Elektro David: 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 David
Largest movements
- Stocks and contracts +€112,704
up €112,704 (+274%), from €41,148 to €153,851
of which Contracts in progress: +€105,478
- Tangible fixed assets +€66,755
up €66,755 (+15.1%), from €441,519 to €508,274
of which Land and buildings: +€74,600
- Receivables within one year +€42,655
up €42,655 (+19.0%), from €224,044 to €266,699
of which Trade receivables: +€40,188
- Trade debts +€102,492
up €102,492 (+92.4%), from €110,904 to €213,396
- Reserves +€71,830
up €71,830 (+44.4%), from €161,911 to €233,741
- Debts after one year +€12,296
up €12,296 (+4.1%), from €303,357 to €315,653
- Other debts +€11,922
up €11,922 (+12.5%), from €95,086 to €107,008
- Current portion of long-term debt +€10,984
up €10,984 (+45.6%), from €24,096 to €35,080
- Gross operating margin +€34,668
up €34,668 (+31.6%), from €109,633 to €144,301
- Depreciation -€32,212
down €32,212 (-50.0%), from €64,421 to €32,209
- Taxes +€11,580
up €11,580 (+218%), from €5,310 to €16,890
- Financial charges +€2,816
up €2,816 (+15.0%), from €18,775 to €21,591
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 | €717,990 | €938,627 | +€220,637 | +30.7% |
| Fixed assets | 21/28 | €441,519 | €508,274 | +€66,755 | +15.1% |
| Tangible fixed assets | 22/27 | €441,519 | €508,274 | +€66,755 | +15.1% |
| Land and buildings | 22 | €381,700 | €456,299 | +€74,600 | +19.5% |
| Plant, machinery and equipment | 23 | €7,201 | €13,916 | +€6,714 | +93.2% |
| Furniture and vehicles | 24 | €52,618 | €38,059 | -€14,559 | -27.7% |
| Current assets | 29/58 | €276,472 | €430,353 | +€153,882 | +55.7% |
| Stocks and contracts in progress | 3 | €41,148 | €153,851 | +€112,704 | +274% |
| Stocks | 30/36 | €36,510 | €43,736 | +€7,226 | +19.8% |
| Contracts in progress | 37 | €4,638 | €110,116 | +€105,478 | +2,274% |
| Amounts receivable within one year | 40/41 | €224,044 | €266,699 | +€42,655 | +19.0% |
| Trade receivables | 40 | €213,776 | €253,964 | +€40,188 | +18.8% |
| Other amounts receivable | 41 | €10,268 | €12,735 | +€2,467 | +24.0% |
| Cash at bank and in hand | 54/58 | €9,644 | €8,139 | -€1,505 | -15.6% |
| Deferred charges and accrued income | 490/1 | €1,636 | €1,664 | +€28 | +1.7% |
| Total equity and liabilities | 10/49 | €717,990 | €938,627 | +€220,637 | +30.7% |
| Equity | 10/15 | €166,911 | €238,741 | +€71,830 | +43.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €161,911 | €233,741 | +€71,830 | +44.4% |
| Distributable reserves | 133 | €161,911 | €233,741 | +€71,830 | +44.4% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €551,080 | €699,886 | +€148,807 | +27.0% |
| Amounts payable after more than one year | 17 | €303,357 | €315,653 | +€12,296 | +4.1% |
| Financial debts | 170/4 | €303,357 | €315,653 | +€12,296 | +4.1% |
| Amounts payable within one year | 42/48 | €247,723 | €383,383 | +€135,661 | +54.8% |
| Current portion of amounts payable after more than one year | 42 | €24,096 | €35,080 | +€10,984 | +45.6% |
| Trade debts | 44 | €110,904 | €213,396 | +€102,492 | +92.4% |
| Suppliers | 440/4 | €110,904 | €213,396 | +€102,492 | +92.4% |
| Taxes, remuneration and social security | 45 | €17,636 | €27,898 | +€10,262 | +58.2% |
| Taxes | 450/3 | €13,336 | €19,598 | +€6,262 | +47.0% |
| Remuneration and social security | 454/9 | €4,300 | €8,300 | +€4,000 | +93.0% |
| Other amounts payable | 47/48 | €95,086 | €107,008 | +€11,922 | +12.5% |
| Accrued charges and deferred income | 492/3 | - | €850 | +€850 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €64,421 | €32,209 | -€32,212 | -50.0% |
| Other operating charges | 640/8 | €1,581 | €2,616 | +€1,035 | +65.5% |
| Non-recurring operating charges | 66A | €0 | €250 | +€250 | |
| Gross operating margin | 9900 | €109,633 | €144,301 | +€34,668 | +31.6% |
| Operating profit (loss) | 9901 | €43,631 | €109,226 | +€65,595 | +150% |
| Financial income | 75/76B | €69 | €1,086 | +€1,017 | +1,469% |
| Recurring financial income | 75 | €69 | €1,086 | +€1,017 | +1,469% |
| Financial charges | 65/66B | €18,775 | €21,591 | +€2,816 | +15.0% |
| Recurring financial charges | 65 | €18,775 | €21,591 | +€2,816 | +15.0% |
| Profit (loss) for the period before taxes | 9903 | €24,925 | €88,721 | +€63,796 | +256% |
| Income taxes | 67/77 | €5,310 | €16,890 | +€11,580 | +218% |
| Profit (loss) for the period | 9904 | €19,615 | €71,830 | +€52,216 | +266% |
| Profit (loss) for the period to be appropriated | 9905 | €19,615 | €71,830 | +€52,216 | +266% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.