ELECTRO BOUVAERT: 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 BOUVAERT
Largest movements
- Current investments -€93,101
down €93,101 (-17.6%), from €530,000 to €436,899
- Cash +€47,193
up €47,193 (+41.6%), from €113,544 to €160,738
mainly Net result for the year (+€120,855) and Current investments (+€93,101)
- Other debts -€107,888
no longer reported in 2025 (was €107,888)
- Reserves +€66,026
up €66,026 (+12.3%), from €534,876 to €600,902
- Financial income +€12,161
up €12,161 (+81.8%), from €14,863 to €27,023
- Gross operating margin +€9,929
up €9,929 (+6.9%), from €143,308 to €153,236
- Taxes +€6,883
up €6,883 (+13.9%), from €49,527 to €56,409
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 | €755,841 | €711,197 | -€44,645 | -5.9% |
| Fixed assets | 21/28 | €5,438 | €4,573 | -€865 | -15.9% |
| Tangible fixed assets | 22/27 | €5,438 | €4,573 | -€865 | -15.9% |
| Plant, machinery and equipment | 23 | €5,438 | €4,573 | -€865 | -15.9% |
| Current assets | 29/58 | €750,404 | €706,624 | -€43,780 | -5.8% |
| Stocks and contracts in progress | 3 | €91,580 | €97,583 | +€6,003 | +6.6% |
| Stocks | 30/36 | €91,580 | €97,583 | +€6,003 | +6.6% |
| Amounts receivable within one year | 40/41 | €15,235 | €11,145 | -€4,090 | -26.8% |
| Trade receivables | 40 | €15,235 | €11,145 | -€4,090 | -26.8% |
| Current investments | 50/53 | €530,000 | €436,899 | -€93,101 | -17.6% |
| Cash at bank and in hand | 54/58 | €113,544 | €160,738 | +€47,193 | +41.6% |
| Deferred charges and accrued income | 490/1 | €44 | €259 | +€215 | +487% |
| Total equity and liabilities | 10/49 | €755,841 | €711,197 | -€44,645 | -5.9% |
| Equity | 10/15 | €619,271 | €686,773 | +€67,503 | +10.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €534,876 | €600,902 | +€66,026 | +12.3% |
| Distributable reserves | 133 | €534,876 | €600,902 | +€66,026 | +12.3% |
| Profit (loss) carried forward | 14 | €65,794 | €65,794 | = | 0.0% |
| Investment grants | 15 | - | €1,477 | +€1,477 | |
| Amounts payable | 17/49 | €136,571 | €24,423 | -€112,148 | -82.1% |
| Amounts payable within one year | 42/48 | €136,016 | €24,423 | -€111,593 | -82.0% |
| Trade debts | 44 | - | €2,676 | +€2,676 | |
| Suppliers | 440/4 | - | €2,676 | +€2,676 | |
| Taxes, remuneration and social security | 45 | €28,129 | €21,747 | -€6,381 | -22.7% |
| Taxes | 450/3 | €19,925 | €21,233 | +€1,307 | +6.6% |
| Remuneration and social security | 454/9 | €8,203 | €514 | -€7,689 | -93.7% |
| Other amounts payable | 47/48 | €107,888 | - | -€107,888 | |
| Accrued charges and deferred income | 492/3 | €555 | - | -€555 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €553 | €865 | +€312 | +56.3% |
| Other operating charges | 640/8 | €1,328 | €1,422 | +€94 | +7.1% |
| Gross operating margin | 9900 | €143,308 | €153,236 | +€9,929 | +6.9% |
| Operating profit (loss) | 9901 | €141,426 | €150,949 | +€9,522 | +6.7% |
| Financial income | 75/76B | €14,863 | €27,023 | +€12,161 | +81.8% |
| Recurring financial income | 75 | €14,863 | €27,023 | +€12,161 | +81.8% |
| Financial charges | 65/66B | €558 | €708 | +€150 | +26.9% |
| Recurring financial charges | 65 | €558 | €708 | +€150 | +26.9% |
| Profit (loss) for the period before taxes | 9903 | €155,731 | €177,264 | +€21,533 | +13.8% |
| Income taxes | 67/77 | €49,527 | €56,409 | +€6,883 | +13.9% |
| Profit (loss) for the period | 9904 | €106,204 | €120,855 | +€14,651 | +13.8% |
| Profit (loss) for the period to be appropriated | 9905 | €106,204 | €120,855 | +€14,651 | +13.8% |
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 13 October 2026 via checked.be.