ELECTROFIN: 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.
ELECTROFIN
Largest movements
- Cash +€9,348
up €9,348 (+76.1%), from €12,282 to €21,630
mainly Net result for the year (+€12,754)
- Profit (loss) carried forward +€12,754
up €12,754 (+9.3%), from -€136,669 to -€123,915
- Financial income +€11,736
up €11,736 (+731.2%), from €1,605 to €13,341
- Gross operating margin +€8,520
no longer reported in 2025 (was -€8,520)
- Other operating charges -€2,351
down €2,351 (-81.1%), from €2,898 to €547
- Financial charges -€208
down €208 (-83.9%), from €248 to €40
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 | €922,149 | €931,497 | +€9,348 | +1.0% |
| Fixed assets | 21/28 | €909,867 | €909,867 | = | 0.0% |
| Intangible fixed assets | 21 | €909,867 | €909,867 | = | 0.0% |
| Current assets | 29/58 | €12,282 | €21,630 | +€9,348 | +76.1% |
| Cash at bank and in hand | 54/58 | €12,282 | €21,630 | +€9,348 | +76.1% |
| Total equity and liabilities | 10/49 | €922,149 | €931,497 | +€9,348 | +1.0% |
| Equity | 10/15 | -€569 | €12,185 | +€12,754 | |
| Contributions | 10/11 | €128,900 | €128,900 | = | 0.0% |
| Capital | 10 | €128,900 | €128,900 | = | 0.0% |
| Issued capital | 100 | €128,900 | €128,900 | = | 0.0% |
| Reserves | 13 | €7,200 | €7,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €7,200 | €7,200 | = | 0.0% |
| Legal reserve | 130 | €7,200 | €7,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€136,669 | -€123,915 | +€12,754 | +9.3% |
| Amounts payable | 17/49 | €922,718 | €919,312 | -€3,406 | -0.4% |
| Amounts payable after more than one year | 17 | €88,210 | €85,000 | -€3,210 | -3.6% |
| Financial debts | 170/4 | €13,210 | - | -€13,210 | |
| Trade debts | 175 | €75,000 | €85,000 | +€10,000 | +13.3% |
| Amounts payable within one year | 42/48 | €834,508 | €834,312 | -€196 | 0.0% |
| Trade debts | 44 | €196 | - | -€196 | |
| Suppliers | 440/4 | €196 | - | -€196 | |
| Other amounts payable | 47/48 | €834,312 | €834,312 | = | 0.0% |
| Other operating charges | 640/8 | €2,898 | €547 | -€2,351 | -81.1% |
| Gross operating margin | 9900 | -€8,520 | - | +€8,520 | |
| Operating profit (loss) | 9901 | -€11,418 | -€547 | +€10,871 | +95.2% |
| Financial income | 75/76B | €1,605 | €13,341 | +€11,736 | +731.2% |
| Recurring financial income | 75 | €1,605 | €13,341 | +€11,736 | +731.2% |
| Financial charges | 65/66B | €248 | €40 | -€208 | -83.9% |
| Recurring financial charges | 65 | €248 | €40 | -€208 | -83.9% |
| Profit (loss) for the period before taxes | 9903 | -€10,061 | €12,754 | +€22,815 | |
| Profit (loss) for the period | 9904 | -€10,061 | €12,754 | +€22,815 | |
| Profit (loss) for the period to be appropriated | 9905 | -€10,061 | €12,754 | +€22,815 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.