ELEKTRICITEITSWERKEN STROEF: what changed
ELEKTRICITEITSWERKEN STROEF
Largest movements
- Tangible fixed assets +€36,144
up €36,144 (+132%), from €27,468 to €63,612
of which Leasing and similar rights: +€36,367
- Receivables within one year +€15,016
up €15,016 (+17.2%), from €87,234 to €102,249
of which Trade receivables: +€10,822
- Stocks and contracts +€10,260
up €10,260 (+12.1%), from €85,000 to €95,260
of which Stocks: +€10,000
- Cash +€8,732
up €8,732 (+80.1%), from €10,907 to €19,639
mainly Trade debts (+€32,273) and Debts after one year (+€24,691)
- Trade debts +€32,273
up €32,273 (+53.5%), from €60,320 to €92,593
- Debts after one year +€24,691
up €24,691 (+173%), from €14,279 to €38,970
- Tax, wage and social debts -€12,414
down €12,414 (-61.5%), from €20,195 to €7,782
of which Taxes: -€15,652
- Current portion of long-term debt +€11,316
up €11,316 (+214%), from €5,286 to €16,602
- Reserves +€10,531
up €10,531 (+14.5%), from €72,808 to €83,340
- Staff costs +€52,704
new in 2026: €52,704
- Taxes -€15,949
down €15,949 (-86.0%), from €18,540 to €2,590
- Gross operating margin -€12,650
down €12,650 (-12.9%), from €98,180 to €85,529
- Depreciation +€8,222
up €8,222 (+171%), from €4,802 to €13,024
- Financial charges +€3,244
up €3,244 (+160%), from €2,029 to €5,273
Change in the result, 2025 to 2026
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2025 and 2026 balance sheets and the 2026 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €210,898 | €281,928 | +€71,030 | +33.7% |
| Formation expenses | 20 | €53 | - | -€53 | |
| Fixed assets | 21/28 | €27,552 | €63,662 | +€36,111 | +131% |
| Intangible fixed assets | 21 | €83 | €50 | -€33 | -40.0% |
| Tangible fixed assets | 22/27 | €27,468 | €63,612 | +€36,144 | +132% |
| Plant, machinery and equipment | 23 | €6,676 | €6,453 | -€223 | -3.3% |
| Leasing and similar rights | 25 | €20,792 | €57,159 | +€36,367 | +175% |
| Current assets | 29/58 | €183,293 | €218,266 | +€34,973 | +19.1% |
| Stocks and contracts in progress | 3 | €85,000 | €95,260 | +€10,260 | +12.1% |
| Stocks | 30/36 | €85,000 | €95,000 | +€10,000 | +11.8% |
| Contracts in progress | 37 | - | €260 | +€260 | |
| Amounts receivable within one year | 40/41 | €87,234 | €102,249 | +€15,016 | +17.2% |
| Trade receivables | 40 | €73,170 | €83,992 | +€10,822 | +14.8% |
| Other amounts receivable | 41 | €14,064 | €18,258 | +€4,193 | +29.8% |
| Cash at bank and in hand | 54/58 | €10,907 | €19,639 | +€8,732 | +80.1% |
| Deferred charges and accrued income | 490/1 | €152 | €1,116 | +€964 | +634% |
| Total equity and liabilities | 10/49 | €210,898 | €281,928 | +€71,030 | +33.7% |
| Equity | 10/15 | €74,808 | €85,340 | +€10,531 | +14.1% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €72,808 | €83,340 | +€10,531 | +14.5% |
| Distributable reserves | 133 | €72,808 | €83,340 | +€10,531 | +14.5% |
| Amounts payable | 17/49 | €136,090 | €196,588 | +€60,499 | +44.5% |
| Amounts payable after more than one year | 17 | €14,279 | €38,970 | +€24,691 | +173% |
| Financial debts | 170/4 | €14,279 | €38,970 | +€24,691 | +173% |
| Amounts payable within one year | 42/48 | €121,811 | €157,618 | +€35,808 | +29.4% |
| Current portion of amounts payable after more than one year | 42 | €5,286 | €16,602 | +€11,316 | +214% |
| Trade debts | 44 | €60,320 | €92,593 | +€32,273 | +53.5% |
| Suppliers | 440/4 | €60,320 | €92,593 | +€32,273 | +53.5% |
| Taxes, remuneration and social security | 45 | €20,195 | €7,782 | -€12,414 | -61.5% |
| Taxes | 450/3 | €18,592 | €2,941 | -€15,652 | -84.2% |
| Remuneration and social security | 454/9 | €1,603 | €4,841 | +€3,238 | +202% |
| Other amounts payable | 47/48 | €36,009 | €40,641 | +€4,632 | +12.9% |
| Remuneration, social security and pensions | 62 | - | €52,704 | +€52,704 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,802 | €13,024 | +€8,222 | +171% |
| Other operating charges | 640/8 | - | €1,534 | +€1,534 | |
| Gross operating margin | 9900 | €98,180 | €85,529 | -€12,650 | -12.9% |
| Operating profit (loss) | 9901 | €93,377 | €18,266 | -€75,111 | -80.4% |
| Financial income | 75/76B | - | €128 | +€128 | |
| Recurring financial income | 75 | - | €128 | +€128 | |
| Financial charges | 65/66B | €2,029 | €5,273 | +€3,244 | +160% |
| Recurring financial charges | 65 | €2,029 | €5,273 | +€3,244 | +160% |
| Profit (loss) for the period before taxes | 9903 | €91,348 | €13,122 | -€78,227 | -85.6% |
| Income taxes | 67/77 | €18,540 | €2,590 | -€15,949 | -86.0% |
| Profit (loss) for the period | 9904 | €72,808 | €10,531 | -€62,277 | -85.5% |
| Profit (loss) for the period to be appropriated | 9905 | €72,808 | €10,531 | -€62,277 | -85.5% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.