EGO ELECT: 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.
EGO ELECT
Largest movements
- Cash -€32,598
down €32,598 (-44.5%), from €73,221 to €40,624
mainly Trade debts (-€23,285) and Receivables within one year (-€20,671)
- Receivables within one year +€20,671
up €20,671 (+35.8%), from €57,813 to €78,484
of which Trade receivables: +€27,060
- Tangible fixed assets -€11,821
down €11,821 (-37.8%), from €31,280 to €19,460
of which Furniture and vehicles: -€9,797
- Intangible fixed assets -€4,000
down €4,000 (-14.6%), from €27,332 to €23,332
- Stocks and contracts +€3,555
up €3,555 (+197%), from €1,801 to €5,356
- Profit (loss) carried forward +€27,705
up €27,705 (+49.0%), from €56,564 to €84,269
- Trade debts -€23,285
down €23,285 (-50.6%), from €45,977 to €22,693
- Debts after one year -€17,530
down €17,530 (-74.3%), from €23,608 to €6,078
- Other debts -€11,224
down €11,224 (-32.5%), from €34,528 to €23,304
- Gross operating margin -€46,354
down €46,354 (-37.1%), from €124,938 to €78,584
- Staff costs -€39,404
down €39,404 (-54.6%), from €72,123 to €32,719
- Financial charges -€1,469
down €1,469 (-60.8%), from €2,415 to €946
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 | €194,814 | €170,547 | -€24,267 | -12.5% |
| Fixed assets | 21/28 | €61,765 | €45,944 | -€15,821 | -25.6% |
| Intangible fixed assets | 21 | €27,332 | €23,332 | -€4,000 | -14.6% |
| Tangible fixed assets | 22/27 | €31,280 | €19,460 | -€11,821 | -37.8% |
| Plant, machinery and equipment | 23 | €3,281 | €1,918 | -€1,363 | -41.5% |
| Furniture and vehicles | 24 | €25,417 | €15,621 | -€9,797 | -38.5% |
| Other tangible fixed assets | 26 | €2,582 | €1,920 | -€662 | -25.6% |
| Financial fixed assets | 28 | €3,153 | €3,153 | = | 0.0% |
| Current assets | 29/58 | €133,049 | €124,603 | -€8,446 | -6.3% |
| Stocks and contracts in progress | 3 | €1,801 | €5,356 | +€3,555 | +197% |
| Stocks | 30/36 | €1,801 | €5,356 | +€3,555 | +197% |
| Amounts receivable within one year | 40/41 | €57,813 | €78,484 | +€20,671 | +35.8% |
| Trade receivables | 40 | €32,548 | €59,608 | +€27,060 | +83.1% |
| Other amounts receivable | 41 | €25,265 | €18,876 | -€6,390 | -25.3% |
| Cash at bank and in hand | 54/58 | €73,221 | €40,624 | -€32,598 | -44.5% |
| Deferred charges and accrued income | 490/1 | €214 | €140 | -€74 | -34.6% |
| Total equity and liabilities | 10/49 | €194,814 | €170,547 | -€24,267 | -12.5% |
| Equity | 10/15 | €66,564 | €94,269 | +€27,705 | +41.6% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €56,564 | €84,269 | +€27,705 | +49.0% |
| Amounts payable | 17/49 | €128,250 | €76,278 | -€51,972 | -40.5% |
| Amounts payable after more than one year | 17 | €23,608 | €6,078 | -€17,530 | -74.3% |
| Financial debts | 170/4 | €23,608 | €6,078 | -€17,530 | -74.3% |
| Amounts payable within one year | 42/48 | €104,642 | €70,200 | -€34,442 | -32.9% |
| Current portion of amounts payable after more than one year | 42 | €17,840 | €17,530 | -€310 | -1.7% |
| Trade debts | 44 | €45,977 | €22,693 | -€23,285 | -50.6% |
| Suppliers | 440/4 | €45,977 | €22,693 | -€23,285 | -50.6% |
| Taxes, remuneration and social security | 45 | €6,297 | €6,673 | +€377 | +6.0% |
| Taxes | 450/3 | - | €5,000 | +€5,000 | |
| Remuneration and social security | 454/9 | €6,297 | €1,673 | -€4,624 | -73.4% |
| Other amounts payable | 47/48 | €34,528 | €23,304 | -€11,224 | -32.5% |
| Remuneration, social security and pensions | 62 | €72,123 | €32,719 | -€39,404 | -54.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,050 | €15,821 | +€771 | +5.1% |
| Other operating charges | 640/8 | €608 | €920 | +€312 | +51.3% |
| Non-recurring operating charges | 66A | €135 | €474 | +€338 | +250% |
| Gross operating margin | 9900 | €124,938 | €78,584 | -€46,354 | -37.1% |
| Operating profit (loss) | 9901 | €37,022 | €28,651 | -€8,371 | -22.6% |
| Financial income | 75/76B | €445 | €0 | -€445 | -99.9% |
| Recurring financial income | 75 | €445 | €0 | -€445 | -99.9% |
| Financial charges | 65/66B | €2,415 | €946 | -€1,469 | -60.8% |
| Recurring financial charges | 65 | €2,415 | €946 | -€1,469 | -60.8% |
| Profit (loss) for the period before taxes | 9903 | €35,052 | €27,705 | -€7,347 | -21.0% |
| Income taxes | 67/77 | -€240 | - | +€240 | |
| Profit (loss) for the period | 9904 | €35,292 | €27,705 | -€7,588 | -21.5% |
| Profit (loss) for the period to be appropriated | 9905 | €35,292 | €27,705 | -€7,588 | -21.5% |
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 13 October 2026 via checked.be.