ELECTRO ANECA: what changed
Two financial 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 ANECA
Largest movements
- Receivables within one year +€243,537
up €243,537 (+68.5%), from €355,473 to €599,011
of which Trade receivables: +€265,655
- Cash +€134,390
up €134,390 (+389.8%), from €34,481 to €168,870
mainly Net result for the year (+€205,188) and Other debts (+€119,719)
- Stocks and contracts -€64,274
down €64,274 (-86.5%), from €74,274 to €10,000
- Tangible fixed assets -€35,066
down €35,066 (-8.7%), from €403,937 to €368,871
- Other debts +€119,719
up €119,719 (+305.1%), from €39,241 to €158,959
- Reserves +€85,151
up €85,151 (+17.0%), from €501,176 to €586,326
- Advances received +€64,782
up €64,782 (+149.4%), from €43,356 to €108,138
- Tax, wage and social debts +€61,975
up €61,975 (+805.7%), from €7,692 to €69,668
- Trade debts -€37,176
down €37,176 (-43.7%), from €85,164 to €47,988
- Gross operating margin +€188,185
up €188,185 (+115.5%), from €162,991 to €351,175
- Taxes +€59,833
up €59,833 (+171.5%), from €34,887 to €94,721
- Depreciation +€14,184
up €14,184 (+57.5%), from €24,650 to €38,835
- Financial charges -€4,358
down €4,358 (-33.6%), from €12,953 to €8,595
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 | €873,873 | €1,153,199 | +€279,326 | +32.0% |
| Fixed assets | 21/28 | €403,937 | €368,871 | -€35,066 | -8.7% |
| Tangible fixed assets | 22/27 | €403,937 | €368,871 | -€35,066 | -8.7% |
| Land and buildings | 22 | €296,191 | €283,710 | -€12,481 | -4.2% |
| Plant, machinery and equipment | 23 | €22,278 | €16,575 | -€5,703 | -25.6% |
| Furniture and vehicles | 24 | €85,468 | €68,585 | -€16,882 | -19.8% |
| Current assets | 29/58 | €469,936 | €784,328 | +€314,392 | +66.9% |
| Stocks and contracts in progress | 3 | €74,274 | €10,000 | -€64,274 | -86.5% |
| Stocks | 30/36 | €74,274 | €10,000 | -€64,274 | -86.5% |
| Amounts receivable within one year | 40/41 | €355,473 | €599,011 | +€243,537 | +68.5% |
| Trade receivables | 40 | €330,027 | €595,682 | +€265,655 | +80.5% |
| Other amounts receivable | 41 | €25,446 | €3,328 | -€22,118 | -86.9% |
| Cash at bank and in hand | 54/58 | €34,481 | €168,870 | +€134,390 | +389.8% |
| Deferred charges and accrued income | 490/1 | €5,708 | €6,447 | +€739 | +13.0% |
| Total equity and liabilities | 10/49 | €873,873 | €1,153,199 | +€279,326 | +32.0% |
| Equity | 10/15 | €542,436 | €627,586 | +€85,151 | +15.7% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €501,176 | €586,326 | +€85,151 | +17.0% |
| Distributable reserves | 133 | €501,176 | €586,326 | +€85,151 | +17.0% |
| Profit (loss) carried forward | 14 | €11,260 | €11,260 | = | 0.0% |
| Amounts payable | 17/49 | €331,438 | €525,613 | +€194,175 | +58.6% |
| Amounts payable after more than one year | 17 | €136,085 | €119,942 | -€16,144 | -11.9% |
| Financial debts | 170/4 | €136,085 | €119,942 | -€16,144 | -11.9% |
| Amounts payable within one year | 42/48 | €190,982 | €400,896 | +€209,915 | +109.9% |
| Current portion of amounts payable after more than one year | 42 | €15,529 | €16,144 | +€615 | +4.0% |
| Trade debts | 44 | €85,164 | €47,988 | -€37,176 | -43.7% |
| Suppliers | 440/4 | €85,164 | €47,988 | -€37,176 | -43.7% |
| Advances received on contracts in progress | 46 | €43,356 | €108,138 | +€64,782 | +149.4% |
| Taxes, remuneration and social security | 45 | €7,692 | €69,668 | +€61,975 | +805.7% |
| Taxes | 450/3 | €7,692 | €69,668 | +€61,975 | +805.7% |
| Other amounts payable | 47/48 | €39,241 | €158,959 | +€119,719 | +305.1% |
| Accrued charges and deferred income | 492/3 | €4,371 | €4,775 | +€404 | +9.2% |
| Non-recurring operating income | 76A | - | €1,810 | +€1,810 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,650 | €38,835 | +€14,184 | +57.5% |
| Other operating charges | 640/8 | €4,660 | €3,851 | -€809 | -17.4% |
| Gross operating margin | 9900 | €162,991 | €351,175 | +€188,185 | +115.5% |
| Operating profit (loss) | 9901 | €133,681 | €308,490 | +€174,809 | +130.8% |
| Financial income | 75/76B | €0 | €13 | +€13 | +6505.0% |
| Recurring financial income | 75 | €0 | €13 | +€13 | +6505.0% |
| Financial charges | 65/66B | €12,953 | €8,595 | -€4,358 | -33.6% |
| Recurring financial charges | 65 | €12,953 | €8,595 | -€4,358 | -33.6% |
| Profit (loss) for the period before taxes | 9903 | €120,728 | €299,908 | +€179,180 | +148.4% |
| Income taxes | 67/77 | €34,887 | €94,721 | +€59,833 | +171.5% |
| Profit (loss) for the period | 9904 | €85,841 | €205,188 | +€119,347 | +139.0% |
| Profit (loss) for the period to be appropriated | 9905 | €85,841 | €205,188 | +€119,347 | +139.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.