ELECTRO BAETENS: 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.
What changed
ELECTRO BAETENS
NACE 47.552, Retail sale of lighting equipment
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€34,557
2024 · €41,855-€7,299
Equity
€746,220
2024 · €767,829-€21,609
Cash
€7,866
2024 · €13,182-€5,316
Balance sheet total
€901,164
2024 · €858,841+€42,322
Largest movements
Assets
- Current investments +€25,606
up €25,606 (+21.0%), from €121,701 to €147,308
- Stocks and contracts +€15,333
up €15,333 (+3.8%), from €406,734 to €422,067
- Deferred charges and accrued income +€11,096
up €11,096 (+442%), from €2,512 to €13,608
Equity and liabilities
- Other debts +€55,925
new in 2025: €55,925
- Trade debts +€20,042
up €20,042 (+255%), from €7,857 to €27,899
- Reserves -€13,032
down €13,032 (-1.9%), from €697,252 to €684,220
of which Distributable reserves: -€13,032
- Debts after one year -€10,209
down €10,209 (-40.3%), from €25,352 to €15,143
Income statement
- Depreciation -€7,859
down €7,859 (-19.0%), from €41,463 to €33,604
- Gross operating margin -€6,382
down €6,382 (-4.4%), from €143,984 to €137,602
- Taxes +€3,707
up €3,707 (+30.4%), from €12,176 to €15,882
- Financial income +€2,445
up €2,445 (+20.8%), from €11,771 to €14,216
- Write-downs -€1,487
down €1,487 (-100%), from €1,487 to €0
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
€41,855
Gross operating margin
-€6,382
Staff costs
+€732
Depreciation
+€7,859
Write-downs
+€1,487
Other operating charges
+€394
Other operating items
-€10,672
Financial income
+€2,445
Financial charges
+€545
Taxes
-€3,707
Result 2025
€34,557
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€128,380
Investment
-€62,184
Financing
-€71,513
Cash 2024
€13,182
From operations (derived)
+€128,380
Net result for the year
+€34,557
Depreciation
+€33,604
Stocks and contracts
-€15,333
Receivables within one year
+€7,371
Deferred charges and accrued income
-€11,096
Trade debts
+€20,042
Tax, wage and social debts
+€3,311
Other debts
+€55,925
Investment (derived)
-€62,184
Investment in fixed assets (net)
-€36,578
Current investments
-€25,606
Financing
-€71,513
Debts after one year
-€10,209
Current portion of long-term debt
-€3,672
Short-term financial debts
-€1,466
Contributions, distributions and other
-€56,165
Cash 2025
€7,866
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €858,841 | €901,164 | +€42,322 | +4.9% |
| Fixed assets | 21/28 | €201,960 | €204,933 | +€2,974 | +1.5% |
| Tangible fixed assets | 22/27 | €201,960 | €204,933 | +€2,974 | +1.5% |
| Land and buildings | 22 | €124,376 | €117,781 | -€6,595 | -5.3% |
| Plant, machinery and equipment | 23 | €2,924 | €3,392 | +€468 | +16.0% |
| Furniture and vehicles | 24 | €74,660 | €83,761 | +€9,101 | +12.2% |
| Current assets | 29/58 | €656,882 | €696,230 | +€39,348 | +6.0% |
| Stocks and contracts in progress | 3 | €406,734 | €422,067 | +€15,333 | +3.8% |
| Stocks | 30/36 | €406,734 | €422,067 | +€15,333 | +3.8% |
| Amounts receivable within one year | 40/41 | €112,752 | €105,381 | -€7,371 | -6.5% |
| Trade receivables | 40 | €73,025 | €41,774 | -€31,251 | -42.8% |
| Other amounts receivable | 41 | €39,726 | €63,607 | +€23,880 | +60.1% |
| Current investments | 50/53 | €121,701 | €147,308 | +€25,606 | +21.0% |
| Cash at bank and in hand | 54/58 | €13,182 | €7,866 | -€5,316 | -40.3% |
| Deferred charges and accrued income | 490/1 | €2,512 | €13,608 | +€11,096 | +442% |
| Total equity and liabilities | 10/49 | €858,841 | €901,164 | +€42,322 | +4.9% |
| Equity | 10/15 | €767,829 | €746,220 | -€21,609 | -2.8% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €697,252 | €684,220 | -€13,032 | -1.9% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €37,500 | €37,500 | = | 0.0% |
| Distributable reserves | 133 | €653,552 | €640,520 | -€13,032 | -2.0% |
| Profit (loss) carried forward | 14 | €8,577 | €0 | -€8,577 | -100% |
| Amounts payable | 17/49 | €91,012 | €154,943 | +€63,931 | +70.2% |
| Amounts payable after more than one year | 17 | €25,352 | €15,143 | -€10,209 | -40.3% |
| Financial debts | 170/4 | €25,352 | €15,143 | -€10,209 | -40.3% |
| Amounts payable within one year | 42/48 | €65,660 | €139,800 | +€74,140 | +113% |
| Current portion of amounts payable after more than one year | 42 | €13,881 | €10,209 | -€3,672 | -26.5% |
| Financial debts | 43 | €1,466 | €0 | -€1,466 | -100% |
| Credit institutions | 430/8 | €1,466 | €0 | -€1,466 | -100% |
| Trade debts | 44 | €7,857 | €27,899 | +€20,042 | +255% |
| Suppliers | 440/4 | €7,857 | €27,899 | +€20,042 | +255% |
| Taxes, remuneration and social security | 45 | €42,455 | €45,767 | +€3,311 | +7.8% |
| Taxes | 450/3 | €30,208 | €31,818 | +€1,609 | +5.3% |
| Remuneration and social security | 454/9 | €12,247 | €13,949 | +€1,702 | +13.9% |
| Other amounts payable | 47/48 | - | €55,925 | +€55,925 | |
| Non-recurring operating income | 76A | €6,189 | €26,091 | +€19,902 | +322% |
| Remuneration, social security and pensions | 62 | €49,515 | €48,783 | -€732 | -1.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,463 | €33,604 | -€7,859 | -19.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,487 | €0 | -€1,487 | -100% |
| Other operating charges | 640/8 | €4,548 | €4,154 | -€394 | -8.7% |
| Non-recurring operating charges | 66A | - | €10,672 | +€10,672 | |
| Gross operating margin | 9900 | €143,984 | €137,602 | -€6,382 | -4.4% |
| Operating profit (loss) | 9901 | €46,972 | €40,390 | -€6,582 | -14.0% |
| Financial income | 75/76B | €11,771 | €14,216 | +€2,445 | +20.8% |
| Recurring financial income | 75 | €11,771 | €14,216 | +€2,445 | +20.8% |
| Financial charges | 65/66B | €4,712 | €4,167 | -€545 | -11.6% |
| Recurring financial charges | 65 | €4,712 | €4,167 | -€545 | -11.6% |
| Profit (loss) for the period before taxes | 9903 | €54,031 | €50,439 | -€3,592 | -6.6% |
| Income taxes | 67/77 | €12,176 | €15,882 | +€3,707 | +30.4% |
| Profit (loss) for the period | 9904 | €41,855 | €34,557 | -€7,299 | -17.4% |
| Profit (loss) for the period to be appropriated | 9905 | €41,855 | €34,557 | -€7,299 | -17.4% |
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 18 October 2026 via checked.be.