BR ELECTRIMEK: 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.
BR ELECTRIMEK
Largest movements
- Receivables within one year +€441,011
up €441,011 (+51.3%), from €860,460 to €1.3m
of which Trade receivables: +€478,075
- Stocks and contracts +€113,119
new in 2025: €113,119
- Cash +€61,275
up €61,275 (+58.9%), from €104,047 to €165,322
mainly Other debts (+€428,284) and Trade debts (+€133,724)
- Tangible fixed assets -€37,521
down €37,521 (-2.5%), from €1.5m to €1.4m
of which Land and buildings: -€41,887
- Other debts +€428,284
up €428,284 (+142%), from €302,377 to €730,661
- Trade debts +€133,724
up €133,724 (+27.2%), from €491,499 to €625,223
- Short-term financial debts +€100,009
up €100,009 (+100%), from €100,000 to €200,009
- Profit (loss) carried forward -€83,872
down €83,872, from €57,046 to -€26,826
- Debts after one year -€70,079
down €70,079 (-5.3%), from €1.3m to €1.3m
- Gross operating margin +€281,196
up €281,196 (+40.4%), from €695,350 to €976,546
- Staff costs +€204,681
up €204,681 (+31.2%), from €655,926 to €860,607
- Financial charges +€16,210
up €16,210 (+26.6%), from €61,016 to €77,226
- Depreciation +€10,517
up €10,517 (+17.9%), from €58,715 to €69,232
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 | €2,499,920 | €3,051,954 | +€552,034 | +22.1% |
| Fixed assets | 21/28 | €1,496,549 | €1,460,457 | -€36,092 | -2.4% |
| Intangible fixed assets | 21 | €17,724 | €18,403 | +€679 | +3.8% |
| Tangible fixed assets | 22/27 | €1,477,625 | €1,440,104 | -€37,521 | -2.5% |
| Land and buildings | 22 | €1,442,789 | €1,400,902 | -€41,887 | -2.9% |
| Plant, machinery and equipment | 23 | €1,946 | €4,543 | +€2,597 | +133% |
| Furniture and vehicles | 24 | €32,890 | €34,659 | +€1,769 | +5.4% |
| Financial fixed assets | 28 | €1,200 | €1,950 | +€750 | +62.5% |
| Current assets | 29/58 | €1,003,371 | €1,591,496 | +€588,125 | +58.6% |
| Stocks and contracts in progress | 3 | - | €113,119 | +€113,119 | |
| Stocks | 30/36 | - | €113,119 | +€113,119 | |
| Amounts receivable within one year | 40/41 | €860,460 | €1,301,471 | +€441,011 | +51.3% |
| Trade receivables | 40 | €741,999 | €1,220,074 | +€478,075 | +64.4% |
| Other amounts receivable | 41 | €118,461 | €81,397 | -€37,064 | -31.3% |
| Cash at bank and in hand | 54/58 | €104,047 | €165,322 | +€61,275 | +58.9% |
| Deferred charges and accrued income | 490/1 | €38,864 | €11,584 | -€27,280 | -70.2% |
| Total equity and liabilities | 10/49 | €2,499,920 | €3,051,954 | +€552,034 | +22.1% |
| Equity | 10/15 | €77,506 | -€6,366 | -€83,872 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €57,046 | -€26,826 | -€83,872 | |
| Amounts payable | 17/49 | €2,422,414 | €3,058,319 | +€635,905 | +26.3% |
| Amounts payable after more than one year | 17 | €1,331,162 | €1,261,083 | -€70,079 | -5.3% |
| Financial debts | 170/4 | €1,331,162 | €1,261,083 | -€70,079 | -5.3% |
| Amounts payable within one year | 42/48 | €1,091,232 | €1,797,236 | +€706,004 | +64.7% |
| Current portion of amounts payable after more than one year | 42 | €61,480 | €59,237 | -€2,243 | -3.6% |
| Financial debts | 43 | €100,000 | €200,009 | +€100,009 | +100% |
| Credit institutions | 430/8 | €100,000 | €200,009 | +€100,009 | +100% |
| Trade debts | 44 | €491,499 | €625,223 | +€133,724 | +27.2% |
| Suppliers | 440/4 | €491,499 | €625,223 | +€133,724 | +27.2% |
| Taxes, remuneration and social security | 45 | €135,876 | €182,107 | +€46,231 | +34.0% |
| Taxes | 450/3 | €23,169 | €47,306 | +€24,137 | +104% |
| Remuneration and social security | 454/9 | €112,707 | €134,801 | +€22,094 | +19.6% |
| Other amounts payable | 47/48 | €302,377 | €730,661 | +€428,284 | +142% |
| Accrued charges and deferred income | 492/3 | €20 | - | -€20 | |
| Remuneration, social security and pensions | 62 | €655,926 | €860,607 | +€204,681 | +31.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €58,715 | €69,232 | +€10,517 | +17.9% |
| Other operating charges | 640/8 | €46,577 | €50,646 | +€4,069 | +8.7% |
| Gross operating margin | 9900 | €695,350 | €976,546 | +€281,196 | +40.4% |
| Operating profit (loss) | 9901 | -€65,868 | -€3,938 | +€61,930 | +94.0% |
| Financial income | 75/76B | €7,872 | - | -€7,872 | |
| Recurring financial income | 75 | €7,872 | - | -€7,872 | |
| Financial charges | 65/66B | €61,016 | €77,226 | +€16,210 | +26.6% |
| Recurring financial charges | 65 | €61,016 | €77,226 | +€16,210 | +26.6% |
| Profit (loss) for the period before taxes | 9903 | -€119,012 | -€81,163 | +€37,849 | +31.8% |
| Income taxes | 67/77 | €2,493 | €2,709 | +€216 | +8.7% |
| Profit (loss) for the period | 9904 | -€121,505 | -€83,872 | +€37,633 | +31.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€121,505 | -€83,872 | +€37,633 | +31.0% |
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 19 October 2026 via checked.be.