ELECONA MANAGEMENT: 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.
ELECONA MANAGEMENT
Largest movements
- Financial fixed assets +€397,418
up €397,418 (+1324726.7%), from €30 to €397,448
- Receivables within one year +€138,059
up €138,059 (+715.3%), from €19,300 to €157,359
of which Other amounts receivable: +€137,865
- Cash -€90,047
down €90,047 (-89.3%), from €100,793 to €10,746
mainly Investment in fixed assets (net) (-€400,644) and Receivables within one year (-€138,059)
- Tangible fixed assets -€27,459
down €27,459 (-5.2%), from €531,925 to €504,466
of which Other tangible fixed assets: -€16,563
- Debts after one year +€297,741
up €297,741 (+71.9%), from €414,286 to €712,027
of which Financial debts: +€298,073
- Profit (loss) carried forward +€68,182
up €68,182 (+98.0%), from €69,549 to €137,731
- Current portion of long-term debt +€42,774
up €42,774 (+155.6%), from €27,490 to €70,264
- Other debts +€17,096
up €17,096 (+14.1%), from €121,631 to €138,727
- Gross operating margin +€15,141
up €15,141 (+10.4%), from €146,052 to €161,193
- Staff costs +€9,153
up €9,153 (+55.8%), from €16,413 to €25,566
- Financial charges +€6,594
up €6,594 (+93.0%), from €7,088 to €13,682
- Financial income +€2,728
up €2,728 (+1466.7%), from €186 to €2,914
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 | €654,498 | €1,074,402 | +€419,904 | +64.2% |
| Fixed assets | 21/28 | €531,955 | €901,914 | +€369,959 | +69.5% |
| Tangible fixed assets | 22/27 | €531,925 | €504,466 | -€27,459 | -5.2% |
| Land and buildings | 22 | €233,090 | €226,708 | -€6,382 | -2.7% |
| Furniture and vehicles | 24 | €6,639 | €2,125 | -€4,514 | -68.0% |
| Other tangible fixed assets | 26 | €292,196 | €275,633 | -€16,563 | -5.7% |
| Financial fixed assets | 28 | €30 | €397,448 | +€397,418 | +1324726.7% |
| Current assets | 29/58 | €122,543 | €172,488 | +€49,945 | +40.8% |
| Amounts receivable within one year | 40/41 | €19,300 | €157,359 | +€138,059 | +715.3% |
| Trade receivables | 40 | €10,830 | €11,024 | +€194 | +1.8% |
| Other amounts receivable | 41 | €8,470 | €146,335 | +€137,865 | +1627.7% |
| Cash at bank and in hand | 54/58 | €100,793 | €10,746 | -€90,047 | -89.3% |
| Deferred charges and accrued income | 490/1 | €2,450 | €4,383 | +€1,933 | +78.9% |
| Total equity and liabilities | 10/49 | €654,498 | €1,074,402 | +€419,904 | +64.2% |
| Equity | 10/15 | €75,749 | €143,931 | +€68,182 | +90.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €69,549 | €137,731 | +€68,182 | +98.0% |
| Amounts payable | 17/49 | €578,749 | €930,471 | +€351,722 | +60.8% |
| Amounts payable after more than one year | 17 | €414,286 | €712,027 | +€297,741 | +71.9% |
| Financial debts | 170/4 | €408,720 | €706,793 | +€298,073 | +72.9% |
| Other amounts payable | 178/9 | €5,566 | €5,234 | -€332 | -6.0% |
| Amounts payable within one year | 42/48 | €159,453 | €218,282 | +€58,829 | +36.9% |
| Current portion of amounts payable after more than one year | 42 | €27,490 | €70,264 | +€42,774 | +155.6% |
| Trade debts | 44 | €731 | €3,116 | +€2,385 | +326.3% |
| Suppliers | 440/4 | €731 | €3,116 | +€2,385 | +326.3% |
| Taxes, remuneration and social security | 45 | €9,601 | €6,175 | -€3,426 | -35.7% |
| Taxes | 450/3 | €6,207 | €2,455 | -€3,752 | -60.4% |
| Remuneration and social security | 454/9 | €3,394 | €3,720 | +€326 | +9.6% |
| Other amounts payable | 47/48 | €121,631 | €138,727 | +€17,096 | +14.1% |
| Accrued charges and deferred income | 492/3 | €5,010 | €162 | -€4,848 | -96.8% |
| Remuneration, social security and pensions | 62 | €16,413 | €25,566 | +€9,153 | +55.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,290 | €30,685 | -€1,605 | -5.0% |
| Other operating charges | 640/8 | €4,410 | €5,815 | +€1,405 | +31.9% |
| Non-recurring operating charges | 66A | - | €3,554 | +€3,554 | |
| Gross operating margin | 9900 | €146,052 | €161,193 | +€15,141 | +10.4% |
| Operating profit (loss) | 9901 | €92,939 | €95,573 | +€2,634 | +2.8% |
| Financial income | 75/76B | €186 | €2,914 | +€2,728 | +1466.7% |
| Recurring financial income | 75 | €186 | €2,914 | +€2,728 | +1466.7% |
| Financial charges | 65/66B | €7,088 | €13,682 | +€6,594 | +93.0% |
| Recurring financial charges | 65 | €7,088 | €13,682 | +€6,594 | +93.0% |
| Profit (loss) for the period before taxes | 9903 | €86,037 | €84,805 | -€1,232 | -1.4% |
| Income taxes | 67/77 | €17,530 | €16,622 | -€908 | -5.2% |
| Profit (loss) for the period | 9904 | €68,507 | €68,183 | -€324 | -0.5% |
| Profit (loss) for the period to be appropriated | 9905 | €68,507 | €68,183 | -€324 | -0.5% |
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 3 October 2026 via checked.be.