ELECTRO - A.V.: 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 - A.V.
NACE 46.431, Wholesale of electrical household appliances and audio-video equipment
fiscal year 2025 against 2026filed annual accounts (NBB)
Net result for the year
€2.3m
2025 · €1.1m+€1.2m
Equity
€23.4m
2025 · €22.7m+€700,962
Cash
€6.0m
2025 · €6.3m-€257,656
Balance sheet total
€33.1m
2025 · €36.4m-€3.3m
Largest movements
Assets
- Financial fixed assets -€2.1m
down €2.1m (-48.5%), from €4.3m to €2.2m
of which Affiliated companies: -€2.1m
- Stocks and contracts -€719,581
down €719,581 (-4.0%), from €18.2m to €17.5m
Equity and liabilities
- Debts after one year -€3.9m
down €3.9m (-49.2%), from €7.9m to €4.0m
- Profit (loss) carried forward +€1.8m
up €1.8m (+17.2%), from €10.6m to €12.4m
- Revaluation surpluses -€1.1m
no longer reported in 2026 (was €1.1m)
- Other debts +€494,970
up €494,970 (+5092.0%), from €9,721 to €504,691
- Trade debts -€445,333
down €445,333 (-17.4%), from €2.6m to €2.1m
Income statement
- Financial income +€3.5m
up €3.5m (+2147.8%), from €160,748 to €3.6m
- Turnover -€2.8m
down €2.8m (-7.0%), from €40.5m to €37.7m
- Goods and materials -€2.0m
down €2.0m (-7.2%), from €28.5m to €26.4m
of which Change in stocks: decrease (increase): -€2.5m
- Financial charges +€1.2m
up €1.2m (+389.3%), from €312,643 to €1.5m
of which Non-recurring financial charges: +€1.2m
From the 2025 result to the 2026 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 2025
€1.1m
Turnover
-€2.8m
Other operating income
-€136,024
Goods and materials
+€2.0m
Services and other goods
-€15,679
Staff costs
-€92,802
Depreciation
-€13,700
Write-downs
+€44,546
Provisions
-€192,632
Other operating charges
+€93,442
Other operating items
-€251,639
Financial income
+€3.5m
Financial charges
-€1.2m
Taxes
+€363,013
Result 2026
€2.3m
Cash bridge derived
Derived from the 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€3.4m
Investment
+€1.8m
Financing
-€5.5m
Cash 2025
€6.3m
From operations (derived)
+€3.4m
Net result for the year
+€2.3m
Depreciation
+€369,541
Stocks and contracts
+€719,581
Receivables within one year
+€63,507
Deferred charges and accrued income
+€83,203
Provisions
+€160,699
Trade debts
-€445,333
Tax, wage and social debts
-€191,851
Advances received
-€34,509
Other debts
+€494,970
Accrued charges and deferred income
-€96,867
Investment (derived)
+€1.8m
Investment in fixed assets (net)
+€1.8m
Financing
-€5.5m
Debts after one year
-€3.9m
Contributions, distributions and other
-€1.6m
Cash 2026
€6.0m
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €36,382,655 | €33,099,244 | -€3.3m | -9.0% |
| Fixed assets | 21/28 | €7,121,617 | €4,962,154 | -€2.2m | -30.3% |
| Intangible fixed assets | 21 | €140,867 | €90,272 | -€50,596 | -35.9% |
| Tangible fixed assets | 22/27 | €2,678,939 | €2,656,040 | -€22,899 | -0.9% |
| Land and buildings | 22 | €837,344 | €808,706 | -€28,638 | -3.4% |
| Plant, machinery and equipment | 23 | €184,538 | €240,052 | +€55,514 | +30.1% |
| Furniture and vehicles | 24 | €182,210 | €196,676 | +€14,466 | +7.9% |
| Other tangible fixed assets | 26 | €397,393 | €422,956 | +€25,563 | +6.4% |
| Assets under construction and advance payments | 27 | €1,077,454 | €987,650 | -€89,804 | -8.3% |
| Financial fixed assets | 28 | €4,301,811 | €2,215,842 | -€2.1m | -48.5% |
| Affiliated companies | 280/1 | €4,269,835 | €2,183,866 | -€2.1m | -48.9% |
| Participating interests | 280 | €4,001,763 | €1,718,043 | -€2.3m | -57.1% |
| Amounts receivable | 281 | €268,071 | €465,824 | +€197,752 | +73.8% |
| Other financial fixed assets | 284/8 | €31,976 | €31,976 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €31,976 | €31,976 | = | 0.0% |
| Current assets | 29/58 | €29,261,038 | €28,137,090 | -€1.1m | -3.8% |
| Stocks and contracts in progress | 3 | €18,211,526 | €17,491,944 | -€719,581 | -4.0% |
| Stocks | 30/36 | €18,211,526 | €17,491,944 | -€719,581 | -4.0% |
| Goods purchased for resale | 34 | €15,553,027 | €15,700,979 | +€147,951 | +1.0% |
| Advance payments | 36 | €2,658,499 | €1,790,966 | -€867,533 | -32.6% |
| Amounts receivable within one year | 40/41 | €4,465,815 | €4,402,308 | -€63,507 | -1.4% |
| Trade receivables | 40 | €4,064,618 | €3,891,097 | -€173,521 | -4.3% |
| Other amounts receivable | 41 | €401,197 | €511,210 | +€110,013 | +27.4% |
| Cash at bank and in hand | 54/58 | €6,290,129 | €6,032,473 | -€257,656 | -4.1% |
| Deferred charges and accrued income | 490/1 | €293,568 | €210,364 | -€83,203 | -28.3% |
| Total equity and liabilities | 10/49 | €36,382,655 | €33,099,244 | -€3.3m | -9.0% |
| Equity | 10/15 | €22,737,769 | €23,438,731 | +€700,962 | +3.1% |
| Contributions | 10/11 | €10,000,000 | €10,000,000 | = | 0.0% |
| Capital | 10 | €10,000,000 | €10,000,000 | = | 0.0% |
| Issued capital | 100 | €10,000,000 | €10,000,000 | = | 0.0% |
| Revaluation surpluses | 12 | €1,125,043 | - | -€1.1m | |
| Reserves | 13 | €1,000,000 | €1,000,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,000,000 | €1,000,000 | = | 0.0% |
| Legal reserve | 130 | €1,000,000 | €1,000,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €10,612,726 | €12,438,731 | +€1.8m | +17.2% |
| Provisions and deferred taxes | 16 | €1,927,752 | €2,088,451 | +€160,699 | +8.3% |
| Provisions for liabilities and charges | 160/5 | €1,927,752 | €2,088,451 | +€160,699 | +8.3% |
| Other liabilities and charges | 164/5 | €1,927,752 | €2,088,451 | +€160,699 | +8.3% |
| Amounts payable | 17/49 | €11,717,134 | €7,572,061 | -€4.1m | -35.4% |
| Amounts payable after more than one year | 17 | €7,863,778 | €3,992,296 | -€3.9m | -49.2% |
| Other amounts payable | 178/9 | €7,863,778 | €3,992,296 | -€3.9m | -49.2% |
| Amounts payable within one year | 42/48 | €3,616,376 | €3,439,653 | -€176,723 | -4.9% |
| Trade debts | 44 | €2,555,650 | €2,110,317 | -€445,333 | -17.4% |
| Suppliers | 440/4 | €2,555,650 | €2,110,317 | -€445,333 | -17.4% |
| Advances received on contracts in progress | 46 | €126,568 | €92,060 | -€34,509 | -27.3% |
| Taxes, remuneration and social security | 45 | €924,438 | €732,587 | -€191,851 | -20.8% |
| Taxes | 450/3 | €465,534 | €341,471 | -€124,062 | -26.6% |
| Remuneration and social security | 454/9 | €458,904 | €391,115 | -€67,789 | -14.8% |
| Other amounts payable | 47/48 | €9,721 | €504,691 | +€494,970 | +5092.0% |
| Accrued charges and deferred income | 492/3 | €236,979 | €140,112 | -€96,867 | -40.9% |
| Operating income | 70/76A | €42,814,214 | €39,604,377 | -€3.2m | -7.5% |
| Turnover | 70 | €40,516,393 | €37,694,219 | -€2.8m | -7.0% |
| Other operating income | 74 | €2,046,182 | €1,910,158 | -€136,024 | -6.6% |
| Non-recurring operating income | 76A | €251,639 | - | -€251,639 | |
| Operating charges | 60/66A | €41,219,580 | €39,358,565 | -€1.9m | -4.5% |
| Goods for resale, raw materials and consumables | 60 | €28,460,180 | €26,422,339 | -€2.0m | -7.2% |
| Purchases | 600/8 | €26,174,986 | €26,610,064 | +€435,078 | +1.7% |
| Change in stocks: decrease (increase) | 609 | €2,285,194 | -€187,725 | -€2.5m | |
| Services and other goods | 61 | €9,144,079 | €9,159,758 | +€15,679 | +0.2% |
| Remuneration, social security and pensions | 62 | €2,764,329 | €2,857,131 | +€92,802 | +3.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €355,840 | €369,541 | +€13,700 | +3.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €90,591 | €46,046 | -€44,546 | -49.2% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€31,933 | €160,699 | +€192,632 | |
| Other operating charges | 640/8 | €436,493 | €343,051 | -€93,442 | -21.4% |
| Operating profit (loss) | 9901 | €1,594,634 | €245,812 | -€1.3m | -84.6% |
| Financial income | 75/76B | €160,748 | €3,613,233 | +€3.5m | +2147.8% |
| Recurring financial income | 75 | €160,748 | €3,613,233 | +€3.5m | +2147.8% |
| Income from financial fixed assets | 750 | - | €3,497,624 | +€3.5m | |
| Other financial income | 752/9 | €160,748 | €115,609 | -€45,139 | -28.1% |
| Financial charges | 65/66B | €312,643 | €1,529,750 | +€1.2m | +389.3% |
| Recurring financial charges | 65 | €312,643 | €292,789 | -€19,855 | -6.4% |
| Debt charges | 650 | €44,547 | €41,934 | -€2,613 | -5.9% |
| Other financial charges | 652/9 | €268,097 | €250,855 | -€17,242 | -6.4% |
| Non-recurring financial charges | 66B | - | €1,236,961 | +€1.2m | |
| Profit (loss) for the period before taxes | 9903 | €1,442,738 | €2,329,296 | +€886,558 | +61.4% |
| Income taxes | 67/77 | €366,304 | €3,291 | -€363,013 | -99.1% |
| Taxes | 670/3 | €366,304 | €3,291 | -€363,013 | -99.1% |
| Profit (loss) for the period | 9904 | €1,076,435 | €2,326,006 | +€1.2m | +116.1% |
| Profit (loss) for the period to be appropriated | 9905 | €1,076,435 | €2,326,006 | +€1.2m | +116.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.