ELECTROSOLD BORINAGE: 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.
ELECTROSOLD BORINAGE
Largest movements
- Cash +€203,615
up €203,615 (+188%), from €108,448 to €312,063
mainly Receivables within one year (+€141,661) and Net result for the year (+€56,934)
- Receivables within one year -€141,661
down €141,661 (-90.6%), from €156,274 to €14,614
of which Other amounts receivable: -€138,144
- Stocks and contracts -€7,996
down €7,996 (-2.5%), from €325,381 to €317,385
- Trade debts +€21,389
up €21,389 (+29.2%), from €73,328 to €94,716
- Other debts +€17,326
new in 2025: €17,326
- Reserves +€8,933
up €8,933 (+3.9%), from €226,971 to €235,904
of which Distributable reserves: +€8,933
- Gross operating margin +€35,082
up €35,082 (+27.8%), from €126,383 to €161,465
- Taxes +€14,779
up €14,779 (+160%), from €9,210 to €23,988
- Depreciation -€7,632
down €7,632 (-55.8%), from €13,689 to €6,057
- Staff costs -€5,358
down €5,358 (-8.2%), from €65,507 to €60,149
- Financial charges +€3,928
up €3,928 (+50.4%), from €7,787 to €11,715
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 | €620,614 | €668,340 | +€47,726 | +7.7% |
| Fixed assets | 21/28 | €30,088 | €24,031 | -€6,057 | -20.1% |
| Tangible fixed assets | 22/27 | €30,088 | €24,031 | -€6,057 | -20.1% |
| Furniture and vehicles | 24 | €30,088 | €24,031 | -€6,057 | -20.1% |
| Current assets | 29/58 | €590,526 | €644,310 | +€53,784 | +9.1% |
| Stocks and contracts in progress | 3 | €325,381 | €317,385 | -€7,996 | -2.5% |
| Stocks | 30/36 | €325,381 | €317,385 | -€7,996 | -2.5% |
| Amounts receivable within one year | 40/41 | €156,274 | €14,614 | -€141,661 | -90.6% |
| Trade receivables | 40 | €17,864 | €14,348 | -€3,516 | -19.7% |
| Other amounts receivable | 41 | €138,410 | €266 | -€138,144 | -99.8% |
| Cash at bank and in hand | 54/58 | €108,448 | €312,063 | +€203,615 | +188% |
| Deferred charges and accrued income | 490/1 | €422 | €247 | -€175 | -41.5% |
| Total equity and liabilities | 10/49 | €620,614 | €668,340 | +€47,726 | +7.7% |
| Equity | 10/15 | €474,202 | €483,135 | +€8,933 | +1.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €226,971 | €235,904 | +€8,933 | +3.9% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €225,111 | €234,044 | +€8,933 | +4.0% |
| Profit (loss) carried forward | 14 | €228,631 | €228,631 | = | 0.0% |
| Amounts payable | 17/49 | €146,412 | €185,205 | +€38,793 | +26.5% |
| Amounts payable after more than one year | 17 | €24,915 | €18,990 | -€5,924 | -23.8% |
| Financial debts | 170/4 | €24,915 | €18,990 | -€5,924 | -23.8% |
| Amounts payable within one year | 42/48 | €121,497 | €166,215 | +€44,717 | +36.8% |
| Current portion of amounts payable after more than one year | 42 | €5,732 | €5,924 | +€192 | +3.4% |
| Trade debts | 44 | €73,328 | €94,716 | +€21,389 | +29.2% |
| Suppliers | 440/4 | €73,328 | €94,716 | +€21,389 | +29.2% |
| Taxes, remuneration and social security | 45 | €42,438 | €48,248 | +€5,810 | +13.7% |
| Taxes | 450/3 | €35,635 | €42,006 | +€6,370 | +17.9% |
| Remuneration and social security | 454/9 | €6,802 | €6,242 | -€560 | -8.2% |
| Other amounts payable | 47/48 | - | €17,326 | +€17,326 | |
| Remuneration, social security and pensions | 62 | €65,507 | €60,149 | -€5,358 | -8.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,689 | €6,057 | -€7,632 | -55.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €2,996 | -€888 | -€3,885 | |
| Other operating charges | 640/8 | €5,784 | €6,405 | +€621 | +10.7% |
| Gross operating margin | 9900 | €126,383 | €161,465 | +€35,082 | +27.8% |
| Operating profit (loss) | 9901 | €38,406 | €89,742 | +€51,336 | +134% |
| Financial income | 75/76B | €606 | €2,896 | +€2,290 | +378% |
| Recurring financial income | 75 | €606 | €2,896 | +€2,290 | +378% |
| Financial charges | 65/66B | €7,787 | €11,715 | +€3,928 | +50.4% |
| Recurring financial charges | 65 | €7,787 | €11,715 | +€3,928 | +50.4% |
| Profit (loss) for the period before taxes | 9903 | €31,225 | €80,923 | +€49,698 | +159% |
| Income taxes | 67/77 | €9,210 | €23,988 | +€14,779 | +160% |
| Profit (loss) for the period | 9904 | €22,015 | €56,934 | +€34,919 | +159% |
| Profit (loss) for the period to be appropriated | 9905 | €22,015 | €56,934 | +€34,919 | +159% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.