ELECTRO KERFS: what changed
Two fiscal 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 KERFS
Largest movements
- Cash +€139,571
up €139,571 (+46.3%), from €301,361 to €440,932
mainly Stocks and contracts (+€97,436) and Net result for the year (+€54,014)
- Stocks and contracts -€97,436
down €97,436 (-87.8%), from €110,932 to €13,496
- Receivables within one year +€19,970
up €19,970 (+23.3%), from €85,862 to €105,832
of which Trade receivables: +€30,407
- Reserves +€54,014
up €54,014 (+15.6%), from €346,795 to €400,809
of which Distributable reserves: +€54,014
- Tax, wage and social debts +€13,461
up €13,461 (+33.3%), from €40,375 to €53,835
- Trade debts -€8,601
down €8,601 (-29.8%), from €28,823 to €20,222
- Provisions +€58,565
no longer reported in 2025 (was -€58,565)
- Gross operating margin +€24,963
up €24,963 (+62.9%), from €39,711 to €64,673
- Taxes -€13,675
down €13,675 (-40.8%), from €33,497 to €19,822
- Financial income -€8,449
down €8,449 (-43.7%), from €19,315 to €10,867
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 | €501,246 | €560,260 | +€59,014 | +11.8% |
| Fixed assets | 21/28 | €590 | - | -€590 | |
| Intangible fixed assets | 21 | €590 | - | -€590 | |
| Current assets | 29/58 | €500,656 | €560,260 | +€59,604 | +11.9% |
| Stocks and contracts in progress | 3 | €110,932 | €13,496 | -€97,436 | -87.8% |
| Stocks | 30/36 | €110,932 | €13,496 | -€97,436 | -87.8% |
| Amounts receivable within one year | 40/41 | €85,862 | €105,832 | +€19,970 | +23.3% |
| Trade receivables | 40 | €65,425 | €95,832 | +€30,407 | +46.5% |
| Other amounts receivable | 41 | €20,438 | €10,000 | -€10,438 | -51.1% |
| Cash at bank and in hand | 54/58 | €301,361 | €440,932 | +€139,571 | +46.3% |
| Deferred charges and accrued income | 490/1 | €2,500 | - | -€2,500 | |
| Total equity and liabilities | 10/49 | €501,246 | €560,260 | +€59,014 | +11.8% |
| Equity | 10/15 | €420,895 | €474,909 | +€54,014 | +12.8% |
| Contributions | 10/11 | €74,100 | €74,100 | = | 0.0% |
| Reserves | 13 | €346,795 | €400,809 | +€54,014 | +15.6% |
| Non-distributable reserves | 130/1 | €7,410 | €7,410 | = | 0.0% |
| Reserves not available under the articles | 1311 | €7,410 | €7,410 | = | 0.0% |
| Distributable reserves | 133 | €339,385 | €393,399 | +€54,014 | +15.9% |
| Amounts payable | 17/49 | €80,351 | €85,351 | +€4,999 | +6.2% |
| Amounts payable within one year | 42/48 | €80,351 | €85,351 | +€4,999 | +6.2% |
| Trade debts | 44 | €28,823 | €20,222 | -€8,601 | -29.8% |
| Suppliers | 440/4 | €28,823 | €20,222 | -€8,601 | -29.8% |
| Advances received on contracts in progress | 46 | €243 | €243 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €40,375 | €53,835 | +€13,461 | +33.3% |
| Taxes | 450/3 | €40,375 | €53,835 | +€13,461 | +33.3% |
| Other amounts payable | 47/48 | €10,910 | €11,050 | +€140 | +1.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €590 | +€590 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€58,565 | - | +€58,565 | |
| Other operating charges | 640/8 | €899 | €870 | -€29 | -3.3% |
| Gross operating margin | 9900 | €39,711 | €64,673 | +€24,963 | +62.9% |
| Operating profit (loss) | 9901 | €97,376 | €63,213 | -€34,163 | -35.1% |
| Financial income | 75/76B | €19,315 | €10,867 | -€8,449 | -43.7% |
| Recurring financial income | 75 | €19,315 | €10,867 | -€8,449 | -43.7% |
| Financial charges | 65/66B | €547 | €243 | -€304 | -55.6% |
| Recurring financial charges | 65 | €547 | €243 | -€304 | -55.6% |
| Profit (loss) for the period before taxes | 9903 | €116,145 | €73,837 | -€42,308 | -36.4% |
| Income taxes | 67/77 | €33,497 | €19,822 | -€13,675 | -40.8% |
| Profit (loss) for the period | 9904 | €82,648 | €54,014 | -€28,633 | -34.6% |
| Profit (loss) for the period to be appropriated | 9905 | €82,648 | €54,014 | -€28,633 | -34.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.