ELEKTRO BOGAERT: 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.
ELEKTRO BOGAERT
Largest movements
- Cash -€15,741
down €15,741 (-33.0%), from €47,645 to €31,904
mainly Stocks and contracts (-€12,600) and Receivables within one year (-€8,358)
- Stocks and contracts +€12,600
up €12,600 (+126%), from €10,000 to €22,600
of which Contracts in progress: +€11,600
- Tangible fixed assets -€10,383
down €10,383 (-11.9%), from €87,551 to €77,168
of which Land and buildings: -€9,288
- Receivables within one year +€8,358
up €8,358 (+60.1%), from €13,909 to €22,267
of which Trade receivables: +€9,083
- Other debts -€3,880
no longer reported in 2025 (was €3,880)
- Profit (loss) carried forward -€2,415
down €2,415 (-98.7%), from €2,446 to €31
- Trade debts +€1,694
up €1,694 (+16.2%), from €10,438 to €12,132
- Gross operating margin -€11,862
down €11,862 (-39.9%), from €29,699 to €17,837
- Depreciation -€2,651
down €2,651 (-14.0%), from €18,893 to €16,242
- Financial charges +€2,607
up €2,607 (+520%), from €501 to €3,108
of which Non-recurring financial charges: +€2,500
- Taxes -€2,536
no longer reported in 2025 (was €2,536)
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 | €160,448 | €155,064 | -€5,384 | -3.4% |
| Fixed assets | 21/28 | €87,585 | €77,202 | -€10,383 | -11.9% |
| Tangible fixed assets | 22/27 | €87,551 | €77,168 | -€10,383 | -11.9% |
| Land and buildings | 22 | €71,299 | €62,011 | -€9,288 | -13.0% |
| Plant, machinery and equipment | 23 | - | €1,622 | +€1,622 | |
| Furniture and vehicles | 24 | €16,252 | €13,535 | -€2,717 | -16.7% |
| Financial fixed assets | 28 | €34 | €34 | = | 0.0% |
| Current assets | 29/58 | €72,863 | €77,862 | +€4,999 | +6.9% |
| Stocks and contracts in progress | 3 | €10,000 | €22,600 | +€12,600 | +126% |
| Stocks | 30/36 | €2,000 | €3,000 | +€1,000 | +50.0% |
| Contracts in progress | 37 | €8,000 | €19,600 | +€11,600 | +145% |
| Amounts receivable within one year | 40/41 | €13,909 | €22,267 | +€8,358 | +60.1% |
| Trade receivables | 40 | €6,526 | €15,609 | +€9,083 | +139% |
| Other amounts receivable | 41 | €7,383 | €6,658 | -€725 | -9.8% |
| Cash at bank and in hand | 54/58 | €47,645 | €31,904 | -€15,741 | -33.0% |
| Deferred charges and accrued income | 490/1 | €1,309 | €1,091 | -€218 | -16.7% |
| Total equity and liabilities | 10/49 | €160,448 | €155,064 | -€5,384 | -3.4% |
| Equity | 10/15 | €144,062 | €141,647 | -€2,415 | -1.7% |
| Reserves | 13 | €141,616 | €141,616 | = | 0.0% |
| Distributable reserves | 133 | €141,616 | €141,616 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,446 | €31 | -€2,415 | -98.7% |
| Amounts payable | 17/49 | €16,386 | €13,417 | -€2,969 | -18.1% |
| Amounts payable within one year | 42/48 | €16,386 | €13,417 | -€2,969 | -18.1% |
| Trade debts | 44 | €10,438 | €12,132 | +€1,694 | +16.2% |
| Suppliers | 440/4 | €10,438 | €12,132 | +€1,694 | +16.2% |
| Taxes, remuneration and social security | 45 | €2,068 | €1,285 | -€783 | -37.9% |
| Taxes | 450/3 | €2,068 | €1,285 | -€783 | -37.9% |
| Other amounts payable | 47/48 | €3,880 | - | -€3,880 | |
| Non-recurring operating income | 76A | - | €600 | +€600 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,893 | €16,242 | -€2,651 | -14.0% |
| Other operating charges | 640/8 | €1,366 | €1,073 | -€293 | -21.4% |
| Gross operating margin | 9900 | €29,699 | €17,837 | -€11,862 | -39.9% |
| Operating profit (loss) | 9901 | €9,440 | €522 | -€8,918 | -94.5% |
| Financial income | 75/76B | €212 | €171 | -€41 | -19.3% |
| Recurring financial income | 75 | €212 | €171 | -€41 | -19.3% |
| Financial charges | 65/66B | €501 | €3,108 | +€2,607 | +520% |
| Recurring financial charges | 65 | €501 | €608 | +€107 | +21.4% |
| Non-recurring financial charges | 66B | - | €2,500 | +€2,500 | |
| Profit (loss) for the period before taxes | 9903 | €9,151 | -€2,415 | -€11,566 | |
| Income taxes | 67/77 | €2,536 | - | -€2,536 | |
| Profit (loss) for the period | 9904 | €6,615 | -€2,415 | -€9,030 | |
| Profit (loss) for the period to be appropriated | 9905 | €6,615 | -€2,415 | -€9,030 |
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 25 October 2026 via checked.be.