ELECTRO-KAZHANI: 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-KAZHANI
Largest movements
- Tangible fixed assets -€44,082
down €44,082 (-98.1%), from €44,938 to €856
of which Furniture and vehicles: -€42,665
- Receivables within one year -€27,247
down €27,247 (-14.9%), from €182,850 to €155,602
of which Trade receivables: -€100,505
- Cash -€4,220
no longer reported in 2025 (was €4,220)
mainly Net result for the year (-€80,506) and Tax, wage and social debts (-€9,043)
- Profit (loss) carried forward -€80,506
down €80,506 (-58.0%), from €138,829 to €58,323
- Debts after one year +€13,111
up €13,111 (+41.3%), from €31,778 to €44,889
- Tax, wage and social debts -€9,043
down €9,043 (-60.9%), from €14,840 to €5,797
- Turnover -€423,625
down €423,625 (-91.8%), from €461,229 to €37,604
- Purchases and services -€342,640
down €342,640 (-77.5%), from €441,967 to €99,327
- Gross operating margin -€82,486
down €82,486, from €28,208 to -€54,278
- Depreciation -€18,058
down €18,058 (-76.4%), from €23,622 to €5,564
- Other operating charges +€14,387
up €14,387 (+610.2%), from €2,358 to €16,745
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 | €232,844 | €157,259 | -€75,585 | -32.5% |
| Formation expenses | 20 | €36 | - | -€36 | |
| Fixed assets | 21/28 | €45,738 | €1,656 | -€44,082 | -96.4% |
| Tangible fixed assets | 22/27 | €44,938 | €856 | -€44,082 | -98.1% |
| Plant, machinery and equipment | 23 | €1,564 | €147 | -€1,417 | -90.6% |
| Furniture and vehicles | 24 | €43,374 | €709 | -€42,665 | -98.4% |
| Financial fixed assets | 28 | €800 | €800 | = | 0.0% |
| Current assets | 29/58 | €187,069 | €155,602 | -€31,467 | -16.8% |
| Amounts receivable within one year | 40/41 | €182,850 | €155,602 | -€27,247 | -14.9% |
| Trade receivables | 40 | €107,441 | €6,936 | -€100,505 | -93.5% |
| Other amounts receivable | 41 | €75,409 | €148,667 | +€73,258 | +97.1% |
| Cash at bank and in hand | 54/58 | €4,220 | - | -€4,220 | |
| Total equity and liabilities | 10/49 | €232,844 | €157,259 | -€75,585 | -32.5% |
| Equity | 10/15 | €141,829 | €61,323 | -€80,506 | -56.8% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €138,829 | €58,323 | -€80,506 | -58.0% |
| Amounts payable | 17/49 | €91,015 | €95,935 | +€4,921 | +5.4% |
| Amounts payable after more than one year | 17 | €31,778 | €44,889 | +€13,111 | +41.3% |
| Financial debts | 170/4 | €31,778 | €44,889 | +€13,111 | +41.3% |
| Amounts payable within one year | 42/48 | €59,237 | €51,047 | -€8,190 | -13.8% |
| Current portion of amounts payable after more than one year | 42 | €12,858 | €14,265 | +€1,407 | +10.9% |
| Financial debts | 43 | - | €752 | +€752 | |
| Credit institutions | 430/8 | - | €752 | +€752 | |
| Trade debts | 44 | €22,938 | €22,130 | -€808 | -3.5% |
| Suppliers | 440/4 | €22,938 | €22,130 | -€808 | -3.5% |
| Taxes, remuneration and social security | 45 | €14,840 | €5,797 | -€9,043 | -60.9% |
| Taxes | 450/3 | €14,840 | €5,797 | -€9,043 | -60.9% |
| Other amounts payable | 47/48 | €8,601 | €8,102 | -€499 | -5.8% |
| Turnover | 70 | €461,229 | €37,604 | -€423,625 | -91.8% |
| Goods, raw materials, services and sundry goods | 60/61 | €441,967 | €99,327 | -€342,640 | -77.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,622 | €5,564 | -€18,058 | -76.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €6,490 | +€6,490 | |
| Other operating charges | 640/8 | €2,358 | €16,745 | +€14,387 | +610.2% |
| Gross operating margin | 9900 | €28,208 | -€54,278 | -€82,486 | |
| Operating profit (loss) | 9901 | €2,228 | -€83,076 | -€85,305 | |
| Financial income | 75/76B | €3,403 | €5,923 | +€2,519 | +74.0% |
| Recurring financial income | 75 | €3,403 | €5,923 | +€2,519 | +74.0% |
| Financial charges | 65/66B | €2,605 | €2,949 | +€344 | +13.2% |
| Recurring financial charges | 65 | €2,605 | €2,949 | +€344 | +13.2% |
| Profit (loss) for the period before taxes | 9903 | €3,026 | -€80,102 | -€83,129 | |
| Income taxes | 67/77 | €2,102 | €403 | -€1,698 | -80.8% |
| Profit (loss) for the period | 9904 | €925 | -€80,506 | -€81,430 | |
| Profit (loss) for the period to be appropriated | 9905 | €925 | -€80,506 | -€81,430 |
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 12 October 2026 via checked.be.