ELEC SOLUTION: 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 SOLUTION
Largest movements
- Receivables within one year +€47,324
up €47,324 (+101.6%), from €46,590 to €93,914
of which Other amounts receivable: +€52,990
- Cash +€1,223
up €1,223 (+95.4%), from €1,282 to €2,505
mainly Net result for the year (+€32,541) and Tax, wage and social debts (+€13,656)
- Profit (loss) carried forward +€32,541
up €32,541 (+88.4%), from €36,807 to €69,347
- Tax, wage and social debts +€13,656
up €13,656 (+178.9%), from €7,632 to €21,288
of which Taxes: +€13,703
- Other debts +€2,718
new in 2024: €2,718
- Turnover +€102,320
up €102,320 (+198.7%), from €51,489 to €153,809
- Purchases and services +€65,982
up €65,982 (+247.3%), from €26,682 to €92,664
- Gross operating margin +€36,338
up €36,338 (+146.5%), from €24,807 to €61,144
- Write-downs +€21,373
new in 2024: €21,373
- Taxes +€4,137
up €4,137 (+61.4%), from €6,733 to €10,870
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 | €49,371 | €97,526 | +€48,155 | +97.5% |
| Fixed assets | 21/28 | €1,500 | €1,107 | -€393 | -26.2% |
| Tangible fixed assets | 22/27 | €1,500 | €1,107 | -€393 | -26.2% |
| Furniture and vehicles | 24 | €1,500 | €1,107 | -€393 | -26.2% |
| Current assets | 29/58 | €47,872 | €96,419 | +€48,547 | +101.4% |
| Amounts receivable within one year | 40/41 | €46,590 | €93,914 | +€47,324 | +101.6% |
| Trade receivables | 40 | €8,350 | €2,684 | -€5,666 | -67.9% |
| Other amounts receivable | 41 | €38,240 | €91,230 | +€52,990 | +138.6% |
| Cash at bank and in hand | 54/58 | €1,282 | €2,505 | +€1,223 | +95.4% |
| Total equity and liabilities | 10/49 | €49,371 | €97,526 | +€48,155 | +97.5% |
| Equity | 10/15 | €39,807 | €72,347 | +€32,541 | +81.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €36,807 | €69,347 | +€32,541 | +88.4% |
| Amounts payable | 17/49 | €9,565 | €25,179 | +€15,614 | +163.2% |
| Amounts payable within one year | 42/48 | €8,338 | €24,202 | +€15,864 | +190.3% |
| Trade debts | 44 | €706 | €197 | -€510 | -72.1% |
| Suppliers | 440/4 | €706 | €197 | -€510 | -72.1% |
| Taxes, remuneration and social security | 45 | €7,632 | €21,288 | +€13,656 | +178.9% |
| Taxes | 450/3 | €7,584 | €21,288 | +€13,703 | +180.7% |
| Remuneration and social security | 454/9 | €47 | - | -€47 | |
| Other amounts payable | 47/48 | - | €2,718 | +€2,718 | |
| Accrued charges and deferred income | 492/3 | €1,227 | €977 | -€250 | -20.4% |
| Turnover | 70 | €51,489 | €153,809 | +€102,320 | +198.7% |
| Goods, raw materials, services and sundry goods | 60/61 | €26,682 | €92,664 | +€65,982 | +247.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €390 | €393 | +€3 | +0.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €21,373 | +€21,373 | |
| Other operating charges | 640/8 | €738 | €387 | -€350 | -47.5% |
| Gross operating margin | 9900 | €24,807 | €61,144 | +€36,338 | +146.5% |
| Operating profit (loss) | 9901 | €23,679 | €38,992 | +€15,312 | +64.7% |
| Financial income | 75/76B | €1,640 | €4,472 | +€2,832 | +172.7% |
| Recurring financial income | 75 | €1,640 | €4,472 | +€2,832 | +172.7% |
| Financial charges | 65/66B | €89 | €53 | -€36 | -40.4% |
| Recurring financial charges | 65 | €89 | €53 | -€36 | -40.4% |
| Profit (loss) for the period before taxes | 9903 | €25,231 | €43,411 | +€18,180 | +72.1% |
| Income taxes | 67/77 | €6,733 | €10,870 | +€4,137 | +61.4% |
| Profit (loss) for the period | 9904 | €18,497 | €32,541 | +€14,043 | +75.9% |
| Profit (loss) for the period to be appropriated | 9905 | €18,497 | €32,541 | +€14,043 | +75.9% |
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 28 September 2026 via checked.be.