ELECOSY: 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.
ELECOSY
Largest movements
- Stocks and contracts -€9,035
down €9,035 (-19.2%), from €47,056 to €38,021
- Cash -€1,239
down €1,239 (-29.0%), from €4,268 to €3,029
mainly Other debts (-€15,787) and Deferred charges and accrued income (-€287)
- Intangible fixed assets -€914
down €914 (-42.2%), from €2,165 to €1,251
- Other debts -€15,787
down €15,787 (-11.6%), from €136,134 to €120,347
- Profit (loss) carried forward +€3,184
up €3,184 (+5.2%), from -€61,768 to -€58,584
- Tax, wage and social debts +€1,381
up €1,381 (+77.5%), from €1,781 to €3,162
- Gross operating margin -€2,589
down €2,589 (-33.3%), from €7,766 to €5,178
- Other operating charges +€133
up €133 (+20.4%), from €652 to €785
- Financial charges -€121
down €121 (-27.0%), from €449 to €328
- Financial income -€119
down €119 (-78.2%), from €152 to €33
- Depreciation -€90
down €90 (-9.0%), from €1,004 to €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.
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 | €83,576 | €72,826 | -€10,750 | -12.9% |
| Fixed assets | 21/28 | €2,165 | €1,251 | -€914 | -42.2% |
| Intangible fixed assets | 21 | €2,165 | €1,251 | -€914 | -42.2% |
| Tangible fixed assets | 22/27 | €0 | €0 | = | |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Current assets | 29/58 | €81,411 | €71,575 | -€9,836 | -12.1% |
| Stocks and contracts in progress | 3 | €47,056 | €38,021 | -€9,035 | -19.2% |
| Stocks | 30/36 | €47,056 | €38,021 | -€9,035 | -19.2% |
| Amounts receivable within one year | 40/41 | €29,883 | €30,034 | +€151 | +0.5% |
| Trade receivables | 40 | €27,362 | €27,013 | -€349 | -1.3% |
| Other amounts receivable | 41 | €2,521 | €3,021 | +€500 | +19.8% |
| Cash at bank and in hand | 54/58 | €4,268 | €3,029 | -€1,239 | -29.0% |
| Deferred charges and accrued income | 490/1 | €204 | €492 | +€287 | +140% |
| Total equity and liabilities | 10/49 | €83,576 | €72,826 | -€10,750 | -12.9% |
| Equity | 10/15 | -€55,568 | -€52,384 | +€3,184 | +5.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€61,768 | -€58,584 | +€3,184 | +5.2% |
| Amounts payable | 17/49 | €139,144 | €125,211 | -€13,934 | -10.0% |
| Amounts payable within one year | 42/48 | €139,144 | €125,211 | -€13,934 | -10.0% |
| Trade debts | 44 | €1,229 | €1,701 | +€472 | +38.4% |
| Suppliers | 440/4 | €1,229 | €1,701 | +€472 | +38.4% |
| Taxes, remuneration and social security | 45 | €1,781 | €3,162 | +€1,381 | +77.5% |
| Taxes | 450/3 | €1,781 | €3,162 | +€1,381 | +77.5% |
| Other amounts payable | 47/48 | €136,134 | €120,347 | -€15,787 | -11.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,004 | €914 | -€90 | -9.0% |
| Other operating charges | 640/8 | €652 | €785 | +€133 | +20.4% |
| Gross operating margin | 9900 | €7,766 | €5,178 | -€2,589 | -33.3% |
| Operating profit (loss) | 9901 | €6,110 | €3,479 | -€2,631 | -43.1% |
| Financial income | 75/76B | €152 | €33 | -€119 | -78.2% |
| Recurring financial income | 75 | €152 | €33 | -€119 | -78.2% |
| Financial charges | 65/66B | €449 | €328 | -€121 | -27.0% |
| Recurring financial charges | 65 | €449 | €328 | -€121 | -27.0% |
| Profit (loss) for the period before taxes | 9903 | €5,813 | €3,184 | -€2,629 | -45.2% |
| Profit (loss) for the period | 9904 | €5,813 | €3,184 | -€2,629 | -45.2% |
| Profit (loss) for the period to be appropriated | 9905 | €5,813 | €3,184 | -€2,629 | -45.2% |
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 28 October 2026 via checked.be.