ELEC-DV: 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.
ELEC-DV
Largest movements
- Stocks and contracts -€16,512
no longer reported in 2025 (was €16,512)
- Receivables within one year +€14,967
up €14,967 (+104.0%), from €14,385 to €29,352
of which Other amounts receivable: +€11,471
- Deferred charges and accrued income -€2,638
down €2,638 (-76.4%), from €3,451 to €813
- Cash +€1,512
up €1,512 (+3.5%), from €43,114 to €44,627
mainly Stocks and contracts (+€16,512) and Deferred charges and accrued income (+€2,638)
- Advances received -€3,533
no longer reported in 2025 (was €3,533)
- Trade debts -€958
down €958 (-23.8%), from €4,028 to €3,070
- Profit (loss) carried forward +€902
up €902 (+9.6%), from -€9,430 to -€8,527
- Gross operating margin -€12,724
down €12,724 (-62.2%), from €20,446 to €7,722
- Depreciation -€5,581
down €5,581 (-77.3%), from €7,219 to €1,638
- Other operating charges +€1,498
up €1,498 (+42.4%), from €3,537 to €5,035
- Financial income +€842
up €842 (+103.6%), from €813 to €1,655
- Taxes +€503
up €503 (+64.7%), from €777 to €1,280
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 | €79,650 | €77,219 | -€2,431 | -3.1% |
| Fixed assets | 21/28 | €2,188 | €2,427 | +€239 | +10.9% |
| Tangible fixed assets | 22/27 | €2,188 | €2,427 | +€239 | +10.9% |
| Plant, machinery and equipment | 23 | €230 | €38 | -€192 | -83.5% |
| Furniture and vehicles | 24 | €1,958 | €2,389 | +€431 | +22.0% |
| Current assets | 29/58 | €77,462 | €74,792 | -€2,670 | -3.4% |
| Stocks and contracts in progress | 3 | €16,512 | - | -€16,512 | |
| Stocks | 30/36 | €16,512 | - | -€16,512 | |
| Amounts receivable within one year | 40/41 | €14,385 | €29,352 | +€14,967 | +104.0% |
| Trade receivables | 40 | €2,716 | €6,211 | +€3,496 | +128.7% |
| Other amounts receivable | 41 | €11,670 | €23,141 | +€11,471 | +98.3% |
| Cash at bank and in hand | 54/58 | €43,114 | €44,627 | +€1,512 | +3.5% |
| Deferred charges and accrued income | 490/1 | €3,451 | €813 | -€2,638 | -76.4% |
| Total equity and liabilities | 10/49 | €79,650 | €77,219 | -€2,431 | -3.1% |
| Equity | 10/15 | €71,030 | €71,933 | +€902 | +1.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €61,860 | €61,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Other | 1319 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €60,000 | €60,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€9,430 | -€8,527 | +€902 | +9.6% |
| Amounts payable | 17/49 | €8,620 | €5,286 | -€3,334 | -38.7% |
| Amounts payable within one year | 42/48 | €8,524 | €4,597 | -€3,926 | -46.1% |
| Trade debts | 44 | €4,028 | €3,070 | -€958 | -23.8% |
| Suppliers | 440/4 | €4,028 | €3,070 | -€958 | -23.8% |
| Advances received on contracts in progress | 46 | €3,533 | - | -€3,533 | |
| Taxes, remuneration and social security | 45 | €963 | €1,528 | +€565 | +58.6% |
| Taxes | 450/3 | €963 | €1,528 | +€565 | +58.6% |
| Accrued charges and deferred income | 492/3 | €96 | €688 | +€593 | +619.2% |
| Remuneration, social security and pensions | 62 | €87 | - | -€87 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,219 | €1,638 | -€5,581 | -77.3% |
| Other operating charges | 640/8 | €3,537 | €5,035 | +€1,498 | +42.4% |
| Gross operating margin | 9900 | €20,446 | €7,722 | -€12,724 | -62.2% |
| Operating profit (loss) | 9901 | €9,603 | €1,049 | -€8,554 | -89.1% |
| Financial income | 75/76B | €813 | €1,655 | +€842 | +103.6% |
| Recurring financial income | 75 | €813 | €1,655 | +€842 | +103.6% |
| Financial charges | 65/66B | €522 | €521 | -€0 | -0.1% |
| Recurring financial charges | 65 | €522 | €521 | -€0 | -0.1% |
| Profit (loss) for the period before taxes | 9903 | €9,894 | €2,183 | -€7,711 | -77.9% |
| Income taxes | 67/77 | €777 | €1,280 | +€503 | +64.7% |
| Profit (loss) for the period | 9904 | €9,117 | €902 | -€8,215 | -90.1% |
| Profit (loss) for the period to be appropriated | 9905 | €9,117 | €902 | -€8,215 | -90.1% |
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 12 October 2026 via checked.be.