ElecTeamWoods: 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.
ElecTeamWoods
Largest movements
- Receivables within one year -€125,731
down €125,731 (-68.1%), from €184,550 to €58,819
of which Trade receivables: -€120,474
- Deferred charges and accrued income -€7,255
down €7,255 (-91.2%), from €7,952 to €697
- Tangible fixed assets +€3,697
up €3,697 (+5.5%), from €67,656 to €71,352
of which Other tangible fixed assets: +€16,186
- Stocks and contracts +€2,973
up €2,973 (+17.3%), from €17,201 to €20,174
- Profit (loss) carried forward -€102,212
down €102,212, from €65,515 to -€36,697
- Trade debts -€21,553
down €21,553 (-30.9%), from €69,687 to €48,134
- Tax, wage and social debts -€15,646
down €15,646 (-32.1%), from €48,692 to €33,046
of which Taxes: -€25,734
- Debts after one year +€10,765
up €10,765 (+59.0%), from €18,251 to €29,016
- Staff costs +€66,081
up €66,081 (+99.9%), from €66,179 to €132,260
- Gross operating margin -€38,508
down €38,508 (-35.8%), from €107,585 to €69,077
- Depreciation +€4,416
up €4,416 (+23.8%), from €18,515 to €22,930
- Financial charges +€4,234
up €4,234 (+50.7%), from €8,345 to €12,580
- Taxes -€3,358
no longer reported in 2025 (was €3,358)
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 | €277,624 | €151,490 | -€126,134 | -45.4% |
| Fixed assets | 21/28 | €67,656 | €71,352 | +€3,697 | +5.5% |
| Tangible fixed assets | 22/27 | €67,656 | €71,352 | +€3,697 | +5.5% |
| Land and buildings | 22 | - | €6,551 | +€6,551 | |
| Plant, machinery and equipment | 23 | €8,925 | €8,376 | -€549 | -6.2% |
| Furniture and vehicles | 24 | €49,513 | €31,022 | -€18,491 | -37.3% |
| Other tangible fixed assets | 26 | €9,218 | €25,404 | +€16,186 | +175.6% |
| Current assets | 29/58 | €209,968 | €80,138 | -€129,831 | -61.8% |
| Stocks and contracts in progress | 3 | €17,201 | €20,174 | +€2,973 | +17.3% |
| Stocks | 30/36 | €17,201 | €20,174 | +€2,973 | +17.3% |
| Amounts receivable within one year | 40/41 | €184,550 | €58,819 | -€125,731 | -68.1% |
| Trade receivables | 40 | €166,639 | €46,165 | -€120,474 | -72.3% |
| Other amounts receivable | 41 | €17,911 | €12,654 | -€5,257 | -29.4% |
| Cash at bank and in hand | 54/58 | €265 | €447 | +€182 | +68.9% |
| Deferred charges and accrued income | 490/1 | €7,952 | €697 | -€7,255 | -91.2% |
| Total equity and liabilities | 10/49 | €277,624 | €151,490 | -€126,134 | -45.4% |
| Equity | 10/15 | €75,515 | -€26,697 | -€102,212 | |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €65,515 | -€36,697 | -€102,212 | |
| Amounts payable | 17/49 | €202,109 | €178,187 | -€23,922 | -11.8% |
| Amounts payable after more than one year | 17 | €18,251 | €29,016 | +€10,765 | +59.0% |
| Financial debts | 170/4 | €18,251 | €29,016 | +€10,765 | +59.0% |
| Amounts payable within one year | 42/48 | €183,238 | €148,001 | -€35,237 | -19.2% |
| Current portion of amounts payable after more than one year | 42 | €11,307 | €10,956 | -€350 | -3.1% |
| Financial debts | 43 | €22,944 | €22,487 | -€457 | -2.0% |
| Credit institutions | 430/8 | €22,944 | €22,487 | -€457 | -2.0% |
| Trade debts | 44 | €69,687 | €48,134 | -€21,553 | -30.9% |
| Suppliers | 440/4 | €69,687 | €48,134 | -€21,553 | -30.9% |
| Taxes, remuneration and social security | 45 | €48,692 | €33,046 | -€15,646 | -32.1% |
| Taxes | 450/3 | €37,978 | €12,245 | -€25,734 | -67.8% |
| Remuneration and social security | 454/9 | €10,714 | €20,802 | +€10,088 | +94.2% |
| Other amounts payable | 47/48 | €30,608 | €33,377 | +€2,770 | +9.0% |
| Accrued charges and deferred income | 492/3 | €620 | €1,170 | +€550 | +88.6% |
| Remuneration, social security and pensions | 62 | €66,179 | €132,260 | +€66,081 | +99.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,515 | €22,930 | +€4,416 | +23.8% |
| Other operating charges | 640/8 | €1,138 | €3,852 | +€2,714 | +238.5% |
| Gross operating margin | 9900 | €107,585 | €69,077 | -€38,508 | -35.8% |
| Operating profit (loss) | 9901 | €21,753 | -€89,965 | -€111,718 | |
| Financial income | 75/76B | €1,186 | €333 | -€853 | -72.0% |
| Recurring financial income | 75 | €1,186 | €333 | -€853 | -72.0% |
| Financial charges | 65/66B | €8,345 | €12,580 | +€4,234 | +50.7% |
| Recurring financial charges | 65 | €8,345 | €12,580 | +€4,234 | +50.7% |
| Profit (loss) for the period before taxes | 9903 | €14,594 | -€102,212 | -€116,806 | |
| Income taxes | 67/77 | €3,358 | - | -€3,358 | |
| Profit (loss) for the period | 9904 | €11,236 | -€102,212 | -€113,448 | |
| Profit (loss) for the period to be appropriated | 9905 | €11,236 | -€102,212 | -€113,448 |
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.