ELECTRO-BRUYR: 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-BRUYR
Largest movements
- Tangible fixed assets +€461,516
up €461,516 (+40.2%), from €1.1m to €1.6m
of which Land and buildings: +€491,825
- Intangible fixed assets +€185,597
new in 2025: €185,597
- Stocks and contracts +€38,014
up €38,014 (+6.1%), from €625,147 to €663,160
- Cash -€35,557
down €35,557 (-6.6%), from €540,148 to €504,591
mainly Investment in fixed assets (net) (-€849,900) and Contributions, distributions and other (-€150,000)
- Receivables within one year +€33,353
up €33,353 (+13.4%), from €248,415 to €281,768
of which Trade receivables: +€73,952
- Debts after one year +€597,439
up €597,439 (+205%), from €291,405 to €888,844
- Other debts +€138,687
up €138,687 (+125%), from €111,302 to €249,989
- Reserves -€77,219
down €77,219 (-4.3%), from €1.8m to €1.7m
- Trade debts -€56,216
down €56,216 (-34.4%), from €163,621 to €107,405
- Tax, wage and social debts +€54,103
up €54,103 (+85.0%), from €63,668 to €117,771
of which Remuneration and social security: +€43,154
- Staff costs +€137,696
up €137,696 (+32.3%), from €425,853 to €563,548
- Depreciation +€93,578
up €93,578 (+85.7%), from €109,210 to €202,787
- Gross operating margin +€92,042
up €92,042 (+10.7%), from €856,899 to €948,942
- Taxes -€51,656
down €51,656 (-61.1%), from €84,509 to €32,853
- Write-downs +€27,469
new in 2025: €27,469
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 | €2,576,417 | €3,270,054 | +€693,637 | +26.9% |
| Fixed assets | 21/28 | €1,148,504 | €1,795,617 | +€647,112 | +56.3% |
| Intangible fixed assets | 21 | - | €185,597 | +€185,597 | |
| Tangible fixed assets | 22/27 | €1,148,454 | €1,609,970 | +€461,516 | +40.2% |
| Land and buildings | 22 | €953,874 | €1,445,700 | +€491,825 | +51.6% |
| Plant, machinery and equipment | 23 | €45,472 | €36,415 | -€9,057 | -19.9% |
| Furniture and vehicles | 24 | €149,108 | €127,855 | -€21,253 | -14.3% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €1,427,912 | €1,474,437 | +€46,525 | +3.3% |
| Stocks and contracts in progress | 3 | €625,147 | €663,160 | +€38,014 | +6.1% |
| Stocks | 30/36 | €625,147 | €663,160 | +€38,014 | +6.1% |
| Amounts receivable within one year | 40/41 | €248,415 | €281,768 | +€33,353 | +13.4% |
| Trade receivables | 40 | €152,256 | €226,208 | +€73,952 | +48.6% |
| Other amounts receivable | 41 | €96,159 | €55,560 | -€40,599 | -42.2% |
| Current investments | 50/53 | €620 | €620 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €540,148 | €504,591 | -€35,557 | -6.6% |
| Deferred charges and accrued income | 490/1 | €13,583 | €24,299 | +€10,716 | +78.9% |
| Total equity and liabilities | 10/49 | €2,576,417 | €3,270,054 | +€693,637 | +26.9% |
| Equity | 10/15 | €1,796,174 | €1,718,954 | -€77,219 | -4.3% |
| Contributions | 10/11 | €18,630 | €18,630 | = | 0.0% |
| Reserves | 13 | €1,777,544 | €1,700,324 | -€77,219 | -4.3% |
| Distributable reserves | 133 | €1,777,544 | €1,700,324 | -€77,219 | -4.3% |
| Amounts payable | 17/49 | €780,243 | €1,551,099 | +€770,856 | +98.8% |
| Amounts payable after more than one year | 17 | €291,405 | €888,844 | +€597,439 | +205% |
| Financial debts | 170/4 | €291,405 | €888,844 | +€597,439 | +205% |
| Amounts payable within one year | 42/48 | €487,834 | €661,405 | +€173,571 | +35.6% |
| Current portion of amounts payable after more than one year | 42 | €76,132 | €127,757 | +€51,625 | +67.8% |
| Trade debts | 44 | €163,621 | €107,405 | -€56,216 | -34.4% |
| Suppliers | 440/4 | €163,621 | €107,405 | -€56,216 | -34.4% |
| Advances received on contracts in progress | 46 | €73,112 | €58,484 | -€14,628 | -20.0% |
| Taxes, remuneration and social security | 45 | €63,668 | €117,771 | +€54,103 | +85.0% |
| Taxes | 450/3 | €25,690 | €36,639 | +€10,949 | +42.6% |
| Remuneration and social security | 454/9 | €37,978 | €81,131 | +€43,154 | +114% |
| Other amounts payable | 47/48 | €111,302 | €249,989 | +€138,687 | +125% |
| Accrued charges and deferred income | 492/3 | €1,004 | €850 | -€154 | -15.3% |
| Remuneration, social security and pensions | 62 | €425,853 | €563,548 | +€137,696 | +32.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €109,210 | €202,787 | +€93,578 | +85.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €27,469 | +€27,469 | |
| Other operating charges | 640/8 | €36,443 | €38,507 | +€2,064 | +5.7% |
| Non-recurring operating charges | 66A | €2,013 | €878 | -€1,135 | -56.4% |
| Gross operating margin | 9900 | €856,899 | €948,942 | +€92,042 | +10.7% |
| Operating profit (loss) | 9901 | €283,381 | €115,751 | -€167,630 | -59.2% |
| Financial income | 75/76B | €22,079 | €25,208 | +€3,129 | +14.2% |
| Recurring financial income | 75 | €22,079 | €25,208 | +€3,129 | +14.2% |
| Financial charges | 65/66B | €35,317 | €35,326 | +€8 | 0.0% |
| Recurring financial charges | 65 | €35,217 | €35,326 | +€108 | +0.3% |
| Non-recurring financial charges | 66B | €100 | - | -€100 | |
| Profit (loss) for the period before taxes | 9903 | €270,143 | €105,634 | -€164,509 | -60.9% |
| Income taxes | 67/77 | €84,509 | €32,853 | -€51,656 | -61.1% |
| Profit (loss) for the period | 9904 | €185,634 | €72,781 | -€112,853 | -60.8% |
| Profit (loss) for the period to be appropriated | 9905 | €185,634 | €72,781 | -€112,853 | -60.8% |
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 20 October 2026 via checked.be.