ELECTRO DELCO: what changed
Two fiscal 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 DELCO
Largest movements
- Receivables within one year +€16,550
up €16,550 (+40.2%), from €41,203 to €57,753
of which Other amounts receivable: +€11,825
- Tangible fixed assets +€3,324
new in 2025: €3,324
- Cash -€1,614
down €1,614 (-45.5%), from €3,545 to €1,931
mainly Receivables within one year (-€16,550) and Investment in fixed assets (net) (-€4,223)
- Reserves +€15,014
up €15,014 (+112.4%), from €13,364 to €28,378
- Tax, wage and social debts +€4,180
up €4,180 (+74.1%), from €5,637 to €9,817
- Debts after one year -€2,857
down €2,857 (-21.1%), from €13,571 to €10,714
- Trade debts +€1,333
up €1,333 (+19.4%), from €6,854 to €8,187
- Gross operating margin +€1,108
up €1,108 (+5.4%), from €20,413 to €21,521
- Depreciation +€899
new in 2025: €899
- Financial charges -€723
down €723 (-32.3%), from €2,236 to €1,513
- Financial income +€596
up €596 (+103.7%), from €575 to €1,171
- Taxes -€469
down €469 (-9.8%), from €4,770 to €4,301
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.
Cash bridge derived
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 | €44,973 | €63,075 | +€18,102 | +40.3% |
| Fixed assets | 21/28 | - | €3,324 | +€3,324 | |
| Tangible fixed assets | 22/27 | - | €3,324 | +€3,324 | |
| Furniture and vehicles | 24 | - | €3,324 | +€3,324 | |
| Current assets | 29/58 | €44,973 | €59,751 | +€14,778 | +32.9% |
| Amounts receivable within one year | 40/41 | €41,203 | €57,753 | +€16,550 | +40.2% |
| Trade receivables | 40 | €21,073 | €25,799 | +€4,725 | +22.4% |
| Other amounts receivable | 41 | €20,130 | €31,955 | +€11,825 | +58.7% |
| Cash at bank and in hand | 54/58 | €3,545 | €1,931 | -€1,614 | -45.5% |
| Deferred charges and accrued income | 490/1 | €225 | €67 | -€158 | -70.2% |
| Total equity and liabilities | 10/49 | €44,973 | €63,075 | +€18,102 | +40.3% |
| Equity | 10/15 | €15,864 | €30,878 | +€15,014 | +94.6% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €13,364 | €28,378 | +€15,014 | +112.4% |
| Distributable reserves | 133 | €13,364 | €28,378 | +€15,014 | +112.4% |
| Amounts payable | 17/49 | €29,109 | €32,197 | +€3,088 | +10.6% |
| Amounts payable after more than one year | 17 | €13,571 | €10,714 | -€2,857 | -21.1% |
| Financial debts | 170/4 | €13,571 | €10,714 | -€2,857 | -21.1% |
| Amounts payable within one year | 42/48 | €15,349 | €20,861 | +€5,513 | +35.9% |
| Current portion of amounts payable after more than one year | 42 | €2,857 | €2,857 | = | 0.0% |
| Trade debts | 44 | €6,854 | €8,187 | +€1,333 | +19.4% |
| Suppliers | 440/4 | €6,854 | €8,187 | +€1,333 | +19.4% |
| Taxes, remuneration and social security | 45 | €5,637 | €9,817 | +€4,180 | +74.1% |
| Taxes | 450/3 | €5,637 | €9,817 | +€4,180 | +74.1% |
| Accrued charges and deferred income | 492/3 | €189 | €621 | +€432 | +228.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €899 | +€899 | |
| Other operating charges | 640/8 | €618 | €965 | +€347 | +56.2% |
| Gross operating margin | 9900 | €20,413 | €21,521 | +€1,108 | +5.4% |
| Operating profit (loss) | 9901 | €19,795 | €19,657 | -€138 | -0.7% |
| Financial income | 75/76B | €575 | €1,171 | +€596 | +103.7% |
| Recurring financial income | 75 | €575 | €1,171 | +€596 | +103.7% |
| Financial charges | 65/66B | €2,236 | €1,513 | -€723 | -32.3% |
| Recurring financial charges | 65 | €2,236 | €1,513 | -€723 | -32.3% |
| Profit (loss) for the period before taxes | 9903 | €18,134 | €19,315 | +€1,181 | +6.5% |
| Income taxes | 67/77 | €4,770 | €4,301 | -€469 | -9.8% |
| Profit (loss) for the period | 9904 | €13,364 | €15,014 | +€1,651 | +12.4% |
| Profit (loss) for the period to be appropriated | 9905 | €13,364 | €15,014 | +€1,651 | +12.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.