ELECTON: 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.
ELECTON
Largest movements
- Receivables within one year +€292,729
up €292,729 (+161.7%), from €181,041 to €473,770
- Stocks and contracts +€88,553
up €88,553 (+27.4%), from €323,352 to €411,905
- Cash +€71,645
up €71,645 (+647.3%), from €11,068 to €82,713
mainly Trade debts (+€296,880) and Net result for the year (+€146,702)
- Trade debts +€296,880
up €296,880 (+305.4%), from €97,209 to €394,089
- Profit (loss) carried forward +€116,702
up €116,702 (+95.9%), from €121,664 to €238,366
- Current portion of long-term debt +€100,889
up €100,889 (+2216.4%), from €4,552 to €105,441
- Other debts -€57,543
down €57,543 (-29.3%), from €196,421 to €138,878
- Tax, wage and social debts -€31,889
down €31,889 (-37.0%), from €86,200 to €54,311
of which Taxes: -€17,458
- Gross operating margin +€88,921
up €88,921 (+32.3%), from €275,504 to €364,425
- Staff costs +€45,511
up €45,511 (+47.4%), from €95,977 to €141,488
- Taxes +€20,791
up €20,791 (+73.0%), from €28,470 to €49,261
- Financial charges +€4,568
up €4,568 (+56.8%), from €8,040 to €12,608
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 | €536,291 | €986,122 | +€449,831 | +83.9% |
| Fixed assets | 21/28 | €19,941 | €16,845 | -€3,096 | -15.5% |
| Tangible fixed assets | 22/27 | €19,941 | €16,845 | -€3,096 | -15.5% |
| Furniture and vehicles | 24 | €19,941 | €16,845 | -€3,096 | -15.5% |
| Current assets | 29/58 | €516,350 | €969,277 | +€452,927 | +87.7% |
| Stocks and contracts in progress | 3 | €323,352 | €411,905 | +€88,553 | +27.4% |
| Stocks | 30/36 | €323,352 | €411,905 | +€88,553 | +27.4% |
| Amounts receivable within one year | 40/41 | €181,041 | €473,770 | +€292,729 | +161.7% |
| Trade receivables | 40 | €181,041 | €473,770 | +€292,729 | +161.7% |
| Cash at bank and in hand | 54/58 | €11,068 | €82,713 | +€71,645 | +647.3% |
| Deferred charges and accrued income | 490/1 | €889 | €889 | = | 0.0% |
| Total equity and liabilities | 10/49 | €536,291 | €986,122 | +€449,831 | +83.9% |
| Equity | 10/15 | €146,664 | €293,366 | +€146,702 | +100.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €20,000 | €50,000 | +€30,000 | +150.0% |
| Distributable reserves | 133 | €20,000 | €50,000 | +€30,000 | +150.0% |
| Profit (loss) carried forward | 14 | €121,664 | €238,366 | +€116,702 | +95.9% |
| Amounts payable | 17/49 | €389,627 | €692,756 | +€303,129 | +77.8% |
| Amounts payable after more than one year | 17 | €5,207 | - | -€5,207 | |
| Financial debts | 170/4 | €5,207 | - | -€5,207 | |
| Amounts payable within one year | 42/48 | €384,420 | €692,756 | +€308,336 | +80.2% |
| Current portion of amounts payable after more than one year | 42 | €4,552 | €105,441 | +€100,889 | +2216.4% |
| Financial debts | 43 | €38 | €37 | -€1 | -2.6% |
| Credit institutions | 430/8 | €38 | €37 | -€1 | -2.6% |
| Trade debts | 44 | €97,209 | €394,089 | +€296,880 | +305.4% |
| Suppliers | 440/4 | €97,209 | €394,089 | +€296,880 | +305.4% |
| Taxes, remuneration and social security | 45 | €86,200 | €54,311 | -€31,889 | -37.0% |
| Taxes | 450/3 | €71,297 | €53,839 | -€17,458 | -24.5% |
| Remuneration and social security | 454/9 | €14,903 | €472 | -€14,431 | -96.8% |
| Other amounts payable | 47/48 | €196,421 | €138,878 | -€57,543 | -29.3% |
| Remuneration, social security and pensions | 62 | €95,977 | €141,488 | +€45,511 | +47.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,021 | €12,958 | -€2,063 | -13.7% |
| Other operating charges | 640/8 | €998 | €1,408 | +€410 | +41.1% |
| Gross operating margin | 9900 | €275,504 | €364,425 | +€88,921 | +32.3% |
| Operating profit (loss) | 9901 | €163,508 | €208,571 | +€45,063 | +27.6% |
| Financial charges | 65/66B | €8,040 | €12,608 | +€4,568 | +56.8% |
| Recurring financial charges | 65 | €8,040 | €12,608 | +€4,568 | +56.8% |
| Profit (loss) for the period before taxes | 9903 | €155,468 | €195,963 | +€40,495 | +26.0% |
| Income taxes | 67/77 | €28,470 | €49,261 | +€20,791 | +73.0% |
| Profit (loss) for the period | 9904 | €126,998 | €146,702 | +€19,704 | +15.5% |
| Profit (loss) for the period to be appropriated | 9905 | €126,998 | €146,702 | +€19,704 | +15.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.