Electrovolet: 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.
What changed
Electrovolet
NACE 25.120, Manufacture of fabricated metal products, except machinery and equipment
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€213,739
2024 · €295,664-€81,925
Equity
€1.1m
2024 · €987,211+€113,682
Cash
€732,756
2024 · €743,927-€11,171
Balance sheet total
€2.3m
2024 · €2.2m+€23,397
Largest movements
Assets
- Receivables after one year +€200,000
new in 2025: €200,000
- Receivables within one year -€146,626
down €146,626 (-21.1%), from €694,591 to €547,965
of which Other amounts receivable: -€75,545
- Financial fixed assets +€45,000
up €45,000 (+1359.7%), from €3,310 to €48,310
- Stocks and contracts -€44,181
down €44,181 (-12.3%), from €359,232 to €315,051
- Deferred charges and accrued income -€24,292
down €24,292 (-63.7%), from €38,120 to €13,827
Equity and liabilities
- Trade debts -€150,966
down €150,966 (-25.8%), from €584,558 to €433,591
- Reserves +€100,000
up €100,000 (+11.2%), from €895,422 to €995,422
of which Distributable reserves: +€100,000
- Tax, wage and social debts +€99,122
up €99,122 (+77.9%), from €127,188 to €226,310
of which Taxes: +€90,601
- Debts after one year -€92,511
down €92,511 (-43.6%), from €212,266 to €119,755
- Other debts +€50,000
up €50,000 (+25.0%), from €200,000 to €250,000
Income statement
- Staff costs +€79,321
up €79,321 (+7.0%), from €1.1m to €1.2m
- Gross operating margin -€17,638
down €17,638 (-1.1%), from €1.6m to €1.6m
- Taxes -€16,609
down €16,609 (-15.5%), from €107,210 to €90,601
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
€295,664
Gross operating margin
-€17,638
Staff costs
-€79,321
Depreciation
-€1,666
Other operating charges
+€2,609
Financial income
-€2,205
Financial charges
-€313
Taxes
+€16,609
Result 2025
€213,739
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
+€289,116
Investment
-€108,506
Financing
-€191,781
Cash 2024
€743,927
From operations (derived)
+€289,116
Net result for the year
+€213,739
Depreciation
+€58,839
Receivables after one year
-€200,000
Stocks and contracts
+€44,181
Receivables within one year
+€146,626
Deferred charges and accrued income
+€24,292
Trade debts
-€150,966
Tax, wage and social debts
+€99,122
Other debts
+€50,000
Accrued charges and deferred income
+€3,284
Investment (derived)
-€108,506
Investment in fixed assets (net)
-€108,506
Financing
-€191,781
Debts after one year
-€92,511
Current portion of long-term debt
+€788
Contributions, distributions and other
-€100,057
Cash 2025
€732,756
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,235,306 | €2,258,702 | +€23,397 | +1.0% |
| Fixed assets | 21/28 | €399,436 | €449,104 | +€49,667 | +12.4% |
| Intangible fixed assets | 21 | €279 | €0 | -€279 | -100.0% |
| Tangible fixed assets | 22/27 | €395,848 | €400,794 | +€4,946 | +1.2% |
| Land and buildings | 22 | €97,938 | €95,969 | -€1,969 | -2.0% |
| Plant, machinery and equipment | 23 | €39,035 | €29,367 | -€9,668 | -24.8% |
| Furniture and vehicles | 24 | €137,204 | €96,547 | -€40,657 | -29.6% |
| Other tangible fixed assets | 26 | €121,671 | €118,911 | -€2,760 | -2.3% |
| Assets under construction and advance payments | 27 | - | €60,000 | +€60,000 | |
| Financial fixed assets | 28 | €3,310 | €48,310 | +€45,000 | +1359.7% |
| Current assets | 29/58 | €1,835,869 | €1,809,599 | -€26,271 | -1.4% |
| Amounts receivable after more than one year | 29 | - | €200,000 | +€200,000 | |
| Other amounts receivable | 291 | - | €200,000 | +€200,000 | |
| Stocks and contracts in progress | 3 | €359,232 | €315,051 | -€44,181 | -12.3% |
| Stocks | 30/36 | €359,232 | €315,051 | -€44,181 | -12.3% |
| Amounts receivable within one year | 40/41 | €694,591 | €547,965 | -€146,626 | -21.1% |
| Trade receivables | 40 | €590,545 | €519,464 | -€71,081 | -12.0% |
| Other amounts receivable | 41 | €104,046 | €28,501 | -€75,545 | -72.6% |
| Cash at bank and in hand | 54/58 | €743,927 | €732,756 | -€11,171 | -1.5% |
| Deferred charges and accrued income | 490/1 | €38,120 | €13,827 | -€24,292 | -63.7% |
| Total equity and liabilities | 10/49 | €2,235,306 | €2,258,702 | +€23,397 | +1.0% |
| Equity | 10/15 | €987,211 | €1,100,892 | +€113,682 | +11.5% |
| Contributions | 10/11 | €84,284 | €84,284 | = | 0.0% |
| Reserves | 13 | €895,422 | €995,422 | +€100,000 | +11.2% |
| Non-distributable reserves | 130/1 | €8,428 | €8,428 | = | 0.0% |
| Reserves not available under the articles | 1311 | €8,428 | €8,428 | = | 0.0% |
| Tax-exempt reserves | 132 | €56,250 | €56,250 | = | 0.0% |
| Distributable reserves | 133 | €830,744 | €930,744 | +€100,000 | +12.0% |
| Profit (loss) carried forward | 14 | €6,739 | €20,478 | +€13,739 | +203.9% |
| Investment grants | 15 | €766 | €709 | -€57 | -7.5% |
| Amounts payable | 17/49 | €1,248,095 | €1,157,810 | -€90,285 | -7.2% |
| Amounts payable after more than one year | 17 | €212,266 | €119,755 | -€92,511 | -43.6% |
| Financial debts | 170/4 | €212,266 | €119,755 | -€92,511 | -43.6% |
| Amounts payable within one year | 42/48 | €1,003,469 | €1,002,412 | -€1,057 | -0.1% |
| Current portion of amounts payable after more than one year | 42 | €91,724 | €92,511 | +€788 | +0.9% |
| Trade debts | 44 | €584,558 | €433,591 | -€150,966 | -25.8% |
| Suppliers | 440/4 | €584,558 | €433,591 | -€150,966 | -25.8% |
| Taxes, remuneration and social security | 45 | €127,188 | €226,310 | +€99,122 | +77.9% |
| Taxes | 450/3 | €0 | €90,601 | +€90,601 | |
| Remuneration and social security | 454/9 | €127,188 | €135,708 | +€8,521 | +6.7% |
| Other amounts payable | 47/48 | €200,000 | €250,000 | +€50,000 | +25.0% |
| Accrued charges and deferred income | 492/3 | €32,359 | €35,643 | +€3,284 | +10.1% |
| Turnover | 70 | €0 | €0 | = | |
| Non-recurring operating income | 76A | - | €32,500 | +€32,500 | |
| Goods, raw materials, services and sundry goods | 60/61 | €0 | €0 | = | |
| Remuneration, social security and pensions | 62 | €1,127,246 | €1,206,567 | +€79,321 | +7.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €57,173 | €58,839 | +€1,666 | +2.9% |
| Other operating charges | 640/8 | €25,032 | €22,423 | -€2,609 | -10.4% |
| Operating charges capitalised as restructuring costs | 649 | - | €0 | = | |
| Non-recurring operating charges | 66A | €0 | €0 | = | |
| Gross operating margin | 9900 | €1,609,704 | €1,592,066 | -€17,638 | -1.1% |
| Operating profit (loss) | 9901 | €400,253 | €304,236 | -€96,017 | -24.0% |
| Financial income | 75/76B | €9,082 | €6,878 | -€2,205 | -24.3% |
| Recurring financial income | 75 | €9,082 | €6,878 | -€2,205 | -24.3% |
| Financial charges | 65/66B | €6,461 | €6,774 | +€313 | +4.8% |
| Recurring financial charges | 65 | €6,461 | €6,774 | +€313 | +4.8% |
| Profit (loss) for the period before taxes | 9903 | €402,875 | €304,340 | -€98,535 | -24.5% |
| Income taxes | 67/77 | €107,210 | €90,601 | -€16,609 | -15.5% |
| Profit (loss) for the period | 9904 | €295,664 | €213,739 | -€81,925 | -27.7% |
| Profit (loss) for the period to be appropriated | 9905 | €295,664 | €213,739 | -€81,925 | -27.7% |
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 2 October 2026 via checked.be.