ELECTROVA: 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.
What changed
ELECTROVA
NACE 95.210, Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€159,289
2024 · €264,093-€104,804
Equity
€2.2m
2024 · €2.0m+€159,289
Cash
€151,097
2024 · €252,653-€101,556
Balance sheet total
€2.6m
2024 · €2.6m+€82,555
Largest movements
Assets
- Stocks and contracts +€175,610
up €175,610 (+25.6%), from €686,089 to €861,699
of which Contracts in progress: +€199,670
- Cash -€101,556
down €101,556 (-40.2%), from €252,653 to €151,097
mainly Stocks and contracts (-€175,610) and Short-term financial debts (-€91,753)
Equity and liabilities
- Profit (loss) carried forward +€164,976
up €164,976 (+60.4%), from €272,981 to €437,957
- Short-term financial debts -€91,753
no longer reported in 2025 (was €91,753)
- Trade debts +€89,986
up €89,986 (+41.6%), from €216,532 to €306,518
- Other debts -€35,484
no longer reported in 2025 (was €35,484)
Income statement
- Staff costs +€86,794
up €86,794 (+16.1%), from €539,687 to €626,481
- Gross operating margin -€73,329
down €73,329 (-7.5%), from €975,603 to €902,275
- Taxes -€30,167
down €30,167 (-32.0%), from €94,324 to €64,157
- Write-downs -€27,083
no longer reported in 2025 (was €27,083)
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.
Result 2024
€264,093
Gross operating margin
-€73,329
Staff costs
-€86,794
Depreciation
-€3,219
Write-downs
+€27,083
Other operating charges
-€78
Financial income
-€3,826
Financial charges
+€5,193
Taxes
+€30,167
Result 2025
€159,289
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.
From operations
+€55,373
Investment
-€35,822
Financing
-€121,107
Cash 2024
€252,653
From operations (derived)
+€55,373
Net result for the year
+€159,289
Depreciation
+€55,315
Stocks and contracts
-€175,610
Receivables within one year
-€26,084
Deferred charges and accrued income
-€1,909
Provisions
-€1,896
Trade debts
+€89,986
Tax, wage and social debts
-€2,634
Other debts
-€35,484
Accrued charges and deferred income
-€5,600
Investment (derived)
-€35,822
Investment in fixed assets (net)
-€35,822
Financing
-€121,107
Debts after one year
-€7,842
Current portion of long-term debt
-€21,512
Short-term financial debts
-€91,753
Cash 2025
€151,097
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,562,358 | €2,644,913 | +€82,555 | +3.2% |
| Fixed assets | 21/28 | €1,084,270 | €1,064,777 | -€19,493 | -1.8% |
| Intangible fixed assets | 21 | €306 | €154 | -€152 | -49.7% |
| Tangible fixed assets | 22/27 | €1,083,815 | €1,064,475 | -€19,341 | -1.8% |
| Land and buildings | 22 | €1,050,000 | €1,012,800 | -€37,200 | -3.5% |
| Plant, machinery and equipment | 23 | €28,250 | €22,940 | -€5,311 | -18.8% |
| Furniture and vehicles | 24 | €5,565 | €28,735 | +€23,170 | +416.4% |
| Financial fixed assets | 28 | €149 | €149 | = | 0.0% |
| Current assets | 29/58 | €1,478,088 | €1,580,136 | +€102,048 | +6.9% |
| Stocks and contracts in progress | 3 | €686,089 | €861,699 | +€175,610 | +25.6% |
| Stocks | 30/36 | €635,412 | €611,352 | -€24,060 | -3.8% |
| Contracts in progress | 37 | €50,678 | €250,347 | +€199,670 | +394.0% |
| Amounts receivable within one year | 40/41 | €530,012 | €556,096 | +€26,084 | +4.9% |
| Trade receivables | 40 | €524,290 | €520,242 | -€4,049 | -0.8% |
| Other amounts receivable | 41 | €5,722 | €35,854 | +€30,133 | +526.6% |
| Cash at bank and in hand | 54/58 | €252,653 | €151,097 | -€101,556 | -40.2% |
| Deferred charges and accrued income | 490/1 | €9,334 | €11,243 | +€1,909 | +20.5% |
| Total equity and liabilities | 10/49 | €2,562,358 | €2,644,913 | +€82,555 | +3.2% |
| Equity | 10/15 | €2,030,199 | €2,189,488 | +€159,289 | +7.8% |
| Contributions | 10/11 | €395,789 | €395,789 | = | 0.0% |
| Revaluation surpluses | 12 | €771,162 | €771,162 | = | 0.0% |
| Reserves | 13 | €590,267 | €584,580 | -€5,687 | -1.0% |
| Tax-exempt reserves | 132 | €119,145 | €113,458 | -€5,687 | -4.8% |
| Distributable reserves | 133 | €471,122 | €471,122 | = | 0.0% |
| Profit (loss) carried forward | 14 | €272,981 | €437,957 | +€164,976 | +60.4% |
| Provisions and deferred taxes | 16 | €39,715 | €37,819 | -€1,896 | -4.8% |
| Deferred taxes | 168 | €39,715 | €37,819 | -€1,896 | -4.8% |
| Amounts payable | 17/49 | €492,444 | €417,605 | -€74,839 | -15.2% |
| Amounts payable after more than one year | 17 | €28,770 | €20,928 | -€7,842 | -27.3% |
| Financial debts | 170/4 | €28,770 | €20,928 | -€7,842 | -27.3% |
| Amounts payable within one year | 42/48 | €458,074 | €396,677 | -€61,397 | -13.4% |
| Current portion of amounts payable after more than one year | 42 | €29,354 | €7,842 | -€21,512 | -73.3% |
| Financial debts | 43 | €91,753 | - | -€91,753 | |
| Credit institutions | 430/8 | €91,753 | - | -€91,753 | |
| Trade debts | 44 | €216,532 | €306,518 | +€89,986 | +41.6% |
| Suppliers | 440/4 | €216,532 | €306,518 | +€89,986 | +41.6% |
| Taxes, remuneration and social security | 45 | €84,951 | €82,317 | -€2,634 | -3.1% |
| Taxes | 450/3 | €17,382 | €23,605 | +€6,224 | +35.8% |
| Remuneration and social security | 454/9 | €67,569 | €58,712 | -€8,857 | -13.1% |
| Other amounts payable | 47/48 | €35,484 | - | -€35,484 | |
| Accrued charges and deferred income | 492/3 | €5,600 | - | -€5,600 | |
| Non-recurring operating income | 76A | €6,201 | - | -€6,201 | |
| Remuneration, social security and pensions | 62 | €539,687 | €626,481 | +€86,794 | +16.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €52,096 | €55,315 | +€3,219 | +6.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €27,083 | - | -€27,083 | |
| Other operating charges | 640/8 | €3,769 | €3,848 | +€78 | +2.1% |
| Gross operating margin | 9900 | €975,603 | €902,275 | -€73,329 | -7.5% |
| Operating profit (loss) | 9901 | €352,968 | €216,632 | -€136,337 | -38.6% |
| Financial income | 75/76B | €16,582 | €12,755 | -€3,826 | -23.1% |
| Recurring financial income | 75 | €16,582 | €12,755 | -€3,826 | -23.1% |
| Financial charges | 65/66B | €13,029 | €7,836 | -€5,193 | -39.9% |
| Recurring financial charges | 65 | €13,029 | €7,836 | -€5,193 | -39.9% |
| Profit (loss) for the period before taxes | 9903 | €356,521 | €221,550 | -€134,971 | -37.9% |
| Transfer from deferred taxes | 780 | €1,896 | €1,896 | = | 0.0% |
| Income taxes | 67/77 | €94,324 | €64,157 | -€30,167 | -32.0% |
| Profit (loss) for the period | 9904 | €264,093 | €159,289 | -€104,804 | -39.7% |
| Transfer from tax-exempt reserves | 789 | €5,687 | €5,687 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €269,780 | €164,976 | -€104,804 | -38.8% |
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 10 October 2026 via checked.be.