ELECTRONORD: 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.
ELECTRONORD
Largest movements
- Tangible fixed assets +€15,820
new in 2025: €15,820
- Cash -€14,131
down €14,131 (-60.9%), from €23,217 to €9,086
mainly Investment in fixed assets (net) (-€19,775) and Tax, wage and social debts (-€12,933)
- Receivables within one year +€3,956
up €3,956 (+8.0%), from €49,547 to €53,503
of which Other amounts receivable: +€14,597
- Tax, wage and social debts -€12,933
down €12,933 (-90.3%), from €14,323 to €1,390
of which Taxes: -€12,768
- Debts after one year +€9,024
new in 2025: €9,024
- Current portion of long-term debt +€5,455
new in 2025: €5,455
- Profit (loss) carried forward +€4,168
up €4,168 (+7.8%), from €53,372 to €57,540
- Purchases and services +€39,213
up €39,213 (+78.9%), from €49,687 to €88,900
- Turnover +€25,917
up €25,917 (+33.1%), from €78,273 to €104,190
- Gross operating margin -€13,297
down €13,297 (-46.5%), from €28,587 to €15,290
- Taxes -€4,461
down €4,461 (-76.2%), from €5,851 to €1,390
- Depreciation +€3,955
new in 2025: €3,955
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 | €72,764 | €78,409 | +€5,645 | +7.8% |
| Fixed assets | 21/28 | - | €15,820 | +€15,820 | |
| Tangible fixed assets | 22/27 | - | €15,820 | +€15,820 | |
| Furniture and vehicles | 24 | - | €15,820 | +€15,820 | |
| Current assets | 29/58 | €72,764 | €62,589 | -€10,175 | -14.0% |
| Amounts receivable within one year | 40/41 | €49,547 | €53,503 | +€3,956 | +8.0% |
| Trade receivables | 40 | €15,641 | €5,000 | -€10,641 | -68.0% |
| Other amounts receivable | 41 | €33,906 | €48,503 | +€14,597 | +43.1% |
| Cash at bank and in hand | 54/58 | €23,217 | €9,086 | -€14,131 | -60.9% |
| Total equity and liabilities | 10/49 | €72,764 | €78,409 | +€5,645 | +7.8% |
| Equity | 10/15 | €58,372 | €62,540 | +€4,168 | +7.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €53,372 | €57,540 | +€4,168 | +7.8% |
| Amounts payable | 17/49 | €14,392 | €15,869 | +€1,477 | +10.3% |
| Amounts payable after more than one year | 17 | - | €9,024 | +€9,024 | |
| Financial debts | 170/4 | - | €9,024 | +€9,024 | |
| Amounts payable within one year | 42/48 | €14,392 | €6,845 | -€7,547 | -52.4% |
| Current portion of amounts payable after more than one year | 42 | - | €5,455 | +€5,455 | |
| Trade debts | 44 | €69 | - | -€69 | |
| Suppliers | 440/4 | €69 | - | -€69 | |
| Taxes, remuneration and social security | 45 | €14,323 | €1,390 | -€12,933 | -90.3% |
| Taxes | 450/3 | €14,158 | €1,390 | -€12,768 | -90.2% |
| Remuneration and social security | 454/9 | €165 | - | -€165 | |
| Turnover | 70 | €78,273 | €104,190 | +€25,917 | +33.1% |
| Goods, raw materials, services and sundry goods | 60/61 | €49,687 | €88,900 | +€39,213 | +78.9% |
| Remuneration, social security and pensions | 62 | €196 | €3,863 | +€3,667 | +1,871% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €3,955 | +€3,955 | |
| Other operating charges | 640/8 | €5,029 | €1,722 | -€3,307 | -65.8% |
| Gross operating margin | 9900 | €28,587 | €15,290 | -€13,297 | -46.5% |
| Operating profit (loss) | 9901 | €23,362 | €5,750 | -€17,612 | -75.4% |
| Financial income | 75/76B | €224 | €87 | -€137 | -61.2% |
| Recurring financial income | 75 | €224 | €87 | -€137 | -61.2% |
| Financial charges | 65/66B | €180 | €279 | +€99 | +55.0% |
| Recurring financial charges | 65 | €180 | €279 | +€99 | +55.0% |
| Profit (loss) for the period before taxes | 9903 | €23,406 | €5,558 | -€17,848 | -76.3% |
| Income taxes | 67/77 | €5,851 | €1,390 | -€4,461 | -76.2% |
| Profit (loss) for the period | 9904 | €17,555 | €4,168 | -€13,387 | -76.3% |
| Profit (loss) for the period to be appropriated | 9905 | €17,555 | €4,168 | -€13,387 | -76.3% |
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 14 October 2026 via checked.be.