ELECTRICITEITSWERKEN BAETS PATRICK: 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.
What changed
ELECTRICITEITSWERKEN BAETS PATRICK
NACE 47.621, Retail sale of newspapers and periodicals
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€28,903
2024 · €30,083-€1,180
Equity
€215,875
2024 · €186,972+€28,903
Cash
€136,123
2024 · €128,894+€7,229
Balance sheet total
€623,609
2024 · €608,917+€14,693
Largest movements
Assets
- Receivables within one year +€8,288
up €8,288 (+173%), from €4,778 to €13,066
of which Other amounts receivable: +€7,109
- Cash +€7,229
up €7,229 (+5.6%), from €128,894 to €136,123
mainly Depreciation (+€45,755) and Net result for the year (+€28,903)
Equity and liabilities
- Reserves +€32,464
up €32,464 (+22.8%), from €142,211 to €174,675
of which Distributable reserves: +€17,504
- Trade debts -€9,063
down €9,063 (-20.5%), from €44,176 to €35,113
Income statement
- Taxes -€7,634
down €7,634 (-66.1%), from €11,553 to €3,918
- Depreciation +€7,201
up €7,201 (+18.7%), from €38,554 to €45,755
- Gross operating margin +€2,673
up €2,673 (+1.9%), from €141,724 to €144,397
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.
Result 2024
€30,083
Gross operating margin
+€2,673
Staff costs
-€554
Depreciation
-€7,201
Other operating charges
-€571
Financial income
-€69
Financial charges
+€647
Taxes
+€7,634
Deferred taxes and other
-€3,740
Result 2025
€28,903
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€61,139
Investment
-€48,006
Financing
-€5,903
Cash 2024
€128,894
From operations (derived)
+€61,139
Net result for the year
+€28,903
Depreciation
+€45,755
Stocks and contracts
+€5,145
Receivables within one year
-€8,288
Deferred charges and accrued income
-€2,068
Provisions
+€3,740
Trade debts
-€9,063
Tax, wage and social debts
-€769
Other debts
-€496
Accrued charges and deferred income
-€1,719
Investment (derived)
-€48,006
Investment in fixed assets (net)
-€48,006
Financing
-€5,903
Debts after one year
-€5,941
Current portion of long-term debt
+€38
Cash 2025
€136,123
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €608,917 | €623,609 | +€14,693 | +2.4% |
| Fixed assets | 21/28 | €412,776 | €415,028 | +€2,252 | +0.5% |
| Intangible fixed assets | 21 | €3,750 | €0 | -€3,750 | -100% |
| Tangible fixed assets | 22/27 | €408,116 | €414,068 | +€5,952 | +1.5% |
| Land and buildings | 22 | €357,406 | €329,333 | -€28,073 | -7.9% |
| Plant, machinery and equipment | 23 | €13,614 | €11,463 | -€2,151 | -15.8% |
| Furniture and vehicles | 24 | €37,097 | €73,272 | +€36,175 | +97.5% |
| Financial fixed assets | 28 | €910 | €960 | +€50 | +5.5% |
| Current assets | 29/58 | €196,140 | €208,582 | +€12,441 | +6.3% |
| Stocks and contracts in progress | 3 | €55,088 | €49,944 | -€5,145 | -9.3% |
| Stocks | 30/36 | €55,088 | €49,944 | -€5,145 | -9.3% |
| Amounts receivable within one year | 40/41 | €4,778 | €13,066 | +€8,288 | +173% |
| Trade receivables | 40 | €3,339 | €4,518 | +€1,179 | +35.3% |
| Other amounts receivable | 41 | €1,439 | €8,548 | +€7,109 | +494% |
| Cash at bank and in hand | 54/58 | €128,894 | €136,123 | +€7,229 | +5.6% |
| Deferred charges and accrued income | 490/1 | €7,381 | €9,449 | +€2,068 | +28.0% |
| Total equity and liabilities | 10/49 | €608,917 | €623,609 | +€14,693 | +2.4% |
| Equity | 10/15 | €186,972 | €215,875 | +€28,903 | +15.5% |
| Contributions | 10/11 | €41,200 | €41,200 | = | 0.0% |
| Reserves | 13 | €142,211 | €174,675 | +€32,464 | +22.8% |
| Tax-exempt reserves | 132 | - | €14,960 | +€14,960 | |
| Distributable reserves | 133 | €142,211 | €159,715 | +€17,504 | +12.3% |
| Profit (loss) carried forward | 14 | €3,561 | €0 | -€3,561 | -100% |
| Provisions and deferred taxes | 16 | - | €3,740 | +€3,740 | |
| Deferred taxes | 168 | - | €3,740 | +€3,740 | |
| Amounts payable | 17/49 | €421,945 | €403,995 | -€17,950 | -4.3% |
| Amounts payable after more than one year | 17 | €183,960 | €178,019 | -€5,941 | -3.2% |
| Financial debts | 170/4 | €183,960 | €178,019 | -€5,941 | -3.2% |
| Amounts payable within one year | 42/48 | €221,412 | €211,122 | -€10,290 | -4.6% |
| Current portion of amounts payable after more than one year | 42 | €37,225 | €37,263 | +€38 | +0.1% |
| Trade debts | 44 | €44,176 | €35,113 | -€9,063 | -20.5% |
| Suppliers | 440/4 | €44,176 | €35,113 | -€9,063 | -20.5% |
| Taxes, remuneration and social security | 45 | €11,667 | €10,898 | -€769 | -6.6% |
| Taxes | 450/3 | €8,326 | €2,297 | -€6,029 | -72.4% |
| Remuneration and social security | 454/9 | €3,341 | €8,601 | +€5,260 | +157% |
| Other amounts payable | 47/48 | €128,344 | €127,848 | -€496 | -0.4% |
| Accrued charges and deferred income | 492/3 | €16,573 | €14,854 | -€1,719 | -10.4% |
| Non-recurring operating income | 76A | €0 | €22,000 | +€22,000 | |
| Remuneration, social security and pensions | 62 | €33,740 | €34,294 | +€554 | +1.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,554 | €45,755 | +€7,201 | +18.7% |
| Other operating charges | 640/8 | €3,712 | €4,282 | +€571 | +15.4% |
| Gross operating margin | 9900 | €141,724 | €144,397 | +€2,673 | +1.9% |
| Operating profit (loss) | 9901 | €65,718 | €60,066 | -€5,652 | -8.6% |
| Financial income | 75/76B | €163 | €94 | -€69 | -42.2% |
| Recurring financial income | 75 | €163 | €94 | -€69 | -42.2% |
| Financial charges | 65/66B | €24,245 | €23,598 | -€647 | -2.7% |
| Recurring financial charges | 65 | €24,245 | €23,598 | -€647 | -2.7% |
| Profit (loss) for the period before taxes | 9903 | €41,636 | €36,561 | -€5,074 | -12.2% |
| Transfer from deferred taxes | 780 | €0 | €660 | +€660 | |
| Transfer to deferred taxes | 680 | - | €4,400 | +€4,400 | |
| Income taxes | 67/77 | €11,553 | €3,918 | -€7,634 | -66.1% |
| Profit (loss) for the period | 9904 | €30,083 | €28,903 | -€1,180 | -3.9% |
| Transfer from tax-exempt reserves | 789 | €0 | €2,640 | +€2,640 | |
| Transfer to tax-exempt reserves | 689 | - | €17,600 | +€17,600 | |
| Profit (loss) for the period to be appropriated | 9905 | €30,083 | €13,943 | -€16,140 | -53.7% |
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.