ELECTRO GELDHOF: 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 GELDHOF
Largest movements
- Cash +€49,618
up €49,618 (+483%), from €10,271 to €59,889
mainly Depreciation (+€25,148) and Net result for the year (+€22,035)
- Current investments -€19,982
down €19,982 (-25.0%), from €80,042 to €60,060
- Receivables within one year -€12,124
down €12,124 (-67.9%), from €17,844 to €5,720
of which Trade receivables: -€10,590
- Tangible fixed assets -€10,116
down €10,116 (-5.0%), from €203,262 to €193,146
of which Land and buildings: -€21,763
- Financial fixed assets -€3,714
no longer reported in 2025 (was €3,714)
- Profit (loss) carried forward +€22,035
up €22,035 (+92.1%), from -€23,923 to -€1,887
- Debts after one year -€18,449
down €18,449 (-18.8%), from €98,245 to €79,796
- Tax, wage and social debts +€5,228
new in 2025: €5,228
- Gross operating margin +€51,191
up €51,191 (+270%), from €18,982 to €70,173
- Financial charges +€13,792
up €13,792 (+467%), from €2,952 to €16,744
of which Non-recurring financial charges: +€14,250
- Depreciation -€11,549
down €11,549 (-31.5%), from €36,696 to €25,148
- Taxes +€5,163
up €5,163 (+1,862%), from €277 to €5,440
- Write-downs -€847
no longer reported in 2025 (was €847)
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 | €352,605 | €354,999 | +€2,394 | +0.7% |
| Fixed assets | 21/28 | €206,977 | €193,146 | -€13,830 | -6.7% |
| Tangible fixed assets | 22/27 | €203,262 | €193,146 | -€10,116 | -5.0% |
| Land and buildings | 22 | €148,932 | €127,169 | -€21,763 | -14.6% |
| Plant, machinery and equipment | 23 | €8,445 | €4,720 | -€3,725 | -44.1% |
| Furniture and vehicles | 24 | €45,885 | €61,258 | +€15,372 | +33.5% |
| Financial fixed assets | 28 | €3,714 | - | -€3,714 | |
| Current assets | 29/58 | €145,628 | €161,852 | +€16,224 | +11.1% |
| Stocks and contracts in progress | 3 | €37,471 | €34,981 | -€2,490 | -6.6% |
| Stocks | 30/36 | €32,355 | €28,981 | -€3,374 | -10.4% |
| Contracts in progress | 37 | €5,116 | €6,000 | +€884 | +17.3% |
| Amounts receivable within one year | 40/41 | €17,844 | €5,720 | -€12,124 | -67.9% |
| Trade receivables | 40 | €11,660 | €1,070 | -€10,590 | -90.8% |
| Other amounts receivable | 41 | €6,184 | €4,650 | -€1,534 | -24.8% |
| Current investments | 50/53 | €80,042 | €60,060 | -€19,982 | -25.0% |
| Cash at bank and in hand | 54/58 | €10,271 | €59,889 | +€49,618 | +483% |
| Deferred charges and accrued income | 490/1 | - | €1,203 | +€1,203 | |
| Total equity and liabilities | 10/49 | €352,605 | €354,999 | +€2,394 | +0.7% |
| Equity | 10/15 | €227,019 | €249,054 | +€22,035 | +9.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €232,341 | €232,341 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €230,481 | €230,481 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€23,923 | -€1,887 | +€22,035 | +92.1% |
| Amounts payable | 17/49 | €125,586 | €105,944 | -€19,642 | -15.6% |
| Amounts payable after more than one year | 17 | €98,245 | €79,796 | -€18,449 | -18.8% |
| Financial debts | 170/4 | €98,245 | €79,796 | -€18,449 | -18.8% |
| Amounts payable within one year | 42/48 | €25,112 | €25,448 | +€336 | +1.3% |
| Current portion of amounts payable after more than one year | 42 | €20,325 | €18,176 | -€2,149 | -10.6% |
| Trade debts | 44 | €1,014 | €1,329 | +€316 | +31.2% |
| Suppliers | 440/4 | €1,014 | €1,329 | +€316 | +31.2% |
| Taxes, remuneration and social security | 45 | - | €5,228 | +€5,228 | |
| Taxes | 450/3 | - | €5,228 | +€5,228 | |
| Other amounts payable | 47/48 | €3,773 | €715 | -€3,058 | -81.1% |
| Accrued charges and deferred income | 492/3 | €2,230 | €700 | -€1,529 | -68.6% |
| Remuneration, social security and pensions | 62 | €330 | - | -€330 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,696 | €25,148 | -€11,549 | -31.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €847 | - | -€847 | |
| Other operating charges | 640/8 | €2,764 | €1,923 | -€841 | -30.4% |
| Gross operating margin | 9900 | €18,982 | €70,173 | +€51,191 | +270% |
| Operating profit (loss) | 9901 | -€21,655 | €43,102 | +€64,757 | |
| Financial income | 75/76B | €961 | €1,117 | +€156 | +16.2% |
| Recurring financial income | 75 | €961 | €1,117 | +€156 | +16.2% |
| Financial charges | 65/66B | €2,952 | €16,744 | +€13,792 | +467% |
| Recurring financial charges | 65 | €2,952 | €2,494 | -€458 | -15.5% |
| Non-recurring financial charges | 66B | - | €14,250 | +€14,250 | |
| Profit (loss) for the period before taxes | 9903 | -€23,645 | €27,475 | +€51,121 | |
| Income taxes | 67/77 | €277 | €5,440 | +€5,163 | +1,862% |
| Profit (loss) for the period | 9904 | -€23,923 | €22,035 | +€45,958 | |
| Profit (loss) for the period to be appropriated | 9905 | -€23,923 | €22,035 | +€45,958 |
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 19 October 2026 via checked.be.