CELECTRIC: 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.
CELECTRIC
Largest movements
- Receivables within one year -€98,577
down €98,577 (-24.4%), from €403,987 to €305,410
of which Trade receivables: -€98,588
- Cash -€40,266
down €40,266 (-89.2%), from €45,153 to €4,887
mainly Net result for the year (-€46,874) and Other debts (-€37,804)
- Tangible fixed assets +€8,178
up €8,178 (+22.9%), from €35,672 to €43,850
- Profit (loss) carried forward -€46,874
down €46,874 (-7.9%), from -€594,667 to -€641,541
- Other debts -€37,804
down €37,804 (-3.6%), from €1.1m to €1.0m
- Trade debts -€28,966
down €28,966 (-43.4%), from €66,795 to €37,829
- Tax, wage and social debts -€14,743
down €14,743 (-21.6%), from €68,357 to €53,614
of which Remuneration and social security: -€12,712
- Staff costs +€85,893
up €85,893 (+10.0%), from €856,460 to €942,352
- Other operating charges -€40,391
down €40,391 (-98.5%), from €41,023 to €632
- Depreciation +€9,142
up €9,142 (+163.9%), from €5,577 to €14,719
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 | €610,700 | €483,119 | -€127,581 | -20.9% |
| Fixed assets | 21/28 | €35,672 | €43,850 | +€8,178 | +22.9% |
| Tangible fixed assets | 22/27 | €35,672 | €43,850 | +€8,178 | +22.9% |
| Plant, machinery and equipment | 23 | €35,672 | €43,850 | +€8,178 | +22.9% |
| Current assets | 29/58 | €575,028 | €439,270 | -€135,758 | -23.6% |
| Stocks and contracts in progress | 3 | €125,888 | €128,973 | +€3,085 | +2.5% |
| Stocks | 30/36 | €125,888 | €128,973 | +€3,085 | +2.5% |
| Amounts receivable within one year | 40/41 | €403,987 | €305,410 | -€98,577 | -24.4% |
| Trade receivables | 40 | €400,617 | €302,029 | -€98,588 | -24.6% |
| Other amounts receivable | 41 | €3,370 | €3,381 | +€11 | +0.3% |
| Cash at bank and in hand | 54/58 | €45,153 | €4,887 | -€40,266 | -89.2% |
| Total equity and liabilities | 10/49 | €610,700 | €483,119 | -€127,581 | -20.9% |
| Equity | 10/15 | -€594,667 | -€641,541 | -€46,874 | -7.9% |
| Profit (loss) carried forward | 14 | -€594,667 | -€641,541 | -€46,874 | -7.9% |
| Amounts payable | 17/49 | €1,205,367 | €1,124,660 | -€80,707 | -6.7% |
| Amounts payable within one year | 42/48 | €1,205,367 | €1,124,660 | -€80,707 | -6.7% |
| Trade debts | 44 | €66,795 | €37,829 | -€28,966 | -43.4% |
| Suppliers | 440/4 | €66,795 | €37,829 | -€28,966 | -43.4% |
| Advances received on contracts in progress | 46 | €9,717 | €10,523 | +€806 | +8.3% |
| Taxes, remuneration and social security | 45 | €68,357 | €53,614 | -€14,743 | -21.6% |
| Taxes | 450/3 | €31,055 | €29,024 | -€2,030 | -6.5% |
| Remuneration and social security | 454/9 | €37,302 | €24,590 | -€12,712 | -34.1% |
| Other amounts payable | 47/48 | €1,060,498 | €1,022,695 | -€37,804 | -3.6% |
| Remuneration, social security and pensions | 62 | €856,460 | €942,352 | +€85,893 | +10.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,577 | €14,719 | +€9,142 | +163.9% |
| Other operating charges | 640/8 | €41,023 | €632 | -€40,391 | -98.5% |
| Non-recurring operating charges | 66A | €8,045 | - | -€8,045 | |
| Gross operating margin | 9900 | €904,964 | €913,877 | +€8,913 | +1.0% |
| Operating profit (loss) | 9901 | -€6,141 | -€43,826 | -€37,685 | -613.7% |
| Financial charges | 65/66B | €2,978 | €3,048 | +€70 | +2.4% |
| Recurring financial charges | 65 | €2,978 | €3,048 | +€70 | +2.4% |
| Profit (loss) for the period before taxes | 9903 | -€9,119 | -€46,874 | -€37,755 | -414.0% |
| Profit (loss) for the period | 9904 | -€9,119 | -€46,874 | -€37,755 | -414.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,119 | -€46,874 | -€37,755 | -414.0% |
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 30 September 2026 via checked.be.