ELECTRO PASCAL: 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 PASCAL
Largest movements
- Cash +€17,803
up €17,803 (+17.0%), from €104,679 to €122,481
mainly Net result for the year (+€24,888) and Trade debts (+€4,398)
- Receivables within one year +€10,256
up €10,256 (+75.9%), from €13,506 to €23,762
of which Trade receivables: +€9,922
- Reserves +€24,888
up €24,888 (+28.8%), from €86,527 to €111,414
- Trade debts +€4,398
up €4,398 (+73.6%), from €5,974 to €10,372
- Gross operating margin +€17,495
up €17,495 (+79.0%), from €22,137 to €39,632
- Taxes +€5,516
up €5,516 (+80.8%), from €6,824 to €12,341
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 | €118,871 | €146,863 | +€27,992 | +23.5% |
| Fixed assets | 21/28 | €686 | €619 | -€67 | -9.7% |
| Tangible fixed assets | 22/27 | €686 | €619 | -€67 | -9.7% |
| Plant, machinery and equipment | 23 | €686 | €619 | -€67 | -9.7% |
| Current assets | 29/58 | €118,184 | €146,244 | +€28,059 | +23.7% |
| Amounts receivable within one year | 40/41 | €13,506 | €23,762 | +€10,256 | +75.9% |
| Trade receivables | 40 | €12,139 | €22,061 | +€9,922 | +81.7% |
| Other amounts receivable | 41 | €1,367 | €1,701 | +€334 | +24.5% |
| Cash at bank and in hand | 54/58 | €104,679 | €122,481 | +€17,803 | +17.0% |
| Total equity and liabilities | 10/49 | €118,871 | €146,863 | +€27,992 | +23.5% |
| Equity | 10/15 | €97,690 | €122,577 | +€24,888 | +25.5% |
| Contributions | 10/11 | €11,163 | €11,163 | = | 0.0% |
| Reserves | 13 | €86,527 | €111,414 | +€24,888 | +28.8% |
| Distributable reserves | 133 | €86,527 | €111,414 | +€24,888 | +28.8% |
| Amounts payable | 17/49 | €21,181 | €24,285 | +€3,105 | +14.7% |
| Amounts payable within one year | 42/48 | €21,181 | €24,285 | +€3,105 | +14.7% |
| Trade debts | 44 | €5,974 | €10,372 | +€4,398 | +73.6% |
| Suppliers | 440/4 | €5,974 | €10,372 | +€4,398 | +73.6% |
| Taxes, remuneration and social security | 45 | €4,147 | €3,663 | -€484 | -11.7% |
| Taxes | 450/3 | €4,147 | €3,663 | -€484 | -11.7% |
| Other amounts payable | 47/48 | €11,060 | €10,251 | -€809 | -7.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €443 | €583 | +€140 | +31.6% |
| Other operating charges | 640/8 | €1,046 | €1,133 | +€87 | +8.3% |
| Gross operating margin | 9900 | €22,137 | €39,632 | +€17,495 | +79.0% |
| Operating profit (loss) | 9901 | €20,648 | €37,916 | +€17,268 | +83.6% |
| Financial charges | 65/66B | €613 | €688 | +€75 | +12.2% |
| Recurring financial charges | 65 | €613 | €688 | +€75 | +12.2% |
| Profit (loss) for the period before taxes | 9903 | €20,035 | €37,228 | +€17,193 | +85.8% |
| Income taxes | 67/77 | €6,824 | €12,341 | +€5,516 | +80.8% |
| Profit (loss) for the period | 9904 | €13,211 | €24,888 | +€11,677 | +88.4% |
| Profit (loss) for the period to be appropriated | 9905 | €13,211 | €24,888 | +€11,677 | +88.4% |
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 15 October 2026 via checked.be.