ELECON: 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.
ELECON
Largest movements
- Receivables within one year +€16,514
up €16,514 (+76.7%), from €21,540 to €38,053
of which Trade receivables: +€14,170
- Cash -€11,306
down €11,306 (-13.3%), from €85,017 to €73,711
mainly Investment in fixed assets (net) (-€24,576) and Receivables within one year (-€16,514)
- Deferred charges and accrued income -€2,483
down €2,483 (-25.5%), from €9,740 to €7,256
- Debts after one year -€15,032
down €15,032 (-23.4%), from €64,242 to €49,210
- Trade debts +€9,536
up €9,536 (+76.4%), from €12,474 to €22,009
- Other debts +€5,214
up €5,214 (+9.8%), from €53,386 to €58,600
- Gross operating margin -€23,316
down €23,316 (-40.3%), from €57,801 to €34,485
- Depreciation +€10,914
up €10,914 (+70.4%), from €15,510 to €26,425
- Taxes -€7,270
down €7,270 (-93.4%), from €7,784 to €513
- Financial charges +€1,347
up €1,347 (+48.5%), from €2,778 to €4,124
- Other operating charges -€638
down €638 (-26.1%), from €2,450 to €1,812
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 | €221,079 | €221,954 | +€876 | +0.4% |
| Fixed assets | 21/28 | €104,783 | €102,934 | -€1,848 | -1.8% |
| Intangible fixed assets | 21 | €6,192 | €4,626 | -€1,566 | -25.3% |
| Tangible fixed assets | 22/27 | €98,590 | €98,308 | -€282 | -0.3% |
| Plant, machinery and equipment | 23 | €32,053 | €49,103 | +€17,050 | +53.2% |
| Furniture and vehicles | 24 | €9,906 | €4,238 | -€5,669 | -57.2% |
| Leasing and similar rights | 25 | €56,631 | €44,967 | -€11,664 | -20.6% |
| Current assets | 29/58 | €116,296 | €119,020 | +€2,724 | +2.3% |
| Amounts receivable within one year | 40/41 | €21,540 | €38,053 | +€16,514 | +76.7% |
| Trade receivables | 40 | €19,333 | €33,503 | +€14,170 | +73.3% |
| Other amounts receivable | 41 | €2,207 | €4,550 | +€2,343 | +106% |
| Cash at bank and in hand | 54/58 | €85,017 | €73,711 | -€11,306 | -13.3% |
| Deferred charges and accrued income | 490/1 | €9,740 | €7,256 | -€2,483 | -25.5% |
| Total equity and liabilities | 10/49 | €221,079 | €221,954 | +€876 | +0.4% |
| Equity | 10/15 | €67,542 | €69,153 | +€1,611 | +2.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €61,342 | €62,953 | +€1,611 | +2.6% |
| Distributable reserves | 133 | €61,342 | €62,953 | +€1,611 | +2.6% |
| Amounts payable | 17/49 | €153,537 | €152,802 | -€735 | -0.5% |
| Amounts payable after more than one year | 17 | €64,242 | €49,210 | -€15,032 | -23.4% |
| Financial debts | 170/4 | €64,242 | €49,210 | -€15,032 | -23.4% |
| Amounts payable within one year | 42/48 | €88,965 | €103,591 | +€14,627 | +16.4% |
| Current portion of amounts payable after more than one year | 42 | €14,448 | €15,032 | +€584 | +4.0% |
| Trade debts | 44 | €12,474 | €22,009 | +€9,536 | +76.4% |
| Suppliers | 440/4 | €12,474 | €22,009 | +€9,536 | +76.4% |
| Advances received on contracts in progress | 46 | €1,098 | €0 | -€1,098 | -100% |
| Taxes, remuneration and social security | 45 | €7,559 | €7,950 | +€391 | +5.2% |
| Taxes | 450/3 | €7,559 | €7,950 | +€391 | +5.2% |
| Other amounts payable | 47/48 | €53,386 | €58,600 | +€5,214 | +9.8% |
| Accrued charges and deferred income | 492/3 | €330 | €0 | -€330 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,510 | €26,425 | +€10,914 | +70.4% |
| Other operating charges | 640/8 | €2,450 | €1,812 | -€638 | -26.1% |
| Gross operating margin | 9900 | €57,801 | €34,485 | -€23,316 | -40.3% |
| Operating profit (loss) | 9901 | €39,840 | €6,249 | -€33,591 | -84.3% |
| Financial income | 75/76B | €0 | €0 | +€0 | +33.3% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +33.3% |
| Financial charges | 65/66B | €2,778 | €4,124 | +€1,347 | +48.5% |
| Recurring financial charges | 65 | €2,778 | €4,124 | +€1,347 | +48.5% |
| Profit (loss) for the period before taxes | 9903 | €37,062 | €2,124 | -€34,938 | -94.3% |
| Income taxes | 67/77 | €7,784 | €513 | -€7,270 | -93.4% |
| Profit (loss) for the period | 9904 | €29,279 | €1,611 | -€27,668 | -94.5% |
| Profit (loss) for the period to be appropriated | 9905 | €29,279 | €1,611 | -€27,668 | -94.5% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.