ELECTRO ZUID: 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 ZUID
Largest movements
- Cash -€27,392
down €27,392 (-86.4%), from €31,690 to €4,298
mainly Contributions, distributions and other (-€131,942) and Net result for the year (-€32,120)
- Receivables within one year +€9,414
up €9,414 (+49.3%), from €19,092 to €28,506
of which Trade receivables: +€9,232
- Tangible fixed assets -€8,238
down €8,238 (-3.3%), from €247,661 to €239,423
of which Land and buildings: -€7,111
- Reserves -€131,942
down €131,942 (-46.6%), from €283,305 to €151,363
of which Distributable reserves: -€131,942
- Trade debts +€131,048
up €131,048 (+3819.5%), from €3,431 to €134,479
- Profit (loss) carried forward -€32,120
new in 2025: -€32,120
- Tax, wage and social debts +€5,155
new in 2025: €5,155
- Gross operating margin -€336,713
down €336,713, from €315,946 to -€20,767
- Other operating charges -€54,679
no longer reported in 2025 (was €54,679)
- Depreciation +€9,630
up €9,630 (+1597.0%), from €603 to €10,233
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.
Cash bridge derived
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 | €298,443 | €272,227 | -€26,216 | -8.8% |
| Fixed assets | 21/28 | €247,661 | €239,423 | -€8,238 | -3.3% |
| Tangible fixed assets | 22/27 | €247,661 | €239,423 | -€8,238 | -3.3% |
| Land and buildings | 22 | €234,152 | €227,041 | -€7,111 | -3.0% |
| Plant, machinery and equipment | 23 | €13,509 | €10,786 | -€2,723 | -20.2% |
| Furniture and vehicles | 24 | - | €1,596 | +€1,596 | |
| Current assets | 29/58 | €50,782 | €32,804 | -€17,978 | -35.4% |
| Amounts receivable within one year | 40/41 | €19,092 | €28,506 | +€9,414 | +49.3% |
| Trade receivables | 40 | €19,092 | €28,324 | +€9,232 | +48.4% |
| Other amounts receivable | 41 | - | €182 | +€182 | |
| Cash at bank and in hand | 54/58 | €31,690 | €4,298 | -€27,392 | -86.4% |
| Total equity and liabilities | 10/49 | €298,443 | €272,227 | -€26,216 | -8.8% |
| Equity | 10/15 | €289,505 | €125,443 | -€164,062 | -56.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €283,305 | €151,363 | -€131,942 | -46.6% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €281,445 | €149,503 | -€131,942 | -46.9% |
| Profit (loss) carried forward | 14 | - | -€32,120 | -€32,120 | |
| Amounts payable | 17/49 | €8,938 | €146,784 | +€137,846 | +1542.2% |
| Amounts payable within one year | 42/48 | €8,938 | €146,784 | +€137,846 | +1542.2% |
| Trade debts | 44 | €3,431 | €134,479 | +€131,048 | +3819.5% |
| Suppliers | 440/4 | €3,431 | €134,479 | +€131,048 | +3819.5% |
| Taxes, remuneration and social security | 45 | - | €5,155 | +€5,155 | |
| Taxes | 450/3 | - | €5,155 | +€5,155 | |
| Other amounts payable | 47/48 | €5,507 | €7,150 | +€1,643 | +29.8% |
| Non-recurring operating income | 76A | €166,766 | €86,138 | -€80,628 | -48.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €603 | €10,233 | +€9,630 | +1597.0% |
| Other operating charges | 640/8 | €54,679 | - | -€54,679 | |
| Gross operating margin | 9900 | €315,946 | -€20,767 | -€336,713 | |
| Operating profit (loss) | 9901 | €260,664 | -€31,000 | -€291,664 | |
| Financial income | 75/76B | - | €322 | +€322 | |
| Recurring financial income | 75 | - | €322 | +€322 | |
| Financial charges | 65/66B | €2,150 | €1,442 | -€708 | -32.9% |
| Recurring financial charges | 65 | €2,150 | €1,442 | -€708 | -32.9% |
| Profit (loss) for the period before taxes | 9903 | €258,514 | -€32,120 | -€290,634 | |
| Profit (loss) for the period | 9904 | €258,514 | -€32,120 | -€290,634 | |
| Profit (loss) for the period to be appropriated | 9905 | €258,514 | -€32,120 | -€290,634 |
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 12 October 2026 via checked.be.