ELECTEO: 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.
ELECTEO
Largest movements
- Receivables within one year +€25,362
up €25,362 (+683.6%), from €3,710 to €29,072
of which Other amounts receivable: +€20,129
- Tangible fixed assets +€3,699
up €3,699 (+34.4%), from €10,765 to €14,464
- Cash -€778
down €778 (-34.9%), from €2,232 to €1,454
mainly Receivables within one year (-€25,362) and Investment in fixed assets (net) (-€11,473)
- Trade debts +€30,222
up €30,222 (+1232.5%), from €2,452 to €32,674
- Other debts -€2,475
no longer reported in 2023 (was €2,475)
- Tax, wage and social debts +€521
up €521 (+15.3%), from €3,409 to €3,930
- Turnover +€49,354
new in 2023: €49,354
- Purchases and services +€40,918
new in 2023: €40,918
- Gross operating margin -€5,786
down €5,786 (-40.7%), from €14,223 to €8,437
- Depreciation +€4,091
up €4,091 (+111.1%), from €3,683 to €7,774
- Taxes -€2,105
down €2,105 (-99.2%), from €2,123 to €18
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €16,707 | €44,990 | +€28,283 | +169.3% |
| Fixed assets | 21/28 | €10,765 | €14,464 | +€3,699 | +34.4% |
| Tangible fixed assets | 22/27 | €10,765 | €14,464 | +€3,699 | +34.4% |
| Furniture and vehicles | 24 | €10,765 | €14,464 | +€3,699 | +34.4% |
| Current assets | 29/58 | €5,942 | €30,526 | +€24,584 | +413.7% |
| Amounts receivable within one year | 40/41 | €3,710 | €29,072 | +€25,362 | +683.6% |
| Trade receivables | 40 | €3,710 | €8,944 | +€5,234 | +141.1% |
| Other amounts receivable | 41 | - | €20,129 | +€20,129 | |
| Cash at bank and in hand | 54/58 | €2,232 | €1,454 | -€778 | -34.9% |
| Total equity and liabilities | 10/49 | €16,707 | €44,990 | +€28,283 | +169.3% |
| Equity | 10/15 | €8,370 | €8,386 | +€16 | +0.2% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,370 | €6,386 | +€16 | +0.2% |
| Amounts payable | 17/49 | €8,337 | €36,604 | +€28,268 | +339.1% |
| Amounts payable within one year | 42/48 | €8,337 | €36,604 | +€28,268 | +339.1% |
| Trade debts | 44 | €2,452 | €32,674 | +€30,222 | +1232.5% |
| Suppliers | 440/4 | €2,452 | €32,674 | +€30,222 | +1232.5% |
| Taxes, remuneration and social security | 45 | €3,409 | €3,930 | +€521 | +15.3% |
| Taxes | 450/3 | €3,409 | €3,930 | +€521 | +15.3% |
| Other amounts payable | 47/48 | €2,475 | - | -€2,475 | |
| Turnover | 70 | - | €49,354 | +€49,354 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €40,918 | +€40,918 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,683 | €7,774 | +€4,091 | +111.1% |
| Other operating charges | 640/8 | €2,028 | €576 | -€1,452 | -71.6% |
| Gross operating margin | 9900 | €14,223 | €8,437 | -€5,786 | -40.7% |
| Operating profit (loss) | 9901 | €8,512 | €87 | -€8,425 | -99.0% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €18 | €53 | +€35 | +193.9% |
| Recurring financial charges | 65 | €18 | €53 | +€35 | +193.9% |
| Profit (loss) for the period before taxes | 9903 | €8,494 | €34 | -€8,460 | -99.6% |
| Income taxes | 67/77 | €2,123 | €18 | -€2,105 | -99.2% |
| Profit (loss) for the period | 9904 | €6,370 | €16 | -€6,354 | -99.8% |
| Profit (loss) for the period to be appropriated | 9905 | €6,370 | €16 | -€6,354 | -99.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.