ELECTRUM LT: 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
ELECTRUM LT
NACE 46.190, Agents in non-specialised wholesale trade
fiscal year 2023 against 2024filed annual accounts (NBB)
Net result for the year
€1.2m
2023 · €1.3m-€100,567
Equity
€4.4m
2023 · €6.5m-€2.1m
Cash
€3.0m
2023 · €34,877+€3.0m
Balance sheet total
€12.5m
2023 · €8.3m+€4.2m
Largest movements
Assets
- Stocks and contracts -€3.0m
down €3.0m (-38.8%), from €7.8m to €4.7m
- Cash +€3.0m
up €3.0m (+8618.9%), from €34,877 to €3.0m
mainly Other debts (+€3.1m) and Stocks and contracts (+€3.0m)
- Receivables after one year +€2.2m
new in 2024: €2.2m
- Receivables within one year +€2.0m
up €2.0m, from €0 to €2.0m
of which Trade receivables: +€2.0m
Equity and liabilities
- Profit (loss) carried forward -€3.2m
no longer reported in 2024 (was €3.2m)
- Other debts +€3.1m
up €3.1m (+1426.8%), from €216,344 to €3.3m
- Trade debts +€2.3m
up €2.3m (+1018.1%), from €227,748 to €2.5m
- Advances received +€1.2m
up €1.2m (+108.1%), from €1.1m to €2.2m
- Reserves +€1.1m
up €1.1m (+32.2%), from €3.3m to €4.4m
of which Distributable reserves: +€1.1m
Income statement
- Turnover -€7.7m
down €7.7m (-16.4%), from €46.7m to €39.1m
- Goods and materials -€7.5m
down €7.5m (-16.9%), from €44.5m to €37.0m
of which Purchases: -€9.3m
From the 2023 result to the 2024 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 2023
€1.3m
Turnover
-€7.7m
Other operating income
-€5,589
Goods and materials
+€7.5m
Services and other goods
-€125,579
Staff costs
-€35,001
Depreciation
+€2,619
Write-downs
+€25,026
Other operating charges
-€208
Other operating items
-€31,219
Financial income
+€162,361
Financial charges
-€591
Taxes
+€48,539
Result 2024
€1.2m
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€6.4m
Investment
€0
Financing
-€3.4m
Cash 2023
€34,877
From operations (derived)
+€6.4m
Net result for the year
+€1.2m
Depreciation
+€2,295
Receivables after one year
-€2.2m
Stocks and contracts
+€3.0m
Receivables within one year
-€2.0m
Deferred charges and accrued income
+€93,491
Trade debts
+€2.3m
Tax, wage and social debts
-€132,903
Advances received
+€1.2m
Other debts
+€3.1m
Accrued charges and deferred income
-€31,847
Financing
-€3.4m
Debts after one year
-€100,000
Contributions, distributions and other
-€3.3m
Cash 2024
€3.0m
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €8,316,687 | €12,483,293 | +€4.2m | +50.1% |
| Fixed assets | 21/28 | €9,070 | €6,775 | -€2,295 | -25.3% |
| Tangible fixed assets | 22/27 | €8,895 | €6,600 | -€2,295 | -25.8% |
| Furniture and vehicles | 24 | €1,338 | €422 | -€917 | -68.5% |
| Other tangible fixed assets | 26 | €7,557 | €6,178 | -€1,378 | -18.2% |
| Financial fixed assets | 28 | €175 | €175 | = | 0.0% |
| Other financial fixed assets | 284/8 | €175 | €175 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €175 | €175 | = | 0.0% |
| Current assets | 29/58 | €8,307,617 | €12,476,518 | +€4.2m | +50.2% |
| Amounts receivable after more than one year | 29 | - | €2,238,944 | +€2.2m | |
| Other amounts receivable | 291 | - | €2,238,944 | +€2.2m | |
| Stocks and contracts in progress | 3 | €7,752,697 | €4,742,618 | -€3.0m | -38.8% |
| Stocks | 30/36 | €7,752,697 | €4,742,618 | -€3.0m | -38.8% |
| Goods purchased for resale | 34 | €7,752,697 | €4,742,618 | -€3.0m | -38.8% |
| Amounts receivable within one year | 40/41 | €0 | €2,027,540 | +€2.0m | |
| Trade receivables | 40 | €0 | €2,007,210 | +€2.0m | |
| Other amounts receivable | 41 | €0 | €20,330 | +€20,330 | |
| Cash at bank and in hand | 54/58 | €34,877 | €3,040,865 | +€3.0m | +8618.9% |
| Deferred charges and accrued income | 490/1 | €520,043 | €426,552 | -€93,491 | -18.0% |
| Total equity and liabilities | 10/49 | €8,316,687 | €12,483,293 | +€4.2m | +50.1% |
| Equity | 10/15 | €6,506,152 | €4,372,042 | -€2.1m | -32.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €3,292,411 | €4,353,442 | +€1.1m | +32.2% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €3,292,411 | €4,353,442 | +€1.1m | +32.2% |
| Profit (loss) carried forward | 14 | €3,195,141 | - | -€3.2m | |
| Amounts payable | 17/49 | €1,810,535 | €8,111,251 | +€6.3m | +348.0% |
| Amounts payable after more than one year | 17 | €100,000 | - | -€100,000 | |
| Other amounts payable | 178/9 | €100,000 | - | -€100,000 | |
| Amounts payable within one year | 42/48 | €1,678,688 | €8,111,251 | +€6.4m | +383.2% |
| Trade debts | 44 | €227,748 | €2,546,458 | +€2.3m | +1018.1% |
| Suppliers | 440/4 | €227,748 | €2,546,458 | +€2.3m | +1018.1% |
| Advances received on contracts in progress | 46 | €1,073,548 | €2,233,598 | +€1.2m | +108.1% |
| Taxes, remuneration and social security | 45 | €161,048 | €28,145 | -€132,903 | -82.5% |
| Taxes | 450/3 | €146,203 | €3,978 | -€142,224 | -97.3% |
| Remuneration and social security | 454/9 | €14,845 | €24,167 | +€9,322 | +62.8% |
| Other amounts payable | 47/48 | €216,344 | €3,303,050 | +€3.1m | +1426.8% |
| Accrued charges and deferred income | 492/3 | €31,847 | - | -€31,847 | |
| Operating income | 70/76A | €46,822,563 | €39,107,601 | -€7.7m | -16.5% |
| Turnover | 70 | €46,744,183 | €39,078,226 | -€7.7m | -16.4% |
| Other operating income | 74 | €34,965 | €29,375 | -€5,589 | -16.0% |
| Non-recurring operating income | 76A | €43,415 | - | -€43,415 | |
| Operating charges | 60/66A | €45,086,828 | €37,682,742 | -€7.4m | -16.4% |
| Goods for resale, raw materials and consumables | 60 | €44,526,342 | €37,001,308 | -€7.5m | -16.9% |
| Purchases | 600/8 | €43,253,022 | €33,991,229 | -€9.3m | -21.4% |
| Change in stocks: decrease (increase) | 609 | €1,273,319 | €3,010,079 | +€1.7m | +136.4% |
| Services and other goods | 61 | €423,550 | €549,129 | +€125,579 | +29.6% |
| Remuneration, social security and pensions | 62 | €93,056 | €128,056 | +€35,001 | +37.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,914 | €2,295 | -€2,619 | -53.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €25,026 | - | -€25,026 | |
| Other operating charges | 640/8 | €1,745 | €1,954 | +€208 | +11.9% |
| Non-recurring operating charges | 66A | €12,196 | - | -€12,196 | |
| Operating profit (loss) | 9901 | €1,735,735 | €1,424,859 | -€310,877 | -17.9% |
| Financial income | 75/76B | €51,258 | €213,619 | +€162,361 | +316.8% |
| Recurring financial income | 75 | €51,258 | €213,619 | +€162,361 | +316.8% |
| Income from current assets | 751 | - | €68,899 | +€68,899 | |
| Other financial income | 752/9 | €51,258 | €144,720 | +€93,463 | +182.3% |
| Financial charges | 65/66B | €86,003 | €86,593 | +€591 | +0.7% |
| Recurring financial charges | 65 | €86,003 | €86,593 | +€591 | +0.7% |
| Debt charges | 650 | €19,006 | €18,647 | -€358 | -1.9% |
| Other financial charges | 652/9 | €66,997 | €67,946 | +€949 | +1.4% |
| Profit (loss) for the period before taxes | 9903 | €1,700,990 | €1,551,884 | -€149,106 | -8.8% |
| Income taxes | 67/77 | €434,533 | €385,994 | -€48,539 | -11.2% |
| Taxes | 670/3 | €435,000 | €385,994 | -€49,006 | -11.3% |
| Tax adjustments and reversals of tax provisions | 77 | €467 | - | -€467 | |
| Profit (loss) for the period | 9904 | €1,266,457 | €1,165,890 | -€100,567 | -7.9% |
| Profit (loss) for the period to be appropriated | 9905 | €1,266,457 | €1,165,890 | -€100,567 | -7.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.