Belgaelectric: 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.
Belgaelectric
Largest movements
- Receivables within one year -€7,094
down €7,094 (-56.2%), from €12,633 to €5,538
of which Other amounts receivable: -€3,802
- Stocks and contracts +€2,852
up €2,852 (+66.4%), from €4,297 to €7,149
- Cash -€1,937
down €1,937 (-61.2%), from €3,164 to €1,227
mainly Trade debts (-€3,517) and Net result for the year (-€2,998)
- Deferred charges and accrued income -€358
no longer reported in 2025 (was €358)
- Trade debts -€3,517
down €3,517 (-65.4%), from €5,374 to €1,857
- Profit (loss) carried forward -€2,574
down €2,574, from €882 to -€1,693
- Reserves -€424
down €424 (-4.1%), from €10,424 to €10,000
- Gross operating margin -€5,516
down €5,516, from €4,168 to -€1,349
- Taxes -€349
down €349 (-35.3%), from €988 to €639
- Other operating charges +€256
up €256 (+59.9%), from €427 to €684
- Financial charges +€166
up €166 (+54.4%), from €305 to €471
- Financial income -€134
down €134 (-44.0%), from €305 to €171
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 | €21,043 | €14,479 | -€6,565 | -31.2% |
| Fixed assets | 21/28 | €592 | €565 | -€27 | -4.5% |
| Tangible fixed assets | 22/27 | €57 | €30 | -€27 | -47.4% |
| Plant, machinery and equipment | 23 | €57 | €30 | -€27 | -47.4% |
| Financial fixed assets | 28 | €535 | €535 | = | 0.0% |
| Current assets | 29/58 | €20,452 | €13,914 | -€6,538 | -32.0% |
| Stocks and contracts in progress | 3 | €4,297 | €7,149 | +€2,852 | +66.4% |
| Stocks | 30/36 | €4,297 | €7,149 | +€2,852 | +66.4% |
| Amounts receivable within one year | 40/41 | €12,633 | €5,538 | -€7,094 | -56.2% |
| Trade receivables | 40 | €7,796 | €4,504 | -€3,292 | -42.2% |
| Other amounts receivable | 41 | €4,837 | €1,035 | -€3,802 | -78.6% |
| Cash at bank and in hand | 54/58 | €3,164 | €1,227 | -€1,937 | -61.2% |
| Deferred charges and accrued income | 490/1 | €358 | - | -€358 | |
| Total equity and liabilities | 10/49 | €21,043 | €14,479 | -€6,565 | -31.2% |
| Equity | 10/15 | €14,682 | €11,683 | -€2,998 | -20.4% |
| Contributions | 10/11 | €3,376 | €3,376 | = | 0.0% |
| Reserves | 13 | €10,424 | €10,000 | -€424 | -4.1% |
| Distributable reserves | 133 | €10,424 | €10,000 | -€424 | -4.1% |
| Profit (loss) carried forward | 14 | €882 | -€1,693 | -€2,574 | |
| Amounts payable | 17/49 | €6,362 | €2,795 | -€3,567 | -56.1% |
| Amounts payable within one year | 42/48 | €6,362 | €2,795 | -€3,567 | -56.1% |
| Trade debts | 44 | €5,374 | €1,857 | -€3,517 | -65.4% |
| Suppliers | 440/4 | €5,374 | €1,857 | -€3,517 | -65.4% |
| Taxes, remuneration and social security | 45 | €988 | €938 | -€49 | -5.0% |
| Taxes | 450/3 | €988 | €938 | -€49 | -5.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €51 | €27 | -€25 | -47.9% |
| Other operating charges | 640/8 | €427 | €684 | +€256 | +59.9% |
| Gross operating margin | 9900 | €4,168 | -€1,349 | -€5,516 | |
| Operating profit (loss) | 9901 | €3,689 | -€2,059 | -€5,748 | |
| Financial income | 75/76B | €305 | €171 | -€134 | -44.0% |
| Recurring financial income | 75 | €305 | €171 | -€134 | -44.0% |
| Financial charges | 65/66B | €305 | €471 | +€166 | +54.4% |
| Recurring financial charges | 65 | €305 | €471 | +€166 | +54.4% |
| Profit (loss) for the period before taxes | 9903 | €3,689 | -€2,359 | -€6,048 | |
| Income taxes | 67/77 | €988 | €639 | -€349 | -35.3% |
| Profit (loss) for the period | 9904 | €2,701 | -€2,998 | -€5,699 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,701 | -€2,998 | -€5,699 |
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 10 October 2026 via checked.be.