ELECTRIC NAE: 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.
ELECTRIC NAE
Largest movements
- Stocks and contracts +€436,474
new in 2025: €436,474
- Deferred charges and accrued income +€89,958
up €89,958 (+2,292%), from €3,925 to €93,883
- Tangible fixed assets +€69,476
up €69,476 (+13.7%), from €508,955 to €578,431
of which Land and buildings: +€71,784
- Receivables within one year +€58,243
up €58,243 (+26.7%), from €218,150 to €276,393
of which Trade receivables: +€128,369
- Cash -€35,894
down €35,894 (-18.9%), from €190,126 to €154,232
mainly Stocks and contracts (-€436,474) and Contributions, distributions and other (-€344,350)
- Debts after one year +€358,760
up €358,760 (+113%), from €317,211 to €675,971
- Other debts +€324,372
up €324,372 (+324%), from €100,000 to €424,372
- Profit (loss) carried forward -€110,403
down €110,403 (-100%), from €110,403 to €0
- Current portion of long-term debt +€66,787
up €66,787 (+273%), from €24,471 to €91,259
- Tax, wage and social debts -€26,017
down €26,017 (-71.2%), from €36,518 to €10,501
of which Taxes: -€17,877
- Other operating charges -€36,377
down €36,377 (-90.5%), from €40,200 to €3,823
- Depreciation +€13,987
up €13,987 (+31.1%), from €44,938 to €58,925
- Financial charges +€13,813
up €13,813 (+153%), from €9,053 to €22,867
- Gross operating margin +€12,301
up €12,301 (+3.0%), from €404,818 to €417,119
- Staff costs +€10,255
up €10,255 (+44.6%), from €22,981 to €33,236
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 | €921,156 | €1,539,412 | +€618,256 | +67.1% |
| Fixed assets | 21/28 | €508,955 | €578,431 | +€69,476 | +13.7% |
| Tangible fixed assets | 22/27 | €508,955 | €578,431 | +€69,476 | +13.7% |
| Land and buildings | 22 | €351,235 | €423,019 | +€71,784 | +20.4% |
| Plant, machinery and equipment | 23 | €420 | €3,067 | +€2,647 | +630% |
| Furniture and vehicles | 24 | €157,300 | €152,346 | -€4,955 | -3.1% |
| Current assets | 29/58 | €412,201 | €960,981 | +€548,780 | +133% |
| Stocks and contracts in progress | 3 | - | €436,474 | +€436,474 | |
| Stocks | 30/36 | - | €436,474 | +€436,474 | |
| Amounts receivable within one year | 40/41 | €218,150 | €276,393 | +€58,243 | +26.7% |
| Trade receivables | 40 | €65,772 | €194,141 | +€128,369 | +195% |
| Other amounts receivable | 41 | €152,378 | €82,252 | -€70,126 | -46.0% |
| Cash at bank and in hand | 54/58 | €190,126 | €154,232 | -€35,894 | -18.9% |
| Deferred charges and accrued income | 490/1 | €3,925 | €93,883 | +€89,958 | +2,292% |
| Total equity and liabilities | 10/49 | €921,156 | €1,539,412 | +€618,256 | +67.1% |
| Equity | 10/15 | €295,833 | €185,430 | -€110,403 | -37.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €166,830 | €166,830 | = | 0.0% |
| Distributable reserves | 133 | €166,830 | €166,830 | = | 0.0% |
| Profit (loss) carried forward | 14 | €110,403 | €0 | -€110,403 | -100% |
| Amounts payable | 17/49 | €625,324 | €1,353,982 | +€728,659 | +117% |
| Amounts payable after more than one year | 17 | €317,211 | €675,971 | +€358,760 | +113% |
| Financial debts | 170/4 | €317,211 | €675,971 | +€358,760 | +113% |
| Amounts payable within one year | 42/48 | €308,113 | €678,012 | +€369,899 | +120% |
| Current portion of amounts payable after more than one year | 42 | €24,471 | €91,259 | +€66,787 | +273% |
| Trade debts | 44 | €147,124 | €151,881 | +€4,757 | +3.2% |
| Suppliers | 440/4 | €147,124 | €151,881 | +€4,757 | +3.2% |
| Taxes, remuneration and social security | 45 | €36,518 | €10,501 | -€26,017 | -71.2% |
| Taxes | 450/3 | €21,787 | €3,910 | -€17,877 | -82.1% |
| Remuneration and social security | 454/9 | €14,731 | €6,591 | -€8,140 | -55.3% |
| Other amounts payable | 47/48 | €100,000 | €424,372 | +€324,372 | +324% |
| Turnover | 70 | €0 | - | = | |
| Goods, raw materials, services and sundry goods | 60/61 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €22,981 | €33,236 | +€10,255 | +44.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,938 | €58,925 | +€13,987 | +31.1% |
| Other operating charges | 640/8 | €40,200 | €3,823 | -€36,377 | -90.5% |
| Gross operating margin | 9900 | €404,818 | €417,119 | +€12,301 | +3.0% |
| Operating profit (loss) | 9901 | €296,698 | €321,135 | +€24,437 | +8.2% |
| Financial income | 75/76B | €6,477 | €5,028 | -€1,450 | -22.4% |
| Recurring financial income | 75 | €6,477 | €5,028 | -€1,450 | -22.4% |
| Financial charges | 65/66B | €9,053 | €22,867 | +€13,813 | +153% |
| Recurring financial charges | 65 | €9,053 | €22,867 | +€13,813 | +153% |
| Profit (loss) for the period before taxes | 9903 | €294,122 | €303,296 | +€9,174 | +3.1% |
| Income taxes | 67/77 | €66,072 | €69,349 | +€3,277 | +5.0% |
| Profit (loss) for the period | 9904 | €228,050 | €233,947 | +€5,897 | +2.6% |
| Profit (loss) for the period to be appropriated | 9905 | €228,050 | €233,947 | +€5,897 | +2.6% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.