Elecgator: 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.
Elecgator
Largest movements
- Cash +€150,663
up €150,663 (+141%), from €107,179 to €257,842
mainly Net result for the year (+€203,554) and Tax, wage and social debts (+€25,201)
- Tangible fixed assets -€12,884
down €12,884 (-21.8%), from €59,122 to €46,238
of which Leasing and similar rights: -€11,925
- Stocks and contracts +€12,186
up €12,186 (+14.4%), from €84,781 to €96,967
- Receivables within one year -€8,880
down €8,880 (-16.5%), from €53,780 to €44,900
of which Trade receivables: -€4,700
- Deferred charges and accrued income +€7,820
up €7,820 (+54.5%), from €14,337 to €22,157
- Reserves +€168,260
up €168,260 (+104%), from €161,595 to €329,856
of which Distributable reserves: +€168,260
- Other debts -€31,075
down €31,075 (-92.3%), from €33,660 to €2,585
- Tax, wage and social debts +€25,201
up €25,201 (+138%), from €18,255 to €43,456
of which Taxes: +€20,223
- Debts after one year -€14,221
down €14,221 (-62.8%), from €22,632 to €8,411
- Gross operating margin +€124,295
up €124,295 (+55.8%), from €222,781 to €347,076
- Taxes +€38,819
up €38,819 (+151%), from €25,645 to €64,464
- Provisions -€25,107
no longer reported in 2025 (was €25,107)
- Staff costs +€7,934
up €7,934 (+17.4%), from €45,703 to €53,637
- Depreciation -€5,384
down €5,384 (-18.1%), from €29,663 to €24,280
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.
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 | €319,199 | €468,105 | +€148,906 | +46.6% |
| Fixed assets | 21/28 | €59,122 | €46,238 | -€12,884 | -21.8% |
| Tangible fixed assets | 22/27 | €59,122 | €46,238 | -€12,884 | -21.8% |
| Plant, machinery and equipment | 23 | €23,213 | €24,955 | +€1,743 | +7.5% |
| Furniture and vehicles | 24 | €3,941 | €3,374 | -€567 | -14.4% |
| Leasing and similar rights | 25 | €24,995 | €13,070 | -€11,925 | -47.7% |
| Other tangible fixed assets | 26 | €6,974 | €4,838 | -€2,135 | -30.6% |
| Current assets | 29/58 | €260,077 | €421,867 | +€161,790 | +62.2% |
| Stocks and contracts in progress | 3 | €84,781 | €96,967 | +€12,186 | +14.4% |
| Stocks | 30/36 | €84,781 | €96,967 | +€12,186 | +14.4% |
| Amounts receivable within one year | 40/41 | €53,780 | €44,900 | -€8,880 | -16.5% |
| Trade receivables | 40 | €49,408 | €44,708 | -€4,700 | -9.5% |
| Other amounts receivable | 41 | €4,371 | €192 | -€4,180 | -95.6% |
| Cash at bank and in hand | 54/58 | €107,179 | €257,842 | +€150,663 | +141% |
| Deferred charges and accrued income | 490/1 | €14,337 | €22,157 | +€7,820 | +54.5% |
| Total equity and liabilities | 10/49 | €319,199 | €468,105 | +€148,906 | +46.6% |
| Equity | 10/15 | €180,195 | €348,456 | +€168,260 | +93.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €161,595 | €329,856 | +€168,260 | +104% |
| 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 | €159,735 | €327,996 | +€168,260 | +105% |
| Provisions and deferred taxes | 16 | €44,407 | €44,407 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €44,407 | €44,407 | = | 0.0% |
| Other liabilities and charges | 164/5 | €44,407 | €44,407 | = | 0.0% |
| Amounts payable | 17/49 | €94,597 | €75,242 | -€19,355 | -20.5% |
| Amounts payable after more than one year | 17 | €22,632 | €8,411 | -€14,221 | -62.8% |
| Financial debts | 170/4 | €22,632 | €8,411 | -€14,221 | -62.8% |
| Amounts payable within one year | 42/48 | €71,965 | €66,831 | -€5,134 | -7.1% |
| Current portion of amounts payable after more than one year | 42 | €14,225 | €14,221 | -€5 | 0.0% |
| Trade debts | 44 | €5,824 | €6,569 | +€745 | +12.8% |
| Suppliers | 440/4 | €5,824 | €6,569 | +€745 | +12.8% |
| Taxes, remuneration and social security | 45 | €18,255 | €43,456 | +€25,201 | +138% |
| Taxes | 450/3 | €12,054 | €32,276 | +€20,223 | +168% |
| Remuneration and social security | 454/9 | €6,201 | €11,180 | +€4,978 | +80.3% |
| Other amounts payable | 47/48 | €33,660 | €2,585 | -€31,075 | -92.3% |
| Remuneration, social security and pensions | 62 | €45,703 | €53,637 | +€7,934 | +17.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,663 | €24,280 | -€5,384 | -18.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,858 | - | -€1,858 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €25,107 | - | -€25,107 | |
| Other operating charges | 640/8 | €749 | €547 | -€202 | -27.0% |
| Non-recurring operating charges | 66A | €164 | - | -€164 | |
| Gross operating margin | 9900 | €222,781 | €347,076 | +€124,295 | +55.8% |
| Operating profit (loss) | 9901 | €119,537 | €268,613 | +€149,076 | +125% |
| Financial income | 75/76B | €5 | €9 | +€4 | +76.6% |
| Recurring financial income | 75 | €5 | €9 | +€4 | +76.6% |
| Financial charges | 65/66B | €997 | €603 | -€394 | -39.5% |
| Recurring financial charges | 65 | €997 | €603 | -€394 | -39.5% |
| Profit (loss) for the period before taxes | 9903 | €118,545 | €268,019 | +€149,474 | +126% |
| Income taxes | 67/77 | €25,645 | €64,464 | +€38,819 | +151% |
| Profit (loss) for the period | 9904 | €92,900 | €203,554 | +€110,654 | +119% |
| Profit (loss) for the period to be appropriated | 9905 | €92,900 | €203,554 | +€110,654 | +119% |
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 21 October 2026 via checked.be.