ELECTRO COTEUR: what changed
What changed
ELECTRO COTEUR
NACE 46.431, Wholesale of electrical household appliances and audio-video equipment
filed annual accounts (NBB)
Net result for the year
€4,153
2024 · -€8,112+€12,265
Equity
€110,085
2024 · €105,932+€4,153
Cash
€8,558
2024 · €26,911-€18,353
Balance sheet total
€439,471
2024 · €459,432-€19,960
Largest movements
Assets
- Cash -€18,353
down €18,353 (-68.2%), from €26,911 to €8,558
mainly Trade debts (-€51,611) and Receivables within one year (-€12,864)
- Receivables within one year +€12,864
up €12,864 (+15.2%), from €84,860 to €97,724
of which Trade receivables: +€12,352
- Tangible fixed assets -€7,517
down €7,517 (-4.0%), from €189,456 to €181,940
of which Land and buildings: -€7,882
- Stocks and contracts -€7,046
down €7,046 (-4.6%), from €153,236 to €146,189
of which Contracts in progress: -€5,450
Equity and liabilities
- Trade debts -€51,611
down €51,611 (-36.8%), from €140,347 to €88,736
- Short-term financial debts +€26,005
up €26,005 (+17.3%), from €150,032 to €176,038
- Tax, wage and social debts +€11,132
up €11,132 (+79.1%), from €14,065 to €25,197
of which Remuneration and social security: +€7,704
- Other debts -€6,342
down €6,342 (-20.0%), from €31,641 to €25,299
Income statement
- Gross operating margin +€29,564
up €29,564 (+22.5%), from €131,339 to €160,904
- Staff costs +€19,366
up €19,366 (+19.0%), from €101,791 to €121,157
- Financial charges -€3,201
down €3,201 (-14.6%), from €21,894 to €18,694
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€8,112
Gross operating margin
+€29,564
Staff costs
-€19,366
Depreciation
-€1,222
Other operating charges
-€86
Financial income
+€467
Financial charges
+€3,201
Taxes
-€292
Result 2025
€4,153
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€34,463
Investment
-€4,079
Financing
+€20,188
Cash 2024
€26,911
From operations (derived)
-€34,463
Net result for the year
+€4,153
Depreciation
+€11,596
Stocks and contracts
+€7,046
Receivables within one year
-€12,864
Deferred charges and accrued income
-€93
Trade debts
-€51,611
Tax, wage and social debts
+€11,132
Other debts
-€6,342
Accrued charges and deferred income
+€2,520
Investment (derived)
-€4,079
Investment in fixed assets (net)
-€4,079
Financing
+€20,188
Debts after one year
-€2,401
Current portion of long-term debt
-€3,416
Short-term financial debts
+€26,005
Cash 2025
€8,558
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €459,432 | €439,471 | -€19,960 | -4.3% |
| Fixed assets | 21/28 | €189,456 | €181,940 | -€7,517 | -4.0% |
| Tangible fixed assets | 22/27 | €189,456 | €181,940 | -€7,517 | -4.0% |
| Land and buildings | 22 | €166,432 | €158,549 | -€7,882 | -4.7% |
| Plant, machinery and equipment | 23 | €16,582 | €18,327 | +€1,746 | +10.5% |
| Furniture and vehicles | 24 | €6,443 | €5,063 | -€1,380 | -21.4% |
| Current assets | 29/58 | €269,975 | €257,532 | -€12,444 | -4.6% |
| Stocks and contracts in progress | 3 | €153,236 | €146,189 | -€7,046 | -4.6% |
| Stocks | 30/36 | €145,786 | €144,189 | -€1,596 | -1.1% |
| Contracts in progress | 37 | €7,450 | €2,000 | -€5,450 | -73.2% |
| Amounts receivable within one year | 40/41 | €84,860 | €97,724 | +€12,864 | +15.2% |
| Trade receivables | 40 | €67,974 | €80,326 | +€12,352 | +18.2% |
| Other amounts receivable | 41 | €16,886 | €17,398 | +€512 | +3.0% |
| Cash at bank and in hand | 54/58 | €26,911 | €8,558 | -€18,353 | -68.2% |
| Deferred charges and accrued income | 490/1 | €4,968 | €5,060 | +€93 | +1.9% |
| Total equity and liabilities | 10/49 | €459,432 | €439,471 | -€19,960 | -4.3% |
| Equity | 10/15 | €105,932 | €110,085 | +€4,153 | +3.9% |
| Contributions | 10/11 | €124,000 | €124,000 | = | 0.0% |
| Capital | 10 | €124,000 | €124,000 | = | 0.0% |
| Issued capital | 100 | €124,000 | €124,000 | = | 0.0% |
| Reserves | 13 | €15,540 | €15,540 | = | 0.0% |
| Non-distributable reserves | 130/1 | €12,400 | €12,400 | = | 0.0% |
| Legal reserve | 130 | €12,400 | €12,400 | = | 0.0% |
| Distributable reserves | 133 | €3,140 | €3,140 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€33,608 | -€29,455 | +€4,153 | +12.4% |
| Amounts payable | 17/49 | €353,500 | €329,386 | -€24,114 | -6.8% |
| Amounts payable after more than one year | 17 | €4,200 | €1,799 | -€2,401 | -57.2% |
| Financial debts | 170/4 | €4,200 | €1,799 | -€2,401 | -57.2% |
| Amounts payable within one year | 42/48 | €341,822 | €317,590 | -€24,232 | -7.1% |
| Current portion of amounts payable after more than one year | 42 | €5,737 | €2,321 | -€3,416 | -59.5% |
| Financial debts | 43 | €150,032 | €176,038 | +€26,005 | +17.3% |
| Credit institutions | 430/8 | €150,032 | €176,038 | +€26,005 | +17.3% |
| Trade debts | 44 | €140,347 | €88,736 | -€51,611 | -36.8% |
| Suppliers | 440/4 | €140,347 | €88,736 | -€51,611 | -36.8% |
| Taxes, remuneration and social security | 45 | €14,065 | €25,197 | +€11,132 | +79.1% |
| Taxes | 450/3 | €42 | €3,470 | +€3,428 | +8,137% |
| Remuneration and social security | 454/9 | €14,023 | €21,727 | +€7,704 | +54.9% |
| Other amounts payable | 47/48 | €31,641 | €25,299 | -€6,342 | -20.0% |
| Accrued charges and deferred income | 492/3 | €7,478 | €9,997 | +€2,520 | +33.7% |
| Non-recurring operating income | 76A | €6,494 | - | -€6,494 | |
| Remuneration, social security and pensions | 62 | €101,791 | €121,157 | +€19,366 | +19.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,373 | €11,596 | +€1,222 | +11.8% |
| Other operating charges | 640/8 | €5,399 | €5,485 | +€86 | +1.6% |
| Gross operating margin | 9900 | €131,339 | €160,904 | +€29,564 | +22.5% |
| Operating profit (loss) | 9901 | €13,776 | €22,666 | +€8,889 | +64.5% |
| Financial income | 75/76B | €6 | €473 | +€467 | +7,552% |
| Recurring financial income | 75 | €6 | €473 | +€467 | +7,552% |
| Financial charges | 65/66B | €21,894 | €18,694 | -€3,201 | -14.6% |
| Recurring financial charges | 65 | €21,894 | €18,694 | -€3,201 | -14.6% |
| Profit (loss) for the period before taxes | 9903 | -€8,112 | €4,445 | +€12,557 | |
| Income taxes | 67/77 | - | €292 | +€292 | |
| Profit (loss) for the period | 9904 | -€8,112 | €4,153 | +€12,265 | |
| Profit (loss) for the period to be appropriated | 9905 | -€8,112 | €4,153 | +€12,265 |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.