CD ELEC: 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.
CD ELEC
Largest movements
- Tangible fixed assets -€13,607
down €13,607 (-25.6%), from €53,161 to €39,554
of which Plant, machinery and equipment: -€7,044
- Cash +€4,652
up €4,652 (+31.9%), from €14,579 to €19,230
mainly Depreciation (+€16,073) and Receivables within one year (+€3,096)
- Stocks and contracts +€3,700
up €3,700 (+88.1%), from €4,200 to €7,900
- Receivables within one year -€3,096
down €3,096 (-16.0%), from €19,289 to €16,193
of which Trade receivables: -€7,963
- Other debts -€10,422
down €10,422 (-27.0%), from €38,592 to €28,170
- Trade debts +€1,754
up €1,754 (+15.6%), from €11,243 to €12,997
- Gross operating margin -€18,959
down €18,959 (-21.4%), from €88,577 to €69,619
- Taxes -€3,227
down €3,227 (-92.0%), from €3,509 to €282
- Depreciation -€1,783
down €1,783 (-10.0%), from €17,857 to €16,073
- Other operating charges -€887
down €887 (-77.2%), from €1,150 to €263
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 | €94,155 | €85,556 | -€8,599 | -9.1% |
| Formation expenses | 20 | €783 | €522 | -€261 | -33.3% |
| Fixed assets | 21/28 | €54,026 | €40,419 | -€13,607 | -25.2% |
| Tangible fixed assets | 22/27 | €53,161 | €39,554 | -€13,607 | -25.6% |
| Plant, machinery and equipment | 23 | €33,720 | €26,676 | -€7,044 | -20.9% |
| Furniture and vehicles | 24 | €19,441 | €12,878 | -€6,563 | -33.8% |
| Financial fixed assets | 28 | €865 | €865 | = | 0.0% |
| Current assets | 29/58 | €39,346 | €44,615 | +€5,269 | +13.4% |
| Stocks and contracts in progress | 3 | €4,200 | €7,900 | +€3,700 | +88.1% |
| Stocks | 30/36 | €4,200 | €7,900 | +€3,700 | +88.1% |
| Amounts receivable within one year | 40/41 | €19,289 | €16,193 | -€3,096 | -16.0% |
| Trade receivables | 40 | €14,406 | €6,443 | -€7,963 | -55.3% |
| Other amounts receivable | 41 | €4,882 | €9,750 | +€4,867 | +99.7% |
| Cash at bank and in hand | 54/58 | €14,579 | €19,230 | +€4,652 | +31.9% |
| Deferred charges and accrued income | 490/1 | €1,278 | €1,292 | +€13 | +1.0% |
| Total equity and liabilities | 10/49 | €94,155 | €85,556 | -€8,599 | -9.1% |
| Equity | 10/15 | €39,854 | €39,927 | +€73 | +0.2% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €29,854 | €29,927 | +€73 | +0.2% |
| Amounts payable | 17/49 | €54,301 | €45,629 | -€8,672 | -16.0% |
| Amounts payable within one year | 42/48 | €54,301 | €45,629 | -€8,672 | -16.0% |
| Trade debts | 44 | €11,243 | €12,997 | +€1,754 | +15.6% |
| Suppliers | 440/4 | €11,243 | €12,997 | +€1,754 | +15.6% |
| Taxes, remuneration and social security | 45 | €4,466 | €4,462 | -€4 | -0.1% |
| Remuneration and social security | 454/9 | €4,466 | €4,462 | -€4 | -0.1% |
| Other amounts payable | 47/48 | €38,592 | €28,170 | -€10,422 | -27.0% |
| Remuneration, social security and pensions | 62 | €52,695 | €52,704 | +€9 | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,857 | €16,073 | -€1,783 | -10.0% |
| Other operating charges | 640/8 | €1,150 | €263 | -€887 | -77.2% |
| Gross operating margin | 9900 | €88,577 | €69,619 | -€18,959 | -21.4% |
| Operating profit (loss) | 9901 | €16,876 | €579 | -€16,297 | -96.6% |
| Financial income | 75/76B | €47 | €4 | -€43 | -90.5% |
| Recurring financial income | 75 | €47 | €4 | -€43 | -90.5% |
| Financial charges | 65/66B | €303 | €228 | -€74 | -24.6% |
| Recurring financial charges | 65 | €303 | €228 | -€74 | -24.6% |
| Profit (loss) for the period before taxes | 9903 | €16,621 | €355 | -€16,266 | -97.9% |
| Income taxes | 67/77 | €3,509 | €282 | -€3,227 | -92.0% |
| Profit (loss) for the period | 9904 | €13,112 | €73 | -€13,039 | -99.4% |
| Profit (loss) for the period to be appropriated | 9905 | €13,112 | €73 | -€13,039 | -99.4% |
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 8 October 2026 via checked.be.