ELECTRO DE BRUYCKER: 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 BRUYCKER
Largest movements
- Receivables within one year +€80,984
up €80,984 (+113%), from €71,823 to €152,806
of which Trade receivables: +€77,000
- Cash -€62,519
down €62,519 (-65.9%), from €94,844 to €32,325
mainly Receivables within one year (-€80,984) and Investment in fixed assets (net) (-€51,284)
- Tangible fixed assets +€43,919
up €43,919 (+132%), from €33,341 to €77,260
of which Other tangible fixed assets: +€51,284
- Deferred charges and accrued income +€3,785
up €3,785 (+74.7%), from €5,068 to €8,852
- Accrued charges and deferred income +€40,185
new in 2025: €40,185
- Trade debts +€23,301
up €23,301 (+35.2%), from €66,203 to €89,504
- Tax, wage and social debts -€16,922
down €16,922 (-46.2%), from €36,592 to €19,670
of which Taxes: -€10,332
- Other debts +€12,875
up €12,875 (+65.6%), from €19,617 to €32,492
- Reserves +€6,276
up €6,276 (+8.6%), from €72,828 to €79,105
- Gross operating margin -€62,210
down €62,210 (-75.2%), from €82,778 to €20,569
- Taxes -€14,140
down €14,140 (-88.7%), from €15,944 to €1,804
- Financial charges +€1,743
up €1,743 (+189%), from €922 to €2,666
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 | €206,575 | €273,178 | +€66,603 | +32.2% |
| Fixed assets | 21/28 | €33,341 | €77,260 | +€43,919 | +132% |
| Tangible fixed assets | 22/27 | €33,341 | €77,260 | +€43,919 | +132% |
| Plant, machinery and equipment | 23 | €6,123 | €5,773 | -€350 | -5.7% |
| Furniture and vehicles | 24 | €27,218 | €20,204 | -€7,014 | -25.8% |
| Other tangible fixed assets | 26 | - | €51,284 | +€51,284 | |
| Current assets | 29/58 | €173,234 | €195,918 | +€22,684 | +13.1% |
| Stocks and contracts in progress | 3 | €1,500 | €1,935 | +€434 | +28.9% |
| Stocks | 30/36 | €1,500 | €1,935 | +€434 | +28.9% |
| Amounts receivable within one year | 40/41 | €71,823 | €152,806 | +€80,984 | +113% |
| Trade receivables | 40 | €56,741 | €133,742 | +€77,000 | +136% |
| Other amounts receivable | 41 | €15,081 | €19,065 | +€3,983 | +26.4% |
| Cash at bank and in hand | 54/58 | €94,844 | €32,325 | -€62,519 | -65.9% |
| Deferred charges and accrued income | 490/1 | €5,068 | €8,852 | +€3,785 | +74.7% |
| Total equity and liabilities | 10/49 | €206,575 | €273,178 | +€66,603 | +32.2% |
| Equity | 10/15 | €75,828 | €82,105 | +€6,276 | +8.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €72,828 | €79,105 | +€6,276 | +8.6% |
| Distributable reserves | 133 | €72,828 | €79,105 | +€6,276 | +8.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €130,747 | €191,073 | +€60,326 | +46.1% |
| Amounts payable after more than one year | 17 | €3,354 | €0 | -€3,354 | -100% |
| Financial debts | 170/4 | €3,354 | €0 | -€3,354 | -100% |
| Amounts payable within one year | 42/48 | €127,393 | €150,889 | +€23,495 | +18.4% |
| Current portion of amounts payable after more than one year | 42 | €4,982 | €3,354 | -€1,628 | -32.7% |
| Financial debts | 43 | - | €5,870 | +€5,870 | |
| Credit institutions | 430/8 | - | €5,870 | +€5,870 | |
| Trade debts | 44 | €66,203 | €89,504 | +€23,301 | +35.2% |
| Suppliers | 440/4 | €66,203 | €89,504 | +€23,301 | +35.2% |
| Taxes, remuneration and social security | 45 | €36,592 | €19,670 | -€16,922 | -46.2% |
| Taxes | 450/3 | €27,892 | €17,560 | -€10,332 | -37.0% |
| Remuneration and social security | 454/9 | €8,700 | €2,110 | -€6,590 | -75.7% |
| Other amounts payable | 47/48 | €19,617 | €32,492 | +€12,875 | +65.6% |
| Accrued charges and deferred income | 492/3 | - | €40,185 | +€40,185 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,999 | €7,364 | +€365 | +5.2% |
| Other operating charges | 640/8 | €1,140 | €1,627 | +€487 | +42.7% |
| Gross operating margin | 9900 | €82,778 | €20,569 | -€62,210 | -75.2% |
| Operating profit (loss) | 9901 | €74,639 | €11,578 | -€63,061 | -84.5% |
| Financial income | 75/76B | €783 | €1 | -€782 | -99.9% |
| Recurring financial income | 75 | €783 | €1 | -€782 | -99.9% |
| Financial charges | 65/66B | €922 | €2,666 | +€1,743 | +189% |
| Recurring financial charges | 65 | €922 | €2,666 | +€1,743 | +189% |
| Profit (loss) for the period before taxes | 9903 | €74,500 | €8,913 | -€65,587 | -88.0% |
| Income taxes | 67/77 | €15,944 | €1,804 | -€14,140 | -88.7% |
| Profit (loss) for the period | 9904 | €58,556 | €7,109 | -€51,447 | -87.9% |
| Profit (loss) for the period to be appropriated | 9905 | €58,556 | €7,109 | -€51,447 | -87.9% |
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 26 October 2026 via checked.be.