Electus Corporation: 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.
Electus Corporation
Largest movements
- Tangible fixed assets -€24,427
down €24,427 (-5.4%), from €451,396 to €426,969
of which Furniture and vehicles: -€16,040
- Cash +€13,223
up €13,223 (+134,518%), from €10 to €13,233
mainly Depreciation (+€25,966) and Receivables within one year (+€10,337)
- Receivables within one year -€10,337
down €10,337 (-26.4%), from €39,100 to €28,763
of which Trade receivables: -€10,427
- Debts after one year -€25,066
down €25,066 (-6.7%), from €371,355 to €346,290
- Short-term financial debts -€13,029
down €13,029 (-99.9%), from €13,047 to €18
- Profit (loss) carried forward +€9,910
up €9,910 (+14.1%), from -€70,191 to -€60,281
- Depreciation -€52,914
down €52,914 (-67.1%), from €78,879 to €25,966
- Gross operating margin +€19,456
up €19,456 (+16.7%), from €116,789 to €136,245
- Staff costs +€15,006
up €15,006 (+23.2%), from €64,667 to €79,673
- Other operating charges -€2,920
down €2,920 (-47.8%), from €6,104 to €3,185
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 | €494,908 | €473,877 | -€21,031 | -4.2% |
| Fixed assets | 21/28 | €451,396 | €426,969 | -€24,427 | -5.4% |
| Tangible fixed assets | 22/27 | €451,396 | €426,969 | -€24,427 | -5.4% |
| Land and buildings | 22 | €412,453 | €404,186 | -€8,267 | -2.0% |
| Plant, machinery and equipment | 23 | €193 | €73 | -€120 | -62.1% |
| Furniture and vehicles | 24 | €38,750 | €22,710 | -€16,040 | -41.4% |
| Current assets | 29/58 | €43,512 | €46,908 | +€3,395 | +7.8% |
| Amounts receivable within one year | 40/41 | €39,100 | €28,763 | -€10,337 | -26.4% |
| Trade receivables | 40 | €39,043 | €28,616 | -€10,427 | -26.7% |
| Other amounts receivable | 41 | €57 | €147 | +€90 | +157% |
| Cash at bank and in hand | 54/58 | €10 | €13,233 | +€13,223 | +134,518% |
| Deferred charges and accrued income | 490/1 | €4,402 | €4,912 | +€510 | +11.6% |
| Total equity and liabilities | 10/49 | €494,908 | €473,877 | -€21,031 | -4.2% |
| Equity | 10/15 | -€19,631 | -€9,721 | +€9,910 | +50.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €45,560 | €45,560 | = | 0.0% |
| Distributable reserves | 133 | €45,560 | €45,560 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€70,191 | -€60,281 | +€9,910 | +14.1% |
| Amounts payable | 17/49 | €514,539 | €483,598 | -€30,941 | -6.0% |
| Amounts payable after more than one year | 17 | €371,355 | €346,290 | -€25,066 | -6.7% |
| Financial debts | 170/4 | €371,355 | €346,290 | -€25,066 | -6.7% |
| Amounts payable within one year | 42/48 | €143,065 | €137,194 | -€5,870 | -4.1% |
| Current portion of amounts payable after more than one year | 42 | €24,134 | €25,066 | +€932 | +3.9% |
| Financial debts | 43 | €13,047 | €18 | -€13,029 | -99.9% |
| Credit institutions | 430/8 | €13,047 | €18 | -€13,029 | -99.9% |
| Trade debts | 44 | €10,296 | €11,045 | +€750 | +7.3% |
| Suppliers | 440/4 | €10,296 | €11,045 | +€750 | +7.3% |
| Taxes, remuneration and social security | 45 | €27,368 | €30,264 | +€2,895 | +10.6% |
| Taxes | 450/3 | €15,356 | €17,073 | +€1,717 | +11.2% |
| Remuneration and social security | 454/9 | €12,012 | €13,190 | +€1,178 | +9.8% |
| Other amounts payable | 47/48 | €68,220 | €70,802 | +€2,582 | +3.8% |
| Accrued charges and deferred income | 492/3 | €119 | €114 | -€5 | -4.2% |
| Remuneration, social security and pensions | 62 | €64,667 | €79,673 | +€15,006 | +23.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €78,879 | €25,966 | -€52,914 | -67.1% |
| Other operating charges | 640/8 | €6,104 | €3,185 | -€2,920 | -47.8% |
| Gross operating margin | 9900 | €116,789 | €136,245 | +€19,456 | +16.7% |
| Operating profit (loss) | 9901 | -€32,861 | €27,421 | +€60,283 | |
| Financial income | 75/76B | €90 | €20 | -€70 | -77.5% |
| Recurring financial income | 75 | €90 | €20 | -€70 | -77.5% |
| Financial charges | 65/66B | €18,498 | €17,214 | -€1,284 | -6.9% |
| Recurring financial charges | 65 | €18,498 | €17,214 | -€1,284 | -6.9% |
| Profit (loss) for the period before taxes | 9903 | -€51,269 | €10,228 | +€61,497 | |
| Income taxes | 67/77 | €256 | €318 | +€62 | +24.3% |
| Profit (loss) for the period | 9904 | -€51,525 | €9,910 | +€61,435 | |
| Profit (loss) for the period to be appropriated | 9905 | -€51,525 | €9,910 | +€61,435 |
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 28 October 2026 via checked.be.