ELECTRICITE FERONT: 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.
ELECTRICITE FERONT
Largest movements
- Receivables within one year +€96,038
up €96,038 (+94.9%), from €101,171 to €197,209
of which Trade receivables: +€84,276
- Cash -€72,286
down €72,286 (-32.9%), from €219,787 to €147,501
mainly Receivables within one year (-€96,038) and Tax, wage and social debts (-€55,396)
- Stocks and contracts -€38,582
down €38,582 (-21.6%), from €178,461 to €139,879
- Tangible fixed assets -€35,939
down €35,939 (-8.9%), from €405,109 to €369,170
of which Furniture and vehicles: -€19,057
- Deferred charges and accrued income -€12,045
down €12,045 (-50.9%), from €23,649 to €11,604
- Tax, wage and social debts -€55,396
down €55,396 (-65.3%), from €84,889 to €29,493
of which Taxes: -€57,163
- Trade debts +€41,544
up €41,544 (+106%), from €39,266 to €80,810
- Advances received -€39,354
down €39,354 (-53.4%), from €73,630 to €34,277
- Debts after one year -€30,682
down €30,682 (-11.5%), from €266,871 to €236,188
- Reserves +€24,339
up €24,339 (+8.1%), from €300,140 to €324,479
of which Distributable reserves: +€24,339
- Gross operating margin +€16,671
up €16,671 (+5.4%), from €306,171 to €322,842
- Write-downs +€10,076
new in 2025: €10,076
- Depreciation -€5,919
down €5,919 (-12.2%), from €48,696 to €42,777
- Staff costs +€5,166
up €5,166 (+2.3%), from €227,525 to €232,690
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 | €928,517 | €865,702 | -€62,815 | -6.8% |
| Fixed assets | 21/28 | €405,448 | €369,509 | -€35,939 | -8.9% |
| Tangible fixed assets | 22/27 | €405,109 | €369,170 | -€35,939 | -8.9% |
| Land and buildings | 22 | €311,271 | €307,299 | -€3,972 | -1.3% |
| Plant, machinery and equipment | 23 | €14,146 | €8,045 | -€6,101 | -43.1% |
| Furniture and vehicles | 24 | €52,851 | €33,794 | -€19,057 | -36.1% |
| Leasing and similar rights | 25 | €24,717 | €18,170 | -€6,547 | -26.5% |
| Other tangible fixed assets | 26 | €2,124 | €1,862 | -€263 | -12.4% |
| Financial fixed assets | 28 | €339 | €339 | = | 0.0% |
| Current assets | 29/58 | €523,068 | €496,193 | -€26,876 | -5.1% |
| Stocks and contracts in progress | 3 | €178,461 | €139,879 | -€38,582 | -21.6% |
| Stocks | 30/36 | €178,461 | €139,879 | -€38,582 | -21.6% |
| Amounts receivable within one year | 40/41 | €101,171 | €197,209 | +€96,038 | +94.9% |
| Trade receivables | 40 | €83,152 | €167,429 | +€84,276 | +101% |
| Other amounts receivable | 41 | €18,019 | €29,780 | +€11,761 | +65.3% |
| Cash at bank and in hand | 54/58 | €219,787 | €147,501 | -€72,286 | -32.9% |
| Deferred charges and accrued income | 490/1 | €23,649 | €11,604 | -€12,045 | -50.9% |
| Total equity and liabilities | 10/49 | €928,517 | €865,702 | -€62,815 | -6.8% |
| Equity | 10/15 | €421,410 | €443,830 | +€22,419 | +5.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €300,140 | €324,479 | +€24,339 | +8.1% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €298,280 | €322,619 | +€24,339 | +8.2% |
| Profit (loss) carried forward | 14 | €94,591 | €94,591 | = | 0.0% |
| Investment grants | 15 | €20,480 | €18,560 | -€1,920 | -9.4% |
| Amounts payable | 17/49 | €507,106 | €421,872 | -€85,234 | -16.8% |
| Amounts payable after more than one year | 17 | €266,871 | €236,188 | -€30,682 | -11.5% |
| Financial debts | 170/4 | €266,871 | €236,188 | -€30,682 | -11.5% |
| Amounts payable within one year | 42/48 | €240,236 | €185,684 | -€54,552 | -22.7% |
| Current portion of amounts payable after more than one year | 42 | €32,165 | €30,680 | -€1,485 | -4.6% |
| Trade debts | 44 | €39,266 | €80,810 | +€41,544 | +106% |
| Suppliers | 440/4 | €39,266 | €80,810 | +€41,544 | +106% |
| Advances received on contracts in progress | 46 | €73,630 | €34,277 | -€39,354 | -53.4% |
| Taxes, remuneration and social security | 45 | €84,889 | €29,493 | -€55,396 | -65.3% |
| Taxes | 450/3 | €61,736 | €4,573 | -€57,163 | -92.6% |
| Remuneration and social security | 454/9 | €23,153 | €24,920 | +€1,768 | +7.6% |
| Other amounts payable | 47/48 | €10,285 | €10,423 | +€138 | +1.3% |
| Non-recurring operating income | 76A | - | €15,291 | +€15,291 | |
| Remuneration, social security and pensions | 62 | €227,525 | €232,690 | +€5,166 | +2.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,696 | €42,777 | -€5,919 | -12.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €10,076 | +€10,076 | |
| Other operating charges | 640/8 | €3,067 | €695 | -€2,372 | -77.3% |
| Gross operating margin | 9900 | €306,171 | €322,842 | +€16,671 | +5.4% |
| Operating profit (loss) | 9901 | €26,884 | €36,603 | +€9,719 | +36.2% |
| Financial income | 75/76B | €2,093 | €2,000 | -€93 | -4.5% |
| Recurring financial income | 75 | €2,093 | €2,000 | -€93 | -4.5% |
| Financial charges | 65/66B | €8,057 | €6,986 | -€1,071 | -13.3% |
| Recurring financial charges | 65 | €8,057 | €6,986 | -€1,071 | -13.3% |
| Profit (loss) for the period before taxes | 9903 | €20,920 | €31,617 | +€10,697 | +51.1% |
| Income taxes | 67/77 | €6,764 | €7,278 | +€514 | +7.6% |
| Profit (loss) for the period | 9904 | €14,156 | €24,339 | +€10,183 | +71.9% |
| Profit (loss) for the period to be appropriated | 9905 | €14,156 | €24,339 | +€10,183 | +71.9% |
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 23 October 2026 via checked.be.