Electra Belgique: 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.
What changed
Electra Belgique
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€857,074
2024 · €468,288+€388,786
Equity
€1.4m
2024 · €515,132+€857,074
Cash
€79,671
2024 · €1.1m-€1.0m
Balance sheet total
€56.6m
2024 · €49.5m+€7.0m
Largest movements
Assets
- Financial fixed assets +€7.9m
up €7.9m (+16.3%), from €48.5m to €56.3m
- Cash -€1.0m
down €1.0m (-92.7%), from €1.1m to €79,671
mainly Investment in fixed assets (net) (-€7.9m) and Other debts (-€374,783)
Equity and liabilities
- Debts after one year +€5.3m
up €5.3m (+11.0%), from €48.5m to €53.8m
- Accrued charges and deferred income +€1.4m
new in 2025: €1.4m
- Reserves +€857,074
up €857,074 (+189%), from €453,632 to €1.3m
of which Distributable reserves: +€857,074
Income statement
- Financial income +€1.5m
up €1.5m (+146%), from €1.0m to €2.5m
- Financial charges +€977,926
up €977,926 (+265%), from €369,642 to €1.3m
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.
Result 2024
€468,288
Depreciation
-€0
Other operating charges
+€1,418
Other operating items
-€12,458
Financial income
+€1.5m
Financial charges
-€977,926
Taxes
-€121,067
Result 2025
€857,074
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
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.
From operations
+€1.5m
Investment
-€7.9m
Financing
+€5.3m
Cash 2024
€1.1m
From operations (derived)
+€1.5m
Net result for the year
+€857,074
Depreciation
+€295
Receivables within one year
-€163,827
Trade debts
+€2,116
Tax, wage and social debts
-€155,072
Other debts
-€374,783
Accrued charges and deferred income
+€1.4m
Investment (derived)
-€7.9m
Investment in fixed assets (net)
-€7.9m
Financing
+€5.3m
Debts after one year
+€5.3m
Cash 2025
€79,671
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €49,545,961 | €56,582,402 | +€7.0m | +14.2% |
| Formation expenses | 20 | €830 | €534 | -€295 | -35.6% |
| Fixed assets | 21/28 | €48,457,082 | €56,338,370 | +€7.9m | +16.3% |
| Financial fixed assets | 28 | €48,457,082 | €56,338,370 | +€7.9m | +16.3% |
| Affiliated companies | 280/1 | €48,457,082 | €56,338,370 | +€7.9m | +16.3% |
| Participating interests | 280 | €1,201,001 | €20,201,001 | +€19.0m | +1,582% |
| Amounts receivable | 281 | €47,256,081 | €36,137,369 | -€11.1m | -23.5% |
| Current assets | 29/58 | €1,088,049 | €243,498 | -€844,551 | -77.6% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €0 | €163,827 | +€163,827 | |
| Other amounts receivable | 41 | €0 | €163,827 | +€163,827 | |
| Cash at bank and in hand | 54/58 | €1,088,049 | €79,671 | -€1.0m | -92.7% |
| Total equity and liabilities | 10/49 | €49,545,961 | €56,582,402 | +€7.0m | +14.2% |
| Equity | 10/15 | €515,132 | €1,372,206 | +€857,074 | +166% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €453,632 | €1,310,706 | +€857,074 | +189% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Distributable reserves | 133 | €447,482 | €1,304,556 | +€857,074 | +192% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €49,030,829 | €55,210,196 | +€6.2m | +12.6% |
| Amounts payable after more than one year | 17 | €48,488,316 | €53,838,000 | +€5.3m | +11.0% |
| Other amounts payable | 178/9 | €48,488,316 | €53,838,000 | +€5.3m | +11.0% |
| Amounts payable within one year | 42/48 | €542,513 | €14,774 | -€527,738 | -97.3% |
| Trade debts | 44 | €12,658 | €14,774 | +€2,116 | +16.7% |
| Suppliers | 440/4 | €12,658 | €14,774 | +€2,116 | +16.7% |
| Taxes, remuneration and social security | 45 | €155,072 | €0 | -€155,072 | -100% |
| Taxes | 450/3 | €155,072 | €0 | -€155,072 | -100% |
| Other amounts payable | 47/48 | €374,783 | €0 | -€374,783 | -100% |
| Accrued charges and deferred income | 492/3 | - | €1,357,422 | +€1.4m | |
| Operating charges | 60/66A | €21,225 | €32,265 | +€11,040 | +52.0% |
| Services and other goods | 61 | €19,096 | €31,553 | +€12,458 | +65.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €295 | €295 | +€0 | 0.0% |
| Other operating charges | 640/8 | €1,835 | €417 | -€1,418 | -77.3% |
| Operating profit (loss) | 9901 | -€21,225 | -€32,265 | -€11,040 | -52.0% |
| Financial income | 75/76B | €1,025,706 | €2,524,525 | +€1.5m | +146% |
| Recurring financial income | 75 | €1,025,706 | €2,524,525 | +€1.5m | +146% |
| Income from current assets | 751 | €1,025,706 | €2,524,525 | +€1.5m | +146% |
| Financial charges | 65/66B | €369,642 | €1,347,568 | +€977,926 | +265% |
| Recurring financial charges | 65 | €369,642 | €1,347,568 | +€977,926 | +265% |
| Debt charges | 650 | €369,349 | €1,346,742 | +€977,393 | +265% |
| Other financial charges | 652/9 | €294 | €827 | +€533 | +182% |
| Profit (loss) for the period before taxes | 9903 | €634,838 | €1,144,692 | +€509,853 | +80.3% |
| Income taxes | 67/77 | €166,550 | €287,618 | +€121,067 | +72.7% |
| Taxes | 670/3 | €166,550 | €287,618 | +€121,067 | +72.7% |
| Profit (loss) for the period | 9904 | €468,288 | €857,074 | +€388,786 | +83.0% |
| Profit (loss) for the period to be appropriated | 9905 | €468,288 | €857,074 | +€388,786 | +83.0% |
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 29 October 2026 via checked.be.