ELECTRA CONTRACTORS: 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 CONTRACTORS
Largest movements
- Receivables within one year +€1.3m
up €1.3m (+100.2%), from €1.3m to €2.5m
of which Trade receivables: +€691,002
- Cash -€466,263
down €466,263 (-82.8%), from €563,013 to €96,750
mainly Receivables within one year (-€1.3m) and Stocks and contracts (-€391,362)
- Stocks and contracts +€391,362
up €391,362 (+28.5%), from €1.4m to €1.8m
of which Stocks: +€437,355
- Tangible fixed assets +€62,966
up €62,966 (+27.6%), from €227,826 to €290,792
of which Furniture and vehicles: +€55,214
- Short-term financial debts +€625,283
new in 2025: €625,283
- Reserves +€340,404
up €340,404 (+16.6%), from €2.0m to €2.4m
of which Distributable reserves: +€340,404
- Trade debts +€165,658
up €165,658 (+17.1%), from €967,727 to €1.1m
- Debts after one year +€51,992
up €51,992 (+37.1%), from €140,021 to €192,013
- Staff costs -€565,130
down €565,130 (-22.1%), from €2.6m to €2.0m
- Gross operating margin -€332,081
down €332,081 (-11.2%), from €3.0m to €2.6m
- Financial charges -€54,230
down €54,230 (-53.0%), from €102,377 to €48,148
- Taxes +€51,016
up €51,016 (+63.6%), from €80,208 to €131,224
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 | €3,458,858 | €4,706,033 | +€1.2m | +36.1% |
| Fixed assets | 21/28 | €230,184 | €293,042 | +€62,858 | +27.3% |
| Intangible fixed assets | 21 | €108 | - | -€108 | |
| Tangible fixed assets | 22/27 | €227,826 | €290,792 | +€62,966 | +27.6% |
| Plant, machinery and equipment | 23 | €3,221 | €12,117 | +€8,895 | +276.2% |
| Furniture and vehicles | 24 | €221,175 | €276,388 | +€55,214 | +25.0% |
| Other tangible fixed assets | 26 | €3,431 | €2,287 | -€1,144 | -33.3% |
| Financial fixed assets | 28 | €2,250 | €2,250 | = | 0.0% |
| Current assets | 29/58 | €3,228,674 | €4,412,991 | +€1.2m | +36.7% |
| Stocks and contracts in progress | 3 | €1,375,369 | €1,766,731 | +€391,362 | +28.5% |
| Stocks | 30/36 | €1,074,851 | €1,512,206 | +€437,355 | +40.7% |
| Contracts in progress | 37 | €300,518 | €254,525 | -€45,994 | -15.3% |
| Amounts receivable within one year | 40/41 | €1,261,500 | €2,526,145 | +€1.3m | +100.2% |
| Trade receivables | 40 | €1,124,489 | €1,815,490 | +€691,002 | +61.5% |
| Other amounts receivable | 41 | €137,011 | €710,655 | +€573,644 | +418.7% |
| Cash at bank and in hand | 54/58 | €563,013 | €96,750 | -€466,263 | -82.8% |
| Deferred charges and accrued income | 490/1 | €28,791 | €23,365 | -€5,427 | -18.8% |
| Total equity and liabilities | 10/49 | €3,458,858 | €4,706,033 | +€1.2m | +36.1% |
| Equity | 10/15 | €2,110,790 | €2,451,194 | +€340,404 | +16.1% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €2,048,790 | €2,389,194 | +€340,404 | +16.6% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €40,078 | €40,078 | = | 0.0% |
| Distributable reserves | 133 | €2,002,512 | €2,342,916 | +€340,404 | +17.0% |
| Amounts payable | 17/49 | €1,348,068 | €2,254,839 | +€906,771 | +67.3% |
| Amounts payable after more than one year | 17 | €140,021 | €192,013 | +€51,992 | +37.1% |
| Financial debts | 170/4 | €140,021 | €192,013 | +€51,992 | +37.1% |
| Amounts payable within one year | 42/48 | €1,208,047 | €2,062,826 | +€854,779 | +70.8% |
| Current portion of amounts payable after more than one year | 42 | €42,815 | €75,171 | +€32,356 | +75.6% |
| Financial debts | 43 | - | €625,283 | +€625,283 | |
| Credit institutions | 430/8 | - | €625,283 | +€625,283 | |
| Trade debts | 44 | €967,727 | €1,133,385 | +€165,658 | +17.1% |
| Suppliers | 440/4 | €967,727 | €1,133,385 | +€165,658 | +17.1% |
| Taxes, remuneration and social security | 45 | €197,505 | €228,988 | +€31,483 | +15.9% |
| Taxes | 450/3 | €10,875 | €44,164 | +€33,289 | +306.1% |
| Remuneration and social security | 454/9 | €186,630 | €184,824 | -€1,806 | -1.0% |
| Non-recurring operating income | 76A | €25,370 | - | -€25,370 | |
| Remuneration, social security and pensions | 62 | €2,562,684 | €1,997,554 | -€565,130 | -22.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €74,306 | €97,931 | +€23,625 | +31.8% |
| Other operating charges | 640/8 | €6,971 | €12,725 | +€5,753 | +82.5% |
| Non-recurring operating charges | 66A | €2,538 | - | -€2,538 | |
| Gross operating margin | 9900 | €2,956,449 | €2,624,368 | -€332,081 | -11.2% |
| Operating profit (loss) | 9901 | €309,949 | €516,158 | +€206,208 | +66.5% |
| Financial income | 75/76B | €7,791 | €3,618 | -€4,173 | -53.6% |
| Recurring financial income | 75 | €7,791 | €3,618 | -€4,173 | -53.6% |
| Financial charges | 65/66B | €102,377 | €48,148 | -€54,230 | -53.0% |
| Recurring financial charges | 65 | €102,377 | €48,148 | -€54,230 | -53.0% |
| Profit (loss) for the period before taxes | 9903 | €215,363 | €471,628 | +€256,265 | +119.0% |
| Income taxes | 67/77 | €80,208 | €131,224 | +€51,016 | +63.6% |
| Profit (loss) for the period | 9904 | €135,155 | €340,404 | +€205,249 | +151.9% |
| Profit (loss) for the period to be appropriated | 9905 | €135,155 | €340,404 | +€205,249 | +151.9% |
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 4 October 2026 via checked.be.