303 | +€34,842 | +28.5% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €100,000 | €130,000 | +€30,000 | +30.0% |
| Distributable reserves | 133 | €100,000 | €130,000 | +€30,000 | +30.0% |
| Profit (loss) carried forward | 14 | €16,461 | €21,303 | +€4,842 | +29.4% |
| Amounts payable | 17/49 | €378,987 | €375,635 | -€3,352 | -0.9% |
| Amounts payable after more than one year | 17 | €153,125 | €144,349 | -€8,776 | -5.7% |
| Financial debts | 170/4 | €153,125 | €144,349 | -€8,776 | -5.7% |
| Amounts payable within one year | 42/48 | €225,862 | €231,286 | +€5,424 | +2.4% |
| Current portion of amounts payable after more than one year | 42 | €8,449 | €8,776 | +€328 | +3.9% |
| Trade debts | 44 | €51,786 | €74,817 | +€23,031 | +44.5% |
| Suppliers | 440/4 | €51,786 | €74,817 | +€23,031 | +44.5% |
| Taxes, remuneration and social security | 45 | €55,205 | €18,322 | -€36,884 | -66.8% |
| Taxes | 450/3 | €51,705 | €18,322 | -€33,384 | -64.6% |
| Remuneration and social security | 454/9 | €3,500 | €0 | -€3,500 | -100.0% |
| Other amounts payable | 47/48 | €110,423 | €129,372 | +€18,949 | +17.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,003 | €21,612 | +€8,609 | +66.2% |
| Other operating charges | 640/8 | €610 | €1,235 | +€625 | +102.4% |
| Gross operating margin | 9900 | €90,596 | €81,451 | -€9,145 | -10.1% |
| Operating profit (loss) | 9901 | €76,983 | €58,604 | -€18,378 | -23.9% |
| Financial income | 75/76B | €3,656 | €3,058 | -€598 | -16.3% |
| Recurring financial income | 75 | €3,656 | €3,058 | -€598 | -16.3% |
| Financial charges | 65/66B | €7,182 | €10,449 | +€3,267 | +45.5% |
| Recurring financial charges | 65 | €7,182 | €10,449 | +€3,267 | +45.5% |
| Profit (loss) for the period before taxes | 9903 | €73,456 | €51,213 | -€22,243 | -30.3% |
| Income taxes | 67/77 | €19,256 | €16,372 | -€2,884 | -15.0% |
| Profit (loss) for the period | 9904 | €54,201 | €34,842 | -€19,359 | -35.7% |
| Profit (loss) for the period to be appropriated | 9905 | €54,201 | €34,842 | -€19,359 | -35.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.