ELEGANT: what changed
What changed
ELEGANT
NACE 35.150, Electricity, gas, steam and air conditioning supply
filed annual accounts (NBB)
Net result for the year
€6.6m
2024 · €8.5m-€1.9m
Equity
€5.6m
2024 · €19.1m-€13.4m
Cash
€56.6m
2024 · €56.5m+€125,594
Balance sheet total
€64.5m
2024 · €63.2m+€1.3m
Largest movements
Assets
- Receivables within one year +€1.2m
up €1.2m (+23.7%), from €5.3m to €6.5m
of which Trade receivables: +€946,317
Equity and liabilities
- Other debts +€20.0m
up €20.0m (+101,734%), from €19,659 to €20.0m
- Profit (loss) carried forward -€13.4m
down €13.4m (-78.8%), from €17.0m to €3.6m
- Trade debts -€10.4m
down €10.4m (-27.3%), from €38.0m to €27.6m
of which Suppliers: -€10.3m
- Tax, wage and social debts +€6.0m
up €6.0m (+181%), from €3.3m to €9.3m
of which Taxes: +€5.8m
- Provisions -€1.0m
down €1.0m (-35.7%), from €2.8m to €1.8m
Income statement
- Goods and materials +€22.1m
up €22.1m (+15.7%), from €140.9m to €163.0m
of which Purchases: +€22.1m
- Turnover +€15.3m
up €15.3m (+9.4%), from €162.7m to €178.0m
- Provisions -€3.8m
down €3.8m, from €2.8m to -€1.0m
- Services and other goods -€1.9m
down €1.9m (-26.7%), from €7.3m to €5.3m
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€8.5m
Turnover
+€15.3m
Other operating income
-€465,921
Goods and materials
-€22.1m
Services and other goods
+€1.9m
Staff costs
-€564,918
Depreciation
-€90,331
Write-downs
+€313,613
Provisions
+€3.8m
Other operating charges
-€61,043
Financial income
-€724,839
Financial charges
+€65,816
Taxes
+€666,774
Result 2025
€6.6m
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€20.5m
Investment
-€364,175
Financing
-€20.0m
Cash 2024
€56.5m
From operations (derived)
+€20.5m
Net result for the year
+€6.6m
Depreciation
+€363,545
Receivables within one year
-€1.2m
Deferred charges and accrued income
+€28,988
Provisions
-€1.0m
Trade debts
-€10.4m
Tax, wage and social debts
+€6.0m
Other debts
+€20.0m
Accrued charges and deferred income
+€188,479
Investment (derived)
-€364,175
Investment in fixed assets (net)
-€364,175
Financing
-€20.0m
Contributions, distributions and other
-€20.0m
Cash 2025
€56.6m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €63,198,547 | €64,545,697 | +€1.3m | +2.1% |
| Fixed assets | 21/28 | €1,366,223 | €1,366,854 | +€630 | 0.0% |
| Intangible fixed assets | 21 | €821,397 | €798,208 | -€23,189 | -2.8% |
| Tangible fixed assets | 22/27 | €17,150 | €40,969 | +€23,819 | +139% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €15,521 | €38,721 | +€23,199 | +149% |
| Other tangible fixed assets | 26 | €1,628 | €2,248 | +€620 | +38.1% |
| Financial fixed assets | 28 | €527,677 | €527,677 | = | 0.0% |
| Other financial fixed assets | 284/8 | €527,677 | €527,677 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €527,677 | €527,677 | = | 0.0% |
| Current assets | 29/58 | €61,832,324 | €63,178,843 | +€1.3m | +2.2% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €5,278,536 | €6,528,449 | +€1.2m | +23.7% |
| Trade receivables | 40 | €4,640,364 | €5,586,681 | +€946,317 | +20.4% |
| Other amounts receivable | 41 | €638,171 | €941,768 | +€303,597 | +47.6% |
| Cash at bank and in hand | 54/58 | €56,476,543 | €56,602,137 | +€125,594 | +0.2% |
| Deferred charges and accrued income | 490/1 | €77,245 | €48,257 | -€28,988 | -37.5% |
| Total equity and liabilities | 10/49 | €63,198,547 | €64,545,697 | +€1.3m | +2.1% |
| Equity | 10/15 | €19,066,043 | €5,638,925 | -€13.4m | -70.4% |
| Contributions | 10/11 | €2,018,600 | €2,018,600 | = | 0.0% |
| Reserves | 13 | €2,750 | €2,750 | = | 0.0% |
| Distributable reserves | 133 | €2,750 | €2,750 | = | 0.0% |
| Profit (loss) carried forward | 14 | €17,044,693 | €3,617,575 | -€13.4m | -78.8% |
| Provisions and deferred taxes | 16 | €2,803,419 | €1,803,103 | -€1.0m | -35.7% |
| Provisions for liabilities and charges | 160/5 | €2,803,419 | €1,803,103 | -€1.0m | -35.7% |
| Other liabilities and charges | 164/5 | €2,803,419 | €1,803,103 | -€1.0m | -35.7% |
| Amounts payable | 17/49 | €41,329,085 | €57,103,669 | +€15.8m | +38.2% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Other loans | 174 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €41,323,414 | €56,909,518 | +€15.6m | +37.7% |
| Trade debts | 44 | €37,997,897 | €27,610,950 | -€10.4m | -27.3% |
| Suppliers | 440/4 | €37,935,301 | €27,610,950 | -€10.3m | -27.2% |
| Bills of exchange payable | 441 | €62,597 | €0 | -€62,597 | -100% |
| Taxes, remuneration and social security | 45 | €3,305,857 | €9,278,910 | +€6.0m | +181% |
| Taxes | 450/3 | €3,025,651 | €8,838,911 | +€5.8m | +192% |
| Remuneration and social security | 454/9 | €280,206 | €439,999 | +€159,793 | +57.0% |
| Other amounts payable | 47/48 | €19,659 | €20,019,659 | +€20.0m | +101,734% |
| Accrued charges and deferred income | 492/3 | €5,671 | €194,150 | +€188,479 | +3,323% |
| Operating income | 70/76A | €163,530,125 | €178,371,953 | +€14.8m | +9.1% |
| Turnover | 70 | €162,674,652 | €177,982,401 | +€15.3m | +9.4% |
| Other operating income | 74 | €855,473 | €389,551 | -€465,921 | -54.5% |
| Operating charges | 60/66A | €153,478,696 | €170,260,368 | +€16.8m | +10.9% |
| Goods for resale, raw materials and consumables | 60 | €140,882,237 | €163,008,139 | +€22.1m | +15.7% |
| Purchases | 600/8 | €140,882,237 | €163,008,139 | +€22.1m | +15.7% |
| Change in stocks: decrease (increase) | 609 | €0 | - | = | |
| Services and other goods | 61 | €7,264,705 | €5,321,532 | -€1.9m | -26.7% |
| Remuneration, social security and pensions | 62 | €1,974,056 | €2,538,975 | +€564,918 | +28.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €273,213 | €363,545 | +€90,331 | +33.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €260,361 | -€53,252 | -€313,613 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €2,803,419 | -€1,000,316 | -€3.8m | |
| Other operating charges | 640/8 | €20,704 | €81,746 | +€61,043 | +295% |
| Operating profit (loss) | 9901 | €10,051,429 | €8,111,585 | -€1.9m | -19.3% |
| Financial income | 75/76B | €1,464,609 | €739,770 | -€724,839 | -49.5% |
| Recurring financial income | 75 | €1,464,609 | €739,770 | -€724,839 | -49.5% |
| Income from financial fixed assets | 750 | €6,222 | €0 | -€6,222 | -100% |
| Income from current assets | 751 | €1,457,986 | €739,186 | -€718,800 | -49.3% |
| Other financial income | 752/9 | €402 | €584 | +€182 | +45.4% |
| Financial charges | 65/66B | €119,469 | €53,653 | -€65,816 | -55.1% |
| Recurring financial charges | 65 | €119,469 | €53,653 | -€65,816 | -55.1% |
| Debt charges | 650 | €78,082 | €0 | -€78,082 | -100% |
| Other financial charges | 652/9 | €41,387 | €53,653 | +€12,266 | +29.6% |
| Profit (loss) for the period before taxes | 9903 | €11,396,569 | €8,797,702 | -€2.6m | -22.8% |
| Income taxes | 67/77 | €2,891,594 | €2,224,819 | -€666,774 | -23.1% |
| Taxes | 670/3 | €2,893,183 | €2,224,819 | -€668,364 | -23.1% |
| Tax adjustments and reversals of tax provisions | 77 | €1,589 | €0 | -€1,589 | -100% |
| Profit (loss) for the period | 9904 | €8,504,976 | €6,572,883 | -€1.9m | -22.7% |
| Profit (loss) for the period to be appropriated | 9905 | €8,504,976 | €6,572,883 | -€1.9m | -22.7% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.