ELECTRO DE CALUWÉ: 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 CALUWÉ
Largest movements
- Stocks and contracts +€35,688
up €35,688 (+31.3%), from €113,853 to €149,541
of which Contracts in progress: +€37,092
- Cash -€13,978
down €13,978 (-76.0%), from €18,395 to €4,417
mainly Investment in fixed assets (net) (-€39,873) and Stocks and contracts (-€35,688)
- Tangible fixed assets +€12,785
up €12,785 (+4.2%), from €303,350 to €316,135
of which Land and buildings: +€197,589
- Receivables within one year -€8,561
down €8,561 (-13.8%), from €62,068 to €53,507
of which Other amounts receivable: -€13,906
- Reserves +€18,950
up €18,950 (+11.9%), from €159,858 to €178,808
- Trade debts +€15,149
up €15,149 (+22.8%), from €66,546 to €81,695
- Other debts -€8,676
down €8,676 (-37.6%), from €23,058 to €14,381
- Gross operating margin +€28,022
up €28,022 (+27.0%), from €103,934 to €131,956
- Financial charges +€6,353
up €6,353 (+66.1%), from €9,616 to €15,968
- Depreciation +€5,782
up €5,782 (+33.9%), from €17,056 to €22,838
- Taxes +€3,771
up €3,771 (+584%), from €646 to €4,418
- Other operating charges +€2,949
up €2,949 (+45.7%), from €6,456 to €9,405
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 | €519,413 | €547,793 | +€28,380 | +5.5% |
| Fixed assets | 21/28 | €303,570 | €320,605 | +€17,035 | +5.6% |
| Tangible fixed assets | 22/27 | €303,350 | €316,135 | +€12,785 | +4.2% |
| Land and buildings | 22 | €104,042 | €301,631 | +€197,589 | +190% |
| Plant, machinery and equipment | 23 | €360 | €0 | -€360 | -100% |
| Furniture and vehicles | 24 | €19,878 | €14,104 | -€5,775 | -29.0% |
| Other tangible fixed assets | 26 | - | €400 | +€400 | |
| Assets under construction and advance payments | 27 | €179,069 | €0 | -€179,069 | -100% |
| Financial fixed assets | 28 | €220 | €4,470 | +€4,250 | +1,932% |
| Current assets | 29/58 | €215,843 | €227,188 | +€11,345 | +5.3% |
| Stocks and contracts in progress | 3 | €113,853 | €149,541 | +€35,688 | +31.3% |
| Stocks | 30/36 | €29,302 | €27,898 | -€1,404 | -4.8% |
| Contracts in progress | 37 | €84,551 | €121,643 | +€37,092 | +43.9% |
| Amounts receivable within one year | 40/41 | €62,068 | €53,507 | -€8,561 | -13.8% |
| Trade receivables | 40 | €27,929 | €33,275 | +€5,345 | +19.1% |
| Other amounts receivable | 41 | €34,139 | €20,233 | -€13,906 | -40.7% |
| Cash at bank and in hand | 54/58 | €18,395 | €4,417 | -€13,978 | -76.0% |
| Deferred charges and accrued income | 490/1 | €21,527 | €19,723 | -€1,804 | -8.4% |
| Total equity and liabilities | 10/49 | €519,413 | €547,793 | +€28,380 | +5.5% |
| Equity | 10/15 | €166,058 | €185,008 | +€18,950 | +11.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €159,858 | €178,808 | +€18,950 | +11.9% |
| Distributable reserves | 133 | €159,858 | €178,808 | +€18,950 | +11.9% |
| Amounts payable | 17/49 | €353,354 | €362,785 | +€9,430 | +2.7% |
| Amounts payable after more than one year | 17 | €234,830 | €237,898 | +€3,068 | +1.3% |
| Financial debts | 170/4 | €234,830 | €237,898 | +€3,068 | +1.3% |
| Amounts payable within one year | 42/48 | €118,524 | €124,887 | +€6,363 | +5.4% |
| Current portion of amounts payable after more than one year | 42 | €18,361 | €19,061 | +€700 | +3.8% |
| Trade debts | 44 | €66,546 | €81,695 | +€15,149 | +22.8% |
| Suppliers | 440/4 | €66,546 | €81,695 | +€15,149 | +22.8% |
| Taxes, remuneration and social security | 45 | €10,559 | €9,749 | -€810 | -7.7% |
| Taxes | 450/3 | €3,703 | €3,302 | -€401 | -10.8% |
| Remuneration and social security | 454/9 | €6,856 | €6,447 | -€409 | -6.0% |
| Other amounts payable | 47/48 | €23,058 | €14,381 | -€8,676 | -37.6% |
| Non-recurring operating income | 76A | - | €11,629 | +€11,629 | |
| Remuneration, social security and pensions | 62 | €62,089 | €60,410 | -€1,680 | -2.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,056 | €22,838 | +€5,782 | +33.9% |
| Other operating charges | 640/8 | €6,456 | €9,405 | +€2,949 | +45.7% |
| Gross operating margin | 9900 | €103,934 | €131,956 | +€28,022 | +27.0% |
| Operating profit (loss) | 9901 | €18,333 | €39,303 | +€20,970 | +114% |
| Financial income | 75/76B | €341 | €32 | -€308 | -90.5% |
| Recurring financial income | 75 | €341 | €32 | -€308 | -90.5% |
| Financial charges | 65/66B | €9,616 | €15,968 | +€6,353 | +66.1% |
| Recurring financial charges | 65 | €9,616 | €15,968 | +€6,353 | +66.1% |
| Profit (loss) for the period before taxes | 9903 | €9,058 | €23,367 | +€14,309 | +158% |
| Income taxes | 67/77 | €646 | €4,418 | +€3,771 | +584% |
| Profit (loss) for the period | 9904 | €8,412 | €18,950 | +€10,538 | +125% |
| Profit (loss) for the period to be appropriated | 9905 | €8,412 | €18,950 | +€10,538 | +125% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.