ELECMATIC: 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.
ELECMATIC
Largest movements
- Receivables within one year +€126,334
up €126,334 (+129.4%), from €97,644 to €223,978
of which Trade receivables: +€135,408
- Cash -€34,394
down €34,394 (-51.7%), from €66,484 to €32,091
mainly Receivables within one year (-€126,334) and Debts after one year (-€13,791)
- Intangible fixed assets -€11,850
no longer reported in 2025 (was €11,850)
- Stocks and contracts -€4,600
no longer reported in 2025 (was €4,600)
- Short-term financial debts +€55,000
new in 2025: €55,000
- Profit (loss) carried forward +€21,785
up €21,785 (+46.2%), from €47,125 to €68,910
- Tax, wage and social debts +€15,048
up €15,048 (+25.8%), from €58,367 to €73,415
of which Remuneration and social security: +€11,546
- Debts after one year -€13,791
down €13,791 (-35.2%), from €39,140 to €25,349
of which Other amounts payable: -€9,847
- Gross operating margin +€88,089
up €88,089 (+39.7%), from €221,615 to €309,704
- Staff costs +€76,878
up €76,878 (+49.0%), from €156,933 to €233,811
- Write-downs +€11,755
new in 2025: €11,755
- Depreciation -€5,028
down €5,028 (-68.9%), from €7,296 to €2,268
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 | €239,010 | €317,713 | +€78,703 | +32.9% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €66,663 | €56,965 | -€9,698 | -14.5% |
| Intangible fixed assets | 21 | €11,850 | - | -€11,850 | |
| Tangible fixed assets | 22/27 | €54,733 | €56,885 | +€2,152 | +3.9% |
| Land and buildings | 22 | €50,700 | €50,700 | = | 0.0% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €4,033 | €6,185 | +€2,152 | +53.3% |
| Financial fixed assets | 28 | €80 | €80 | = | 0.0% |
| Current assets | 29/58 | €172,347 | €260,748 | +€88,402 | +51.3% |
| Stocks and contracts in progress | 3 | €4,600 | - | -€4,600 | |
| Stocks | 30/36 | €4,600 | - | -€4,600 | |
| Amounts receivable within one year | 40/41 | €97,644 | €223,978 | +€126,334 | +129.4% |
| Trade receivables | 40 | €73,523 | €208,931 | +€135,408 | +184.2% |
| Other amounts receivable | 41 | €24,121 | €15,047 | -€9,074 | -37.6% |
| Cash at bank and in hand | 54/58 | €66,484 | €32,091 | -€34,394 | -51.7% |
| Deferred charges and accrued income | 490/1 | €3,618 | €4,680 | +€1,062 | +29.3% |
| Total equity and liabilities | 10/49 | €239,010 | €317,713 | +€78,703 | +32.9% |
| Equity | 10/15 | €67,585 | €89,370 | +€21,785 | +32.2% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Profit (loss) carried forward | 14 | €47,125 | €68,910 | +€21,785 | +46.2% |
| Amounts payable | 17/49 | €171,425 | €228,343 | +€56,919 | +33.2% |
| Amounts payable after more than one year | 17 | €39,140 | €25,349 | -€13,791 | -35.2% |
| Financial debts | 170/4 | €28,992 | €25,048 | -€3,944 | -13.6% |
| Other amounts payable | 178/9 | €10,148 | €301 | -€9,847 | -97.0% |
| Amounts payable within one year | 42/48 | €131,985 | €202,995 | +€71,010 | +53.8% |
| Current portion of amounts payable after more than one year | 42 | €4,511 | €3,944 | -€567 | -12.6% |
| Financial debts | 43 | - | €55,000 | +€55,000 | |
| Credit institutions | 430/8 | - | €55,000 | +€55,000 | |
| Trade debts | 44 | €68,106 | €69,636 | +€1,530 | +2.2% |
| Suppliers | 440/4 | €68,106 | €69,636 | +€1,530 | +2.2% |
| Taxes, remuneration and social security | 45 | €58,367 | €73,415 | +€15,048 | +25.8% |
| Taxes | 450/3 | €39,527 | €43,029 | +€3,502 | +8.9% |
| Remuneration and social security | 454/9 | €18,840 | €30,386 | +€11,546 | +61.3% |
| Other amounts payable | 47/48 | €1,000 | €1,000 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €300 | - | -€300 | |
| Non-recurring operating income | 76A | €8,438 | - | -€8,438 | |
| Remuneration, social security and pensions | 62 | €156,933 | €233,811 | +€76,878 | +49.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,296 | €2,268 | -€5,028 | -68.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €11,755 | +€11,755 | |
| Other operating charges | 640/8 | €3,536 | €5,428 | +€1,892 | +53.5% |
| Non-recurring operating charges | 66A | - | €11,850 | +€11,850 | |
| Gross operating margin | 9900 | €221,615 | €309,704 | +€88,089 | +39.7% |
| Operating profit (loss) | 9901 | €53,850 | €44,592 | -€9,258 | -17.2% |
| Financial income | 75/76B | €49 | €59 | +€11 | +21.6% |
| Recurring financial income | 75 | €49 | €59 | +€11 | +21.6% |
| Financial charges | 65/66B | €12,727 | €10,405 | -€2,322 | -18.2% |
| Recurring financial charges | 65 | €12,727 | €10,405 | -€2,322 | -18.2% |
| Profit (loss) for the period before taxes | 9903 | €41,171 | €34,247 | -€6,925 | -16.8% |
| Income taxes | 67/77 | €10,559 | €12,462 | +€1,903 | +18.0% |
| Profit (loss) for the period | 9904 | €30,613 | €21,785 | -€8,828 | -28.8% |
| Profit (loss) for the period to be appropriated | 9905 | €30,613 | €21,785 | -€8,828 | -28.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.