ELEDRICITY: 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.
ELEDRICITY
Largest movements
- Intangible fixed assets +€1.6m
up €1.6m (+123%), from €1.3m to €2.9m
- Cash +€854,524
up €854,524 (+5,001%), from €17,088 to €871,612
mainly Contributions, distributions and other (+€4.4m) and Depreciation (+€320,440)
- Receivables within one year +€834,275
up €834,275 (+1,025%), from €81,396 to €915,671
of which Other amounts receivable: +€842,508
- Stocks and contracts +€218,258
up €218,258 (+172%), from €126,720 to €344,978
- Contributions +€4.4m
up €4.4m (+233%), from €1.9m to €6.2m
- Profit (loss) carried forward -€612,832
down €612,832 (-60.5%), from -€1.0m to -€1.6m
- Debts after one year -€188,847
down €188,847 (-64.8%), from €291,534 to €102,687
- Gross operating margin +€274,409
up €274,409 (+8,353%), from €3,285 to €277,694
- Staff costs +€264,710
up €264,710 (+104%), from €255,444 to €520,153
- Depreciation +€197,555
up €197,555 (+161%), from €122,885 to €320,440
- Financial charges +€20,388
up €20,388 (+73.1%), from €27,883 to €48,271
- Financial income +€3,641
new in 2025: €3,641
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 | €1,554,546 | €5,088,239 | +€3.5m | +227% |
| Fixed assets | 21/28 | €1,329,341 | €2,955,977 | +€1.6m | +122% |
| Intangible fixed assets | 21 | €1,312,833 | €2,927,801 | +€1.6m | +123% |
| Tangible fixed assets | 22/27 | €14,708 | €26,376 | +€11,668 | +79.3% |
| Plant, machinery and equipment | 23 | €14,708 | €26,376 | +€11,668 | +79.3% |
| Financial fixed assets | 28 | €1,800 | €1,800 | = | 0.0% |
| Current assets | 29/58 | €225,205 | €2,132,262 | +€1.9m | +847% |
| Stocks and contracts in progress | 3 | €126,720 | €344,978 | +€218,258 | +172% |
| Stocks | 30/36 | €126,720 | €344,978 | +€218,258 | +172% |
| Amounts receivable within one year | 40/41 | €81,396 | €915,671 | +€834,275 | +1,025% |
| Trade receivables | 40 | €8,842 | €610 | -€8,233 | -93.1% |
| Other amounts receivable | 41 | €72,554 | €915,062 | +€842,508 | +1,161% |
| Cash at bank and in hand | 54/58 | €17,088 | €871,612 | +€854,524 | +5,001% |
| Total equity and liabilities | 10/49 | €1,554,546 | €5,088,239 | +€3.5m | +227% |
| Equity | 10/15 | €871,249 | €4,616,408 | +€3.7m | +430% |
| Contributions | 10/11 | €1,871,600 | €6,229,592 | +€4.4m | +233% |
| Reserves | 13 | €12,504 | €12,504 | = | 0.0% |
| Distributable reserves | 133 | €12,504 | €12,504 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,012,855 | -€1,625,687 | -€612,832 | -60.5% |
| Amounts payable | 17/49 | €683,297 | €471,830 | -€211,466 | -30.9% |
| Amounts payable after more than one year | 17 | €291,534 | €102,687 | -€188,847 | -64.8% |
| Financial debts | 170/4 | €291,534 | €102,687 | -€188,847 | -64.8% |
| Amounts payable within one year | 42/48 | €391,763 | €369,143 | -€22,619 | -5.8% |
| Current portion of amounts payable after more than one year | 42 | €9,000 | €9,000 | = | 0.0% |
| Trade debts | 44 | €317,220 | €299,206 | -€18,014 | -5.7% |
| Suppliers | 440/4 | €317,220 | €299,206 | -€18,014 | -5.7% |
| Taxes, remuneration and social security | 45 | €52,062 | €58,973 | +€6,911 | +13.3% |
| Taxes | 450/3 | €672 | €2,974 | +€2,302 | +342% |
| Remuneration and social security | 454/9 | €51,389 | €55,999 | +€4,610 | +9.0% |
| Other amounts payable | 47/48 | €13,481 | €1,965 | -€11,516 | -85.4% |
| Remuneration, social security and pensions | 62 | €255,444 | €520,153 | +€264,710 | +104% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €122,885 | €320,440 | +€197,555 | +161% |
| Other operating charges | 640/8 | €2,854 | €4,094 | +€1,241 | +43.5% |
| Non-recurring operating charges | 66A | €363 | €565 | +€202 | +55.7% |
| Gross operating margin | 9900 | €3,285 | €277,694 | +€274,409 | +8,353% |
| Operating profit (loss) | 9901 | -€378,260 | -€567,559 | -€189,299 | -50.0% |
| Financial income | 75/76B | - | €3,641 | +€3,641 | |
| Recurring financial income | 75 | - | €3,641 | +€3,641 | |
| Financial charges | 65/66B | €27,883 | €48,271 | +€20,388 | +73.1% |
| Recurring financial charges | 65 | €27,883 | €48,271 | +€20,388 | +73.1% |
| Profit (loss) for the period before taxes | 9903 | -€406,143 | -€612,188 | -€206,045 | -50.7% |
| Income taxes | 67/77 | €510 | €645 | +€134 | +26.3% |
| Profit (loss) for the period | 9904 | -€406,653 | -€612,832 | -€206,179 | -50.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€406,653 | -€612,832 | -€206,179 | -50.7% |
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 24 October 2026 via checked.be.