ELECT DECLOUX: 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.
ELECT DECLOUX
Largest movements
- Receivables within one year +€17,436
up €17,436 (+134.0%), from €13,015 to €30,451
of which Trade receivables: +€18,322
- Cash +€8,523
up €8,523 (+25.6%), from €33,272 to €41,795
mainly Net result for the year (+€14,963) and Trade debts (+€11,338)
- Tangible fixed assets -€2,640
down €2,640 (-22.9%), from €11,527 to €8,887
- Profit (loss) carried forward +€14,962
up €14,962 (+33.8%), from €44,274 to €59,236
- Trade debts +€11,338
new in 2025: €11,338
- Tax, wage and social debts -€2,980
down €2,980 (-22.0%), from €13,540 to €10,560
- Gross operating margin +€20,764
up €20,764 (+198.4%), from €10,465 to €31,229
- Write-downs -€6,823
no longer reported in 2025 (was €6,823)
- Taxes +€3,740
up €3,740 (+238.2%), from €1,570 to €5,310
- Other operating charges -€2,181
down €2,181 (-40.2%), from €5,426 to €3,245
- Staff costs +€1,989
up €1,989 (+375.3%), from €530 to €2,519
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 | €57,814 | €81,134 | +€23,320 | +40.3% |
| Fixed assets | 21/28 | €11,527 | €8,887 | -€2,640 | -22.9% |
| Tangible fixed assets | 22/27 | €11,527 | €8,887 | -€2,640 | -22.9% |
| Furniture and vehicles | 24 | €11,527 | €8,887 | -€2,640 | -22.9% |
| Current assets | 29/58 | €46,287 | €72,246 | +€25,959 | +56.1% |
| Amounts receivable within one year | 40/41 | €13,015 | €30,451 | +€17,436 | +134.0% |
| Trade receivables | 40 | - | €18,322 | +€18,322 | |
| Other amounts receivable | 41 | €13,015 | €12,130 | -€885 | -6.8% |
| Cash at bank and in hand | 54/58 | €33,272 | €41,795 | +€8,523 | +25.6% |
| Total equity and liabilities | 10/49 | €57,814 | €81,134 | +€23,320 | +40.3% |
| Equity | 10/15 | €44,274 | €59,236 | +€14,962 | +33.8% |
| Profit (loss) carried forward | 14 | €44,274 | €59,236 | +€14,962 | +33.8% |
| Amounts payable | 17/49 | €13,540 | €21,898 | +€8,358 | +61.7% |
| Amounts payable within one year | 42/48 | €13,540 | €21,898 | +€8,358 | +61.7% |
| Trade debts | 44 | - | €11,338 | +€11,338 | |
| Suppliers | 440/4 | - | €11,338 | +€11,338 | |
| Taxes, remuneration and social security | 45 | €13,540 | €10,560 | -€2,980 | -22.0% |
| Taxes | 450/3 | €13,540 | €10,560 | -€2,980 | -22.0% |
| Remuneration, social security and pensions | 62 | €530 | €2,519 | +€1,989 | +375.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,775 | €5,186 | +€411 | +8.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €6,823 | - | -€6,823 | |
| Other operating charges | 640/8 | €5,426 | €3,245 | -€2,181 | -40.2% |
| Gross operating margin | 9900 | €10,465 | €31,229 | +€20,764 | +198.4% |
| Operating profit (loss) | 9901 | -€7,089 | €20,278 | +€27,367 | |
| Financial income | 75/76B | €1 | €56 | +€55 | +5458.0% |
| Recurring financial income | 75 | €1 | €56 | +€55 | +5458.0% |
| Financial charges | 65/66B | €399 | €61 | -€338 | -84.6% |
| Recurring financial charges | 65 | €399 | €61 | -€338 | -84.6% |
| Profit (loss) for the period before taxes | 9903 | -€7,487 | €20,272 | +€27,759 | |
| Income taxes | 67/77 | €1,570 | €5,310 | +€3,740 | +238.2% |
| Profit (loss) for the period | 9904 | -€9,057 | €14,963 | +€24,020 | |
| Profit (loss) for the period to be appropriated | 9905 | -€9,057 | €14,963 | +€24,020 |
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 10 October 2026 via checked.be.