Elektriciteitswerken Sander: 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.
Elektriciteitswerken Sander
Largest movements
- Receivables within one year +€40,284
up €40,284 (+155%), from €25,930 to €66,214
of which Trade receivables: +€40,510
- Tangible fixed assets -€12,315
down €12,315 (-26.2%), from €47,053 to €34,738
of which Furniture and vehicles: -€11,633
- Cash -€8,820
down €8,820 (-54.4%), from €16,212 to €7,392
mainly Receivables within one year (-€40,284) and Debts after one year (-€7,759)
- Stocks and contracts +€6,617
up €6,617 (+525%), from €1,260 to €7,877
- Profit (loss) carried forward +€21,386
up €21,386 (+72.6%), from €29,476 to €50,862
- Debts after one year -€7,759
down €7,759 (-31.0%), from €25,065 to €17,305
- Other debts +€5,428
up €5,428 (+24.3%), from €22,294 to €27,721
- Trade debts +€4,725
up €4,725 (+543%), from €871 to €5,595
- Tax, wage and social debts +€1,699
up €1,699 (+151%), from €1,124 to €2,823
- Gross operating margin +€12,053
up €12,053 (+37.8%), from €31,927 to €43,980
- Taxes +€2,213
up €2,213 (+60.7%), from €3,643 to €5,857
- Financial income -€1,147
down €1,147 (-97.1%), from €1,181 to €34
- Depreciation +€912
up €912 (+8.0%), from €11,403 to €12,315
- Financial charges -€585
down €585 (-16.0%), from €3,649 to €3,064
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 | €91,005 | €116,781 | +€25,776 | +28.3% |
| Fixed assets | 21/28 | €47,053 | €34,738 | -€12,315 | -26.2% |
| Tangible fixed assets | 22/27 | €47,053 | €34,738 | -€12,315 | -26.2% |
| Plant, machinery and equipment | 23 | €1,896 | €1,213 | -€683 | -36.0% |
| Furniture and vehicles | 24 | €45,157 | €33,525 | -€11,633 | -25.8% |
| Current assets | 29/58 | €43,951 | €82,043 | +€38,091 | +86.7% |
| Stocks and contracts in progress | 3 | €1,260 | €7,877 | +€6,617 | +525% |
| Stocks | 30/36 | €1,260 | €7,877 | +€6,617 | +525% |
| Amounts receivable within one year | 40/41 | €25,930 | €66,214 | +€40,284 | +155% |
| Trade receivables | 40 | €20,804 | €61,314 | +€40,510 | +195% |
| Other amounts receivable | 41 | €5,126 | €4,900 | -€226 | -4.4% |
| Cash at bank and in hand | 54/58 | €16,212 | €7,392 | -€8,820 | -54.4% |
| Deferred charges and accrued income | 490/1 | €549 | €561 | +€11 | +2.1% |
| Total equity and liabilities | 10/49 | €91,005 | €116,781 | +€25,776 | +28.3% |
| Equity | 10/15 | €32,476 | €53,862 | +€21,386 | +65.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €29,476 | €50,862 | +€21,386 | +72.6% |
| Amounts payable | 17/49 | €58,529 | €62,919 | +€4,390 | +7.5% |
| Amounts payable after more than one year | 17 | €25,065 | €17,305 | -€7,759 | -31.0% |
| Financial debts | 170/4 | €25,065 | €17,305 | -€7,759 | -31.0% |
| Amounts payable within one year | 42/48 | €31,714 | €43,900 | +€12,186 | +38.4% |
| Current portion of amounts payable after more than one year | 42 | €7,425 | €7,759 | +€334 | +4.5% |
| Trade debts | 44 | €871 | €5,595 | +€4,725 | +543% |
| Suppliers | 440/4 | €871 | €5,595 | +€4,725 | +543% |
| Taxes, remuneration and social security | 45 | €1,124 | €2,823 | +€1,699 | +151% |
| Taxes | 450/3 | €1,124 | €2,823 | +€1,699 | +151% |
| Other amounts payable | 47/48 | €22,294 | €27,721 | +€5,428 | +24.3% |
| Accrued charges and deferred income | 492/3 | €1,751 | €1,714 | -€37 | -2.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,403 | €12,315 | +€912 | +8.0% |
| Other operating charges | 640/8 | €489 | €559 | +€70 | +14.4% |
| Gross operating margin | 9900 | €31,927 | €43,980 | +€12,053 | +37.8% |
| Operating profit (loss) | 9901 | €20,036 | €31,106 | +€11,070 | +55.3% |
| Financial income | 75/76B | €1,181 | €34 | -€1,147 | -97.1% |
| Recurring financial income | 75 | €1,181 | €34 | -€1,147 | -97.1% |
| Financial charges | 65/66B | €3,649 | €3,064 | -€585 | -16.0% |
| Recurring financial charges | 65 | €3,649 | €3,064 | -€585 | -16.0% |
| Profit (loss) for the period before taxes | 9903 | €17,568 | €28,076 | +€10,508 | +59.8% |
| Income taxes | 67/77 | €3,643 | €5,857 | +€2,213 | +60.7% |
| Profit (loss) for the period | 9904 | €13,925 | €22,219 | +€8,295 | +59.6% |
| Profit (loss) for the period to be appropriated | 9905 | €13,925 | €22,219 | +€8,295 | +59.6% |
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 30 October 2026 via checked.be.