Electro Marc Decaluwé: 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 Marc Decaluwé
Largest movements
- Cash -€5,091
down €5,091 (-13.2%), from €38,545 to €33,455
mainly Net result for the year (-€10,139) and Receivables within one year (-€2,442)
- Receivables within one year +€2,442
up €2,442 (+69.9%), from €3,496 to €5,937
of which Trade receivables: +€3,100
- Profit (loss) carried forward -€10,139
down €10,139 (-98.1%), from €10,339 to €200
- Tax, wage and social debts +€6,550
up €6,550 (+50.0%), from €13,100 to €19,650
- Gross operating margin -€8,033
down €8,033 (-35.5%), from €22,627 to €14,594
- Other operating charges +€1,618
up €1,618 (+7.7%), from €21,098 to €22,716
- Financial income -€586
down €586 (-48.1%), from €1,217 to €631
- Staff costs -€564
down €564 (-97.2%), from €580 to €16
- Depreciation +€497
up €497 (+51.7%), from €961 to €1,458
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 | €59,518 | €55,943 | -€3,575 | -6.0% |
| Fixed assets | 21/28 | €2,764 | €2,372 | -€392 | -14.2% |
| Tangible fixed assets | 22/27 | €2,764 | €2,372 | -€392 | -14.2% |
| Plant, machinery and equipment | 23 | €2,764 | €2,372 | -€392 | -14.2% |
| Current assets | 29/58 | €56,754 | €53,571 | -€3,183 | -5.6% |
| Stocks and contracts in progress | 3 | €14,714 | €14,180 | -€534 | -3.6% |
| Stocks | 30/36 | €14,714 | €14,180 | -€534 | -3.6% |
| Amounts receivable within one year | 40/41 | €3,496 | €5,937 | +€2,442 | +69.9% |
| Trade receivables | 40 | €2,507 | €5,607 | +€3,100 | +124% |
| Other amounts receivable | 41 | €989 | €331 | -€658 | -66.6% |
| Cash at bank and in hand | 54/58 | €38,545 | €33,455 | -€5,091 | -13.2% |
| Total equity and liabilities | 10/49 | €59,518 | €55,943 | -€3,575 | -6.0% |
| Equity | 10/15 | €44,424 | €34,285 | -€10,139 | -22.8% |
| Contributions | 10/11 | €30,987 | €30,987 | = | 0.0% |
| Reserves | 13 | €3,099 | €3,099 | = | 0.0% |
| Distributable reserves | 133 | €3,099 | €3,099 | = | 0.0% |
| Profit (loss) carried forward | 14 | €10,339 | €200 | -€10,139 | -98.1% |
| Amounts payable | 17/49 | €15,094 | €21,658 | +€6,564 | +43.5% |
| Amounts payable within one year | 42/48 | €15,094 | €21,658 | +€6,564 | +43.5% |
| Trade debts | 44 | €1,608 | €1,644 | +€36 | +2.2% |
| Suppliers | 440/4 | €1,608 | €1,644 | +€36 | +2.2% |
| Taxes, remuneration and social security | 45 | €13,100 | €19,650 | +€6,550 | +50.0% |
| Remuneration and social security | 454/9 | €13,100 | €19,650 | +€6,550 | +50.0% |
| Other amounts payable | 47/48 | €385 | €364 | -€22 | -5.7% |
| Remuneration, social security and pensions | 62 | €580 | €16 | -€564 | -97.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €961 | €1,458 | +€497 | +51.7% |
| Other operating charges | 640/8 | €21,098 | €22,716 | +€1,618 | +7.7% |
| Gross operating margin | 9900 | €22,627 | €14,594 | -€8,033 | -35.5% |
| Operating profit (loss) | 9901 | -€12 | -€9,596 | -€9,584 | -78,427% |
| Financial income | 75/76B | €1,217 | €631 | -€586 | -48.1% |
| Recurring financial income | 75 | €1,217 | €631 | -€586 | -48.1% |
| Financial charges | 65/66B | €1,141 | €1,174 | +€33 | +2.9% |
| Recurring financial charges | 65 | €1,141 | €1,174 | +€33 | +2.9% |
| Profit (loss) for the period before taxes | 9903 | €63 | -€10,139 | -€10,202 | |
| Profit (loss) for the period | 9904 | €63 | -€10,139 | -€10,202 | |
| Profit (loss) for the period to be appropriated | 9905 | €63 | -€10,139 | -€10,202 |
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 25 October 2026 via checked.be.