ELCA ELECTRICITEITSWERKEN: 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.
ELCA ELECTRICITEITSWERKEN
Largest movements
- Tangible fixed assets +€18,015
up €18,015 (+34.2%), from €52,635 to €70,650
of which Furniture and vehicles: +€19,304
- Cash -€1,074
down €1,074 (-8.2%), from €13,057 to €11,983
mainly Investment in fixed assets (net) (-€24,081) and Receivables within one year (-€490)
- Profit (loss) carried forward +€9,556
up €9,556 (+16.2%), from -€59,045 to -€49,490
- Other debts +€7,505
up €7,505 (+6.8%), from €110,772 to €118,277
- Depreciation +€4,778
up €4,778 (+371%), from €1,288 to €6,066
- Gross operating margin -€4,376
down €4,376 (-18.4%), from €23,785 to €19,409
- Write-downs -€2,000
down €2,000 (-100%), from €2,000 to €0
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €74,918 | €91,999 | +€17,081 | +22.8% |
| Fixed assets | 21/28 | €52,635 | €70,650 | +€18,015 | +34.2% |
| Tangible fixed assets | 22/27 | €52,635 | €70,650 | +€18,015 | +34.2% |
| Land and buildings | 22 | €52,635 | €51,345 | -€1,289 | -2.4% |
| Furniture and vehicles | 24 | - | €19,304 | +€19,304 | |
| Current assets | 29/58 | €22,283 | €21,349 | -€934 | -4.2% |
| Stocks and contracts in progress | 3 | €5,821 | €5,821 | = | 0.0% |
| Stocks | 30/36 | €5,821 | €5,821 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €244 | €734 | +€490 | +200% |
| Trade receivables | 40 | €239 | €734 | +€495 | +207% |
| Other amounts receivable | 41 | €5 | €0 | -€5 | -100% |
| Cash at bank and in hand | 54/58 | €13,057 | €11,983 | -€1,074 | -8.2% |
| Deferred charges and accrued income | 490/1 | €3,161 | €2,811 | -€350 | -11.1% |
| Total equity and liabilities | 10/49 | €74,918 | €91,999 | +€17,081 | +22.8% |
| Equity | 10/15 | -€38,594 | -€29,038 | +€9,556 | +24.8% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€59,045 | -€49,490 | +€9,556 | +16.2% |
| Amounts payable | 17/49 | €113,512 | €121,037 | +€7,525 | +6.6% |
| Amounts payable after more than one year | 17 | €250 | €250 | = | 0.0% |
| Other amounts payable | 178/9 | €250 | €250 | = | 0.0% |
| Amounts payable within one year | 42/48 | €113,170 | €120,676 | +€7,506 | +6.6% |
| Trade debts | 44 | €1,564 | €1,576 | +€12 | +0.8% |
| Suppliers | 440/4 | €1,564 | €1,576 | +€12 | +0.8% |
| Taxes, remuneration and social security | 45 | €834 | €823 | -€11 | -1.3% |
| Taxes | 450/3 | €834 | €823 | -€11 | -1.3% |
| Other amounts payable | 47/48 | €110,772 | €118,277 | +€7,505 | +6.8% |
| Accrued charges and deferred income | 492/3 | €92 | €111 | +€19 | +20.7% |
| Non-recurring operating income | 76A | - | €1,736 | +€1,736 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,288 | €6,066 | +€4,778 | +371% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €2,000 | €0 | -€2,000 | -100% |
| Other operating charges | 640/8 | €3,477 | €3,593 | +€116 | +3.3% |
| Gross operating margin | 9900 | €23,785 | €19,409 | -€4,376 | -18.4% |
| Operating profit (loss) | 9901 | €17,020 | €9,750 | -€7,270 | -42.7% |
| Financial income | 75/76B | €17 | €32 | +€15 | +84.6% |
| Recurring financial income | 75 | €17 | €32 | +€15 | +84.6% |
| Financial charges | 65/66B | €175 | €227 | +€52 | +29.8% |
| Recurring financial charges | 65 | €175 | €227 | +€52 | +29.8% |
| Profit (loss) for the period before taxes | 9903 | €16,863 | €9,556 | -€7,307 | -43.3% |
| Profit (loss) for the period | 9904 | €16,863 | €9,556 | -€7,307 | -43.3% |
| Profit (loss) for the period to be appropriated | 9905 | €16,863 | €9,556 | -€7,307 | -43.3% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.