Electric Drive: 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.
Electric Drive
Largest movements
- Cash -€116,684
down €116,684 (-99.8%), from €116,888 to €204
mainly Current portion of long-term debt (-€112,282) and Trade debts (-€101,452)
- Receivables within one year -€36,411
down €36,411 (-47.9%), from €75,956 to €39,545
of which Other amounts receivable: -€30,208
- Stocks and contracts -€21,331
down €21,331 (-18.9%), from €113,036 to €91,705
- Current portion of long-term debt -€112,282
down €112,282 (-48.3%), from €232,272 to €119,990
- Trade debts -€101,452
down €101,452 (-100.0%), from €101,452 to €0
- Profit (loss) carried forward +€45,676
up €45,676 (+24.6%), from -€185,515 to -€139,839
- Advances received +€11,614
new in 2025: €11,614
- Debts after one year -€9,194
down €9,194 (-100.0%), from €9,194 to €0
- Write-downs -€19,505
down €19,505 (-56.5%), from €34,505 to €15,000
- Depreciation -€16,406
down €16,406 (-86.2%), from €19,037 to €2,630
- Financial charges -€3,089
down €3,089 (-14.4%), from €21,480 to €18,391
- Taxes +€1,700
up €1,700, from -€1,700 to €0
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 | €360,685 | €183,629 | -€177,055 | -49.1% |
| Fixed assets | 21/28 | €54,805 | €52,175 | -€2,630 | -4.8% |
| Tangible fixed assets | 22/27 | €27,270 | €24,640 | -€2,630 | -9.6% |
| Plant, machinery and equipment | 23 | €4,917 | €2,416 | -€2,501 | -50.9% |
| Furniture and vehicles | 24 | €22,353 | €22,224 | -€129 | -0.6% |
| Financial fixed assets | 28 | €27,534 | €27,534 | = | 0.0% |
| Current assets | 29/58 | €305,880 | €131,455 | -€174,425 | -57.0% |
| Stocks and contracts in progress | 3 | €113,036 | €91,705 | -€21,331 | -18.9% |
| Stocks | 30/36 | €113,036 | €91,705 | -€21,331 | -18.9% |
| Amounts receivable within one year | 40/41 | €75,956 | €39,545 | -€36,411 | -47.9% |
| Trade receivables | 40 | €20,748 | €14,545 | -€6,203 | -29.9% |
| Other amounts receivable | 41 | €55,208 | €25,000 | -€30,208 | -54.7% |
| Cash at bank and in hand | 54/58 | €116,888 | €204 | -€116,684 | -99.8% |
| Total equity and liabilities | 10/49 | €360,685 | €183,629 | -€177,055 | -49.1% |
| Equity | 10/15 | -€53,055 | -€7,379 | +€45,676 | +86.1% |
| Contributions | 10/11 | €43,600 | €43,600 | = | 0.0% |
| Reserves | 13 | €88,860 | €88,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €4,360 | €4,360 | = | 0.0% |
| Reserves not available under the articles | 1311 | €4,360 | €4,360 | = | 0.0% |
| Distributable reserves | 133 | €84,500 | €84,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€185,515 | -€139,839 | +€45,676 | +24.6% |
| Amounts payable | 17/49 | €413,739 | €191,008 | -€222,732 | -53.8% |
| Amounts payable after more than one year | 17 | €9,194 | €0 | -€9,194 | -100.0% |
| Financial debts | 170/4 | €9,194 | €0 | -€9,194 | -100.0% |
| Amounts payable within one year | 42/48 | €404,546 | €191,008 | -€213,538 | -52.8% |
| Current portion of amounts payable after more than one year | 42 | €232,272 | €119,990 | -€112,282 | -48.3% |
| Financial debts | 43 | €0 | - | = | |
| Other loans | 439 | €0 | - | = | |
| Trade debts | 44 | €101,452 | €0 | -€101,452 | -100.0% |
| Suppliers | 440/4 | €101,452 | €0 | -€101,452 | -100.0% |
| Advances received on contracts in progress | 46 | - | €11,614 | +€11,614 | |
| Taxes, remuneration and social security | 45 | €6,966 | €1,406 | -€5,560 | -79.8% |
| Taxes | 450/3 | €6,966 | €1,406 | -€5,560 | -79.8% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €63,856 | €57,998 | -€5,858 | -9.2% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,037 | €2,630 | -€16,406 | -86.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €34,505 | €15,000 | -€19,505 | -56.5% |
| Other operating charges | 640/8 | €3,687 | €3,180 | -€507 | -13.8% |
| Gross operating margin | 9900 | €84,194 | €84,877 | +€684 | +0.8% |
| Operating profit (loss) | 9901 | €26,966 | €64,067 | +€37,102 | +137.6% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100.0% |
| Financial charges | 65/66B | €21,480 | €18,391 | -€3,089 | -14.4% |
| Recurring financial charges | 65 | €21,480 | €18,391 | -€3,089 | -14.4% |
| Profit (loss) for the period before taxes | 9903 | €5,486 | €45,676 | +€40,191 | +732.6% |
| Income taxes | 67/77 | -€1,700 | €0 | +€1,700 | |
| Profit (loss) for the period | 9904 | €7,186 | €45,676 | +€38,491 | +535.7% |
| Profit (loss) for the period to be appropriated | 9905 | €7,186 | €45,676 | +€38,491 | +535.7% |
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 6 October 2026 via checked.be.