ELEC 3: 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.
ELEC 3
Largest movements
- Tangible fixed assets +€67,703
up €67,703 (+190.3%), from €35,577 to €103,281
- Receivables within one year +€20,343
up €20,343 (+23.1%), from €88,182 to €108,525
of which Trade receivables: +€27,757
- Cash -€17,634
down €17,634 (-50.3%), from €35,071 to €17,437
mainly Investment in fixed assets (net) (-€88,400) and Other debts (-€51,594)
- Deferred charges and accrued income +€15,560
new in 2024: €15,560
- Debts after one year +€68,233
new in 2024: €68,233
- Profit (loss) carried forward +€55,671
up €55,671 (+6943.0%), from €802 to €56,473
- Other debts -€51,594
down €51,594 (-85.9%), from €60,084 to €8,490
- Trade debts -€14,552
down €14,552 (-31.9%), from €45,563 to €31,011
- Current portion of long-term debt +€12,406
new in 2024: €12,406
- Gross operating margin +€130,037
up €130,037 (+182.7%), from €71,181 to €201,218
- Staff costs +€32,115
up €32,115 (+58.2%), from €55,191 to €87,306
- Taxes +€17,137
new in 2024: €17,137
- Depreciation +€8,937
up €8,937 (+64.4%), from €13,871 to €22,808
- Other operating charges +€8,175
up €8,175 (+2137.1%), from €383 to €8,558
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.
Cash bridge derived
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 | €162,861 | €246,723 | +€83,861 | +51.5% |
| Fixed assets | 21/28 | €39,608 | €105,200 | +€65,592 | +165.6% |
| Intangible fixed assets | 21 | €3,534 | €1,423 | -€2,111 | -59.7% |
| Tangible fixed assets | 22/27 | €35,577 | €103,281 | +€67,703 | +190.3% |
| Furniture and vehicles | 24 | €35,577 | €103,281 | +€67,703 | +190.3% |
| Financial fixed assets | 28 | €497 | €497 | = | 0.0% |
| Current assets | 29/58 | €123,253 | €141,522 | +€18,269 | +14.8% |
| Amounts receivable within one year | 40/41 | €88,182 | €108,525 | +€20,343 | +23.1% |
| Trade receivables | 40 | €78,134 | €105,891 | +€27,757 | +35.5% |
| Other amounts receivable | 41 | €10,048 | €2,634 | -€7,414 | -73.8% |
| Cash at bank and in hand | 54/58 | €35,071 | €17,437 | -€17,634 | -50.3% |
| Deferred charges and accrued income | 490/1 | - | €15,560 | +€15,560 | |
| Total equity and liabilities | 10/49 | €162,861 | €246,723 | +€83,861 | +51.5% |
| Equity | 10/15 | €36,802 | €94,973 | +€58,171 | +158.1% |
| Contributions | 10/11 | €35,000 | €35,000 | = | 0.0% |
| Capital | 10 | €35,000 | €35,000 | = | 0.0% |
| Issued capital | 100 | €35,000 | €35,000 | = | 0.0% |
| Reserves | 13 | €1,000 | €3,500 | +€2,500 | +250.0% |
| Non-distributable reserves | 130/1 | €1,000 | €3,500 | +€2,500 | +250.0% |
| Legal reserve | 130 | €1,000 | €3,500 | +€2,500 | +250.0% |
| Profit (loss) carried forward | 14 | €802 | €56,473 | +€55,671 | +6943.0% |
| Amounts payable | 17/49 | €126,059 | €151,749 | +€25,690 | +20.4% |
| Amounts payable after more than one year | 17 | - | €68,233 | +€68,233 | |
| Financial debts | 170/4 | - | €68,233 | +€68,233 | |
| Amounts payable within one year | 42/48 | €126,059 | €83,516 | -€42,543 | -33.7% |
| Current portion of amounts payable after more than one year | 42 | - | €12,406 | +€12,406 | |
| Trade debts | 44 | €45,563 | €31,011 | -€14,552 | -31.9% |
| Suppliers | 440/4 | €45,563 | €31,011 | -€14,552 | -31.9% |
| Taxes, remuneration and social security | 45 | €20,413 | €31,609 | +€11,197 | +54.9% |
| Taxes | 450/3 | €6,495 | €18,491 | +€11,996 | +184.7% |
| Remuneration and social security | 454/9 | €13,917 | €13,118 | -€799 | -5.7% |
| Other amounts payable | 47/48 | €60,084 | €8,490 | -€51,594 | -85.9% |
| Remuneration, social security and pensions | 62 | €55,191 | €87,306 | +€32,115 | +58.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,871 | €22,808 | +€8,937 | +64.4% |
| Other operating charges | 640/8 | €383 | €8,558 | +€8,175 | +2137.1% |
| Gross operating margin | 9900 | €71,181 | €201,218 | +€130,037 | +182.7% |
| Operating profit (loss) | 9901 | €1,737 | €82,546 | +€80,810 | +4652.8% |
| Financial charges | 65/66B | €153 | €8,293 | +€8,140 | +5310.3% |
| Recurring financial charges | 65 | €153 | €8,293 | +€8,140 | +5310.3% |
| Profit (loss) for the period before taxes | 9903 | €1,584 | €74,254 | +€72,670 | +4589.2% |
| Income taxes | 67/77 | - | €17,137 | +€17,137 | |
| Profit (loss) for the period | 9904 | €1,584 | €57,116 | +€55,533 | +3506.9% |
| Profit (loss) for the period to be appropriated | 9905 | €1,584 | €57,116 | +€55,533 | +3506.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.