Electro Natie: 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 Natie
Largest movements
- Receivables within one year +€141,343
up €141,343 (+133%), from €106,093 to €247,437
of which Trade receivables: +€147,185
- Cash -€84,209
down €84,209 (-92.4%), from €91,125 to €6,916
mainly Receivables within one year (-€141,343) and Contributions, distributions and other (-€52,000)
- Tangible fixed assets -€41,119
down €41,119 (-27.6%), from €149,142 to €108,023
of which Furniture and vehicles: -€25,211
- Stocks and contracts -€8,221
down €8,221 (-26.8%), from €30,632 to €22,411
of which Stocks: -€8,221
- Deferred charges and accrued income -€4,440
down €4,440 (-100%), from €4,440 to €0
- Accrued charges and deferred income +€48,000
new in 2025: €48,000
- Other debts -€20,185
down €20,185 (-14.1%), from €143,124 to €122,940
- Debts after one year -€17,866
down €17,866 (-22.3%), from €79,952 to €62,086
- Current portion of long-term debt -€9,341
down €9,341 (-34.3%), from €27,207 to €17,866
- Gross operating margin +€27,567
up €27,567 (+18.5%), from €148,633 to €176,200
- Write-downs +€12,356
new in 2025: €12,356
- Staff costs +€8,429
up €8,429 (+19.7%), from €42,868 to €51,298
- Taxes -€3,644
down €3,644 (-26.0%), from €13,994 to €10,350
- Other operating charges -€2,285
down €2,285 (-44.2%), from €5,165 to €2,880
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 | €385,633 | €388,988 | +€3,354 | +0.9% |
| Fixed assets | 21/28 | €153,342 | €112,223 | -€41,119 | -26.8% |
| Tangible fixed assets | 22/27 | €149,142 | €108,023 | -€41,119 | -27.6% |
| Land and buildings | 22 | €81,894 | €71,181 | -€10,713 | -13.1% |
| Plant, machinery and equipment | 23 | €16,467 | €11,783 | -€4,684 | -28.4% |
| Furniture and vehicles | 24 | €49,202 | €23,990 | -€25,211 | -51.2% |
| Other tangible fixed assets | 26 | €1,579 | €1,069 | -€511 | -32.3% |
| Financial fixed assets | 28 | €4,200 | €4,200 | = | 0.0% |
| Current assets | 29/58 | €232,291 | €276,764 | +€44,473 | +19.1% |
| Stocks and contracts in progress | 3 | €30,632 | €22,411 | -€8,221 | -26.8% |
| Stocks | 30/36 | €30,632 | €22,411 | -€8,221 | -26.8% |
| Contracts in progress | 37 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €106,093 | €247,437 | +€141,343 | +133% |
| Trade receivables | 40 | €90,644 | €237,828 | +€147,185 | +162% |
| Other amounts receivable | 41 | €15,450 | €9,608 | -€5,841 | -37.8% |
| Cash at bank and in hand | 54/58 | €91,125 | €6,916 | -€84,209 | -92.4% |
| Deferred charges and accrued income | 490/1 | €4,440 | €0 | -€4,440 | -100% |
| Total equity and liabilities | 10/49 | €385,633 | €388,988 | +€3,354 | +0.9% |
| Equity | 10/15 | €126,271 | €126,397 | +€126 | +0.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €107,671 | €107,797 | +€126 | +0.1% |
| Distributable reserves | 133 | €107,671 | €107,797 | +€126 | +0.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €259,362 | €262,591 | +€3,228 | +1.2% |
| Amounts payable after more than one year | 17 | €79,952 | €62,086 | -€17,866 | -22.3% |
| Financial debts | 170/4 | €79,952 | €62,086 | -€17,866 | -22.3% |
| Amounts payable within one year | 42/48 | €179,411 | €152,505 | -€26,906 | -15.0% |
| Current portion of amounts payable after more than one year | 42 | €27,207 | €17,866 | -€9,341 | -34.3% |
| Financial debts | 43 | - | €2 | +€2 | |
| Other loans | 439 | - | €2 | +€2 | |
| Trade debts | 44 | €4,347 | €6,576 | +€2,229 | +51.3% |
| Suppliers | 440/4 | €4,347 | €6,576 | +€2,229 | +51.3% |
| Taxes, remuneration and social security | 45 | €4,732 | €5,121 | +€389 | +8.2% |
| Taxes | 450/3 | €424 | €199 | -€225 | -53.0% |
| Remuneration and social security | 454/9 | €4,308 | €4,922 | +€614 | +14.2% |
| Other amounts payable | 47/48 | €143,124 | €122,940 | -€20,185 | -14.1% |
| Accrued charges and deferred income | 492/3 | - | €48,000 | +€48,000 | |
| Remuneration, social security and pensions | 62 | €42,868 | €51,298 | +€8,429 | +19.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,792 | €41,119 | +€1,327 | +3.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €12,356 | +€12,356 | |
| Other operating charges | 640/8 | €5,165 | €2,880 | -€2,285 | -44.2% |
| Gross operating margin | 9900 | €148,633 | €176,200 | +€27,567 | +18.5% |
| Operating profit (loss) | 9901 | €60,808 | €68,547 | +€7,739 | +12.7% |
| Financial income | 75/76B | €196 | €393 | +€197 | +101% |
| Recurring financial income | 75 | €196 | €393 | +€197 | +101% |
| Financial charges | 65/66B | €5,181 | €6,463 | +€1,282 | +24.7% |
| Recurring financial charges | 65 | €5,181 | €6,463 | +€1,282 | +24.7% |
| Profit (loss) for the period before taxes | 9903 | €55,822 | €62,476 | +€6,654 | +11.9% |
| Income taxes | 67/77 | €13,994 | €10,350 | -€3,644 | -26.0% |
| Profit (loss) for the period | 9904 | €41,828 | €52,126 | +€10,298 | +24.6% |
| Profit (loss) for the period to be appropriated | 9905 | €41,828 | €52,126 | +€10,298 | +24.6% |
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 24 October 2026 via checked.be.