ELECTROOD: 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.
ELECTROOD
Largest movements
- Cash -€26,487
down €26,487 (-32.8%), from €80,694 to €54,207
mainly Short-term financial debts (-€25,000) and Stocks and contracts (-€7,780)
- Tangible fixed assets -€16,678
down €16,678 (-9.8%), from €170,367 to €153,690
of which Land and buildings: -€8,339
- Stocks and contracts +€7,780
up €7,780 (+34.6%), from €22,500 to €30,280
of which Stocks: +€5,000
- Receivables within one year +€4,300
up €4,300 (+14.6%), from €29,546 to €33,846
of which Other amounts receivable: +€10,733
- Short-term financial debts -€25,000
down €25,000 (-50.0%), from €50,000 to €25,000
- Debts after one year -€7,530
down €7,530 (-5.9%), from €127,866 to €120,336
- Trade debts -€5,173
down €5,173 (-58.8%), from €8,803 to €3,630
- Profit (loss) carried forward +€4,735
up €4,735 (+32.7%), from -€14,497 to -€9,762
- Tax, wage and social debts +€3,456
up €3,456 (+272.4%), from €1,269 to €4,725
- Gross operating margin +€14,873
up €14,873 (+80.2%), from €18,543 to €33,416
- Financial income +€1,049
up €1,049 (+201.1%), from €522 to €1,571
- Depreciation +€1,010
up €1,010 (+5.5%), from €18,318 to €19,328
- Other operating charges +€823
up €823 (+170.5%), from €483 to €1,306
- Financial charges +€658
up €658 (+7.5%), from €8,762 to €9,420
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 | €304,758 | €274,235 | -€30,523 | -10.0% |
| Fixed assets | 21/28 | €170,367 | €153,690 | -€16,678 | -9.8% |
| Tangible fixed assets | 22/27 | €170,367 | €153,690 | -€16,678 | -9.8% |
| Land and buildings | 22 | €132,374 | €124,035 | -€8,339 | -6.3% |
| Plant, machinery and equipment | 23 | €29,683 | €21,559 | -€8,124 | -27.4% |
| Furniture and vehicles | 24 | €3,624 | €4,064 | +€440 | +12.1% |
| Other tangible fixed assets | 26 | €4,686 | €4,031 | -€655 | -14.0% |
| Current assets | 29/58 | €134,390 | €120,545 | -€13,845 | -10.3% |
| Stocks and contracts in progress | 3 | €22,500 | €30,280 | +€7,780 | +34.6% |
| Stocks | 30/36 | €2,500 | €7,500 | +€5,000 | +200.0% |
| Contracts in progress | 37 | €20,000 | €22,780 | +€2,780 | +13.9% |
| Amounts receivable within one year | 40/41 | €29,546 | €33,846 | +€4,300 | +14.6% |
| Trade receivables | 40 | €15,209 | €8,776 | -€6,433 | -42.3% |
| Other amounts receivable | 41 | €14,337 | €25,070 | +€10,733 | +74.9% |
| Current investments | 50/53 | - | €250 | +€250 | |
| Cash at bank and in hand | 54/58 | €80,694 | €54,207 | -€26,487 | -32.8% |
| Deferred charges and accrued income | 490/1 | €1,650 | €1,962 | +€312 | +18.9% |
| Total equity and liabilities | 10/49 | €304,758 | €274,235 | -€30,523 | -10.0% |
| Equity | 10/15 | €107,329 | €112,064 | +€4,735 | +4.4% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €103,275 | €103,275 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,855 | - | -€1,855 | |
| Reserves not available under the articles | 1311 | €1,855 | - | -€1,855 | |
| Distributable reserves | 133 | €101,420 | €103,275 | +€1,855 | +1.8% |
| Profit (loss) carried forward | 14 | -€14,497 | -€9,762 | +€4,735 | +32.7% |
| Amounts payable | 17/49 | €197,429 | €162,171 | -€35,258 | -17.9% |
| Amounts payable after more than one year | 17 | €127,866 | €120,336 | -€7,530 | -5.9% |
| Financial debts | 170/4 | €127,866 | €120,336 | -€7,530 | -5.9% |
| Amounts payable within one year | 42/48 | €69,563 | €41,835 | -€27,728 | -39.9% |
| Current portion of amounts payable after more than one year | 42 | €9,491 | €8,480 | -€1,011 | -10.7% |
| Financial debts | 43 | €50,000 | €25,000 | -€25,000 | -50.0% |
| Credit institutions | 430/8 | €50,000 | €25,000 | -€25,000 | -50.0% |
| Trade debts | 44 | €8,803 | €3,630 | -€5,173 | -58.8% |
| Suppliers | 440/4 | €8,803 | €3,630 | -€5,173 | -58.8% |
| Taxes, remuneration and social security | 45 | €1,269 | €4,725 | +€3,456 | +272.4% |
| Taxes | 450/3 | €1,269 | €4,725 | +€3,456 | +272.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,318 | €19,328 | +€1,010 | +5.5% |
| Other operating charges | 640/8 | €483 | €1,306 | +€823 | +170.5% |
| Gross operating margin | 9900 | €18,543 | €33,416 | +€14,873 | +80.2% |
| Operating profit (loss) | 9901 | -€258 | €12,782 | +€13,040 | |
| Financial income | 75/76B | €522 | €1,571 | +€1,049 | +201.1% |
| Recurring financial income | 75 | €522 | €1,571 | +€1,049 | +201.1% |
| Financial charges | 65/66B | €8,762 | €9,420 | +€658 | +7.5% |
| Recurring financial charges | 65 | €8,762 | €9,420 | +€658 | +7.5% |
| Profit (loss) for the period before taxes | 9903 | -€8,499 | €4,932 | +€13,431 | |
| Income taxes | 67/77 | €162 | €197 | +€35 | +21.3% |
| Profit (loss) for the period | 9904 | -€8,661 | €4,735 | +€13,396 | |
| Profit (loss) for the period to be appropriated | 9905 | -€8,661 | €4,735 | +€13,396 |
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 7 October 2026 via checked.be.