ELECTRO - TEST: 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 - TEST
Largest movements
- Receivables within one year +€392,704
up €392,704 (+31.1%), from €1.3m to €1.7m
of which Trade receivables: +€520,445
- Intangible fixed assets +€204,391
up €204,391 (+10.6%), from €1.9m to €2.1m
- Cash +€81,401
up €81,401 (+133.7%), from €60,899 to €142,300
mainly Trade debts (+€853,428) and Depreciation (+€597,326)
- Deferred charges and accrued income -€67,224
down €67,224 (-78.9%), from €85,251 to €18,027
- Trade debts +€853,428
up €853,428 (+236.1%), from €361,517 to €1.2m
- Other debts -€387,232
down €387,232 (-26.9%), from €1.4m to €1.1m
- Tax, wage and social debts +€115,731
up €115,731 (+585.8%), from €19,756 to €135,487
of which Taxes: +€106,329
- Profit (loss) carried forward +€104,360
up €104,360 (+9.8%), from €1.1m to €1.2m
- Debts after one year -€76,076
down €76,076 (-36.2%), from €210,343 to €134,267
- Gross operating margin -€213,103
down €213,103 (-22.5%), from €948,469 to €735,366
- Depreciation +€179,434
up €179,434 (+42.9%), from €417,892 to €597,326
- Taxes -€55,690
down €55,690 (-100.0%), from €55,690 to €0
- Financial charges +€21,010
up €21,010 (+150.8%), from €13,934 to €34,944
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 | €3,339,772 | €3,949,982 | +€610,210 | +18.3% |
| Fixed assets | 21/28 | €1,930,454 | €2,133,784 | +€203,330 | +10.5% |
| Intangible fixed assets | 21 | €1,922,671 | €2,127,062 | +€204,391 | +10.6% |
| Tangible fixed assets | 22/27 | €2,783 | €1,722 | -€1,061 | -38.1% |
| Land and buildings | 22 | €0 | - | = | |
| Plant, machinery and equipment | 23 | €2,218 | €1,345 | -€873 | -39.4% |
| Furniture and vehicles | 24 | €565 | €377 | -€188 | -33.3% |
| Financial fixed assets | 28 | €5,000 | €5,000 | = | 0.0% |
| Current assets | 29/58 | €1,409,318 | €1,816,198 | +€406,880 | +28.9% |
| Amounts receivable within one year | 40/41 | €1,263,167 | €1,655,872 | +€392,704 | +31.1% |
| Trade receivables | 40 | €1,036,960 | €1,557,405 | +€520,445 | +50.2% |
| Other amounts receivable | 41 | €226,208 | €98,466 | -€127,741 | -56.5% |
| Cash at bank and in hand | 54/58 | €60,899 | €142,300 | +€81,401 | +133.7% |
| Deferred charges and accrued income | 490/1 | €85,251 | €18,027 | -€67,224 | -78.9% |
| Total equity and liabilities | 10/49 | €3,339,772 | €3,949,982 | +€610,210 | +18.3% |
| Equity | 10/15 | €1,232,896 | €1,337,256 | +€104,360 | +8.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €164,754 | €164,754 | = | 0.0% |
| Non-distributable reserves | 130/1 | €11,580 | €11,580 | = | 0.0% |
| Reserves not available under the articles | 1311 | €11,580 | €11,580 | = | 0.0% |
| Distributable reserves | 133 | €153,174 | €153,174 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,061,942 | €1,166,302 | +€104,360 | +9.8% |
| Amounts payable | 17/49 | €2,106,876 | €2,612,726 | +€505,850 | +24.0% |
| Amounts payable after more than one year | 17 | €210,343 | €134,267 | -€76,076 | -36.2% |
| Financial debts | 170/4 | €210,343 | €134,267 | -€76,076 | -36.2% |
| Amounts payable within one year | 42/48 | €1,896,532 | €2,478,458 | +€581,926 | +30.7% |
| Current portion of amounts payable after more than one year | 42 | €76,076 | €76,076 | = | 0.0% |
| Trade debts | 44 | €361,517 | €1,214,945 | +€853,428 | +236.1% |
| Suppliers | 440/4 | €361,517 | €1,214,945 | +€853,428 | +236.1% |
| Taxes, remuneration and social security | 45 | €19,756 | €135,487 | +€115,731 | +585.8% |
| Taxes | 450/3 | €19,756 | €126,086 | +€106,329 | +538.2% |
| Remuneration and social security | 454/9 | - | €9,402 | +€9,402 | |
| Other amounts payable | 47/48 | €1,439,183 | €1,051,951 | -€387,232 | -26.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €417,892 | €597,326 | +€179,434 | +42.9% |
| Other operating charges | 640/8 | €6,983 | €126 | -€6,857 | -98.2% |
| Gross operating margin | 9900 | €948,469 | €735,366 | -€213,103 | -22.5% |
| Operating profit (loss) | 9901 | €523,594 | €137,914 | -€385,680 | -73.7% |
| Financial income | 75/76B | €464 | €1,390 | +€926 | +199.5% |
| Recurring financial income | 75 | €464 | €1,390 | +€926 | +199.5% |
| Financial charges | 65/66B | €13,934 | €34,944 | +€21,010 | +150.8% |
| Recurring financial charges | 65 | €13,934 | €34,944 | +€21,010 | +150.8% |
| Profit (loss) for the period before taxes | 9903 | €510,124 | €104,360 | -€405,764 | -79.5% |
| Income taxes | 67/77 | €55,690 | €0 | -€55,690 | -100.0% |
| Profit (loss) for the period | 9904 | €454,434 | €104,360 | -€350,074 | -77.0% |
| Profit (loss) for the period to be appropriated | 9905 | €454,434 | €104,360 | -€350,074 | -77.0% |
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.