ELECTRO TECH BELGIUM: 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 TECH BELGIUM
Largest movements
- Cash +€25,922
up €25,922 (+27.3%), from €94,945 to €120,866
mainly Net result for the year (+€49,998) and Other debts (+€3,260)
- Receivables within one year +€4,485
up €4,485 (+13.7%), from €32,832 to €37,317
of which Other amounts receivable: +€12,604
- Profit (loss) carried forward +€49,998
up €49,998 (+93.5%), from €53,474 to €103,471
- Trade debts -€12,524
down €12,524 (-26.9%), from €46,549 to €34,025
- Accrued charges and deferred income -€9,200
no longer reported in 2025 (was €9,200)
- Other debts +€3,260
up €3,260 (+207%), from €1,578 to €4,838
- Gross operating margin -€17,059
down €17,059 (-25.2%), from €67,586 to €50,528
- Taxes -€13,455
no longer reported in 2025 (was €13,455)
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 | €128,499 | €159,289 | +€30,790 | +24.0% |
| Fixed assets | 21/28 | €722 | €310 | -€413 | -57.1% |
| Tangible fixed assets | 22/27 | €722 | €310 | -€413 | -57.1% |
| Plant, machinery and equipment | 23 | €722 | €310 | -€413 | -57.1% |
| Current assets | 29/58 | €127,777 | €158,979 | +€31,203 | +24.4% |
| Amounts receivable within one year | 40/41 | €32,832 | €37,317 | +€4,485 | +13.7% |
| Trade receivables | 40 | €31,703 | €23,583 | -€8,120 | -25.6% |
| Other amounts receivable | 41 | €1,129 | €13,734 | +€12,604 | +1,116% |
| Cash at bank and in hand | 54/58 | €94,945 | €120,866 | +€25,922 | +27.3% |
| Deferred charges and accrued income | 490/1 | - | €796 | +€796 | |
| Total equity and liabilities | 10/49 | €128,499 | €159,289 | +€30,790 | +24.0% |
| Equity | 10/15 | €56,474 | €106,471 | +€49,998 | +88.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €53,474 | €103,471 | +€49,998 | +93.5% |
| Amounts payable | 17/49 | €72,025 | €52,818 | -€19,207 | -26.7% |
| Amounts payable within one year | 42/48 | €62,825 | €52,818 | -€10,007 | -15.9% |
| Trade debts | 44 | €46,549 | €34,025 | -€12,524 | -26.9% |
| Suppliers | 440/4 | €46,549 | €34,025 | -€12,524 | -26.9% |
| Taxes, remuneration and social security | 45 | €14,698 | €13,955 | -€743 | -5.1% |
| Taxes | 450/3 | €14,698 | €13,955 | -€743 | -5.1% |
| Other amounts payable | 47/48 | €1,578 | €4,838 | +€3,260 | +207% |
| Accrued charges and deferred income | 492/3 | €9,200 | - | -€9,200 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €516 | €413 | -€103 | -20.0% |
| Other operating charges | 640/8 | €50 | €280 | +€230 | +460% |
| Gross operating margin | 9900 | €67,586 | €50,528 | -€17,059 | -25.2% |
| Operating profit (loss) | 9901 | €67,020 | €49,835 | -€17,185 | -25.6% |
| Financial income | 75/76B | €4 | €261 | +€257 | +7,346% |
| Recurring financial income | 75 | €4 | €261 | +€257 | +7,346% |
| Financial charges | 65/66B | €95 | €98 | +€3 | +3.0% |
| Recurring financial charges | 65 | €95 | €98 | +€3 | +3.0% |
| Profit (loss) for the period before taxes | 9903 | €66,929 | €49,998 | -€16,931 | -25.3% |
| Income taxes | 67/77 | €13,455 | - | -€13,455 | |
| Profit (loss) for the period | 9904 | €53,474 | €49,998 | -€3,476 | -6.5% |
| Profit (loss) for the period to be appropriated | 9905 | €53,474 | €49,998 | -€3,476 | -6.5% |
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 21 October 2026 via checked.be.