ELECTRO DE BAERE: 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 DE BAERE
Largest movements
- Stocks and contracts -€9,656
down €9,656 (-14.7%), from €65,583 to €55,928
of which Stocks: -€9,503
- Cash -€9,170
down €9,170 (-53.6%), from €17,111 to €7,941
mainly Net result for the year (-€12,424) and Debts after one year (-€9,877)
- Tangible fixed assets -€7,568
down €7,568 (-32.4%), from €23,379 to €15,810
of which Leasing and similar rights: -€4,540
- Receivables within one year +€1,418
up €1,418 (+14.1%), from €10,062 to €11,480
of which Trade receivables: +€1,437
- Profit (loss) carried forward -€12,424
down €12,424 (-8.4%), from -€147,192 to -€159,617
- Debts after one year -€9,877
down €9,877 (-15.1%), from €65,504 to €55,627
- Trade debts -€1,869
down €1,869 (-28.6%), from €6,535 to €4,667
- Other operating charges -€5,175
down €5,175 (-68.5%), from €7,560 to €2,385
- Write-downs +€2,686
up €2,686, from -€2,686 to €0
- Depreciation +€1,100
up €1,100 (+17.0%), from €6,469 to €7,568
- Financial charges -€613
down €613 (-32.0%), from €1,919 to €1,305
- Gross operating margin +€350
up €350 (+21.9%), from -€1,602 to -€1,252
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 | €117,233 | €92,729 | -€24,504 | -20.9% |
| Fixed assets | 21/28 | €23,379 | €15,810 | -€7,568 | -32.4% |
| Tangible fixed assets | 22/27 | €23,379 | €15,810 | -€7,568 | -32.4% |
| Plant, machinery and equipment | 23 | €47 | €0 | -€47 | -100% |
| Furniture and vehicles | 24 | €1,759 | €397 | -€1,362 | -77.4% |
| Leasing and similar rights | 25 | €15,584 | €11,045 | -€4,540 | -29.1% |
| Other tangible fixed assets | 26 | €5,989 | €4,369 | -€1,620 | -27.1% |
| Current assets | 29/58 | €93,854 | €76,919 | -€16,936 | -18.0% |
| Stocks and contracts in progress | 3 | €65,583 | €55,928 | -€9,656 | -14.7% |
| Stocks | 30/36 | €63,352 | €53,849 | -€9,503 | -15.0% |
| Contracts in progress | 37 | €2,231 | €2,078 | -€153 | -6.8% |
| Amounts receivable within one year | 40/41 | €10,062 | €11,480 | +€1,418 | +14.1% |
| Trade receivables | 40 | €8,339 | €9,776 | +€1,437 | +17.2% |
| Other amounts receivable | 41 | €1,722 | €1,704 | -€19 | -1.1% |
| Cash at bank and in hand | 54/58 | €17,111 | €7,941 | -€9,170 | -53.6% |
| Deferred charges and accrued income | 490/1 | €1,099 | €1,571 | +€472 | +43.0% |
| Total equity and liabilities | 10/49 | €117,233 | €92,729 | -€24,504 | -20.9% |
| Equity | 10/15 | -€20,390 | -€32,814 | -€12,424 | -60.9% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €26,802 | €26,802 | = | 0.0% |
| Distributable reserves | 133 | €26,802 | €26,802 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€147,192 | -€159,617 | -€12,424 | -8.4% |
| Amounts payable | 17/49 | €137,623 | €125,543 | -€12,080 | -8.8% |
| Amounts payable after more than one year | 17 | €65,504 | €55,627 | -€9,877 | -15.1% |
| Financial debts | 170/4 | €65,504 | €55,627 | -€9,877 | -15.1% |
| Amounts payable within one year | 42/48 | €72,119 | €69,916 | -€2,203 | -3.1% |
| Current portion of amounts payable after more than one year | 42 | €3,606 | €3,877 | +€271 | +7.5% |
| Trade debts | 44 | €6,535 | €4,667 | -€1,869 | -28.6% |
| Suppliers | 440/4 | €6,535 | €4,667 | -€1,869 | -28.6% |
| Taxes, remuneration and social security | 45 | €395 | €511 | +€116 | +29.3% |
| Taxes | 450/3 | €395 | €511 | +€116 | +29.3% |
| Other amounts payable | 47/48 | €61,583 | €60,862 | -€721 | -1.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,469 | €7,568 | +€1,100 | +17.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€2,686 | €0 | +€2,686 | |
| Other operating charges | 640/8 | €7,560 | €2,385 | -€5,175 | -68.5% |
| Gross operating margin | 9900 | -€1,602 | -€1,252 | +€350 | +21.9% |
| Operating profit (loss) | 9901 | -€12,945 | -€11,205 | +€1,739 | +13.4% |
| Financial income | 75/76B | €561 | €342 | -€219 | -39.1% |
| Recurring financial income | 75 | €561 | €342 | -€219 | -39.1% |
| Financial charges | 65/66B | €1,919 | €1,305 | -€613 | -32.0% |
| Recurring financial charges | 65 | €1,919 | €1,305 | -€613 | -32.0% |
| Profit (loss) for the period before taxes | 9903 | -€14,302 | -€12,169 | +€2,134 | +14.9% |
| Income taxes | 67/77 | €255 | €255 | -€0 | 0.0% |
| Profit (loss) for the period | 9904 | -€14,558 | -€12,424 | +€2,134 | +14.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€14,558 | -€12,424 | +€2,134 | +14.7% |
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 24 October 2026 via checked.be.