ELEC 4 U: 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 4 U
Largest movements
- Receivables within one year -€81,320
down €81,320 (-56.1%), from €144,995 to €63,675
of which Other amounts receivable: -€103,397
- Cash +€56,536
up €56,536 (+218.8%), from €25,834 to €82,370
mainly Other debts (+€241,929) and Receivables within one year (+€81,320)
- Debts after one year -€251,773
down €251,773 (-40.7%), from €618,063 to €366,290
- Other debts +€241,929
up €241,929 (+81.3%), from €297,486 to €539,415
- Financial income -€239,922
down €239,922 (-99.9%), from €240,189 to €267
- Financial charges +€7,475
up €7,475 (+44.5%), from €16,808 to €24,283
- Gross operating margin +€3,531
up €3,531 (+12.0%), from €29,479 to €33,009
- Taxes -€977
down €977 (-32.5%), from €3,006 to €2,029
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.
Cash bridge derived
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 | €2,953,131 | €2,925,508 | -€27,623 | -0.9% |
| Fixed assets | 21/28 | €2,777,690 | €2,774,970 | -€2,720 | -0.1% |
| Tangible fixed assets | 22/27 | €5,813 | €3,093 | -€2,720 | -46.8% |
| Plant, machinery and equipment | 23 | €3,167 | €2,647 | -€520 | -16.4% |
| Furniture and vehicles | 24 | €2,646 | €446 | -€2,200 | -83.1% |
| Financial fixed assets | 28 | €2,771,877 | €2,771,877 | = | 0.0% |
| Current assets | 29/58 | €175,442 | €150,538 | -€24,903 | -14.2% |
| Amounts receivable within one year | 40/41 | €144,995 | €63,675 | -€81,320 | -56.1% |
| Trade receivables | 40 | €41,598 | €63,675 | +€22,077 | +53.1% |
| Other amounts receivable | 41 | €103,397 | €0 | -€103,397 | -100.0% |
| Cash at bank and in hand | 54/58 | €25,834 | €82,370 | +€56,536 | +218.8% |
| Deferred charges and accrued income | 490/1 | €4,612 | €4,493 | -€119 | -2.6% |
| Total equity and liabilities | 10/49 | €2,953,131 | €2,925,508 | -€27,623 | -0.9% |
| Equity | 10/15 | €1,735,037 | €1,737,689 | +€2,652 | +0.2% |
| Reserves | 13 | €133,824 | €133,824 | = | 0.0% |
| Distributable reserves | 133 | €133,824 | €133,824 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,601,213 | €1,603,865 | +€2,652 | +0.2% |
| Amounts payable | 17/49 | €1,218,095 | €1,187,819 | -€30,276 | -2.5% |
| Amounts payable after more than one year | 17 | €618,063 | €366,290 | -€251,773 | -40.7% |
| Financial debts | 170/4 | €618,063 | €366,290 | -€251,773 | -40.7% |
| Amounts payable within one year | 42/48 | €600,032 | €821,529 | +€221,498 | +36.9% |
| Current portion of amounts payable after more than one year | 42 | €247,941 | €251,773 | +€3,832 | +1.5% |
| Trade debts | 44 | €4,332 | €0 | -€4,332 | -100.0% |
| Suppliers | 440/4 | €4,332 | €0 | -€4,332 | -100.0% |
| Taxes, remuneration and social security | 45 | €50,273 | €30,341 | -€19,932 | -39.6% |
| Taxes | 450/3 | €41,451 | €21,634 | -€19,817 | -47.8% |
| Remuneration and social security | 454/9 | €8,822 | €8,707 | -€115 | -1.3% |
| Other amounts payable | 47/48 | €297,486 | €539,415 | +€241,929 | +81.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,825 | €2,720 | -€105 | -3.7% |
| Other operating charges | 640/8 | €1,345 | €1,592 | +€247 | +18.4% |
| Gross operating margin | 9900 | €29,479 | €33,009 | +€3,531 | +12.0% |
| Operating profit (loss) | 9901 | €25,308 | €28,697 | +€3,389 | +13.4% |
| Financial income | 75/76B | €240,189 | €267 | -€239,922 | -99.9% |
| Recurring financial income | 75 | €240,189 | €267 | -€239,922 | -99.9% |
| Financial charges | 65/66B | €16,808 | €24,283 | +€7,475 | +44.5% |
| Recurring financial charges | 65 | €16,808 | €24,283 | +€7,475 | +44.5% |
| Profit (loss) for the period before taxes | 9903 | €248,689 | €4,681 | -€244,008 | -98.1% |
| Income taxes | 67/77 | €3,006 | €2,029 | -€977 | -32.5% |
| Profit (loss) for the period | 9904 | €245,684 | €2,652 | -€243,032 | -98.9% |
| Profit (loss) for the period to be appropriated | 9905 | €245,684 | €2,652 | -€243,032 | -98.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.