ELECTRENO: 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.
ELECTRENO
Largest movements
- Tangible fixed assets +€18,538
up €18,538 (+54.3%), from €34,151 to €52,689
of which Furniture and vehicles: +€19,533
- Cash -€7,209
down €7,209 (-36.3%), from €19,875 to €12,666
mainly Investment in fixed assets (net) (-€29,358) and Receivables within one year (-€5,032)
- Receivables within one year +€5,032
up €5,032 (+183%), from €2,754 to €7,786
of which Other amounts receivable: +€7,023
- Profit (loss) carried forward +€12,214
up €12,214 (+63.5%), from €19,227 to €31,441
- Current portion of long-term debt +€8,979
up €8,979 (+96.0%), from €9,349 to €18,327
- Other debts -€2,978
down €2,978 (-72.8%), from €4,091 to €1,114
- Trade debts -€2,645
down €2,645 (-58.1%), from €4,553 to €1,908
- Debts after one year +€1,243
up €1,243 (+10.1%), from €12,315 to €13,558
- Gross operating margin +€4,271
up €4,271 (+17.9%), from €23,795 to €28,066
- Depreciation +€2,218
up €2,218 (+25.8%), from €8,602 to €10,819
- Taxes +€556
up €556 (+18.6%), from €2,996 to €3,552
- Financial charges -€502
down €502 (-34.3%), from €1,462 to €960
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 | €57,595 | €74,408 | +€16,813 | +29.2% |
| Fixed assets | 21/28 | €34,151 | €52,689 | +€18,538 | +54.3% |
| Tangible fixed assets | 22/27 | €34,151 | €52,689 | +€18,538 | +54.3% |
| Land and buildings | 22 | €8,207 | €7,213 | -€994 | -12.1% |
| Furniture and vehicles | 24 | €25,944 | €45,477 | +€19,533 | +75.3% |
| Current assets | 29/58 | €23,444 | €21,719 | -€1,725 | -7.4% |
| Amounts receivable within one year | 40/41 | €2,754 | €7,786 | +€5,032 | +183% |
| Trade receivables | 40 | €1,991 | - | -€1,991 | |
| Other amounts receivable | 41 | €763 | €7,786 | +€7,023 | +920% |
| Cash at bank and in hand | 54/58 | €19,875 | €12,666 | -€7,209 | -36.3% |
| Deferred charges and accrued income | 490/1 | €815 | €1,267 | +€452 | +55.5% |
| Total equity and liabilities | 10/49 | €57,595 | €74,408 | +€16,813 | +29.2% |
| Equity | 10/15 | €27,287 | €39,501 | +€12,214 | +44.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €19,227 | €31,441 | +€12,214 | +63.5% |
| Amounts payable | 17/49 | €30,308 | €34,907 | +€4,599 | +15.2% |
| Amounts payable after more than one year | 17 | €12,315 | €13,558 | +€1,243 | +10.1% |
| Financial debts | 170/4 | €12,315 | €13,558 | +€1,243 | +10.1% |
| Amounts payable within one year | 42/48 | €17,993 | €21,350 | +€3,356 | +18.7% |
| Current portion of amounts payable after more than one year | 42 | €9,349 | €18,327 | +€8,979 | +96.0% |
| Trade debts | 44 | €4,553 | €1,908 | -€2,645 | -58.1% |
| Suppliers | 440/4 | €4,553 | €1,908 | -€2,645 | -58.1% |
| Other amounts payable | 47/48 | €4,091 | €1,114 | -€2,978 | -72.8% |
| Non-recurring operating income | 76A | - | €1,033 | +€1,033 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,602 | €10,819 | +€2,218 | +25.8% |
| Other operating charges | 640/8 | €568 | €520 | -€49 | -8.6% |
| Gross operating margin | 9900 | €23,795 | €28,066 | +€4,271 | +17.9% |
| Operating profit (loss) | 9901 | €14,625 | €16,727 | +€2,102 | +14.4% |
| Financial income | 75/76B | €25 | €0 | -€24 | -98.7% |
| Recurring financial income | 75 | €25 | €0 | -€24 | -98.7% |
| Financial charges | 65/66B | €1,462 | €960 | -€502 | -34.3% |
| Recurring financial charges | 65 | €1,462 | €960 | -€502 | -34.3% |
| Profit (loss) for the period before taxes | 9903 | €13,187 | €15,767 | +€2,580 | +19.6% |
| Income taxes | 67/77 | €2,996 | €3,552 | +€556 | +18.6% |
| Profit (loss) for the period | 9904 | €10,191 | €12,214 | +€2,023 | +19.9% |
| Profit (loss) for the period to be appropriated | 9905 | €10,191 | €12,214 | +€2,023 | +19.9% |
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 13 October 2026 via checked.be.