Electrum: 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.
Electrum
Largest movements
- Current investments +€294,284
up €294,284 (+17.5%), from €1.7m to €2.0m
- Receivables after one year -€129,011
down €129,011 (-16.4%), from €786,865 to €657,854
- Tangible fixed assets +€122,095
up €122,095 (+19.8%), from €615,553 to €737,648
of which Plant, machinery and equipment: +€122,095
- Cash +€54,893
up €54,893 (+10.1%), from €546,140 to €601,033
mainly Net result for the year (+€265,746) and Receivables after one year (+€129,011)
- Profit (loss) carried forward +€265,746
up €265,746 (+19.0%), from €1.4m to €1.7m
- Accrued charges and deferred income +€60,884
up €60,884 (+38.4%), from €158,599 to €219,483
- Gross operating margin -€33,614
down €33,614 (-10.6%), from €317,539 to €283,925
- Financial income +€17,358
up €17,358 (+13.4%), from €129,456 to €146,814
- Depreciation +€12,536
up €12,536 (+17.9%), from €69,859 to €82,395
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,656,612 | €3,983,242 | +€326,630 | +8.9% |
| Fixed assets | 21/28 | €615,553 | €737,648 | +€122,095 | +19.8% |
| Tangible fixed assets | 22/27 | €615,553 | €737,648 | +€122,095 | +19.8% |
| Land and buildings | 22 | €73,975 | €73,975 | = | 0.0% |
| Plant, machinery and equipment | 23 | €541,577 | €663,673 | +€122,095 | +22.5% |
| Current assets | 29/58 | €3,041,059 | €3,245,594 | +€204,535 | +6.7% |
| Amounts receivable after more than one year | 29 | €786,865 | €657,854 | -€129,011 | -16.4% |
| Other amounts receivable | 291 | €786,865 | €657,854 | -€129,011 | -16.4% |
| Amounts receivable within one year | 40/41 | €29,660 | €14,029 | -€15,631 | -52.7% |
| Other amounts receivable | 41 | €29,660 | €14,029 | -€15,631 | -52.7% |
| Current investments | 50/53 | €1,678,394 | €1,972,678 | +€294,284 | +17.5% |
| Cash at bank and in hand | 54/58 | €546,140 | €601,033 | +€54,893 | +10.1% |
| Total equity and liabilities | 10/49 | €3,656,612 | €3,983,242 | +€326,630 | +8.9% |
| Equity | 10/15 | €3,468,013 | €3,733,759 | +€265,746 | +7.7% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €2,008,060 | €2,008,060 | = | 0.0% |
| Non-distributable reserves | 130/1 | €8,060 | €8,060 | = | 0.0% |
| Legal reserve | 130 | €8,060 | €8,060 | = | 0.0% |
| Distributable reserves | 133 | €2,000,000 | €2,000,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,397,980 | €1,663,726 | +€265,746 | +19.0% |
| Provisions and deferred taxes | 16 | €30,000 | €30,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €30,000 | €30,000 | = | 0.0% |
| Other liabilities and charges | 164/5 | €30,000 | €30,000 | = | 0.0% |
| Amounts payable | 17/49 | €158,599 | €219,483 | +€60,884 | +38.4% |
| Accrued charges and deferred income | 492/3 | €158,599 | €219,483 | +€60,884 | +38.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €69,859 | €82,395 | +€12,536 | +17.9% |
| Other operating charges | 640/8 | €1,555 | €601 | -€954 | -61.3% |
| Gross operating margin | 9900 | €317,539 | €283,925 | -€33,614 | -10.6% |
| Operating profit (loss) | 9901 | €246,125 | €200,929 | -€45,196 | -18.4% |
| Financial income | 75/76B | €129,456 | €146,814 | +€17,358 | +13.4% |
| Recurring financial income | 75 | €129,456 | €146,814 | +€17,358 | +13.4% |
| Financial charges | 65/66B | €2,859 | €4,020 | +€1,161 | +40.6% |
| Recurring financial charges | 65 | €2,859 | €4,020 | +€1,161 | +40.6% |
| Profit (loss) for the period before taxes | 9903 | €372,722 | €343,723 | -€28,999 | -7.8% |
| Transfer from deferred taxes | 780 | €1,423 | - | -€1,423 | |
| Income taxes | 67/77 | €75,795 | €77,977 | +€2,182 | +2.9% |
| Profit (loss) for the period | 9904 | €298,350 | €265,746 | -€32,604 | -10.9% |
| Transfer from tax-exempt reserves | 789 | €2,764 | - | -€2,764 | |
| Profit (loss) for the period to be appropriated | 9905 | €301,114 | €265,746 | -€35,368 | -11.7% |
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 4 October 2026 via checked.be.