ELECTRON LIBRE: 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.
ELECTRON LIBRE
Largest movements
- Tangible fixed assets -€37,307
no longer reported in 2023 (was €37,307)
of which Plant, machinery and equipment: -€28,005
- Cash +€6,214
up €6,214 (+195.1%), from €3,184 to €9,398
mainly Net result for the year (+€40,645) and Investment in fixed assets (net) (+€37,782)
- Receivables within one year -€2,623
down €2,623 (-9.4%), from €27,948 to €25,325
of which Trade receivables: -€9,396
- Deferred charges and accrued income +€1,671
new in 2023: €1,671
- Stocks and contracts -€1,285
no longer reported in 2023 (was €1,285)
- Profit (loss) carried forward +€40,645
up €40,645 (+49.4%), from -€82,213 to -€41,569
- Trade debts -€33,437
down €33,437 (-42.8%), from €78,119 to €44,682
- Other debts -€23,114
no longer reported in 2023 (was €23,114)
- Advances received -€15,825
no longer reported in 2023 (was €15,825)
- Tax, wage and social debts -€2,479
down €2,479 (-15.6%), from €15,935 to €13,456
of which Remuneration and social security: -€8,790
- Gross operating margin +€129,187
up €129,187, from -€21,973 to €107,213
- Depreciation -€18,637
down €18,637 (-97.9%), from €19,042 to €405
- Write-downs +€9,534
up €9,534 (+386.6%), from €2,466 to €12,000
- Staff costs +€5,412
up €5,412 (+95.1%), from €5,690 to €11,103
- Financial charges +€2,542
up €2,542 (+89.2%), from €2,852 to €5,394
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €70,780 | €36,569 | -€34,210 | -48.3% |
| Fixed assets | 21/28 | €38,362 | €175 | -€38,187 | -99.5% |
| Tangible fixed assets | 22/27 | €37,307 | - | -€37,307 | |
| Plant, machinery and equipment | 23 | €28,005 | - | -€28,005 | |
| Furniture and vehicles | 24 | €1,174 | - | -€1,174 | |
| Other tangible fixed assets | 26 | €8,127 | - | -€8,127 | |
| Financial fixed assets | 28 | €1,055 | €175 | -€880 | -83.4% |
| Current assets | 29/58 | €32,418 | €36,394 | +€3,977 | +12.3% |
| Stocks and contracts in progress | 3 | €1,285 | - | -€1,285 | |
| Stocks | 30/36 | €1,285 | - | -€1,285 | |
| Amounts receivable within one year | 40/41 | €27,948 | €25,325 | -€2,623 | -9.4% |
| Trade receivables | 40 | €27,948 | €18,552 | -€9,396 | -33.6% |
| Other amounts receivable | 41 | - | €6,773 | +€6,773 | |
| Cash at bank and in hand | 54/58 | €3,184 | €9,398 | +€6,214 | +195.1% |
| Deferred charges and accrued income | 490/1 | - | €1,671 | +€1,671 | |
| Total equity and liabilities | 10/49 | €70,780 | €36,569 | -€34,210 | -48.3% |
| Equity | 10/15 | -€62,213 | -€21,569 | +€40,645 | +65.3% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Contributions outside capital | 11 | €20,000 | €20,000 | = | 0.0% |
| Other | 1109/19 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€82,213 | -€41,569 | +€40,645 | +49.4% |
| Amounts payable | 17/49 | €132,993 | €58,138 | -€74,855 | -56.3% |
| Amounts payable within one year | 42/48 | €132,993 | €58,138 | -€74,855 | -56.3% |
| Trade debts | 44 | €78,119 | €44,682 | -€33,437 | -42.8% |
| Suppliers | 440/4 | €78,119 | €44,682 | -€33,437 | -42.8% |
| Advances received on contracts in progress | 46 | €15,825 | - | -€15,825 | |
| Taxes, remuneration and social security | 45 | €15,935 | €13,456 | -€2,479 | -15.6% |
| Taxes | 450/3 | €6,065 | €12,376 | +€6,311 | +104.1% |
| Remuneration and social security | 454/9 | €9,871 | €1,080 | -€8,790 | -89.1% |
| Other amounts payable | 47/48 | €23,114 | - | -€23,114 | |
| Remuneration, social security and pensions | 62 | €5,690 | €11,103 | +€5,412 | +95.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,042 | €405 | -€18,637 | -97.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €2,466 | €12,000 | +€9,534 | +386.6% |
| Other operating charges | 640/8 | €2,985 | €787 | -€2,198 | -73.6% |
| Non-recurring operating charges | 66A | €222 | €36,984 | +€36,762 | +16559.6% |
| Gross operating margin | 9900 | -€21,973 | €107,213 | +€129,187 | |
| Operating profit (loss) | 9901 | -€52,378 | €45,934 | +€98,312 | |
| Financial income | 75/76B | €10 | €105 | +€94 | +931.0% |
| Recurring financial income | 75 | €10 | €105 | +€94 | +931.0% |
| Financial charges | 65/66B | €2,852 | €5,394 | +€2,542 | +89.2% |
| Recurring financial charges | 65 | €2,852 | €5,394 | +€2,542 | +89.2% |
| Profit (loss) for the period before taxes | 9903 | -€55,220 | €40,645 | +€95,864 | |
| Profit (loss) for the period | 9904 | -€55,220 | €40,645 | +€95,864 | |
| Profit (loss) for the period to be appropriated | 9905 | -€55,220 | €40,645 | +€95,864 |
Source: filed annual accounts (NBB), financial years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.