ELECTRO-B: 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-B
Largest movements
- Receivables within one year -€161,237
down €161,237 (-47.4%), from €340,212 to €178,975
of which Trade receivables: -€116,121
- Cash -€55,731
down €55,731 (-49.9%), from €111,658 to €55,927
mainly Trade debts (-€170,006) and Net result for the year (-€78,264)
- Trade debts -€170,006
down €170,006 (-58.0%), from €293,189 to €123,183
- Profit (loss) carried forward -€78,405
down €78,405 (-98.7%), from €79,399 to €993
- Provisions +€44,846
new in 2025: €44,846
- Tax, wage and social debts -€18,084
down €18,084 (-40.9%), from €44,264 to €26,180
of which Taxes: -€16,011
- Turnover +€413,450
new in 2025: €413,450
- Purchases and services +€379,453
new in 2025: €379,453
- Provisions +€54,846
new in 2025: €54,846
- Gross operating margin -€44,677
down €44,677 (-36.1%), from €123,861 to €79,184
- Other operating charges -€30,510
down €30,510 (-71.8%), from €42,476 to €11,966
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.
Derived cash bridge
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 | €462,344 | €240,694 | -€221,650 | -47.9% |
| Fixed assets | 21/28 | €7,908 | €4,268 | -€3,640 | -46.0% |
| Tangible fixed assets | 22/27 | €5,025 | €1,386 | -€3,640 | -72.4% |
| Plant, machinery and equipment | 23 | €2,107 | €941 | -€1,166 | -55.3% |
| Furniture and vehicles | 24 | €2,918 | €445 | -€2,474 | -84.8% |
| Financial fixed assets | 28 | €2,883 | €2,883 | = | 0.0% |
| Current assets | 29/58 | €454,436 | €236,426 | -€218,010 | -48.0% |
| Amounts receivable within one year | 40/41 | €340,212 | €178,975 | -€161,237 | -47.4% |
| Trade receivables | 40 | €259,989 | €143,868 | -€116,121 | -44.7% |
| Other amounts receivable | 41 | €80,223 | €35,107 | -€45,116 | -56.2% |
| Cash at bank and in hand | 54/58 | €111,658 | €55,927 | -€55,731 | -49.9% |
| Deferred charges and accrued income | 490/1 | €2,566 | €1,524 | -€1,042 | -40.6% |
| Total equity and liabilities | 10/49 | €462,344 | €240,694 | -€221,650 | -47.9% |
| Equity | 10/15 | €124,891 | €46,485 | -€78,405 | -62.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €26,892 | €26,892 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,892 | €1,892 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,892 | €1,892 | = | 0.0% |
| Distributable reserves | 133 | €25,000 | €25,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €79,399 | €993 | -€78,405 | -98.7% |
| Provisions and deferred taxes | 16 | - | €44,846 | +€44,846 | |
| Provisions for liabilities and charges | 160/5 | - | €44,846 | +€44,846 | |
| Other liabilities and charges | 164/5 | - | €44,846 | +€44,846 | |
| Amounts payable | 17/49 | €337,453 | €149,363 | -€188,090 | -55.7% |
| Amounts payable within one year | 42/48 | €337,453 | €149,363 | -€188,090 | -55.7% |
| Trade debts | 44 | €293,189 | €123,183 | -€170,006 | -58.0% |
| Suppliers | 440/4 | €293,189 | €123,183 | -€170,006 | -58.0% |
| Taxes, remuneration and social security | 45 | €44,264 | €26,180 | -€18,084 | -40.9% |
| Taxes | 450/3 | €39,313 | €23,303 | -€16,011 | -40.7% |
| Remuneration and social security | 454/9 | €4,951 | €2,877 | -€2,074 | -41.9% |
| Turnover | 70 | - | €413,450 | +€413,450 | |
| Non-recurring operating income | 76A | - | €45,187 | +€45,187 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €379,453 | +€379,453 | |
| Remuneration, social security and pensions | 62 | €52,146 | €47,834 | -€4,312 | -8.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,027 | €3,640 | -€4,388 | -54.7% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €54,846 | +€54,846 | |
| Other operating charges | 640/8 | €42,476 | €11,966 | -€30,510 | -71.8% |
| Non-recurring operating charges | 66A | - | €35,742 | +€35,742 | |
| Gross operating margin | 9900 | €123,861 | €79,184 | -€44,677 | -36.1% |
| Operating profit (loss) | 9901 | €21,212 | -€74,843 | -€96,054 | |
| Financial income | 75/76B | €4 | €1,442 | +€1,439 | +36,605% |
| Recurring financial income | 75 | €4 | €1,442 | +€1,439 | +36,605% |
| Financial charges | 65/66B | €701 | €306 | -€396 | -56.4% |
| Recurring financial charges | 65 | €701 | €306 | -€396 | -56.4% |
| Profit (loss) for the period before taxes | 9903 | €20,514 | -€73,706 | -€94,220 | |
| Income taxes | 67/77 | - | €4,558 | +€4,558 | |
| Profit (loss) for the period | 9904 | €20,514 | -€78,264 | -€98,778 | |
| Profit (loss) for the period to be appropriated | 9905 | €20,514 | -€78,264 | -€98,778 |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.