Electrify Europe: what changed
What changed
Electrify Europe
NACE 27.110, Manufacture of electrical equipment
filed annual accounts (NBB)
Net result for the year
-€82,626
2024 · €70,753-€153,378
Equity
€370,618
2024 · €188,244+€182,374
Cash
€13,643
2024 · €13,822-€179
Balance sheet total
€885,192
2024 · €400,922+€484,271
Largest movements
Assets
- Stocks and contracts +€234,485
up €234,485 (+201%), from €116,751 to €351,235
- Receivables within one year +€106,304
up €106,304 (+91.0%), from €116,772 to €223,075
of which Trade receivables: +€108,403
- Intangible fixed assets +€84,257
up €84,257 (+9,192%), from €917 to €85,174
- Tangible fixed assets +€55,223
up €55,223 (+38.9%), from €141,906 to €197,128
of which Furniture and vehicles: +€55,933
Equity and liabilities
- Contributions +€265,000
up €265,000 (+322%), from €82,360 to €347,360
- Trade debts +€130,989
up €130,989 (+150%), from €87,134 to €218,123
- Debts after one year +€84,779
up €84,779 (+196%), from €43,153 to €127,932
- Profit (loss) carried forward -€82,626
down €82,626 (-78.7%), from €104,939 to €22,314
- Short-term financial debts +€44,276
up €44,276 (+295%), from €15,000 to €59,276
Income statement
- Gross operating margin -€82,347
down €82,347 (-39.4%), from €208,961 to €126,614
- Staff costs +€35,582
up €35,582 (+39.0%), from €91,169 to €126,751
- Depreciation +€33,389
up €33,389 (+151%), from €22,075 to €55,464
- Taxes -€24,128
down €24,128 (-98.5%), from €24,506 to €378
- Financial charges +€15,359
up €15,359 (+851%), from €1,804 to €17,163
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€70,753
Gross operating margin
-€82,347
Staff costs
-€35,582
Depreciation
-€33,389
Other operating charges
-€9,173
Financial income
-€1,656
Financial charges
-€15,359
Taxes
+€24,128
Result 2025
-€82,626
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€227,267
Investment
-€194,944
Financing
+€422,032
Cash 2024
€13,822
From operations (derived)
-€227,267
Net result for the year
-€82,626
Depreciation
+€55,464
Stocks and contracts
-€234,485
Receivables within one year
-€106,304
Deferred charges and accrued income
-€4,182
Trade debts
+€130,989
Tax, wage and social debts
+€2,537
Other debts
+€11,338
Investment (derived)
-€194,944
Investment in fixed assets (net)
-€194,944
Financing
+€422,032
Debts after one year
+€84,779
Current portion of long-term debt
+€27,977
Short-term financial debts
+€44,276
Contributions, distributions and other
+€265,000
Cash 2025
€13,643
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €400,922 | €885,192 | +€484,271 | +121% |
| Fixed assets | 21/28 | €143,072 | €282,552 | +€139,479 | +97.5% |
| Intangible fixed assets | 21 | €917 | €85,174 | +€84,257 | +9,192% |
| Tangible fixed assets | 22/27 | €141,906 | €197,128 | +€55,223 | +38.9% |
| Land and buildings | 22 | €47,646 | €42,835 | -€4,811 | -10.1% |
| Plant, machinery and equipment | 23 | €20,657 | €24,251 | +€3,595 | +17.4% |
| Furniture and vehicles | 24 | €44,239 | €100,172 | +€55,933 | +126% |
| Other tangible fixed assets | 26 | €29,364 | €29,870 | +€507 | +1.7% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €257,849 | €602,641 | +€344,791 | +134% |
| Stocks and contracts in progress | 3 | €116,751 | €351,235 | +€234,485 | +201% |
| Stocks | 30/36 | €116,751 | €351,235 | +€234,485 | +201% |
| Amounts receivable within one year | 40/41 | €116,772 | €223,075 | +€106,304 | +91.0% |
| Trade receivables | 40 | €99,489 | €207,892 | +€108,403 | +109% |
| Other amounts receivable | 41 | €17,283 | €15,184 | -€2,099 | -12.1% |
| Cash at bank and in hand | 54/58 | €13,822 | €13,643 | -€179 | -1.3% |
| Deferred charges and accrued income | 490/1 | €10,506 | €14,687 | +€4,182 | +39.8% |
| Total equity and liabilities | 10/49 | €400,922 | €885,192 | +€484,271 | +121% |
| Equity | 10/15 | €188,244 | €370,618 | +€182,374 | +96.9% |
| Contributions | 10/11 | €82,360 | €347,360 | +€265,000 | +322% |
| Reserves | 13 | €944 | €944 | = | 0.0% |
| Tax-exempt reserves | 132 | €944 | €944 | = | 0.0% |
| Profit (loss) carried forward | 14 | €104,939 | €22,314 | -€82,626 | -78.7% |
| Amounts payable | 17/49 | €212,678 | €514,574 | +€301,896 | +142% |
| Amounts payable after more than one year | 17 | €43,153 | €127,932 | +€84,779 | +196% |
| Financial debts | 170/4 | €43,153 | €127,932 | +€84,779 | +196% |
| Amounts payable within one year | 42/48 | €169,525 | €386,642 | +€217,117 | +128% |
| Current portion of amounts payable after more than one year | 42 | €18,255 | €46,232 | +€27,977 | +153% |
| Financial debts | 43 | €15,000 | €59,276 | +€44,276 | +295% |
| Credit institutions | 430/8 | €15,000 | €59,276 | +€44,276 | +295% |
| Trade debts | 44 | €87,134 | €218,123 | +€130,989 | +150% |
| Suppliers | 440/4 | €87,134 | €218,123 | +€130,989 | +150% |
| Taxes, remuneration and social security | 45 | €21,855 | €24,393 | +€2,537 | +11.6% |
| Taxes | 450/3 | €11,088 | €17,198 | +€6,110 | +55.1% |
| Remuneration and social security | 454/9 | €10,767 | €7,195 | -€3,572 | -33.2% |
| Other amounts payable | 47/48 | €27,281 | €38,619 | +€11,338 | +41.6% |
| Remuneration, social security and pensions | 62 | €91,169 | €126,751 | +€35,582 | +39.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,075 | €55,464 | +€33,389 | +151% |
| Other operating charges | 640/8 | €310 | €9,483 | +€9,173 | +2,959% |
| Gross operating margin | 9900 | €208,961 | €126,614 | -€82,347 | -39.4% |
| Operating profit (loss) | 9901 | €95,407 | -€65,085 | -€160,492 | |
| Financial income | 75/76B | €1,656 | €0 | -€1,656 | -100% |
| Recurring financial income | 75 | €1,656 | €0 | -€1,656 | -100% |
| Financial charges | 65/66B | €1,804 | €17,163 | +€15,359 | +851% |
| Recurring financial charges | 65 | €1,804 | €17,163 | +€15,359 | +851% |
| Profit (loss) for the period before taxes | 9903 | €95,259 | -€82,248 | -€177,506 | |
| Income taxes | 67/77 | €24,506 | €378 | -€24,128 | -98.5% |
| Profit (loss) for the period | 9904 | €70,753 | -€82,626 | -€153,378 | |
| Profit (loss) for the period to be appropriated | 9905 | €70,753 | -€82,626 | -€153,378 |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.