ELECTRO BELIËN: 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 BELIËN
Largest movements
- Stocks and contracts -€60,687
down €60,687 (-9.3%), from €655,067 to €594,381
of which Contracts in progress: -€59,900
- Cash -€42,491
down €42,491 (-94.8%), from €44,840 to €2,349
mainly Other debts (-€47,057) and Trade debts (-€39,624)
- Receivables within one year +€24,274
up €24,274 (+44.0%), from €55,187 to €79,461
of which Trade receivables: +€27,588
- Deferred charges and accrued income -€8,251
down €8,251 (-50.9%), from €16,218 to €7,967
- Other debts -€47,057
down €47,057 (-18.0%), from €261,561 to €214,504
- Trade debts -€39,624
down €39,624 (-26.3%), from €150,435 to €110,810
- Depreciation -€2,551
down €2,551 (-22.5%), from €11,311 to €8,761
- Gross operating margin -€1,658
down €1,658 (-9.0%), from €18,522 to €16,865
- Financial income -€1,282
down €1,282 (-97.9%), from €1,309 to €28
- Financial charges -€341
down €341 (-6.5%), from €5,286 to €4,945
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 | €791,067 | €703,640 | -€87,427 | -11.1% |
| Fixed assets | 21/28 | €19,754 | €19,483 | -€271 | -1.4% |
| Tangible fixed assets | 22/27 | €19,754 | €19,483 | -€271 | -1.4% |
| Land and buildings | 22 | - | €3,984 | +€3,984 | |
| Plant, machinery and equipment | 23 | €14,939 | €14,805 | -€134 | -0.9% |
| Furniture and vehicles | 24 | €4,815 | €695 | -€4,121 | -85.6% |
| Current assets | 29/58 | €771,313 | €684,157 | -€87,156 | -11.3% |
| Stocks and contracts in progress | 3 | €655,067 | €594,381 | -€60,687 | -9.3% |
| Stocks | 30/36 | €288,067 | €287,281 | -€787 | -0.3% |
| Contracts in progress | 37 | €367,000 | €307,100 | -€59,900 | -16.3% |
| Amounts receivable within one year | 40/41 | €55,187 | €79,461 | +€24,274 | +44.0% |
| Trade receivables | 40 | €46,434 | €74,022 | +€27,588 | +59.4% |
| Other amounts receivable | 41 | €8,753 | €5,439 | -€3,314 | -37.9% |
| Cash at bank and in hand | 54/58 | €44,840 | €2,349 | -€42,491 | -94.8% |
| Deferred charges and accrued income | 490/1 | €16,218 | €7,967 | -€8,251 | -50.9% |
| Total equity and liabilities | 10/49 | €791,067 | €703,640 | -€87,427 | -11.1% |
| Equity | 10/15 | €239,184 | €241,140 | +€1,956 | +0.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €218,758 | €220,584 | +€1,826 | +0.8% |
| Distributable reserves | 133 | €218,758 | €220,584 | +€1,826 | +0.8% |
| Profit (loss) carried forward | 14 | €1,826 | €1,956 | +€130 | +7.1% |
| Amounts payable | 17/49 | €551,883 | €462,501 | -€89,383 | -16.2% |
| Amounts payable after more than one year | 17 | €135,000 | €135,000 | = | 0.0% |
| Other amounts payable | 178/9 | €135,000 | €135,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €416,883 | €327,501 | -€89,383 | -21.4% |
| Trade debts | 44 | €150,435 | €110,810 | -€39,624 | -26.3% |
| Suppliers | 440/4 | €150,435 | €110,810 | -€39,624 | -26.3% |
| Taxes, remuneration and social security | 45 | €4,888 | €2,187 | -€2,701 | -55.3% |
| Taxes | 450/3 | €4,888 | €2,187 | -€2,701 | -55.3% |
| Other amounts payable | 47/48 | €261,561 | €214,504 | -€47,057 | -18.0% |
| Non-recurring operating income | 76A | - | €645 | +€645 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,311 | €8,761 | -€2,551 | -22.5% |
| Other operating charges | 640/8 | €652 | €550 | -€101 | -15.5% |
| Gross operating margin | 9900 | €18,522 | €16,865 | -€1,658 | -9.0% |
| Operating profit (loss) | 9901 | €6,560 | €7,553 | +€994 | +15.2% |
| Financial income | 75/76B | €1,309 | €28 | -€1,282 | -97.9% |
| Recurring financial income | 75 | €1,309 | €28 | -€1,282 | -97.9% |
| Financial charges | 65/66B | €5,286 | €4,945 | -€341 | -6.5% |
| Recurring financial charges | 65 | €5,286 | €4,945 | -€341 | -6.5% |
| Profit (loss) for the period before taxes | 9903 | €2,583 | €2,636 | +€53 | +2.1% |
| Income taxes | 67/77 | €757 | €680 | -€77 | -10.2% |
| Profit (loss) for the period | 9904 | €1,826 | €1,956 | +€130 | +7.1% |
| Profit (loss) for the period to be appropriated | 9905 | €1,826 | €1,956 | +€130 | +7.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.