Elecom: 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.
What changed
Elecom
NACE 46.643, Wholesale of electrical equipment, including installation materials
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€168,555
2024 · €479,135-€310,579
Equity
€1.7m
2024 · €1.5m+€168,555
Cash
€131,175
2024 · €61,955+€69,219
Balance sheet total
€8.4m
2024 · €6.4m+€2.0m
Largest movements
Assets
- Stocks and contracts +€1.6m
up €1.6m (+31.3%), from €5.1m to €6.7m
of which Stocks: +€1.3m
- Tangible fixed assets +€164,449
up €164,449 (+68.9%), from €238,522 to €402,971
of which Assets under construction and advance payments: +€105,315
- Receivables within one year +€105,753
up €105,753 (+11.3%), from €934,928 to €1.0m
of which Trade receivables: +€78,201
Equity and liabilities
- Trade debts +€1.3m
up €1.3m (+34.9%), from €3.6m to €4.9m
- Short-term financial debts +€514,436
up €514,436 (+190.8%), from €269,599 to €784,035
- Tax, wage and social debts -€214,474
down €214,474 (-48.1%), from €446,124 to €231,650
of which Taxes: -€241,291
- Debts after one year +€175,092
up €175,092 (+96.9%), from €180,650 to €355,742
- Reserves +€168,555
up €168,555 (+11.5%), from €1.5m to €1.6m
of which Distributable reserves: +€168,555
Income statement
- Turnover +€5.0m
up €5.0m (+26.1%), from €19.3m to €24.3m
- Goods and materials +€4.8m
up €4.8m (+33.8%), from €14.1m to €18.9m
of which Purchases: +€4.8m
- Services and other goods +€854,595
up €854,595 (+26.7%), from €3.2m to €4.1m
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.
Result 2024
€479,135
Turnover
+€5.0m
Other operating income
-€49,169
Goods and materials
-€4.8m
Services and other goods
-€854,595
Staff costs
-€61,879
Depreciation
-€16,730
Write-downs
-€2,584
Other operating charges
-€6,815
Other operating items
+€305,287
Financial income
-€145
Financial charges
-€7,404
Taxes
+€118,792
Result 2025
€168,555
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.
From operations
-€435,302
Investment
-€219,478
Financing
+€723,999
Cash 2024
€61,955
From operations (derived)
-€435,302
Net result for the year
+€168,555
Depreciation
+€47,319
Stocks and contracts
-€1.6m
Receivables within one year
-€105,753
Deferred charges and accrued income
-€3,097
Trade debts
+€1.3m
Tax, wage and social debts
-€214,474
Other debts
+€57,690
Accrued charges and deferred income
-€35,607
Investment (derived)
-€219,478
Investment in fixed assets (net)
-€219,478
Financing
+€723,999
Debts after one year
+€175,092
Current portion of long-term debt
+€34,471
Short-term financial debts
+€514,436
Cash 2025
€131,175
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,407,798 | €8,361,475 | +€2.0m | +30.5% |
| Fixed assets | 21/28 | €270,018 | €442,177 | +€172,159 | +63.8% |
| Tangible fixed assets | 22/27 | €238,522 | €402,971 | +€164,449 | +68.9% |
| Plant, machinery and equipment | 23 | €162,019 | €220,150 | +€58,131 | +35.9% |
| Furniture and vehicles | 24 | €31,457 | €32,573 | +€1,116 | +3.5% |
| Other tangible fixed assets | 26 | €524 | €410 | -€113 | -21.7% |
| Assets under construction and advance payments | 27 | €44,523 | €149,838 | +€105,315 | +236.5% |
| Financial fixed assets | 28 | €31,496 | €39,206 | +€7,710 | +24.5% |
| Other financial fixed assets | 284/8 | €31,496 | €39,206 | +€7,710 | +24.5% |
| Amounts receivable and cash guarantees | 285/8 | €31,496 | €39,206 | +€7,710 | +24.5% |
| Current assets | 29/58 | €6,137,780 | €7,919,299 | +€1.8m | +29.0% |
| Stocks and contracts in progress | 3 | €5,122,723 | €6,726,173 | +€1.6m | +31.3% |
| Stocks | 30/36 | €5,099,487 | €6,374,414 | +€1.3m | +25.0% |
| Raw materials and consumables | 30/31 | €2,331,708 | €2,385,557 | +€53,850 | +2.3% |
| Goods purchased for resale | 34 | €2,510,782 | €3,863,428 | +€1.4m | +53.9% |
| Advance payments | 36 | €256,997 | €125,428 | -€131,569 | -51.2% |
| Contracts in progress | 37 | €23,236 | €351,759 | +€328,523 | +1413.9% |
| Amounts receivable within one year | 40/41 | €934,928 | €1,040,681 | +€105,753 | +11.3% |
| Trade receivables | 40 | €720,969 | €799,170 | +€78,201 | +10.8% |
| Other amounts receivable | 41 | €213,959 | €241,511 | +€27,551 | +12.9% |
| Cash at bank and in hand | 54/58 | €61,955 | €131,175 | +€69,219 | +111.7% |
| Deferred charges and accrued income | 490/1 | €18,173 | €21,271 | +€3,097 | +17.0% |
| Total equity and liabilities | 10/49 | €6,407,798 | €8,361,475 | +€2.0m | +30.5% |
| Equity | 10/15 | €1,526,127 | €1,694,682 | +€168,555 | +11.0% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €1,464,127 | €1,632,682 | +€168,555 | +11.5% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €1,457,927 | €1,626,482 | +€168,555 | +11.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €4,881,671 | €6,666,793 | +€1.8m | +36.6% |
| Amounts payable after more than one year | 17 | €180,650 | €355,742 | +€175,092 | +96.9% |
| Financial debts | 170/4 | €180,650 | €355,742 | +€175,092 | +96.9% |
| Credit institutions | 173 | €180,650 | €355,742 | +€175,092 | +96.9% |
| Amounts payable within one year | 42/48 | €4,665,414 | €6,311,051 | +€1.6m | +35.3% |
| Current portion of amounts payable after more than one year | 42 | €46,737 | €81,208 | +€34,471 | +73.8% |
| Financial debts | 43 | €269,599 | €784,035 | +€514,436 | +190.8% |
| Credit institutions | 430/8 | €269,599 | €784,035 | +€514,436 | +190.8% |
| Trade debts | 44 | €3,596,855 | €4,850,369 | +€1.3m | +34.9% |
| Suppliers | 440/4 | €3,596,855 | €4,850,369 | +€1.3m | +34.9% |
| Taxes, remuneration and social security | 45 | €446,124 | €231,650 | -€214,474 | -48.1% |
| Taxes | 450/3 | €264,574 | €23,283 | -€241,291 | -91.2% |
| Remuneration and social security | 454/9 | €181,550 | €208,368 | +€26,818 | +14.8% |
| Other amounts payable | 47/48 | €306,099 | €363,788 | +€57,690 | +18.8% |
| Accrued charges and deferred income | 492/3 | €35,607 | - | -€35,607 | |
| Operating income | 70/76A | €19,510,789 | €24,795,329 | +€5.3m | +27.1% |
| Turnover | 70 | €19,263,687 | €24,292,109 | +€5.0m | +26.1% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | €23,236 | €328,523 | +€305,287 | +1313.9% |
| Other operating income | 74 | €223,866 | €174,697 | -€49,169 | -22.0% |
| Operating charges | 60/66A | €18,697,297 | €24,403,659 | +€5.7m | +30.5% |
| Goods for resale, raw materials and consumables | 60 | €14,111,042 | €18,874,800 | +€4.8m | +33.8% |
| Purchases | 600/8 | €15,536,556 | €20,293,783 | +€4.8m | +30.6% |
| Change in stocks: decrease (increase) | 609 | -€1,425,514 | -€1,418,983 | +€6,531 | +0.5% |
| Services and other goods | 61 | €3,205,847 | €4,060,443 | +€854,595 | +26.7% |
| Remuneration, social security and pensions | 62 | €1,314,034 | €1,375,913 | +€61,879 | +4.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,589 | €47,319 | +€16,730 | +54.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €9,904 | €12,488 | +€2,584 | +26.1% |
| Other operating charges | 640/8 | €25,880 | €32,696 | +€6,815 | +26.3% |
| Operating profit (loss) | 9901 | €813,492 | €391,670 | -€421,822 | -51.9% |
| Financial income | 75/76B | €156 | €11 | -€145 | -92.8% |
| Recurring financial income | 75 | €156 | €11 | -€145 | -92.8% |
| Other financial income | 752/9 | €156 | €11 | -€145 | -92.8% |
| Financial charges | 65/66B | €149,844 | €157,248 | +€7,404 | +4.9% |
| Recurring financial charges | 65 | €149,844 | €157,248 | +€7,404 | +4.9% |
| Debt charges | 650 | €113,499 | €153,112 | +€39,613 | +34.9% |
| Other financial charges | 652/9 | €36,344 | €4,136 | -€32,208 | -88.6% |
| Profit (loss) for the period before taxes | 9903 | €663,804 | €234,434 | -€429,371 | -64.7% |
| Income taxes | 67/77 | €184,670 | €65,878 | -€118,792 | -64.3% |
| Taxes | 670/3 | €184,670 | €70,000 | -€114,670 | -62.1% |
| Tax adjustments and reversals of tax provisions | 77 | - | €4,122 | +€4,122 | |
| Profit (loss) for the period | 9904 | €479,135 | €168,555 | -€310,579 | -64.8% |
| Profit (loss) for the period to be appropriated | 9905 | €479,135 | €168,555 | -€310,579 | -64.8% |
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 12 October 2026 via checked.be.