ELECTRO-STEG: what changed
Two fiscal 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-STEG
Largest movements
- Tangible fixed assets +€18,785
up €18,785 (+26.5%), from €71,006 to €89,792
of which Leasing and similar rights: +€24,718
- Cash -€8,226
down €8,226 (-71.4%), from €11,517 to €3,290
mainly Investment in fixed assets (net) (-€39,183) and Trade debts (-€17,929)
- Receivables within one year +€4,893
up €4,893 (+28.0%), from €17,489 to €22,381
of which Trade receivables: +€3,973
- Stocks and contracts -€4,824
down €4,824 (-5.3%), from €91,241 to €86,417
- Trade debts -€17,929
down €17,929 (-36.9%), from €48,552 to €30,623
- Debts after one year +€10,186
up €10,186 (+46.7%), from €21,831 to €32,017
- Reserves +€8,113
up €8,113 (+432.1%), from €1,878 to €9,991
of which Distributable reserves: +€8,113
- Tax, wage and social debts +€7,160
up €7,160 (+9.8%), from €73,086 to €80,246
of which Taxes: +€6,399
- Gross operating margin +€27,785
up €27,785 (+54.1%), from €51,401 to €79,186
- Depreciation +€5,525
up €5,525 (+37.2%), from €14,873 to €20,398
- Taxes +€4,678
up €4,678 (+389.0%), from €1,203 to €5,881
- Staff costs +€3,389
up €3,389 (+10.1%), from €33,536 to €36,925
- Financial charges +€2,834
up €2,834 (+114.1%), from €2,483 to €5,316
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.
Cash bridge derived
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 | €195,505 | €204,264 | +€8,759 | +4.5% |
| Fixed assets | 21/28 | €71,403 | €90,188 | +€18,785 | +26.3% |
| Tangible fixed assets | 22/27 | €71,006 | €89,792 | +€18,785 | +26.5% |
| Land and buildings | 22 | €38,085 | €35,207 | -€2,878 | -7.6% |
| Plant, machinery and equipment | 23 | €262 | €262 | = | 0.0% |
| Furniture and vehicles | 24 | €5,417 | €2,363 | -€3,055 | -56.4% |
| Leasing and similar rights | 25 | €27,241 | €51,959 | +€24,718 | +90.7% |
| Financial fixed assets | 28 | €397 | €397 | = | 0.0% |
| Current assets | 29/58 | €124,102 | €114,075 | -€10,026 | -8.1% |
| Stocks and contracts in progress | 3 | €91,241 | €86,417 | -€4,824 | -5.3% |
| Stocks | 30/36 | €91,241 | €86,417 | -€4,824 | -5.3% |
| Amounts receivable within one year | 40/41 | €17,489 | €22,381 | +€4,893 | +28.0% |
| Trade receivables | 40 | €2,775 | €6,749 | +€3,973 | +143.2% |
| Other amounts receivable | 41 | €14,713 | €15,633 | +€920 | +6.3% |
| Cash at bank and in hand | 54/58 | €11,517 | €3,290 | -€8,226 | -71.4% |
| Deferred charges and accrued income | 490/1 | €3,856 | €1,986 | -€1,870 | -48.5% |
| Total equity and liabilities | 10/49 | €195,505 | €204,264 | +€8,759 | +4.5% |
| Equity | 10/15 | €29,583 | €37,696 | +€8,113 | +27.4% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,878 | €9,991 | +€8,113 | +432.1% |
| Non-distributable reserves | 130/1 | €1,878 | €1,878 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,878 | €1,878 | = | 0.0% |
| Distributable reserves | 133 | - | €8,113 | +€8,113 | |
| Profit (loss) carried forward | 14 | €9,113 | €9,113 | = | 0.0% |
| Amounts payable | 17/49 | €165,922 | €166,568 | +€646 | +0.4% |
| Amounts payable after more than one year | 17 | €21,831 | €32,017 | +€10,186 | +46.7% |
| Financial debts | 170/4 | €21,831 | €32,017 | +€10,186 | +46.7% |
| Amounts payable within one year | 42/48 | €144,091 | €134,551 | -€9,540 | -6.6% |
| Current portion of amounts payable after more than one year | 42 | €13,953 | €15,182 | +€1,229 | +8.8% |
| Trade debts | 44 | €48,552 | €30,623 | -€17,929 | -36.9% |
| Suppliers | 440/4 | €48,552 | €30,623 | -€17,929 | -36.9% |
| Taxes, remuneration and social security | 45 | €73,086 | €80,246 | +€7,160 | +9.8% |
| Taxes | 450/3 | €64,003 | €70,402 | +€6,399 | +10.0% |
| Remuneration and social security | 454/9 | €9,083 | €9,844 | +€761 | +8.4% |
| Other amounts payable | 47/48 | €8,500 | €8,500 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €33,536 | €36,925 | +€3,389 | +10.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,873 | €20,398 | +€5,525 | +37.2% |
| Other operating charges | 640/8 | €3,356 | €6,064 | +€2,707 | +80.7% |
| Gross operating margin | 9900 | €51,401 | €79,186 | +€27,785 | +54.1% |
| Operating profit (loss) | 9901 | -€364 | €15,799 | +€16,163 | |
| Financial income | 75/76B | €3,041 | €3,511 | +€470 | +15.5% |
| Recurring financial income | 75 | €3,041 | €3,511 | +€470 | +15.5% |
| Financial charges | 65/66B | €2,483 | €5,316 | +€2,834 | +114.1% |
| Recurring financial charges | 65 | €2,483 | €5,316 | +€2,834 | +114.1% |
| Profit (loss) for the period before taxes | 9903 | €194 | €13,994 | +€13,800 | +7112.4% |
| Income taxes | 67/77 | €1,203 | €5,881 | +€4,678 | +389.0% |
| Profit (loss) for the period | 9904 | -€1,009 | €8,113 | +€9,122 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,009 | €8,113 | +€9,122 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.