ELEC-YE: what changed
ELEC-YE
Largest movements
- Receivables within one year -€98,088
down €98,088 (-46.1%), from €212,599 to €114,512
of which Trade receivables: -€105,612
- Cash +€88,299
up €88,299 (+279%), from €31,659 to €119,958
mainly Receivables within one year (+€98,088) and Debts after one year (+€19,243)
- Tangible fixed assets +€23,040
up €23,040 (+339%), from €6,799 to €29,839
of which Furniture and vehicles: +€23,426
- Accrued charges and deferred income -€35,000
no longer reported in 2025 (was €35,000)
- Debts after one year +€19,243
new in 2025: €19,243
- Reserves +€17,787
up €17,787 (+21.4%), from €83,227 to €101,015
of which Distributable reserves: +€17,787
- Current portion of long-term debt +€7,029
up €7,029 (+141%), from €5,000 to €12,029
- Gross operating margin -€23,460
down €23,460 (-35.7%), from €65,736 to €42,277
- Taxes -€9,571
down €9,571 (-60.1%), from €15,931 to €6,360
- Depreciation +€2,307
up €2,307 (+45.8%), from €5,038 to €7,345
- Financial charges +€1,812
up €1,812 (+40.1%), from €4,515 to €6,327
- Staff costs -€1,585
down €1,585 (-30.8%), from €5,152 to €3,567
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €261,853 | €272,768 | +€10,915 | +4.2% |
| Fixed assets | 21/28 | €7,487 | €29,839 | +€22,353 | +299% |
| Tangible fixed assets | 22/27 | €6,799 | €29,839 | +€23,040 | +339% |
| Plant, machinery and equipment | 23 | €1,057 | €671 | -€386 | -36.5% |
| Furniture and vehicles | 24 | €5,742 | €29,169 | +€23,426 | +408% |
| Financial fixed assets | 28 | €687 | - | -€687 | |
| Current assets | 29/58 | €254,366 | €242,929 | -€11,437 | -4.5% |
| Stocks and contracts in progress | 3 | €7,086 | €6,643 | -€443 | -6.3% |
| Stocks | 30/36 | €7,086 | €6,643 | -€443 | -6.3% |
| Amounts receivable within one year | 40/41 | €212,599 | €114,512 | -€98,088 | -46.1% |
| Trade receivables | 40 | €207,448 | €101,836 | -€105,612 | -50.9% |
| Other amounts receivable | 41 | €5,152 | €12,675 | +€7,524 | +146% |
| Cash at bank and in hand | 54/58 | €31,659 | €119,958 | +€88,299 | +279% |
| Deferred charges and accrued income | 490/1 | €3,022 | €1,816 | -€1,206 | -39.9% |
| Total equity and liabilities | 10/49 | €261,853 | €272,768 | +€10,915 | +4.2% |
| Equity | 10/15 | €101,827 | €119,615 | +€17,787 | +17.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €83,227 | €101,015 | +€17,787 | +21.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €81,367 | €99,155 | +€17,787 | +21.9% |
| Amounts payable | 17/49 | €160,026 | €153,154 | -€6,872 | -4.3% |
| Amounts payable after more than one year | 17 | - | €19,243 | +€19,243 | |
| Other amounts payable | 178/9 | - | €19,243 | +€19,243 | |
| Amounts payable within one year | 42/48 | €125,026 | €133,911 | +€8,885 | +7.1% |
| Current portion of amounts payable after more than one year | 42 | €5,000 | €12,029 | +€7,029 | +141% |
| Trade debts | 44 | €53,454 | €54,911 | +€1,457 | +2.7% |
| Suppliers | 440/4 | €53,454 | €54,911 | +€1,457 | +2.7% |
| Taxes, remuneration and social security | 45 | €3,275 | €2,827 | -€448 | -13.7% |
| Taxes | 450/3 | €3,275 | - | -€3,275 | |
| Remuneration and social security | 454/9 | - | €2,827 | +€2,827 | |
| Other amounts payable | 47/48 | €63,297 | €64,144 | +€847 | +1.3% |
| Accrued charges and deferred income | 492/3 | €35,000 | - | -€35,000 | |
| Remuneration, social security and pensions | 62 | €5,152 | €3,567 | -€1,585 | -30.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,038 | €7,345 | +€2,307 | +45.8% |
| Other operating charges | 640/8 | €1,104 | €58 | -€1,046 | -94.7% |
| Gross operating margin | 9900 | €65,736 | €42,277 | -€23,460 | -35.7% |
| Operating profit (loss) | 9901 | €54,442 | €31,307 | -€23,134 | -42.5% |
| Financial charges | 65/66B | €4,515 | €6,327 | +€1,812 | +40.1% |
| Recurring financial charges | 65 | €4,515 | €6,327 | +€1,812 | +40.1% |
| Profit (loss) for the period before taxes | 9903 | €49,926 | €24,980 | -€24,946 | -50.0% |
| Income taxes | 67/77 | €15,931 | €6,360 | -€9,571 | -60.1% |
| Profit (loss) for the period | 9904 | €33,996 | €18,620 | -€15,375 | -45.2% |
| Profit (loss) for the period to be appropriated | 9905 | €33,996 | €18,620 | -€15,375 | -45.2% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.