ELECTROFAN: 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.
ELECTROFAN
Largest movements
- Receivables within one year +€168,463
up €168,463 (+105.4%), from €159,880 to €328,343
of which Trade receivables: +€151,637
- Cash +€19,466
up €19,466 (+61.8%), from €31,480 to €50,947
mainly Trade debts (+€129,339) and Short-term financial debts (+€37,565)
- Stocks and contracts +€14,686
up €14,686 (+21.4%), from €68,672 to €83,359
of which Contracts in progress: +€22,497
- Trade debts +€129,339
up €129,339 (+162.5%), from €79,586 to €208,925
- Short-term financial debts +€37,565
up €37,565 (+75.9%), from €49,500 to €87,065
- Other debts +€20,900
new in 2025: €20,900
- Reserves +€10,000
up €10,000 (+200.0%), from €5,000 to €15,000
- Tax, wage and social debts +€4,796
up €4,796 (+4.4%), from €109,838 to €114,634
of which Remuneration and social security: +€33,837
- Staff costs +€74,487
up €74,487 (+50.5%), from €147,393 to €221,880
- Gross operating margin +€57,824
up €57,824 (+28.9%), from €199,803 to €257,627
- Taxes +€3,729
up €3,729 (+128.5%), from €2,901 to €6,630
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 | €274,157 | €474,509 | +€200,352 | +73.1% |
| Fixed assets | 21/28 | €9,943 | €8,515 | -€1,429 | -14.4% |
| Tangible fixed assets | 22/27 | €7,798 | €6,370 | -€1,429 | -18.3% |
| Plant, machinery and equipment | 23 | €2,569 | €1,363 | -€1,207 | -47.0% |
| Furniture and vehicles | 24 | €2,628 | €5,007 | +€2,379 | +90.5% |
| Leasing and similar rights | 25 | €2,601 | - | -€2,601 | |
| Financial fixed assets | 28 | €2,145 | €2,145 | = | 0.0% |
| Current assets | 29/58 | €264,214 | €465,994 | +€201,781 | +76.4% |
| Stocks and contracts in progress | 3 | €68,672 | €83,359 | +€14,686 | +21.4% |
| Stocks | 30/36 | €68,672 | €60,862 | -€7,810 | -11.4% |
| Contracts in progress | 37 | - | €22,497 | +€22,497 | |
| Amounts receivable within one year | 40/41 | €159,880 | €328,343 | +€168,463 | +105.4% |
| Trade receivables | 40 | €128,689 | €280,326 | +€151,637 | +117.8% |
| Other amounts receivable | 41 | €31,191 | €48,018 | +€16,827 | +53.9% |
| Cash at bank and in hand | 54/58 | €31,480 | €50,947 | +€19,466 | +61.8% |
| Deferred charges and accrued income | 490/1 | €4,181 | €3,346 | -€835 | -20.0% |
| Total equity and liabilities | 10/49 | €274,157 | €474,509 | +€200,352 | +73.1% |
| Equity | 10/15 | €32,325 | €42,985 | +€10,660 | +33.0% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €5,000 | €15,000 | +€10,000 | +200.0% |
| Distributable reserves | 133 | €5,000 | €15,000 | +€10,000 | +200.0% |
| Profit (loss) carried forward | 14 | €2,325 | €2,985 | +€660 | +28.4% |
| Amounts payable | 17/49 | €241,832 | €431,524 | +€189,692 | +78.4% |
| Amounts payable within one year | 42/48 | €241,832 | €431,524 | +€189,692 | +78.4% |
| Current portion of amounts payable after more than one year | 42 | €2,908 | - | -€2,908 | |
| Financial debts | 43 | €49,500 | €87,065 | +€37,565 | +75.9% |
| Credit institutions | 430/8 | €49,500 | €87,065 | +€37,565 | +75.9% |
| Trade debts | 44 | €79,586 | €208,925 | +€129,339 | +162.5% |
| Suppliers | 440/4 | €79,586 | €208,925 | +€129,339 | +162.5% |
| Taxes, remuneration and social security | 45 | €109,838 | €114,634 | +€4,796 | +4.4% |
| Taxes | 450/3 | €60,481 | €31,440 | -€29,041 | -48.0% |
| Remuneration and social security | 454/9 | €49,357 | €83,194 | +€33,837 | +68.6% |
| Other amounts payable | 47/48 | - | €20,900 | +€20,900 | |
| Non-recurring operating income | 76A | - | €340 | +€340 | |
| Remuneration, social security and pensions | 62 | €147,393 | €221,880 | +€74,487 | +50.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,681 | €4,851 | +€170 | +3.6% |
| Other operating charges | 640/8 | €4,733 | €3,738 | -€995 | -21.0% |
| Non-recurring operating charges | 66A | €2,948 | €546 | -€2,402 | -81.5% |
| Gross operating margin | 9900 | €199,803 | €257,627 | +€57,824 | +28.9% |
| Operating profit (loss) | 9901 | €40,048 | €26,612 | -€13,436 | -33.5% |
| Financial income | 75/76B | €1,914 | €2,166 | +€252 | +13.2% |
| Recurring financial income | 75 | €1,914 | €2,166 | +€252 | +13.2% |
| Financial charges | 65/66B | €9,403 | €10,588 | +€1,185 | +12.6% |
| Recurring financial charges | 65 | €9,403 | €5,930 | -€3,472 | -36.9% |
| Non-recurring financial charges | 66B | - | €4,657 | +€4,657 | |
| Profit (loss) for the period before taxes | 9903 | €32,560 | €18,190 | -€14,369 | -44.1% |
| Income taxes | 67/77 | €2,901 | €6,630 | +€3,729 | +128.5% |
| Profit (loss) for the period | 9904 | €29,658 | €11,560 | -€18,098 | -61.0% |
| Profit (loss) for the period to be appropriated | 9905 | €29,658 | €11,560 | -€18,098 | -61.0% |
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 9 October 2026 via checked.be.