E-ELEC: 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.
E-ELEC
Largest movements
- Tangible fixed assets +€21,442
new in 2024: €21,442
- Cash +€11,513
up €11,513 (+217%), from €5,305 to €16,818
mainly Trade debts (+€26,810) and Receivables within one year (+€7,816)
- Receivables within one year -€7,816
down €7,816 (-8.3%), from €94,302 to €86,486
of which Trade receivables: -€44,763
- Stocks and contracts +€6,580
new in 2024: €6,580
- Deferred charges and accrued income +€1,477
up €1,477 (+43.7%), from €3,383 to €4,860
- Trade debts +€26,810
up €26,810 (+954%), from €2,809 to €29,619
- Profit (loss) carried forward +€4,874
up €4,874 (+6.0%), from €81,208 to €86,082
- Tax, wage and social debts +€3,572
up €3,572 (+1,684%), from €212 to €3,785
of which Remuneration and social security: +€3,572
- Current portion of long-term debt -€2,061
no longer reported in 2024 (was €2,061)
- Staff costs +€9,072
up €9,072 (+376%), from €2,415 to €11,487
- Gross operating margin -€8,589
down €8,589 (-28.0%), from €30,704 to €22,115
- Depreciation -€2,399
no longer reported in 2024 (was €2,399)
- Taxes +€1,844
up €1,844 (+79.2%), from €2,329 to €4,173
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €102,990 | €136,185 | +€33,195 | +32.2% |
| Fixed assets | 21/28 | - | €21,442 | +€21,442 | |
| Tangible fixed assets | 22/27 | - | €21,442 | +€21,442 | |
| Furniture and vehicles | 24 | - | €21,442 | +€21,442 | |
| Current assets | 29/58 | €102,990 | €114,743 | +€11,753 | +11.4% |
| Stocks and contracts in progress | 3 | - | €6,580 | +€6,580 | |
| Stocks | 30/36 | - | €6,580 | +€6,580 | |
| Amounts receivable within one year | 40/41 | €94,302 | €86,486 | -€7,816 | -8.3% |
| Trade receivables | 40 | €85,969 | €41,206 | -€44,763 | -52.1% |
| Other amounts receivable | 41 | €8,333 | €45,280 | +€36,947 | +443% |
| Cash at bank and in hand | 54/58 | €5,305 | €16,818 | +€11,513 | +217% |
| Deferred charges and accrued income | 490/1 | €3,383 | €4,860 | +€1,477 | +43.7% |
| Total equity and liabilities | 10/49 | €102,990 | €136,185 | +€33,195 | +32.2% |
| Equity | 10/15 | €97,908 | €102,782 | +€4,874 | +5.0% |
| Contributions | 10/11 | €16,700 | €16,700 | = | 0.0% |
| Profit (loss) carried forward | 14 | €81,208 | €86,082 | +€4,874 | +6.0% |
| Amounts payable | 17/49 | €5,082 | €33,403 | +€28,321 | +557% |
| Amounts payable within one year | 42/48 | €5,082 | €33,403 | +€28,321 | +557% |
| Current portion of amounts payable after more than one year | 42 | €2,061 | - | -€2,061 | |
| Trade debts | 44 | €2,809 | €29,619 | +€26,810 | +954% |
| Suppliers | 440/4 | €2,809 | €29,619 | +€26,810 | +954% |
| Taxes, remuneration and social security | 45 | €212 | €3,785 | +€3,572 | +1,684% |
| Taxes | 450/3 | €3 | €3 | -€0 | -0.3% |
| Remuneration and social security | 454/9 | €209 | €3,782 | +€3,572 | +1,707% |
| Remuneration, social security and pensions | 62 | €2,415 | €11,487 | +€9,072 | +376% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,399 | - | -€2,399 | |
| Other operating charges | 640/8 | €1,275 | €1,402 | +€127 | +10.0% |
| Gross operating margin | 9900 | €30,704 | €22,115 | -€8,589 | -28.0% |
| Operating profit (loss) | 9901 | €24,614 | €9,225 | -€15,389 | -62.5% |
| Financial income | 75/76B | €69 | - | -€69 | |
| Recurring financial income | 75 | €69 | - | -€69 | |
| Financial charges | 65/66B | €469 | €178 | -€291 | -62.0% |
| Recurring financial charges | 65 | €469 | €178 | -€291 | -62.0% |
| Profit (loss) for the period before taxes | 9903 | €24,214 | €9,047 | -€15,167 | -62.6% |
| Income taxes | 67/77 | €2,329 | €4,173 | +€1,844 | +79.2% |
| Profit (loss) for the period | 9904 | €21,885 | €4,874 | -€17,011 | -77.7% |
| Profit (loss) for the period to be appropriated | 9905 | €21,885 | €4,874 | -€17,011 | -77.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.