ELECTRO - DUC: 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 - DUC
Largest movements
- Cash +€14,167
up €14,167 (+84.0%), from €16,866 to €31,033
mainly Tax, wage and social debts (+€25,823) and Stocks and contracts (+€4,215)
- Stocks and contracts -€4,215
down €4,215 (-75.8%), from €5,558 to €1,343
- Receivables within one year -€634
down €634 (-8.4%), from €7,526 to €6,893
of which Trade receivables: -€728
- Tax, wage and social debts +€25,823
up €25,823 (+152.1%), from €16,982 to €42,805
- Profit (loss) carried forward -€16,057
down €16,057 (-43.4%), from -€37,017 to -€53,074
- Trade debts -€725
down €725 (-34.0%), from €2,135 to €1,409
- Other debts +€556
up €556 (+4.4%), from €12,741 to €13,297
- Taxes +€13,262
up €13,262 (+78.7%), from €16,843 to €30,105
- Gross operating margin +€10,763
up €10,763 (+172.7%), from €6,233 to €16,995
- Other operating charges +€1,126
up €1,126 (+177.9%), from €633 to €1,759
- Financial income -€759
down €759 (-94.0%), from €807 to €48
- Financial charges +€422
up €422 (+51.7%), from €815 to €1,237
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 | €29,950 | €39,547 | +€9,596 | +32.0% |
| Current assets | 29/58 | €29,950 | €39,547 | +€9,596 | +32.0% |
| Stocks and contracts in progress | 3 | €5,558 | €1,343 | -€4,215 | -75.8% |
| Stocks | 30/36 | €5,558 | €1,343 | -€4,215 | -75.8% |
| Amounts receivable within one year | 40/41 | €7,526 | €6,893 | -€634 | -8.4% |
| Trade receivables | 40 | €6,402 | €5,674 | -€728 | -11.4% |
| Other amounts receivable | 41 | €1,124 | €1,219 | +€94 | +8.4% |
| Cash at bank and in hand | 54/58 | €16,866 | €31,033 | +€14,167 | +84.0% |
| Deferred charges and accrued income | 490/1 | - | €278 | +€278 | |
| Total equity and liabilities | 10/49 | €29,950 | €39,547 | +€9,596 | +32.0% |
| Equity | 10/15 | -€1,907 | -€17,965 | -€16,057 | -841.9% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €16,517 | €16,517 | = | 0.0% |
| Non-distributable reserves | 130/1 | €15,209 | €15,209 | = | 0.0% |
| Reserves not available under the articles | 1311 | €15,209 | €15,209 | = | 0.0% |
| Distributable reserves | 133 | €1,309 | €1,309 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€37,017 | -€53,074 | -€16,057 | -43.4% |
| Amounts payable | 17/49 | €31,858 | €57,511 | +€25,654 | +80.5% |
| Amounts payable within one year | 42/48 | €31,858 | €57,511 | +€25,654 | +80.5% |
| Trade debts | 44 | €2,135 | €1,409 | -€725 | -34.0% |
| Suppliers | 440/4 | €2,135 | €1,409 | -€725 | -34.0% |
| Taxes, remuneration and social security | 45 | €16,982 | €42,805 | +€25,823 | +152.1% |
| Taxes | 450/3 | €16,982 | €42,805 | +€25,823 | +152.1% |
| Other amounts payable | 47/48 | €12,741 | €13,297 | +€556 | +4.4% |
| Other operating charges | 640/8 | €633 | €1,759 | +€1,126 | +177.9% |
| Gross operating margin | 9900 | €6,233 | €16,995 | +€10,763 | +172.7% |
| Operating profit (loss) | 9901 | €5,600 | €15,237 | +€9,637 | +172.1% |
| Financial income | 75/76B | €807 | €48 | -€759 | -94.0% |
| Recurring financial income | 75 | €807 | €48 | -€759 | -94.0% |
| Financial charges | 65/66B | €815 | €1,237 | +€422 | +51.7% |
| Recurring financial charges | 65 | €815 | €1,237 | +€422 | +51.7% |
| Profit (loss) for the period before taxes | 9903 | €5,592 | €14,048 | +€8,456 | +151.2% |
| Income taxes | 67/77 | €16,843 | €30,105 | +€13,262 | +78.7% |
| Profit (loss) for the period | 9904 | -€11,251 | -€16,057 | -€4,806 | -42.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€11,251 | -€16,057 | -€4,806 | -42.7% |
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 5 October 2026 via checked.be.