ELECTRO: 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.
ELECTRO
Largest movements
- Receivables within one year -€192,659
down €192,659 (-89.5%), from €215,276 to €22,617
of which Trade receivables: -€188,098
- Tangible fixed assets -€75,745
down €75,745 (-19.3%), from €392,028 to €316,283
of which Plant, machinery and equipment: -€64,761
- Stocks and contracts -€59,096
down €59,096 (-14.5%), from €406,365 to €347,268
- Trade debts -€302,637
down €302,637 (-66.2%), from €457,115 to €154,478
- Tax, wage and social debts +€48,301
up €48,301 (+49.3%), from €98,026 to €146,327
of which Taxes: +€44,630
- Debts after one year -€47,793
down €47,793 (-23.8%), from €201,069 to €153,276
- Current portion of long-term debt -€28,095
down €28,095 (-37.0%), from €75,888 to €47,793
- Other debts -€10,732
down €10,732 (-7.1%), from €151,807 to €141,075
- Gross operating margin +€40,926
up €40,926 (+16.5%), from €248,493 to €289,418
- Staff costs +€16,580
up €16,580 (+9.8%), from €169,862 to €186,442
- Depreciation -€3,473
down €3,473 (-3.9%), from €87,988 to €84,515
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.
Cash bridge derived
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 | €1,021,154 | €692,739 | -€328,415 | -32.2% |
| Fixed assets | 21/28 | €399,191 | €322,247 | -€76,943 | -19.3% |
| Intangible fixed assets | 21 | €4,273 | €3,075 | -€1,198 | -28.0% |
| Tangible fixed assets | 22/27 | €392,028 | €316,283 | -€75,745 | -19.3% |
| Plant, machinery and equipment | 23 | €361,841 | €297,080 | -€64,761 | -17.9% |
| Furniture and vehicles | 24 | €30,187 | €19,203 | -€10,984 | -36.4% |
| Financial fixed assets | 28 | €2,889 | €2,889 | = | 0.0% |
| Current assets | 29/58 | €621,963 | €370,491 | -€251,472 | -40.4% |
| Stocks and contracts in progress | 3 | €406,365 | €347,268 | -€59,096 | -14.5% |
| Stocks | 30/36 | €406,365 | €347,268 | -€59,096 | -14.5% |
| Amounts receivable within one year | 40/41 | €215,276 | €22,617 | -€192,659 | -89.5% |
| Trade receivables | 40 | €210,370 | €22,272 | -€188,098 | -89.4% |
| Other amounts receivable | 41 | €4,906 | €345 | -€4,561 | -93.0% |
| Cash at bank and in hand | 54/58 | €222 | €606 | +€384 | +173.2% |
| Deferred charges and accrued income | 490/1 | €100 | - | -€100 | |
| Total equity and liabilities | 10/49 | €1,021,154 | €692,739 | -€328,415 | -32.2% |
| Equity | 10/15 | -€6 | €4,647 | +€4,653 | |
| Contributions | 10/11 | €162,000 | €162,000 | = | 0.0% |
| Capital | 10 | €162,000 | €162,000 | = | 0.0% |
| Issued capital | 100 | €162,000 | €162,000 | = | 0.0% |
| Reserves | 13 | €12,076 | €12,076 | = | 0.0% |
| Non-distributable reserves | 130/1 | €10,300 | €10,300 | = | 0.0% |
| Legal reserve | 130 | €10,300 | €10,300 | = | 0.0% |
| Distributable reserves | 133 | €1,776 | €1,776 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€174,082 | -€169,428 | +€4,653 | +2.7% |
| Amounts payable | 17/49 | €1,021,160 | €688,091 | -€333,068 | -32.6% |
| Amounts payable after more than one year | 17 | €201,069 | €153,276 | -€47,793 | -23.8% |
| Financial debts | 170/4 | €201,069 | €153,276 | -€47,793 | -23.8% |
| Amounts payable within one year | 42/48 | €819,633 | €534,349 | -€285,284 | -34.8% |
| Current portion of amounts payable after more than one year | 42 | €75,888 | €47,793 | -€28,095 | -37.0% |
| Financial debts | 43 | €36,798 | €44,677 | +€7,879 | +21.4% |
| Credit institutions | 430/8 | €36,798 | €44,677 | +€7,879 | +21.4% |
| Trade debts | 44 | €457,115 | €154,478 | -€302,637 | -66.2% |
| Suppliers | 440/4 | €457,115 | €154,478 | -€302,637 | -66.2% |
| Taxes, remuneration and social security | 45 | €98,026 | €146,327 | +€48,301 | +49.3% |
| Taxes | 450/3 | €66,523 | €111,152 | +€44,630 | +67.1% |
| Remuneration and social security | 454/9 | €31,503 | €35,174 | +€3,671 | +11.7% |
| Other amounts payable | 47/48 | €151,807 | €141,075 | -€10,732 | -7.1% |
| Accrued charges and deferred income | 492/3 | €458 | €466 | +€8 | +1.8% |
| Non-recurring operating income | 76A | €11,962 | €79,637 | +€67,675 | +565.8% |
| Remuneration, social security and pensions | 62 | €169,862 | €186,442 | +€16,580 | +9.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €87,988 | €84,515 | -€3,473 | -3.9% |
| Other operating charges | 640/8 | €2,523 | €1,922 | -€601 | -23.8% |
| Gross operating margin | 9900 | €248,493 | €289,418 | +€40,926 | +16.5% |
| Operating profit (loss) | 9901 | -€11,880 | €16,539 | +€28,419 | |
| Financial income | 75/76B | €8,112 | €9,262 | +€1,150 | +14.2% |
| Recurring financial income | 75 | €8,112 | €9,262 | +€1,150 | +14.2% |
| Financial charges | 65/66B | €19,721 | €21,148 | +€1,427 | +7.2% |
| Recurring financial charges | 65 | €19,721 | €21,148 | +€1,427 | +7.2% |
| Profit (loss) for the period before taxes | 9903 | -€23,489 | €4,653 | +€28,142 | |
| Profit (loss) for the period | 9904 | -€23,489 | €4,653 | +€28,142 | |
| Profit (loss) for the period to be appropriated | 9905 | -€23,489 | €4,653 | +€28,142 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.