ELEKTRA: 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.
ELEKTRA
Largest movements
- Tangible fixed assets -€296,634
down €296,634 (-78.7%), from €377,150 to €80,517
of which Land and buildings: -€347,244
- Receivables after one year +€250,000
new in 2025: €250,000
- Stocks and contracts -€74,589
down €74,589 (-23.4%), from €318,578 to €243,989
- Cash +€14,132
up €14,132 (+2.6%), from €550,487 to €564,619
mainly Investment in fixed assets (net) (+€286,353) and Stocks and contracts (+€74,589)
- Reserves -€84,012
down €84,012 (-6.6%), from €1.3m to €1.2m
of which Distributable reserves: -€84,012
- Other operating charges +€117,837
up €117,837 (+2128.9%), from €5,535 to €123,372
- Taxes -€44,782
down €44,782 (-98.8%), from €45,346 to €564
- Gross operating margin -€41,608
down €41,608 (-25.2%), from €164,862 to €123,253
- Financial income +€5,127
up €5,127 (+40.2%), from €12,768 to €17,895
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 | €1,335,572 | €1,241,190 | -€94,383 | -7.1% |
| Fixed assets | 21/28 | €379,347 | €80,517 | -€298,831 | -78.8% |
| Tangible fixed assets | 22/27 | €377,150 | €80,517 | -€296,634 | -78.7% |
| Land and buildings | 22 | €347,244 | €0 | -€347,244 | -100.0% |
| Plant, machinery and equipment | 23 | €3,663 | €4,142 | +€479 | +13.1% |
| Furniture and vehicles | 24 | €13,858 | €24,211 | +€10,354 | +74.7% |
| Other tangible fixed assets | 26 | €12,386 | €52,163 | +€39,778 | +321.2% |
| Financial fixed assets | 28 | €2,197 | €0 | -€2,197 | -100.0% |
| Current assets | 29/58 | €956,225 | €1,160,673 | +€204,448 | +21.4% |
| Amounts receivable after more than one year | 29 | - | €250,000 | +€250,000 | |
| Other amounts receivable | 291 | - | €250,000 | +€250,000 | |
| Stocks and contracts in progress | 3 | €318,578 | €243,989 | -€74,589 | -23.4% |
| Stocks | 30/36 | €318,578 | €243,989 | -€74,589 | -23.4% |
| Amounts receivable within one year | 40/41 | €79,674 | €86,572 | +€6,898 | +8.7% |
| Trade receivables | 40 | €63,834 | €65,004 | +€1,170 | +1.8% |
| Other amounts receivable | 41 | €15,841 | €21,568 | +€5,728 | +36.2% |
| Cash at bank and in hand | 54/58 | €550,487 | €564,619 | +€14,132 | +2.6% |
| Deferred charges and accrued income | 490/1 | €7,485 | €15,493 | +€8,008 | +107.0% |
| Total equity and liabilities | 10/49 | €1,335,572 | €1,241,190 | -€94,383 | -7.1% |
| Equity | 10/15 | €1,290,463 | €1,206,450 | -€84,012 | -6.5% |
| Contributions | 10/11 | €24,800 | €24,800 | = | 0.0% |
| Reserves | 13 | €1,265,663 | €1,181,650 | -€84,012 | -6.6% |
| Tax-exempt reserves | 132 | €929 | €929 | = | 0.0% |
| Distributable reserves | 133 | €1,264,734 | €1,180,721 | -€84,012 | -6.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €45,110 | €34,739 | -€10,370 | -23.0% |
| Amounts payable within one year | 42/48 | €45,110 | €34,739 | -€10,370 | -23.0% |
| Trade debts | 44 | €16,575 | €16,527 | -€49 | -0.3% |
| Suppliers | 440/4 | €16,575 | €16,527 | -€49 | -0.3% |
| Taxes, remuneration and social security | 45 | €22,443 | €17,380 | -€5,063 | -22.6% |
| Taxes | 450/3 | €22,443 | €17,380 | -€5,063 | -22.6% |
| Other amounts payable | 47/48 | €6,091 | €833 | -€5,259 | -86.3% |
| Remuneration, social security and pensions | 62 | €1,636 | - | -€1,636 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,663 | €12,478 | -€185 | -1.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €467 | €0 | -€467 | -100.0% |
| Other operating charges | 640/8 | €5,535 | €123,372 | +€117,837 | +2128.9% |
| Non-recurring operating charges | 66A | - | €3,775 | +€3,775 | |
| Gross operating margin | 9900 | €164,862 | €123,253 | -€41,608 | -25.2% |
| Operating profit (loss) | 9901 | €144,561 | -€16,371 | -€160,933 | |
| Financial income | 75/76B | €12,768 | €17,895 | +€5,127 | +40.2% |
| Recurring financial income | 75 | €12,768 | €17,895 | +€5,127 | +40.2% |
| Financial charges | 65/66B | €1,003 | -€30 | -€1,033 | |
| Recurring financial charges | 65 | €1,003 | -€30 | -€1,033 | |
| Profit (loss) for the period before taxes | 9903 | €156,327 | €1,554 | -€154,773 | -99.0% |
| Income taxes | 67/77 | €45,346 | €564 | -€44,782 | -98.8% |
| Profit (loss) for the period | 9904 | €110,980 | €990 | -€109,990 | -99.1% |
| Profit (loss) for the period to be appropriated | 9905 | €110,980 | €990 | -€109,990 | -99.1% |
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 3 October 2026 via checked.be.