Electrotech: 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.
Electrotech
Largest movements
- Cash -€14,359
no longer reported in 2025 (was €14,359)
mainly Investment in fixed assets (net) (-€26,150) and Receivables within one year (-€12,347)
- Receivables within one year +€12,347
up €12,347 (+83.5%), from €14,784 to €27,131
of which Trade receivables: +€22,909
- Tangible fixed assets +€4,337
up €4,337 (+7.9%), from €54,822 to €59,160
of which Furniture and vehicles: +€6,016
- Tax, wage and social debts -€10,929
down €10,929 (-48.0%), from €22,749 to €11,820
of which Remuneration and social security: -€10,683
- Short-term financial debts +€6,787
new in 2025: €6,787
- Current portion of long-term debt +€6,527
up €6,527 (+52.5%), from €12,422 to €18,949
- Debts after one year +€4,590
up €4,590 (+18.1%), from €25,369 to €29,959
- Profit (loss) carried forward -€3,492
down €3,492 (-21.2%), from €16,440 to €12,948
- Gross operating margin -€87,588
down €87,588 (-50.3%), from €174,102 to €86,514
- Staff costs -€75,397
down €75,397 (-54.0%), from €139,526 to €64,129
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 | €84,200 | €86,768 | +€2,568 | +3.0% |
| Fixed assets | 21/28 | €55,057 | €59,394 | +€4,337 | +7.9% |
| Tangible fixed assets | 22/27 | €54,822 | €59,160 | +€4,337 | +7.9% |
| Plant, machinery and equipment | 23 | €9,179 | €7,500 | -€1,679 | -18.3% |
| Furniture and vehicles | 24 | €45,644 | €51,660 | +€6,016 | +13.2% |
| Financial fixed assets | 28 | €235 | €235 | = | 0.0% |
| Current assets | 29/58 | €29,143 | €27,373 | -€1,769 | -6.1% |
| Amounts receivable within one year | 40/41 | €14,784 | €27,131 | +€12,347 | +83.5% |
| Trade receivables | 40 | - | €22,909 | +€22,909 | |
| Other amounts receivable | 41 | €14,784 | €4,222 | -€10,562 | -71.4% |
| Cash at bank and in hand | 54/58 | €14,359 | - | -€14,359 | |
| Deferred charges and accrued income | 490/1 | - | €242 | +€242 | |
| Total equity and liabilities | 10/49 | €84,200 | €86,768 | +€2,568 | +3.0% |
| Equity | 10/15 | €19,440 | €15,948 | -€3,492 | -18.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €16,440 | €12,948 | -€3,492 | -21.2% |
| Amounts payable | 17/49 | €64,760 | €70,820 | +€6,060 | +9.4% |
| Amounts payable after more than one year | 17 | €25,369 | €29,959 | +€4,590 | +18.1% |
| Financial debts | 170/4 | €25,369 | €29,959 | +€4,590 | +18.1% |
| Amounts payable within one year | 42/48 | €39,321 | €40,747 | +€1,425 | +3.6% |
| Current portion of amounts payable after more than one year | 42 | €12,422 | €18,949 | +€6,527 | +52.5% |
| Financial debts | 43 | - | €6,787 | +€6,787 | |
| Credit institutions | 430/8 | - | €6,787 | +€6,787 | |
| Trade debts | 44 | €1,373 | €3,190 | +€1,817 | +132% |
| Suppliers | 440/4 | €1,373 | €3,190 | +€1,817 | +132% |
| Taxes, remuneration and social security | 45 | €22,749 | €11,820 | -€10,929 | -48.0% |
| Taxes | 450/3 | €8,256 | €8,010 | -€246 | -3.0% |
| Remuneration and social security | 454/9 | €14,493 | €3,810 | -€10,683 | -73.7% |
| Other amounts payable | 47/48 | €2,777 | - | -€2,777 | |
| Accrued charges and deferred income | 492/3 | €69 | €114 | +€45 | +65.0% |
| Remuneration, social security and pensions | 62 | €139,526 | €64,129 | -€75,397 | -54.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,962 | €21,813 | +€850 | +4.1% |
| Other operating charges | 640/8 | €817 | €2,087 | +€1,270 | +155% |
| Gross operating margin | 9900 | €174,102 | €86,514 | -€87,588 | -50.3% |
| Operating profit (loss) | 9901 | €12,797 | -€1,515 | -€14,312 | |
| Financial income | 75/76B | €108 | €229 | +€121 | +111% |
| Recurring financial income | 75 | €108 | €229 | +€121 | +111% |
| Financial charges | 65/66B | €2,424 | €2,207 | -€217 | -9.0% |
| Recurring financial charges | 65 | €2,424 | €2,207 | -€217 | -9.0% |
| Profit (loss) for the period before taxes | 9903 | €10,482 | -€3,492 | -€13,974 | |
| Profit (loss) for the period | 9904 | €10,482 | -€3,492 | -€13,974 | |
| Profit (loss) for the period to be appropriated | 9905 | €10,482 | -€3,492 | -€13,974 |
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 15 October 2026 via checked.be.