ELEKTRO CAUWE: 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 CAUWE
Largest movements
- Receivables within one year -€28,239
down €28,239 (-67.8%), from €41,657 to €13,419
of which Trade receivables: -€30,049
- Tangible fixed assets -€23,350
down €23,350 (-17.1%), from €136,928 to €113,578
of which Furniture and vehicles: -€18,723
- Stocks and contracts +€21,566
up €21,566 (+477%), from €4,519 to €26,085
- Cash -€16,493
down €16,493 (-100.0%), from €16,493 to €0
mainly Net result for the year (-€29,594) and Stocks and contracts (-€21,566)
- Debts after one year -€20,576
down €20,576 (-30.2%), from €68,241 to €47,665
- Profit (loss) carried forward -€17,735
down €17,735, from €1,999 to -€15,736
- Reserves -€11,859
down €11,859 (-17.2%), from €69,002 to €57,143
- Tax, wage and social debts -€6,915
down €6,915 (-58.7%), from €11,786 to €4,872
of which Taxes: -€6,415
- Trade debts +€5,587
up €5,587 (+60.0%), from €9,318 to €14,905
- Gross operating margin -€33,432
down €33,432 (-95.3%), from €35,090 to €1,658
- Taxes -€2,268
down €2,268 (-91.8%), from €2,470 to €202
- Financial income -€1,400
down €1,400 (-85.5%), from €1,638 to €238
- Depreciation -€1,260
down €1,260 (-4.7%), from €27,022 to €25,762
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 | €199,623 | €154,937 | -€44,686 | -22.4% |
| Fixed assets | 21/28 | €136,953 | €113,603 | -€23,350 | -17.0% |
| Tangible fixed assets | 22/27 | €136,928 | €113,578 | -€23,350 | -17.1% |
| Land and buildings | 22 | €86,375 | €81,749 | -€4,626 | -5.4% |
| Furniture and vehicles | 24 | €50,553 | €31,830 | -€18,723 | -37.0% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €62,670 | €41,334 | -€21,336 | -34.0% |
| Stocks and contracts in progress | 3 | €4,519 | €26,085 | +€21,566 | +477% |
| Stocks | 30/36 | €4,519 | €26,085 | +€21,566 | +477% |
| Amounts receivable within one year | 40/41 | €41,657 | €13,419 | -€28,239 | -67.8% |
| Trade receivables | 40 | €35,553 | €5,504 | -€30,049 | -84.5% |
| Other amounts receivable | 41 | €6,104 | €7,915 | +€1,811 | +29.7% |
| Cash at bank and in hand | 54/58 | €16,493 | €0 | -€16,493 | -100.0% |
| Deferred charges and accrued income | 490/1 | - | €1,830 | +€1,830 | |
| Total equity and liabilities | 10/49 | €199,623 | €154,937 | -€44,686 | -22.4% |
| Equity | 10/15 | €89,593 | €59,999 | -€29,594 | -33.0% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €69,002 | €57,143 | -€11,859 | -17.2% |
| Distributable reserves | 133 | €69,002 | €57,143 | -€11,859 | -17.2% |
| Profit (loss) carried forward | 14 | €1,999 | -€15,736 | -€17,735 | |
| Amounts payable | 17/49 | €110,030 | €94,938 | -€15,092 | -13.7% |
| Amounts payable after more than one year | 17 | €68,241 | €47,665 | -€20,576 | -30.2% |
| Financial debts | 170/4 | €68,241 | €47,665 | -€20,576 | -30.2% |
| Amounts payable within one year | 42/48 | €41,789 | €47,273 | +€5,484 | +13.1% |
| Current portion of amounts payable after more than one year | 42 | €20,663 | €20,576 | -€87 | -0.4% |
| Financial debts | 43 | - | €5,025 | +€5,025 | |
| Credit institutions | 430/8 | - | €5,025 | +€5,025 | |
| Trade debts | 44 | €9,318 | €14,905 | +€5,587 | +60.0% |
| Suppliers | 440/4 | €9,318 | €14,905 | +€5,587 | +60.0% |
| Taxes, remuneration and social security | 45 | €11,786 | €4,872 | -€6,915 | -58.7% |
| Taxes | 450/3 | €9,086 | €2,672 | -€6,415 | -70.6% |
| Remuneration and social security | 454/9 | €2,700 | €2,200 | -€500 | -18.5% |
| Other amounts payable | 47/48 | €22 | €1,896 | +€1,875 | +8,695% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,022 | €25,762 | -€1,260 | -4.7% |
| Other operating charges | 640/8 | €2,566 | €2,221 | -€344 | -13.4% |
| Gross operating margin | 9900 | €35,090 | €1,658 | -€33,432 | -95.3% |
| Operating profit (loss) | 9901 | €5,503 | -€26,325 | -€31,828 | |
| Financial income | 75/76B | €1,638 | €238 | -€1,400 | -85.5% |
| Recurring financial income | 75 | €1,638 | €238 | -€1,400 | -85.5% |
| Financial charges | 65/66B | €3,650 | €3,306 | -€345 | -9.4% |
| Recurring financial charges | 65 | €3,650 | €3,306 | -€345 | -9.4% |
| Profit (loss) for the period before taxes | 9903 | €3,490 | -€29,392 | -€32,883 | |
| Income taxes | 67/77 | €2,470 | €202 | -€2,268 | -91.8% |
| Profit (loss) for the period | 9904 | €1,020 | -€29,594 | -€30,614 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,020 | -€29,594 | -€30,614 |
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 29 October 2026 via checked.be.