Electro 80: 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.
What changed
Electro 80
NACE 27.320, Manufacture of electrical equipment
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€1.3m
2024 · €2.1m-€767,937
Equity
€6.7m
2024 · €5.5m+€1.2m
Cash
€1.6m
2024 · €1.6m-€86,533
Balance sheet total
€10.3m
2024 · €9.6m+€700,694
Largest movements
Assets
- Stocks and contracts +€730,588
up €730,588 (+23.9%), from €3.1m to €3.8m
- Tangible fixed assets +€416,297
up €416,297 (+84.1%), from €494,712 to €911,009
of which Leasing and similar rights: +€302,719
- Receivables within one year -€363,531
down €363,531 (-9.5%), from €3.8m to €3.5m
of which Other amounts receivable: -€737,293
Equity and liabilities
- Reserves +€1.2m
up €1.2m (+23.3%), from €5.2m to €6.4m
of which Distributable reserves: +€1.2m
- Trade debts -€222,197
down €222,197 (-9.7%), from €2.3m to €2.1m
- Current portion of long-term debt -€200,957
down €200,957 (-54.4%), from €369,189 to €168,232
- Debts after one year +€165,915
up €165,915 (+72.9%), from €227,512 to €393,427
- Advances received -€140,626
down €140,626 (-99.7%), from €141,096 to €470
Income statement
- Services and other goods +€817,781
up €817,781 (+29.6%), from €2.8m to €3.6m
- Staff costs +€542,421
up €542,421 (+15.5%), from €3.5m to €4.0m
- Turnover -€526,263
down €526,263 (-2.8%), from €18.7m to €18.2m
- Taxes -€274,713
down €274,713 (-36.9%), from €743,539 to €468,826
of which Taxes: -€275,498
- Other operating income +€263,130
up €263,130 (+123.8%), from €212,561 to €475,691
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
€2.1m
Turnover
-€526,263
Other operating income
+€263,130
Goods and materials
+€207,603
Services and other goods
-€817,781
Staff costs
-€542,421
Depreciation
-€23,907
Other operating charges
+€27,316
Other operating items
+€374,441
Financial income
-€51,133
Financial charges
+€46,365
Taxes
+€274,713
Result 2025
€1.3m
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.
From operations
+€864,946
Investment
-€677,140
Financing
-€274,338
Cash 2024
€1.6m
From operations (derived)
+€864,946
Net result for the year
+€1.3m
Depreciation
+€267,471
Stocks and contracts
-€730,588
Receivables within one year
+€363,531
Deferred charges and accrued income
-€10,500
Provisions
-€9,798
Trade debts
-€222,197
Tax, wage and social debts
+€50,353
Advances received
-€140,626
Other debts
+€21,371
Accrued charges and deferred income
-€36,139
Investment (derived)
-€677,140
Investment in fixed assets (net)
-€683,768
Current investments
+€6,628
Financing
-€274,338
Debts after one year
+€165,915
Current portion of long-term debt
-€200,957
Short-term financial debts
-€139,297
Contributions, distributions and other
-€100,000
Cash 2025
€1.6m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €9,628,523 | €10,329,217 | +€700,694 | +7.3% |
| Fixed assets | 21/28 | €494,712 | €911,009 | +€416,297 | +84.1% |
| Tangible fixed assets | 22/27 | €494,712 | €911,009 | +€416,297 | +84.1% |
| Land and buildings | 22 | €78,538 | €94,883 | +€16,345 | +20.8% |
| Plant, machinery and equipment | 23 | €199,689 | €161,392 | -€38,297 | -19.2% |
| Furniture and vehicles | 24 | €121,158 | €256,688 | +€135,530 | +111.9% |
| Leasing and similar rights | 25 | €95,326 | €398,046 | +€302,719 | +317.6% |
| Current assets | 29/58 | €9,133,811 | €9,418,209 | +€284,397 | +3.1% |
| Stocks and contracts in progress | 3 | €3,060,356 | €3,790,944 | +€730,588 | +23.9% |
| Stocks | 30/36 | €3,060,356 | €3,790,944 | +€730,588 | +23.9% |
| Work in progress | 32 | €569,804 | €1,100,094 | +€530,290 | +93.1% |
| Goods purchased for resale | 34 | €2,490,552 | €2,690,850 | +€200,298 | +8.0% |
| Amounts receivable within one year | 40/41 | €3,832,846 | €3,469,316 | -€363,531 | -9.5% |
| Trade receivables | 40 | €2,577,727 | €2,951,489 | +€373,762 | +14.5% |
| Other amounts receivable | 41 | €1,255,119 | €517,826 | -€737,293 | -58.7% |
| Current investments | 50/53 | €592,946 | €586,318 | -€6,628 | -1.1% |
| Other investments | 51/53 | €592,946 | €586,318 | -€6,628 | -1.1% |
| Cash at bank and in hand | 54/58 | €1,647,663 | €1,561,131 | -€86,533 | -5.3% |
| Deferred charges and accrued income | 490/1 | - | €10,500 | +€10,500 | |
| Total equity and liabilities | 10/49 | €9,628,523 | €10,329,217 | +€700,694 | +7.3% |
| Equity | 10/15 | €5,472,843 | €6,684,909 | +€1.2m | +22.1% |
| Contributions | 10/11 | €272,683 | €272,683 | = | 0.0% |
| Capital | 10 | €272,683 | €272,683 | = | 0.0% |
| Issued capital | 100 | €272,683 | €272,683 | = | 0.0% |
| Reserves | 13 | €5,200,160 | €6,412,226 | +€1.2m | +23.3% |
| Non-distributable reserves | 130/1 | €43,320 | €43,320 | = | 0.0% |
| Legal reserve | 130 | €27,268 | €27,268 | = | 0.0% |
| Reserves not available under the articles | 1311 | €16,052 | €16,052 | = | 0.0% |
| Tax-exempt reserves | 132 | €24,977 | €5,949 | -€19,027 | -76.2% |
| Distributable reserves | 133 | €5,131,863 | €6,362,957 | +€1.2m | +24.0% |
| Provisions and deferred taxes | 16 | €9,798 | - | -€9,798 | |
| Deferred taxes | 168 | €9,798 | - | -€9,798 | |
| Amounts payable | 17/49 | €4,145,883 | €3,644,308 | -€501,575 | -12.1% |
| Amounts payable after more than one year | 17 | €227,512 | €393,427 | +€165,915 | +72.9% |
| Financial debts | 170/4 | €227,512 | €393,427 | +€165,915 | +72.9% |
| Leasing and similar obligations | 172 | €51,209 | €301,388 | +€250,179 | +488.5% |
| Credit institutions | 173 | €176,302 | €92,039 | -€84,263 | -47.8% |
| Amounts payable within one year | 42/48 | €3,840,116 | €3,208,764 | -€631,352 | -16.4% |
| Current portion of amounts payable after more than one year | 42 | €369,189 | €168,232 | -€200,957 | -54.4% |
| Financial debts | 43 | €139,297 | - | -€139,297 | |
| Credit institutions | 430/8 | €139,297 | - | -€139,297 | |
| Trade debts | 44 | €2,296,702 | €2,074,505 | -€222,197 | -9.7% |
| Suppliers | 440/4 | €2,296,702 | €2,074,505 | -€222,197 | -9.7% |
| Advances received on contracts in progress | 46 | €141,096 | €470 | -€140,626 | -99.7% |
| Taxes, remuneration and social security | 45 | €456,871 | €507,224 | +€50,353 | +11.0% |
| Taxes | 450/3 | €64,918 | €86,671 | +€21,753 | +33.5% |
| Remuneration and social security | 454/9 | €391,953 | €420,553 | +€28,600 | +7.3% |
| Other amounts payable | 47/48 | €436,961 | €458,332 | +€21,371 | +4.9% |
| Accrued charges and deferred income | 492/3 | €78,255 | €42,117 | -€36,139 | -46.2% |
| Operating income | 70/76A | €19,099,365 | €19,210,673 | +€111,308 | +0.6% |
| Turnover | 70 | €18,730,955 | €18,204,691 | -€526,263 | -2.8% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | €155,849 | €530,290 | +€374,441 | +240.3% |
| Other operating income | 74 | €212,561 | €475,691 | +€263,130 | +123.8% |
| Operating charges | 60/66A | €16,284,293 | €17,433,483 | +€1.1m | +7.1% |
| Goods for resale, raw materials and consumables | 60 | €9,713,738 | €9,506,135 | -€207,603 | -2.1% |
| Purchases | 600/8 | €9,811,336 | €9,706,433 | -€104,903 | -1.1% |
| Change in stocks: decrease (increase) | 609 | -€97,599 | -€200,298 | -€102,700 | -105.2% |
| Services and other goods | 61 | €2,762,123 | €3,579,903 | +€817,781 | +29.6% |
| Remuneration, social security and pensions | 62 | €3,499,291 | €4,041,712 | +€542,421 | +15.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €243,564 | €267,471 | +€23,907 | +9.8% |
| Other operating charges | 640/8 | €65,577 | €38,262 | -€27,316 | -41.7% |
| Operating profit (loss) | 9901 | €2,815,072 | €1,777,190 | -€1.0m | -36.9% |
| Financial income | 75/76B | €91,836 | €40,703 | -€51,133 | -55.7% |
| Recurring financial income | 75 | €91,736 | €30,072 | -€61,663 | -67.2% |
| Income from current assets | 751 | €32,631 | €26,488 | -€6,143 | -18.8% |
| Other financial income | 752/9 | €59,104 | €3,584 | -€55,520 | -93.9% |
| Non-recurring financial income | 76B | €100 | €10,630 | +€10,530 | +10530.4% |
| Financial charges | 65/66B | €93,163 | €46,797 | -€46,365 | -49.8% |
| Recurring financial charges | 65 | €76,855 | €46,797 | -€30,058 | -39.1% |
| Debt charges | 650 | €50,445 | €32,915 | -€17,530 | -34.8% |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals) | 651 | €1,077 | €5,868 | +€4,792 | +445.1% |
| Other financial charges | 652/9 | €25,333 | €8,014 | -€17,319 | -68.4% |
| Non-recurring financial charges | 66B | €16,308 | - | -€16,308 | |
| Profit (loss) for the period before taxes | 9903 | €2,813,745 | €1,771,095 | -€1.0m | -37.1% |
| Transfer from deferred taxes | 780 | €9,798 | €9,798 | -€0 | 0.0% |
| Income taxes | 67/77 | €743,539 | €468,826 | -€274,713 | -36.9% |
| Taxes | 670/3 | €750,908 | €475,410 | -€275,498 | -36.7% |
| Tax adjustments and reversals of tax provisions | 77 | €7,369 | €6,584 | -€785 | -10.7% |
| Profit (loss) for the period | 9904 | €2,080,004 | €1,312,066 | -€767,937 | -36.9% |
| Transfer from tax-exempt reserves | 789 | €19,027 | €19,027 | -€0 | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €2,099,031 | €1,331,094 | -€767,937 | -36.6% |
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 7 October 2026 via checked.be.