Dr. 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.
Dr. ELEC
Largest movements
- Tangible fixed assets -€29,389
down €29,389 (-4.5%), from €650,135 to €620,746
of which Land and buildings: -€24,949
- Cash -€15,819
down €15,819 (-25.4%), from €62,190 to €46,371
mainly Debts after one year (-€20,043) and Trade debts (-€12,808)
- Financial fixed assets +€10,470
new in 2025: €10,470
- Debts after one year -€20,043
down €20,043 (-3.8%), from €530,644 to €510,601
- Trade debts -€12,808
down €12,808 (-39.2%), from €32,669 to €19,861
- Profit (loss) carried forward +€8,906
up €8,906 (+5.9%), from €150,729 to €159,634
- Other debts -€8,826
down €8,826 (-34.3%), from €25,698 to €16,872
- Gross operating margin +€68,078
up €68,078 (+950.8%), from €7,160 to €75,238
- Financial charges +€18,981
up €18,981 (+381.0%), from €4,981 to €23,962
- Depreciation +€16,997
up €16,997 (+208.7%), from €8,144 to €25,141
- Staff costs +€9,088
up €9,088 (+301.9%), from €3,010 to €12,097
- Other operating charges +€927
up €927 (+26.2%), from €3,531 to €4,458
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 | €767,433 | €732,284 | -€35,149 | -4.6% |
| Fixed assets | 21/28 | €650,135 | €631,216 | -€18,919 | -2.9% |
| Tangible fixed assets | 22/27 | €650,135 | €620,746 | -€29,389 | -4.5% |
| Land and buildings | 22 | €636,646 | €611,696 | -€24,949 | -3.9% |
| Plant, machinery and equipment | 23 | - | €1,596 | +€1,596 | |
| Furniture and vehicles | 24 | €12,579 | €7,250 | -€5,329 | -42.4% |
| Other tangible fixed assets | 26 | €910 | €203 | -€707 | -77.7% |
| Financial fixed assets | 28 | - | €10,470 | +€10,470 | |
| Current assets | 29/58 | €117,298 | €101,069 | -€16,230 | -13.8% |
| Amounts receivable within one year | 40/41 | €51,682 | €49,443 | -€2,238 | -4.3% |
| Trade receivables | 40 | €21,824 | €42,175 | +€20,351 | +93.3% |
| Other amounts receivable | 41 | €29,858 | €7,269 | -€22,589 | -75.7% |
| Cash at bank and in hand | 54/58 | €62,190 | €46,371 | -€15,819 | -25.4% |
| Deferred charges and accrued income | 490/1 | €3,427 | €5,254 | +€1,828 | +53.3% |
| Total equity and liabilities | 10/49 | €767,433 | €732,284 | -€35,149 | -4.6% |
| Equity | 10/15 | €153,229 | €162,134 | +€8,906 | +5.8% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €150,729 | €159,634 | +€8,906 | +5.9% |
| Amounts payable | 17/49 | €614,204 | €570,150 | -€44,054 | -7.2% |
| Amounts payable after more than one year | 17 | €530,644 | €510,601 | -€20,043 | -3.8% |
| Financial debts | 170/4 | €530,644 | €510,601 | -€20,043 | -3.8% |
| Amounts payable within one year | 42/48 | €82,679 | €58,149 | -€24,530 | -29.7% |
| Current portion of amounts payable after more than one year | 42 | €19,356 | €20,043 | +€686 | +3.5% |
| Trade debts | 44 | €32,669 | €19,861 | -€12,808 | -39.2% |
| Suppliers | 440/4 | €32,669 | €19,861 | -€12,808 | -39.2% |
| Taxes, remuneration and social security | 45 | €4,955 | €1,373 | -€3,582 | -72.3% |
| Taxes | 450/3 | €2,724 | €1,373 | -€1,351 | -49.6% |
| Remuneration and social security | 454/9 | €2,232 | €0 | -€2,232 | -100.0% |
| Other amounts payable | 47/48 | €25,698 | €16,872 | -€8,826 | -34.3% |
| Accrued charges and deferred income | 492/3 | €882 | €1,400 | +€518 | +58.7% |
| Remuneration, social security and pensions | 62 | €3,010 | €12,097 | +€9,088 | +301.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,144 | €25,141 | +€16,997 | +208.7% |
| Other operating charges | 640/8 | €3,531 | €4,458 | +€927 | +26.2% |
| Gross operating margin | 9900 | €7,160 | €75,238 | +€68,078 | +950.8% |
| Operating profit (loss) | 9901 | -€7,524 | €33,543 | +€41,067 | |
| Financial income | 75/76B | €449 | €229 | -€220 | -49.0% |
| Recurring financial income | 75 | €449 | €229 | -€220 | -49.0% |
| Financial charges | 65/66B | €4,981 | €23,962 | +€18,981 | +381.0% |
| Recurring financial charges | 65 | €4,981 | €23,962 | +€18,981 | +381.0% |
| Profit (loss) for the period before taxes | 9903 | -€12,057 | €9,809 | +€21,867 | |
| Income taxes | 67/77 | €0 | €904 | +€904 | |
| Profit (loss) for the period | 9904 | -€12,057 | €8,906 | +€20,963 | |
| Profit (loss) for the period to be appropriated | 9905 | -€12,057 | €8,906 | +€20,963 |
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.