ELEKTRO BOGAERTS: 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 BOGAERTS
Largest movements
- Tangible fixed assets -€2,831
down €2,831 (-29.9%), from €9,454 to €6,623
of which Furniture and vehicles: -€1,500
- Receivables within one year -€2,102
down €2,102 (-2.2%), from €95,102 to €93,000
of which Trade receivables: -€13,021
- Reserves -€16,101
down €16,101 (-31.5%), from €51,153 to €35,052
of which Distributable reserves: -€16,101
- Short-term financial debts +€6,360
up €6,360 (+85.4%), from €7,450 to €13,810
- Trade debts +€2,373
up €2,373 (+30.1%), from €7,877 to €10,251
- Tax, wage and social debts +€1,993
up €1,993 (+17.7%), from €11,278 to €13,270
- Debts after one year +€1,099
up €1,099 (+57.3%), from €1,917 to €3,016
- Gross operating margin -€34,362
down €34,362, from €28,535 to -€5,826
- Taxes -€5,010
down €5,010 (-96.4%), from €5,195 to €185
- Financial charges +€2,560
up €2,560 (+157%), from €1,627 to €4,187
- Other operating charges -€333
down €333 (-17.4%), from €1,918 to €1,585
From the 2023 result to the 2024 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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €107,253 | €103,078 | -€4,175 | -3.9% |
| Fixed assets | 21/28 | €9,454 | €6,623 | -€2,831 | -29.9% |
| Tangible fixed assets | 22/27 | €9,454 | €6,623 | -€2,831 | -29.9% |
| Plant, machinery and equipment | 23 | €7,954 | €6,623 | -€1,331 | -16.7% |
| Furniture and vehicles | 24 | €1,500 | - | -€1,500 | |
| Current assets | 29/58 | €97,799 | €96,455 | -€1,344 | -1.4% |
| Stocks and contracts in progress | 3 | €2,032 | €2,757 | +€725 | +35.7% |
| Stocks | 30/36 | €2,032 | €2,757 | +€725 | +35.7% |
| Amounts receivable within one year | 40/41 | €95,102 | €93,000 | -€2,102 | -2.2% |
| Trade receivables | 40 | €18,133 | €5,111 | -€13,021 | -71.8% |
| Other amounts receivable | 41 | €76,969 | €87,889 | +€10,920 | +14.2% |
| Deferred charges and accrued income | 490/1 | €666 | €698 | +€32 | +4.8% |
| Total equity and liabilities | 10/49 | €107,253 | €103,078 | -€4,175 | -3.9% |
| Equity | 10/15 | €69,753 | €53,652 | -€16,101 | -23.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €51,153 | €35,052 | -€16,101 | -31.5% |
| Tax-exempt reserves | 132 | €4,917 | €4,917 | = | 0.0% |
| Distributable reserves | 133 | €46,236 | €30,134 | -€16,101 | -34.8% |
| Amounts payable | 17/49 | €37,500 | €49,427 | +€11,926 | +31.8% |
| Amounts payable after more than one year | 17 | €1,917 | €3,016 | +€1,099 | +57.3% |
| Financial debts | 170/4 | €1,917 | €3,016 | +€1,099 | +57.3% |
| Amounts payable within one year | 42/48 | €34,852 | €45,292 | +€10,440 | +30.0% |
| Current portion of amounts payable after more than one year | 42 | €3,247 | €2,960 | -€287 | -8.8% |
| Financial debts | 43 | €7,450 | €13,810 | +€6,360 | +85.4% |
| Credit institutions | 430/8 | €7,450 | €13,810 | +€6,360 | +85.4% |
| Trade debts | 44 | €7,877 | €10,251 | +€2,373 | +30.1% |
| Suppliers | 440/4 | €7,877 | €10,251 | +€2,373 | +30.1% |
| Taxes, remuneration and social security | 45 | €11,278 | €13,270 | +€1,993 | +17.7% |
| Taxes | 450/3 | €11,278 | €13,270 | +€1,993 | +17.7% |
| Other amounts payable | 47/48 | €5,000 | €5,000 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €732 | €1,119 | +€387 | +52.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,143 | €4,319 | +€176 | +4.2% |
| Other operating charges | 640/8 | €1,918 | €1,585 | -€333 | -17.4% |
| Gross operating margin | 9900 | €28,535 | -€5,826 | -€34,362 | |
| Operating profit (loss) | 9901 | €22,474 | -€11,730 | -€34,204 | |
| Financial income | 75/76B | €1 | €1 | -€0 | -2.0% |
| Recurring financial income | 75 | €1 | €1 | -€0 | -2.0% |
| Financial charges | 65/66B | €1,627 | €4,187 | +€2,560 | +157% |
| Recurring financial charges | 65 | €1,627 | €4,187 | +€2,560 | +157% |
| Profit (loss) for the period before taxes | 9903 | €20,848 | -€15,916 | -€36,764 | |
| Income taxes | 67/77 | €5,195 | €185 | -€5,010 | -96.4% |
| Profit (loss) for the period | 9904 | €15,653 | -€16,101 | -€31,754 | |
| Profit (loss) for the period to be appropriated | 9905 | €15,653 | -€16,101 | -€31,754 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.