ELECTRO BAEYAERT: 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.
ELECTRO BAEYAERT
Largest movements
- Current investments +€53,526
up €53,526 (+14.5%), from €370,000 to €423,526
- Receivables within one year +€48,021
up €48,021 (+301.3%), from €15,938 to €63,958
of which Trade receivables: +€49,668
- Cash -€37,873
down €37,873 (-61.5%), from €61,589 to €23,716
mainly Current investments (-€53,526) and Receivables within one year (-€48,021)
- Tangible fixed assets -€20,414
down €20,414 (-43.5%), from €46,973 to €26,558
of which Furniture and vehicles: -€18,923
- Reserves +€57,724
up €57,724 (+11.6%), from €496,303 to €554,027
- Current portion of long-term debt -€8,604
down €8,604 (-74.9%), from €11,495 to €2,890
- Gross operating margin +€54,182
up €54,182 (+114.9%), from €47,156 to €101,338
- Taxes +€19,731
up €19,731 (+203.0%), from €9,721 to €29,452
- Staff costs -€16,538
down €16,538 (-100.0%), from €16,538 to €0
- Financial income -€6,796
down €6,796 (-40.6%), from €16,757 to €9,960
- Other operating charges +€5,428
up €5,428 (+371.4%), from €1,461 to €6,889
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 | €549,275 | €590,902 | +€41,627 | +7.6% |
| Fixed assets | 21/28 | €46,973 | €26,558 | -€20,414 | -43.5% |
| Tangible fixed assets | 22/27 | €46,973 | €26,558 | -€20,414 | -43.5% |
| Land and buildings | 22 | €4,987 | €3,496 | -€1,492 | -29.9% |
| Furniture and vehicles | 24 | €41,985 | €23,062 | -€18,923 | -45.1% |
| Current assets | 29/58 | €502,303 | €564,344 | +€62,041 | +12.4% |
| Amounts receivable after more than one year | 29 | €50,529 | €52,298 | +€1,769 | +3.5% |
| Other amounts receivable | 291 | €50,529 | €52,298 | +€1,769 | +3.5% |
| Stocks and contracts in progress | 3 | €1,567 | €0 | -€1,567 | -100.0% |
| Stocks | 30/36 | €1,567 | €0 | -€1,567 | -100.0% |
| Amounts receivable within one year | 40/41 | €15,938 | €63,958 | +€48,021 | +301.3% |
| Trade receivables | 40 | €11,158 | €60,826 | +€49,668 | +445.1% |
| Other amounts receivable | 41 | €4,779 | €3,133 | -€1,647 | -34.5% |
| Current investments | 50/53 | €370,000 | €423,526 | +€53,526 | +14.5% |
| Cash at bank and in hand | 54/58 | €61,589 | €23,716 | -€37,873 | -61.5% |
| Deferred charges and accrued income | 490/1 | €2,680 | €846 | -€1,834 | -68.4% |
| Total equity and liabilities | 10/49 | €549,275 | €590,902 | +€41,627 | +7.6% |
| Equity | 10/15 | €515,802 | €573,525 | +€57,724 | +11.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €496,303 | €554,027 | +€57,724 | +11.6% |
| Distributable reserves | 133 | €496,303 | €554,027 | +€57,724 | +11.6% |
| Profit (loss) carried forward | 14 | €898 | €898 | = | 0.0% |
| Amounts payable | 17/49 | €33,474 | €17,377 | -€16,097 | -48.1% |
| Amounts payable after more than one year | 17 | €2,890 | €0 | -€2,890 | -100.0% |
| Financial debts | 170/4 | €2,890 | €0 | -€2,890 | -100.0% |
| Amounts payable within one year | 42/48 | €30,583 | €17,377 | -€13,207 | -43.2% |
| Current portion of amounts payable after more than one year | 42 | €11,495 | €2,890 | -€8,604 | -74.9% |
| Trade debts | 44 | €18,162 | €13,365 | -€4,797 | -26.4% |
| Suppliers | 440/4 | €18,162 | €13,365 | -€4,797 | -26.4% |
| Taxes, remuneration and social security | 45 | €315 | €592 | +€278 | +88.2% |
| Taxes | 450/3 | €315 | €592 | +€278 | +88.2% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €612 | €529 | -€83 | -13.6% |
| Remuneration, social security and pensions | 62 | €16,538 | €0 | -€16,538 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,824 | €17,095 | -€1,729 | -9.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €1,461 | €6,889 | +€5,428 | +371.4% |
| Gross operating margin | 9900 | €47,156 | €101,338 | +€54,182 | +114.9% |
| Operating profit (loss) | 9901 | €10,332 | €77,354 | +€67,022 | +648.7% |
| Financial income | 75/76B | €16,757 | €9,960 | -€6,796 | -40.6% |
| Recurring financial income | 75 | €16,757 | €9,960 | -€6,796 | -40.6% |
| Financial charges | 65/66B | €280 | €138 | -€141 | -50.5% |
| Recurring financial charges | 65 | €280 | €138 | -€141 | -50.5% |
| Profit (loss) for the period before taxes | 9903 | €26,809 | €87,176 | +€60,367 | +225.2% |
| Income taxes | 67/77 | €9,721 | €29,452 | +€19,731 | +203.0% |
| Profit (loss) for the period | 9904 | €17,088 | €57,724 | +€40,635 | +237.8% |
| Profit (loss) for the period to be appropriated | 9905 | €17,088 | €57,724 | +€40,635 | +237.8% |
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 5 October 2026 via checked.be.