ELECTROLEVAGE: 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.
ELECTROLEVAGE
Largest movements
- Receivables within one year +€233,867
up €233,867 (+38.9%), from €601,116 to €834,983
of which Trade receivables: +€229,073
- Stocks and contracts +€68,000
up €68,000 (+24.1%), from €282,000 to €350,000
- Cash -€50,675
down €50,675 (-16.3%), from €310,288 to €259,613
mainly Receivables within one year (-€233,867) and Other debts (-€171,357)
- Tangible fixed assets +€31,881
up €31,881 (+24.2%), from €131,535 to €163,416
of which Plant, machinery and equipment: +€35,993
- Profit (loss) carried forward +€207,728
up €207,728 (+126.3%), from €164,420 to €372,147
- Trade debts +€187,949
up €187,949 (+125.0%), from €150,416 to €338,365
- Other debts -€171,357
down €171,357 (-90.0%), from €190,350 to €18,992
- Debts after one year +€27,064
up €27,064 (+954.0%), from €2,837 to €29,901
- Tax, wage and social debts +€25,371
up €25,371 (+38.3%), from €66,320 to €91,691
of which Taxes: +€21,369
- Gross operating margin +€162,953
up €162,953 (+27.1%), from €602,353 to €765,307
- Staff costs +€95,475
up €95,475 (+29.6%), from €322,223 to €417,697
- Taxes +€60,778
up €60,778 (+311.5%), from €19,511 to €80,289
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 | €1,331,377 | €1,613,745 | +€282,369 | +21.2% |
| Fixed assets | 21/28 | €133,147 | €165,029 | +€31,881 | +23.9% |
| Tangible fixed assets | 22/27 | €131,535 | €163,416 | +€31,881 | +24.2% |
| Land and buildings | 22 | €67,617 | €66,604 | -€1,013 | -1.5% |
| Plant, machinery and equipment | 23 | €51,920 | €87,913 | +€35,993 | +69.3% |
| Furniture and vehicles | 24 | €11,998 | €8,899 | -€3,099 | -25.8% |
| Financial fixed assets | 28 | €1,612 | €1,612 | = | 0.0% |
| Current assets | 29/58 | €1,198,229 | €1,448,717 | +€250,487 | +20.9% |
| Stocks and contracts in progress | 3 | €282,000 | €350,000 | +€68,000 | +24.1% |
| Stocks | 30/36 | €282,000 | €350,000 | +€68,000 | +24.1% |
| Amounts receivable within one year | 40/41 | €601,116 | €834,983 | +€233,867 | +38.9% |
| Trade receivables | 40 | €557,085 | €786,158 | +€229,073 | +41.1% |
| Other amounts receivable | 41 | €44,031 | €48,825 | +€4,795 | +10.9% |
| Cash at bank and in hand | 54/58 | €310,288 | €259,613 | -€50,675 | -16.3% |
| Deferred charges and accrued income | 490/1 | €4,825 | €4,121 | -€705 | -14.6% |
| Total equity and liabilities | 10/49 | €1,331,377 | €1,613,745 | +€282,369 | +21.2% |
| Equity | 10/15 | €916,620 | €1,124,347 | +€207,728 | +22.7% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €690,200 | €690,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €54,000 | €54,000 | = | 0.0% |
| Distributable reserves | 133 | €630,000 | €630,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €164,420 | €372,147 | +€207,728 | +126.3% |
| Amounts payable | 17/49 | €414,757 | €489,398 | +€74,641 | +18.0% |
| Amounts payable after more than one year | 17 | €2,837 | €29,901 | +€27,064 | +954.0% |
| Financial debts | 170/4 | €2,837 | €29,901 | +€27,064 | +954.0% |
| Amounts payable within one year | 42/48 | €411,920 | €459,497 | +€47,577 | +11.6% |
| Current portion of amounts payable after more than one year | 42 | €4,834 | €10,448 | +€5,614 | +116.1% |
| Trade debts | 44 | €150,416 | €338,365 | +€187,949 | +125.0% |
| Suppliers | 440/4 | €150,416 | €338,365 | +€187,949 | +125.0% |
| Taxes, remuneration and social security | 45 | €66,320 | €91,691 | +€25,371 | +38.3% |
| Taxes | 450/3 | €27,132 | €48,502 | +€21,369 | +78.8% |
| Remuneration and social security | 454/9 | €39,188 | €43,189 | +€4,001 | +10.2% |
| Other amounts payable | 47/48 | €190,350 | €18,992 | -€171,357 | -90.0% |
| Remuneration, social security and pensions | 62 | €322,223 | €417,697 | +€95,475 | +29.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,993 | €27,276 | +€3,283 | +13.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €2,569 | €0 | -€2,569 | -100.0% |
| Other operating charges | 640/8 | €7,852 | €13,512 | +€5,659 | +72.1% |
| Non-recurring operating charges | 66A | €120 | €0 | -€120 | -100.0% |
| Gross operating margin | 9900 | €602,353 | €765,307 | +€162,953 | +27.1% |
| Operating profit (loss) | 9901 | €245,596 | €306,821 | +€61,225 | +24.9% |
| Financial income | 75/76B | €0 | €37 | +€37 | |
| Recurring financial income | 75 | €0 | €37 | +€37 | |
| Financial charges | 65/66B | €6,587 | €6,092 | -€495 | -7.5% |
| Recurring financial charges | 65 | €6,587 | €6,092 | -€495 | -7.5% |
| Profit (loss) for the period before taxes | 9903 | €239,009 | €300,767 | +€61,757 | +25.8% |
| Income taxes | 67/77 | €19,511 | €80,289 | +€60,778 | +311.5% |
| Profit (loss) for the period | 9904 | €219,498 | €220,478 | +€979 | +0.4% |
| Profit (loss) for the period to be appropriated | 9905 | €219,498 | €220,478 | +€979 | +0.4% |
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 8 October 2026 via checked.be.