ELECTROBOUW IVO DRIES: 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.
ELECTROBOUW IVO DRIES
Largest movements
- Cash -€46,230
down €46,230 (-46.9%), from €98,588 to €52,358
mainly Net result for the year (-€44,808) and Investment in fixed assets (net) (-€44,225)
- Tangible fixed assets +€36,854
up €36,854 (+758%), from €4,864 to €41,718
of which Furniture and vehicles: +€37,306
- Receivables within one year -€24,697
down €24,697 (-66.7%), from €37,043 to €12,346
of which Trade receivables: -€28,248
- Stocks and contracts -€19,122
down €19,122 (-43.0%), from €44,492 to €25,370
of which Contracts in progress: -€20,000
- Profit (loss) carried forward -€44,808
down €44,808 (-1,203%), from -€3,723 to -€48,531
- Trade debts -€8,327
down €8,327 (-40.1%), from €20,755 to €12,427
- Other debts +€3,519
up €3,519 (+21.9%), from €16,059 to €19,579
- Tax, wage and social debts -€2,749
down €2,749 (-99.7%), from €2,758 to €9
- Advances received -€2,155
down €2,155 (-100%), from €2,155 to €0
- Gross operating margin -€35,310
down €35,310, from €3,374 to -€31,936
- Depreciation +€6,429
up €6,429 (+683%), from €942 to €7,371
- Financial charges +€4,567
up €4,567 (+4,182%), from €109 to €4,676
- Taxes -€517
down €517 (-89.1%), from €580 to €63
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 | €188,329 | €133,809 | -€54,520 | -28.9% |
| Fixed assets | 21/28 | €4,864 | €41,718 | +€36,854 | +758% |
| Tangible fixed assets | 22/27 | €4,864 | €41,718 | +€36,854 | +758% |
| Plant, machinery and equipment | 23 | €2,454 | €2,003 | -€452 | -18.4% |
| Furniture and vehicles | 24 | €2,410 | €39,715 | +€37,306 | +1,548% |
| Current assets | 29/58 | €183,465 | €92,091 | -€91,374 | -49.8% |
| Stocks and contracts in progress | 3 | €44,492 | €25,370 | -€19,122 | -43.0% |
| Stocks | 30/36 | €4,492 | €5,370 | +€878 | +19.6% |
| Contracts in progress | 37 | €40,000 | €20,000 | -€20,000 | -50.0% |
| Amounts receivable within one year | 40/41 | €37,043 | €12,346 | -€24,697 | -66.7% |
| Trade receivables | 40 | €37,043 | €8,795 | -€28,248 | -76.3% |
| Other amounts receivable | 41 | - | €3,551 | +€3,551 | |
| Cash at bank and in hand | 54/58 | €98,588 | €52,358 | -€46,230 | -46.9% |
| Deferred charges and accrued income | 490/1 | €3,341 | €2,016 | -€1,325 | -39.6% |
| Total equity and liabilities | 10/49 | €188,329 | €133,809 | -€54,520 | -28.9% |
| Equity | 10/15 | €146,601 | €101,794 | -€44,808 | -30.6% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €130,324 | €130,324 | = | 0.0% |
| Non-distributable reserves | 130/1 | €9,000 | €9,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €9,000 | €9,000 | = | 0.0% |
| Distributable reserves | 133 | €121,324 | €121,324 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,723 | -€48,531 | -€44,808 | -1,203% |
| Amounts payable | 17/49 | €41,728 | €32,015 | -€9,712 | -23.3% |
| Amounts payable within one year | 42/48 | €41,728 | €32,015 | -€9,712 | -23.3% |
| Trade debts | 44 | €20,755 | €12,427 | -€8,327 | -40.1% |
| Suppliers | 440/4 | €20,755 | €12,427 | -€8,327 | -40.1% |
| Advances received on contracts in progress | 46 | €2,155 | €0 | -€2,155 | -100% |
| Taxes, remuneration and social security | 45 | €2,758 | €9 | -€2,749 | -99.7% |
| Taxes | 450/3 | €2,758 | €9 | -€2,749 | -99.7% |
| Other amounts payable | 47/48 | €16,059 | €19,579 | +€3,519 | +21.9% |
| Non-recurring operating income | 76A | - | €13,213 | +€13,213 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €942 | €7,371 | +€6,429 | +683% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €967 | €1,014 | +€47 | +4.9% |
| Gross operating margin | 9900 | €3,374 | -€31,936 | -€35,310 | |
| Operating profit (loss) | 9901 | €1,465 | -€40,321 | -€41,786 | |
| Financial income | 75/76B | €298 | €252 | -€46 | -15.3% |
| Recurring financial income | 75 | €298 | €252 | -€46 | -15.3% |
| Financial charges | 65/66B | €109 | €4,676 | +€4,567 | +4,182% |
| Recurring financial charges | 65 | €109 | €4,676 | +€4,567 | +4,182% |
| Profit (loss) for the period before taxes | 9903 | €1,654 | -€44,744 | -€46,399 | |
| Income taxes | 67/77 | €580 | €63 | -€517 | -89.1% |
| Profit (loss) for the period | 9904 | €1,074 | -€44,808 | -€45,882 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,074 | -€44,808 | -€45,882 |
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 30 October 2026 via checked.be.