ELECTRATEC: 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.
ELECTRATEC
Largest movements
- Cash -€30,658
down €30,658 (-57.8%), from €52,999 to €22,340
mainly Receivables within one year (-€20,821) and Stocks and contracts (-€17,835)
- Receivables within one year +€20,821
up €20,821 (+26.1%), from €79,641 to €100,463
of which Trade receivables: +€23,197
- Stocks and contracts +€17,835
up €17,835 (+179%), from €9,965 to €27,800
- Reserves +€11,607
up €11,607 (+22.5%), from €51,520 to €63,127
of which Distributable reserves: +€11,607
- Other debts -€9,540
down €9,540 (-59.3%), from €16,101 to €6,561
- Tax, wage and social debts +€7,459
up €7,459 (+27.5%), from €27,171 to €34,630
of which Remuneration and social security: +€6,389
- Advances received -€2,375
no longer reported in 2025 (was €2,375)
- Gross operating margin +€40,978
up €40,978 (+21.0%), from €195,485 to €236,463
- Staff costs +€40,818
up €40,818 (+23.7%), from €172,231 to €213,049
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €149,610 | €157,476 | +€7,866 | +5.3% |
| Fixed assets | 21/28 | €5,289 | €4,856 | -€433 | -8.2% |
| Tangible fixed assets | 22/27 | €2,913 | €2,481 | -€433 | -14.8% |
| Plant, machinery and equipment | 23 | €718 | €198 | -€519 | -72.4% |
| Furniture and vehicles | 24 | €2,196 | €2,282 | +€87 | +4.0% |
| Financial fixed assets | 28 | €2,376 | €2,376 | = | 0.0% |
| Current assets | 29/58 | €144,322 | €152,620 | +€8,298 | +5.7% |
| Stocks and contracts in progress | 3 | €9,965 | €27,800 | +€17,835 | +179% |
| Stocks | 30/36 | €9,965 | €27,800 | +€17,835 | +179% |
| Amounts receivable within one year | 40/41 | €79,641 | €100,463 | +€20,821 | +26.1% |
| Trade receivables | 40 | €74,394 | €97,591 | +€23,197 | +31.2% |
| Other amounts receivable | 41 | €5,248 | €2,872 | -€2,376 | -45.3% |
| Cash at bank and in hand | 54/58 | €52,999 | €22,340 | -€30,658 | -57.8% |
| Deferred charges and accrued income | 490/1 | €1,716 | €2,016 | +€300 | +17.5% |
| Total equity and liabilities | 10/49 | €149,610 | €157,476 | +€7,866 | +5.3% |
| Equity | 10/15 | €76,309 | €87,916 | +€11,607 | +15.2% |
| Contributions | 10/11 | €24,789 | €24,789 | = | 0.0% |
| Contributions outside capital | 11 | €24,789 | €24,789 | = | 0.0% |
| Other | 1109/19 | €24,789 | €24,789 | = | 0.0% |
| Reserves | 13 | €51,520 | €63,127 | +€11,607 | +22.5% |
| Non-distributable reserves | 130/1 | €475 | €475 | = | 0.0% |
| Reserves not available under the articles | 1311 | €475 | €475 | = | 0.0% |
| Distributable reserves | 133 | €51,045 | €62,652 | +€11,607 | +22.7% |
| Amounts payable | 17/49 | €73,301 | €69,559 | -€3,742 | -5.1% |
| Amounts payable within one year | 42/48 | €73,301 | €69,559 | -€3,742 | -5.1% |
| Current portion of amounts payable after more than one year | 42 | €5,629 | €6,221 | +€592 | +10.5% |
| Trade debts | 44 | €22,026 | €22,148 | +€122 | +0.6% |
| Suppliers | 440/4 | €22,026 | €22,148 | +€122 | +0.6% |
| Advances received on contracts in progress | 46 | €2,375 | - | -€2,375 | |
| Taxes, remuneration and social security | 45 | €27,171 | €34,630 | +€7,459 | +27.5% |
| Taxes | 450/3 | €1,956 | €3,025 | +€1,070 | +54.7% |
| Remuneration and social security | 454/9 | €25,216 | €31,605 | +€6,389 | +25.3% |
| Other amounts payable | 47/48 | €16,101 | €6,561 | -€9,540 | -59.3% |
| Remuneration, social security and pensions | 62 | €172,231 | €213,049 | +€40,818 | +23.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,602 | €1,540 | -€62 | -3.9% |
| Other operating charges | 640/8 | €1,100 | €1,867 | +€767 | +69.7% |
| Gross operating margin | 9900 | €195,485 | €236,463 | +€40,978 | +21.0% |
| Operating profit (loss) | 9901 | €20,552 | €20,008 | -€544 | -2.6% |
| Financial income | 75/76B | €1,039 | €663 | -€376 | -36.2% |
| Recurring financial income | 75 | €1,039 | €663 | -€376 | -36.2% |
| Financial charges | 65/66B | €1,434 | €1,692 | +€258 | +18.0% |
| Recurring financial charges | 65 | €1,434 | €1,692 | +€258 | +18.0% |
| Profit (loss) for the period before taxes | 9903 | €20,157 | €18,978 | -€1,178 | -5.8% |
| Income taxes | 67/77 | €6,993 | €7,371 | +€378 | +5.4% |
| Profit (loss) for the period | 9904 | €13,164 | €11,607 | -€1,557 | -11.8% |
| Profit (loss) for the period to be appropriated | 9905 | €13,164 | €11,607 | -€1,557 | -11.8% |
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 28 October 2026 via checked.be.