ElectraBeLux: 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.
ElectraBeLux
Largest movements
- Receivables within one year -€19.1m
down €19.1m (-71.1%), from €26.9m to €7.8m
of which Trade receivables: -€19.5m
- Tangible fixed assets +€17.2m
up €17.2m (+337.9%), from €5.1m to €22.3m
of which Land and buildings: +€16.6m
- Cash -€2.3m
down €2.3m (-82.6%), from €2.8m to €493,200
mainly Investment in fixed assets (net) (-€18.1m) and Debts after one year (-€17.8m)
- Debts after one year -€17.8m
down €17.8m (-64.6%), from €27.6m to €9.8m
- Trade debts +€9.9m
up €9.9m (+217.5%), from €4.6m to €14.5m
- Contributions +€6.5m
up €6.5m (+433.3%), from €1.5m to €8.0m
- Tax, wage and social debts -€2.7m
down €2.7m (-93.0%), from €2.9m to €200,106
of which Taxes: -€2.7m
- Goods and materials -€8.0m
down €8.0m (-56.8%), from €14.1m to €6.1m
- Turnover -€2.8m
down €2.8m (-21.9%), from €12.9m to €10.1m
- Staff costs +€914,598
up €914,598 (+113.6%), from €804,783 to €1.7m
- Depreciation +€831,014
up €831,014 (+3516.7%), from €23,631 to €854,645
- Services and other goods +€705,240
up €705,240 (+128.6%), from €548,433 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.
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 | €34,841,883 | €30,599,794 | -€4.2m | -12.2% |
| Formation expenses | 20 | €1,044 | €672 | -€372 | -35.6% |
| Fixed assets | 21/28 | €5,101,777 | €22,337,653 | +€17.2m | +337.8% |
| Tangible fixed assets | 22/27 | €5,100,257 | €22,335,134 | +€17.2m | +337.9% |
| Land and buildings | 22 | €3,013,848 | €19,662,694 | +€16.6m | +552.4% |
| Furniture and vehicles | 24 | €5,201 | €4,469 | -€732 | -14.1% |
| Assets under construction and advance payments | 27 | €2,081,208 | €2,667,971 | +€586,763 | +28.2% |
| Financial fixed assets | 28 | €1,519 | €2,519 | +€1,000 | +65.8% |
| Other financial fixed assets | 284/8 | €1,519 | €2,519 | +€1,000 | +65.8% |
| Amounts receivable and cash guarantees | 285/8 | €1,519 | €2,519 | +€1,000 | +65.8% |
| Current assets | 29/58 | €29,739,063 | €8,261,468 | -€21.5m | -72.2% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €26,898,782 | €7,760,956 | -€19.1m | -71.1% |
| Trade receivables | 40 | €26,862,458 | €7,412,236 | -€19.5m | -72.4% |
| Other amounts receivable | 41 | €36,324 | €348,720 | +€312,396 | +860.0% |
| Cash at bank and in hand | 54/58 | €2,838,236 | €493,200 | -€2.3m | -82.6% |
| Deferred charges and accrued income | 490/1 | €2,045 | €7,312 | +€5,267 | +257.5% |
| Total equity and liabilities | 10/49 | €34,841,883 | €30,599,794 | -€4.2m | -12.2% |
| Equity | 10/15 | -€210,828 | €6,133,601 | +€6.3m | |
| Contributions | 10/11 | €1,500,001 | €8,000,001 | +€6.5m | +433.3% |
| Profit (loss) carried forward | 14 | -€1,710,829 | -€1,866,400 | -€155,572 | -9.1% |
| Amounts payable | 17/49 | €35,052,711 | €24,466,193 | -€10.6m | -30.2% |
| Amounts payable after more than one year | 17 | €27,579,839 | €9,761,776 | -€17.8m | -64.6% |
| Other amounts payable | 178/9 | €27,579,839 | €9,761,776 | -€17.8m | -64.6% |
| Amounts payable within one year | 42/48 | €7,472,872 | €14,704,417 | +€7.2m | +96.8% |
| Trade debts | 44 | €4,562,514 | €14,487,916 | +€9.9m | +217.5% |
| Suppliers | 440/4 | €4,562,514 | €14,487,916 | +€9.9m | +217.5% |
| Taxes, remuneration and social security | 45 | €2,860,359 | €200,106 | -€2.7m | -93.0% |
| Taxes | 450/3 | €2,741,223 | €16,344 | -€2.7m | -99.4% |
| Remuneration and social security | 454/9 | €119,136 | €183,762 | +€64,627 | +54.2% |
| Other amounts payable | 47/48 | €50,000 | €16,395 | -€33,605 | -67.2% |
| Operating income | 70/76A | €14,745,203 | €10,606,791 | -€4.1m | -28.1% |
| Turnover | 70 | €12,911,542 | €10,084,904 | -€2.8m | -21.9% |
| Own construction capitalised | 72 | €1,811,952 | €0 | -€1.8m | -100.0% |
| Other operating income | 74 | €21,709 | €521,888 | +€500,179 | +2304.1% |
| Operating charges | 60/66A | €15,449,941 | €9,944,538 | -€5.5m | -35.6% |
| Goods for resale, raw materials and consumables | 60 | €14,072,078 | €6,078,259 | -€8.0m | -56.8% |
| Purchases | 600/8 | €14,072,078 | €6,078,259 | -€8.0m | -56.8% |
| Services and other goods | 61 | €548,433 | €1,253,673 | +€705,240 | +128.6% |
| Remuneration, social security and pensions | 62 | €804,783 | €1,719,381 | +€914,598 | +113.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,631 | €854,645 | +€831,014 | +3516.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €26,761 | +€26,761 | |
| Other operating charges | 640/8 | €1,016 | €11,819 | +€10,803 | +1063.3% |
| Operating profit (loss) | 9901 | -€704,738 | €662,254 | +€1.4m | |
| Financial income | 75/76B | €0 | €24 | +€24 | |
| Recurring financial income | 75 | €0 | €24 | +€24 | |
| Other financial income | 752/9 | €0 | €24 | +€24 | |
| Financial charges | 65/66B | €652,132 | €817,191 | +€165,059 | +25.3% |
| Recurring financial charges | 65 | €652,132 | €817,191 | +€165,059 | +25.3% |
| Debt charges | 650 | €651,514 | €808,298 | +€156,784 | +24.1% |
| Other financial charges | 652/9 | €618 | €8,893 | +€8,276 | +1340.0% |
| Profit (loss) for the period before taxes | 9903 | -€1,356,870 | -€154,913 | +€1.2m | +88.6% |
| Income taxes | 67/77 | €590 | €658 | +€68 | +11.6% |
| Taxes | 670/3 | €590 | €658 | +€68 | +11.6% |
| Profit (loss) for the period | 9904 | -€1,357,460 | -€155,572 | +€1.2m | +88.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,357,460 | -€155,572 | +€1.2m | +88.5% |
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 7 October 2026 via checked.be.