ELECTRICA: 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.
ELECTRICA
Largest movements
- Stocks and contracts +€6,144
up €6,144 (+12.6%), from €48,652 to €54,796
- Receivables within one year -€4,558
down €4,558 (-16.0%), from €28,576 to €24,018
of which Trade receivables: -€5,019
- Cash -€3,641
down €3,641 (-2.5%), from €144,760 to €141,119
mainly Investment in fixed assets (net) (-€6,374) and Stocks and contracts (-€6,144)
No liability line moved by more than 1% of the balance sheet total.
- Turnover -€27,674
down €27,674 (-19.7%), from €140,772 to €113,098
- Gross operating margin +€8,273
up €8,273 (+65.4%), from €12,645 to €20,918
- Depreciation +€6,144
new in 2025: €6,144
- Write-downs +€4,098
no longer reported in 2025 (was -€4,098)
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 | €222,448 | €220,623 | -€1,825 | -0.8% |
| Formation expenses | 20 | - | €460 | +€460 | |
| Fixed assets | 21/28 | €460 | €230 | -€230 | -50.0% |
| Tangible fixed assets | 22/27 | €460 | €230 | -€230 | -50.0% |
| Furniture and vehicles | 24 | €460 | €230 | -€230 | -50.0% |
| Current assets | 29/58 | €221,988 | €219,933 | -€2,055 | -0.9% |
| Stocks and contracts in progress | 3 | €48,652 | €54,796 | +€6,144 | +12.6% |
| Stocks | 30/36 | €48,652 | €54,796 | +€6,144 | +12.6% |
| Amounts receivable within one year | 40/41 | €28,576 | €24,018 | -€4,558 | -16.0% |
| Trade receivables | 40 | €28,051 | €23,032 | -€5,019 | -17.9% |
| Other amounts receivable | 41 | €525 | €986 | +€461 | +87.8% |
| Cash at bank and in hand | 54/58 | €144,760 | €141,119 | -€3,641 | -2.5% |
| Total equity and liabilities | 10/49 | €222,448 | €220,623 | -€1,825 | -0.8% |
| Equity | 10/15 | €218,070 | €218,204 | +€134 | +0.1% |
| Reserves | 13 | €217,277 | €218,070 | +€793 | +0.4% |
| Non-distributable reserves | 130/1 | €36,443 | €36,443 | = | 0.0% |
| Legal reserve | 130 | €36,443 | €36,443 | = | 0.0% |
| Distributable reserves | 133 | €180,834 | €181,627 | +€793 | +0.4% |
| Profit (loss) carried forward | 14 | €793 | €134 | -€659 | -83.1% |
| Amounts payable | 17/49 | €4,378 | €2,419 | -€1,959 | -44.7% |
| Amounts payable within one year | 42/48 | €4,378 | €2,419 | -€1,959 | -44.7% |
| Trade debts | 44 | €4,378 | €2,322 | -€2,056 | -47.0% |
| Suppliers | 440/4 | €4,378 | €2,322 | -€2,056 | -47.0% |
| Advances received on contracts in progress | 46 | - | €97 | +€97 | |
| Turnover | 70 | €140,772 | €113,098 | -€27,674 | -19.7% |
| Remuneration, social security and pensions | 62 | €15,950 | €14,640 | -€1,310 | -8.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €6,144 | +€6,144 | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€4,098 | - | +€4,098 | |
| Gross operating margin | 9900 | €12,645 | €20,918 | +€8,273 | +65.4% |
| Operating profit (loss) | 9901 | €793 | €134 | -€659 | -83.1% |
| Profit (loss) for the period before taxes | 9903 | €793 | €134 | -€659 | -83.1% |
| Profit (loss) for the period | 9904 | €793 | €134 | -€659 | -83.1% |
| Profit (loss) for the period to be appropriated | 9905 | €793 | €134 | -€659 | -83.1% |
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 20 October 2026 via checked.be.