ELECTRICOOL: 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.
ELECTRICOOL
Largest movements
- Cash -€104,299
down €104,299 (-63.0%), from €165,540 to €61,242
mainly Receivables within one year (-€45,297) and Net result for the year (-€32,160)
- Receivables within one year +€45,297
up €45,297 (+188.4%), from €24,046 to €69,343
of which Trade receivables: +€44,135
- Tangible fixed assets -€10,606
down €10,606 (-10.2%), from €103,582 to €92,976
of which Furniture and vehicles: -€13,843
- Profit (loss) carried forward -€32,160
down €32,160 (-40.6%), from €79,179 to €47,019
- Advances received -€12,207
down €12,207 (-95.6%), from €12,771 to €564
- Other debts -€11,294
down €11,294 (-14.6%), from €77,355 to €66,061
- Current portion of long-term debt -€9,203
down €9,203 (-55.9%), from €16,465 to €7,262
- Debts after one year -€7,822
down €7,822 (-13.6%), from €57,699 to €49,876
- Gross operating margin -€93,429
down €93,429 (-42.1%), from €221,882 to €128,454
- Staff costs +€58,437
up €58,437 (+75.7%), from €77,170 to €135,607
- Taxes -€25,391
no longer reported in 2024 (was €25,391)
- Depreciation -€2,527
down €2,527 (-13.1%), from €19,293 to €16,765
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €295,365 | €225,901 | -€69,465 | -23.5% |
| Fixed assets | 21/28 | €105,779 | €95,173 | -€10,606 | -10.0% |
| Tangible fixed assets | 22/27 | €103,582 | €92,976 | -€10,606 | -10.2% |
| Land and buildings | 22 | €46,000 | €46,000 | = | 0.0% |
| Plant, machinery and equipment | 23 | €4,472 | €6,262 | +€1,791 | +40.0% |
| Furniture and vehicles | 24 | €41,724 | €27,881 | -€13,843 | -33.2% |
| Assets under construction and advance payments | 27 | €11,386 | €12,833 | +€1,447 | +12.7% |
| Financial fixed assets | 28 | €2,197 | €2,197 | = | 0.0% |
| Current assets | 29/58 | €189,586 | €130,728 | -€58,859 | -31.0% |
| Amounts receivable within one year | 40/41 | €24,046 | €69,343 | +€45,297 | +188.4% |
| Trade receivables | 40 | €24,046 | €68,181 | +€44,135 | +183.5% |
| Other amounts receivable | 41 | - | €1,162 | +€1,162 | |
| Cash at bank and in hand | 54/58 | €165,540 | €61,242 | -€104,299 | -63.0% |
| Deferred charges and accrued income | 490/1 | - | €143 | +€143 | |
| Total equity and liabilities | 10/49 | €295,365 | €225,901 | -€69,465 | -23.5% |
| Equity | 10/15 | €85,379 | €53,219 | -€32,160 | -37.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €79,179 | €47,019 | -€32,160 | -40.6% |
| Amounts payable | 17/49 | €209,987 | €172,682 | -€37,305 | -17.8% |
| Amounts payable after more than one year | 17 | €57,699 | €49,876 | -€7,822 | -13.6% |
| Financial debts | 170/4 | €57,699 | €49,876 | -€7,822 | -13.6% |
| Amounts payable within one year | 42/48 | €152,288 | €122,805 | -€29,483 | -19.4% |
| Current portion of amounts payable after more than one year | 42 | €16,465 | €7,262 | -€9,203 | -55.9% |
| Financial debts | 43 | - | €11 | +€11 | |
| Credit institutions | 430/8 | - | €11 | +€11 | |
| Trade debts | 44 | €10,562 | €13,289 | +€2,727 | +25.8% |
| Suppliers | 440/4 | €10,562 | €13,289 | +€2,727 | +25.8% |
| Advances received on contracts in progress | 46 | €12,771 | €564 | -€12,207 | -95.6% |
| Taxes, remuneration and social security | 45 | €35,136 | €35,619 | +€483 | +1.4% |
| Taxes | 450/3 | €28,423 | €31,685 | +€3,262 | +11.5% |
| Remuneration and social security | 454/9 | €6,713 | €3,934 | -€2,779 | -41.4% |
| Other amounts payable | 47/48 | €77,355 | €66,061 | -€11,294 | -14.6% |
| Remuneration, social security and pensions | 62 | €77,170 | €135,607 | +€58,437 | +75.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,293 | €16,765 | -€2,527 | -13.1% |
| Other operating charges | 640/8 | €2,029 | €2,297 | +€268 | +13.2% |
| Gross operating margin | 9900 | €221,882 | €128,454 | -€93,429 | -42.1% |
| Operating profit (loss) | 9901 | €123,390 | -€26,216 | -€149,607 | |
| Financial income | 75/76B | €425 | €9 | -€416 | -97.8% |
| Recurring financial income | 75 | €425 | €9 | -€416 | -97.8% |
| Financial charges | 65/66B | €4,031 | €5,953 | +€1,921 | +47.7% |
| Recurring financial charges | 65 | €4,031 | €5,953 | +€1,921 | +47.7% |
| Profit (loss) for the period before taxes | 9903 | €119,784 | -€32,160 | -€151,944 | |
| Income taxes | 67/77 | €25,391 | - | -€25,391 | |
| Profit (loss) for the period | 9904 | €94,393 | -€32,160 | -€126,553 | |
| Profit (loss) for the period to be appropriated | 9905 | €94,393 | -€32,160 | -€126,553 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.