Elektro Bart: 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.
Elektro Bart
Largest movements
- Receivables within one year +€102,880
up €102,880 (+84.5%), from €121,790 to €224,671
of which Trade receivables: +€109,904
- Cash -€76,174
down €76,174 (-10.8%), from €705,402 to €629,229
mainly Contributions, distributions and other (-€135,942) and Receivables within one year (-€102,880)
- Tangible fixed assets -€24,338
down €24,338 (-44.3%), from €54,991 to €30,653
of which Furniture and vehicles: -€23,855
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin +€52,391
up €52,391 (+20.8%), from €251,410 to €303,801
- Taxes +€15,150
up €15,150 (+35.2%), from €43,082 to €58,231
- Other operating charges +€5,156
up €5,156 (+193.0%), from €2,671 to €7,828
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 | €897,718 | €895,187 | -€2,531 | -0.3% |
| Fixed assets | 21/28 | €55,588 | €31,250 | -€24,338 | -43.8% |
| Tangible fixed assets | 22/27 | €54,991 | €30,653 | -€24,338 | -44.3% |
| Land and buildings | 22 | €436 | - | -€436 | |
| Plant, machinery and equipment | 23 | €1,386 | €1,339 | -€47 | -3.4% |
| Furniture and vehicles | 24 | €53,169 | €29,314 | -€23,855 | -44.9% |
| Financial fixed assets | 28 | €597 | €597 | = | 0.0% |
| Current assets | 29/58 | €842,130 | €863,937 | +€21,807 | +2.6% |
| Stocks and contracts in progress | 3 | €9,201 | €5,521 | -€3,679 | -40.0% |
| Stocks | 30/36 | €3,931 | €5,521 | +€1,591 | +40.5% |
| Contracts in progress | 37 | €5,270 | - | -€5,270 | |
| Amounts receivable within one year | 40/41 | €121,790 | €224,671 | +€102,880 | +84.5% |
| Trade receivables | 40 | €106,434 | €216,338 | +€109,904 | +103.3% |
| Other amounts receivable | 41 | €15,356 | €8,333 | -€7,024 | -45.7% |
| Cash at bank and in hand | 54/58 | €705,402 | €629,229 | -€76,174 | -10.8% |
| Deferred charges and accrued income | 490/1 | €5,737 | €4,516 | -€1,221 | -21.3% |
| Total equity and liabilities | 10/49 | €897,718 | €895,187 | -€2,531 | -0.3% |
| Equity | 10/15 | €858,752 | €856,020 | -€2,732 | -0.3% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €796,779 | €794,047 | -€2,732 | -0.3% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Legal reserve | 130 | €6,197 | €6,197 | = | 0.0% |
| Tax-exempt reserves | 132 | €37,500 | €37,500 | = | 0.0% |
| Distributable reserves | 133 | €753,081 | €750,349 | -€2,732 | -0.4% |
| Amounts payable | 17/49 | €38,966 | €39,167 | +€201 | +0.5% |
| Amounts payable within one year | 42/48 | €38,966 | €39,113 | +€146 | +0.4% |
| Trade debts | 44 | €7,395 | €9,220 | +€1,826 | +24.7% |
| Suppliers | 440/4 | €7,395 | €9,220 | +€1,826 | +24.7% |
| Taxes, remuneration and social security | 45 | €12,153 | €17,102 | +€4,949 | +40.7% |
| Taxes | 450/3 | €4,057 | €10,888 | +€6,831 | +168.4% |
| Remuneration and social security | 454/9 | €8,096 | €6,214 | -€1,882 | -23.2% |
| Other amounts payable | 47/48 | €19,419 | €12,790 | -€6,628 | -34.1% |
| Accrued charges and deferred income | 492/3 | - | €54 | +€54 | |
| Remuneration, social security and pensions | 62 | €80,331 | €80,305 | -€26 | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,216 | €25,012 | -€205 | -0.8% |
| Other operating charges | 640/8 | €2,671 | €7,828 | +€5,156 | +193.0% |
| Gross operating margin | 9900 | €251,410 | €303,801 | +€52,391 | +20.8% |
| Operating profit (loss) | 9901 | €143,192 | €190,657 | +€47,465 | +33.1% |
| Financial income | 75/76B | €1,097 | €1,664 | +€567 | +51.7% |
| Recurring financial income | 75 | €1,097 | €1,664 | +€567 | +51.7% |
| Financial charges | 65/66B | €722 | €879 | +€156 | +21.6% |
| Recurring financial charges | 65 | €722 | €879 | +€156 | +21.6% |
| Profit (loss) for the period before taxes | 9903 | €143,566 | €191,442 | +€47,876 | +33.3% |
| Income taxes | 67/77 | €43,082 | €58,231 | +€15,150 | +35.2% |
| Profit (loss) for the period | 9904 | €100,484 | €133,210 | +€32,726 | +32.6% |
| Profit (loss) for the period to be appropriated | 9905 | €100,484 | €133,210 | +€32,726 | +32.6% |
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 1 October 2026 via checked.be.