Electro D'Haene: 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 D'Haene
Largest movements
- Tangible fixed assets +€188,317
up €188,317 (+78.8%), from €239,035 to €427,352
of which Land and buildings: +€158,977
- Cash +€58,823
up €58,823 (+309%), from €19,027 to €77,850
mainly Other debts (+€194,748) and Debts after one year (+€138,110)
- Receivables within one year +€7,322
up €7,322 (+41.2%), from €17,761 to €25,084
of which Other amounts receivable: +€8,124
- Other debts +€194,748
up €194,748 (+771%), from €25,268 to €220,016
- Debts after one year +€138,110
up €138,110 (+75.1%), from €183,982 to €322,092
- Reserves -€91,122
down €91,122 (-99.7%), from €91,441 to €318
- Current portion of long-term debt +€15,144
up €15,144 (+160%), from €9,444 to €24,588
- Gross operating margin -€10,593
down €10,593 (-7.5%), from €141,824 to €131,231
- Taxes -€9,364
down €9,364 (-35.7%), from €26,240 to €16,876
- Depreciation +€7,408
up €7,408 (+39.3%), from €18,862 to €26,270
- Financial charges +€2,881
up €2,881 (+69.8%), from €4,130 to €7,011
- Other operating charges +€1,496
up €1,496 (+128%), from €1,167 to €2,663
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 | €336,594 | €590,142 | +€253,548 | +75.3% |
| Fixed assets | 21/28 | €242,035 | €429,851 | +€187,817 | +77.6% |
| Intangible fixed assets | 21 | €2,999 | €2,499 | -€500 | -16.7% |
| Tangible fixed assets | 22/27 | €239,035 | €427,352 | +€188,317 | +78.8% |
| Land and buildings | 22 | €220,671 | €379,648 | +€158,977 | +72.0% |
| Plant, machinery and equipment | 23 | €739 | €444 | -€295 | -39.9% |
| Furniture and vehicles | 24 | €17,626 | €47,260 | +€29,634 | +168% |
| Current assets | 29/58 | €94,560 | €160,291 | +€65,731 | +69.5% |
| Stocks and contracts in progress | 3 | €54,247 | €54,247 | = | 0.0% |
| Stocks | 30/36 | €54,247 | €54,247 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €17,761 | €25,084 | +€7,322 | +41.2% |
| Trade receivables | 40 | €14,761 | €13,960 | -€801 | -5.4% |
| Other amounts receivable | 41 | €3,000 | €11,124 | +€8,124 | +271% |
| Cash at bank and in hand | 54/58 | €19,027 | €77,850 | +€58,823 | +309% |
| Deferred charges and accrued income | 490/1 | €3,525 | €3,111 | -€414 | -11.7% |
| Total equity and liabilities | 10/49 | €336,594 | €590,142 | +€253,548 | +75.3% |
| Equity | 10/15 | €94,441 | €3,318 | -€91,122 | -96.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €91,441 | €318 | -€91,122 | -99.7% |
| Distributable reserves | 133 | €91,441 | €318 | -€91,122 | -99.7% |
| Amounts payable | 17/49 | €242,153 | €586,824 | +€344,670 | +142% |
| Amounts payable after more than one year | 17 | €183,982 | €322,092 | +€138,110 | +75.1% |
| Financial debts | 170/4 | €183,982 | €322,092 | +€138,110 | +75.1% |
| Amounts payable within one year | 42/48 | €56,933 | €263,299 | +€206,366 | +362% |
| Current portion of amounts payable after more than one year | 42 | €9,444 | €24,588 | +€15,144 | +160% |
| Trade debts | 44 | €5,455 | €6,011 | +€556 | +10.2% |
| Suppliers | 440/4 | €5,455 | €6,011 | +€556 | +10.2% |
| Taxes, remuneration and social security | 45 | €16,766 | €12,684 | -€4,082 | -24.3% |
| Taxes | 450/3 | €16,766 | €12,684 | -€4,082 | -24.3% |
| Other amounts payable | 47/48 | €25,268 | €220,016 | +€194,748 | +771% |
| Accrued charges and deferred income | 492/3 | €1,239 | €1,433 | +€194 | +15.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,862 | €26,270 | +€7,408 | +39.3% |
| Other operating charges | 640/8 | €1,167 | €2,663 | +€1,496 | +128% |
| Gross operating margin | 9900 | €141,824 | €131,231 | -€10,593 | -7.5% |
| Operating profit (loss) | 9901 | €121,796 | €102,299 | -€19,497 | -16.0% |
| Financial income | 75/76B | €15 | €183 | +€168 | +1,105% |
| Recurring financial income | 75 | €15 | €183 | +€168 | +1,105% |
| Financial charges | 65/66B | €4,130 | €7,011 | +€2,881 | +69.8% |
| Recurring financial charges | 65 | €4,130 | €7,011 | +€2,881 | +69.8% |
| Profit (loss) for the period before taxes | 9903 | €117,681 | €95,471 | -€22,210 | -18.9% |
| Income taxes | 67/77 | €26,240 | €16,876 | -€9,364 | -35.7% |
| Profit (loss) for the period | 9904 | €91,441 | €78,595 | -€12,846 | -14.0% |
| Profit (loss) for the period to be appropriated | 9905 | €91,441 | €78,595 | -€12,846 | -14.0% |
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 16 October 2026 via checked.be.