ELECTRO BELUX: 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 BELUX
Largest movements
- Receivables within one year +€216,341
up €216,341 (+67.5%), from €320,693 to €537,034
of which Trade receivables: +€210,384
- Deferred charges and accrued income -€32,699
down €32,699 (-64.2%), from €50,912 to €18,213
- Tangible fixed assets +€21,836
up €21,836 (+10.7%), from €204,241 to €226,077
of which Furniture and vehicles: +€24,259
- Cash +€17,296
up €17,296 (+87.8%), from €19,690 to €36,985
mainly Trade debts (+€122,475) and Short-term financial debts (+€72,581)
- Trade debts +€122,475
up €122,475 (+71.6%), from €170,962 to €293,437
- Short-term financial debts +€72,581
up €72,581 (+136%), from €53,564 to €126,145
- Tax, wage and social debts +€29,860
up €29,860 (+65.9%), from €45,328 to €75,187
of which Taxes: +€17,332
- Other debts -€17,056
down €17,056 (-28.2%), from €60,574 to €43,518
- Staff costs +€56,800
up €56,800 (+40.1%), from €141,709 to €198,509
- Gross operating margin +€52,486
up €52,486 (+19.2%), from €273,997 to €326,482
- Depreciation +€22,053
up €22,053 (+57.4%), from €38,404 to €60,457
- Other operating charges -€5,171
down €5,171 (-42.3%), from €12,237 to €7,066
- Taxes -€4,885
down €4,885 (-20.7%), from €23,629 to €18,744
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 | €651,285 | €870,421 | +€219,135 | +33.6% |
| Fixed assets | 21/28 | €204,614 | €226,077 | +€21,463 | +10.5% |
| Intangible fixed assets | 21 | €373 | €0 | -€373 | -100% |
| Tangible fixed assets | 22/27 | €204,241 | €226,077 | +€21,836 | +10.7% |
| Land and buildings | 22 | €17,000 | €15,500 | -€1,500 | -8.8% |
| Plant, machinery and equipment | 23 | €29,029 | €28,106 | -€923 | -3.2% |
| Furniture and vehicles | 24 | €158,212 | €182,471 | +€24,259 | +15.3% |
| Current assets | 29/58 | €446,671 | €644,344 | +€197,672 | +44.3% |
| Stocks and contracts in progress | 3 | €55,377 | €52,111 | -€3,265 | -5.9% |
| Stocks | 30/36 | €55,377 | €52,111 | -€3,265 | -5.9% |
| Amounts receivable within one year | 40/41 | €320,693 | €537,034 | +€216,341 | +67.5% |
| Trade receivables | 40 | €306,650 | €517,034 | +€210,384 | +68.6% |
| Other amounts receivable | 41 | €14,043 | €20,000 | +€5,957 | +42.4% |
| Cash at bank and in hand | 54/58 | €19,690 | €36,985 | +€17,296 | +87.8% |
| Deferred charges and accrued income | 490/1 | €50,912 | €18,213 | -€32,699 | -64.2% |
| Total equity and liabilities | 10/49 | €651,285 | €870,421 | +€219,135 | +33.6% |
| Equity | 10/15 | €178,073 | €181,022 | +€2,949 | +1.7% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €142,225 | €145,174 | +€2,949 | +2.1% |
| Distributable reserves | 133 | €142,225 | €145,174 | +€2,949 | +2.1% |
| Profit (loss) carried forward | 14 | €17,298 | €17,298 | = | 0.0% |
| Amounts payable | 17/49 | €473,213 | €689,398 | +€216,186 | +45.7% |
| Amounts payable after more than one year | 17 | €98,717 | €100,565 | +€1,847 | +1.9% |
| Financial debts | 170/4 | €98,717 | €100,565 | +€1,847 | +1.9% |
| Amounts payable within one year | 42/48 | €373,009 | €584,932 | +€211,922 | +56.8% |
| Current portion of amounts payable after more than one year | 42 | €42,581 | €46,644 | +€4,062 | +9.5% |
| Financial debts | 43 | €53,564 | €126,145 | +€72,581 | +136% |
| Credit institutions | 430/8 | €53,564 | €126,145 | +€72,581 | +136% |
| Trade debts | 44 | €170,962 | €293,437 | +€122,475 | +71.6% |
| Suppliers | 440/4 | €170,962 | €293,437 | +€122,475 | +71.6% |
| Taxes, remuneration and social security | 45 | €45,328 | €75,187 | +€29,860 | +65.9% |
| Taxes | 450/3 | €23,608 | €40,940 | +€17,332 | +73.4% |
| Remuneration and social security | 454/9 | €21,719 | €34,247 | +€12,527 | +57.7% |
| Other amounts payable | 47/48 | €60,574 | €43,518 | -€17,056 | -28.2% |
| Accrued charges and deferred income | 492/3 | €1,486 | €3,902 | +€2,416 | +163% |
| Remuneration, social security and pensions | 62 | €141,709 | €198,509 | +€56,800 | +40.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,404 | €60,457 | +€22,053 | +57.4% |
| Other operating charges | 640/8 | €12,237 | €7,066 | -€5,171 | -42.3% |
| Gross operating margin | 9900 | €273,997 | €326,482 | +€52,486 | +19.2% |
| Operating profit (loss) | 9901 | €81,646 | €60,450 | -€21,196 | -26.0% |
| Financial income | 75/76B | €710 | €74 | -€636 | -89.6% |
| Recurring financial income | 75 | €710 | €74 | -€636 | -89.6% |
| Financial charges | 65/66B | €13,339 | €12,357 | -€981 | -7.4% |
| Recurring financial charges | 65 | €13,339 | €12,357 | -€981 | -7.4% |
| Profit (loss) for the period before taxes | 9903 | €69,018 | €48,167 | -€20,850 | -30.2% |
| Income taxes | 67/77 | €23,629 | €18,744 | -€4,885 | -20.7% |
| Profit (loss) for the period | 9904 | €45,389 | €29,423 | -€15,966 | -35.2% |
| Profit (loss) for the period to be appropriated | 9905 | €45,389 | €29,423 | -€15,966 | -35.2% |
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 15 October 2026 via checked.be.