DAVID ELECTRO: 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.
DAVID ELECTRO
Largest movements
- Stocks and contracts +€62,081
up €62,081 (+4634.0%), from €1,340 to €63,421
- Receivables within one year +€11,499
up €11,499 (+252.3%), from €4,558 to €16,057
of which Other amounts receivable: +€10,893
- Cash -€3,985
down €3,985 (-60.2%), from €6,622 to €2,638
mainly Stocks and contracts (-€62,081) and Receivables within one year (-€11,499)
- Other debts +€73,164
up €73,164 (+1496.2%), from €4,890 to €78,054
- Profit (loss) carried forward -€3,911
down €3,911 (-13.3%), from -€29,428 to -€33,339
- Gross operating margin -€3,542
down €3,542, from €724 to -€2,818
- Depreciation +€331
up €331 (+98.3%), from €337 to €668
- Financial charges -€44
down €44 (-59.8%), from €74 to €30
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 | €14,662 | €84,109 | +€69,447 | +473.6% |
| Fixed assets | 21/28 | €2,142 | €1,994 | -€148 | -6.9% |
| Tangible fixed assets | 22/27 | €2,142 | €1,994 | -€148 | -6.9% |
| Plant, machinery and equipment | 23 | - | €471 | +€471 | |
| Furniture and vehicles | 24 | €2,142 | €1,522 | -€620 | -28.9% |
| Current assets | 29/58 | €12,520 | €82,115 | +€69,595 | +555.9% |
| Stocks and contracts in progress | 3 | €1,340 | €63,421 | +€62,081 | +4634.0% |
| Stocks | 30/36 | €1,340 | €63,421 | +€62,081 | +4634.0% |
| Amounts receivable within one year | 40/41 | €4,558 | €16,057 | +€11,499 | +252.3% |
| Trade receivables | 40 | €3,668 | €4,274 | +€606 | +16.5% |
| Other amounts receivable | 41 | €890 | €11,783 | +€10,893 | +1224.3% |
| Cash at bank and in hand | 54/58 | €6,622 | €2,638 | -€3,985 | -60.2% |
| Total equity and liabilities | 10/49 | €14,662 | €84,109 | +€69,447 | +473.6% |
| Equity | 10/15 | €9,772 | €5,861 | -€3,911 | -40.0% |
| Contributions | 10/11 | €18,900 | €18,900 | = | 0.0% |
| Reserves | 13 | €20,300 | €20,300 | = | 0.0% |
| Tax-exempt reserves | 132 | €14,000 | €14,000 | = | 0.0% |
| Distributable reserves | 133 | €6,300 | €6,300 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€29,428 | -€33,339 | -€3,911 | -13.3% |
| Amounts payable | 17/49 | €4,890 | €78,248 | +€73,358 | +1500.1% |
| Amounts payable within one year | 42/48 | €4,890 | €78,248 | +€73,358 | +1500.1% |
| Trade debts | 44 | - | €195 | +€195 | |
| Suppliers | 440/4 | - | €195 | +€195 | |
| Other amounts payable | 47/48 | €4,890 | €78,054 | +€73,164 | +1496.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €337 | €668 | +€331 | +98.3% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €724 | -€2,818 | -€3,542 | |
| Operating profit (loss) | 9901 | -€0 | -€3,886 | -€3,886 | -1253574.2% |
| Financial income | 75/76B | €33 | €5 | -€28 | -85.4% |
| Recurring financial income | 75 | €33 | €5 | -€28 | -85.4% |
| Financial charges | 65/66B | €74 | €30 | -€44 | -59.8% |
| Recurring financial charges | 65 | €74 | €30 | -€44 | -59.8% |
| Profit (loss) for the period before taxes | 9903 | -€41 | -€3,911 | -€3,870 | -9340.7% |
| Profit (loss) for the period | 9904 | -€41 | -€3,911 | -€3,870 | -9340.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€41 | -€3,911 | -€3,870 | -9340.7% |
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 29 September 2026 via checked.be.