ElectrA+: 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.
ElectrA+
Largest movements
- Receivables within one year -€67,929
down €67,929 (-10.7%), from €637,317 to €569,387
of which Trade receivables: -€39,549
- Cash +€38,503
up €38,503 (+14.8%), from €259,750 to €298,253
mainly Net result for the year (+€212,483) and Receivables within one year (+€67,929)
- Stocks and contracts -€15,000
no longer reported in 2025 (was €15,000)
- Short-term financial debts -€125,000
no longer reported in 2025 (was €125,000)
- Tax, wage and social debts +€44,328
up €44,328 (+71.2%), from €62,242 to €106,570
of which Taxes: +€33,322
- Reserves +€42,730
up €42,730 (+8.1%), from €527,324 to €570,054
of which Distributable reserves: +€42,730
- Debts after one year -€34,424
down €34,424 (-25.5%), from €134,982 to €100,558
- Other debts +€14,935
up €14,935 (+5.6%), from €268,649 to €283,584
- Gross operating margin +€100,298
up €100,298 (+16.9%), from €594,825 to €695,123
- Taxes +€27,963
up €27,963 (+40.1%), from €69,696 to €97,659
- Staff costs +€18,715
up €18,715 (+6.4%), from €292,276 to €310,992
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 | €1,272,873 | €1,225,018 | -€47,855 | -3.8% |
| Fixed assets | 21/28 | €347,794 | €342,824 | -€4,970 | -1.4% |
| Tangible fixed assets | 22/27 | €345,444 | €340,474 | -€4,970 | -1.4% |
| Land and buildings | 22 | €268,844 | €280,013 | +€11,168 | +4.2% |
| Plant, machinery and equipment | 23 | €40,094 | €33,727 | -€6,367 | -15.9% |
| Furniture and vehicles | 24 | €36,505 | €26,734 | -€9,771 | -26.8% |
| Financial fixed assets | 28 | €2,350 | €2,350 | = | 0.0% |
| Current assets | 29/58 | €925,079 | €882,194 | -€42,884 | -4.6% |
| Stocks and contracts in progress | 3 | €15,000 | - | -€15,000 | |
| Stocks | 30/36 | €15,000 | - | -€15,000 | |
| Amounts receivable within one year | 40/41 | €637,317 | €569,387 | -€67,929 | -10.7% |
| Trade receivables | 40 | €575,483 | €535,934 | -€39,549 | -6.9% |
| Other amounts receivable | 41 | €61,833 | €33,453 | -€28,380 | -45.9% |
| Cash at bank and in hand | 54/58 | €259,750 | €298,253 | +€38,503 | +14.8% |
| Deferred charges and accrued income | 490/1 | €13,012 | €14,554 | +€1,542 | +11.8% |
| Total equity and liabilities | 10/49 | €1,272,873 | €1,225,018 | -€47,855 | -3.8% |
| Equity | 10/15 | €533,524 | €576,254 | +€42,730 | +8.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €527,324 | €570,054 | +€42,730 | +8.1% |
| Tax-exempt reserves | 132 | €122,378 | €122,378 | = | 0.0% |
| Distributable reserves | 133 | €404,946 | €447,676 | +€42,730 | +10.6% |
| Amounts payable | 17/49 | €739,349 | €648,764 | -€90,585 | -12.3% |
| Amounts payable after more than one year | 17 | €134,982 | €100,558 | -€34,424 | -25.5% |
| Financial debts | 170/4 | €134,982 | €100,558 | -€34,424 | -25.5% |
| Amounts payable within one year | 42/48 | €601,612 | €543,904 | -€57,708 | -9.6% |
| Current portion of amounts payable after more than one year | 42 | €34,429 | €42,657 | +€8,228 | +23.9% |
| Financial debts | 43 | €125,000 | - | -€125,000 | |
| Credit institutions | 430/8 | €125,000 | - | -€125,000 | |
| Trade debts | 44 | €111,292 | €111,093 | -€199 | -0.2% |
| Suppliers | 440/4 | €111,292 | €111,093 | -€199 | -0.2% |
| Taxes, remuneration and social security | 45 | €62,242 | €106,570 | +€44,328 | +71.2% |
| Taxes | 450/3 | €31,582 | €64,904 | +€33,322 | +105.5% |
| Remuneration and social security | 454/9 | €30,660 | €41,666 | +€11,006 | +35.9% |
| Other amounts payable | 47/48 | €268,649 | €283,584 | +€14,935 | +5.6% |
| Accrued charges and deferred income | 492/3 | €2,755 | €4,302 | +€1,547 | +56.2% |
| Remuneration, social security and pensions | 62 | €292,276 | €310,992 | +€18,715 | +6.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €50,570 | €51,405 | +€834 | +1.7% |
| Other operating charges | 640/8 | €7,085 | €3,437 | -€3,648 | -51.5% |
| Gross operating margin | 9900 | €594,825 | €695,123 | +€100,298 | +16.9% |
| Operating profit (loss) | 9901 | €244,894 | €329,290 | +€84,396 | +34.5% |
| Financial income | 75/76B | €158 | €77 | -€82 | -51.6% |
| Recurring financial income | 75 | €158 | €77 | -€82 | -51.6% |
| Financial charges | 65/66B | €16,905 | €19,225 | +€2,320 | +13.7% |
| Recurring financial charges | 65 | €16,905 | €19,225 | +€2,320 | +13.7% |
| Profit (loss) for the period before taxes | 9903 | €228,148 | €310,142 | +€81,994 | +35.9% |
| Income taxes | 67/77 | €69,696 | €97,659 | +€27,963 | +40.1% |
| Profit (loss) for the period | 9904 | €158,452 | €212,483 | +€54,032 | +34.1% |
| Profit (loss) for the period to be appropriated | 9905 | €158,452 | €212,483 | +€54,032 | +34.1% |
Source: filed annual accounts (NBB), fiscal 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 September 2026 via checked.be.