ELECTROTHEQUE: 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.
ELECTROTHEQUE
Largest movements
- Stocks and contracts -€20,409
down €20,409 (-26.8%), from €76,248 to €55,839
- Receivables within one year -€9,176
down €9,176 (-53.8%), from €17,069 to €7,893
of which Trade receivables: -€7,635
- Cash -€1,396
down €1,396 (-11.7%), from €11,973 to €10,577
mainly Net result for the year (-€28,711) and Tax, wage and social debts (-€2,200)
- Profit (loss) carried forward -€28,711
down €28,711 (-57.1%), from €50,273 to €21,562
- Tax, wage and social debts -€2,200
down €2,200 (-68.8%), from €3,200 to €1,000
- Gross operating margin -€26,878
down €26,878, from €13,269 to -€13,609
- Write-downs -€5,102
down €5,102 (-26.8%), from €19,062 to €13,960
- Taxes +€316
new in 2025: €316
- Depreciation +€250
up €250 (+109%), from €229 to €479
- Financial charges +€160
up €160 (+59.5%), from €269 to €429
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 | €106,237 | €76,102 | -€30,135 | -28.4% |
| Fixed assets | 21/28 | €947 | €1,518 | +€571 | +60.3% |
| Tangible fixed assets | 22/27 | €947 | €1,518 | +€571 | +60.3% |
| Furniture and vehicles | 24 | €947 | €1,518 | +€571 | +60.3% |
| Current assets | 29/58 | €105,290 | €74,584 | -€30,706 | -29.2% |
| Stocks and contracts in progress | 3 | €76,248 | €55,839 | -€20,409 | -26.8% |
| Stocks | 30/36 | €76,248 | €55,839 | -€20,409 | -26.8% |
| Amounts receivable within one year | 40/41 | €17,069 | €7,893 | -€9,176 | -53.8% |
| Trade receivables | 40 | €7,811 | €176 | -€7,635 | -97.7% |
| Other amounts receivable | 41 | €9,258 | €7,717 | -€1,541 | -16.6% |
| Cash at bank and in hand | 54/58 | €11,973 | €10,577 | -€1,396 | -11.7% |
| Deferred charges and accrued income | 490/1 | - | €275 | +€275 | |
| Total equity and liabilities | 10/49 | €106,237 | €76,102 | -€30,135 | -28.4% |
| Equity | 10/15 | €102,979 | €74,268 | -€28,711 | -27.9% |
| Contributions | 10/11 | €19,831 | €19,831 | = | 0.0% |
| Reserves | 13 | €32,875 | €32,875 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,983 | €1,983 | = | 0.0% |
| Financial assistance | 1313 | €1,983 | - | -€1,983 | |
| Other | 1319 | - | €1,983 | +€1,983 | |
| Tax-exempt reserves | 132 | €12,701 | €12,701 | = | 0.0% |
| Distributable reserves | 133 | €18,191 | €18,191 | = | 0.0% |
| Profit (loss) carried forward | 14 | €50,273 | €21,562 | -€28,711 | -57.1% |
| Amounts payable | 17/49 | €3,258 | €1,834 | -€1,424 | -43.7% |
| Amounts payable within one year | 42/48 | €3,258 | €1,834 | -€1,424 | -43.7% |
| Trade debts | 44 | €58 | €834 | +€776 | +1,338% |
| Suppliers | 440/4 | €58 | €834 | +€776 | +1,338% |
| Taxes, remuneration and social security | 45 | €3,200 | €1,000 | -€2,200 | -68.8% |
| Taxes | 450/3 | €3,200 | €1,000 | -€2,200 | -68.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €229 | €479 | +€250 | +109% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €19,062 | €13,960 | -€5,102 | -26.8% |
| Other operating charges | 640/8 | €293 | €175 | -€118 | -40.3% |
| Gross operating margin | 9900 | €13,269 | -€13,609 | -€26,878 | |
| Operating profit (loss) | 9901 | -€6,315 | -€28,223 | -€21,908 | -347% |
| Financial income | 75/76B | €278 | €257 | -€21 | -7.6% |
| Recurring financial income | 75 | €278 | €257 | -€21 | -7.6% |
| Financial charges | 65/66B | €269 | €429 | +€160 | +59.5% |
| Recurring financial charges | 65 | €269 | €429 | +€160 | +59.5% |
| Profit (loss) for the period before taxes | 9903 | -€6,306 | -€28,395 | -€22,089 | -350% |
| Income taxes | 67/77 | - | €316 | +€316 | |
| Profit (loss) for the period | 9904 | -€6,306 | -€28,711 | -€22,405 | -355% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,306 | -€28,711 | -€22,405 | -355% |
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.