ELECTRO DELFORCE WILLY: what changed
ELECTRO DELFORCE WILLY
Largest movements
- Receivables within one year +€93,882
up €93,882 (+63.2%), from €148,499 to €242,382
of which Trade receivables: +€89,976
- Stocks and contracts -€67,937
down €67,937 (-37.6%), from €180,512 to €112,575
of which Contracts in progress: -€86,884
- Cash +€40,298
up €40,298 (+63.9%), from €63,048 to €103,346
mainly Stocks and contracts (+€67,937) and Net result for the year (+€64,861)
- Tangible fixed assets -€24,171
down €24,171 (-20.3%), from €119,301 to €95,129
of which Furniture and vehicles: -€22,581
- Reserves +€59,861
up €59,861 (+17.9%), from €334,440 to €394,301
of which Distributable reserves: +€59,861
- Debts after one year -€14,102
down €14,102 (-45.0%), from €31,367 to €17,265
- Tax, wage and social debts +€11,580
up €11,580 (+100%), from €11,562 to €23,142
of which Taxes: +€10,726
- Trade debts -€11,042
down €11,042 (-12.0%), from €92,063 to €81,020
- Current portion of long-term debt -€7,379
down €7,379 (-34.4%), from €21,481 to €14,102
- Staff costs -€33,891
down €33,891 (-23.8%), from €142,358 to €108,467
- Gross operating margin +€21,690
up €21,690 (+10.6%), from €204,081 to €225,771
- Taxes +€14,244
up €14,244 (+157%), from €9,088 to €23,332
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €518,721 | €559,830 | +€41,109 | +7.9% |
| Fixed assets | 21/28 | €119,301 | €95,129 | -€24,171 | -20.3% |
| Tangible fixed assets | 22/27 | €119,301 | €95,129 | -€24,171 | -20.3% |
| Land and buildings | 22 | €52,741 | €51,529 | -€1,212 | -2.3% |
| Plant, machinery and equipment | 23 | €2,315 | €1,938 | -€378 | -16.3% |
| Furniture and vehicles | 24 | €64,244 | €41,662 | -€22,581 | -35.1% |
| Current assets | 29/58 | €399,420 | €464,700 | +€65,280 | +16.3% |
| Stocks and contracts in progress | 3 | €180,512 | €112,575 | -€67,937 | -37.6% |
| Stocks | 30/36 | €93,628 | €112,575 | +€18,947 | +20.2% |
| Contracts in progress | 37 | €86,884 | €0 | -€86,884 | -100% |
| Amounts receivable within one year | 40/41 | €148,499 | €242,382 | +€93,882 | +63.2% |
| Trade receivables | 40 | €115,719 | €205,695 | +€89,976 | +77.8% |
| Other amounts receivable | 41 | €32,780 | €36,686 | +€3,906 | +11.9% |
| Cash at bank and in hand | 54/58 | €63,048 | €103,346 | +€40,298 | +63.9% |
| Deferred charges and accrued income | 490/1 | €7,361 | €6,398 | -€963 | -13.1% |
| Total equity and liabilities | 10/49 | €518,721 | €559,830 | +€41,109 | +7.9% |
| Equity | 10/15 | €359,440 | €419,301 | +€59,861 | +16.7% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €334,440 | €394,301 | +€59,861 | +17.9% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €13,734 | €13,734 | = | 0.0% |
| Distributable reserves | 133 | €320,706 | €380,567 | +€59,861 | +18.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €159,281 | €140,529 | -€18,752 | -11.8% |
| Amounts payable after more than one year | 17 | €31,367 | €17,265 | -€14,102 | -45.0% |
| Financial debts | 170/4 | €31,367 | €17,265 | -€14,102 | -45.0% |
| Amounts payable within one year | 42/48 | €127,914 | €123,264 | -€4,650 | -3.6% |
| Current portion of amounts payable after more than one year | 42 | €21,481 | €14,102 | -€7,379 | -34.4% |
| Financial debts | 43 | €2,809 | €0 | -€2,809 | -100% |
| Credit institutions | 430/8 | €2,809 | €0 | -€2,809 | -100% |
| Trade debts | 44 | €92,063 | €81,020 | -€11,042 | -12.0% |
| Suppliers | 440/4 | €92,063 | €81,020 | -€11,042 | -12.0% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €11,562 | €23,142 | +€11,580 | +100% |
| Taxes | 450/3 | €2,922 | €13,649 | +€10,726 | +367% |
| Remuneration and social security | 454/9 | €8,640 | €9,493 | +€853 | +9.9% |
| Other amounts payable | 47/48 | €0 | €5,000 | +€5,000 | |
| Non-recurring operating income | 76A | €1,750 | €0 | -€1,750 | -100% |
| Remuneration, social security and pensions | 62 | €142,358 | €108,467 | -€33,891 | -23.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,524 | €24,171 | +€1,647 | +7.3% |
| Other operating charges | 640/8 | €1,525 | €1,500 | -€25 | -1.6% |
| Gross operating margin | 9900 | €204,081 | €225,771 | +€21,690 | +10.6% |
| Operating profit (loss) | 9901 | €37,674 | €91,632 | +€53,958 | +143% |
| Financial income | 75/76B | €611 | €365 | -€246 | -40.3% |
| Recurring financial income | 75 | €611 | €365 | -€246 | -40.3% |
| Financial charges | 65/66B | €5,700 | €3,804 | -€1,896 | -33.3% |
| Recurring financial charges | 65 | €5,700 | €3,804 | -€1,896 | -33.3% |
| Profit (loss) for the period before taxes | 9903 | €32,584 | €88,193 | +€55,608 | +171% |
| Income taxes | 67/77 | €9,088 | €23,332 | +€14,244 | +157% |
| Profit (loss) for the period | 9904 | €23,497 | €64,861 | +€41,364 | +176% |
| Profit (loss) for the period to be appropriated | 9905 | €23,497 | €64,861 | +€41,364 | +176% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.