Electro Eulaerts: 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 Eulaerts
Largest movements
- Receivables within one year -€62,163
down €62,163 (-27.0%), from €230,609 to €168,446
of which Trade receivables: -€52,672
- Tangible fixed assets -€54,865
down €54,865 (-10.8%), from €509,598 to €454,733
of which Land and buildings: -€46,681
- Stocks and contracts -€39,686
down €39,686 (-25.0%), from €158,500 to €118,814
of which Contracts in progress: -€32,000
- Profit (loss) carried forward -€142,750
down €142,750 (-271.4%), from -€52,590 to -€195,340
- Debts after one year -€52,695
down €52,695 (-10.8%), from €488,648 to €435,953
- Trade debts +€23,562
up €23,562 (+13.6%), from €173,349 to €196,911
- Staff costs +€75,375
up €75,375 (+39.6%), from €190,351 to €265,726
- Gross operating margin -€26,636
down €26,636 (-10.8%), from €247,130 to €220,494
- Other operating charges -€6,054
down €6,054 (-70.5%), from €8,590 to €2,536
- Financial charges -€6,017
down €6,017 (-13.3%), from €45,334 to €39,317
- Depreciation -€2,481
down €2,481 (-4.2%), from €58,500 to €56,019
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 | €914,575 | €752,606 | -€161,969 | -17.7% |
| Fixed assets | 21/28 | €509,598 | €454,733 | -€54,865 | -10.8% |
| Tangible fixed assets | 22/27 | €509,598 | €454,733 | -€54,865 | -10.8% |
| Land and buildings | 22 | €494,140 | €447,460 | -€46,681 | -9.4% |
| Plant, machinery and equipment | 23 | €3,337 | €2,032 | -€1,306 | -39.1% |
| Furniture and vehicles | 24 | €12,120 | €5,242 | -€6,879 | -56.8% |
| Current assets | 29/58 | €404,977 | €297,874 | -€107,104 | -26.4% |
| Stocks and contracts in progress | 3 | €158,500 | €118,814 | -€39,686 | -25.0% |
| Stocks | 30/36 | €126,500 | €118,814 | -€7,686 | -6.1% |
| Contracts in progress | 37 | €32,000 | - | -€32,000 | |
| Amounts receivable within one year | 40/41 | €230,609 | €168,446 | -€62,163 | -27.0% |
| Trade receivables | 40 | €161,142 | €108,469 | -€52,672 | -32.7% |
| Other amounts receivable | 41 | €69,468 | €59,977 | -€9,491 | -13.7% |
| Cash at bank and in hand | 54/58 | €2,875 | €4,529 | +€1,653 | +57.5% |
| Deferred charges and accrued income | 490/1 | €12,993 | €6,085 | -€6,908 | -53.2% |
| Total equity and liabilities | 10/49 | €914,575 | €752,606 | -€161,969 | -17.7% |
| Equity | 10/15 | €32,567 | -€110,183 | -€142,750 | |
| Contributions | 10/11 | €6,667 | €6,667 | = | 0.0% |
| Reserves | 13 | €78,490 | €78,490 | = | 0.0% |
| Distributable reserves | 133 | €78,490 | €78,490 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€52,590 | -€195,340 | -€142,750 | -271.4% |
| Amounts payable | 17/49 | €882,009 | €862,789 | -€19,220 | -2.2% |
| Amounts payable after more than one year | 17 | €488,648 | €435,953 | -€52,695 | -10.8% |
| Financial debts | 170/4 | €488,648 | €435,953 | -€52,695 | -10.8% |
| Amounts payable within one year | 42/48 | €393,361 | €424,287 | +€30,927 | +7.9% |
| Current portion of amounts payable after more than one year | 42 | €53,184 | €52,695 | -€490 | -0.9% |
| Financial debts | 43 | €137,850 | €142,095 | +€4,244 | +3.1% |
| Credit institutions | 430/8 | €137,850 | €142,095 | +€4,244 | +3.1% |
| Trade debts | 44 | €173,349 | €196,911 | +€23,562 | +13.6% |
| Suppliers | 440/4 | €173,349 | €196,911 | +€23,562 | +13.6% |
| Taxes, remuneration and social security | 45 | €18,976 | €22,786 | +€3,810 | +20.1% |
| Taxes | 450/3 | €1,000 | €2,727 | +€1,727 | +172.7% |
| Remuneration and social security | 454/9 | €17,976 | €20,059 | +€2,083 | +11.6% |
| Other amounts payable | 47/48 | €10,001 | €9,801 | -€200 | -2.0% |
| Accrued charges and deferred income | 492/3 | - | €2,548 | +€2,548 | |
| Remuneration, social security and pensions | 62 | €190,351 | €265,726 | +€75,375 | +39.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €58,500 | €56,019 | -€2,481 | -4.2% |
| Other operating charges | 640/8 | €8,590 | €2,536 | -€6,054 | -70.5% |
| Gross operating margin | 9900 | €247,130 | €220,494 | -€26,636 | -10.8% |
| Operating profit (loss) | 9901 | -€10,311 | -€103,787 | -€93,477 | -906.6% |
| Financial income | 75/76B | €61 | €515 | +€455 | +746.5% |
| Recurring financial income | 75 | €61 | €515 | +€455 | +746.5% |
| Financial charges | 65/66B | €45,334 | €39,317 | -€6,017 | -13.3% |
| Recurring financial charges | 65 | €45,334 | €39,317 | -€6,017 | -13.3% |
| Profit (loss) for the period before taxes | 9903 | -€55,584 | -€142,589 | -€87,005 | -156.5% |
| Income taxes | 67/77 | €143 | €161 | +€18 | +12.4% |
| Profit (loss) for the period | 9904 | -€55,727 | -€142,750 | -€87,023 | -156.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€55,727 | -€142,750 | -€87,023 | -156.2% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.