ELECTRO HAEST: 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 HAEST
Largest movements
- Tangible fixed assets -€23,881
down €23,881 (-6.2%), from €387,602 to €363,721
of which Furniture and vehicles: -€12,526
- Cash -€4,813
down €4,813 (-45.7%), from €10,533 to €5,720
mainly Debts after one year (-€37,756) and Net result for the year (-€8,798)
- Debts after one year -€37,756
down €37,756 (-11.6%), from €325,930 to €288,174
of which Financial debts: -€37,756
- Trade debts +€17,182
up €17,182 (+424%), from €4,054 to €21,235
- Profit (loss) carried forward -€8,798
new in 2025: -€8,798
- Other debts +€7,628
up €7,628 (+24.9%), from €30,606 to €38,234
- Gross operating margin -€27,720
down €27,720 (-56.9%), from €48,716 to €20,996
- Taxes -€4,486
down €4,486 (-96.7%), from €4,639 to €154
- Financial charges -€3,230
down €3,230 (-48.0%), from €6,724 to €3,494
- Staff costs +€1,975
new in 2025: €1,975
- Depreciation -€706
down €706 (-2.9%), from €24,588 to €23,881
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 | €448,731 | €424,732 | -€23,999 | -5.3% |
| Fixed assets | 21/28 | €387,602 | €363,721 | -€23,881 | -6.2% |
| Tangible fixed assets | 22/27 | €387,602 | €363,721 | -€23,881 | -6.2% |
| Land and buildings | 22 | €352,163 | €341,055 | -€11,108 | -3.2% |
| Plant, machinery and equipment | 23 | €370 | €122 | -€248 | -67.0% |
| Furniture and vehicles | 24 | €35,070 | €22,544 | -€12,526 | -35.7% |
| Current assets | 29/58 | €61,129 | €61,011 | -€118 | -0.2% |
| Stocks and contracts in progress | 3 | €25,816 | €26,798 | +€982 | +3.8% |
| Stocks | 30/36 | €25,816 | €26,798 | +€982 | +3.8% |
| Amounts receivable within one year | 40/41 | €24,320 | €28,493 | +€4,173 | +17.2% |
| Trade receivables | 40 | €19,030 | €27,554 | +€8,524 | +44.8% |
| Other amounts receivable | 41 | €5,290 | €938 | -€4,352 | -82.3% |
| Cash at bank and in hand | 54/58 | €10,533 | €5,720 | -€4,813 | -45.7% |
| Deferred charges and accrued income | 490/1 | €461 | - | -€461 | |
| Total equity and liabilities | 10/49 | €448,731 | €424,732 | -€23,999 | -5.3% |
| Equity | 10/15 | €47,977 | €39,179 | -€8,798 | -18.3% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €41,977 | €41,977 | = | 0.0% |
| Distributable reserves | 133 | €41,977 | €41,977 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€8,798 | -€8,798 | |
| Amounts payable | 17/49 | €400,754 | €385,552 | -€15,202 | -3.8% |
| Amounts payable after more than one year | 17 | €325,930 | €288,174 | -€37,756 | -11.6% |
| Financial debts | 170/4 | €225,930 | €188,174 | -€37,756 | -16.7% |
| Other amounts payable | 178/9 | €100,000 | €100,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €74,741 | €97,379 | +€22,638 | +30.3% |
| Current portion of amounts payable after more than one year | 42 | €40,081 | €37,756 | -€2,325 | -5.8% |
| Trade debts | 44 | €4,054 | €21,235 | +€17,182 | +424% |
| Suppliers | 440/4 | €4,054 | €21,235 | +€17,182 | +424% |
| Taxes, remuneration and social security | 45 | - | €154 | +€154 | |
| Taxes | 450/3 | - | €154 | +€154 | |
| Other amounts payable | 47/48 | €30,606 | €38,234 | +€7,628 | +24.9% |
| Accrued charges and deferred income | 492/3 | €83 | - | -€83 | |
| Remuneration, social security and pensions | 62 | - | €1,975 | +€1,975 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,588 | €23,881 | -€706 | -2.9% |
| Other operating charges | 640/8 | €277 | €306 | +€28 | +10.2% |
| Gross operating margin | 9900 | €48,716 | €20,996 | -€27,720 | -56.9% |
| Operating profit (loss) | 9901 | €23,851 | -€5,166 | -€29,017 | |
| Financial income | 75/76B | €41 | €16 | -€25 | -60.2% |
| Recurring financial income | 75 | €41 | €16 | -€25 | -60.2% |
| Financial charges | 65/66B | €6,724 | €3,494 | -€3,230 | -48.0% |
| Recurring financial charges | 65 | €6,724 | €3,494 | -€3,230 | -48.0% |
| Profit (loss) for the period before taxes | 9903 | €17,168 | -€8,644 | -€25,812 | |
| Income taxes | 67/77 | €4,639 | €154 | -€4,486 | -96.7% |
| Profit (loss) for the period | 9904 | €12,529 | -€8,798 | -€21,327 | |
| Profit (loss) for the period to be appropriated | 9905 | €12,529 | -€8,798 | -€21,327 |
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 17 October 2026 via checked.be.