C-ELECT: 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.
C-ELECT
Largest movements
- Tangible fixed assets -€5,489
down €5,489 (-26.1%), from €21,015 to €15,526
- Receivables within one year +€4,201
up €4,201 (+47.5%), from €8,835 to €13,036
of which Trade receivables: +€6,081
- Cash -€2,307
down €2,307 (-47.8%), from €4,828 to €2,521
mainly Receivables within one year (-€4,201) and Net result for the year (-€2,523)
- Reserves -€2,523
down €2,523 (-12.1%), from €20,799 to €18,276
of which Distributable reserves: -€2,523
- Tax, wage and social debts -€983
down €983 (-97.9%), from €1,003 to €21
- Turnover +€20,715
new in 2025: €20,715
- Purchases and services +€17,082
new in 2025: €17,082
- Gross operating margin -€4,520
down €4,520 (-55.4%), from €8,153 to €3,632
- Taxes -€1,013
no longer reported in 2025 (was €1,013)
- Depreciation +€412
up €412 (+8.1%), from €5,077 to €5,489
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 | €36,791 | €33,197 | -€3,594 | -9.8% |
| Fixed assets | 21/28 | €21,278 | €15,789 | -€5,488 | -25.8% |
| Tangible fixed assets | 22/27 | €21,015 | €15,526 | -€5,489 | -26.1% |
| Furniture and vehicles | 24 | €21,015 | €15,526 | -€5,489 | -26.1% |
| Financial fixed assets | 28 | €263 | €263 | +€1 | +0.2% |
| Current assets | 29/58 | €15,513 | €17,407 | +€1,894 | +12.2% |
| Stocks and contracts in progress | 3 | €1,000 | €1,000 | = | 0.0% |
| Stocks | 30/36 | €1,000 | €1,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €8,835 | €13,036 | +€4,201 | +47.5% |
| Trade receivables | 40 | €6,535 | €12,617 | +€6,081 | +93.1% |
| Other amounts receivable | 41 | €2,300 | €419 | -€1,881 | -81.8% |
| Cash at bank and in hand | 54/58 | €4,828 | €2,521 | -€2,307 | -47.8% |
| Deferred charges and accrued income | 490/1 | €850 | €850 | -€0 | 0.0% |
| Total equity and liabilities | 10/49 | €36,791 | €33,197 | -€3,594 | -9.8% |
| Equity | 10/15 | €35,699 | €33,176 | -€2,523 | -7.1% |
| Contributions | 10/11 | €14,900 | €14,900 | = | 0.0% |
| Reserves | 13 | €20,799 | €18,276 | -€2,523 | -12.1% |
| Non-distributable reserves | 130/1 | €1,000 | €1,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,000 | €1,000 | = | 0.0% |
| Distributable reserves | 133 | €19,799 | €17,276 | -€2,523 | -12.7% |
| Amounts payable | 17/49 | €1,092 | €21 | -€1,072 | -98.1% |
| Amounts payable within one year | 42/48 | €1,092 | €21 | -€1,072 | -98.1% |
| Taxes, remuneration and social security | 45 | €1,003 | €21 | -€983 | -97.9% |
| Taxes | 450/3 | €1,003 | €21 | -€983 | -97.9% |
| Other amounts payable | 47/48 | €89 | - | -€89 | |
| Turnover | 70 | - | €20,715 | +€20,715 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €17,082 | +€17,082 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,077 | €5,489 | +€412 | +8.1% |
| Other operating charges | 640/8 | €533 | €622 | +€88 | +16.6% |
| Gross operating margin | 9900 | €8,153 | €3,632 | -€4,520 | -55.4% |
| Operating profit (loss) | 9901 | €2,543 | -€2,478 | -€5,021 | |
| Financial charges | 65/66B | €45 | €45 | -€0 | -0.6% |
| Recurring financial charges | 65 | €45 | €45 | -€0 | -0.6% |
| Profit (loss) for the period before taxes | 9903 | €2,498 | -€2,523 | -€5,021 | |
| Income taxes | 67/77 | €1,013 | - | -€1,013 | |
| Profit (loss) for the period | 9904 | €1,485 | -€2,523 | -€4,008 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,485 | -€2,523 | -€4,008 |
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 14 October 2026 via checked.be.