ELECTRACO: 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.
ELECTRACO
Largest movements
- Receivables within one year +€31,355
up €31,355 (+243.7%), from €12,864 to €44,219
of which Trade receivables: +€19,902
- Cash -€13,490
no longer reported in 2025 (was €13,490)
mainly Receivables within one year (-€31,355) and Trade debts (-€7,413)
- Tangible fixed assets -€6,457
down €6,457 (-17.4%), from €37,172 to €30,715
of which Land and buildings: -€4,702
- Deferred charges and accrued income -€1,772
down €1,772 (-62.2%), from €2,848 to €1,076
- Stocks and contracts -€1,025
no longer reported in 2025 (was €1,025)
- Profit (loss) carried forward +€14,066
up €14,066 (+46.6%), from €30,172 to €44,238
- Trade debts -€7,413
down €7,413 (-88.6%), from €8,369 to €956
- Short-term financial debts +€1,037
new in 2025: €1,037
- Tax, wage and social debts +€922
up €922 (+15.6%), from €5,927 to €6,850
- Gross operating margin +€14,213
up €14,213, from -€1,575 to €12,638
- Other operating charges -€3,381
down €3,381 (-79.2%), from €4,268 to €887
- Taxes +€2,479
up €2,479 (+252.6%), from €981 to €3,460
- Financial income +€850
up €850 (+10.7%), from €7,966 to €8,816
- Depreciation -€211
down €211 (-3.2%), from €6,668 to €6,457
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 | €67,399 | €76,011 | +€8,612 | +12.8% |
| Fixed assets | 21/28 | €37,172 | €30,715 | -€6,457 | -17.4% |
| Tangible fixed assets | 22/27 | €37,172 | €30,715 | -€6,457 | -17.4% |
| Land and buildings | 22 | €33,034 | €28,332 | -€4,702 | -14.2% |
| Plant, machinery and equipment | 23 | €1,188 | €928 | -€261 | -21.9% |
| Furniture and vehicles | 24 | €2,950 | €1,455 | -€1,494 | -50.7% |
| Current assets | 29/58 | €30,226 | €45,295 | +€15,069 | +49.9% |
| Stocks and contracts in progress | 3 | €1,025 | - | -€1,025 | |
| Stocks | 30/36 | €1,025 | - | -€1,025 | |
| Amounts receivable within one year | 40/41 | €12,864 | €44,219 | +€31,355 | +243.7% |
| Trade receivables | 40 | €9,770 | €29,672 | +€19,902 | +203.7% |
| Other amounts receivable | 41 | €3,094 | €14,547 | +€11,453 | +370.2% |
| Cash at bank and in hand | 54/58 | €13,490 | - | -€13,490 | |
| Deferred charges and accrued income | 490/1 | €2,848 | €1,076 | -€1,772 | -62.2% |
| Total equity and liabilities | 10/49 | €67,399 | €76,011 | +€8,612 | +12.8% |
| Equity | 10/15 | €53,102 | €67,168 | +€14,066 | +26.5% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Capital | 10 | €18,592 | €18,592 | = | 0.0% |
| Issued capital | 100 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €4,338 | €4,338 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €2,479 | €2,479 | = | 0.0% |
| Profit (loss) carried forward | 14 | €30,172 | €44,238 | +€14,066 | +46.6% |
| Amounts payable | 17/49 | €14,297 | €8,843 | -€5,454 | -38.1% |
| Amounts payable within one year | 42/48 | €14,297 | €8,843 | -€5,454 | -38.1% |
| Financial debts | 43 | - | €1,037 | +€1,037 | |
| Credit institutions | 430/8 | - | €1,037 | +€1,037 | |
| Trade debts | 44 | €8,369 | €956 | -€7,413 | -88.6% |
| Suppliers | 440/4 | €8,369 | €956 | -€7,413 | -88.6% |
| Taxes, remuneration and social security | 45 | €5,927 | €6,850 | +€922 | +15.6% |
| Taxes | 450/3 | €5,927 | €6,850 | +€922 | +15.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,668 | €6,457 | -€211 | -3.2% |
| Other operating charges | 640/8 | €4,268 | €887 | -€3,381 | -79.2% |
| Gross operating margin | 9900 | -€1,575 | €12,638 | +€14,213 | |
| Operating profit (loss) | 9901 | -€12,510 | €5,294 | +€17,805 | |
| Financial income | 75/76B | €7,966 | €8,816 | +€850 | +10.7% |
| Recurring financial income | 75 | €7,966 | €8,816 | +€850 | +10.7% |
| Financial charges | 65/66B | €1,510 | €1,633 | +€122 | +8.1% |
| Recurring financial charges | 65 | €1,510 | €1,633 | +€122 | +8.1% |
| Profit (loss) for the period before taxes | 9903 | -€6,055 | €12,477 | +€18,532 | |
| Income taxes | 67/77 | €981 | €3,460 | +€2,479 | +252.6% |
| Profit (loss) for the period | 9904 | -€7,037 | €9,017 | +€16,053 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,037 | €9,017 | +€16,053 |
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 11 October 2026 via checked.be.