ELECTRO PG: what changed
ELECTRO PG
Largest movements
- Receivables within one year +€27,779
up €27,779 (+1,342%), from €2,069 to €29,848
of which Trade receivables: +€26,542
- Cash -€6,805
down €6,805 (-22.1%), from €30,790 to €23,984
mainly Receivables within one year (-€27,779) and Stocks and contracts (-€4,690)
- Tangible fixed assets -€5,546
down €5,546 (-36.3%), from €15,297 to €9,751
of which Furniture and vehicles: -€3,989
- Stocks and contracts +€4,690
up €4,690 (+7.9%), from €59,585 to €64,276
- Deferred charges and accrued income -€2,277
down €2,277 (-86.0%), from €2,647 to €371
- Trade debts +€12,188
up €12,188 (+425%), from €2,870 to €15,058
- Reserves +€7,752
up €7,752 (+17.9%), from €43,270 to €51,022
- Current portion of long-term debt -€2,405
no longer reported in 2025 (was €2,405)
- Gross operating margin -€29,977
down €29,977 (-34.6%), from €86,529 to €56,552
- Taxes -€6,882
down €6,882 (-64.7%), from €10,645 to €3,763
- Staff costs +€6,765
up €6,765 (+20.8%), from €32,503 to €39,268
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €111,378 | €128,901 | +€17,522 | +15.7% |
| Formation expenses | 20 | €281 | €83 | -€198 | -70.6% |
| Fixed assets | 21/28 | €16,005 | €10,339 | -€5,666 | -35.4% |
| Intangible fixed assets | 21 | €534 | €414 | -€120 | -22.5% |
| Tangible fixed assets | 22/27 | €15,297 | €9,751 | -€5,546 | -36.3% |
| Plant, machinery and equipment | 23 | €4,757 | €3,660 | -€1,097 | -23.1% |
| Furniture and vehicles | 24 | €6,890 | €2,901 | -€3,989 | -57.9% |
| Other tangible fixed assets | 26 | €3,649 | €3,189 | -€460 | -12.6% |
| Financial fixed assets | 28 | €175 | €175 | = | 0.0% |
| Current assets | 29/58 | €95,092 | €118,479 | +€23,387 | +24.6% |
| Stocks and contracts in progress | 3 | €59,585 | €64,276 | +€4,690 | +7.9% |
| Stocks | 30/36 | €59,585 | €64,276 | +€4,690 | +7.9% |
| Amounts receivable within one year | 40/41 | €2,069 | €29,848 | +€27,779 | +1,342% |
| Trade receivables | 40 | €2,069 | €28,611 | +€26,542 | +1,283% |
| Other amounts receivable | 41 | - | €1,237 | +€1,237 | |
| Cash at bank and in hand | 54/58 | €30,790 | €23,984 | -€6,805 | -22.1% |
| Deferred charges and accrued income | 490/1 | €2,647 | €371 | -€2,277 | -86.0% |
| Total equity and liabilities | 10/49 | €111,378 | €128,901 | +€17,522 | +15.7% |
| Equity | 10/15 | €53,270 | €61,022 | +€7,752 | +14.6% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €43,270 | €51,022 | +€7,752 | +17.9% |
| Distributable reserves | 133 | €43,270 | €51,022 | +€7,752 | +17.9% |
| Amounts payable | 17/49 | €58,109 | €67,879 | +€9,770 | +16.8% |
| Amounts payable within one year | 42/48 | €58,109 | €67,879 | +€9,770 | +16.8% |
| Current portion of amounts payable after more than one year | 42 | €2,405 | - | -€2,405 | |
| Trade debts | 44 | €2,870 | €15,058 | +€12,188 | +425% |
| Suppliers | 440/4 | €2,870 | €15,058 | +€12,188 | +425% |
| Taxes, remuneration and social security | 45 | €11,492 | €12,071 | +€579 | +5.0% |
| Taxes | 450/3 | €6,558 | €4,924 | -€1,634 | -24.9% |
| Remuneration and social security | 454/9 | €4,934 | €7,147 | +€2,213 | +44.8% |
| Other amounts payable | 47/48 | €41,342 | €40,749 | -€593 | -1.4% |
| Remuneration, social security and pensions | 62 | €32,503 | €39,268 | +€6,765 | +20.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,499 | €6,654 | +€156 | +2.4% |
| Other operating charges | 640/8 | €883 | €1,005 | +€122 | +13.8% |
| Gross operating margin | 9900 | €86,529 | €56,552 | -€29,977 | -34.6% |
| Operating profit (loss) | 9901 | €46,644 | €9,625 | -€37,019 | -79.4% |
| Financial income | 75/76B | €2,600 | €2,563 | -€37 | -1.4% |
| Recurring financial income | 75 | €2,600 | €2,563 | -€37 | -1.4% |
| Financial charges | 65/66B | €790 | €673 | -€117 | -14.8% |
| Recurring financial charges | 65 | €790 | €638 | -€152 | -19.2% |
| Non-recurring financial charges | 66B | - | €35 | +€35 | |
| Profit (loss) for the period before taxes | 9903 | €48,454 | €11,515 | -€36,939 | -76.2% |
| Income taxes | 67/77 | €10,645 | €3,763 | -€6,882 | -64.7% |
| Profit (loss) for the period | 9904 | €37,809 | €7,752 | -€30,057 | -79.5% |
| Profit (loss) for the period to be appropriated | 9905 | €37,809 | €7,752 | -€30,057 | -79.5% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.