ELEKTRO BUCSAN: 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 BUCSAN
Largest movements
- Cash +€60,458
up €60,458 (+25.9%), from €233,231 to €293,689
mainly Receivables within one year (+€58,003) and Other debts (+€7,561)
- Receivables within one year -€58,003
down €58,003 (-61.7%), from €93,973 to €35,969
of which Trade receivables: -€56,576
- Deferred charges and accrued income +€6,131
new in 2025: €6,131
- Tangible fixed assets -€5,377
down €5,377 (-66.2%), from €8,126 to €2,749
- Other debts +€7,561
up €7,561 (+11.8%), from €64,312 to €71,872
- Reserves +€4,255
up €4,255 (+2.1%), from €205,664 to €209,919
- Tax, wage and social debts -€3,690
down €3,690 (-54.1%), from €6,818 to €3,128
of which Taxes: -€3,710
- Gross operating margin -€122,846
down €122,846 (-87.5%), from €140,327 to €17,481
- Taxes -€35,204
down €35,204 (-94.5%), from €37,268 to €2,064
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 | €338,206 | €342,164 | +€3,957 | +1.2% |
| Fixed assets | 21/28 | €8,126 | €2,749 | -€5,377 | -66.2% |
| Tangible fixed assets | 22/27 | €8,126 | €2,749 | -€5,377 | -66.2% |
| Furniture and vehicles | 24 | €8,126 | €2,749 | -€5,377 | -66.2% |
| Current assets | 29/58 | €330,081 | €339,415 | +€9,334 | +2.8% |
| Stocks and contracts in progress | 3 | €2,877 | €3,625 | +€748 | +26.0% |
| Stocks | 30/36 | €2,877 | €3,625 | +€748 | +26.0% |
| Amounts receivable within one year | 40/41 | €93,973 | €35,969 | -€58,003 | -61.7% |
| Trade receivables | 40 | €77,811 | €21,236 | -€56,576 | -72.7% |
| Other amounts receivable | 41 | €16,162 | €14,734 | -€1,428 | -8.8% |
| Cash at bank and in hand | 54/58 | €233,231 | €293,689 | +€60,458 | +25.9% |
| Deferred charges and accrued income | 490/1 | - | €6,131 | +€6,131 | |
| Total equity and liabilities | 10/49 | €338,206 | €342,164 | +€3,957 | +1.2% |
| Equity | 10/15 | €224,264 | €228,519 | +€4,255 | +1.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €205,664 | €209,919 | +€4,255 | +2.1% |
| Distributable reserves | 133 | €205,664 | €209,919 | +€4,255 | +2.1% |
| Amounts payable | 17/49 | €113,942 | €113,645 | -€297 | -0.3% |
| Amounts payable after more than one year | 17 | €23,985 | €22,000 | -€1,985 | -8.3% |
| Financial debts | 170/4 | €23,985 | €22,000 | -€1,985 | -8.3% |
| Amounts payable within one year | 42/48 | €83,736 | €84,521 | +€785 | +0.9% |
| Current portion of amounts payable after more than one year | 42 | €4,719 | €1,985 | -€2,733 | -57.9% |
| Financial debts | 43 | €1,705 | €0 | -€1,705 | -100% |
| Other loans | 439 | €1,705 | €0 | -€1,705 | -100% |
| Trade debts | 44 | €6,183 | €7,536 | +€1,353 | +21.9% |
| Suppliers | 440/4 | €6,183 | €7,536 | +€1,353 | +21.9% |
| Taxes, remuneration and social security | 45 | €6,818 | €3,128 | -€3,690 | -54.1% |
| Taxes | 450/3 | €3,710 | €0 | -€3,710 | -100% |
| Remuneration and social security | 454/9 | €3,108 | €3,128 | +€20 | +0.6% |
| Other amounts payable | 47/48 | €64,312 | €71,872 | +€7,561 | +11.8% |
| Accrued charges and deferred income | 492/3 | €6,221 | €7,124 | +€903 | +14.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,924 | €5,377 | -€548 | -9.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €1,246 | +€1,246 | |
| Other operating charges | 640/8 | €886 | €713 | -€172 | -19.5% |
| Gross operating margin | 9900 | €140,327 | €17,481 | -€122,846 | -87.5% |
| Operating profit (loss) | 9901 | €133,517 | €10,145 | -€123,371 | -92.4% |
| Financial income | 75/76B | €186 | €1,066 | +€880 | +474% |
| Recurring financial income | 75 | €186 | €1,066 | +€880 | +474% |
| Financial charges | 65/66B | €5,404 | €4,893 | -€512 | -9.5% |
| Recurring financial charges | 65 | €5,404 | €4,893 | -€512 | -9.5% |
| Profit (loss) for the period before taxes | 9903 | €128,298 | €6,318 | -€121,980 | -95.1% |
| Income taxes | 67/77 | €37,268 | €2,064 | -€35,204 | -94.5% |
| Profit (loss) for the period | 9904 | €91,030 | €4,255 | -€86,776 | -95.3% |
| Profit (loss) for the period to be appropriated | 9905 | €91,030 | €4,255 | -€86,776 | -95.3% |
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 31 October 2026 via checked.be.