ELECTRO EECKHOUDT: 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 EECKHOUDT
Largest movements
- Cash +€46,259
up €46,259 (+370%), from €12,496 to €58,754
mainly Net result for the year (+€26,673) and Receivables within one year (+€19,531)
- Receivables within one year -€19,531
down €19,531 (-41.2%), from €47,417 to €27,886
of which Trade receivables: -€15,222
- Tangible fixed assets +€14,765
up €14,765 (+18.6%), from €79,351 to €94,116
of which Furniture and vehicles: +€25,536
- Stocks and contracts -€5,968
down €5,968 (-5.2%), from €114,961 to €108,992
- Reserves +€26,673
up €26,673 (+17.6%), from €151,817 to €178,490
- Debts after one year +€8,912
up €8,912 (+17.5%), from €50,888 to €59,800
- Tax, wage and social debts -€7,338
down €7,338 (-56.1%), from €13,071 to €5,733
of which Remuneration and social security: -€5,372
- Current portion of long-term debt +€4,110
up €4,110 (+27.6%), from €14,865 to €18,975
- Gross operating margin +€28,474
up €28,474 (+149%), from €19,173 to €47,647
- Taxes +€8,012
up €8,012 (+198%), from €4,049 to €12,061
- Staff costs -€1,805
no longer reported in 2025 (was €1,805)
- Financial charges -€1,534
down €1,534 (-35.8%), from €4,287 to €2,753
- Financial income +€1,050
up €1,050 (+12.9%), from €8,161 to €9,211
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 | €257,572 | €290,821 | +€33,249 | +12.9% |
| Fixed assets | 21/28 | €79,351 | €94,116 | +€14,765 | +18.6% |
| Tangible fixed assets | 22/27 | €79,351 | €94,116 | +€14,765 | +18.6% |
| Plant, machinery and equipment | 23 | €4,034 | €2,902 | -€1,132 | -28.1% |
| Furniture and vehicles | 24 | €203 | €25,739 | +€25,536 | +12,564% |
| Other tangible fixed assets | 26 | €75,113 | €65,475 | -€9,638 | -12.8% |
| Current assets | 29/58 | €178,222 | €196,705 | +€18,484 | +10.4% |
| Stocks and contracts in progress | 3 | €114,961 | €108,992 | -€5,968 | -5.2% |
| Stocks | 30/36 | €114,961 | €108,992 | -€5,968 | -5.2% |
| Amounts receivable within one year | 40/41 | €47,417 | €27,886 | -€19,531 | -41.2% |
| Trade receivables | 40 | €40,565 | €25,343 | -€15,222 | -37.5% |
| Other amounts receivable | 41 | €6,851 | €2,543 | -€4,309 | -62.9% |
| Current investments | 50/53 | €620 | €620 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €12,496 | €58,754 | +€46,259 | +370% |
| Deferred charges and accrued income | 490/1 | €2,729 | €453 | -€2,276 | -83.4% |
| Total equity and liabilities | 10/49 | €257,572 | €290,821 | +€33,249 | +12.9% |
| Equity | 10/15 | €171,940 | €198,613 | +€26,673 | +15.5% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €151,817 | €178,490 | +€26,673 | +17.6% |
| Distributable reserves | 133 | €151,817 | €178,490 | +€26,673 | +17.6% |
| Profit (loss) carried forward | 14 | €123 | €123 | = | 0.0% |
| Amounts payable | 17/49 | €85,633 | €92,208 | +€6,576 | +7.7% |
| Amounts payable after more than one year | 17 | €50,888 | €59,800 | +€8,912 | +17.5% |
| Financial debts | 170/4 | €50,888 | €59,800 | +€8,912 | +17.5% |
| Amounts payable within one year | 42/48 | €34,745 | €32,408 | -€2,337 | -6.7% |
| Current portion of amounts payable after more than one year | 42 | €14,865 | €18,975 | +€4,110 | +27.6% |
| Trade debts | 44 | €3,905 | €6,025 | +€2,120 | +54.3% |
| Suppliers | 440/4 | €3,905 | €6,025 | +€2,120 | +54.3% |
| Advances received on contracts in progress | 46 | - | €1,048 | +€1,048 | |
| Taxes, remuneration and social security | 45 | €13,071 | €5,733 | -€7,338 | -56.1% |
| Taxes | 450/3 | €7,699 | €5,733 | -€1,966 | -25.5% |
| Remuneration and social security | 454/9 | €5,372 | - | -€5,372 | |
| Other amounts payable | 47/48 | €2,904 | €627 | -€2,277 | -78.4% |
| Remuneration, social security and pensions | 62 | €1,805 | - | -€1,805 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,979 | €12,725 | +€745 | +6.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€733 | - | +€733 | |
| Other operating charges | 640/8 | €2,022 | €2,646 | +€624 | +30.8% |
| Gross operating margin | 9900 | €19,173 | €47,647 | +€28,474 | +149% |
| Operating profit (loss) | 9901 | €4,100 | €32,277 | +€28,177 | +687% |
| Financial income | 75/76B | €8,161 | €9,211 | +€1,050 | +12.9% |
| Recurring financial income | 75 | €8,161 | €9,211 | +€1,050 | +12.9% |
| Financial charges | 65/66B | €4,287 | €2,753 | -€1,534 | -35.8% |
| Recurring financial charges | 65 | €4,287 | €2,753 | -€1,534 | -35.8% |
| Profit (loss) for the period before taxes | 9903 | €7,974 | €38,734 | +€30,761 | +386% |
| Income taxes | 67/77 | €4,049 | €12,061 | +€8,012 | +198% |
| Profit (loss) for the period | 9904 | €3,925 | €26,673 | +€22,748 | +580% |
| Profit (loss) for the period to be appropriated | 9905 | €3,925 | €26,673 | +€22,748 | +580% |
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 22 October 2026 via checked.be.