ELECTROWATT CONSTRUCT: 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.
ELECTROWATT CONSTRUCT
Largest movements
- Receivables within one year -€7,395
down €7,395 (-9.7%), from €76,361 to €68,966
of which Other amounts receivable: -€6,131
- Cash +€5,633
up €5,633 (+282%), from €1,995 to €7,629
mainly Receivables within one year (+€7,395) and Trade debts (+€5,391)
- Tangible fixed assets +€3,246
up €3,246 (+284%), from €1,143 to €4,389
of which Furniture and vehicles: +€3,523
- Trade debts +€5,391
up €5,391 (+487%), from €1,106 to €6,498
- Tax, wage and social debts -€3,458
down €3,458 (-93.8%), from €3,687 to €229
- Gross operating margin -€4,222
down €4,222 (-46.9%), from €9,000 to €4,779
- Taxes -€1,538
down €1,538 (-78.3%), from €1,965 to €427
- Other operating charges +€1,363
up €1,363 (+405%), from €336 to €1,699
- Financial income -€853
down €853 (-72.8%), from €1,171 to €318
- Depreciation +€631
up €631 (+54.9%), from €1,149 to €1,780
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 | €79,649 | €81,428 | +€1,779 | +2.2% |
| Fixed assets | 21/28 | €1,243 | €4,489 | +€3,246 | +261% |
| Tangible fixed assets | 22/27 | €1,143 | €4,389 | +€3,246 | +284% |
| Plant, machinery and equipment | 23 | €673 | €396 | -€277 | -41.1% |
| Furniture and vehicles | 24 | €470 | €3,993 | +€3,523 | +749% |
| Financial fixed assets | 28 | €100 | €100 | = | 0.0% |
| Current assets | 29/58 | €78,406 | €76,939 | -€1,467 | -1.9% |
| Amounts receivable within one year | 40/41 | €76,361 | €68,966 | -€7,395 | -9.7% |
| Trade receivables | 40 | €63,561 | €62,297 | -€1,264 | -2.0% |
| Other amounts receivable | 41 | €12,800 | €6,669 | -€6,131 | -47.9% |
| Cash at bank and in hand | 54/58 | €1,995 | €7,629 | +€5,633 | +282% |
| Deferred charges and accrued income | 490/1 | €50 | €344 | +€295 | +594% |
| Total equity and liabilities | 10/49 | €79,649 | €81,428 | +€1,779 | +2.2% |
| Equity | 10/15 | €74,856 | €74,701 | -€155 | -0.2% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Contributions outside capital | 11 | - | €1,000 | +€1,000 | |
| Other | 1109/19 | - | €1,000 | +€1,000 | |
| Reserves | 13 | €100 | €100 | = | 0.0% |
| Non-distributable reserves | 130/1 | €100 | €100 | = | 0.0% |
| Reserves not available under the articles | 1311 | €100 | €100 | = | 0.0% |
| Profit (loss) carried forward | 14 | €73,756 | €73,601 | -€155 | -0.2% |
| Amounts payable | 17/49 | €4,793 | €6,727 | +€1,933 | +40.3% |
| Amounts payable within one year | 42/48 | €4,793 | €6,727 | +€1,933 | +40.3% |
| Trade debts | 44 | €1,106 | €6,498 | +€5,391 | +487% |
| Suppliers | 440/4 | €1,106 | €6,498 | +€5,391 | +487% |
| Taxes, remuneration and social security | 45 | €3,687 | €229 | -€3,458 | -93.8% |
| Taxes | 450/3 | €3,687 | €229 | -€3,458 | -93.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,149 | €1,780 | +€631 | +54.9% |
| Other operating charges | 640/8 | €336 | €1,699 | +€1,363 | +405% |
| Gross operating margin | 9900 | €9,000 | €4,779 | -€4,222 | -46.9% |
| Operating profit (loss) | 9901 | €7,515 | €1,300 | -€6,215 | -82.7% |
| Financial income | 75/76B | €1,171 | €318 | -€853 | -72.8% |
| Recurring financial income | 75 | €1,171 | €318 | -€853 | -72.8% |
| Financial charges | 65/66B | €1,561 | €1,346 | -€216 | -13.8% |
| Recurring financial charges | 65 | €1,561 | €1,346 | -€216 | -13.8% |
| Profit (loss) for the period before taxes | 9903 | €7,125 | €272 | -€6,853 | -96.2% |
| Income taxes | 67/77 | €1,965 | €427 | -€1,538 | -78.3% |
| Profit (loss) for the period | 9904 | €5,160 | -€155 | -€5,315 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,160 | -€155 | -€5,315 |
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 19 October 2026 via checked.be.