ELECTRO-PIECES JV: 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-PIECES JV
Largest movements
- Stocks and contracts -€14,200
down €14,200 (-29.1%), from €48,775 to €34,575
- Tangible fixed assets -€8,978
down €8,978 (-36.3%), from €24,764 to €15,786
- Receivables within one year +€6,717
up €6,717 (+61.5%), from €10,923 to €17,640
of which Trade receivables: +€5,052
- Debts after one year -€10,305
no longer reported in 2025 (was €10,305)
- Trade debts -€5,786
down €5,786 (-8.6%), from €67,339 to €61,553
- Other debts -€4,964
down €4,964 (-30.4%), from €16,334 to €11,370
- Profit (loss) carried forward +€2,242
up €2,242, from -€1,378 to €864
- Tax, wage and social debts +€1,904
up €1,904 (+20.9%), from €9,107 to €11,011
- Write-downs +€14,818
new in 2025: €14,818
- Gross operating margin +€13,151
up €13,151 (+81.4%), from €16,156 to €29,307
- Other operating charges +€683
up €683 (+321%), from €213 to €896
- Taxes +€410
up €410 (+174%), from €236 to €646
- Depreciation -€340
down €340 (-3.6%), from €9,318 to €8,978
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 | €117,316 | €100,387 | -€16,929 | -14.4% |
| Fixed assets | 21/28 | €24,764 | €15,786 | -€8,978 | -36.3% |
| Tangible fixed assets | 22/27 | €24,764 | €15,786 | -€8,978 | -36.3% |
| Furniture and vehicles | 24 | €24,764 | €15,786 | -€8,978 | -36.3% |
| Current assets | 29/58 | €92,552 | €84,601 | -€7,951 | -8.6% |
| Stocks and contracts in progress | 3 | €48,775 | €34,575 | -€14,200 | -29.1% |
| Stocks | 30/36 | €48,775 | €34,575 | -€14,200 | -29.1% |
| Amounts receivable within one year | 40/41 | €10,923 | €17,640 | +€6,717 | +61.5% |
| Trade receivables | 40 | €9,553 | €14,605 | +€5,052 | +52.9% |
| Other amounts receivable | 41 | €1,370 | €3,035 | +€1,665 | +122% |
| Cash at bank and in hand | 54/58 | €30,721 | €30,746 | +€25 | +0.1% |
| Deferred charges and accrued income | 490/1 | €2,133 | €1,640 | -€493 | -23.1% |
| Total equity and liabilities | 10/49 | €117,316 | €100,387 | -€16,929 | -14.4% |
| Equity | 10/15 | €3,622 | €5,864 | +€2,242 | +61.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,378 | €864 | +€2,242 | |
| Amounts payable | 17/49 | €113,694 | €94,523 | -€19,171 | -16.9% |
| Amounts payable after more than one year | 17 | €10,305 | - | -€10,305 | |
| Financial debts | 170/4 | €10,305 | - | -€10,305 | |
| Amounts payable within one year | 42/48 | €103,389 | €94,523 | -€8,866 | -8.6% |
| Current portion of amounts payable after more than one year | 42 | €10,305 | €10,305 | = | 0.0% |
| Trade debts | 44 | €67,339 | €61,553 | -€5,786 | -8.6% |
| Suppliers | 440/4 | €67,339 | €61,553 | -€5,786 | -8.6% |
| Advances received on contracts in progress | 46 | €304 | €284 | -€20 | -6.6% |
| Taxes, remuneration and social security | 45 | €9,107 | €11,011 | +€1,904 | +20.9% |
| Taxes | 450/3 | €9,107 | €11,011 | +€1,904 | +20.9% |
| Other amounts payable | 47/48 | €16,334 | €11,370 | -€4,964 | -30.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,318 | €8,978 | -€340 | -3.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €14,818 | +€14,818 | |
| Other operating charges | 640/8 | €213 | €896 | +€683 | +321% |
| Non-recurring operating charges | 66A | €193 | €75 | -€118 | -61.1% |
| Gross operating margin | 9900 | €16,156 | €29,307 | +€13,151 | +81.4% |
| Operating profit (loss) | 9901 | €6,432 | €4,540 | -€1,892 | -29.4% |
| Financial income | 75/76B | €76 | €34 | -€42 | -55.3% |
| Recurring financial income | 75 | €76 | €34 | -€42 | -55.3% |
| Financial charges | 65/66B | €1,896 | €1,686 | -€210 | -11.1% |
| Recurring financial charges | 65 | €1,896 | €1,686 | -€210 | -11.1% |
| Profit (loss) for the period before taxes | 9903 | €4,612 | €2,888 | -€1,724 | -37.4% |
| Income taxes | 67/77 | €236 | €646 | +€410 | +174% |
| Profit (loss) for the period | 9904 | €4,376 | €2,242 | -€2,134 | -48.8% |
| Profit (loss) for the period to be appropriated | 9905 | €4,376 | €2,242 | -€2,134 | -48.8% |
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 18 October 2026 via checked.be.