E.J.C. Elektro: 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.J.C. Elektro
Largest movements
- Tangible fixed assets +€101,629
up €101,629 (+552%), from €18,403 to €120,032
of which Leasing and similar rights: +€74,757
- Receivables within one year +€32,222
up €32,222 (+54.1%), from €59,542 to €91,765
of which Trade receivables: +€32,954
- Stocks and contracts +€13,219
up €13,219 (+40.9%), from €32,300 to €45,519
of which Contracts in progress: +€19,019
- Cash -€4,456
down €4,456 (-41.3%), from €10,796 to €6,340
mainly Investment in fixed assets (net) (-€105,881) and Receivables within one year (-€32,222)
- Reserves +€46,206
up €46,206 (+51.0%), from €90,664 to €136,869
- Debts after one year +€41,484
new in 2025: €41,484
- Trade debts +€26,417
up €26,417 (+160%), from €16,488 to €42,904
- Other debts +€11,305
new in 2025: €11,305
- Short-term financial debts +€8,876
up €8,876 (+118%), from €7,500 to €16,376
- Gross operating margin +€33,396
up €33,396 (+42.7%), from €78,261 to €111,656
- Taxes +€4,686
up €4,686 (+86.3%), from €5,429 to €10,116
- Depreciation -€2,973
down €2,973 (-41.1%), from €7,225 to €4,252
- Staff costs +€1,653
up €1,653 (+3.3%), from €49,883 to €51,536
- Other operating charges +€1,283
up €1,283 (+217%), from €590 to €1,873
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.
Derived cash bridge
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 | €123,514 | €268,680 | +€145,166 | +118% |
| Fixed assets | 21/28 | €19,378 | €121,007 | +€101,629 | +524% |
| Tangible fixed assets | 22/27 | €18,403 | €120,032 | +€101,629 | +552% |
| Plant, machinery and equipment | 23 | - | €25,205 | +€25,205 | |
| Furniture and vehicles | 24 | €1,750 | €4,488 | +€2,738 | +156% |
| Leasing and similar rights | 25 | - | €74,757 | +€74,757 | |
| Other tangible fixed assets | 26 | €16,653 | €15,583 | -€1,070 | -6.4% |
| Financial fixed assets | 28 | €975 | €975 | = | 0.0% |
| Current assets | 29/58 | €104,136 | €147,673 | +€43,537 | +41.8% |
| Stocks and contracts in progress | 3 | €32,300 | €45,519 | +€13,219 | +40.9% |
| Stocks | 30/36 | €23,800 | €18,000 | -€5,800 | -24.4% |
| Contracts in progress | 37 | €8,500 | €27,519 | +€19,019 | +224% |
| Amounts receivable within one year | 40/41 | €59,542 | €91,765 | +€32,222 | +54.1% |
| Trade receivables | 40 | €44,872 | €77,827 | +€32,954 | +73.4% |
| Other amounts receivable | 41 | €14,670 | €13,938 | -€732 | -5.0% |
| Cash at bank and in hand | 54/58 | €10,796 | €6,340 | -€4,456 | -41.3% |
| Deferred charges and accrued income | 490/1 | €1,498 | €4,050 | +€2,552 | +170% |
| Total equity and liabilities | 10/49 | €123,514 | €268,680 | +€145,166 | +118% |
| Equity | 10/15 | €92,664 | €138,869 | +€46,206 | +49.9% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €90,664 | €136,869 | +€46,206 | +51.0% |
| Distributable reserves | 133 | €90,664 | €136,869 | +€46,206 | +51.0% |
| Amounts payable | 17/49 | €30,851 | €129,811 | +€98,960 | +321% |
| Amounts payable after more than one year | 17 | - | €41,484 | +€41,484 | |
| Financial debts | 170/4 | - | €41,484 | +€41,484 | |
| Amounts payable within one year | 42/48 | €30,851 | €88,327 | +€57,476 | +186% |
| Current portion of amounts payable after more than one year | 42 | - | €8,137 | +€8,137 | |
| Financial debts | 43 | €7,500 | €16,376 | +€8,876 | +118% |
| Credit institutions | 430/8 | €7,500 | €16,376 | +€8,876 | +118% |
| Trade debts | 44 | €16,488 | €42,904 | +€26,417 | +160% |
| Suppliers | 440/4 | €16,488 | €42,904 | +€26,417 | +160% |
| Taxes, remuneration and social security | 45 | €6,863 | €9,605 | +€2,741 | +39.9% |
| Taxes | 450/3 | €716 | €4,356 | +€3,639 | +508% |
| Remuneration and social security | 454/9 | €6,147 | €5,249 | -€898 | -14.6% |
| Other amounts payable | 47/48 | - | €11,305 | +€11,305 | |
| Remuneration, social security and pensions | 62 | €49,883 | €51,536 | +€1,653 | +3.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,225 | €4,252 | -€2,973 | -41.1% |
| Other operating charges | 640/8 | €590 | €1,873 | +€1,283 | +217% |
| Gross operating margin | 9900 | €78,261 | €111,656 | +€33,396 | +42.7% |
| Operating profit (loss) | 9901 | €20,562 | €53,995 | +€33,433 | +163% |
| Financial income | 75/76B | €4,254 | €3,148 | -€1,107 | -26.0% |
| Recurring financial income | 75 | €4,254 | €3,148 | -€1,107 | -26.0% |
| Financial charges | 65/66B | €1,107 | €821 | -€286 | -25.8% |
| Recurring financial charges | 65 | €1,107 | €821 | -€286 | -25.8% |
| Profit (loss) for the period before taxes | 9903 | €23,709 | €56,321 | +€32,612 | +138% |
| Income taxes | 67/77 | €5,429 | €10,116 | +€4,686 | +86.3% |
| Profit (loss) for the period | 9904 | €18,279 | €46,206 | +€27,926 | +153% |
| Profit (loss) for the period to be appropriated | 9905 | €18,279 | €46,206 | +€27,926 | +153% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.