ELEC-ECO: 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-ECO
Largest movements
- Tangible fixed assets -€9,878
down €9,878 (-4.9%), from €203,240 to €193,361
of which Land and buildings: -€8,868
- Cash +€6,531
up €6,531 (+324,922%), from €2 to €6,533
mainly Depreciation (+€12,843) and Net result for the year (+€6,548)
- Short-term financial debts -€7,714
no longer reported in 2025 (was €7,714)
- Profit (loss) carried forward +€7,060
up €7,060 (+13.3%), from €53,095 to €60,156
- Trade debts +€4,415
up €4,415 (+101%), from €4,387 to €8,802
- Other debts -€3,346
down €3,346 (-5.9%), from €56,685 to €53,339
- Reserves -€2,178
down €2,178 (-4.6%), from €47,274 to €45,096
of which Tax-exempt reserves: -€2,178
- Write-downs -€9,888
new in 2025: -€9,888
- Gross operating margin -€7,546
down €7,546 (-29.8%), from €25,352 to €17,806
- Depreciation +€1,648
up €1,648 (+14.7%), from €11,194 to €12,843
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.
Derived cash bridge
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 | €209,766 | €206,682 | -€3,084 | -1.5% |
| Fixed assets | 21/28 | €203,490 | €193,611 | -€9,878 | -4.9% |
| Tangible fixed assets | 22/27 | €203,240 | €193,361 | -€9,878 | -4.9% |
| Land and buildings | 22 | €175,669 | €166,801 | -€8,868 | -5.0% |
| Plant, machinery and equipment | 23 | €26,077 | €25,169 | -€908 | -3.5% |
| Furniture and vehicles | 24 | €1,493 | €1,391 | -€102 | -6.9% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €6,276 | €13,071 | +€6,795 | +108% |
| Amounts receivable within one year | 40/41 | €5,248 | €4,472 | -€776 | -14.8% |
| Trade receivables | 40 | €3,940 | €3,923 | -€17 | -0.4% |
| Other amounts receivable | 41 | €1,308 | €549 | -€759 | -58.0% |
| Cash at bank and in hand | 54/58 | €2 | €6,533 | +€6,531 | +324,922% |
| Deferred charges and accrued income | 490/1 | €1,026 | €2,065 | +€1,040 | +101% |
| Total equity and liabilities | 10/49 | €209,766 | €206,682 | -€3,084 | -1.5% |
| Equity | 10/15 | €112,764 | €117,646 | +€4,882 | +4.3% |
| Contributions | 10/11 | €12,395 | €12,395 | = | 0.0% |
| Reserves | 13 | €47,274 | €45,096 | -€2,178 | -4.6% |
| Tax-exempt reserves | 132 | €26,865 | €24,686 | -€2,178 | -8.1% |
| Distributable reserves | 133 | €20,409 | €20,409 | = | 0.0% |
| Profit (loss) carried forward | 14 | €53,095 | €60,156 | +€7,060 | +13.3% |
| Provisions and deferred taxes | 16 | €17,910 | €16,458 | -€1,452 | -8.1% |
| Deferred taxes | 168 | €17,910 | €16,458 | -€1,452 | -8.1% |
| Amounts payable | 17/49 | €79,092 | €72,579 | -€6,514 | -8.2% |
| Amounts payable within one year | 42/48 | €78,959 | €72,505 | -€6,455 | -8.2% |
| Financial debts | 43 | €7,714 | - | -€7,714 | |
| Credit institutions | 430/8 | €7,714 | - | -€7,714 | |
| Trade debts | 44 | €4,387 | €8,802 | +€4,415 | +101% |
| Suppliers | 440/4 | €4,387 | €8,802 | +€4,415 | +101% |
| Taxes, remuneration and social security | 45 | €10,174 | €10,364 | +€191 | +1.9% |
| Taxes | 450/3 | €9,858 | €10,364 | +€506 | +5.1% |
| Remuneration and social security | 454/9 | €315 | - | -€315 | |
| Other amounts payable | 47/48 | €56,685 | €53,339 | -€3,346 | -5.9% |
| Accrued charges and deferred income | 492/3 | €133 | €74 | -€59 | -44.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,194 | €12,843 | +€1,648 | +14.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€9,888 | -€9,888 | |
| Other operating charges | 640/8 | €3,019 | €3,130 | +€111 | +3.7% |
| Gross operating margin | 9900 | €25,352 | €17,806 | -€7,546 | -29.8% |
| Operating profit (loss) | 9901 | €11,138 | €11,722 | +€584 | +5.2% |
| Financial income | 75/76B | €37 | €12 | -€24 | -66.3% |
| Recurring financial income | 75 | €37 | €12 | -€24 | -66.3% |
| Financial charges | 65/66B | €1,576 | €1,543 | -€33 | -2.1% |
| Recurring financial charges | 65 | €1,576 | €1,543 | -€33 | -2.1% |
| Profit (loss) for the period before taxes | 9903 | €9,599 | €10,191 | +€592 | +6.2% |
| Transfer from deferred taxes | 780 | €1,452 | €1,452 | = | 0.0% |
| Income taxes | 67/77 | €5,269 | €5,095 | -€174 | -3.3% |
| Profit (loss) for the period | 9904 | €5,783 | €6,548 | +€766 | +13.2% |
| Transfer from tax-exempt reserves | 789 | €2,178 | €2,178 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €7,961 | €8,726 | +€766 | +9.6% |
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 16 October 2026 via checked.be.