ELECTRO-SAB: 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-SAB
Largest movements
- Receivables within one year +€35,005
up €35,005 (+83.1%), from €42,141 to €77,146
of which Trade receivables: +€34,527
- Stocks and contracts -€10,000
down €10,000 (-5.8%), from €171,198 to €161,198
- Cash +€6,440
up €6,440 (+567%), from €1,136 to €7,576
mainly Net result for the year (+€28,184) and Trade debts (+€17,629)
- Tangible fixed assets -€2,920
down €2,920 (-33.3%), from €8,760 to €5,840
- Other debts -€31,421
down €31,421 (-32.9%), from €95,458 to €64,037
- Profit (loss) carried forward +€28,184
up €28,184 (+54.3%), from €51,881 to €80,065
- Trade debts +€17,629
up €17,629 (+94.0%), from €18,754 to €36,383
- Tax, wage and social debts +€14,211
up €14,211 (+24.4%), from €58,275 to €72,486
of which Remuneration and social security: +€18,972
- Staff costs -€19,352
down €19,352 (-36.3%), from €53,240 to €33,888
- Gross operating margin +€7,405
up €7,405 (+12.5%), from €59,272 to €66,677
- Taxes -€1,956
no longer reported in 2024 (was €1,956)
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €227,253 | €255,778 | +€28,525 | +12.6% |
| Fixed assets | 21/28 | €12,778 | €9,858 | -€2,920 | -22.9% |
| Tangible fixed assets | 22/27 | €8,760 | €5,840 | -€2,920 | -33.3% |
| Furniture and vehicles | 24 | €8,760 | €5,840 | -€2,920 | -33.3% |
| Financial fixed assets | 28 | €4,018 | €4,018 | = | 0.0% |
| Current assets | 29/58 | €214,475 | €245,920 | +€31,445 | +14.7% |
| Stocks and contracts in progress | 3 | €171,198 | €161,198 | -€10,000 | -5.8% |
| Stocks | 30/36 | €171,198 | €161,198 | -€10,000 | -5.8% |
| Amounts receivable within one year | 40/41 | €42,141 | €77,146 | +€35,005 | +83.1% |
| Trade receivables | 40 | €40,819 | €75,345 | +€34,527 | +84.6% |
| Other amounts receivable | 41 | €1,322 | €1,801 | +€478 | +36.2% |
| Cash at bank and in hand | 54/58 | €1,136 | €7,576 | +€6,440 | +567% |
| Total equity and liabilities | 10/49 | €227,253 | €255,778 | +€28,525 | +12.6% |
| Equity | 10/15 | €54,427 | €82,611 | +€28,184 | +51.8% |
| Reserves | 13 | €2,547 | €2,547 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,547 | €2,547 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,547 | €2,547 | = | 0.0% |
| Profit (loss) carried forward | 14 | €51,881 | €80,065 | +€28,184 | +54.3% |
| Amounts payable | 17/49 | €172,826 | €173,166 | +€341 | +0.2% |
| Amounts payable within one year | 42/48 | €172,826 | €173,166 | +€341 | +0.2% |
| Current portion of amounts payable after more than one year | 42 | €338 | - | -€338 | |
| Financial debts | 43 | - | €260 | +€260 | |
| Credit institutions | 430/8 | - | €260 | +€260 | |
| Trade debts | 44 | €18,754 | €36,383 | +€17,629 | +94.0% |
| Suppliers | 440/4 | €18,754 | €36,383 | +€17,629 | +94.0% |
| Taxes, remuneration and social security | 45 | €58,275 | €72,486 | +€14,211 | +24.4% |
| Taxes | 450/3 | €12,124 | €7,363 | -€4,761 | -39.3% |
| Remuneration and social security | 454/9 | €46,151 | €65,123 | +€18,972 | +41.1% |
| Other amounts payable | 47/48 | €95,458 | €64,037 | -€31,421 | -32.9% |
| Remuneration, social security and pensions | 62 | €53,240 | €33,888 | -€19,352 | -36.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,920 | €2,920 | = | 0.0% |
| Other operating charges | 640/8 | - | €500 | +€500 | |
| Gross operating margin | 9900 | €59,272 | €66,677 | +€7,405 | +12.5% |
| Operating profit (loss) | 9901 | €3,112 | €29,370 | +€26,257 | +844% |
| Financial charges | 65/66B | €863 | €1,185 | +€322 | +37.4% |
| Recurring financial charges | 65 | €863 | €1,185 | +€322 | +37.4% |
| Profit (loss) for the period before taxes | 9903 | €2,250 | €28,184 | +€25,935 | +1,153% |
| Income taxes | 67/77 | €1,956 | - | -€1,956 | |
| Profit (loss) for the period | 9904 | €293 | €28,184 | +€27,891 | +9,510% |
| Profit (loss) for the period to be appropriated | 9905 | €293 | €28,184 | +€27,891 | +9,510% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.