ELECTRABELGIUM: 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.
ELECTRABELGIUM
Largest movements
- Receivables within one year -€30,045
down €30,045 (-35.7%), from €84,236 to €54,191
of which Trade receivables: -€23,786
- Tangible fixed assets -€20,257
down €20,257 (-22.7%), from €89,248 to €68,992
of which Furniture and vehicles: -€32,084
- Cash -€13,380
down €13,380 (-63.6%), from €21,050 to €7,670
mainly Net result for the year (-€66,466) and Tax, wage and social debts (-€4,360)
- Stocks and contracts -€7,231
down €7,231 (-59.1%), from €12,231 to €5,000
- Profit (loss) carried forward -€66,466
down €66,466, from €33,476 to -€32,990
- Tax, wage and social debts -€4,360
down €4,360 (-16.2%), from €26,911 to €22,551
of which Taxes: -€8,051
- Debts after one year -€3,936
down €3,936 (-16.6%), from €23,691 to €19,755
- Gross operating margin -€46,269
down €46,269 (-44.0%), from €105,194 to €58,925
- Other operating charges +€21,642
up €21,642 (+142.4%), from €15,195 to €36,838
- Staff costs -€16,256
down €16,256 (-20.6%), from €78,968 to €62,711
- Financial charges +€14,964
up €14,964 (+1086.5%), from €1,377 to €16,341
of which Non-recurring financial charges: +€10,427
- Financial income +€1,968
new in 2025: €1,968
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 | €206,766 | €135,852 | -€70,914 | -34.3% |
| Fixed assets | 21/28 | €89,248 | €68,992 | -€20,257 | -22.7% |
| Tangible fixed assets | 22/27 | €89,248 | €68,992 | -€20,257 | -22.7% |
| Plant, machinery and equipment | 23 | €1,743 | €2,393 | +€650 | +37.3% |
| Furniture and vehicles | 24 | €49,728 | €17,644 | -€32,084 | -64.5% |
| Leasing and similar rights | 25 | - | €23,523 | +€23,523 | |
| Other tangible fixed assets | 26 | €37,777 | €25,432 | -€12,345 | -32.7% |
| Current assets | 29/58 | €117,517 | €66,861 | -€50,657 | -43.1% |
| Stocks and contracts in progress | 3 | €12,231 | €5,000 | -€7,231 | -59.1% |
| Stocks | 30/36 | €12,231 | €5,000 | -€7,231 | -59.1% |
| Amounts receivable within one year | 40/41 | €84,236 | €54,191 | -€30,045 | -35.7% |
| Trade receivables | 40 | €77,167 | €53,381 | -€23,786 | -30.8% |
| Other amounts receivable | 41 | €7,069 | €810 | -€6,259 | -88.5% |
| Cash at bank and in hand | 54/58 | €21,050 | €7,670 | -€13,380 | -63.6% |
| Total equity and liabilities | 10/49 | €206,766 | €135,852 | -€70,914 | -34.3% |
| Equity | 10/15 | €128,350 | €61,884 | -€66,466 | -51.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €76,274 | €76,274 | = | 0.0% |
| Tax-exempt reserves | 132 | €51,274 | €51,274 | = | 0.0% |
| Distributable reserves | 133 | €25,000 | €25,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €33,476 | -€32,990 | -€66,466 | |
| Amounts payable | 17/49 | €78,416 | €73,968 | -€4,447 | -5.7% |
| Amounts payable after more than one year | 17 | €23,691 | €19,755 | -€3,936 | -16.6% |
| Financial debts | 170/4 | €23,691 | €19,755 | -€3,936 | -16.6% |
| Amounts payable within one year | 42/48 | €54,724 | €54,214 | -€511 | -0.9% |
| Current portion of amounts payable after more than one year | 42 | €3,671 | €3,936 | +€265 | +7.2% |
| Trade debts | 44 | €23,822 | €25,845 | +€2,023 | +8.5% |
| Suppliers | 440/4 | €23,822 | €25,845 | +€2,023 | +8.5% |
| Taxes, remuneration and social security | 45 | €26,911 | €22,551 | -€4,360 | -16.2% |
| Taxes | 450/3 | €14,406 | €6,355 | -€8,051 | -55.9% |
| Remuneration and social security | 454/9 | €12,506 | €16,196 | +€3,691 | +29.5% |
| Other amounts payable | 47/48 | €320 | €1,881 | +€1,561 | +487.8% |
| Remuneration, social security and pensions | 62 | €78,968 | €62,711 | -€16,256 | -20.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,987 | €11,329 | -€1,659 | -12.8% |
| Other operating charges | 640/8 | €15,195 | €36,838 | +€21,642 | +142.4% |
| Gross operating margin | 9900 | €105,194 | €58,925 | -€46,269 | -44.0% |
| Operating profit (loss) | 9901 | -€1,956 | -€51,953 | -€49,997 | -2555.7% |
| Financial income | 75/76B | - | €1,968 | +€1,968 | |
| Recurring financial income | 75 | - | €1,968 | +€1,968 | |
| Financial charges | 65/66B | €1,377 | €16,341 | +€14,964 | +1086.5% |
| Recurring financial charges | 65 | €1,377 | €5,914 | +€4,536 | +329.4% |
| Non-recurring financial charges | 66B | - | €10,427 | +€10,427 | |
| Profit (loss) for the period before taxes | 9903 | -€3,333 | -€66,326 | -€62,992 | -1889.7% |
| Income taxes | 67/77 | €144 | €141 | -€3 | -2.1% |
| Profit (loss) for the period | 9904 | -€3,477 | -€66,466 | -€62,989 | -1811.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,477 | -€66,466 | -€62,989 | -1811.4% |
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 12 October 2026 via checked.be.